• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

TronWeekly

Crypto World News

  • Home
  • Education
    • Best TRON Wallets
    • Beginner’s guide to TRON
  • Opinion
    • Tron Tokens
    • Market Analysis
  • Industry
    • Tron Exchange
    • Project Review
  • Press Release
  • Advertise
  • About us
    • The Team
    • Editorial Policy
    • Write for us
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • Contact
You are here: Home / Archives for ethereum mining

ethereum mining

Largest Ethereum Mining Firm To Cease Operations As Merge Goes Live

September 15, 2022 by Goku

Ethereum’s transition to merge has been completed. Since the blockchain has finished its historic technological update, Ethermine, the largest Ethereum mining service provider by computer power, has shut down its servers for miners.

The announcement was made previously with the widely anticipated “Merge” software update for Ethereum, which will switch the most popular blockchain from a proof-of-work to a proof-of-stake consensus mechanism.

This implies that currently, ETH miners will no longer be able to mine Ether on the ETH network because investors who hold Ether will take the position of the powerful graphic cards that were previously needed to verify transaction data. These validators will go forward securely validating network data and securing the Ethereum blockchain.

“As a consequence of this transition, the Ethermine ETH mining pool will switch to withdraw-only mode once the Proof-of-Work mining phase has ended. At that point, “all Ethermine stratum servers will be shut down, and you will no longer be able to connect your miner to the Ethermine ETH pool.”

Ethermine tweeted on Wednsday

The much-awaited Ethereum merge is live

Since the Merge, the network has shifted over to proof-of-stake (PoS). On September 15 at 06:42:42 UTC at block 15537393, the Beacon Chain’s consensus layer and the ETH Mainnet’s execution layer were combined, bringing about the long-awaited Merge. The network will no longer depend on a proof-of-work consensus algorithm as a result.

The Ethereum Foundation claims that The Merge will boost the energy efficiency of the Ethereum network by around 99.95% and open the door for future scaling alternatives like sharding.

The Merge will fundamentally alter how businesses see ETH, even if it may not have an impact on the majority of current commercial use cases.

In addition to actual energy savings, the transition to proof-of-stake increases ETH’s security and lays the way for potential future advancements.

Filed Under: Industry, Altcoin News, News Tagged With: ETH, ethereum mining, ethermine, Merge

Norton crypto to let users mine Ethereum on PC within its antivirus programme

June 3, 2021 by Chayanika Deka

The antivirus and security software company, Norton announced the launch of ‘Norton Crypto’, a feature that is designed to allow users to securely and easily mine Ethereum [ETH] through its Norton™ 360 platform.

According to the official press release, select Norton 360 consumers in the company’s early adopter program will be invited to mine the cryptocurrency starting from the 3rd of June. This feature is not yet available for personal PC and consumers. The cybersecurity company, however, expects this to roll out for all users in the coming months.

Following the development, Vincent Pilette, CEO of the US-based software firm, commented,

“As the crypto economy continues to become a more important part of our customers’ lives, we want to empower them to mine cryptocurrency with Norton, a brand they trust. Norton Crypto is yet another innovative example of how we are expanding our Cyber Safety platform to protect our customers’ ever-evolving digital lives”

Norton Crypto: In Brief

Cryptocurrency mining is a risky proposition in itself. But doing it on PCs and computing devices can bring about additional woes. Mining operations can make the systems vulnerable to ransomware, malware as well as virus injections.

Along the same line, the company acknowledged the risks associated with the crypto mining sector especially the security compromises in order to run mining and letting unwanted code on their device that could be skimming from their earnings or riddled with ransomware.

The main objective of the platform is to deliver a safe, secure way for users to mine the cryptocurrency while eliminating the risks associated with opening themselves and their devices up to the aforementioned drawbacks. The latest product also comes with its own wallet system. In this, the consumers can track and transfer their earnings. which are then saved in the cloud so it cannot be lost at the time of potential hard drive failure.

Filed Under: News, Altcoin News Tagged With: Crypto Mining, Ethereum (ETH), ethereum mining

Ethereum Mining Pool Unveils MEV Beta To Compensate Miners After EIP-1559 Activation

March 18, 2021 by Chayanika Deka

Ethermine, which happens to be one of the world’s largest Ethereum mining pools, has unveiled the ‘Maximal Extracted Value’ [MEV] software strategy. The introduction of this software’s beta program is intended to compensate for the upcoming mining reward reduction caused by the adoption of EIP-1559.

It essentially means that 80% of the MEV revenue will be distributed alongside the mining block rewards. According to the official announcement by Bitfly, the operator behind the Ethereum mining pool, 5% will be directed to supporting the ecosystem via Gitcoin grants, and the remaining amount will be utilized for further development of the MEV strategies.

The platform revealed that there could be an increase of 1-10% in mining rewards.

Activation of the contentious EIP 1559 aimed to combat the age-old debate of Ethereum’s high Gas fees. This proposal aims to introduce ETH burning, which, in turn, enhances stability and alleviate economic inefficiencies in terms of mining. It was first fronted by Eric Conner, who happens to be the co-founder of EthHub.

EIP 1559 is touted as the one of most significant and controversial alterations to the Ethereum blockchain.

While commenting on the proposal, Bitfly stated,

“We opposed EIP-1559 because of security concerns. These concerns could get mitigated by adopting EIP-3368. Independent of the outcome (EIP-1559 & EIP-3368) we’ll never endorse nor pariticipate in any kind of hostilities by miners against the network.”

Why Is Ethereum Mining Industry’s Discontent With The Proposal?

Generally, for a transaction to be included in a block, an Ethereum user sends a gas fee to a miner. However, with this proposa, the gas fee will now be sent to the network itself. This can be represented as a kind of “burn” called basefee with only an optional tip paid to ETH miners. Since the burnt fee is set algorithmically, this enables the users on the network to pay a fair fee.

But this did not sit well with application creators and users of the network because of the current difficulty of picking a correct transaction fee. In fact, several miners and mining pools have openly opposed the EIP 1559 due to fears of revenue loss with fee burnings.

Enter MEV

In a bid to compensate miners who are certain to face huge revenue declines, miners as well as developers have turned to MEV as a quick replacement. With this implementation, miners can now benefit their position as “arbiters” in how blocks are packed to “front-run” profit-making trades.

Earlier, Flexpool had announced taking MEV integration out of Beta testing and launching out across all regions.

Filed Under: Altcoin News, News Tagged With: Bitfly, EIP 1559, ethereum mining, ethermine

Primary Sidebar

Recent Posts

  • Strategy Doubles Down: Saylor Signals Massive 10th Bitcoin Buy Streak June 16, 2025
  • TIA Eyes Breakout: Falling Wedge Signals Bullish Reversal Toward $4.20  June 16, 2025
  • Filecoin (FIL) Charts Signal Bullish Reversal – Analysts Eye $5 Target in 2025 June 16, 2025
  • Ethereum’s Next Move? Technical Chart Hints at Major 2025 Rally June 16, 2025
  • Chainlink (LINK) Forms Head and Shoulders Pattern, Further Drops Could Hit $10-11 June 16, 2025

Footer

News

  • Altcoin News
  • Bitcoin News
  • Blockchain
  • Tron News
  • World

Digest

  • Meet the Founder
  • Price Winning Article
  • DeFi
  • Cyber Security
  • Crypto Scam

Industry

  • Project Review
  • Technology
  • Fintech
  • Tron Exchange
  • New in Town

Tron Universe

  • Event and Tron Parties
  • New in Town
  • Tron Tokens

Follow Us

Subscribe US

Copyright © 2025 · Tron Weekly. All Rights Reserved. NOTE: Tron Weekly is an independent crypto news site that adheres to the strict journalism policy anchored on transparency, trust, and objectivity, we have no affiliation with the TRON Foundation, its founder Justin Sun or any other cryptocurrency firm.