production” and the appointment of a new general counsel member. Hive also discussed the upcoming Ethereum network transition from proof-of-work to proof-of-stake .
Hive dedicated 6.49 terahash per second of Ethash hashrate toward the Ethereum chain in August and saw an average of 6.19 TH/s during the last 30 days. The publicly listed mining operation also talked about the Bellatrix upgrade and the estimated Merge date. The company has been preparing for the transition and will dedicate its GPU hashrate elsewhere.
“Hive has already commenced analysis of mining other GPU mineable coins with its fleet of GPUs, and is implementing beta-testing this week, prior to [The Merge],” Hive said on Tuesday. “The company’s technical team is implementing a strategy to optimize the hashrate economics of the 6.5 Terahash of Ethereum mining capacity in the event of Ethereum’s transition to proof-of-stake, across various other GPU mineable coins.
Most of Hive’s mining capacity is dedicated to mining bitcoin but it also noted that mining ethereum has been profitable. Hive notes that the company’s ethereum mining operations have “historically generated 3 to 4 times more revenue per megawatt than bitcoin mining.”
The Merge is the only thing that pleases me after Bitcoin fell below 19l USDT.
We are gonna launch our project called SPARC. It is a Prediction Platform where you predict the rise or fall in the BNB Price in the next 5 Minutes. If user lose also get rewards $SLN token
iExec applications running on Ethereum smart contracts, allows off-chain computation services and datasets on-demand with Proof-of-Contribution (PoCo )consensus protocol $RLC web3
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