Tag Archives: Miners

Bitcoin’s Difficulty Falls As Miners Capitulate

On Monday, bitcoin’s mining difficulty adjusted itself down by 7%, making it easier for miners to solve algorithms, and thus mine blocks. As to why this occurred, it appears to be in conjunction with bitcoin’s recent price drop. Mining difficulty is set to reconfigure itself every 2016 blocks, or roughly every two weeks. Difficulty modulates based on how long it took for miners to discover the previous 2016 blocks. If it takes longer than two weeks, the difficulty is tuned down, and vice versa. Continue reading Bitcoin’s Difficulty Falls As Miners Capitulate

Crypto-Friendly Quebec Discounts Electricity, Luring Bitcoin Miners into Canada

Canada aims to lure cryptocurrency miners by offering cheap electricity in Quebec. The city’s energy authority, Régie de l’énergie,
has asked its largest power provider to set aside an additional 300 megawatts of discounted energy for new bitcoin mining
projects. Continue reading Crypto-Friendly Quebec Discounts Electricity, Luring Bitcoin Miners into Canada

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