Tag Archive : Bitcoins

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KEY POINTS

  • Ethereum was more profitable to mine than Bitcoin in September 2020
  • Mining revenues soared because of the excitement over decentralized finance
  • As DeFi excitement wanes, observers are watching closely the launch of Ethereum 2.0

During the month of September, revenue from mining Ethereum has eclipsed that of Bitcoin’s thanks to the excitement surrounding decentralized finance (DeFi).

According to the data from analytics firm Glassnode, miners in the Ethereum network collected 450,089 ETH worth $168.7 million. This is a 39% increase from the previous month’s total of $113 million, Cointelegraph reported.

In contrast, miners in the Bitcoin network netted only $26 million in September, which is a decrease from the $39 million they earned the previous month. This effectively makes mining Ethereum more profitable than mining Bitcoin.

The increase in miner revenue came from the community’s excitement over decentralized finance (DeFi).

Several DeFi protocols and tokens made headlines last

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Written by Oscar Holland, CNN

Bitcoin may be completely paperless, but one artist has meticulously dragged it into the physical world by hand-painting the cryptocurrency’s 12.3 million-digit founding code across 40 separate paintings.

Working under the project name Robert Alice, artist Ben Gentilli spent three years working on the canvases, which he has collectively titled “Portraits of a Mind.”

Using specialist machinery, he engraved each painting with over 300,000 digits of the complex code underpinning the virtual currency. Each digit was then hand-painted, producing what its creator calls a “digital fingerprint carved out of paint.”

“The core idea of the project was, ‘How do you make something of real cultural value within the Bitcoin sphere?'” Gentilli said via video call. “And for me, the thing I kept coming back to was this code base, because it’s really the very basis of Bitcoin culture.”

The decision to split the work across

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