What Is Ethash?

Ethereum is an open technology platform on which developers create and deploy decentralized apps based on smart contract technology. Ethereum's native asset, Ether, is used to pay for transactions performed on the network. This cost is computed in gas but paid in Ether. It has a system in place to incentivize cryptocurrency miners to help safeguard the network. The Ethereum method for proof of work (PoW) mining, known as Ethash, serves as the foundation for the whole protocol.

When proof of work mining occurs, data from a block header is used as an input and is hashed repeatedly with a cryptographic hashing method. This yields a fixed-length output that reflects the hash value. Miners will hash variants of the input data by using a new sequence number each time the data is submitted into the process.

How Does It Work?

Ethash is a modified version that eliminates the computational cost that existed in its previous version, Dagger-Hashimoto. The program makes use of a vast dataset that is produced regularly and gradually expands over time. It is small enough to fit in the VRAM of a contemporary GPU.

With Ethash, the hash value produced by the process must be less than a given threshold. This is known as difficulty, and it entails the Ethereum network raising and lowering the threshold to manage the pace at which blocks are mined. If the rate at which blocks are found rises, the network automatically increases the difficulty level, lowering the network threshold so that the number of valid hashes capable of being found lowers as well.

If the pace of discovered blocks falls, the network threshold rises, resulting in a greater number of accurate hash values that can be found.

Ethash defines approximately how much computing resources should be expended by a miner to locate the sequence number (nonce) that permits them to propose a new block to add to the blockchain. The network generates one block every 12 seconds on average.

Miners frequently raise the memory clock frequency on their GPUs to obtain huge gains in Ethash hash rates. To counterbalance the related heat production, power or temperature constraints, as well as manually-set high fan speeds, are occasionally found.

To achieve the most cost-effective mining farms, it's usual to see custom-built PCs specified with six or more high-end GPUs for mining Ethereum, with little attention on the other components.

A miner that successfully discovers a block that may be added to the blockchain earns the following:

—> A static block reward of three ether.
—> As part of the proof of work mining procedure, the gas cost is assigned to the miner's account which is consumed by the execution of all the transactions within a block.
—> An additional 2.625 ether is awarded for adding uncles in the block.

#Bitcoin Hash-rate Continue to Move Up irrespective of Market Fluctuations 🚀🚀

Here's the Analysis of #FET :

#FET is been made a easy flip above the major Resistance Area of $0.57 - $0.59 and made a rejection from the Strong Resistance zone of $0.71 - $0.75. Currently, price is again testing zone, and expecting a breakout now. In case price breaks below the $0.69 level the we can go for shorting opportunities which decent lots.

#BTC already attempt multiple times and again testing the Major Resistance zone and kinda rejecting too. Price made a very tiny consolidation, which needs to be break. Well, Buyers looks more aggressive towards the level, so a breakout might happen within this week. Daily and Weekly closing will give more clear view to the market.

#TOTAL MARKETCAP UPDATE :

MarketCap is been increased and gave a breakout of the Resistance area. Daily Candle gave a closing and doing a retest of the zone. The most interesting thing is, majority money flowed in the altcoins, as per chart. #BTC weekly closing will decide the next altcoins rally direction.

Range in #HOOK, working pretty well from the both side, Buys played out 15% in favor and sells gone pretty good too. Well, make sure to book profit with the movement and we can now expect a breakout either side of the zone. You can take swing entries after a breakout.

Ethereum has also seen relatively shallow corrections, with the deepest reaching -40% in early January. Despite the more sluggish performance relative to BTC, this also paints a constructive backdrop where reduced supply issuance from the Merge, is meeting relatively resilient demand flows.

#BOND/BTC BUY/LONG CALL

Lying above strong support. EMA'S are also acting as a support. MACD crossover is showing bullish momentum. It will pump hard from here 🚀

Targets: 974 - 1145 - 1315 - 1540 satoshi

Stop if 1D closes below 759 satoshi

#BOND/USDT BUY/LONG CALL

Lying above strong support. RSI is showing a bullish divergence. EMA'S are acting as solid support. Stochastic is giving a buying signal. Expecting a big upward move from here.

Targets: $4.26 - 5.35 - 6.45 - 7.55

Stop if 1D close below $3.35

#BOND breakout and retested successfully, now it's ready for the moon ride 🚀🚀

Here's the Analysis of #MINA :

#MINA is been already rejected off from the Major Resistance Zone of $0.89 - $0.92 and Retesting the zone again. Price already building the Head & Shoulder Pattern, which is a reversal pattern, by which price can dump. You can take this opportunity, with low risk till Strong Support area at $0.69 - $0.70.

#BITCOIN DAILY TF UPDATE :

#BITCOIN pushes down over the resistance zone of towards the structural support area and made strong rejection from there. Well, its back towards the build-up resistance again, so now its formed a range. Dynamics has been changed but anticipation would be same, so eyes on Same breakout level.

Another this to notice that, H4 consolidating in a very tight range below the Zone, which also lead the short-term bearish move.

#STX gone pretty wild from our buy level, broking all the Resistance and major levels. Well, price made a high of $1.56, which is 88% in profits and I hope you secured some at resistances areas. If market sustains good, then a breakout is expected by next week so hodl the trade and trail the stops.

Looking at on-chain data, the Realized Cap serves as a valuable metric for monitoring the resurgence of capital inflows into BTC and ETH. During the bear market of 2022, both assets experienced a decline in Realized Cap, indicating a net outflow of capital, reaching approximately -18% for BTC and -30% for ETH, similar to historical cycles.

Interestingly, the recovery of capital inflows has been notably sluggish. Bitcoin's Realized Cap ATH reached levels observed over 715 days ago, in contrast to the faster full recovery seen in previous cycles, which typically took around ~550 days.

What Is Ethereum Request For Comment (ERC)?

Ethereum Request for Comment (ERC) is a set of standards and guidelines for proposing improvements to the Ethereum blockchain. Each ERC defines a unique protocol or set of rules, specifying how new features, tokens, or functionalities can be added to the Ethereum network. These standards facilitate interoperability and compatibility among different Ethereum-based projects.

ERCs are similar to proposals in Bitcoin as BIP , and they play a crucial role in the development and evolution of the Ethereum ecosystem. They cover various aspects such as token standards, smart contract interfaces, and other technical specifications. Developers and the Ethereum community use ERCs as a collaborative tool to discuss, debate, and refine proposed changes before implementing them on the Ethereum blockchain.

Common ERC standards include ERC-20 (fungible tokens), ERC-721 (non-fungible tokens or NFTs), and ERC-223 (token transfer improvement). Each ERC standard addresses specific use cases and requirements, promoting consistency and widespread adoption across the Ethereum platform.

Here's the Analysis of #WLD :

#WLD is been printed a new #ATH (All-Time High) a week ago, and in a retracement phrase, by which dropped around 31%. Well, nothing can be done here, better wait for a deeper pullback till support area at $2.35 or bear minimum at $2.73. On H4 TF, Price creating a Falling Wedge Pattern, by which a breakout will decide the next direction of it, so have an eye on it.

#BITCOIN WEEKLY TF UPDATE :

#BITCOIN on Weekly TF, did a close below of the zone, which might be a potential fakeout for the market. Well, price is now retracing back to the resistance area,where is rejecting a bit. But overall market is in bullish sentiments, so a close above will push the price to expected area around $46,600 - $$47,200.