During this week, cryptomint mining in general was the protagonist of events that made headlines. The two main digital currencies, Bitcoin and Ethereum, were at the forefront of the news scene.
The constant development of Bitcoin mining and the trade of the new S19 series equipment are just some of the epicenters that make the whole community move towards the main cryptomone.
On the other hand, the ETH 2.0 update of Ethereum, is another of the highlights that have generated news. Thousands of people in the social networks are waiting to see what will happen with the second most important cryptomone due to its market capitalization.
Kryptomone mining in context
The mining of the main kryptonie is the most dynamic in this virtual business. During the week the Hash Rate continued to fall, although not to an extent that can be considered a massive disconnection of obsolete miners.
This may be related to the low price of electricity in China. It should be remembered that the rainy season in Sichuan will continue for a few more months until approximately October.
Another important development in the area of Bitcoin mining is the increase in cryptomoney sent from the miners to the exchanges. This situation could be influencing the fall in the price to $9,100 at the time of writing.
Also, the constant diaspora of mining from China to the West continues to be witnessed. U.S. companies involved in cryptomining and Blockchain mining in general are making massive purchases of state-of-the-art equipment.
In this way, the power of hash with modern equipment is progressively decentralizing Bitcoin Revolution mining. Although China is still by far the leader in this field, the trend is decreasing in that nation, while in the United States, it is increasing.
Bitcoin mining in the US strengthened after massive ASIC purchase
Ethereum 2.0 Update
Another of the most popular aspects in the world of cryptomining is the update of Ethereum. This week, the first Altona multi-level Tesnet was announced, which will start working in a few days.
It should be taken into consideration that, according to what has been commented, the ETH 2.0 update will come into effect at the end of this year 2020. In this way, Ethereum mining will enter a terminal phase as we know it up to now.
This is because now, the extraction of ETH will be done by means of the Proof-of-Stake (PoS) protocol instead of the Proof-of-Work (PoW). However, the network programmers assure that both systems will be kept parallel for a while.