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“#Suit slams Turkish firm for passing off stones as copper” Mercuria Energy Trading has launched a civil suit against a Turkish firm over what the global commodity trading firm’s lawyer described as fraud related to a deal to buy copper worth $36 million. Last year, Geneva-based Mercuria agreed to buy about 10,000 tonnes of copper…
“# Nvidia RTX 3060 mines Ether at full power as miners allegedly bypass hash limits ” Nvidia’s attempt to shift Ether (ETH) miners away from its new GeForce RTX 3060 graphics card by limiting its hash rate appears to have been short-lived. Screenshots posted by tech leak Twitter account I_Leak_VN show a stack of eight…
“# Is Bitcoin a Ponzi scheme? Pick your side in the latest Cointelegraph Crypto Duel! ” Does Bitcoin meet the definition of a Ponzi scheme? This is the subject of the latest Cointelegraph Crypto Duel, where Bitcoin strategist at Kraken meets professor of computer science at the University of Campinas, Jorge Stolfi. Similar to other…
“# A peek into the Bitcoin miner’s 2020: Interview with BTC.top’s Jiang Zhuoer ” After a tumultuous 2020 that continued into Bitcoin (BTC) setting new all-time highs in 2021, Bitcoin miners are facing a bittersweet scenario — profits have skyrocketed, but multiple issues prevent them from buying more devices and boosting Bitcoin’s hash rate. According…
“# Nvidia wins legal battle over $1B in sales of crypto mining hardware after 3 years ” A three-year-old lawsuit accusing Nvidia of “misrepresenting $1 billion in sales” of crypto mining hardware during the 2017/2018 bull run came to a close on Mar. 2, with a California district court judge ruling in favor of the…
“# Kentucky to provide tax breaks for local crypto miners ” Lawmakers in Kentucky are looking to impose tax breaks for local cryptocurrency miners. Kentucky lawmakers on Tuesday approved several state tax breaks including House Bill 230, which would remove the sales tax from electricity purchased by local crypto mining operators. According to a report…
“# Bitfarms set to acquire 48,000 new miners in 2022 despite chip shortage ” One of the largest publicly traded Bitcoin mining operations in the world, Bitfarms, has undertaken to purchase 48,000 new miners over the next two years. The Canadian mining company has sourced the equipment from Chinese supplier MicroBT in a bid to…
“# ‘Shark Tank’ star changes tune on Bitcoin, will allocate 3% of his portfolio ” Businessman Kevin O’Leary, who appears on the reality TV show Shark Tank and once called Bitcoin a “giant nothing burger,” has now joined the laser eye community. In a tweet yesterday, O’Leary said he would be allocating 3% of his…
“# Crypto myth busted: Users haven’t mined Ether using a PlayStation 5 yet ” While users might still be able to adapt some gaming consoles for mining cryptocurrency, evidence suggests that recent reports of a modified PlayStation 5 mining Ether (ETH) are fake. According to a report from news outlet GizChina, Chinese software developer Yifan…
“# China’s Inner Mongolia to shut down crypto mining farms by April 2021 ” Authorities of the Chinese autonomous region of Inner Mongolia have proposed to close down all local cryptocurrency mining facilities to reduce energy consumption in the region. The Inner Mongolia National Development and Reform Commission, or NDRC, released an official proposal to…