That's a lot of miners.

Deep Rock Galactic was already popular before it came to PlayStation 5 and PS4 — and in turn PS Plus — at the start of this month, but the game's inclusion in Sony's subscription service has added so many new miners that it has reached a new milestone. More than 10 million players have now got to work with a pickaxe since the title's initial release in 2018, and a whopping six million of them are already playing on PS5 and PS4. That's the power of PS Plus.

Developer Ghost Ship Games shared the news in a press release, which also noted the inclusion of a free Battle Pass for players to work through and the recognition the game received throughout 2021. "The way Deep Rock Galactic has always been developed is directly with the community," said Ghost Ship Games CEO Søren Lundgaard. "We are a small team, undertaking a huge console launch so it is amazing to have the community working with us every step of the way, and we can't wait to show off what we are going to give back to them in Season 02 this Spring!"

Read the full article on pushsquare.com

Ether (ETH) is the main token of the Ethereum blockchain and the world’s second-largest cryptocurrency by market capitalization. Just like the largest cryptocurrency, bitcoin, ether can be used to send payments directly to another person without the need for an intermediary such as a bank. The long-term vision for Ethereum is to power more than…

The post What Is Ether? appeared first on Bitcoin News Miner.

Bitcoin miner Rhodium Enterprises plans to offer 7.69 million shares at $12-$14 each in an initial public offering (IPO), according to its U.S. Securities and Exchange Commission (SEC) filing. After the IPO, the company will have about 56.8 million class A shares outstanding, implying a market cap of between $682 million to $796 million. The…

The post Bitcoin Miner Rhodium’s Planned IPO Values It at Up to $796M appeared first on Bitcoin News Miner.

A record high consumption of electricity blamed on illegal crypto farms in northwestern Georgia has caught the attention of authorities in the capital Tbilisi. The central government and the local utility are taking on the issue of dealing with power shortages in the mountainous region of Svaneti. With Tourism Hit by Pandemic, People in Georgia […]

Molly White, a longtime editor of Wikipedia who edits under the username GorrilaWarfare, has submitted a proposal that seeks to end the Wikimedia Foundation’s acceptance of crypto donations. The foundation is a nonprofit charitable organization that has been set up to fund Wikipedia. White’s concerns revolve primarily around the environmental impact of cryptocurrencies. Currently, Wikipedia accepts Bitcoin, […]

On January 11, 2022, the Washington-based bitcoin mining operation Luxor announced the launch of a new application-specific integrated circuit (ASIC) trading desk. According to the company, Luxor’s new trading desk will give miners and investors access to bitcoin ASIC mining rigs “at a fair market price.” NYDIG-Backed Mining Operation Luxor Reveals ASIC Trading Desk Service […]

People use bitcoin by sharing their payment address that looks like this : mp525tN8b3v4aos32hQT8E6cepdhZVyqVC Let us suppose this bitcoin address belongs to a shopkeeper. The shopkeeper puts this address on a poster behind the shop in the form of a QR code. Now, customers can scan that code with their bitcoin wallet application to pay for their bought items.  The problem is anyone can look for that address in the bitcoin blockchain and can see every incoming or outgoing transaction of that address and the total bitcoin balance of the address. Anyone with that information can get an idea of how rich the shopkeeper is and how successful the shop has been in the past. This information can be exploited by bad actors such as robbers for their personal gains. Also, if we are sitting next to someone while they pay for their bought items, then we can get the idea of how rich the customer sitting next to us is, by seeing the most recent incoming transaction to the shopkeeper’s address and then looking up the balance of the sending address i.e the customer address. So, Bitcoin does not provide full financial privacy, and your average innocent user gets no privacy whatsoever. There are various examples like this, where user privacy can be breached and information gained through it can be exploited by bad actors for their personal gains. Zcash protocol solves this problem of financial privacy for the users. It allows users to send money anywhere without risking their privacy.  What is Zcash and How does it enhance privacy? Zcash is a privacy cryptocurrency that provides anonymous value transfer using zero-knowledge-proof cryptography technology. Zcash is a bitcoin fork and most of the Zcash code is built from bitcoin’s original open-source code but there is a key difference that it uses encryption techniques in payments for privacy. The protocol provides two choices to the user when they transact, they can choose a shielded address for their transaction which will be fully anonymous or they can choose a transparent address where their transactions will be fully visible on the blockchain. When the user uses a shielded address for their transactions, details of transactions are not available for the public to see on the blockchain. Shielded addresses transaction information is encrypted and is not visible to the public. All the transactions that are executed by transparent addresses are visible publicly on the blockchain. How does Zcash Works?           The above diagram shows the whole process of Zcash transactions Zero-knowledge proofs are required to be generated when the user uses shielded addresses for transactions. It allows others to verify transaction details by keeping them private and not revealing them to the public. Shielded addresses always start with a ‘z’ and are called ‘z-addrs’. Similarly, when the user uses transparent addresses, all the transactions interact with the Transparent Value Pool and transactions details are publicly available in the blockchain. These transparent addresses always start with “t” and are called ‘t-addrs’. All the details of transaction fees of both transparent addresses and shielded addresses transactions pass through the Transparent Value Pool and are easily visible in the blockchain.  Tokenomics Zcash token symbol is $ZEC. Similar to bitcoin, the maximum supply of Zcash tokens is 21 million. All Zcash tokens will be mined by 2032, and Zcash block rewards will get halved every four years. In the initial four years after the starting of Zcash mining, 20 percent of its block rewards will be distributed to Electric Coin Company, and 80% of its block rewards will be distributed to miners. At the time of writing this article, the circulating supply of Zcash is 11.99 million, the price of Zcash token is 144.40 US dollars and the market cap of Zcash is 1.73 billion US dollars. Main Features of Zcash Low-Fee Transactions Transactions fees on Zcash protocol are very low i.e 0.0001 Zcash. Zcash token is supported by various crypto wallets and exchanges. Encrypted Memos   When a user does transactions from a shielded address, a memo field is available to fill in any information. Encrypted memos allow the sender to send information that is encrypted and not available for the public to see. Messages and important information can be passed in the memo field. The Rules of compliance made by the Bank Secrecy Act “Travel” are also followed. Viewing Keys For the purpose of regulatory compliance or auditing, transaction details can be revealed by the owner of shielded addresses. The owner can reveal all the incoming transactions and the info in the memo field but can’t disclose the sender’s address unless any information identifying the sender’s address is already mentioned in the memo field.  Multi-Signature Transactions Zcash also supports transactions that require signatures of multiple parties and after their approval, the funds … Continued

The post Zcash Protocol Review: Providing Financial Privacy to Public appeared first on Cryptoknowmics-Crypto News and Media Platform.

Representatives of parties from various corners of the political spectrum in Thailand have expressed their disagreements with the government’s plan to tax profits from cryptocurrencies. The reactions come after recent reports revealed that the Finance Ministry in Bangkok intends to introduce a 15% levy on profits from crypto investments and trading. More and more countries […]

Read full post Political parties in Thailand oppose the finance ministry’s 15% tax on crypto profits law. on Chaintimes.com.

The post Bitcoin Price Breaches Critical Support, But Can It Shore Up the Move Above $50k? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Bitcoin price has kicked off its recovery after the January 5th market crash. There is an exponential surge in purchasing activity as investors accumulate the asset.  As buying activity escalated, a total of $7.8 billion worth BTC was bought over the past week. The demand across crypto exchanges catalyzed the asset’s price to break above …

The U.S. released its inflation data on Wednesday, January 12, but this doesn’t seem to dampen the sentiment for Bitcoin investors as of now. Bitcoin is trading in the green zone as of press time at price levels above $43,700. Whether Bitcoin remains a buy or a sell at this stage remains a big question

The post Buy or Sell Bitcoin (BTC)? These Charts and On-Chain Metrics Will Help You Decide appeared first on CoinGape.

Each of the lucky miners will take home over $266,000 and bragging rights to overcoming “one in several billion odds.”

Measuring Bitcoin’s environmental impact with “energy per transaction” is misleading and disingenuous.