December 2022 Work Progress Report: Yr-end Outcomes


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 Consumer 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 known as by the identify of Lionel Messi. The discharge particulars can be found on GitHub.

CTXC_update

Mining in 2022. Yr-end Outcomes

This was a troublesome yr for the cryptocurrency business and notably 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 essential, 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 group. Roughly 95% of all GPU miners had 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 akin to EthereumPoW didn’t assist that a lot.

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

2miners_54k_miners

Bitcoin payout was an excellent success final yr as BTC funds are very handy for the key a part of the miners. This yr we unfold the BTC funds characteristic to different cash. Now you can receives a commission in Bitcoin should you mine Ravencoin, Ergo, Ethereum Traditional, and Zcash. The BTC funds for Horizen are virtually prepared as effectively. We’d like to make this characteristic accessible 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 should you belief within the upcoming crypto bull run or not, cryptocurrency mining stays and we all the time do our greatest to give you the most effective mining expertise potential.

We want you all the most effective in 2023!

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

Keep in mind to comply with us on Twitter to get all of the information as quickly as potential.



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