Showing 4 Result(s)

Ethereum mining revenues fell by roughly 27% in May

Ethereum miners generated 27.2% less in revenues in May compared to the previous month, according to data compiled by The Block Research. Last month, Ethereum miners generated a total of $969.4 million in revenue. Most of these revenues came from the block subsidy ($888.95 million) and a relatively small amount from transaction fees ($80.46 million) and from uncle rewards ($41.2 million). The share of Ethereum transaction fees over total revenue fell in May to about 5.6%. Ethereum miners also made …

BIT Mining completes first closing in Bee Computing acquisition

Chinese crypto mining company BIT Mining announced the first closing of its acquisition of Bee Computing, a manufacturer of mining hardware. The Company issued 16,038,930 of its Class A ordinary shares to the selling shareholders, according to an announcement on Tuesday. “(We) are excited about the progress Bee Computing has made in developing and manufacturing cryptocurrency mining chips and machines,” said Xianfeng Yang, CEO of BIT Mining. Bee Computing produces both chips and machines for the mining of various cryptocurrencies, …

Mapping out the crypto mining ecosystem

January 17, 2022, 12:10PM EST • 15 min read Quick Take The steadfast and still-growing crypto mining ecosystem can be broken down into many verticals, but most important are its mining pools, manufacturers, and lenders. A few requirements must be met when becoming a Bitcoin or PoW miner, such as obtaining hardware (GPU or ASIC), mining software, a wallet, and a mining pool if they do not plan to solo mine. The mining ecosystem was previously centered in China but …

InnoSilicon ships new Ethereum ASIC miner at 1,500 MH/s

A new Ethereum ASIC miner is coming to the market but it appears to be not as attractive as it was initially thought to be. Wuhan-headquartered chip maker InnoSilicon is now shipping the long-awaited Ethereum ASIC miner called A11 Pro after words of the specifications first came out earlier this year. At the time, the expected performance was thought to be 2,000 megahashes per second (MH/s) with a power at 2,500 watts (W). That would translate to a mining efficiency …