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  • Messari: Bitcoin Q3 Data Explained

    Messari: Bitcoin Q3 Data Explained

    Key Takeaways. Bitcoin largely lost its inflation-hedging and store-of-value narrative in the third quarter, following a 72% decline from its all-time high. Bitcoin trading volume and transaction fees declined by 3% and 23%, respectively, as demand for block space declined, and average daily sett...
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  • Nearly 80% of ethereum miners offline after merger

    Nearly 80% of ethereum miners offline after merger

    Over 80% of Ether miners opted to give up after the merger. Due to the post-merger effect, Ether Classic’s arithmetic power dropped by nearly 48%. According to crypto mining pool 2Miners, 8 out of 10 ethereum mining pools went offline after the merger. The site noted that miners shut down t...
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  • A large amount of mining revenue has been captured by miners, with Ether’s total miner revenue reaching $596 million in July 2022, which is estimated to be about $7 billion annually (up to $18 billion in 2021) based on this figure. According to 2021 data, the cost of electricity accounts fo...
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  • Ethernet completion upgrade will reduce global electricity consumption by 0.2% Nvidia, AMD performance damage?

    At 14:42 Beijing time on September 15, the Ether execution layer (i.e. the previous main network) and the proof-of-stake consensus layer (i.e. the beacon chain) triggered the merging mechanism at block height 15537393 and produced the first PoS block (height 15537394), and the Ether 2.0 upgrade w...
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  • ETH drops over 10% after completing “merger” upgrade

    ETH drops over 10% after completing “merger” upgrade

    On September 15, local time, ETH co-founder Vitalik Buterin tweeted, “We’re finally done (with the Ether merger)!” and said it was an important moment for the ETH ecosystem. It is said that the transition from Proof of Work (PoW) to Proof of Stake (PoS) on the ETH mainnet is cal...
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  • Inventory of NFTs related to the Ether merger

    Ether is one week away from a merger that will be the leading smart contract network’s biggest evolution to date. This upgrade has been years in the making, and it will allow Ether to greatly improve efficiency and security. As we have seen, a number of NFT projects are being born to celebr...
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  • What do ecological users need to pay attention to when the Ether merger is imminent?

    The much-anticipated ethereum merger is finally entering its final countdown. Ether founder Vitalik Buterin tweeted that the merger is still expected to happen around September 13 to 15. As we all know, the date and time of the merger will depend on how much computer arithmetic power is used to m...
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  • As BTC fluctuates in price at $19,000 Bitcoin whales are pulling out

    After fluctuating below $20,000 during the long U.S. period, bitcoin fell below $19,000 over Tuesday’s Labor Day weekend as investors stepped up their risk aversion activities. As of noon Wednesday, the world’s largest cryptocurrency by market capitalization was trading at about $18,8...
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  • The world’s fourth largest mining pool suspended withdrawals, the cryptocurrency circle liquidity problem may continue

    The world’s fourth largest mining pool suspended withdrawals, the cryptocurrency circle liquidity problem may continue

    The virtual currency market plunged again! On September 7, bitcoin price fell below the $19,000 mark to a low of $18,497.7, a maximum drop of 5.4%, and ethereum price also fell by more than 10% at one point. As of this writing, the latest price of Bitcoin is $19,142.2 and the price of Ether is $...
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  • Central Bank Chairman Pushes Bitcoin Price Down Will Bitcoin Rebound Again?

    Bitcoin prices are hanging in the balance as it retraces its gains from yesterday’s trading session. Once again, macroeconomic forces appear to be taking over price action as the top-ranked cryptocurrency by market cap is looking at a potential new round of declines in the abyss.   At...
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  • The Ethernet merger will divest the 100 billion mining market So what are the POW projects that will benefit?

    The Ethernet merger will divest the 100 billion mining market So what are the POW projects that will benefit?

    On August 30, it was reported that Bitcoin block producers in Texas, USA, applied to use up to 33 GW of electricity, which is 33% more than the grid is ready to handle in the next 10 years and approximately equal to New York State’s electricity demand. Meanwhile, the much-anticipated ether...
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  • Grayscale Bitcoin Trust Sees Significant Discount Risks Highlighted

    As the global digital currency market crashed in May, the price of bitcoin plummeted, also triggering the world’s first bitcoin spot trust to dive in price and show a significant discount relative to its net worth. The world’s first compliant bitcoin managed product is the Grayscale B...
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