Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto currency Mining => Topic started by: RSRS on August 15, 2021, 02:42:24 PM
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Despite the coming changeover to proof-of-stake, major bitcoin (BTC, +2% ) mining corporations and miner manufacturers are expanding their investments in ethereum (ETH, +2.28 percent ) mining
They were told mining would finish four years ago, yet it is still going, said Mark D’Aria, CEO of Bitpro, a New York-based consulting firm specializing in Ethereum mining gear trading and administration
Aside from technological obstacles and security concerns for Ethereum assets, potential pushback from the Ethereum mining community could hinder the network’s transition to POS
Despite the coming changeover to proof-of-stake, major bitcoin (BTC, +2% ) mining corporations and miner manufacturers are expanding their investments in ethereum (ETH, +2.28 percent ) mining. Hut 8 and Hive, two public bitcoin mining businesses, are expanding their capacity to mine the second-largest cryptocurrency by market capitalization.
Meanwhile, ethereum mining machines from Bitmain and Innosilicon are expected to be released later this year. Given that the Ethereum system is expected to transition from proof-of-work (POW) to proof-of-stake (POS) in five months, and POS mining does not require such powerful computers, this investment may appear odd. Industry experts believe the increased demand is due to predictions that the migration will be postponed.
More information (https://cryptonews.net/en/news/mining/1409247/)