Mining GPU Prices in China Plummets Post ETH Merge

EthereumAng Pagmimina ng Mga Presyo ng GPU sa China ay Bumaba Pagkatapos ng ETH Merge09 26 2022Balita ng Ethereum ng Bitcoin  Altcoin News  Prices for Nvidia GeForce GPUs have dropped dramatically.  GPUs price plummeted from 8,000 yuan to 5,000 yuan.  Graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have seen price drops in China. This is because of the Ethereum networks transition to a proof-of-stake (PoS) consensus method, attracting institutional investors.  According to a revelation in the South China Morning Post, prices for Nvidia GeForce GPUs have dropped dramatically after the historic Ethereum Merge on September 15. Chinese businessman Peng used the RTX 3080 as an example, noting that the GPUs price plummeted from $1118 (or 8,000 yuan) to 5,000 yuan in only three months.  Post-Merge Effects  Peng claims that at the height of Bitcoin (BTC) mining in China, mining businesses went on buying binges of graphics processing units (GPUs). But the merchant lamented that there was a complete lack of interest in modern PCs and GPUs at the time.  Similarly, another merchant named Liu noted that low-end RTX 3080 cards from manufacturers like MSI had reduced in price by roughly 2,000 yuan in the last two months. Liu speculates that the excitement around

2022-09-27Ethereum

The Transition Of Ethereum Is Continuously Hitting GPU Platforms 

EthereumAng Transition Ng Ethereum ay Tuloy-tuloy na Tumatama sa Mga Platform ng GPU 09 / 26 / 2022Balita ng Ethereum ng Bitcoin  Graphics processing units (GPUs) are facing a huge number of losses due to the new launch of the Ethereum merge. The idea of Ethereums transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has become a misery for the ETH miners. Maybe the transition helped with less consumption of electricity, but GPUs are showing a decline in their growth rate.  GPUs are the processing units that are utilized in gaming technology and the mining of digital currency. Before the merge, GPUs were at a success rate that benefited a lot of ETH miners. The graphics cards were in huge demand by the miners. Like Nvidias GeForce RTX3080, RTX 30380 Ti, and RTX 3090 which had a high growth rate in Shanghai before the merge.  The unique features of GPUs make the graphics cards more suitable for hashing, which is basically used for mining in the Proof-of-Work (PoW) blockchain technology. After the merge, the transition needed a lower number of miners, and the low utilization of computers affected a lot of miners who are involved in GPUs.  According to the reports, Chinese distributors have seen

2022-09-27Ethereum

Ethereum Merge impacted this sector the most in China

EthereumAng Ethereum Merge ay higit na nakaapekto sa sektor na ito sa China09 / 26 / 2022Balita ng Ethereum ng Bitcoin  Since graphics cards can no longer be used to mine a cryptocurrency, Ethereums long-awaited switch to proof-of-stake has had an even greater impact on the industry.  Following the Ethereum Merge earlier this month, prices for graphics processing units (GPUs) have dropped to their “lowest level ever” in China.  According to the SCMP, vendors of graphics cards in China have reported plunging prices for mid and high-end units over the previous two months.  The demand for Nvidias flagship GeForce RTX 3080 and 3090 models caused recommended retail prices to triple once ETH could be mined and the bull market was in full swing.  But retailers in Shanghais electronics retail market claim that during the previous three months, both demand and prices have fallen by roughly 40%.  Why are the prices getting high?  The cost of graphics cards, which are normally used for video games, tends to rise along with the price of cryptocurrencies because of the unique properties of GPUs that make them well-suited for hashing, and the complex computations employed for mining on proof-of-work blockchains.  There are several independent producers of graphics cards for the market, such

2022-09-27Ethereum

Charles Hoskinson And Ethereum Dev Get Into A War Of Words

Ethereum Merge is a flawed PoS implementation – Hoskinson  Presyo ng ETH sa oras ng pagsulat – $1,315.85  Custodial staking would create issues for the network – Experts  Cardano founder and Ethereum co-founder Charles Hoskinson disagreed with Ethereum developers regarding the Ethereum Merges implementation of the proof-of-stake (PoS) consensus.  Web3 investor Evan Van Ness said on Sunday that the Ethereum Merge could have been shipped earlier, which caused controversy. Ethereum co-founder Vitalik Buterin concurred with Van Ness and stated that a chain-based PoS consensus similar to NXT should have been implemented.  Ethereum developers should have implemented the Snow White protocol  The Snow White protocol, which Hoskinson has advocated for years, is one of the first protocols to provide end-to-end, formal proofs of security for a PoS system. Hoskinson joined the conversation and claimed that Ethereum developers should have implemented it to ensure a faster migration to PoS.  The Cardano founder and Van Ness, along with other Ethereum developers, got into a heated argument after Hoskinsons response opened a can of worms. Hoskinson claimed that his ideas regarding the technical upgrades to the Ethereum network from 2014 still hold up better than what the Ethereum network has upgraded to since the Merge.  Hoskinson was quickly reminded by Van Ness

2022-09-27Ethereum

Top Analyst Says Short Squeeze Incoming, Predicts Rallies for Bitcoin, Ethereum and Chainlink

Bitcoin EthereumTop Analyst Says Short Squeeze Incoming, Predicts Rallies for Bitcoin, Ethereum and Chainlink09 / 26 / 2022Balita ng Ethereum ng Bitcoin  A widely followed crypto analyst is predicting an abrupt rally for a trio of digital assets fueled by short sellers.  Crypto strategist Michaël van de Poppe shares to his 628,000 Twitter followers a tweet by financial researcher Jason Goepfert.  According to Goepfert, retail traders have spent $18 billion on put options and accumulated $46 billion worth of short positions on index futures – both record setting.  Source: Jason Goepfert/Twitter  Van de Poppe sabi ni that the record-setting amount of short positions in the traditional markets is actually a bullish signal.  “Short squeeze incoming.”  Ang isang maikling squeeze ay nangyayari kapag ang mga mangangalakal na humiram ng mga unit ng isang asset sa isang tiyak na presyo sa pag-asang magbenta ng mas mababa upang maibulsa ang pagkakaiba (maikli) ay napipilitang bumili muli habang ang kalakalan ay gumagalaw laban sa kanilang bias.  With Van de Poppe predicting a rally in the traditional markets, the crypto analyst is expecting Bitcoin (BTC) to follow suit.  Bitcoin held the crucial area around $18,500 and is now looking to break out of this range.  Another test of $19,500 (probably Monday) and well be good

2022-09-27Ethereum

Ang PoW-based na Ethereum fork ay tumatagal

EthereumAng PoW-based na Ethereum fork ay tumatagal09 / 26 / 2022Balita ng Ethereum ng Bitcoin  Sa Merge noong Setyembre 25, lumipat ang Ethereum network sa Proof-of-Stake (PoS) bilang mekanismo ng pinagkasunduan.  Naging maayos ito, ngunit malinaw na ang pag-abandona sa Proof-of-Work (PoW) ay nagpilit sa mga minero na ihinto ang pagmimina ng ETH.  Isang grupo ng mga minero, na hindi nasisiyahan sa desisyong ito, ay nagpasya na huwag suportahan ang mga pag-upgrade na humantong sa Ethereum na lumipat sa PoS, at nagpatuloy sa pagmimina gamit ang lumang protocol na nakabatay sa PoW.  Lumikha ito ng isang tinidor, ibig sabihin, isang sumasanga ng code na nakabuo ng dalawang magkaibang protocol.  Kaya ngayon ay mayroong bagong Ethereum, batay sa PoS, at ang lumang protocol na nakabatay pa rin sa PoW na tinatawag na “Ethereum PoW.” Ang pangalawang protocol na ito ay may sariling cryptocurrency na tinatawag na ETHW.  Ang hinaharap ng Ethereum PoW fork  Ipinagpalagay na sa simula pa lang na maaaring hindi i-upgrade ng ilang nostalgic na mga minero ng Ethereum ang kanilang node sa PoS, upang mapanatili nilang buhay ang lumang protocol ng PoW at makapagpatuloy sa pagmimina, ngunit hindi rin tiyak na gagawin nila ito sa huli, o mas mahalaga na ang tinidor na ito ay

2022-09-26Ethereum

Single Wallet Burns 76M Shib, While Shiba Inu Becomes Top Purchased Crypto Among ETH whales

SHIB Burn Rate  Lingguhang Kaganapan ng Pagsunog ng SHIB Super Store ni Travis Johnson:   As usual, SHIB Super Store, an individual SHIB Burn initiative owned by Travis Johnson, organized its Weekly Burn Event on Sunday, September 25th, 2022. Through this event, the SHIB Super Store put a match to 48,551,598 (48.55M) SHIB, worth about $531 in isang makabuluhang transaksyon.  Mysterious Wallet Burned 76.48 Million SHIB:  Further adding fuel to the fire, the Mysterious wallet turned 76,489,494 (76.48M) SHIB to ashes while sending them to the “inferno” addresses in one staggering transaction.  By taking a deep look into the Wallet, Etherscan.io reveals that the individual continues to contribute towards SHIB Burning for the past couple of months and already has burned millions of SHIB tokens through various transactions. However, the Mysterious Wallet still holds 383,752,124 (383.75M) SHIB.  Mysterious Wallet SHIB Burns  The data indicate that SHIB Army could expect a few more SHIB Burn transactions from this wallet shortly.  Shiba Inu (SHIB) Becomes Biggest ETH Whales Favorite in the Past 24 Hours:  The blockchain data tracking website, WhaleStats recently reported that Shiba Inu led its way to become one of the top purchased cryptocurrencies among the 500 biggest ETH Whales in the past 24 hours.

2022-09-26Ethereum

Ang mga presyo ng China GPU ay bumaba sa mga bagong mababang pagkatapos ng Ethereum Merge

EthereumAng mga presyo ng China GPU ay bumaba sa mga bagong mababang pagkatapos ng Ethereum Merge09 26 2022Balita ng Ethereum ng Bitcoin  Habang lumilipat ang Ethereum network sa a patunay-of-stake (PoS) mekanismo ng pinagkasunduan nagtutulak ng pag-aampon mula sa mga namumuhunan sa institusyon, ang mga presyo para sa mga graphics processing unit (GPU), na kadalasang ginagamit para sa pagmimina ng mga cryptocurrencies tulad ng Ether (ETH), ay bumaba sa China.  Pagsunod sa mga makasaysayang Ethereum Merge noong Set. 15, ang dati nang lubos na hinahanap na mga Nvidia GeForce GPU ay naging mas mura, ayon sa sa isang ulat ng South China Morning Post. Si Peng, isang Chinese na mangangalakal, ay nagbigay ng RTX 3080 bilang isang halimbawa habang ang presyo ng GPU ay bumaba mula $1118, o 8,000 yuan, hanggang 5,000 yuan sa loob ng tatlong buwan.  Ayon kay Peng, kapag Bitcoin (BTC) ang pagmimina ay nasa tuktok nito sa China, ang mga kumpanya ng pagmimina ay gumagawa ng GPU shopping sprees. Ngunit sa ngayon, sinabi ng merchant na walang bumibili ng mga bagong computer, lalo na ang mga bagong GPU.  Ang isa pang merchant na tinatawag na Liu ay nag-highlight din na ang mga low-end na RTX 3080 card mula sa mga

2022-09-26Ethereum

Stanford Researchers Propose Reversible Ethereum Transactions

EthereumStanford Researchers Propose Reversible Ethereum Transactions09 25 2022Balita ng Ethereum ng Bitcoin  Paano kung Ethereum blockchain transactions could be frozen or even reversed? These are the questions being posed by Stanford researchers in a recent paper on reversible transactions.  Stanford researchers Kaili Wang, Qinchen Wang, and Dan Boneh have proposed new Ethereum token standards called ERC-20R and ERC-721R. They have been designed as prototype opt-in token standards that support reversing transactions when the situation and evidence warrant it.  The paper released on Sept. 9 and detalyadong on Sept. 24 calls for a blockchain ‘back button’ or ‘undo button’ in the case of a hack or theft. It cites the recent BAYC phishing attacks, Poly Network attack, Harmony Bridge compromise, and Ronin theft as reasons why a reversible transaction would be needed.  Bilyon sa crypto ang ninakaw. Kung hindi natin mapigilan ang mga pagnanakaw, maaari ba nating bawasan ang mga masasamang epekto?  Sa nakalipas na mga buwan, ilang iba pa @Stanford ang mga mananaliksik at ako ay gumuhit at nagprototype ng ERC-20R/721R upang suportahan ang mga nababalikang transaksyon sa #Ethereum.  See post & ????:https://t.co/38Hs0F9goU  — kaili.eth (@kaili_jener) Septiyembre 24, 2022  Blockchain back button  There is the argument that reversible transactions defeat the purpose of a blockchain but the proposed standards

2022-09-26Ethereum

Ano ang ibinabahagi ng post-Vasil Cardano [ADA] sa post-Merge ETH

Pinagmulan: TradingView  Si Vasil ay humantong sa isang downgrade  Ayon sa on-chain na data mula sa Messari, ang mga aktibong address na nakipagkalakalan sa ADA mula noong pag-upgrade ng Vasil Hard Fork ay bumaba ng 14%. Sa press time, ang mga aktibong address sa ADA network ay nasa 55,194. Sa araw ng pag-upgrade, ang mga numero para sa parehong ay kasing taas ng 64,919.  Pinagmulan: Messari  Sa isang 30-araw na moving average, ang market-value-to-realized-value (MVRV) ng ADA ay nag-post ng negatibong halaga, na nagsasaad na ang isang average na may-ari ng ADA ay nalugi sa nakaraang buwan. Sa ngayon, ang Vasil Hard Fork ay hindi humantong sa isang pagbaliktad sa trend na ito. Sa press time, ang 30-araw na MVRV ng ADA ay nakatayo sa -3%.  Higit pa rito, sa kabila ng pag-upgrade, ang pangkalahatang merkado ay nanatiling may pag-aalinlangan tungkol sa pagganap ng asset. Halimbawa, ang natimbang na sentimyento, sa oras ng press, ay -0.168.  Pinagmulan: Santiment  Ayon sa CoinMarketCap, ang presyo ng ADA ay bumaba ng higit sa 150% mula noong nagsimula ang taon. Sa huling anim na buwan na minarkahan ng dormancy sa network ng ADA, ang isang makabuluhang rally sa presyo ng crypto-asset ay maaaring malayo.  Oras lang ang magsasabi kung ito ay napatunayang

2022-09-26Ethereum
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