Keeping Consensus: Explaining Ethereum’s Difficulty Bomb

Ethereum’s difficulty bomb is a tool for maintaining network consensus between all classes of participants. This is a challenging task for Ethereum compared to Bitcoin, which performs frequent backwards-incompatible hard-forks. The most significant of these – Ethereum 2.0 – is yet to come. When it does, the difficulty bomb will be crucial in ensuring the community’s smooth transition to the new protocol. Review: Ethereum 2.0 and Proof Of Stake To understand the necessity of the bomb, we must review some…

Bitcoin Dips Below $40k, Approaches ‘Death Cross’

It's been a lousy week for Bitcoin. First, the largest crypto dipped below $40,000 as crypto markets lost $1 trillion in market cap. Technical indicators are not looking good either. Bitcoin metrics are approaching the so-called "death cross." The ominously named technical indicator triggers BTC's 50-day moving average fell below the 200-day moving average. Typically, the indicator signals an even more bearish turn for the asset. It is usually a signal that investor sentiment has shifted lower in traditional markets.…

Crypto Miners Not Leaving Kazakhstan, Despite Chaos

As Kazakhstan is in turmoil, crypto mining has come to a standstill. Yet, Kazakhstan's crypto miners are not planning to leave the country just yet. BIT Mining, a large mining company in Kazakhstan, is still evaluating the situation in the country. However, they don't believe they will have to evacuate just yet. It is unlikely that our mining machines will be evacuated to North America Mining came to a standstill in the country after authorities shut down the internet amid…

Mining, Day Trading, or Hodling – Which One is More Lucrative to Earn with Cryptocurrencies?

The cryptocurrency world has its share of success stories and tales of bankruptcy – including scams. However, for over a decade since cryptocurrencies became a reality, the sector has advanced rapidly to the present day solid, stand-alone market. Knowing how to invest in cryptocurrency may seem complicated, especially for beginners in trading, but it can be a profitable venture with the correct information. In today’s guide, we will focus on mining vs. day trading vs. hodling; thus, read on to…

Just Mining – A One-Stop Cryptocurrency Mining Solution

Just Mining is a trusted Proof-of-Stake (PoS) infrastructure provider and Validator that’s geared towards beginners. The platform offers various services, including cloud mining, hosting, staking coins, and Masternode creation. Additionally, Just Mining is involved in the sale and production of altcoin mining rigs. According to company documentation, Just Mining is the largest farm in France. The platform operates a multitude of different Validators across a variety of PoS and DPoS blockchains. Here are some of the main problems that Just…

Private Cryptocurrency Firo Faces Doom Following a 51% Attack

Firo, the privacy-backed crypto formerly known as Zcoin, is under a 51% attack. On 20 January, it announced the attack on its protocol on Twitter while stating the nature of the error. Firo pleaded with owners to hold off any transactions while the firm addressed the issue. A single miner took advantage of the attack and reorganized blocks on the network. Changpeng Zhao, Binance’s CEO, stated that the block rearrangement resulted in a rollback of over 300 blocks. Firo’s team…

Russian Man Suffers Severe Burns After Bitcoin Mining Went Wrong

A severe fire outbreak gutted a poorly ventilated Bitcoin mining farm in Russia. According to reports from the Ministry of Emergency of the city, the fire outbreak started during the late hours of Tuesday in an apartment used for the mining operations. Poorly Organized Bitcoin Farm The fire started from the overheated mining equipment caused by the poorly established mining farm in a seven-room communal apartment located at Petrogradsky District, St. Petersburg. The farm owner failed to include a proper…

Excess Power Produced By Nuclear Plants in Ukraine to Be Used for Digital Currency Processing

Digital currencies have come to stay and governments worldwide are finding means to adopt them for various reasons. Some are seeing digital currency transaction processing as an activity that is likely to pay off in the future. In recent times, Ukraine’s Ministry of Energy and Environment recommended the utilization of the excess power produced by nuclear power plants for processing digital currency in the country. Currently, there is production of excess energy by power plants in the country because COVID-19…

Cryptocurrency Mining Pools – All You Need to Know About Them

Crypto mining is the practice through which transactions are confirmed and added to a blockchain public ledger. It has always been one of the most attractive endeavors in the world of Bitcoin. Crypto mining entails verifying transactions, which is time-consuming and computing power-intensive calculations. Miners then get rewarded for their efforts, usually with tokens of the cryptocurrency. As much as the yield from mining might vary, for some, it has a greater appeal than buying bitcoins. Technologically, mining is a…

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