Bitmain Sets Release for L9 Miner, Promising ‘Unchallenged’ Efficiency in Scrypt Mining

According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte. Bitmain Set to Launch L9 … Read more

These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake

Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days ago, before The Merge, the consensus algorithm Ethash was the most profitable, … Read more

Bitmain Launches 2,400 Megahash E9 Ethereum Miner Ahead of The Merge

On July 6, the crypto mining rig manufacturer Bitmain announced the launch of the highly anticipated Antminer E9 after revealing the device on April 15, 2021. The machine boasts speeds of up to 2.4 gigahash per second (GH/s) and Bitmain is selling the device for $9,999 per unit. Bitmain Launches Antminer E9 for $4.17 per … Read more

Ethereum’s Hashrate Taps an All-Time High as Miners Race to Mint ETH Before The Merge

While the Ethereum community is getting prepared for The Merge and the protocol’s transition to a full proof-of-stake (PoS) system, the network’s hashrate reached an all-time high (ATH) on April 7, 2022. On Thursday, Ethereum’s hashrate reached a high of 1.131 petahash per second (PH/s), jumping 13% in 89 days. Ethereum’s Hashrate Climbs 13% Higher … Read more

Bitcoin’s Hashrate Jumps 15% Higher in 10 Days, Mining Difficulty Expected to Rise

After bitcoin miners caught a break ten days ago when the difficulty dropped 1.49% lower, the network’s hashrate increased more than 15% since then. Currently, the processing power has been coasting along above the 200 exahash per second (EH/s) zone but another difficulty increase is expected to occur in less than four days. Bitcoin’s Hashrate … Read more

Ethereum Hashrate Taps Record-Setting 1 Petahash as ETH’s Mining Profitability Remains High

20 days ago, Ethereum’s network participants upgraded the protocol and implemented the Arrow Glacier upgrade. The move delayed Ethereum’s “Ice Age” proof-of-stake (PoS) transition for another six months and this week, the network’s hashrate tapped all-time highs. For the first time, statistics within the six-month range indicate Ethereum’s hashrate surpassed 1 petahash per second (PH/s). … Read more

Crypto Network Hashrates Recover From Summer Slump — Ethereum’s Hashrate Captures All-Time High

On November 2, 2021, the Ethereum network’s global hashrate tapped an all-time high (ATH) at 873 terahash per second (TH/s) or close to 1 petahash. Alongside Ethereum’s ATH, a myriad of hashrates have returned back to the highs the network’s once held before the crypto mining crackdown in China. Hashrates Return Following China’s Crypto Mining … Read more

BTC Hashpower Swells: Bitcoin Network Touches 185 Exahash, Hashrate Climbs 18,400% Since 2016

During the last week, the Bitcoin network’s hashrate has jumped to a record high of 185 exahash per second on March 14, 2021. The hashpower has relentlessly continued to rise, climbing a whopping 18,400% in five years since January 21, 2016. Bitcoin Price Jumps Over 1,500% in a Year, Hashrate Climbs 18,400% in Five Years … Read more

Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High

On Monday, March 2, miners processing blocks on the BTC network surpassed the network’s all-time high as the overall hashrate touched 136 exahash (EH/s). The record-breaking achievement happened despite the price of BTC dropping below the $9K region throughout the course of the last week. In four years’ time, BTC’s hashrate has risen over 13,500% … Read more