Ethereum News Daily TheBitTimes.com

They may have seen some hard times, but overall, estimates conclude that Bitcoin miners are up 37% from their activities. Bitcoin (BTC) miner s have profited roughly 37% from mining Bitcoin since its inception, new data reveals. Calculations from on-chain analytics firm Glassnode suggest that since 2010, fees and block reward subsidies have netted miner s over $50 billion. Bitcoin miner revenue passes $50 billion mark Amid an ongoing debate over miner costs and susceptibility to Bitcoin price dips, new figures suggest that miners are firmly in the black in the long term. According to Glassnode, miners’ total all-time income is almost 40% higher than their estimated costs, coming in at $50.2 billion versus $36.6 billion, respectively. Bitcoin miner thermocap vs. cumulative production cost annotated chart. Source: Glassnode/ Twitter Researchers generated the numbers using two metrics: thermocap and transaction fees, which are “the cumulative sum of issuance multiplied by spot price in...

Dogecoin shifting to proof-of-stake would be good for the environment, but what impact would it have on miners and ASIC manufacturers? There are rumors that Dogecoin could switch from proof-of-work to proof-of-stake (PoS).  Do I know if Dogecoin is switching to PoS? No. Do I think it’s going to PoS? Probably not. But I love the “what if” game. As a person who works in the crypto mining industry, I do my best to gauge where the market and mining industry are going, along with how that could play out. If Dogecoin makes a change to PoS or some other change to how new blocks are created, it would have massive ramifications for the mining industry. Here’s a look at a few options and their effects. Scrypt mining could be devastated I’m not going to debate whether or not Dogecoin will or should switch to PoS. While it’s hard to determine if the recent rumors about the potential for a switch are true or not, they were enough to have Bitmain supposedly pause Litecoin (LTC) and Dogecoin (DOGE) ...