News

New Bitmain Antminer K7 CKB Mining Machine is Coming Last weekend, crypto prices continued to bounce higher heading, led by DOGE, which surged by more than 100% over the week after Elon Musk`s acquisition of Twitter was complete. Last Thursday, Elon posted a video of himself walking into Twitter premises holding a sink, which sparked excitement within the DOGE community and ignited the price of DOGE to explode by 10% in just five hours. Meanwhile, Bitmain posted a Twitter on November 1, announcing that the new CKB miner Antminer K7 is coming. Today, let`s take a look about the new CKB miner- Bitmain Antminer K7. Specification Manufacturer:Antminer Model:K7 Also known as:Bitmain Antminer CKB Miner Release:December 2022 Size:264*200*290mm Weight:12.5kg Noise level:80db Fan(s):4 Power:??80W Interface:Ethernet Temperature:5 – 35 °C Humidity:5 – 95 % Market analysis Led by the stock market rally, crypto prices bounced beginning last Tuesday, making their highest percentage moves in over three months. ETH, DOGE, ADA, SOL all surged around 10% on Tuesday alone, with ETH wiping out more than $350 million in short positions with its 13% overnight jump. BTC was not far behind, rising 5% to trade back above $20,000. As already pre-warned in our last week`s report, short liquidations surged to its highest level in recent times, with more than $700 million of shorts being liquidated on Tuesday alone. This is a significant amount even by bull market standards and such an increase in buying could pave the way for more positive moves ahead. Indeed, the momentum continued into the following days as ETH continued to lead altcoins higher after it broke out of the consolidation range and rallied past $1,600 on Saturday. ETH subsequently went on to liquidate more than $500 million worth of short positions, its highest dollar value of shorts liquidation on record. Even Core Scientific`s financial woes did not sour crypto sentiment. The world`s largest BTC miner revealed that it will not make payments due in late October and early November 2022 as its reserves are dwindling. The firm further elaborated that it anticipates existing cash resources to be depleted by the end of the year or possibly sooner, and should its current capital raise alternatives fail, the firm may have to file for bankruptcy protection by the end of the year.

The turmoil triggered by the sudden collapse of the FTX cryptocurrency empire is rippling through the bitcoin futures market. IlanSolot, co-head of digital assets at MarexSolutions, said the bitcoin futures curve is in what's known as Backwardation, meaning the spot price of bitcoin is higher than the futures price, something that didn't happen in previous sell-offs. "The obvious answer is speculative short selling, probably by institutional investors who prefer to trade futures, some of which may be proxy hedging for investors whose money is locked up, bet or not available," Solot said. Solot said the reversal may also reflect the liquidation of positions by hedge funds. Exchanges or trading desks that hold bitcoins for clients may temporarily sell them to reinvest the proceeds and use futures to hedge against price increases. Investors have been nervous since the FTX crash, and some of these trades may be being unwound as clients withdraw money. "In order to unwind the trade, exchanges and trading platforms would need to sell futures and buy back physical bitcoin, possibly in the over-the-counter market, reversing the curve," Solot said. It's worth noting that the cryptocurrency market is experiencing a historic swing as once popular digital asset exchange FTX filed for bankruptcy last week. The price of Bitcoin, the largest token, fell more than 20% last week to around $16,500. That compares with nearly $69,000 a year ago. In addition, Ethereum has lost about a quarter of its value, while the FTX token, FTT, has lost about 95% of its value, trading around $1.60, according to the data.

Product model: Blackminer L1 Encryption algorithm: Scrypt Currency: Litecoin + Dogecoin joint mining, LTC+DOGE Rated computing power: 4.3GH/s ±5% Wall power consumption: 3450W ±5% Connection mode: Ethernet Bare machine size: 340 (mm) *178 (mm) *305 (mm) Box size: 466 (mm) *388 (mm) *265 (mm) Bare machine weight: 11Kg Machine weight: 13Kg From the perspective of the current LTC family members, except Ant L7 series, other models can only pass in the low-end market and remain blank in the middle market. The revenue is calculated by the calculation power 4300M of Blackminer L1, and the static revenue is about 101 yuan. In the current market from the multi-model mining machine, LTC+DOGE investment is a good choice, the future can be.

ETHW community status quo 1. The transparency of community information is low More than 90% of the above projects are unnamed teams, investment institutions are not disclosed, and little information is disclosed to the community. At the same time, ETHW network development and maintenance personnel are not disclosed, users can obtain little information, so it is difficult for users to give ETHW ecological project more trust. 2. Low community consensus In addition to Bitan's online ETHW flash and mining functions, and the market attention attracted by the high increase of the first two NFT projects online, there is no other operation means to enhance the community consensus. If the follow-up operation ability is unsatisfactory or the cycle is too long, when the user chasing after the mood tends to calm, unsustainable. At the same time, the current community consensus is low, and the users are basically short-term mentality game. 3. Stablecoins have no endorsements Currently, the stablecoins USDT and USDC of the EHW Network are not officially issued by Tether and Circle and do not have official endorsement. Stablecoins are the most basic facilities for the stable operation of a chain, and they are also the most important and urgent to be solved. Therefore, before the official settlement of the stablecoin issue, users should be cautious about using the stablecoin currently existing on the ETHW chain. To participate, also use ETHW as a settlement token whenever possible. In addition, as mentioned above, Binance currently has an ambiguous attitude towards ETHW ecology. Users can continue to pay attention to Binance's subsequent actions, such as whether to launch ETHW tokens. 4. The development is very early and the entrance capital is small From the sum of the lock-in value of the above projects, the entry assets are very small, even some products TVL only 1400 dollars, such as Uniwswap is less than 2 million dollars, which also reflects that the current market is cautious to watch or pay little attention to the ecology of the ETHW chain. In addition, 2Miners' data show that the computing power of ETHW network is 39.28TH/s, while the computing power of ETC network, which is also Ethereum fork token, is 144.62TH/s. It can be seen that miners are also in a wait-and-see state for the development of ETHW chain

When it comes to the aristocrat, the dark horse, the king of this year's coin circle. That must be KDA, up more than 100 times, earnings is crushing any one of the big computing power machines on the market, it can be said that the scenery is infinite, one machine is difficult to find. If there's anyone to beat, it's KDA. Before we get to KD6, let's get to know Kimbey. Goldshell Miner is an industry leading technology company. Founded in 2017, we specialize in high-performance mining machines and applications. Over the past few years, Goldshell Miner has successfully completed the research and development, mass production and sales of various cryptocurrency miners such as LTC, CKB, HNS and Sia. Goldshell Miner is headquartered in Shanghai and has offices in Hangzhou, Hong Kong, Singapore and other locations. At present, the R&D personnel account for more than 70% of the company. The core team has over 10 years of experience in the IC field. Goldshell aims to become an excellent blockchain computing power provider and promote the development of the industry. Based on a strong core team and excellent system capabilities, Goldshell has established an efficient operation system from algorithm research, mass production to delivery. Goldshell continuously improves the computing performance and competitiveness of its products, providing high-performance, highly reliable computing infrastructure and services for the development of the digital economy. In particular, our home mining machine -BOX series allows more customers to join the market as our products are small, quiet, affordable and beginner friendly, allowing everyone to start mining at home. More importantly, Goldshell Miner has put a lot of effort into community development, and we believe that strong ties to the community are the foundation of a good brand. When it comes to the KD6 machine, Jinbei KD6 will enhance more computing power and lower power consumption on the basis of KD5, so that KD6 is more close to household use and better humanization. According to internal sources, the KD6 has a whopping 25T reduction in computing power, which is nearly 30% higher than the KD5

NVIDIA's latest RTX 40 series graphics card is undoubtedly eye-catching. Its new Ada Lovelace architecture and TSMC N4 technology also make the performance of the graphics card a leap. The first RTX 40 series graphics card to meet with you is naturally the flagship RTX 4090. As flagship products, AIC manufacturers naturally attach great importance to non-public RTX 4090 and have launched their own heavyweight RTX 4090 graphics cards. Of course, ROG and their latest ROG STRIX RTX 4090 graphics card are indispensable. The ROG STRIX RTX 4090 is a completely different design style from the previous ROG STRIX series. The 3.5-slot, 2.5-kilogram graphics card is all square, making it the biggest graphics card in the world, and even heavier than the RTX 4090 FE version. I believe that this ROG STRIX RTX 4090 will be made so large, also out of the consideration of heat dissipation.

You can overclock your miners and get up to a 50% advantage using Apexto Mining Immersion Cooling Systems. Usually, S19 100TH miners can reach 150TH. If this is what you would like, then an immersion cooling system would be your best choice. An immersion cooling system is a product that can shorten your ROI. Apexto immersion cooling systems are technically sound and stable, and Apexto already has an established technical team compared to other suppliers on the market. Our team can answer technical questions about how to install and solve any issue you may encounter. What is an Oil/Immersion Cooling System? Immersion cooling is a form of liquid cooling where the server is immersed in a bath of non-conductive liquid. The miner transfers heat directly to the fluid without additional cooling components, such as heat sinks or fans. https://www.asicminer-ylhm.com/immerison-cooling/62687396.html 4 Advantages +50% Hashrate Overclocking and fine-tuning with custom firmware effects from 40% to 50% more hashrate. It may require mechanical adaptation, additional overclocking PSU, or custom immersion firmware! 80% Reduced Failure Rate Reducing the influence of high temperature, humidity, dust, and vibration can reduce the equipment failure rate by 80% and the equipment operation and maintenance cost by 85%. Easy to Install &Safe The unit`s design focuses on simplicity and safe operation. You can operate the system immediately upon receiving it, which reduces your construction and installation costs and MAXIMIZES YOUR PROFITS. Noiseless Mining When you immerse miners in the liquid, it is fully protected from temperature, humidity, dust, vibration, or fire. This means that there are no fans, so there is no noise. This also means more profit, less downtime, and less maintenance. Have you ever heard about dry cooler? In addition to oil cooling systems, we also have oil box with dry cooler. Overclocked hashrate is up to 60% and this product can help you shorten the return cycle and improve ROI. Dry coolers are heat-transfer devices that use air to remove excess heat into the atmosphere. Usually, a dry cooler presents a heat exchanger (it can be either microchannel coils or a finned tube) and fans. The fans are responsible for directing the air flow through the heat exchanger.

Virtual currency, digital gold, inflation hedge, uncorrelated asset, store of value -- these are all the titles Bitcoin has been given. Now, bitcoin is just bitcoin. In recent days, many people on Twitter have posted that 1 BTC=1 BTC, suggesting that the value of bitcoin doesn't really matter anymore when the price of bitcoin falls sharply, and that it is quoted at a fixed price that should theoretically support the price in the long run. Joshua Lim, former head of derivatives at Genesis Trading, was quoted as saying recently: "When the price of bitcoin continues to fall against the dollar, 1 bitcoin = 1 bitcoin is a tongue-in-cheek 'bitcoin maximalist' claim. That means Bitcoin will eventually become a unit of account, so just focus on the absolute number of bitcoins you have today." "Bitcoin maximalists" is a term coined by Ethereum founder Vitalik Buterin, who in a 2014 article called those who believe that Bitcoin's monopoly in the cryptocurrency space is both correct and untouchable. Ahead of 2022, Bitcoin loyalists have added many overviews of the cryptocurrency, including that it could replace gold at some point, or that it's a good inflation hedge. This year, however, bitcoin is down about 60% for the year, trading below $19,000 in recent days, well below its high of nearly $69,000 at the end of 2021, as central banks around the world sharply raise interest rates and inflation increases. When the coronavirus pandemic first hit the world, cryptocurrency investors saw Bitcoin as a hedge against rising prices because of its limited supply. But this year, most cryptocurrencies are falling sharply. Many market watchers say bitcoin investors are looking for a new story for the digital currency market, and that the spate of Twitter posts declaring that 1 BTC equals 1 BTC might be the "new story." According to media reports, Ilan Solot of Tagus Capital said the idea of bitcoin proponents as an inflation hedge is misunderstood. He said that while Bitcoin has not risen against the dollar, it should not be assumed that its intrinsic value has not increased. He said: "Bitcoin is TIPS, not inflation trackers. Bitcoin is a hedge against the irresponsible printing of money by central banks." Hardcore Bitcoin investors aren't deterred, though. Bitcoin's share has held steady for more than a year, at 68%, according to data compiled by FRNT Financial Inc. The gauge is now at its highest level since 2014. FRNT CEO Stephane Ouellette told the media that Bitcoin is still subject to the macro environment, but has not yet broken its correlation with risky assets. He said: "More and more bitcoin holders will never sell their bitcoin. At some point in the future, Bitcoin will start to behave differently from other risk assets, but it's clearly not there yet."

The litecoin mining machine is very hot recently Machines like L4+ A4+ A6+ mine litecoin (1 litecoin gets 1,792 Dogecoin) Just yesterday, on June 20, 2021.Bitmain released an Ant L7! A second to kill 19 L3+, the power of the big visible! Ant Mining is the world's No. 1 cryptocurrency mining brand by market share, with a market share of about 70%. The mining machine was developed by BitMain and patented in mainland China. Ant Mining started out as a Bitcoin mining machine, but has since branched out into other cryptocurrencies such as Ethereum, Dacin, Litecoin, Monero, and more. Bitmain today released a computing power equivalent to 17 Ant l3+ machine Wright machine "Ant L7" so computing power up to more than 8G, directly kill all litecoin models in the market today! [ Product parameters ] Product Model: Ant L7 Antminer L7 Encryption algorithm: Scrypt Coin type: Litecoin + Dogecoin joint mining, LTC+DOGE Rated force: 9050M/s ±5% Wall power consumption: 3425W ±5% Connection mode: Ethernet Bare machine size: 340 (mm) *178 (mm) *304.3 (mm) Outer box size: 466 (mm) *388 (mm) *265 (mm) Bare weight: 11.20Kg Machine weight: 13Kg Ant Mining is the world's No. 1 cryptocurrency mining brand by market share, with a market share of about 70%. The mining machine was developed by BitMain and patented in mainland China. Ant Mining started out as a Bitcoin mining machine, but has since branched out into other cryptocurrencies such as Ethereum, Dacin, Litecoin, Monero, and more. Bitmain today unveiled a machine that has the power of 17 Ant L3s. The Wright machine, Ant L7, has more than 8G of computing power. Directly kill all Litecoin models on the market today!

On June 19, Bitmain released a computing power equivalent to 19 Ant l3+ machine Wright machine "Ant L7" so computing power up to more than 8G, directly kill all litecoin models in the market today! The highest computing power of 9,5G is the expectation of the public, so that the miners are delighted and extremely excited. Less than a month ago, today the official suddenly announced that Ant L7 was officially withdrawn from the Chinese market, and the customers who had ordered it began to return their orders one by one. It's really a blow to us, and it's very disappointing. However, the reason for the cancellation in the mainland market is unknown. But don't lose heart, we soft surplus technology to bring a good news to the miners, LT5 Jin Bei LT5 launched an upgrade LT5 pro this month, computing power upgrade from 2.05G to 2.455G, power consumption 2080W, more than A6+2.2G, on the LTC mining machine hot list. For lovers of litecoin and dogecoin, don't miss this Litecoin King!

YLHM officially opens pre-sale limited in quantity, on a first-come-first-served basis. Bitmain Antminer KA3 is the latest Kadena miner to hit the shelves. A first of its kind from the Bitmain manufacturer, this one is highly profitable. Also known as the Antminer KA3 (166TH), it has a maximum hashrate of 166 Th/s/. The miner has a maximum power consumption of 3154W and uses the Kadena algorithm. You get to mine, Kadena only. Here`s our detailed BITMAIN ANTMINER KA3 166 TH REVIEW. About Bitmain Antminer KA3 166 TH/s Looking at the design of the miner, you can tell there`s a difference from other miners. It`s sleeker and has a rectangular separate fan base. The miner also has an extended wire which you usually find with most Bitmain products. Set for release in September 2022, the miner weighs 16,100g. It shows this is a powerful miner, heavier than most Kadena miners. Bitmain decided to release the Kadena miner just as prices of Kadena started rising after the crypto winter. You get a miner with a voltage of 200-240V and use the Ethernet interface. The power switch is at the back, next to the wires. It`s a powerful miner, currently the most profitable miner in the industry. (PS: During the time of release, September 2022)

MicroBT Whatsminer M50 is out, and the miner will become available as early as July 2022. Also known as the Whatsminer M50, the mining unit has a maximum hashrate of 114 TH/s. It uses the SHA-256 algorithm and mines over 40 coins. The miner mines some of the top coins, including Acoin and Bitcoin. It comes with a maximum power consumption of 3306W. Here`s more in our detailed MICROBT WHATSMINER M50 REVIEW. MicroBT Whatsminer M50 It`s the first miner from the MicroBT manufacturer for the year 2022. The manufacturer has been quiet for a while and has developed a stunning Bitcoin miner. It's a serious competitor to the S19 Pro+ Bitmain miner. At first glance, you will notice a few design changes from other Whatsminer brands. First, the top has another rectangular portion that sets the miner apart from the rest. There are a few naked wires to spot, and the miner is perfect for large-scale mining. It comes with a size of 125*225*425mm with no specific weight. Due to the rectangular shape, you can easily store the miner even in a small space setup. To top it all off, you can mine over 42 coins with the miner. Miners also can increase their mining capabilities by joining reliable mining pools. These include AntPool, NiceHash, Poolin, SlushPool, and ViaBTC. Again, we recommend joining a mining pool once you set the miner up for use. There are a few selected stores that claim to have the mining unit. It`s best to wait for the release date or pre-order it from a reputable store. The primary vendor for the miner is the MicroBT manufacturer. Hashrate of the MicroBT Whatsminer M50 The miner comes with a maximum hashrate of 114 Th/s. It`s one of the highest algorithms we have seen so far. The miner uses the power to mine more and produce the right hashing rate to solve block puzzles. A high hashrate also means the network is less vulnerable to third-party attacks. You get to solve more puzzles quickly. That`s why joining a mining pool increases your odds of mining more Bitcoin. Algorythm of the Whatsminer M50 It uses the SHA-256 algorithm, which doesn`t have any known algorithms. Moreover, the algorithm is almost impossible to reconstruct, making it ideal for safety. Even using a brute force attack would take years to crack. Thanks to the algorithm, users get a quality Bitcoin miner that miners over 40 coins. Some of the mineable coins include Acoin, Curecoin, Joulecoin, Peercoin, etc. These are some of the most profitable altcoins. Efficiency of the MicroBT M50 Miner With such a high-performing miner, the efficiency should also be high. It comes with an efficiency of 0.029j/Gh. The high efficiency is a result of the high power consumption of 3306W. Therefore, it has to be the highest consumption from the MicroBT brand. Thanks to the high power consumption, mining the 42 coins is faster. The miner also has ample time to solve block puzzles with the SHA-256 algorithm. You need to know the electricity costs to incur with this miner Humidity and temperature settings For the miner to work effectively, you need it to work under ample room conditions. Please follow the set manufacturer`s instructions, including low and high points. You don`t want your miner to overheat while mining. Profitability of the MicroBT Whatsminer M50 According to the current profitability data, the miner projects to make $11 in daily profit. These profit statistics will change depending on the market prices of Bitcoin. Also, as more users join the network, the profitability will decrease. Warranty of the Whatsminer MicroBT M50 Suppose you get the miner from the manufacturer a set maximum warranty of 180 days. Other stores will have a different warranty date, usually less than the manufacturer. The above information intends to educate the reader about the above miner. Miningwatchdog won't be held liable for any losses incurred while mining with the above mining unit.

Since its launch on July 30, 2015, Ethereum has been using a proof-of-work (PoW) consensus mechanism to secure its network. The PoW mechanism involves solving complex mathematical puzzles to create new blockchain blocks. This process allows Ethereum nodes (distributed computers) to agree on transaction requests and prohibit manipulation. However, Ethereum switched from PoW to a proof of interest (PoS) mechanism on September 15, 2022. The transition from PoW to PoS split the Ethereum network into EthereumPoW and Ethereum. This article takes you through EthereumPoW, why EthereumPoW hard forks happen, ETHW vs. ETH, ETHW vs. ETC, and if EthereumPoW will succeed. What is Ethereum PoW? EthereumPoW (ETHW), the proof-of-work (PoW) offshoot of Ethereum, is a community project for sovereign developers and miners led by crypto industry veteran Chandler Guo. Guo proposed the idea of ETHW on Twitter on July 27, 2022. Since then, The topic has attracted a lot of attention, especially from miners who oppose The Merge. Even Tron founder and Poloniex investor Yuchen Sun campaigned for the project to support PoW mechanisms on Ethereum and offered to donate some forked ETHW to build the ecosystem. However, after the merger, Poloniex ended up supporting another fork called EthereumFair (ETHF). ETHW core contributors publish a Twitter thread that contains the main network activation roadmap for the ETHW mechanism. According to The plan, The main web will go live a few hours after The Merge, The transition from PoW to PoS. In addition, the main network will be activated in the 2,049th block epoch after the change. This is why ETHW's block height will always be The Merge +2,048 height. Initially, it will have an average mining difficulty of about 220 transactions, while the hash rate will exceed 15 transactions per second (TPS). Here is the ETHW main network information: The network name is ethw-mainnet. The new RPC URL -- https://t.co/MQ04pnPQyW Chain ID - 10001 Currency symbol - ETHW Block browser URL -- https://t.co/J3JllmQA8I Why does EthereumPoW hard fork Happen? Before we dive into why EthereumPoW has hard forks, let's understand what hard forks mean. A hard fork is a blockchain software upgrade that requires all network verifiers to adhere to the latest version of the network software. While Ethereum has experienced multiple hard forks before, the most significant one occurred in 2016 when it split into Ethereum (ETH) and Ethereum Classic (ETC). The EthereumPoW hard fork happened because some miners didn't want to give up the lucrative PoW mechanism in exchange for less profitable PoS. According to the latest report from Arcane Research, Ethereum mining revenue reached $18 billion in 2021, slightly ahead of Bitcoin's $17 billion return. Even in the second half of 2022, Ethereum miners have been the top earners. The chart below compares the mining rewards of the two most important digital currencies by market capitalization over the past two years. As the chart shows, Bitcoin's mining revenue was higher than Ethereum's until 2021. With revenues reaching billions of dollars, Ethereum miners have invested heavily in high-end mining equipment to boost their earnings. However, those gains immediately disappeared as Ethereum moved from PoW to PoS. That's why some miners have vowed to continue using PoW mechanisms on the Ethereum network. In a PoW network, miners confirm trades and compete with each other to solve mathematical puzzles. The PoS network, on the other hand, excludes miners. Instead, investors pledge their tokens to protect the network and do not need mining equipment. An algorithm randomly selects the pledgee to determine the next block, and the larger the pledgee, the greater the chance of being selected. The main benefit of the PoS network is that it is more energy efficient compared to the PoW blockchain. Will EthereumPoW succeed? A blockchain fork requires copying all existing features, wallet balances, assets, and smart contracts. This means that all assets running on Ethereum will now run on the EthereumPoW main network. However, this is unwise without the support of the community. When the network splinteres, users identify the "real" chain by looking for value. For EthereumPoW to succeed, it will require broad support from everyday crypto users, developers, and businesses -- not just miners. Without these three groups, ETHW would be useless, like a discounted photocopy of the Mona Lisa. However, this is unlikely to happen, mainly because of Ethereum's extensive ecosystem. Ethereum's ecosystem includes thousands of standalone assets, DeFi markets, NFTS, and staboins. Adding stablecoins to ETHW is more complicated because stablecoins are backed by real-world assets, such as dollars in a bank account. That means unless you're the Fed, it's almost impossible to fork off such assets without depositing collateral with a financial institution. For example, Tether (USDT), the largest stablecoin by market capitalization, has taken these questions into account. Paulo Ardoino, its chief technology officer, said the company would only support the merged Ethereum. USDT accounts for billions of dollars in Ethereum. EthereumPoW would face some challenges without Tether's support. Ardoino said the complexity of DeFi guided their decision. Aave, the largest DeFi lending protocol on Ethereum, also has a say, with head of integration Marc Zeller highlighting Ardoino's point. "You can't have a legally backed stablecoin that doubles supply overnight and maintains the value of $1." He further explained that stablecoins can limit the success of any fork, and that the best way forward is to issue new stablecoins -- again downplaying the nature of the fork. For a quick look at the different Ethereum forks and blockchains, you can check out the Eth Wars page on the Gecko terminal, which summarizes the price of the different tokens, the 24-hour price change, the dominance, and how it compares to the market capitalization of Eth. ETHW call data replay vulnerability On September 16, EthereumPoW suffered a replay bug that resulted in 200 ETH being stolen by hackers. Two days later, blockchain security firm BlockSec revealed the incident, saying the attack occurred via Omni Bridge on the Gnosis chain. A replay vulnerability is a cyber attack in which a hacker pauses or dishonestly replays a trade message on another network to execute a single trade two or more times. For the ETHW call replay vulnerability, the attacker first transferred 200 parcels of Ethereum (wETH) through the Gnosis chain Omni Bridge, and then replayed the transaction on the EthereumPoW blockchain for an additional 200 wETH. The attack depleted the balance of contracts running on the network. While acknowledging the attack, the ETHW team released raw data showing that the two transactions were completely different and therefore refused to replay the transactions on the network. Instead, it clarified that the attack was a unit data replay due to a vulnerability in the Omni Bridge contract. ETHW and ETH ETHW is the native token of the EthereumPoW network, while ETH is the native currency of Ethereum. Here's how the two tokens compare: Changes in the consensus mechanism After transitioning to the PoS mechanism, the Ethereum network randomly picks an ETH verifier and gives them the responsibility of determining the next block. To become an individual verifier, you must pledge at least 32 ETH. If you have fewer than 32 ETH and want to participate in the ETH pledge, you can join the pledge pool. To protect the network from scams and fraud, verifiers who verify fraudulent transactions are fined - a process known as forfeiture. In addition to being sustainable, PoS consensus has helped Ethereum become more decentralized than EthereumPoW. Moreover, the verifier no longer has to buy expensive mining equipment. Even if they don't hold 32 ETH to join as individual verifiers, ETH holders can pledge their tokens through the mine pool to protect the network, and more participation leads to more decentralization. Shard Another important update that sets ETH apart from EthereumPoW is sharding. Sharding is a programming process in which data is distributed to multiple computers to increase processing speed. Ethereum will take advantage of sharding by introducing 64 sharding. Each shard is like a new chain, linked to the previous Ethereum network, integrated with previously recorded transactions. Ethereum and EthereumPoW work similarly, except ETH distributes the workload across multiple databases. Sharding will directly address Ethereum's scalability issues. Unlike EthereumPoW, which processes only 15 TPS, ETH will become much more efficient, processing close to 100,000 TPS. You can think of EthereumPoW as a single-lane busy street, while ETH has a multi-lane busy road. The extension allows traffic to flow seamlessly and increases the speed at which vehicles can move. However, Sharding is only expected to ship in 2023-2024. Beacon chain We've already discussed how Ethereum introduces 64 shards and how validators are selected to validate blocks. However, something should connect the shard and identify the verifier. This brings us to the final significant difference between ETHW and ETH. The 64 shards are integrated into a single blockchain that controls them and facilitates transactions. Thus, the blockchain acts as the brain of the entire ecosystem, known as the beacon chain. The beacon chain was launched in 2020 to ensure that the PoS mechanism is functional and sustainable before it is officially implemented. Therefore, it runs with the original PoW chain. But after The Merge, it began to act as The backbone of ETH. Another role of the beacon chain is to randomly select verifiers and monitor their activity. The chain is also responsible for punishing verifiers who try to verify illegal transactions. Randomness in the selection of verifiers is necessary to ensure that the network does not favor certain actors over others. ETHW and ETC Despite sharing the same chain (the Ethereum main network), the values of ETHW and ETC differ greatly. At the time of writing, ETHW was trading at $13.41 and ETC was trading at $34.43. Since ETC bifurcated from ETH in 2016, it has missed out on the development of decentralized finance (DeFi) and non-fungible tokens (NFTS). ETHW, by contrast, is the newest branch of ETH. With the growth of DeFi applications developed over the past four years, ETHW could be more valuable than ETC if the entire community fully supports it. conclusion The newest and hottest Ethereum fork -- EthereumPoW -- will benefit from The Merge. Through airdrops and charm incentives, the EthereumPoW team convinced nearly 20 former Ethereum mining pools to continue protecting the network. While the combined market may be suitable for using PoW Consensus's smart contract chain, some see ETHW as more of a cash grab. If EthereumPoW gets more community support, it will undoubtedly be more successful than Ethereum Classic.

BITMAIN, the world's leading manufacturer of cryptocurrency mining servers, hosted the ANTMINER KA3 Online Launch Event on September 13, sharing its support and confidence in the KADENA ecosystem. The Online Launch Event was co-hosted by ANTPOOL, the world's leading cryptocurrency mining platform, and HASHFROG, the world's first Bitcoin hash rate standardization cloud mining platform. The research and development team from KADENA and the community leader from KADENA MINING CLUB also participated in the event, sharing their confidence in the KADENA ecosystem and the future outlook of KADENA mining. The event debuted ANTMINER KA3, which delivers an extraordinary hash rate performance of 166T, providing a huge improvement compared to the current market output. The latest server introduces a new industry standard of 19 J/T, pioneering efficiency into a new era of energy savings and optimized performance. Incorporating the latest design from BITMAIN's flagship lineup, the 19 Series, the KA3 offers the most advanced air-cooling heat dissipation technology, allowing miners to operate with top-of-the-line protection under the Blake2S algorithm. The standard case size of the KA3 facilitates digital center arrangement. The server will be released on HASHFROG in the form of cloud computing services during the initial release. Xmei Lin, Head of Marketing at BITMAIN, announced during the event that as a PoW believer and evangelist, BITMAIN is contributing to the KADENA ecosystem, donating three units of KA3 to support the KADENA R&D and one unit of KA3 to all community members of KADENA MINING CLUB to show its strong support of the KADENA ecosystem. Lin also addressed that BITMAIN will continue to support the long-term development of PoW projects and the PoW ecosystem. The collaboration among BITMAIN, HASHFROG, and ANTPOOL on KADENA signifies the integration of mining servers, mining pools, and resources, which deepens the ecological cooperation in the mining and energy industries and provides solid protection for the long-term investment of cryptocurrency enthusiasts. BITMAIN is the world's leading manufacturer of cryptocurrency mining servers through its brand ANTMINER, which has long maintained a global market share and leading position in technology, serving customers across over 100 countries and regions.

The first Ethereum proof-of-stake block has been proposed, marking a new era for the second-largest blockchain. "We're good. It's done. We Merged," Tim Beiko, one of the most prominent figures at the Ethereum Foundation, tweeted. Ethereum co-founder Vitalik Buterin says anyone who helped to make the Merge happen "should feel very proud," adding that it is a "big moment" for the entire ecosystem. Gnosis Limited CEO Martin Köppelmann has noted that block production has been extremely stable after the Merge. "This is really the best-case scenario!" he added. The ETH price spiked roughly 3% within an hour following after the Merge was implemented without a hitch. A major victory Ethereum, the blockchain at the core of decentralized finance and NFTs, has been routinely criticized for consuming too much energy. According to Ethereum researcher Justin Drake, the Merge will reduce worldwide electricity consumption by 0.2% After purging miners from the network and replacing them with stakes, Ethereum's difficulty and hashrate now stand at zero, according to data provided by CryptoQuant.