Blockchain & crypto news from India
Two major events this week have set new expectations in the otherwise lacklustre cryptocurrency industry hit hard by scams and hacking. The Ethereum chain had moved earlier to the eco-friendly PoS system for validating transactions, but the validators cold not withdraw their staked Ether. The recent Shanghai upgrade now allows them to do so. In…
After a damp affair with its switch to a POS based blockchain, Ethereum’s next big step as far as staking is concerned is the upcoming Shanghai upgrade, expected to happen sometime in March this year. As a preparatory move, the second most important crypto after bitcoin has moved closer to the aim with a shadow…
A hub of crypto mining, the New York State has cleared a bill to restrict crypto mining that uses POW mechanism used by blockchains like bitcoin. It is the first state to pass the law to ban some forms of crypto mining which has been under fire for its impact on the environment. A blockchain…
The Merge on September 15 has been rather a damp squid, though not much was expected either. Staking is now the official way to run validator nodes and earn rewards. How much rewards can stakers expect to earn? What determines how much yield to expect? The following answers these and other questions. Some major Ethereum…
The approaching merge of Ethereum’s mainnet with the currently running in parallel Beacon chain will bring into focus the biggest question – who controls how much of the staking amounts, and thereby, the rewards to be won by adding new blocks. Twitter user Messari shared a graphic that shows the current staking percentage, and it…
What Is a Mining Pool? A mining pool is a collective group of cryptocurrency miners who pool their computing power across a network to increase the likelihood that they will successfully locate a block or otherwise mine bitcoin. How a Mining Pool Works Individual members of a mining pool each contribute a portion of their…
Bitcoin mining requires lots of energy. Consequently, ASIC miners yield such immense amounts of heat that they need dedicated cooling systems for heat dissipation. Heat recovery is a low-carbon technology that cuts across various sectors of the economy. Low-temperature heat also known as low-grade heat expelled by miners is needed to heat buildings and homes…
The mining firm and subsidiary of Digital Currency Group (DCG), Foundry Digital LLC on Thursday, declared the launch of Foundry Logistics in order to upgrade standards in the cryptocurrency mining industry. The recently launched arm of the firm aims to ‘bridge the gap between buyers and hardware manufacturers by offering an all-in-one solution for mining…
The worst bearish streak in crypto worldwide is facing a ripple effect on the prices of hardware that fostered the difficult mining process of these virtual assets. Aftermath the crash in cryptocurrency prices, mining digital assets has become not feasible, resulting in miners throwing away their high-end tools in the resale market which has yielded…