Daily Archives: 05/08/2021

Zcash founder invited the community to move to PoS consensus

Zcash founder Zuko Wilcox encouraged the community to abandon the Proof-of-Work (PoW) consensus method and switch to Proof-of-Stake (PoS). Since its inception, the Zcash blockchain has operated on a Proof of Work (PoW) consensus. Initially, the ZEC cryptocurrency could be mined on graphics processing units (GPUs). In 2018, Bitmain launched specialized ASIC miners for Zcash mining, after which GPU mining became obsolete. Wilcox now sees more benefits in Proof of Stake (PoS) consensus. Wilcox stated…

Stronghold Digital Mining will double mining capacity to 165 MW

Mining company Stronghold Digital Mining intends to increase its capacity to 165 MW through the acquisition of the Panther Creek power plant in Pennsylvania. Stronghold Digital Mining has signed an agreement to purchase the Panther Creek Power Plant, located on a 33-acre site in Carbon County, Pennsylvania. The power plant has a generating capacity of 80 MW and upon receiving regulatory approval, the deal will double Stronghold’s current capacity to 165 MW. Stronghold recently raised…