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Blockchain

Hetzner Uses A Web Hosting Service They’re Banned From

August 27, 2022 - Around 2 mins mins to read
Hetzner, Germany’s leading cloud storage company and supporting nearly 16% of Ethereum’s nodes, has announced that it does not allow its resources to be used for cryptocurrency mining.
Hetzner Uses A Web Hosting Service They're Banned From

The cryptocurrency community has once again questioned Ethereum’s dependency on centralized web hosting services.

This time, the focus is on Hetzner, a web hosting firm that now manages approximately 16% of distant Ethereum nodes (as 61% of nodes are hosted remotely, which corresponds to approximately 9.76% of all Ethereum nodes). Hetzner’s August 23 Reddit post, which resurfaced on Twitter today, warned Ethereum users against using the service for crypto-related activity.

An excerpt on Hetzner’s tweet read:

“Using our products for any application related to mining, even remotely related, is not permitted. This includes Ethereum. It includes proof of stake and proof of work and related applications. It includes trading… Even if you just run one node, we consider it a violation of our ToS.” 

According to Ethernode statistics, more than 15% of nodes on Ethereum are using servers from Hetzner, and this incident once again sounded the alarm about Ethereum’s dependence on centralized infrastructures.

Hetzner Uses A Web Hosting Service They're Banned From

This is considered a major weakness of not only Ethereum but of other blockchain platforms because just these infrastructures have technical problems or worse, issue an indefinite ban on cryptocurrencies In the case of Hetzner, the operation of decentralized applications will also be delayed, greatly affecting this very vulnerable market.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

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Harold

CoinCu News

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Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
Blockchain

Hetzner Uses A Web Hosting Service They’re Banned From

Hetzner, Germany’s leading cloud storage company and supporting nearly 16% of Ethereum’s nodes, has announced that it does not allow its resources to be used for cryptocurrency mining.
Hetzner Uses A Web Hosting Service They're Banned From

The cryptocurrency community has once again questioned Ethereum’s dependency on centralized web hosting services.

This time, the focus is on Hetzner, a web hosting firm that now manages approximately 16% of distant Ethereum nodes (as 61% of nodes are hosted remotely, which corresponds to approximately 9.76% of all Ethereum nodes). Hetzner’s August 23 Reddit post, which resurfaced on Twitter today, warned Ethereum users against using the service for crypto-related activity.

An excerpt on Hetzner’s tweet read:

“Using our products for any application related to mining, even remotely related, is not permitted. This includes Ethereum. It includes proof of stake and proof of work and related applications. It includes trading… Even if you just run one node, we consider it a violation of our ToS.” 

According to Ethernode statistics, more than 15% of nodes on Ethereum are using servers from Hetzner, and this incident once again sounded the alarm about Ethereum’s dependence on centralized infrastructures.

Hetzner Uses A Web Hosting Service They're Banned From

This is considered a major weakness of not only Ethereum but of other blockchain platforms because just these infrastructures have technical problems or worse, issue an indefinite ban on cryptocurrencies In the case of Hetzner, the operation of decentralized applications will also be delayed, greatly affecting this very vulnerable market.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Harold

CoinCu News