Sunday, June 4, 2023
No Result
View All Result
Crypeto News
Smarter_way_USA
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos
CRYPTO MARKETCAP
Crypeto News
No Result
View All Result

Publicly-Listed Miner Hive Plans to Transfer ETH Hashrate to Other GPU Mineable Coins Ahead of Merge – Mining Bitcoin News

by crypetonews
September 6, 2022
in Mining
Reading Time: 3 mins read
0 0
A A
0
Home Mining
Share on FacebookShare on Twitter


While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.”

Hive’s Technical Team Researches Other GPU Mineable Coins

On September 6, Hive Blockchain Technologies (Nasdaq: HIVE) published the company’s August production report which talks about a “record monthly BTC production” and the appointment of a new general counsel member. Hive also discussed the upcoming Ethereum network transition from proof-of-work (PoW) to proof-of-stake (PoS).

Hive dedicated 6.49 terahash per second (TH/s) of Ethash hashrate toward the Ethereum chain in August and saw an average of 6.19 TH/s during the last 30 days. The publicly listed mining operation also talked about the Bellatrix upgrade and the estimated Merge date. The company has been preparing for the transition and will dedicate its GPU hashrate elsewhere.

“Hive has already commenced analysis of mining other GPU mineable coins with its fleet of GPUs, and is implementing beta-testing this week, prior to [The Merge],” Hive said on Tuesday. “The company’s technical team is implementing a strategy to optimize the hashrate economics of the 6.5 Terahash of Ethereum mining capacity in the event of Ethereum’s transition to proof-of-stake, across various other GPU mineable coins.”

Most of Hive’s mining capacity is dedicated to mining bitcoin (BTC) but it also noted that mining ethereum has been profitable. Hive notes that the company’s ethereum mining operations have “historically generated 3 to 4 times more revenue per megawatt than bitcoin mining.”

In August Hive managed to acquire 518.8 BTC and accrued 16.7 BTC per day. Hive claims to have close to 4 exahash or 3,900,000 terahash dedicated to the Bitcoin blockchain. Hive said it saw “a peak BTC Equivalent Hashrate of 3.92 Exahash in August, with [an] average hashrate of 3.70 Exahash of BTC Equivalent Hashrate throughout August.”

Tags in this story

BTC miner, ETH, ETH miner, ETH Miners, ETH mining, Ethereum, Ethereum mining, Ethereum The Merge, hive, Hive Blockchain, mining operation, nasdaq, Nasdaq: HIVE, Publicly Listed Miner, The Merge

What do you think about Hive explaining that it has been researching other minable GPU coins ahead of The Merge? Let us know what you think about this subject in the comments section below.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

More Popular News

In Case You Missed It



Source link

Tags: AheadBitcoinCoinsETHGPUHashrateHiveMergeMineableMinerMiningNewsPlansPubliclyListedTransfer
Previous Post

WARNING: BITCOIN'S TOTAL COLLAPSE HAS BEGUN!!!!!!!!!!!!!!!! BTC + Crypto Price Prediction Analysis

Next Post

Top 10 crypto scams Finally Revealed #cloudmining @SUPERDOGE #crypto #thedegenshow #short #bnb

Related Posts

Bitmain’s Upcoming Antminer KS3 ASIC for Kaspa (KAS) is Crazy Fast
Mining

Bitmain’s Upcoming Antminer KS3 ASIC for Kaspa (KAS) is Crazy Fast

May 16, 2023
18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed – Mining Bitcoin News
Mining

18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed – Mining Bitcoin News

May 16, 2023
Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert – Mining Bitcoin News
Mining

Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert – Mining Bitcoin News

May 12, 2023
Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years – Mining Bitcoin News
Mining

Iran Shuts Down Over 8,000 Illegal Crypto Mining Farms in 3 Years – Mining Bitcoin News

May 10, 2023
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector – Mining Bitcoin News
Mining

Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector – Mining Bitcoin News

May 5, 2023
Stronghold Digital Partners With Canaan Subsidiary to Boost Bitcoin Mining Capacity by 400 PH/s – Mining Bitcoin News
Mining

Stronghold Digital Partners With Canaan Subsidiary to Boost Bitcoin Mining Capacity by 400 PH/s – Mining Bitcoin News

May 5, 2023
Next Post
Top 10 crypto scams Finally Revealed  #cloudmining    @SUPERDOGE  #crypto #thedegenshow #short #bnb

Top 10 crypto scams Finally Revealed #cloudmining @SUPERDOGE #crypto #thedegenshow #short #bnb

Ethereum Price MOVING! (Free Airdrop?)

Ethereum Price MOVING! (Free Airdrop?)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

National Bank of Georgia Enhances Sanction Monitoring, Includes Virtual Asset Service Providers
Blockchain

National Bank of Georgia Enhances Sanction Monitoring, Includes Virtual Asset Service Providers

by crypetonews
June 2, 2023
0

The Acting President of the National Bank of Georgia, Archil Mestvirishvili, stated that the bank has not only been monitoring the observance of...

Checkmate for public art installation of giant game pieces in Philadelphia

Checkmate for public art installation of giant game pieces in Philadelphia

June 1, 2023
Bitcoin NFTs Pump 110% in Sales in the Past 24 Hrs, Here’s What Driving This Growth

Bitcoin NFTs Pump 110% in Sales in the Past 24 Hrs, Here’s What Driving This Growth

May 29, 2023
NFT Sales Drop 10% This Week, As Bitcoin & Ethereum Rival For NFT Market Dominance

NFT Sales Drop 10% This Week, As Bitcoin & Ethereum Rival For NFT Market Dominance

May 28, 2023
Why Did Bitcoin’s BTC Price Rise on Friday? BTC Hovers Over $27K as Crypto Investors Shrug Off Hot Jobs Data

Why Did Bitcoin’s BTC Price Rise on Friday? BTC Hovers Over $27K as Crypto Investors Shrug Off Hot Jobs Data

June 2, 2023
Best Crypto to Buy Now June 1 – Polygon, Bitcoin, DeeLance

Best Crypto to Buy Now June 1 – Polygon, Bitcoin, DeeLance

June 1, 2023
  • Trending
  • Comments
  • Latest
What is the Erigon Node Consensus Layer?

What is the Erigon Node Consensus Layer?

February 15, 2023
146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

146 Top Executives Urge Biden to Prevent US Default — Warns of ‘Disastrous Consequences’

May 17, 2023
Secured #5: Public Vulnerability Disclosures Update

Secured #5: Public Vulnerability Disclosures Update

May 3, 2023
Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

Exchange Giant Coinbase Adds Custody Support for 14 Ethereum (ETH)-Based Altcoins, Spurring Rallies Up to 20%

October 27, 2022
3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

3 Things We Learned at Tornado Cash Dev Alexey Pertsev’s Trial – CoinDesk : ethereum

November 23, 2022
Crypto Whales Spend Millions Buying the Dip on PEPE As Prices Drop: On-Chain Data

Crypto Whales Spend Millions Buying the Dip on PEPE As Prices Drop: On-Chain Data

May 12, 2023
PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

PEPE Crypto Price News Today – Technical Analysis and Elliott Wave Analysis and Price Prediction!

24
BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

BITCOIN: CRASH TO $24,000 GUARANTEED!?!?!?!? 3 HUGE REASONS!! BTC + Crypto Price Prediction Analysis

20
Ending Logan Paul's Biggest Scam

Ending Logan Paul's Biggest Scam

40
⚠️*HUGEEE*⚠️ IT'S MAKE OR BREAK FOR BITCOIN !⚠️Crypto BTC Price Prediction/Cryptocurrency News Today

⚠️*HUGEEE*⚠️ IT'S MAKE OR BREAK FOR BITCOIN !⚠️Crypto BTC Price Prediction/Cryptocurrency News Today

24
I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

I ATTENDED A 3 HR 'CRYPTO SCAM' WEBINAR | WFABB iGenius

38
ARE NFTS OFFICIALLY DEAD? NFT COLLAPSE EXPLAINED!

ARE NFTS OFFICIALLY DEAD? NFT COLLAPSE EXPLAINED!

34
TRX/USD Spikes to Touch $0.085 Level

TRX/USD Spikes to Touch $0.085 Level

June 3, 2023
Gaming-Focused Layer-2 Crypto Project Surges by Over 90% After Announcement of New $80,000,000 Ecosystem Fund

Gaming-Focused Layer-2 Crypto Project Surges by Over 90% After Announcement of New $80,000,000 Ecosystem Fund

June 3, 2023
As DigiToads is On Track to Raise $5 Million in Presale, Aave and Polkadot Struggle for New Investors

As DigiToads is On Track to Raise $5 Million in Presale, Aave and Polkadot Struggle for New Investors

June 3, 2023
With Major Memecoins Crashing, Wall Street Memes Could Provide a Better Option

With Major Memecoins Crashing, Wall Street Memes Could Provide a Better Option

June 3, 2023
Trump’s Persistent Election Result Denials Demonstrate The Need For Bitcoin-Verified Truth

Trump’s Persistent Election Result Denials Demonstrate The Need For Bitcoin-Verified Truth

June 3, 2023
Popular Crypto Analyst Bullish on One Ethereum-Based Altcoin, Says It’s Showing ‘Solid Strength’

Popular Crypto Analyst Bullish on One Ethereum-Based Altcoin, Says It’s Showing ‘Solid Strength’

June 3, 2023
Crypeto News

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at Crypeto News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Videos
  • Web3

LATEST UPDATES

  • TRX/USD Spikes to Touch $0.085 Level
  • Gaming-Focused Layer-2 Crypto Project Surges by Over 90% After Announcement of New $80,000,000 Ecosystem Fund
  • As DigiToads is On Track to Raise $5 Million in Presale, Aave and Polkadot Struggle for New Investors
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Blockchain
    • Ethereum
    • Altcoin
    • Mining
    • Crypto Exchanges
  • NFT
  • DeFi
  • Web3
  • Metaverse
  • Analysis
  • Regulations
  • Scam Alert
  • Videos

Copyright © 2022 Crypeto News.
Crypeto News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In