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Home Crypto Mining

December 2022 Work Progress Report: 12 months-end Outcomes.

by Crypto Twigs
January 14, 2023
in Crypto Mining
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December 2022 Work Progress Report: 12 months-end Outcomes.
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December Work Progress Report

Cryptocurrency Node Updates

The brand new node software program was put in to maintain all of the mining swimming pools up-to-date.

Ergo Protocol Reference Shopper 5.0.4 has a number of code optimizations. The discharge particulars can be found on GitHub.

Zcash v5.3.2 and beforehand v5.3.1 solved some minor points and improved reminiscence utilization. The discharge particulars can be found on GitHub.

Cortex 1.10.36 launch referred to as by the identify of Lionel Messi. The discharge particulars can be found on GitHub.

CTXC_update

Mining in 2022. 12 months-end Outcomes

This was a troublesome 12 months for the cryptocurrency business and significantly crypto miners.

First, TerraUSD/LUNA, Three Arrows Capital, Celsius, and FTX collapses in 2022 led to an incredible crypto market drop.

2022_problems

Second, however no much less vital, the Ethereum coin switched to POS from POW. The top of the ETH mining period was essentially the most painful occasion ever for the graphics card mining neighborhood. Roughly 95% of all GPU miners have been mining ETH. The top of Ethereum mining resulted in an enormous hashing energy launch. All different GPU-mined cash and algorithms instantly gained many miners and in consequence, the profitability fell respectively. The newly emerged cash comparable to EthereumPoW didn’t assist that a lot.

Hopefully, the mining neighborhood is powerful sufficient and we nonetheless have greater than 50K miners on-line. This 12 months we eliminated not solely ETH, which isn’t mined anymore, but additionally Expanse (EXP), Metaverse (ETP), and MimbleWimbleCoin (MWC). We’ve got 17 cash obtainable in 2Miners now and our builders work arduous to carry you the brand new ones. Presently, we’re engaged on Kaspa (KAS).

2miners_54k_miners

Bitcoin payout was an excellent success final 12 months as BTC funds are very handy for the foremost a part of the miners. This 12 months we unfold the BTC funds function to different cash. Now you can receives a commission in Bitcoin in case you mine Ravencoin, Ergo, Ethereum Traditional, and Zcash. The BTC funds for Horizen are nearly prepared as effectively. We might like to make this function obtainable for all of the cash we’ve got however generally it’s simply not possible to discover a reliable crypto-exchange with the required buying and selling pairs and buying and selling volumes, and dependable API as effectively.

Regardless of in case you belief within the upcoming crypto bull run or not, cryptocurrency mining stays and we all the time do our greatest to offer you the very best mining expertise attainable.

We want you all the very best in 2023!

happy_new_year_2023

We welcome you to affix our miner neighborhood in Telegram or one of many native chats in Russian, Turkish, Spanish, and Chinese language.

Keep in mind to observe us on Twitter to get all of the information as quickly as attainable.





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