The strategy has also contributed to higher gas fees and blockchain bloat.
Nvidia is also launching Cryptocurrency Mining Processors (CMP) specifically for Ethereum miners.
A small band of Ethereum miners are trying to pick off larger mining pools’ subscribers in a bid to shoot down EIP 1559.
Linzhi’s “Phoenix” Ethereum ASIC miner is three times more powerful than other machines on the market, as well as more energy efficient.
Eight of the nine mining projects answering a survey on EIP 1559 had a negative impression of the proposal, with seven saying they would not implement the change.
Bitcoin’s price fell on U.S. regulatory pressures while Ethereum miners reaped record fee revenue the past month.
The bitcoin market went bearish as the price dipped while DeFi fees as a percentage of revenue for Ethereum miners is at an all-time high.
Bitcoin’s price plunged Tuesday while DeFi is giving Ethereum miners more fee revenue, causing difficulty to hit a 2020 record.
Ethereum miners may have benefited the most from ether’s recent price rise and soaring transaction fees.
With EIP 1559, Ethereum developers are proposing a dynamic pricing system to lower the blockchain network's current high gas fees.
The largest U.S. Ethereum miner is redirecting the processing power of 6,000 specialized computer chips toward research to find a drug for the coronavirus.
Upstart manufacturer Linzhi is ready to produce its first batch of powerful new machines for mining ethereum and ethereum classic.
The Bitmain co-founder says ASIC miners are making blockchains more decentralized and ethereum's ProgPow proposal could still be "ASICable."
Ethereum core developers reaffirmed during a meeting today that mining algorithm change "ProgPoW" would be added to a coming hard fork.