Category: Mining

Ethereum Fees Plummeted 65% in October Following DeFi Volumes Back to Earth

Miners’ income from processing transactions on the Ethereum blockchain more than halved in October as the mania for DeFi cooled.

November 3, 2020
Bitcoin just had its biggest mining difficulty drop since 2011

BTC price action remains relatively stable as the network automatically takes care of higher fees and slower block times.

November 3, 2020
Technician Used Airport’s Computers to Mine Ethereum in Italy: Report

A technician at the Lamezia Terme airport in Italy was discovered using the airport’s computers to illegally mine ether (ETH).

November 1, 2020
How COVID-19 has impacted crypto mining operations

2020 has become the year of the pandemic, and COVID-19 has affected nearly all reaches of life, including the cryptocurrency industry. To add to the uncertainty, right in the middle of the pandemic the Bitcoin halving occurred. We’ve seen hash rates and the price of Bitcoin fluctuate in the past few months — is COVID-19…

October 31, 2020
Desperation Among Filecoin Miners Creating a Big Market for FIL Borrowing

The Filecoin network is facing liquidity problems, forcing some miners to borrow the native token at outrageous rates.

October 30, 2020
Italian man caught allegedly using airport computer systems for ETH mining

You can’t just mine crypto for profit using other people’s systems without them approving it.

October 30, 2020
‘Price follows hash rate’ — Bitcoin fundamentals drop may delay $14K

Echoes of June appear among miners, but the future could likewise produce a price rebound if history repeats itself.

October 29, 2020
Mempool Clog: Bitcoin Hashrate Drops 40%, Backlog Shows Over 100K Unconfirmed Transactions

The Bitcoin network hashrate has dropped significantly over the last four days sliding from a high of 161 exahash per second (EH/s) to 90 EH/s on October 27. Today, the Bitcoin hashrate has improved a hair as the network’s security is currently hovering around 100 EH/s. However, the mempool log of unconfirmed transactions has spiked…

October 28, 2020
Bitcoin price sees pullback, but bulls still marching toward $20K

Bitcoin’s price saw a 4% drop in the last 24 hours, but it’s unlikely to see a correction like in previous cycles for three reasons.

October 28, 2020
Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner

Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”. ▪ When fully installed, the new machines will…

October 27, 2020