Bitcoin core contributor urges maximalists to take a different route

There was once a time when Bitcoin (BTC) was the only crypto project that was not a scam, and advocating for only BTC made perfect sense. However, according to a Bitcoin Core contributor, this has not been true for a while, as he urged the community to drop the us-versus-them culture.  In a Twitter thread, Matt Corallo, who contributed to the Bitcoin Core, pointed out to the community that at the moment, instead of BTC proponents advocating why Bitcoin is unique and remarkable, they are spending time attacking other projects.…

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Core Scientific increased Bitcoin production by 10% in July amid Texas power cuts

Crypto mining firm Core Scientific reported its operations produced 1,221 Bitcoin (BTC) in July even as the company powered down several times in response to demand on the Texas power grid. In a Friday announcement, Core Scientific said its month-over-month Bitcoin production had increased from 1,106 in June to 1,221 in July — roughly 10.4%. The firm reported curtailing operations “due to extreme temperatures at multiple data centers,” but also increased the number of its self-mining servers and hashrate by 6%, to 109,000 and 10.9 exahashes per second (EH/s), respectively. JULY 2022…

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Core Scientific to increase ASIC server capacity by 75 MW

United States Bitcoin (BTC) miner Core Scientific has signed a new colocation agreement to increase its data center hosting capacity by 75 megawatts (MW), a move intended to showcase the company’s ongoing commitment to boosting its infrastructure capabilities amid the ongoing bear market.  The new agreement will generate roughly $50 million in annual revenue for Core Scientific once the ASICs are fully deployed, the company announced Tuesday. The agreement includes provisions for prepayments that will allow the company to scale its infrastructure capabilities to host the additional servers. Deployment of…

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Former head of TikTok gaming leaves Web2 to build core Web3 protocol

Cointelegraph had the opportunity to chat with Jason Fung, former head of gaming at TikTok, about his new company Meta0, why he decided to make the leap into Web3 and what he feels the future has in store for him.  The former gaming head expressed an elevated level of excitement, proclaiming that it was Day One for the fledgling Metaverse technology startup. Fung explained that he plans to bring his wealth of knowledge and experience in gaming and software development to achieve a grander version of what the Metaverse could…

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Core Ethereum developer details changes to expect after the Merge

Core Ethereum (ETH) developer Tim Beiko has outlined a series of suggestions and expectations about the upcoming Merge for applicatio and protocol developers on Ethereum. For the average users of apps and protocols, Beiko simply suggested testing things out to ensure nothing is broken as more tests are executed. He tweeted on May 24 “Run stuff, if something is unclear or broken, leave a comment.” Yes! Run stuff, if something is unclear or broken, leave a comment, as you probably aren’t the only one with that issue User PoV guides,…

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Dogecoin Core Developer Bids Adios To The Project

Ross Nicoll, a Dogecoin core developer, has announced his intention to back away from the meme-based cryptocurrency. His justifications? The coin-making process was too stressful for him, and he has no desire to be associated with a potential conflict of interest in the job. Dogecoin fell nearly 4% to $0.14 shortly after the news. For the uninformed, the Dogecoin Foundation is a not-for-profit organization dedicated to the growth of the meme coin. The foundation was re-formed in August after being created in 2014 but became inactive over time. Vitalik Buterin,…

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Ethereum failing to target core Web 3 issues, says NEAR co-founder

Illia Polosukhin, the co-founder of NEAR protocol, thinks Ethereum development has a focus problem. He says engineers should be fixing crucial issues that will enable Web 3 to scale to billions of users. “We need simplicity of usage. We need easy programmability. We need composability that is natural to the applications. I don’t see the current Ethereum evolutions targeting any of those goals.”, Polosukhin said in an exclusive interview with Cointelegraph. Polosukhin envisions a new version of the internet, or Web 3, in which the user will retain full ownership…

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Bitcoin Core developer Samuel Dobson decides it is “Time to go”

Developer Samuel Dobson announced via a series of tweets on Thursday night that he is stepping down as a Bitcoin Core maintainer after 3 years. His reason being that he “can no longer dedicate the time required, as I approach the end of my PhD.” I am officially stepping down as a maintainer of Bitcoin Core. Serving as the wallet maintainer for the past three years has been an absolute privilege, and I want to thank my incredibly generous sponsor John Pfeffer (@jlppfeffer) for his support throughout. /1 — Samuel…

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US Bitcoin mining giant Core Scientific set for Nasdaq listing via $4.3B SPAC deal

Core Scientific, one of the largest Bitcoin (BTC) mining operations in North America is set for a public listing on Nasdaq. According to CNBC on Wednesday, Core has inked a $4.3 billion merger with Power & Digital Infrastructure Acquisition Corp — a special purpose acquisition company (SPAC). Apart from the planned valuation, other listing details like trading ticker and the start of actual public trading are yet to be revealed as of the time of writing. The SPAC merger and subsequent Nasdaq listing will see Core join the ranks of…

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