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Enegix Global Builds Natural Gas-Powered 80 MW Crypto Mining Center in Brazil


Cryptocurrency mining company, Enegix Global, has announced the construction of a new 80 MW data center in Brazil, marking a significant expansion of its operations. The two-phase project, set to launch its initial 20 MW phase in September 2024, will operate on natural gas with an uptime of 96%....

Ethereum gas prices and Bitcoin miner revenue near record lows


Bitcoin mining revenue per hash also witnessed record lows, and the impact of the recent halving event is visible in the trend. The median price of gas has sharply dropped, and Ethereum is currently experiencing slight inflation and a slow burn rate. Recently, miners’ revenue has shown...

How Ethereum’s gas fees shape blockchain transactions


The fee needed to complete a transaction or a contract transaction on the Ethereum blockchain is called gas. Fees are denominated in ether, a small fraction of cryptocurrency-(ETH) called gwei (10-9 ETH). The resource provider is paid using “Gas” to validate the transaction’s consumption....

Vitalik Buterin proposes an Ethereum upgrade protocol with a new gas model


Vitalik Buterin, one of the inventors of Ethereum, has envisioned reshaping the gas fee structure on the blockchain through a proposal called EIP-7706. Creating a new category for call data is the main objective of this agreement, which aims to reinvent the way transaction fees are computed...

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