Ethereum GPU Mining Profitability Has Declined Dramatically

Follow us on Telegram. New data released by global trading and technology firm Susquehanna has revealed that the profit per month earned for mining Ethereum using a GPU mining rig has fallen as far as zero in November, down from about $150 in summer 2017. The data indicates that in addition to the dominance of more efficient ASIC miners which dominate the Proof-of-Work mining market, GPU mining of ethereum and other cryptocurrencies is suffering from ...

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Bank of America Could Store Crypto Deposits for Big Companies

Despite their harsh exterior, banks have been quietly preparing for a world that involves cryptocurrencies. Bank of America has most recently secured a patent for a cryptocurrency aggregation system, one in which big companies store customers’ crypto deposits in an enterprise account involving vaults and offline storage rather than taking on the risk themselves. For example, “deposit accounts at an enterprise, such as a financial institution, are used by customers of the financial ...

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Bitcoin Cash Developers Debate an Idea Called Pre-Consensus

his past Thursday, the lead developer of Bitcoin ABC, Amaury Séchet, published a paper on the social media platform Yours.org about a protocol technique called ‘pre-consensus.’ According to Séchet, and other BCH developers like Bitcoin Unlimited’s Peter Rizun, pre-consensus could improve block propagation time, benefit zero-confirmation reliability and help delegate decisions tethered to consensus conditions. This week, Amaury Séchet, the Bitcoin ABC client’s lead developer announced on Twitter that he had wrote ...

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Craig Wright Threatens Poloniex Over Its Pre-Fork Bitcoin Cash Trading

Poloniex, a top-15 cryptocurrency exchange by trading volume, recently began offering users the option to trade the two planned Bitcoin Cash (BCH) protocols pre-fork: Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV). Since trading began, Craig Wright’s BCHSV has significantly underperformed Amaury Séchet’s BCHABC, suggesting the market is currently betting on the latter to succeed. Predictably, not everyone is pleased by the pre-fork trading. Wright has taken to Twitter to rebuke Poloniex for offering naked shorts, suggesting ...

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