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Filecoin miners are paying large investors an annual percentage rate as high as 40% to borrow FIL, the closely-held native token required to participate in the decentralized storage network.This dynamic has created a lending market and is leading to more questions about Filecoin’s economic model. The lack of liquidity in tokens
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New York state’s financial regulator is urging firms to pay closer attention to financial risks associated with climate change.In a letter sent to all regulated entities on Thursday, the New York Department of Financial Services (NYDFS) said that it expects firms, including virtual currency businesses, to start assessing such risks
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Bitcoin’s hashrate is soaring. Ethereum incubator ConsenSys has signed on to another CBDC pilot. JPMorgan unveiled a revamped interbank transfer blockchain network that could challenge SWIFT.Top shelfLower profitsBitcoin mining profitability is at all-time lows in 2020, spurred in part by new ASIC mining machinery driving up the network’s hashrate. While bitcoin‘s hashrate
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This marks the second 10,000+ machine order from Marathon since August. Source
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The mandatory upgrade is the first post-launch upgrade to the Filecoin network. Source
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Filecoin, a decentralized storage network launched by Protocol Labs, is off to a rocky start after a strike by miners just one day after its highly anticipated miannet launch on Oct. 15. Five of its largest miners turned off their machines to protest the project’s “unfair” economic model that requires a
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A first-of-its kind service wants to play matchmaker between big-scale mining facilities and individual miners looking for a hosting setup.Bitcoin mining company HASHR8 just launched its Compass platform, a search engine of sorts for individual miners to shop for a hosting facility to operate their mining hardware for them. While
Read MoreEther (ETH) miner revenue skyrocketed during the month of September according to data from glassnode, an onchain analytics resource. While the price of Ether did not rise significantly during this time, miners on the Ethereum network saw their revenue increase due to high fees. Miners took home 450,089 ETH in fees
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Ethereum miners are signaling their disapproval of a technical proposal advocated by top Ethereum developers, a new survey shows.Eight of the nine mining projects partaking in a community survey on Ethereum Improvement Proposal (EIP) 1559 had a negative impression of the proposal, with seven of the nine saying they would
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The publicly traded bitcoin miner aims to quadruple its current hashrate by mid-2021. Source
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