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“# 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…
“# Belarus government explores potential move into crypto mining ” The Belarus state is studying the cryptocurrency industry for a potential move into mining digital coins like Bitcoin (BTC). The Ministry of Energy of the Republic of Belarus officially announced Friday that it is actively exploring the pros and cons of cryptocurrency mining. Minister Viktor…
“# Ebang planning to expand business to mine LTC and DOGE ” According to an announcement from Chinese mining equipment supplier Ebang, the mining firm’s board passed a resolution on Thursday to establish a Litecoin (LTC) and Dogecoin (DOGE) mining business. Ebang said it will use some of its own rigs in addition to purchasing…
“# Nvidia supply shortage won’t stop $50M Q1 crypto miner sales, says CFO ” Nvidia’s ongoing supply problems won’t stop the company from selling $50 million worth of its new CMP chip range in the first quarter of 2021, the company’s chief financial officer Colette Kress forecasted on Feb. 24. Nvidia failed to meet demand…
“# ETH mining still highly profitable despite upcoming Eth2 upgrade ” Ethereum miners continue to enjoy lucrative payouts for their efforts in 2021, while the smart contract blockchain platform edges closer to a move away from its proof-of-work consensus. The past few months have been phenomenal for much of the cryptocurrency space, as the likes…
“# Bitcoin mining likely didn’t contribute to Texas’ power outages, says expert ” Though many Texans are still suffering in the aftermath of a winter storm that left millions without power and running water for days, it’s unlikely that the crypto mining farms in the state played much of a role during the crisis. Speaking…
“# Bitcoin mining operator Northern Data reportedly considering $500M IPO ” Major European Bitcoin (BTC) mining company Northern Data is reportedly considering going public in the United States. Germany-based Northern Data is planning to raise up to $500 million in the initial public offering, or IPO, Bloomberg reported on Feb. 22. The company is working with…
“#Three killed in partial collapse of Siberian factory” At least three people were killed in the partial collapse of a processing plant owned by the controversial Russian mining company Norilsk Nickel in arctic Siberia, company officials said Saturday. The accident took place while maintenance work was going on at the factory, Reuters reported. It’s not…
“# Riot Blockchain stock plunges 20% following parabolic rally ” Shares of crypto mining company Riot Blockchain (RIOT) plunged on Thusday, giving back a portion of a parabolic rally that was largely driven by news of a major boost in hash rate capacity. RIOT fell 20.4% to close at $62.03 on Thursday but was moving…