Whereas the cryptocurrency group prepares for The Merge, the Nasdaq-listed, Hive Blockchain Applied sciences, revealed in the corporate’s August 2022 manufacturing replace that it plans to re-distribute its hashpower devoted to Ethereum towards “different GPU mineable cash.”
Hive’s Technical Group Researches Different GPU Mineable Cash
On September 6, Hive Blockchain Applied sciences (Nasdaq: HIVE) revealed the corporate’s August manufacturing report which talks a couple of “report month-to-month BTC manufacturing” and the appointment of a brand new normal counsel member. Hive additionally mentioned the upcoming Ethereum community transition from proof-of-work (PoW) to proof-of-stake (PoS).
Hive devoted 6.49 terahash per second (TH/s) of Ethash hashrate towards the Ethereum chain in August and noticed a median of 6.19 TH/s over the last 30 days. The publicly listed mining operation additionally talked concerning the Bellatrix improve and the estimated Merge date. The corporate has been making ready for the transition and can dedicate its GPU hashrate elsewhere.
“Hive has already commenced evaluation of mining different GPU mineable cash with its fleet of GPUs, and is implementing beta-testing this week, previous to [The Merge],” Hive mentioned on Tuesday. “The corporate’s technical workforce is implementing a method to optimize the hashrate economics of the 6.5 Terahash of Ethereum mining capability in the occasion of Ethereum’s transition to proof-of-stake, throughout varied different GPU mineable cash.”
Most of Hive’s mining capability is devoted to mining bitcoin (BTC) however it additionally famous that mining ethereum has been worthwhile. Hive notes that the corporate’s ethereum mining operations have “traditionally generated Three to four instances extra income per megawatt than bitcoin mining.”
In August Hive managed to amass 518.eight BTC and accrued 16.7 BTC per day. Hive claims to have near four exahash or 3,900,000 terahash devoted to the Bitcoin blockchain. Hive mentioned it noticed “a peak BTC Equal Hashrate of three.92 Exahash in August, with [an] common hashrate of three.70 Exahash of BTC Equal Hashrate all through August.”
What do you consider Hive explaining that it has been researching different minable GPU cash forward of The Merge? Tell us what you consider this topic in the feedback part under.
Earlier article
Ethereum Implements Bellatrix — Community’s Upcoming Paris Improve to Set off The Merge, Validator Block Manufacturing
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