Tag Archives: Miners

Monero Crypto Network Plans Fork to Buck ASIC Miners Once and For All

Developers of the privacy-cryptocurrency Monero have announced they’ll be “forking” (making code changes to) their network, changes that will reportedly make it impossible for “miners” using powerful ASIC-chip-laden machinery to process transactions on the network, Blockchain Reporter states. Continue reading Monero Crypto Network Plans Fork to Buck ASIC Miners Once and For All

Ethereum Postponed its Hard Fork, But Some Miners Didn’t Listen

On January 15, Ethereum’s developers put out a security alert that they were postponing the scheduled Constantinople upgrade. Not everyone made the appropriate changes, however, and there is a currently a parallel universe of Ethereum mining. A “chain split” has occurred, and some miners are mining the unofficial Constantinople chain without consensus from the majority of the network. Continue reading Ethereum Postponed its Hard Fork, But Some Miners Didn’t Listen

Bitcoin Miners are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence

To some observers, the video and images demonstrated that crypto miners — even those located in China, where low energy rates provide greater profit margins — were beginning to feel the pinch from bitcoin’s prolonged bear market. If miners were dumping ASICs on the street, it not only meant that the bitcoin price had reached their “shutdown-mark,” the point at which miners can no longer turn a profit running the machines, but also that they didn’t think these devices would ever be profitable again. Continue reading Bitcoin Miners are Selling Old ASICs for Scrap Metal as Price Decline Hastens Obsolescence