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Lately, miners affected by the recent Chinese crypto policies are on the lookout for new destinations, and the network hashrate of Bitcoin is also recovering. However, due to the short supply of mining machines in the few high-quality mining farms and the power shortage, miners in search of new mining farms will come to realize that in addition to the electricity cost, they also have to share part of the mining revenue with mining farms.

As a result, partnered mining has gained momentum. Under this model, some miners have to spend extra time calculating the dividend before transferring it to…


The global pandemic of COVID-19 has triggered a worldwide economic depression. As the result of central bank policies, hyperinflation, and macroeconomic instability, countries around the world have suffered from currency volatility and depreciation. During the same period, the crypto market has achieved a rapid expansion. Individual investors, listed companies, and even national governments have noticed the perks of cryptocurrencies like Bitcoin. However, cryptocurrencies have also been closely monitored by national regulators. Some governments have expressly banned cryptocurrencies, whereas others have adopted an open and inclusive stance on the matter.

The first country we should mention is El Salvador, which is…


Miner extractable value (MEV) was initially proposed by Philip Daian et al. in the paper “Flash Boys 2.0” in April 2019. As the DeFi market grows, the concept has been taken more seriously by people day by day. So why do we say, Ethereum MEV is no longer a “miner extractable value”? To understand that, let’s take a look at the previous concept of MEV.

In essence, the Ethereum chain is known to be a distributed ledger. Each time a user makes a transaction, a fee needs to be paid to the miner who is granted the bookkeeping right to…


On September 13, tech services company Support.com announced the closing of its merger with Greenidge, a New York-based bitcoin mining and power generation company as of market close on September 14. Shares of Greenidge Class A common stock will begin trading on The Nasdaq Global Select Market on September 15, 2021.

A few days ago on September 9, Canada Computational UnlimitedCCU.ai, operator of a carbon-neutral bitcoin mining center, also went public on the Toronto Stock Exchange (TSX) through a merger with Capricorn Business Acquisition. The company began trading on the TSX Venture Exchange in Toronto on September 12.

Several bitcoin…


In the crypto world, the number of non-zero addresses is one of the key metrics for asset analysis. The more non-zero addresses a token has, the more holders there are, which means that more people are investing in the asset. Besides, it also shows a high degree of consensus. Based on data from online sources as of September 1, 2021, ViaBTC listed the top ten PoW tokens ranked by the number of non-zero addresses for your easy reference.

Top 1: ETH
ETH is the PoW currency with the most non-zero addresses and the second most valued token, second only to Bitcoin…


In June, after a majority vote, El Salvador’s Legislative Assembly passed the Bitcoin Law, making it the first country to officially recognize Bitcoin as a legal tender. The Salvadoran government took action the day before the Law took effect. On September 6, President Nayib Bukele of El Salvador said that the government will buy 400 bitcoins in two tranches on Monday. Based on the BTC price at 18:00 on September 6 ($51,690), the 400 bitcoins are approximately valued at $20.67 million.

Though the President strove to promote Bitcoin, Salvadorans have been indifferent to this cryptocurrency. Released on September 2, a…


In May, Iran issued a four-month temporary ban on crypto mining. However, according to the media, the CEO of the Iran Power Generation, Distribution and Transmission Company (locally known as Tavanir) confirmed that the temporary ban will be lifted on September 22, and all authorized miners will be able to resume mining.

Back in July 2019, Iran recognized crypto mining as a legal industrial activity, but miners must first obtain permits from the Ministry of Industry. To date, the Ministry has issued permits to 30 mining entities, which attracted droves of miners from all over the world. However, since January…


According to SEC filings from Morgan Stanley in late August, it bought upwards of 6.5 million shares of Grayscale Bitcoin Trust in June across more than 30 affiliated funds. With each share trading at $37.82, the total investment is about $240 million. This would make the investment bank the second-largest known holder of GBTC after Cathie Wood’s ARK Investment Management, which owns over 9 million GBTC shares.

Widely recognized in the sector of crypto assets, Grayscale is a wholly-owned subsidiary of Digital Currency Group (DCG), which is a Wall Street financial group focusing on blockchain and crypto investment. The group’s…


On a recent conference call, Ethereum core developer Tim Beiko addressed the development team that in addition to working on consensus protocol upgrade for the upcoming Eth2, he would continue to focus on the performance optimization of the client end for the Eth1 / Eth2 merger. The conference participants have concurred not to activate a “functional fork” in December, which means that the difficulty bomb delayed by EIP-3554 will likely be suspended again, as the Ethereum network expects no new EIP before the merger.

The delay of the difficulty bomb is no surprise. Its activation is closely related to the…


There are two definitions of mining together. The first is pool mining, i.e. cooperation with mining companies. As mining difficulty continues to increase, both the mining threshold and mining machine prices are growing higher. When potential miners cannot afford a mining machine, they could choose to mine together with a well-established mining company.

The second type of mining together is known as merged mining, i.e. linking one or more low-yield tokens to a high-yield token for mining through the same hashing power. Common merged mining includes LTC+DOGE, BCH+SYS, etc.

Today, we will focus on merged mining.

Merged mining was first…

ViaBTC

Via Bitcoin, Making World a Better Place.

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