How to crypto
A fraternity-based approach to mine crypto, mining pools let miners combine their computational resources for a better chance to win rewards.
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Mining Pools News
A mining pool is an association of miners that combine their computing resources to mine cryptocurrency blocks and split the reward equally, according to the contributed amount of work. Mining pools became necessary when the difficulty of proof-of-work cryptocurrency mining increased so much that it became impossible for the average miner to mine a full block. The growing difficulty led to the establishment of the first mining pools for Bitcoin. Today, Bitcoin mining pools are the most influential communities in the Bitcoin network and are the major organs that decide whether new forks should be implemented. There are also Ethereum mining pools, Litecoin mining pools and mining pools of other major cryptocurrencies that are too hard to mine alone. There are also mining multipools that switch from one cryptocurrency to another when it becomes more profitable to mine.
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Compute North’s hosting partner Compass Mining has stated that the firm will continue to operate business as usual at this stage.
6227 - Newsletter
Here’s a review of the possible new trends that will drive the crypto market in the post-Merge era.
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"Our priority, for the time being, is to resume withdrawals of as many coins/tokens as possible," said Poolin.
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The Canadian mining operator has managed to HODL through tough market conditions while other miners have sold holdings to manage operational costs.
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“We will make a snapshot of the remaining BTC and ETH balances on pool on September 6th to work out the balances," said Poolin.
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$20,000 is becoming the “new” resistance for BTC price even though multiple indicators are screaming “buy.” Analysts share their views on the future of Bitcoin price.
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While Bitcoin and Ether prices may have climbed lately, Bitcoin mining companies have been absolutely pumping.
6212 - Analysis
Blockchain technology is on its way to being considered by organizations as a way to reduce carbon emissions and improve the environment.
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The Bitcoin mining company plans to expand its fleet of mining devices, coming on the back of staff lay-offs and executive salary cuts just weeks before.
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The Bitcoin mining firm is looking beyond its current troubles into next year to secure the energy it needs to make up a more significant portion of the network’s hash rate.
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With China out of the competition, the U.S. picked up the slack to become the highest BTC hash rate contributor — representing 37.84% of the total mining power by Jan 2022.
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The meteoric drop in GPU prices opened up a small window of opportunity for small-time miners to procure a piece of more powerful and efficient mining equipment.
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Marathon had a particularly rough production month in June after 75% of its fleet went down. It’s still uncertain when its mining facilities will be able to come back online.
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Beset with multiple challenges, Bitcoin miners continue to liquidate their reserves, and a handful are selling more BTC per month than they make, but is there a silver lining?
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