Despite Ethereum’s historic transition to a proof-of-stake (PoS) consensus mechanism, mining pools are increasingly signing up for mining on the upcoming proof-of-work (PoW) version of Ethereum. EthereumPoW, the community advocating for ETHPoW, or the PoW Ethereum version, has released a list of mining pools that are going to continue mining after the ETHW mainnet launch. According to EthereumPoW, some major Ethereum mining pools are going to continue mining despite Ethereum’s switch to the eco-friendly PoS consensus mechanism. At the time of writing, the list of ETHW mining pools composes a total of 19 various mining pools, including F2Pool, Poolin, AntPool, …

The price of cryptocurrency mining hardware is likely to continue falling in the near future amid the ongoing crypto winter, according to an executive at major Bitcoin (BTC) mining pool F2Pool. Supporting 14.3% of the BTC network, F2Pool is one of the world’s biggest Bitcoin mining pools. On Tuesday, F2Pool released its latest mining industry update. Focusing on June 2022 BTC mining results, F2Pool’s report noted that the majority of Bitcoin mining companies like Core Scientific have opted to sell their self-mined Bitcoin recently. Bitfarms, a major Canadian BTC mining firm, sold 3,000 Bitcoin, or almost 50% of its entire …

The Taproot upgrade has achieved the first significant milestone on the road to activation as 90% of the Bitcoin (BTC) mining hash rate signaled for the protocol improvement within the current difficulty epoch. Data from Taproot.watch, a webpage created by Bitcoin developer Hampus Sjöberg, shows the lock-in stage is now completed. All recognized mining pools signaled for the upgrade with Slush Pool being the first to do so. It is perhaps fitting that Slush Pool also mined block 687285 that sealed the Taproot lock-in. TAPROOT LOCKED IN AT BLOCK 687285 BY SLUSHPOOL pic.twitter.com/FFDdibtmGt — pourteaux (@pourteaux) June 12, 2021 AntPool …

Foundry, a wholly owned cryptocurrency mining subsidiary of Digital Currency Group, or DCG, has entered the top 10 largest Bitcoin (BTC) mining pools in the world. The firm's CEO, Barry Silbert, announced the news on Tuesday, predicting that Foundry will soon break into the top five mining pools list. At publishing time, Foundry has a total hash rate of 2.74 exahashes per second, according to data from block explorer BTC.com. The mining pool is responsible for 1.85% of the total global hash rate. The news comes shortly after Silbert announced that global Bitcoin miners will be able to join the …

Bitcoin (BTC) fell to lows of $28,950 on Jan. 22 thanks to miners likely selling huge amounts of their holdings — but big buyers made sure that the dip was minimal. According to data from on-chain monitoring resource CryptoQuant, the past few days saw vast outflows from mining pools, which in turn corresponded to BTC/USD shedding 20% in a week. Daily outflows from miners associated with F2Pool hit 10,000 BTC It's important to note that F2Pool is not a miner, but rather a service provider that Bitcoin miners use to coalesce their resources. Beginning on Jan. 15, outflows from these …

For the past several months, miners around the world have been extremely active, which can be seen through spikes in hash rates that coincided with a significant increase in the prices of cryptocurrencies. At the beginning of 2020, Ether (ETH) could be bought for $130, and now, ETH has reached $500. The king of cryptocurrencies, Bitcoin (BTC), added almost a cool $10,000 to its price. So, how can users engage with the industry? What has been obvious for some time now is that solo mining is not the way to go. For Bitcoin, Ether and every major altcoin, the blockchain …

F2Pool, a Chinese mining pool that recently mined an Ether (ETH) transaction with an abnormal transaction fee of 2,310 ETH, has returned 90% of the fee to its sender. Announcing the news on June 18, F2Pool said that the MiningPoolHub, the original owner of the address behind the transaction, has received back 2,079 ETH, or about $480,000. The mining pool specified the transaction ID showing that F2Pool has returned the amount to its original owner. In order to complete the reimbursement transaction, the original address holder had to sign the new address using the private key of the original address. …

Questions about Bitcoin’s security cropped up on May 18, when the F2Pool mining pool mined six consecutive blocks on the BTC blockchain, covering block numbers 630804 to 630809. With many exchanges and other Bitcoin-related services relying on just three confirmations before extracting funds, some asked whether this is still secure enough. Is mining hash power becoming centralized? As Cointelegraph reported, since last week’s Bitcoin halving event, hashrate on the network has dropped 30%. This is largely due to the reduced reward for miners, making mining unprofitable on older machines or where margins were already tight. However, the distribution of this …

Why did Bitcoin fork and split? The inability of the community to find consensus regarding a proposal to increase the block size resulted in a user-activated hard fork of the Bitcoin blockchain in August 2017. While numerous proposals advocating a change to the block size limit had failed to gather the support required to manifest change, transaction fees had skyrocketed by mid-2017. During August 2015, the average BTC transaction fee was just $0.50. However, by June 2017, median fees had increased 10x to approximate $5. With nearly half of the world’s population living on less than $5.50 per day, high …

The CEO of China-based crypto mining pool F2Pool posted a company-branded infographic September 6 that indicates at what minimum price points the mining of various cryptocurrencies becomes unprofitable. Shixing Mao, co-founder and CEO and of the world’s sixth largest mining pool F2Pool, published a list of price levels for major cryptocurrencies, such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Zcash (ZEC) below which mining said currency with various different miners allegedly becomes unprofitable. According to Mao’s graphic, if Bitcoin’s price hits lower than 36,792 yuan (about $5,376) point, this would mean that mining the cryptocurrency on an Antminer T9 …

Bitcoin mining pool F2pool has become the latest signatory to U-turn on its commitment to the controversial SegWit2x hard fork. Following wallet provider Bitwala, F2pool’s Wang Chun said he “didn’t pull out of anything” and had only voiced support for the project “until July.” I didn't pull out of anything. I told @JihadWu long time ago that I would support segwit2x only until July. Now it is September. pic.twitter.com/L6777re9tP — Wang Chun (@f2pool_wangchun) September 1, 2017 The news marks another blow for Barry Silbert’s New York Agreement, which has faced trouble with consensus since its inception. SegWit2x was originally due …

Three of China 's biggest mining pools – F2Pool, BTCChina Pool and Huobi Pool – maintain that the Bitcoin Core development team should strive for consensus, and will therefore not support a switch to Bitcoin XT. Given Core developer Gavin Andresen's latest proposal and the current hash-rate distribution on the Bitcoin network, a network wide shift from Bitcoin Core to Bitcoin XT to allow bigger blocks seems infeasible, for now. Lacking consensus among Core developers to raise the block size limit, Andresen has recently shifted his efforts to Mike Hearn's Bitcoin Core fork, Bitcoin XT. In a newly released proposal, …