Ethereum Miners Strike Back in Bid to Retain PoW Mining Community

Some of the largest Filecoin miners stopped mining on Saturday, complaining the project’s mining incentive scheme has made it impossible for the miners to start operations.

Bitcoin public mining companies have been struggling along with the rest of the crypto market. With the decline in the price of bitcoin, these companies had seen their cash flow decline, driving come to the brink of bankruptcy. However, while it seemed like the losses that public BTC miners have incurred have happened in the bear market run, it goes back even father back. Bitcoin Miners Are Barely Profitable Public bitcoin miners, both large and small, had grown in popularity over the last year. Their stocks allowed investors to bet on the crypto market without having to buy any of the....

Miners of both Bitcoin and Ethereum are still thriving regardless of the crypto winter. The revenue generated by Ethereum miners surpasses that of Bitcoin miners, according to the 2022 record. The growth of the miners is quite surprising given the increase in the cost of electricity. But all that might come crashing down very soon. There’s growing concern that the upcoming merge will put ETH miners out of their jobs. This can be traced to the effect of the asset’s merge on the operational mechanism of the network. Related Reading: TA – Polkadot Price Shows Strength, Eyes $10....

Bitcoin mining hardware manufacturer Bitmain has announced they added support for Ethereum mining on Antpool as of May 28. In doing so, the company is welcoming all Ethereum enthusiasts to point their rigs at a new mining pool with a solid reputation. Antpool Welcomes Ethereum Miners. It is quite an interesting change to see Bitcoin mining pools expand their offering to Ethereum miners as well. Albeit a lot of people firmly believe both cryptocurrencies are in direct competition with each other, this news goes to show they can co-exist peacefully without issues. Plus, Antpool is one of the....

I'm just not a big fan of "miners". No, not the miners themselves but the word itself may be a negative as bitcoin strives for popularity. The word throws us for a loop by taking us back to the days of gold mining and gold coins. So, naturally, bitcoin must be mined like gold but this clearly is a bad word choice. The word means physical work, like when they dug gold out of the ground and refined it with hammer and chisel. Bitcoin miners are not miners at all. They are community record keepers. Imagine if we would have come out of the gate with the bitcoin protocol, releasing periodic....