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“# Yet another solo Bitcoin miner solved a valid block, earning a reward worth over $220,000 ” Another Bitcoin (BTC) miner from the Solo CK mining pool has solo mined a new block on the Bitcoin blockchain, earning a block reward of 6.25 BTC (over $220,000 at current prices) as a result. The event took…
“# Bitcoin records all-time high network difficulty amid price fluctuations ” The Bitcoin network difficulty is determined by the overall computational power, which co-relates to the difficulty in confirming transactions and mining BTC. As evidenced by the blockchain.com data, the network difficulty saw a downfall between May and July 2021 due to various reasons including…
“# Individual ETH miner hits jackpot with $540K block reward ” An individual Ether (ETH) miner struck it big by mining a block on their own and receiving a reward valued at about $540,000. The miner was operating through the 2miners Ethereum SOLO pool on Jan. 17 when they mined an entire block and received…
“# ‘1 in a billion’: Second tiny miner solves a block ” In an astonishing turn of events, two lucky miners from the Solo CK mining pool have defied all odds and added a new block on the Bitcoin blockchain in the same week. On Monday, a tiny miner successfully solved a block with a…
“# Kosovar government halts crypto mining amid power crisis ” The government of Kosovo has ceased crypto mining in the country owing to power constraints during the winter season. Kosovo’s Minister of Economy, Artane Rizvanolli, has decided to stop crypto mining following a recommendation from the Technical Committee on Emergency Measures for Energy Supply, according to…
“# Bent Finance confirms pool exploit, advises investors to withdraw funds ” Staking and farming platform Bent Finance joins the list to become the sixth crypto establishment to get hacked in December. The acknowledgment of the attack was followed by requesting investors to withdraw their pool funds and disabling the reward claims on the compromised…
“# Bancor introduces new staking pools and instant impermanent loss protection ” Decentralized automated market maker (AMM) Bancor is set to launch new staking pools and an upgrade to its impermanent loss protection mechanism as part of its long-awaited Bancor 3 update. Bancor was founded in 2017 and was the first DeFi protocol to introduce…
“# Foundry USA becomes second-largest Bitcoin mining pool amid China ban ” New York-based crypto-mining service provider Foundry USA takes the lead to become the world’s second-largest Bitcoin (BTC) mining pool after taking up a 15.42% share of the network. Data from BTC.com shows that Digital Currency Group-owned Foundry USA stands behind the pool leader…
“# Amount of ETH held by miners reaches highest level since 2016 ” The amount of Ethereum that is being held by miners has reached record levels in U.S. dollar terms as they remain reluctant to sell. The balance held by Ethereum miners is the largest it has been since shortly after the network was…
“# Another Ethereum mining pool forced to close due to China crackdown ” BeePool, the fourth largest Ethereum mining pool, is closing amid China’s crypto crackdown. The China-based Ethereum mining pool announced on Tuesday it will suspend operations “in response to the latest regulatory policies.” Effective immediately, the registration of new users and the addition…