New miners joining BTC and ETC mining, Ethereum events, and stories in crypto.
Learn about industry news, development updates, community happenings, and other aspects of the PoW world!
Bitcoin mining was not affected by the increasing complexity of international markets. Despite fluctuations, mining revenue reminds at some level as one month ago, at $0.17 for each TH/s.
New machines continue to join, without being affected by the tumbling market. Although mining difficulty adjustment posted a 4.78% increase, combined with price drops, many mainstream machines still generate stable profits, as shown in the table above.
Ethereum is seeing inflows of hashrate as well. It experienced drops in the past week but is performing better than 1 month ago when revenue was down to its lowest level in 1 year. The network recorded a new highest Avg difficulty of 13P on 2022-02-13.
Dev and network
In the latest AllCoreDevs call, devs discussed the merged test, beacon chain withdrawal, and EIPs. Check out a recap Twitter thread by Tim Beiko.
ETC Core Devs Call 22 discussed the proposed rejection of Keccak256 ECIP-1049. The new Champion and the editor of the ECIP agreed on a further rewrite of the ECIP so that it is brought up to the ECIP-1000 standard. Here to view the full conclusion.
Dogecoin core dev Patrick Lodder proposed increasing open participation on dogecoin development by having an open, weekly PR review session to go over pull requests and more.
Decred v1.7.1 was released with bug fixes and improvements.
A Tokenomics and funding proposal was posted and is now seeking the community’s thoughts and discussions on the forum. The topic of discussion is the changes in the division of Firo’s block reward in order to increase community participation.
An important proposal on the division of Firo's block reward has been posted on the Firo Forums to encourage community ownership and funding— Firo (@firoorg) February 17, 2022
Miners, masternode holders and Firofam, please weigh in and let us know what you think in the thread! $FIRO #FIROhttps://t.co/OvreWb9RJi
FiroDEX, an atomic swap-powered DEX was released. It allows cross-chain swaps and interoperability and supports a wide range of chains
Application and adoption
BNY Mellon, the world’s largest custodian bank, is allowing institutional clients to hold Bitcoin and ethereum later this year. Learn more here.
Tips via Ethereum are now available on Twitter, in addition to Bitcoin tipping.
Have you set up Tips on your profile yet so it's easy for people to show their support?— Twitter Support (@TwitterSupport) February 16, 2022
Yes: Cool, we’ve added Paga, Barter by Flutterwave, Paytm, and the option to add your Ethereum address.
No: What are you waiting for? Here's how: https://t.co/Id5TwTpnCF
There are better tools for understanding how gas works. Etherscan added the estimated cost of the transaction actions list to its Gas Tracker. Hildobby.eth, a web3 data scientist, also released an overall dashboard on Dune to showcase various aspects of Ethereum gas on one page.
Sia now supports “The Uncensored Library” by RSF. This library is filled with books that were censored, making them available for people around the world.
Namecheap acquired a controlling interest in the Handshake registry and exchange, Namebase, which will continue to operate as an independent brand. Namecheap CEO is now hiring developers to work on Handshake.
Looking for engineers that can help us solve complex Dweb problems and are passionate about HNS and its future. https://t.co/rBj8TdSWAU— Richard Kirkendall (@NamecheapCEO) February 15, 2022
Not your keys, not your coin. It’s been 8 years since Mt.Gox was hacked on 2014-02-24. The community remembers the cyberattack, and the lessons learned.
Today marks the eighth anniversary of the fall of Mt. Gox, Bitcoin’s most notorious exchange.— Namcios (@namcios) February 24, 2022
In my latest article I explore what happened with Mt. Gox and how it helps us see why it’s never a good idea to keep your #bitcoin in a centralized exchange.https://t.co/tXkfm9CbDk
The recent ETHDenver conference concluded last weekend. Time to review the fruitful week built by developers. Check the following recap.
Devcon 6 is scheduled to take place in Bogotá, Colombia. Follow this Twitter account to stay up to date on details about the event.
It's happening.— Deva the Devcon Unicorn (@EFDevcon) February 18, 2022
Devcon 6: 11-14 October, 2022
See you in Bogotá!https://t.co/OeVzMkkRaC
Laura Shin unveiled what Ethereum’s 2016 DAO hacker’s identity to likely be in her recent article.
Ross Nicoll, one of the most famous core devs for Dogecoin announced that he is stepping back from his previous development role on the network and will switch to an advisor role for the Dogecoin foundation.
As I suspect a lot of you have figured out, I've been struggling (failing) with having workload from Dogecoin on top of a full time job. I'm stepping back to advisor to the Foundation, to reduce workload on myself, while supporting the Foundation. https://t.co/auZ2ekyves— Ross Nicoll 🎩 (@JRossNicoll) February 16, 2022
Kadena Eco, a new initiative, was announced to bring together top-tier thinkers, tech talent, and strategic capital in its ecosystem.
The PoW Round-Up is our bi-weekly report on major news and mining insights in and around the Proof of Work ecosystem.
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