The Cambridge Centre for Alternative Finance (CCAF), which tracks the electricity consumption of Bitcoin (BTC) mining, added the sources of energy in a major update on Sept. 27. According to the data, the sustainable electricity mix in bitcoin mining declined ...
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Miners flee PoW tokens as token prices tank, GPU value flounders
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Crypto miners who initially flocked to GPU-compatible proof-of-work tokens after the Ethereum (ETH) Merge are fleeing those networks after the value of their tokens fell, according to available data. Ethereum Cash Ethereum Cash (ETC) has seen its hash rate drop ...
Bitcoin mining firm Compute North files for bankruptcy, CEO resigns
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Bitcoin (BTC) mining data center operator Compute North filed for Chapter 11 Bankruptcy, adding that CEO Dave Perrill resigned earlier in September. The firm reportedly owes $500 million to about 200 creditors and has assets valued between $100 and $500 ...
Zilliqa launches web3 gaming console with in-built miner and crypto wallet
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Gaming-focused blockchain, Zilliqa announced that it has launched a web3 gaming console prototype with an in-built crypto miner and web3 wallet. The layer-1 network stated that the move is designed to “onboard millions of non-crypto natives into the blockchain gaming ...
Maple Finance launches $300M lending pool for Bitcoin mining firms
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Institutional crypto lending protocol Maple Finance teamed up with Icebreaker Finance to launch a $300 million lending pool to finance accredited bitcoin mining firms across North America, Canada, and Australia. The lending pool launched on Sept. 20 and targeted mid-sized ...
Ethereum vanity address generation tool Profanity may be cause of Wintermute hack
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The Ethereum community is reviewing the nature of the recently announced $160 million Wintermute hack and has stumbled upon a potential attack vector. One of Wintermute’s addresses has the properties of a vanity address which could be the root of the ...
Ethereum PoW loses 200 WETH to Omni bridge vulnerability exploit
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A replay attack against Omni bridge resulted in a hacker exploiting 200 WETH from the Ethereum PoW chain. On Sept. 18, security firm BlockSec identified a replay attack launched against the Ethereum PoW chain. The attacker transferred 200 WETH from ...
GrayScale Investment moves to sell all ETHPOW tokens
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GrayScale Investment has announced plans to sell ETHPoW tokens it received from the PoW hard-fork following Ethereum’s transition to proof-of-stake (PoS). Shortly after the Merge on Sept. 15, miners hard-forked Ethereum to launch the Ethereum PoW network. As proposed, ETHPoW tokens were ...
Ethereum Classic hashrate surges to over 200 TH/s post-Merge
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Ethereum Classic is getting a fair share of the miners who can no longer mine Ethereum after its consensus mechanism was changed to proof-of-stake following completion of the Merge. The surge of PoW miners into Ethereum Classic post-Merge has increased ...
Bitcoin mining difficulty expected to reach new all time high
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Bitcoin’s (BTC) mining difficulty will reach a new all-time high by 8:21 PM GMT on Sept. 13, as Glassnode data analyzed by CryptoSlate predicts a 3.5% increase within the next few hours. Bitcoin: Mining Difficulty (Source: Glassnode) The mining difficulty ...