Why Are Ethereum Miners Worried About The Merge?

2022-8-3 22:00

The upcoming Ethereum merge will switch the network consensus system into “proof of stake.” Here’s why miners are worried about it. Ethereum Miners Made $18 Billion In 2021, More Than Bitcoin Miners As per the latest weekly report from Arcane Research, ETH mining revenues totaled $18 billion in 2021, slightly more than Bitcoin miners’ $17 […]

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miners ethereum billion 2021 worried bitcoin merge

Источник: bitcoinist.com

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Bitcoin Energy Consumption Could Drive Innovation, Says Research Associate

Bitcoin (BTC)–By now, most within and outside of the industry of cryptocurrency are familiar with the narrative surrounding Bitcoin energy usage. The argument goes that as Bitcoin becomes a more popular choice in terms of digital currency, the increase of miners looking to capitalize on transaction fees and reward payouts will increase, thereby also raising […] The post Bitcoin Energy Consumption Could Drive Innovation, Says Research Associate appeared first on Ethereum World News.

2018-8-21 04:14


Research Shows Ethereum Blockchain Miners Get Paid Almost $2.5 Billion per Year

Research Reveals That Ethereum Miners Make $2.5 Billion On An Annual basis While the prices of Ethereum have been faltering and its network faced with endless scalability challenges, investors who mine the second largest digital currency somehow managed to rake in an annual payout worth a whopping $2.5 billion. As per a report published by […]

2018-8-20 19:56


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Governance, Part 2: Plutocracy Is Still Bad

Coin holder voting, both for governance of technical features, and for more extensive use cases like deciding who runs validator nodes and who receives money from development bounty funds, is unfortunately continuing to be popular, and so it seems worthwhile for me to write another post explaining why I (and Vlad Zamfir and others) do not consider it wise for Ethereum (or really, any base-layer blockchain) to start adopting these kinds of mechanisms in a tightly coupled form in any significant way.

2018-7-21 23:03


Notes on Blockchain Governance

In which I argue that “tightly coupled” on-chain voting is overrated, the status quo of “informal governance” as practiced by Bitcoin, Bitcoin Cash, Ethereum, Zcash and similar systems is much less bad than commonly thought, that people who think that the purpose of blockchains is to completely expunge soft mushy human intuitions and feelings in favor of completely algorithmic governance (emphasis on “completely”) are absolutely crazy, and loosely coupled voting as done by Carbonvotes and similar systems is underrated, as well as describe what framework should be used when thinking about blockchain governance in the first place.

2018-7-21 23:03


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Zcash Mining 400% More Profitable Than Bitcoin

Zcash (ZEC) is the most profitable cryptocurrency to mine, with expected returns far higher than other PoW coins like Ethereum (ETH) and Bitcoin (BTC). Data collected from cryptocurrency tools provider Anything Crypto suggests that at current difficulty levels, ZEC miners using the Antminer Z9 mini could expect an $8,000 return on their investment over a […] The post Zcash Mining 400% More Profitable Than Bitcoin appeared first on Crypto Briefing.

2018-7-13 18:28


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Виталик Бутерин предложил упростить механизм PoS в Ethereum

В своём недавнем обращении Виталик Бутерин предложил идею упрощения работы блокчейна Ethereum. Главная идея заключается в уменьшении количества подписей, которые требуются от валидаторов. Этот шаг поможет значительно облегчить и упростить функционирование сети, а также снизить комиссии за газ.

Capitalization of PoS altcoins fell to $254b

The total market value of cryptocurrencies using the proof-of-stake consensus algorithm decreased by 7% at the end of Q3 to $254 billion. Such estimates are provided by the Kraken-related platform Staked.