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“# Bitcoin miners back hash rate derivative DeFi project on BSC ” A group of Bitcoin (BTC) mining companies have put their weight behind Standard Hashrate and its recently launched TAU Protocol, a synthetic asset platform using hashrate derivatives for its peg mechanism. Announced on Friday, the TAU project aims to create algorithmic versions of…
“# Pakistani province to pilot crypto mining farms ” The Pakistani province of Khyber Pakhtunkhwa, or KP, has formed a federal committee to create a new cryptocurrency policy including government-backed crypto mining. As part of the new policy, the KP Crypto Advisory Committee has already decided to pilot two hydroelectric-powered crypto mining farms, a minister…
“# Bitcoin mine heat-recycling firm MintGreen closes seed round led by CoinShares ” Sustainable crypto mining firm MintGreen has completed its seed investment round, with top digital asset manager CoinShares leading the round. A portion of the funds will likely be used to support two pilot projects intended to showcase how MintGreen’s proprietary technology can…
“# Ethereum at a crossroads: Ether community turmoil over miner reward fees ” The EIP-1559 is a network upgrade that seeks to send a small fraction of the fee associated with all ETH transactions directly to the network. The tokens will be subsequently burned, thereby reducing the overall number of coins in circulation at any…
“# RTX 3060 Ether mining accidentally unlocked by Nvidia’s own update ” A software update released by Nvidia inadvertently bypassed the Ether (ETH) mining block the firm placed on its own GeForce RTX 3060 graphics card. A spokesperson for Nvidia confirmed on Tuesday that the latest 470.05 driver update was mistakenly released with code intended…
“# New EIP hopes to quell tensions between Ethereum’s miners and developers ” A new Ethereum Improvement Proposal, or EIP, has emerged amid opposition from miners to scheduled changes to the network’s fee market. While some are looking to the proposal as a means to cool flaring tensions between Ethereum’s miners and developers, the EIP…
“# The use of blockchain tech should be more environmentally friendly ” It is no longer news that the United States has restated its commitment toward lowering carbon emissions and taking an active part in the quest to normalize environmentally friendly measures on the global scene. This drastic shift in policymaking will spur the introduction…
“# Dogecoin mining announcement crashes streaming company’s website ” Hello Pal, a Canadian social platform has said that its website suffered a temporary outage back in February. According to a press release issued by the company on Thursday, the incident occurred shortly after it announced significant investments in Dogecoin (DOGE) and Litecoin (LTC) mining. At…
“# Eth2 transition accelerates amid rumblings of a miner rebellion ” Ethereum’s developers appear to be hastening the network’s shift toward Proof-of-Stake consensus and away from the Proof-of-Work mining community. On March 11, developer “Mikhail Kalinin” published specifications for Eth2’s future blockchain merge with the existing Ethereum network. The documentation notes the consensus upgrade from…
“# Ethereum miners plot hash-power ‘show of force’ against EIP-1559 ” Some Ethereum miners are trying to drum up support for a demonstration of force to show their opposition to the impending implementation of EIP-1559. Amid the backdrop of ever-escalating Ethereum fees, the Ethereum Improvement Proposal seeks to replace the network’s existing bidding-based fee market…