Ethereum miners are signaling their disapproval of a technical proposal advocated by top Ethereum developers, a new survey shows. Eight of the nine mining projects partaking in a community survey on Ethereum Improvement Proposal (EIP) 1559 had a negative impression of the proposal, with seven of the nine saying they would refuse to implement the …
New Ethereum Fee Model Has Some Miners Crying Foul: Survey Read More »
Derivative exchange BitMEX’s legal issues with U.S. regulators took a toll on bitcoin’s price while DeFi gave Ethereum miners more fee revenue than ever. Bitcoin (BTC) trading around $10,582 as of 20:00 UTC (4 p.m. ET). Slipping 1% over the previous 24 hours. Bitcoin’s 24-hour range: $10,427-$10,931 BTC below its 10-day and 50-day moving averages, …
Market Wrap: Blame BitMEX as Bitcoin Dumps to $10.4K; Record Month For Ethereum Fees Read More »
Bitcoin is looking bearish while Ethereum miners are reaping more fee revenue than ever before. Bitcoin (BTC) trading around $11,298 as of 20:00 UTC (4 p.m. ET). Slipping 3.8% over the previous 24 hours. Bitcoin’s 24-hour range: $11,102-$11,786. BTC below its 10-day and 50-day moving averages, a bearish signal for market technicians. Bitcoin trading on …
Market Wrap: Bitcoin Dips to $11.1K; Ether Mining Difficulty at Year High Read More »
The daily income earned by Ethereum miners has soared by over 60% in a month, shows data tracked by Ethereum mining pool Sparkpool. The surge in daily profit from Ethereum mining surge has also outpaced ether’s (ETH) price jump of 40% over the same period. The profitability rise comes thanks to soaring transaction fees on …
Ethereum Miners’ Income Soars by 60% in a Month – Outruns Ether’s Price Jump Read More »
The Takeaway: Demand to transact on the Ethereum blockchain has pushed fees to uncomfortable levels. A new technical proposal helps address high fees by implementing a dynamic pricing system. Called EIP 1559, Ethereum users would now pay a set “base fee” to the network plus a tip to miners. One technical observer calls it “the …
Ethereum Developers Consider New Fee Model as Gas Costs Climb Read More »
Chinese Government Crackdowns and Cheap Hydropower- Miners Migrate from North to South China China-based bitcoin miners have started to migrate southbound from North China, according to local reports. The operators are having difficulties and are transitioning mining facilities for cheap hydro-powered electricity. Testimonials also show that 64 mining operations in the prefecture in … read …
Ethermine Mining Pool Cashes in Its $2.6 Million Ethereum Fee Windfall Read More »
