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“# GPU hardware firm riles gaming community by flirting with crypto miners ” Computing hardware manufacturer Zotac angered a customer base of loyal gamers on Feb. 16 after it posted a tweet apparently marketing its new Nvidia 30 series graphics cards to cryptocurrency miners. Zotac’s post showed a stack of what looks to be GeForce…
“# Chinese lottery service 500.com acquires Bitcoin mining pool BTC.com ” Chinese sports lottery service 500.com has acquired a major Bitcoin (BTC) mining pool, BTC.com. 500.com has entered into a share exchange agreement with Blockchain Alliance Technologies Holding Company in the Cayman Islands, according to a Feb. 16 announcement. As part of the deal, 500.com…
“# Bitcoin miners are hodling while long-term investors take profits ” On-chain analytics provider, Glassnode, has published data revealing that Bitcoin miners are accumulating while long-term investors are taking profits. Despite January seeing heavy selling from miners, Glassnode’s report shows that miner outflows have dried up during February so far. Chart – Glassnode.com The report…
“#Glittering image highlights land destroyed by gold mining” A captivating image of the Peruvian Amazon from space has become a striking reminder of the desolation caused by gold mining in the region. The breathtaking photograph, captured by a NASA astronaut aboard the International Space Station, shows two parallel yet very different rivers — one natural…
“# BTC miners pocket $4M in 60 minutes, the highest hourly revenue in Bitcoin’s history ” According to data from Glassnode, Bitcoin (BTC) miners made over $4 million in just under an hour on Feb. 12, making it the biggest hourly revenue in history. In May 2020, Bitcoin underwent the third block reward halving in…
“# Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars ” A global chip shortage is affecting various sectors of industry from gaming to automotive and cryptocurrency mining. Amid Bitcoin’s (BTC) ongoing bull run, the crypto mining industry became massively profitable. Many miners started aggressively stacking mining hardware —by sometimes unconventional methods— which led…
“# Russia has imported its largest Bitcoin miner batch ” Russia has reportedly imported thousands of cryptocurrency mining devices amid a massive surge in the crypto market. A senior executive at BitRiver, the largest crypto mining colocation services provider in Russia, claimed that a local client received over 20,000 crypto mining devices, Russian news agency…
“# Bitcoin energy debate resurfaces with calls for ‘green hackers’ to attack network ” The exponential rise in Bitcoin’s price and hash rate is driving critics to once again question the largest blockchain’s energy efficiency — with calls for “green hackers” to band together to mount an attack on the network. Total world production and…
“# Chinese GPU miners reportedly bulk buying Nvidia laptops to mine Ether ” Chinese cryptocurrency miners are reportedly buying Nvidia’s new laptops to mine Ether (ETH) amid the altcoin hitting new all-time highs. Nvidia’s latest GeForce RTX 30 laptops have become increasingly popular in China as a tool for mining cryptocurrency, according to several sources. On…
“# The institutionalization of BTC: Mining may be more profitable than buying ” For years, institutional investors have been watching Bitcoin from afar with bewilderment and amusement, but with little to no participation. Although they were attracted by the high returns, they were scared away by Bitcoin’s infancy, lack of rules and the myriad headlines…