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Bitcoin Markets Blood Red After Tesla Announcement, Crypto Economy Sheds Billions

13.5.2021
Digital currency markets have seen better days, as billions of dollars were shaved off the entire crypto-economy after Tesla revealed it would not be accepting bitcoin over environmental concerns. The entire market capitalization of all the crypto assets in existence has dipped under the...

Marathon Mines First OFAC Compliant Bitcoin Block

7.5.2021
Marathon, one of the biggest bitcoin mining dedicated companies in the U.S. and Canada, has mined the first OFAC compliant bitcoin block, only accepting transactions that comply with the directives of this government office. This has caused a stir in libertarian circles, that argue this can be...

Bitmain Reveals New Antminer E9 Ethereum Miner, ASIC Device Commands 3 GH/s Hashrate

26.4.2021
The cryptocurrency mining rig and ASIC chipmaker Bitmain revealed a new digital currency mining device that’s dedicated to mining ethereum. While the Ethereum network is slowly transitioning from proof-of-work (PoW) to a proof-of-stake (PoS) system, Bitmain’s new Antminer E9 aims to...

Ripple’s Chris Larsen Believes Bitcoin Dominance Could Fall Over Proof-of-Work’s Energy Consumption

25.4.2021
Ripple Labs cofounder Chris Larsen has a bone to pick with bitcoin and crypto networks that leverage proof-of-work (PoW). Larsen’s latest write-up explains that the crypto industry needs to reconsider PoW because of the effects on the environment. The Ripple executive believes that other...

Bittorrent Creator Bram Cohen’s Crypto Project Chia Sparks Hard Drive and SSD Shortages

25.4.2021
On May 3, tokens stemming from the Chia network, a smart transaction blockchain created by the Bittorrent creator Bram Cohen, will start trading and transactions will be fully enabled. Rather than leveraging the proof-of-work consensus algorithm, Chia will utilize a model called proof-of-space...

Algorand pledges carbon-negative blockchain

22.4.2021
Algorand and ClimateTrade are working on a sustainability oracle that would drive down carbon emissions

BTC Hashpower Swells: Bitcoin Network Touches 185 Exahash, Hashrate Climbs 18,400% Since 2016

19.3.2021
During the last week, the Bitcoin network’s hashrate has jumped to a record high of 185 exahash per second on March 14, 2021. The hashpower has relentlessly continued to rise, climbing a whopping 18,400% in five years since January 21, 2016. Bitcoin Price Jumps Over 1,500% in a Year, Hashrate...

Beeple Joins NFT Allstar Artists to Combat Climate Change with Charity Fundraiser

17.3.2021
Social Alpha Foundation is set to auction works from top NFT artists on the Nifty Gateway to support Open Earth Foundation’s efforts to bring open digital solutions designed to address climate-related issues. Auction Sponsor Render Network To Donate Carbon Credits To Offset NFT Impact...

Privacy-Centric Cryptocurrency Firo Suffers 51% Attack on Its Network

23.1.2021
The proof-of-work (PoW) cryptocurrency Firo announced that its protocol came under a 51% attack, notifying its holders to stop transactions. Formerly known as Zcoin, the privacy coin was reportedly subject of a blockchain reorganization attack. Firo Team Clarified the Attack Cannot Be Attributed...

Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System

20.1.2021
While bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen...

Proof-of-Work and Yield Farming: Binance and Poolin Launch Tokens Backed by Bitcoin Hashrate

14.1.2021
There’s a new type of token gaining popularity in the crypto space with the launch of coins that are backed by a specific amount of proof-of-work (PoW) hashrate. On January 6, 2021, Binance launched a new project called the bitcoin standard hashrate token (BTCST), a coin that represents...

Valid Points: Forget Staking, There Are Still Coins to Be Mined on PoW Ethereum

23.12.2020
Ethereum miners are making investments to maximize profits before mining becomes obsolete and gets replaced by validating on Ethereum 2.0

Mining Rig Makers Race to Create Next-Gen Ethereum Miner Before Staking-Only Kicks In

21.12.2020
The Ethereum network’s 2.0 transition has pushed the protocol to become one of the largest staking networks in the world with 1,683,905 ether locked into the contract worth $1 billion today. According to reports from China, while proof-of-work ethereum miners have two years left to mine...

Network Landmarks, Derivatives Records- 2020 Bitcoin Metrics See a Number of All-Time Highs

3.12.2020
While the price of bitcoin has spiked to levels not seen in three years a number of other factors show that the current run-up is similar to the 2017 bull run. Active bitcoin addresses have neared all-time record highs, while the network’s hashpower has remained high as well coasting along...

OECD calls out countries for their inconsistent rules on crypto taxation

14.10.2020
The report suggests giving preferential tax treatment to PoS over PoW-based crypto assets

POW

30.9.2020
As a connoisseur of web trickery, this is a must share: POW stands for Packaged Offline/online Webpage. It turns out the png format includes ways to save metadata alongside the image file. A powfile has a metadata entry that contains a zip file that contains a full website. So a PNG file...