This Week in Mining: June 22nd

Here’s this week’s mining industry news:
  1. Trustnodes reports Several Ethereum (ETH) mining pools have been creating thousands of small transactions (~ 0.05 ETH or less) per day, congesting the network and elevating fee pressure. There is speculation that this is due to automated payouts by pools to smaller miners.
  2. According to molllliy on Twitter, ousted Bitmain co-founder Micree Zhan has published a list of illegal activities that his co-founder and CEO Jihan Wu has engaged in, including embezzlement. He concludes with an offer to buy back shares of the company at a $4B USD valuation in order to end the power struggle.