Bitmain to Unveil Computing Power Volume

Bitmain claims that they have the following computing powers: 1692.05 PH/ sec on the SHA256 algorithm, 339.69 GH / s on ETHASH and only 44.19 GH / s on SCRYPT
26 July 2018   1295

The largest manufacturer of mining equipment Bitmain will update every 30 days information about its own mining capacities and show which hashrates the company controls on three algorithms: SHA256, ETHASH and SCRYPT. 

To put it plainly, we believe that communities served by Bitmain and its products should be supported and served as transparently as possible. Recent measures have included restricting order quantities, ensuring a first-paid-first-ship order of fulfillment, blocking IPs that we suspect to be hoarding, and publishing detailed shipping updates openly.
 

Bitmain

Bitmain claims that they have the following computing powers: 1692.05 PH/ sec on the SHA256 algorithm, 339.69 GH / s on ETHASH and only 44.19 GH / s on SCRYPT.

Bitmain also denied accusations that the company-controlled pools specifically produce empty blocks. Representatives of the organization believe that the problem of generating empty blocks exists at the protocol level.

Moreover, the company promised to publish data on the number of new miners in the first batch and delivery dates.

Previously, the analytical resource CoinDance reported that in the penultimate week of June, Bitmain-controlled pools of BTC.com and Antpool produced 25.5% and 16.5% of all blocks of bitcoin, respectively.

Buterin to Propose to Increase PoS-Validators Reward

According to Vitalik proposal, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%
23 April 2019   97

The creator of Ethereum, Vitalik Buterin, published on GitHub a proposal on changing the reward scheme for validators after the transition of ETH to the Proof-of-Stake consensus mechanism (PoS).

According to the formula proposed by Buterin, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%.

Buterin PoS Validators Reward Proposal
Buterin PoS Validators Reward Proposal

The more assets are fixed for validation, the lower the interest rate. So, 134 217 728 ETH will bring cryptoinvestors only 1.56% per annum. At the same time, the maximum annual emission volume will be 2,097,152 ETH.

Considering that the current volume of Ethereum's market offer is 105,777,585 ETH, this offer is focused on the medium and long term. Buterin also clarified that the profitability indicators are shown without taking into account proceeds from transaction fees. Consequently, the actual income of validators can be several percent higher than the values ​​indicated in the table.

According to Justin Drake, a researcher at the Ethereum Foundation, if after implementing PoS 32 million ETH will be allocated for stacking, the income of validators will be 3.2% per annum. At the same time, the annual emission indicator will be 1% (for comparison, the current indicator of Bitcoin inflation is 3.94%).

In this case, Drake notes that after the activation of EIP 1559 of the funds collected in the form of commissions, will be destroyed. Consequently, with an average gas consumption of each shard of 1000 ETH per year, inflation will drop to 0.5%.

Users left generally positive comments on the offer. However, some of them expressed fears that in the new conditions the exchange may receive significant advantages, which will be able to do stacking at the expense of clients.