The upcoming Zcash halving could help ZEC to reduce its annual inflation rate and make the coin more profitable for miners. Reward halvings are a common element of many different forms of cryptocurrency, known to typically impact a coin’s supply, difficulty and price. For many cryptocurrencies, these halving mechanisms are embedded into the code in […]
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Former core Grin developer Gary Yu mined $118 worth of GRIN cryptocurrency in less than 24 hours with a Grin ASIC mining device. Grin (GRIN), a major privacy-focused cryptocurrency, is apparently no longer resistant to mining with Application-Specific Integrated Circuits — or ASICs — according to a former core developer. Gary Yu, a former core […]
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A contested election between president Alexander Lukashenko and Svetlana Tikhanovskaya leaves the future of crypto in Belarus in limbo. Protests have erupted in Belarus following the country’s presidential election on Sunday, but the possible continued presidency of Alexander Lukashenko may be good news for crypto. Lukashenko reportedly won re-election against opposition candidate Svetlana Tikhanovskaya in […]
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Open Price Feed could be a big step forward for Compound. The Compound protocol is set to introduce Open Price Feed — a decentralized oracle whose crypto market prices will allow the project’s lending system to function. The Open Price Feed is currently being tested on a variety of networks. It has operated for almost […]
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Bitcoin’s hash rate seems to be feeling the consequences of the drama at Bitmain. Bitcoin (BTC) mining activity doesn’t seem to be reacting to the recent price rally that took the asset from approximately $9,000 in early July to almost $12,000 at time of publication. According to data from Coinmetrics, hashrate spiked around July 7 […]
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Strategies from the world of traditional finance could offer promise for miners who want to lower the risk associated with holding inventory. To a newcomer, crypto mining may sound deceptively easy — essentially, a way to switch on a machine, walk away and watch the lucrative crypto rewards roll in. But the reality is a […]
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With more chips produced outside of Asia and more countries offering cheaper power, China’s mining dominance may not last said Jameson Lopp. China’s dominance in Bitcoin mining may not last as more mining chips are produced and other countries offer cheap power sources, said cypherpunk Jameson Lopp in a blog post. Lopp noted China has […]
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How Bitcoin’s third halving, Ethereum 2.0’s launch and the COVID-19 pandemic are affecting the crypto mining industry. Although over two months have passed since the halving happened on the Bitcoin network, the crypto mining industry is still heaving from the frantic pace of events that have followed suit. The rollercoaster of hash rates has left […]
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In the emerging global crypto economy, crypto mining is probably going to remain and even become more profitable in the upcoming years. Miner profitability metrics are based on a handful of factors regulating difficulty and emission, which are hard-coded into the blockchain’s attributes, making it predictable to work with. While predictability does not always immediately […]
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DeFi has been the name of the game since the start of the summer, but how much is the sector really growing? The hype surrounding decentralized finance is sometimes credited with triggering a wider market rally in July, as new protocols began releasing tokens that were immediately posting gains of many times their initial value. […]
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