Hey guys. I run the mining pool Ravenpool.ninja and Discord of the same name. Some of my miners were interested in running a Full Node for Ravencoin. I describe how to do this step-by-step for HiveOS, Linux, and Windows For full steps please read my Medium post Someone had a novel idea of running a…
Read more
The Ethereum Merge was an incredibly anticipated upgrade, with good reason. It not only drastically increased the number of transactions that the network could handle, but it also greatly diminished the energy consumption of the network. However, Ethereum miners have found themselves as collateral damage in the upgrade as there is no longer a need for their highly specialized mining hardware. Given this, ETH miners have had to find alternatives for this hardware. The Great Exodus In less than one hour, Ethereum miners, who had been one of the most important parts of the network, had found themselves obsolete. With the move from proof of work to proof of stake, there was no longer a need for highly sophisticated machines as the network now makes use of validators to confirm transactions. Related Reading: Here’s Why $80 Billion Was Wiped Off The Crypto Market Now that the Merge is complete, Ethereum miners are unable to mine the cryptocurrency and have instead moved to other GPU mineable tokens. This exodus from the Ethereum network has sent the miners into the arms of networks such as Ethereum Classic and Ravencoin. ETH falls to $1,500 | Source: ETHUSD on TradingView.com Ethereum Classic has proven to be a natural destination for the miners since it is a fork of the original ETH network. As for Ravencoin, the team had been pushing hard to onboard displaced ETH miners to its network. This move has seen interest increase in both networks and has triggered massive growth in both in such a short time. Ethereum Classic, Ravencoin Hashrate Soar At the time of this writing, it has only been a couple of hours since the Ethereum Merge was completed, but there are already massive changes happening across the market. As displaced ETH miners move into other coins such as Ethereum Classic and Ravencoin, both networks have seen their hashrate soar. In the last 24 hours alone, the hash rate has more than doubled across both networks. Ethereum Classic had already been recording accelerated growth since the date for the Merge was announced. On Wednesday, its total hash rate had sat around 52 TH/s, but by the early hours of Thursday, the hash rate had grown to more than 102 TH/s. Related Reading: Bitcoin ETF Inflows Returns After Abysmal Phase The same is the case for Ravencoin during this time. Similar to Ethereum Classic, its hashrate is up more than 100%, rising from around 7.4 TH/s on Wednesday to more than 14 TH/s on Thursday, after peaking at 14.8 TH/s. However, despite the move to these networks, it is still not enough to accommodate the total mining power of ETH. Experts estimate that all GPU mineable coins will only be able to absorb 15% of the total ETH hash rate before mining the coins stop being profitable. Featured image from Forkast, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
Do you see yourself as the next entrepreneur, prominent software developer or just someone looking to break into decentralised industries of the future? An exciting and upcoming Hackathon for the TRON community will allow you to not only win funding for your idea and project, but get noticed by industry big-wigs and also have the […]
I need to get crypto off exchanges but I’m tired of these horrible browser extension wallets. Every week on Reddit, we see people losing their funds because of some scam. I am looking for a wallet that has both great security and an intuitive UI. I know there’s a ton of discussion around web3 wallets.…
Read more
Now that the merge is complete, what will (data) sharding specifically do from a performance standpoint? Will it only affect L2s? By how much? submitted by /u/mybed54 [link] [comments]
AVAX had time to recoup from June to July and then in August, the token slipped and formed a bullish cup and handle pattern. AVAX intraday trading volume indicates a 38.7% plunge Avalanche sellers successfully reclaimes the 20-day EMA slope Trading volume skyrockets to 487 million Now, the pattern which can be spotted at the market bottom will serve as a feasible launchpad for the crypto’s recovery but in order to complete the pattern, the coin price should barrel past the $30.6 key resistance. With the reversal of the V-top formation seen at the key resistance level of $30.6, the AVAX coin price dropped to $18.4 of the Fibonacci retracement level. It is however beneficial for buyers who were able to position right at this level prompting a 25% spike to $22.53. On the other hand, the massive selloff happening in the crypto market hinders the recovery of AVAX price and threatens a further downtrend. The selloff that happened on September 13 has sloughed off the possibility of completing the pattern. Evidently, the downtrend that took place yesterday was triggered by the high CPI or Consumer Price Index data. Related Reading: Will Tron Tie-Up With Liquidity Provider Wintermute Boost TRX Price? AVAX Low Volume Hints At Bulls’ Weakness According to CoinMarketCap, AVAX’s price is down by 1.51% or trading at $18.84 as of this writing. The low volume seen with AVAX implies the bull’s waning commitment or weakness. In the event that the selling pressure intensifies, AVAX could suffer a slump to $18.3 and then try to breach under that level which can further extend the decline to match the $13.6 low support seen in June. Now, if the buyers are able to defend the support zone at $18.3, then the bullish movement may persist and the AVAX coin price will spike to $31.4. Avalanche’s EMAs show all indicators going down with the exception of the 50-day EMA which proves to be a hurdle to AVAX price. AVAX RSI shows a downtrend that heads under the midline hinting at a negative market sentiment. CEO Announces KKR $417-Billion Merger In other news, Emin Gün Sirer, Avalance (AVAX) Labs CEO announced on September 14 that KKR has made a $417-billion merger with Avalanche. With Securitize, a FinTech company, Avalanche can proceed with tokenization and accessibility to a wider range of markets. The partnership announcement has amplified social media metrics in the past few months. More so, AVAX social engagements escalated by 148.7%, plus also a surge of social mentions at 257.3%, as seen in the past three months. Further, the AVAX market cap has also spiked by 4.31% as seen in the past week with trading volume skyrocketing from 324.2 million on September 12 to 487 million to date. Related Reading: Cardano On White House Crosshair Can Push ADA Up This Route BTC total market cap at $384 billion on the daily chart | Source: TradingView.com Featured image from Cryptopolitan, Chart: TradingView.com
It is big step forward in energy saving. Blockchain enters a net era with the upgrade. This will revolutionise industry after industry. What more can you ask for. submitted by /u/WorldSpark [link] [comments]
The CFTC chair said that the Ethereum blockchain’s transition to proof-of-stake, despite reducing energy usage by more than 99%, may not go far enough in resolving the problem.
submitted by /u/cryptosperm [link] [comments]
I've been out of the loop for a while and haven't been following eth events. Any risk on my existing ERC20 tokens sitting in my hot wallet? Any move I should do to protect my assets ER20 assets? Thanks submitted by /u/soopersalad [link] [comments]
