BTG Mine and MinerTopia stops BTG mining

According to the statements of two mining pools, BTG mining is unprofitable
16 November 2017   2755

The MinerTopia mining pool officially announced the closure of its Bitcoin Gold mining pool section due to significant losses. 

At the official website of MinerTopia, the Bitcoin Gold section is market as closed and website of BTG mining section is unavailable.

BTG Mine pool also reported about the stop of BTG mining.

Users of new crypto currency continue to complain about problems with wallets and low transaction speed.

Bitcoin Gold Price

At the moment of press, average Bitcoin Gold price is $174.06. 

Bitcoin Gold price chart
Bitcoin Gold price chart

It is wotth noting that the biggest amount of BTG trading comes to Bitfinex and HitBTC exchanges.

Bitcoin Gold Markets
Bitcoin Gold Markets

It is also worth noting that BTG has "?" as a marketcap at Coinmarketcap website.

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   91

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.