Miners

Ethereum miners are increasing the network’s gas limit by 25%

Ethereum miners are increasing the network’s gas limit by 25%

Miners on Ethereum are currently in the process of increasing the network’s gas limit from 10,000,000 to 12,500,000 in response to increased network utilization. Users pay gas fees to include transactions in an Ethereum block. The network’s block size is bounded by the amount of gas that can be spent per block, which was previously …

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Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish

Miners Are Selling More of Their Bitcoin. That May Actually Be Bullish

Despite Tuesday’s sudden price decline, miner flows suggest the bitcoin market remains strong. The biggest cryptocurrency by market value fell 8% from $10,137 to $9,298 in less than 5 minutes during Tuesday’s U.S. trading hours, dashing hopes for a continued upward move.  The price drop, however, has not deterred miners from running down their inventory.  …

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Bitcoin hashrate futures go live on FTX exchange, for miners to hedge their risks

Bitcoin hashrate futures go live on FTX exchange, for miners to hedge their risks

Crypto derivatives exchange FTX has become the first notable platform to launch bitcoin hashrate futures. These products help miners to hedge against bitcoin’s mining difficulty adjustments. FTX’s bitcoin hashrate futures settle to the average bitcoin mining difficulty over a period of time, meaning they roughly represent the total hashrate being used to mine bitcoins. “It’s …

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How the World's Largest Mining Pool Is Helping Miners 'De-Risk'

How the World’s Largest Mining Pool Is Helping Miners ‘De-Risk’

“There have been days that F2Pool has lost 100 BTC in terms of having to pay miners without mining blocks themselves, but over a long period of time and with a significant amount of network hashrate those ups and downs even out,” said Thomas Heller, the mining pool’s global business director. F2Pool is the largest …

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Bitcoin Halving: How Miners Prepare for Lower Block Rewards

Bitcoin Halving: How Miners Prepare for Lower Block Rewards

As the latest Bitcoin halving approaches, miners are upgrading equipment, optimizing arrangements, conserving power and more in the race to dominate. How are bitcoin (BTC) miners strategizing for the upcoming halving event, in which block reward subsidies will be cut by 50 percent? On this week’s episode of “Bitcoin Halving 2020: Miner Perspectives,” Kristy-Leigh Minehan …

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Bitcoin Halving 2020: Miners in China Brace For Impact

Bitcoin Halving 2020: Miners in China Brace For Impact

Hosted by CoinDesk Research Analyst Christine Kim, the first episode of the Bitcoin Halving 2020 podcast series is about the impact of bitcoin’s third halving on the concentration of miners in China. In about 40 days, the world’s first and largest cryptocurrency by market capitalization, bitcoin (BTC), will undergo a pre-programmed block reward reduction known …

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