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EverEarn Expanding To Ethereum Blockchain With $USDC Stablecoin Rewards

07 Nov 2022

Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion.

Bitcoin’s mining difficulty is still extremely high in comparison to the height it was in mid-August 2022. For instance, on Aug. 17, 2022, just before the year’s third largest difficulty increase, the difficulty was around 28.35 trillion. At 36.76 trillion, data shows the difficulty increased by 29.66% since Aug. 17, which makes it more than 29% more difficult to find a bitcoin (BTC) block today than it was in mid-August.

While the 0.20% drop is a small decrease, it is still helpful to miners in contrast to the difficulty rising higher. At the time of writing, Bitcoin’s total hashrate is around 269.86 exahash per second (EH/s). Records show that BTC’s total hashrate lifetime high (321.15 EH/s) recorded on Oct. 5, 2022, has been broken by a new record recorded on Oct. 31. On that day, at block height 761,186, Bitcoin’s total hashrate reached an all-time high at 327.35 EH/s.

The reason why the network’s mining difficulty dropped is because block generation time has slowed down. Block intervals are just over 10 minutes at the time of writing, as the block generation time is currently 10 minutes and six seconds long. This means, at least at current speeds, another difficulty decrease could be in the cards when it changes again on Nov. 20, 2022. However, a lot can change in two weeks or 2,016 blocks, and the recent 0.20% reduction helps miners.

Three-day statistics show Foundry USA leads the pack when it comes to today’s top bitcoin mining pools. Foundry commands 31.47% of the global hashrate with 84.07 (EH/s) of SHA256 hashpower dedicated to the Bitcoin chain. Foundry is followed by Antpool, F2pool, Binance Pool, and Viabtc respectively. Unknown hashrate or stealth miners command the sixth largest pool position in terms of hashrate size, with 10.59 EH/s or 3.96% of the global hashrate.

Bitcoin’s fourth block subsidy epoch or the next block reward halving is expected to happen between April 13 and April 22, 2024, after more than 77,000 BTC blocks are mined. On Nov. 7, 2022, the most profitable bitcoin mining rig is the Bitmain Antminer S19 XP Hyd. with 255 terahash per second (TH/s). At a very high electricity rate of $0.12 per kilowatt hour (kWh), the Bitmain-made model profits by $11.01 per day. If electrical costs shrunk to $0.07 per kWh, the Antminer S19 XP Hyd. can get an estimated $15.51 per day in profits.

What do you think about Bitcoin’s network difficulty slipping by 0.20% this week? Let us know what you think about the current state of the bitcoin mining ecosystem in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Bitcoin miners caught a small break late Sunday evening (ET) after the network’s mining difficulty dropped 0.20% lower than the difficulty rating two weeks prior. The drop is the first mining difficulty decrease in four weeks, as the metric changed from 36.84 trillion to 36.76 trillion.

Bitcoin’s mining difficulty is still extremely high in comparison to the height it was in mid-August 2022. For instance, on Aug. 17, 2022, just before the year’s third largest difficulty increase, the difficulty was around 28.35 trillion. At 36.76 trillion, data shows the difficulty increased by 29.66% since Aug. 17, which makes it more than 29% more difficult to find a bitcoin (BTC) block today than it was in mid-August.

While the 0.20% drop is a small decrease, it is still helpful to miners in contrast to the difficulty rising higher. At the time of writing, Bitcoin’s total hashrate is around 269.86 exahash per second (EH/s). Records show that BTC’s total hashrate lifetime high (321.15 EH/s) recorded on Oct. 5, 2022, has been broken by a new record recorded on Oct. 31. On that day, at block height 761,186, Bitcoin’s total hashrate reached an all-time high at 327.35 EH/s.

The reason why the network’s mining difficulty dropped is because block generation time has slowed down. Block intervals are just over 10 minutes at the time of writing, as the block generation time is currently 10 minutes and six seconds long. This means, at least at current speeds, another difficulty decrease could be in the cards when it changes again on Nov. 20, 2022. However, a lot can change in two weeks or 2,016 blocks, and the recent 0.20% reduction helps miners.

Three-day statistics show Foundry USA leads the pack when it comes to today’s top bitcoin mining pools. Foundry commands 31.47% of the global hashrate with 84.07 (EH/s) of SHA256 hashpower dedicated to the Bitcoin chain. Foundry is followed by Antpool, F2pool, Binance Pool, and Viabtc respectively. Unknown hashrate or stealth miners command the sixth largest pool position in terms of hashrate size, with 10.59 EH/s or 3.96% of the global hashrate.

Bitcoin’s fourth block subsidy epoch or the next block reward halving is expected to happen between April 13 and April 22, 2024, after more than 77,000 BTC blocks are mined. On Nov. 7, 2022, the most profitable bitcoin mining rig is the Bitmain Antminer S19 XP Hyd. with 255 terahash per second (TH/s). At a very high electricity rate of $0.12 per kilowatt hour (kWh), the Bitmain-made model profits by $11.01 per day. If electrical costs shrunk to $0.07 per kWh, the Antminer S19 XP Hyd. can get an estimated $15.51 per day in profits.

What do you think about Bitcoin’s network difficulty slipping by 0.20% this week? Let us know what you think about the current state of the bitcoin mining ecosystem in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Last year, Bitcoin’s total network hashrate was around 160 exahash per second (EH/s), and 15 known mining pools dedicated hashrate to Bitcoin on Nov. 6, 2021. At that time, the mining pool Foundry USA was the fifth largest mining pool with 18.44 EH/s dedicated to the Bitcoin chain. During the last 12 months, Foundry has managed to increase the pool’s hashrate by more than 350% climbing to 84.34 EH/s on Nov. 6, 2022.

The bitcoin mining pool Foundry USA has been a force to be reckoned with during the last 12 months. The mining operation Foundry USA is owned and operated by Foundry, a mining, staking, and consulting firm based in Rochester, New York. The company was created by Digital Currency Group (DCG) and it was founded in 2019, according to a press release announcing the mining arm on Aug. 27, 2020.

Statistics from the web portal btc.com show the earliest recorded sighting of Foundry, at least according to saved archive.org snapshots, was on Feb. 14, 2021. However, a report published by Cointelegraph on Jan. 26, 2021, indicates Foundry was positioned in the top ten mining pool standings. The report shows Foundry was dedicating 2.74 EH/s to the BTC chain and controlled 1.85% of the 147 EH/s total.

The archived snapshot on Feb. 14, 2021, shows Foundry’s hashrate equated to 1.13% of the global aggregate or 1.78 EH/s. On that day, Foundry held the 15th largest position worldwide during a three-day span out of 19 known mining pools. Out of 444 blocks mined in a three-day span, Foundry discovered five blocks. 12 months ago, Foundry held the fifth largest position in terms of total hashrate with around 11.51% of the network and 18.44 EH/s on Nov. 6, 2021.

During a three-day span, Foundry’s pool discovered 51 BTC block rewards out of 443 rewards found. The pool has seen enormous growth during the last 12 months as Foundry’s hashrate has increased by 357.37% since then compared to stats recorded today. Records show on Nov. 6, 2022, Foundry’s hashrate is around 84.34 EH/s after it discovered 130 blocks out of 415 blocks mined in a three-day span. The three-day statistics indicate that Foundry’s percentage of hashrate out of the aggregate is roughly 31.33%.

Year-long data recorded on Oct. 15, 2021, also shows 52,258 BTC blocks were mined in a 12-month span. F2pool was the top mining pool at the time, according to the archive.org snapshot, as it discovered 8,187 of the 52,258 bitcoin blocks found. Foundry, on the other hand, managed to discover 1,978 blocks out of the 52K which represents around 3.79% of the total hashrate recorded on Oct. 15, 2021. Year-long data on Nov. 6, 2022 indicates that 53,495 blocks were mined in 12 months.

Foundry USA managed to capture 11,109 blocks since Nov. 6, 2022, which equates to 20.77% of the aggregate hashrate during a 12-month span. Other top mining pools during the last 12 months include Antpool, F2pool, Binance Pool, and Viabtc, respectively. While Foundry’s block percentage has been huge this year, out of all-time statistics the pool’s number of blocks found equates to 1.77% or 13,462 blocks found out of the total 762,026 BTC blocks mined by Nov. 6, 2022, at 4:30 p.m. (ET).

All-time statistics show that unknown miners, otherwise known as stealth miners, have found the most blocks with 226,055 blocks found. Out of the 98 known mining pools that have been mining on the blockchain since known pools were recorded, F2pool reigns champ with the most BTC blocks found. F2pool has managed to snag 74,545 BTC blocks out of the 762K found as of today. F2pool is followed by Antpool, Btc.com, Braiins Pool (formally known as Slush pool), and the now-defunct Btc Guild.

What do you think about Foundry climbing to the top position in terms of bitcoin mining pools with the most hashrate this year? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments

Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.

Last year, Bitcoin’s total network hashrate was around 160 exahash per second (EH/s), and 15 known mining pools dedicated hashrate to Bitcoin on Nov. 6, 2021. At that time, the mining pool Foundry USA was the fifth largest mining pool with 18.44 EH/s dedicated to the Bitcoin chain. During the last 12 months, Foundry has managed to increase the pool’s hashrate by more than 350% climbing to 84.34 EH/s on Nov. 6, 2022.

The bitcoin mining pool Foundry USA has been a force to be reckoned with during the last 12 months. The mining operation Foundry USA is owned and operated by Foundry, a mining, staking, and consulting firm based in Rochester, New York. The company was created by Digital Currency Group (DCG) and it was founded in 2019, according to a press release announcing the mining arm on Aug. 27, 2020.

Statistics from the web portal btc.com show the earliest recorded sighting of Foundry, at least according to saved archive.org snapshots, was on Feb. 14, 2021. However, a report published by Cointelegraph on Jan. 26, 2021, indicates Foundry was positioned in the top ten mining pool standings. The report shows Foundry was dedicating 2.74 EH/s to the BTC chain and controlled 1.85% of the 147 EH/s total.

The archived snapshot on Feb. 14, 2021, shows Foundry’s hashrate equated to 1.13% of the global aggregate or 1.78 EH/s. On that day, Foundry held the 15th largest position worldwide during a three-day span out of 19 known mining pools. Out of 444 blocks mined in a three-day span, Foundry discovered five blocks. 12 months ago, Foundry held the fifth largest position in terms of total hashrate with around 11.51% of the network and 18.44 EH/s on Nov. 6, 2021.

During a three-day span, Foundry’s pool discovered 51 BTC block rewards out of 443 rewards found. The pool has seen enormous growth during the last 12 months as Foundry’s hashrate has increased by 357.37% since then compared to stats recorded today. Records show on Nov. 6, 2022, Foundry’s hashrate is around 84.34 EH/s after it discovered 130 blocks out of 415 blocks mined in a three-day span. The three-day statistics indicate that Foundry’s percentage of hashrate out of the aggregate is roughly 31.33%.

Year-long data recorded on Oct. 15, 2021, also shows 52,258 BTC blocks were mined in a 12-month span. F2pool was the top mining pool at the time, according to the archive.org snapshot, as it discovered 8,187 of the 52,258 bitcoin blocks found. Foundry, on the other hand, managed to discover 1,978 blocks out of the 52K which represents around 3.79% of the total hashrate recorded on Oct. 15, 2021. Year-long data on Nov. 6, 2022 indicates that 53,495 blocks were mined in 12 months.

Foundry USA managed to capture 11,109 blocks since Nov. 6, 2022, which equates to 20.77% of the aggregate hashrate during a 12-month span. Other top mining pools during the last 12 months include Antpool, F2pool, Binance Pool, and Viabtc, respectively. While Foundry’s block percentage has been huge this year, out of all-time statistics the pool’s number of blocks found equates to 1.77% or 13,462 blocks found out of the total 762,026 BTC blocks mined by Nov. 6, 2022, at 4:30 p.m. (ET).

All-time statistics show that unknown miners, otherwise known as stealth miners, have found the most blocks with 226,055 blocks found. Out of the 98 known mining pools that have been mining on the blockchain since known pools were recorded, F2pool reigns champ with the most BTC blocks found. F2pool has managed to snag 74,545 BTC blocks out of the 762K found as of today. F2pool is followed by Antpool, Btc.com, Braiins Pool (formally known as Slush pool), and the now-defunct Btc Guild.

What do you think about Foundry climbing to the top position in terms of bitcoin mining pools with the most hashrate this year? Let us know what you think about this subject in the comments section below.

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments

Russia’s recently revised bill “On Digital Currency” limits crypto purchases for non-qualified investors while providing legal ground for some cryptocurrency payments, according to local media. The draft law, proposed by the Russian finance ministry, also introduces strict requirements for platforms ... read more.

PRESS RELEASE.

It’s no secret to anyone that the past several months have been some of the worst performing markets in virtually every sector, thanks to the macroeconomic effects of high inflation around the world, alongside global uncertainty.

The EverEarn team however has spent this time planning their next steps and getting ready for expansion; which is happening now!

The EverEarn token ($EARN) launched on the BNB Chain in January 2022 with a simple goal; to show that a new startup cryptocurrency can be run like a business from the beginning, without any false hype or empty promises, while providing increased passive stablecoin ($BUSD) payouts, and continue to grow, evolve, and expand.

EverEarn Expansion

Despite the economic downtrend for the past 8 months, EverEarn has paid out over $2 million in $BUSD stablecoin back to holders and is now expanding to the Ethereum blockchain. The team has maintained daily community voice chats since launch, and provides a monthly community address, which gives everyone a clear picture of the activities for the current month, as well as the month ahead. The EverEarn team is now bringing this community mentality and commitment to the Ethereum blockchain, and is doing so in a big way.

Explosive Launch for Ethereum

The EverEarn team has amassed over a dozen social media influencers with more than 605,000 followers to help spread the news that they are expanding. They’ve also formed marketing and development partnerships with EY Studios, Brave Browser, Bitcoin.com, ‘Rug Free Coins’, ‘Mike Tha Investor’, and ‘Mobile Tradez’. In total, marketing and advertising is being pushed out to millions of crypto-investors ahead of the EverEarn Public Whitelist Presale happening on Nov. 9, 2022. And that’s just the beginning.

Stablecoin Rewards on Multiple Blockchains

With the launch on Ethereum (and launch on Polygon in December 2022), EverEarn will be providing holders with high ratio stablecoin rewards across multiple blockchains:

All project wallets are blacklisted within the solidity contract, and all future-use tokens are locked within trusted 3rd party launchpad platforms.

During the first 4 weeks of the $EARN ETH launch, ‘diamond hand holders’ (those who do not sell), will earn a chance to split all the stablecoin ($BUSD/$USDC) amassed within promotion wallets specifically meant to reward those who hold long term.

Public Whitelist Presale Registration: https://www.everearn.academy/whitelist-promotion

Social Media Handles:

Twitter: https://twitter.com/theEverEarn

Telegram: https://t.me/EverEarnOfficial

Website: https://everearn.net

Academy: https://www.everearn.academy

 

 

 

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Australia to List Bitcoin ETF After 4 Clearinghouse Participants Commit to Meet Stringent Margin Terms

Australia is set to get its first bitcoin exchange-traded fund (ETF) after a report suggested the country's clearinghouse, ASX Clear, confirmed that four market participants agreed to meet its stringent margin requirements. ASX Clear's Margin Requirements An Australian clearinghouse controlling ... read more.

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