Ethereum developers launch “pump the gas” campaign to raise gas limit

2024-3-22 14:44

Core Ethereum developers have started the “pump the gas” campaign to raise the blockchain’s gas limit from 30 million to 40 million. The initiative aims to reduce transaction fees on its primary layer by 15% to 33%, as announced on… origin »

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gas million ethereum limit raise pump developers

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Источник: Cripyo.news

gas million → Результатов: 87

Ethereum core devs campaign for gas limit raise to 40 million

The Ethereum core developers behind this campaign claim that the goal of raising the has limit is to reduce transaction fees on L1s.

2024-3-21 10:37	Layer 2
ethereum limit campaign core raising transaction l1s

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Gas Hero Unveils Airdrop: 25 Million GMT for Gamers

Gas Hero marks its launch with a generous 25M GMT token airdrop to its community, highlighting commitment to a player-centred Web3 ecosystem. The post Gas Hero Unveils Airdrop: 25 Million GMT for Gamers appeared first on NFT News Today.

2024-3-19 19:07	Gaming
gmt gas airdrop hero gamers unveils million

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FTX Loses Over 100 Million XEN and 81 ETH in a Hack

Massive Gas theft on the crypto exchange platform, FTX Exchange, as hackers mint XEN token 17,000 times at zero cost.

2022-10-13 16:30
xen exchange ftx hackers mint platform token

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XEN crypto down 39% as it suffers multiple attacks

The newly launched XEN Crypto is down 39% in the last 24 hours after a user found a way to mint over 100 million tokens on FTX without paying any gas fees. The post XEN crypto down 39% as it suffers multiple attacks appeared first on CryptoSlate.

2022-10-13 13:15
xen crypto down attacks multiple suffers without

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This Token Guzzled 42% of Ethereum Gas in the Past 24 Hours

Crypto project XEN has burnt $1.85 million in ETH in the past 24 hours, but some in the crypto community warn that it could just be a pump-and-dump scheme. The post This Token Guzzled 42% of Ethereum Gas in the Past 24 Hours appeared first on BeInCrypto.

2022-10-10 09:42
past hours crypto ethereum token guzzled gas

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Vespene Energy Raises $4.3M to Turn Methane From Landfills Into Sustainable Bitcoin Mining

Vespene Energy has received $4. 3 million in funding from Polychain Capital and others to continue converting methane gas from landfills into power for bitcoin mining. The post Vespene Energy Raises $4.

2022-8-10 00:00
vespene energy landfills mining bitcoin methane raises

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US-Based Crusoe Energy To Use Flared Gas In Oman For Bitcoin Mining

US-based firm Crusoe Energy has signed a deal with the Oman Investment Authority (OIA) to use stranded natural gas in the Middle East country to power crypto mining. According to a report by Bloomberg, the deal came after the authority acquired a stake in the US Company as part of an April $350 million in […]

2022-6-2 12:38	Cryptocurrency News
oman deal mining us-based gas energy crusoe

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Amidst Ethereum's deflationary shock, gas fees reach startling levels

The launch of NFT virtual land deeds for Yuga Labs’ Otherside, based on the Bored Ape Yacht Club- remained the largest NFT drop to date. It yielded over $900 million in total sales volume as a roariThe post Amidst Ethereum's deflationary shock, gas fees reach startling levels appeared first on AMBCrypto.

2022-5-3 21:30	News
ethereum amidst nft levels startling deflationary shock

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BAYC Otherside sales cost $100M in gas fees unnecessarily due to badly optimized code

Syndicate DAO co-founder Will Papper said on May 1 that inefficiencies in the Yuga Labs Otherside land sale caused $100 million to be needlessly wasted on gas fees. The post BAYC Otherside sales cost $100M in gas fees unnecessarily due to badly optimized code appeared first on CryptoSlate.

2022-5-3 22:45	Wallets
gas fees otherside badly optimized bayc code

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2,000% of Ethereum's Hourly Issuance Burned as Gas Price Skyrockets

2,000% of the hourly issuance on the network burned, making around $80 million for Ethereum miners

2022-5-1 17:15
burned issuance hourly ethereum around miners making

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Flared Gas Bitcoin Mining Pioneer Crusoe Energy Raises $505 Million

Crusoe Energy raised $505 million in a series C round led by G2 Venture Partners to help the miner expand and diversify its energy sources.

2022-4-22 19:06
energy crusoe 505 million help venture partners

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Exxon Mobil Is Starting to Burn Excess Gas to Mine Bitcoin

Super Gassy Instead of simply burning excess natural gas for no reason and wasting it completely, Exxon Mobil is making a change we’re not entire sure is an improvement – they’re taking that “extra” 18 million cubic feet of gas per month and using it to power crypto mining facilities. The oil giant reached an […]

2022-3-26 20:14	the digest
gas exxon mobil excess improvement million extra

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Someone Just Paid $553,000 in Gas Fees for Tubby Cats NFT Mint

Someone has paid half a million dollars in Ethereum gas fees to mint NFTs

2022-2-23 23:29
fees someone mint gas paid million nfts

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Fat-fingered $22.5 million Ethereum gas fee returned to Bitfinex

The miner who received over seven thousand Ethereum as an incorrectly paid transaction fee has returned (most of) the funds. The post Fat-fingered $22.5 million Ethereum gas fee returned to Bitfinex appeared first on CryptoSlate.

2021-9-29 22:00	ethusd
fee returned ethereum fat-fingered gas bitfinex million

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Ether (ETH) Miner Returns Over 7,000 ETH Transaction Fee Paid in Error

Following a huge incorrect payment in gas fees made by Bitfinex, an Ethereum miner has refunded the overpaid transaction funds. Bitfinex Paid Over $23 Million for Ether Gas Fee According to blockchain data from Etherscan on Monday (September 27, 2021), one of the wallet addresses belonging to cryptocurrency exchange Bitfinex, paid 7,626 ETH, which atRead More

2021-9-29 22:00	Ether
paid eth bitfinex ether gas fee miner

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Immutable X and Together Labs sign agreement to create and trade digital assets without gas fees

Immutable X, the first Ethereum-based (ETH/USD) layer-2 solution for NFTs and Together Labs, the parent company of IMVU, signed an agreement to allow one million users to take part in the dynamic NFT economy by creating and trading digital assets without gas fees, Invezz learned from a press release.

2021-9-29 18:01	NFTs
gas assets fees labs immutable digital without

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Bitfinex paid a colossal $23M fee to send $100K of USDT

In what is presumed as a technical error, popular crypto exchange Bitfinex paid a seismic $23.7 million dollars in a gas fee for a comparatively nominal $100K transaction.

2021-9-28 22:00
bitfinex 100k fee paid million seismic crypto

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Ex-fund manager pegs Bitcoin at $2 million by 2031. But that’s a $45 trillion market cap

Greg Foss, the Executive Director of Validus Power Corp, which uses flare gas to mine Bitcoin, lays out the case for a $2 million BTC price. The post Ex-fund manager pegs Bitcoin at $2 million by 2031.

2021-7-24 02:03	btcusd
bitcoin million 2031 ex-fund pegs manager flare

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Top Ethereum Mining Pools Increases Gas Limit to 15 Million (20% Increase)

Just as the Ethereum on-chain USD transaction fee hit its second-highest level in history this week at $47.3 million, miners have increased the gas limit from 12,500,000 to 15,000,000. The post Top Ethereum Mining Pools Increases Gas Limit to 15 Million (20% Increase) first appeared on BitcoinExchangeGuide.

2021-4-22 15:26	Ethereum (ETH)
limit million gas ethereum increase mining increases

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Immutable X Saves NFT Traders $1.3 Million in Gas Fees

Immutable X has announced that it has saved traders of NFTs over $1.3 million in gas fees. Thanks to its launch of Immutable X. The post Immutable X Saves NFT Traders $1.3 Million in Gas Fees appeared first on BeInCrypto.

2021-4-17 18:33
immutable gas million traders fees saves nft

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Polkamon IDO Recap: The Successes, $1 million in Gas Fees Paid, and Polkadot’s Growing NFT Scene

If the crypto and the NFT revolution won’t be televised, then it will be tokenized with a bit of blockchain provenance as sauce. And it is happening. A few block-buster NFT sales later, and the world is sensing yet another opportunity with Non-Fungible Tokens, NFTs, being the name of the game. It is interesting becauseRead More

2021-4-3 13:10
nft later world sensing yet sales block-buster

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First Carbon-Neutral NFT Scaling Platform Launched by Immutable X

NFTs on Ethereum use gas to mint them on its proof-of-work blockchain. Immutable X has found a way to offset this drain on resources through scaling. On March 30, BeInCrypto reported that over $1 million was spent in gas fees for the newly launched Polkamon NFT collection.

2021-3-31 11:24	NFT News
immutable launched gas nft scaling million reported

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Polkamon NFT Eggs Generate Over $1 Million in Gas Fees

Polkamon are animated digital collectibles that were created using unique NFTs. The platform announced an IDO (Initial DEX Offering) for a PMON token on the Polkadot-powered exchange, Polkastarter.

2021-3-30 09:53
polkamon ido platform dex announced offering polkadot-powered

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a16z Leads $25 Million Funding Round for Ethereum Layer-2 Scaling Solution Optimism

Layer-2 scaling solution for Ethereum – Optimism – has found a major backer in Andreessen Horowitz. Andreessen Horowitz Leads $25 Million Round The race to become the first Layer 2 scaling solution to fix the high gas fees woes for the largest smart contracts platform is heating up.

2021-2-26 20:00
scaling solution andreessen horowitz layer-2 optimism leads

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Ethereum Overload Costs Binance Nearly $10 Million in Gas Fees Last Week

This can be mostly attributed to the explosion of Decentralized Finance (DeFi), which enables users to conduct financial transactions without intermediaries. This has led to an astronomical Ethereum transaction fee increase, which recently topped an average of $20.

2021-2-18 12:30
ethereum transactions without intermediaries users conduct enables

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Ethereum Mining Revenue Hits All-Time High Alongside Gas Prices

Research by crypto analytics provider Glassnode has reported that on Feb. 5, Ethereum miners earned $3. 74 million in a single hour. This marks the highest ever hourly revenue for the network. The report added that the total mining revenue for the same day was over $55 million, another all-time high for Ethereum.

2021-2-9 09:23	Ethereum Price
ethereum revenue million mining high all-time hourly

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Ethereum Miners Vote to Make Themselves a bit Richer

Ethereum miners are voting to increase the network’s gas limit from 10 million to 12.5 million per block. The move could lower transaction fees on the network, but it also... The post Ethereum Miners Vote to Make Themselves a bit Richer appeared first on Crypto Briefing.

2020-6-20 16:55	voting
ethereum miners network million make vote themselves

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Blackmail is Behind Multi-Million ETH Transfer Fees, Say Researchers

Researchers have concluded that the recent Ether transfers that spent over $5 million in gas fees are the result of hackers trying to extort a compromised exchange.

2020-6-15 23:00	#hackers
fees researchers exchange gas million compromised result

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Someone spent $5.2 million in gas fees to send just two payments on Ethereum – What went on behind the scenes?

Between yesterday and today, a total of $5. 2 million was paid from the same Ethereum wallet as transaction fees. The first $2. 6 million paid yesterday as the fee was for a value of $133 (0. 55 ETH) while the second was for around $87,000 (350 ETH).

2020-6-12 01:18	ethusd
million yesterday paid ethereum fees eth wallet

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Guy Pays $2.5 Million in Fees For One Ethereum Transaction, Hack or China Crackdown?

The biggest fee ever paid on ethereum has just been processed by the network with some 10,700 eth given in gas fees to SparkPool, a China based ethereum mining pool. . . . The post Guy Pays $2.

2020-6-11 15:10	News
ethereum guy china fees pays 700 eth

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TradeConnect Selects BitGo for Custody & $100 Million Insurance Policy

London, UK. May 22, 2020 – TradeConnect, the multi-asset trading network that connects cryptocurrency traders with global financial markets including Forex, Stock Indices, Commodities (e. g.

2020-5-27 17:31	Press Release
trading tradeconnect digital financial bitgo etc cryptocurrencies

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Bitcoin Going Industrial: New York-Based Natural Gas Provider Sells Fully Compliant ‘Hashpower Contract’

During the first week of March, news. Bitcoin. com reported on a $65 million investment into the ‘behind-the-meter’ bitcoin mining operation, Greenidge Generation LLC in Dresden, New York.

2020-4-11 17:30
bitcoin new investment behind-the-meter million mining dresden

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Argentine Gas Regulator Launches Blockchain Network, Expands to Whole Country

The Gasnet blockchain platform will reportedly manage gas services offered to over 2 million residents in Northern Argentina

2020-3-20 01:44	altcoin
blockchain gas offered services manage million residents

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$8 Million Ether Sold for Free Through Maker

Black Thursday had been one of the worst days for the crypto community that recorded the violent sell-off across the market. But not only did the prices crash severely, for Ethereum it also resulted in Network congestion, a rise in fees, increased gas price, and liquidation issues with decentralized finance (DeFi) products. As per cryptanalysis firm […]

2020-3-19 20:58	Ethereum (ETH)
fees rise increased severely gas congestion network

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Argentina’s Gas Regulator Greenlights Industry Blockchain Built With RSK Tech

Gasnor, a natural gas distributor for two million Argentine residents, has won approval to pilot a smart contract-based platform aimed to speed up the country's chronically slow gas certification processes.

2020-3-18 16:00
gas contract-based platform smart pilot approval aimed

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Chinese Energy Provider ENN Sheds Light On VeChain Tech

One of China’s largest energy providers is using blockchain technology to trace the supply of natural gas. Serving an urban population of 94. 57 million in 187 Chinese cities, ENN Energy Holdings Limited is harnessing VeChainThor technology for “optimal quality control and supply-chain management.

2019-7-25 23:44	VeChain
energy enn vechain chinese tech sheds technology

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Binance to Give Away 9.5 Million Stellar [XLM] in Initial Staking Reward Airdrop

It’s good news for XLM holders as Binance declares its intention to support the crypto as one of the coins on its staking list. Starting July 20, 2019, Binance exchange will give out staking rewards to customers with XLM in their accounts.

2019-7-18 21:23	XLM
binance staking xlm stellar give reward million

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Chinese Listed Companies and Bitcoin Mining: Partner or Predator?

This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.

2019-5-29 18:53	Mining
mining bitcoin company chinese listed companies power

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Major Energy Companies Invest $6 Million in Blockchain Startup Data Gumbo

The American blockchain startup Data Gumbo Corp. secured $6 million in its Series A funding. It was co-led by the venture arm of the largest petroleum and natural gas company Suadi Aramco, reported World Oil on May 8, 2019.

2019-5-10 23:00
blockchain data gumbo million corp funding startup

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Hut 8 Mining on Sustainability, Expansion and Surviving Crypto Winter

Hut 8 Mining (named after Hut 8 in Bletchley Park, where Alan Turing broke the enigma code and accelerated the end of World War II) has just filed its audited financial statements for 2018, detailing a tight but still profitable bitcoin mining business.

2019-5-10 20:04	Mining
hut mining bitcoin kiguel bitfury energy said

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Here’s how the Earth got so wet, according to scientists

Water is essential for life on Earth and is one of our most precious natural resources. But considering how our planet formed, it is quite surprising how much water we still have. The Earth aggregated from a cloud of gas and dust – a protoplanetary disk – and was incandescently hot for the first few million years.

2019-5-9 14:00	Syndication
earth water still kept years combination gravitational

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Winklevoss Capital Backing Flare Mitigation of Natural Gas with Crusoe Energy Systems Financing

According to Bloomberg, the Winklevoss twins’ family office has participated in a seed financing for Crusoe Energy Systems Inc. to the tune of $4. 5 million. Crusoe Energy has plans to advance construction of data centers that mine cryptocurrency using a surplus of natural gas.

2019-5-7 13:34	Winklevoss twins
crusoe energy financing systems winklevoss seed natural

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Winklevoss Capital Invests in Firm Using Natural Gas to Fuel Crypto Mining Data Centers

Winklevoss Capital has participated in a $4.5 million seed financing round in a flare mitigation provider to advance its construction of data centers that can mine cryptocurrencies

2019-5-6 16:27	Energy
centers winklevoss data capital provider cryptocurrencies mitigation

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Ethereum Creator Suffers Blowback for Proposing New Crypto Wallet Fees

Ethereum creator Vitalik Buterin has proposed a “sustainable” way to fund cryptocurrency wallet development: a tiny per-transaction fee that goes to the wallet’s developers. Ethereum Creator: Crypto Wallets Should Charge Transaction Fees In his view, the fee should be the smallest unit of Ethereum and should be a flat fee, rather than a percentage, so as not to “create a perverse incentive to not optimize gas fees.

2019-3-9 02:00	vitalik buterin
wallet should ethereum fees creator fee crypto

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Japan’s Biggest Bank Won a $500 Million Bond Deal, Only to Lose $15 Million

The securities unit of Mitsubishi UFJ Financial Group (MUFG), one of Japan’s largest banks, purchased $500 million in bonds only to fumble up in the red. A move against its competitor Credit Suisse Group AG, the company fought hard to garner what they thought would yield solid profits in 2027, only to receive a mediocre response from investors and $15 million in losses on the table.

2019-3-9 13:00
million only japan bond 500 mufg group

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Abu Dhabi National Oil Firm Adopts IBM’s Blockchain Solution

The Abu Dhabi National Oil Company (ADNOC), a leading diversified energy and petrochemicals group that claims to produce roughly 3 million barrels of oil and 10. 5 cubic feet of natural gas daily, has joined forces with IBM to enable it integrate distributed ledger technology (DLT) into its operations and reduce risks while fostering transparency and efficiency, according to a press.

2018-12-11 00:00	U.A.E.
oil blockchain abu ibm national dhabi fostering

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Ongoing Minting and Dumping: RusGas (RGS) Allegedly Scamming Token Holders

On Nov. 28th, 2018, MonitorChain detected a potential scam: RusGas (RGS) is minting billions of tokens, diluting the value of investor’s tokens and driving the price down to nearly nothing. RusGas is a project using blockchain to “transform the gas industry.

2018-12-7 06:46
rusgas rgs minting ico tokens nov scamming

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ETH/USD Price Analysis: Vitalik Buterin Holding A $470 Million Paper Loss

Latest Ethereum News When ETH is sent, the receiving address can perform arbitrary computation that is paid for by the originator of the transaction. Now it is emerging that some exchanges that initiate transactions without gas limits were open for exploitation in a flaw picked out by Level K—a group of researchers that specialize in […] The post ETH/USD Price Analysis: Vitalik Buterin Holding A $470 Million Paper Loss appeared first on Ethereum World News.

2018-11-27 16:25
eth ethereum loss holding analysis buterin vitalik

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NEO Details the Process of Becoming a Consensus Node on Its Network

The NEO public blockchain project backs NEO, the 15th largest cryptocurrency in the world. It has two distinctive tokens, NEO (NEO) and NEOGas (GAS). Of these two, NEO has 100 million tokens of which 50 million have been distributed to supporters while the other 50 percent is managed by the NEO Council to support the […] NEO Details the Process of Becoming a Consensus Node on Its Network was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-11-6 22:59	News
neo two tokens million blockchain cryptocurrency becoming

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Ethereum gas fees explained: the complete guide for beginners

Known for its strong smart contracts and decentralized apps (dApps), Ethereum is the second-largest blockchain by market capitalization. However, if you have ever transacted on Ethereum (ETH), you have likely encountered gas costs, which can be perplexing, annoying, and even…

Vector Smart Chain appoints former CityGroup CFO, introduces fixed gas fees

Gas fees are an element of uncertainty for enterprises, which is why Vector Smart Chain introduced a flat fee of $4.

Binance founder proposes lowering BSC gas fees by three to 10 times

Binance founder Changpeng ‘CZ’ Zhao suggests lowering BSC Chain gas fees by three to 10 times its current rate. In a recent X post on May 7, the former Binance CEO proposed lowering gas fees on the BSC Chain to…

Ted Cruz introduces FLARE Act to incentivize Bitcoin mining with waste gas

United States Senator Ted Cruz has introduced a new bill that offers tax incentives for cryptocurrency miners using flared natural gas to power mining operations. In an April 1 announcement, Cruz unveiled the Facilitating Lower Atmospheric Released Emissions Act, which…

Analysis: Low Ethereum gas fees signal bullish mid-to-long-term outlook

Ethereum gas fees have dropped significantly, with the average cost of a transfer now at just $0.41, far below the $15.21 peak seen in the past two years. According to on-chain analytics firm Santiment, low gas fees often suggest a…

Ethereum still leads in gas fees despite 4-year low in transaction costs

Ethereum continues to lead in all-time gas fees, particularly in DeFi, despite a decline in on-chain activity and the lowest transaction costs in over four years. According to data analytics platform Growthepie, Ethereum’s Layer 1 blockchain still dominates in all-time…

Manta Network launches 4-year Gas Gain program

Manta Network has announced a four-year program that will see the modular blockchain for zero-knowledge applications share gas rewards with the platform’s users. On Sept. 30, Manta Network introduced its “Gas Gain” plan, which aims to return 50% of gas…

2024-3-22 14:44

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