Tag Archives: Mining

Ethereum Mining in the Era of ASICs

Ethereum mining may be reaching the end of its life
The Ethereum network has been growing steadily and hashrate and difficulty on the network have blossomed over the last few months as mining has expanded and more entrepreneurs get in on the action. Both metrics have just about doubled since the beginning of 2018 (which makes sense, as they are designed to closely track each other) though some attribute the speedy increase to the secret introduction of ASIC miners by Bitmain before officially releasing the technology for sale. Continue reading Ethereum Mining in the Era of ASICs

Ethereum Mining Helping Drive Computing Boom

Google co-founder Sergey Brin credits ethereum mining with playing a central role in the recent “boom in computing” that is helping drive a “technology renaissance.” Brin made the statements in a glowing letter to investors, where he gushed, “We are truly in a technology renaissance, an exciting time where we can see applications across nearly every segment of modern society.” Continue reading Ethereum Mining Helping Drive Computing Boom

Crypto Farm With 6000 Miners Shut Down In Russia For Overdue Electricity Bill

Russia’s Ministry of Internal Affairs (MIA) officers have arrested two men that were allegedly involved in a cryptocurrency mining operation in Orenburg city for not paying for several million kilowatt-hours of electricity. The farm hosted more than 6,000 mining devices, as reported by local media outlet Lenta.ru Wednesday, April 11. Continue reading Crypto Farm With 6000 Miners Shut Down In Russia For Overdue Electricity Bill