At this year’s International Solid-State Circuits Conference (ISSCC), Intel shared tech details for its first-generation “Bonanza Mine” (BMZ1) blockchain accelerator chip, which it recently star...
Tag: Mining
Georgia punches well above its weight for Bitcoin mining: Report
At first glance, the pint-sized Republic of Georgia is an unlikely suspect for Bitcoin (BTC) mining activity. An underdog for mining, the country boasts abundant hydropower while ranked seventh worldw...
Intel unveils 2nd-gen Bonanza Mine chip for efficient Bitcoin mining
Computer chip manufacturing giant Intel Corporation shared details of a new mining chip that will be coupled with a high-performance 3,600 Watt miner with the ultimate goal of improving Bitcoin (BTC) ...
The Difficulty Of Mining Bitcoin Has Reached A New All-Time High
The complexity increases as the hashrate increases, and vice versa. Bitcoin’s mining difficulty reached a new high of 25.04 trillion on May 13, 2021, as predominantly Chinese and North American miners...
What’s Intel CEO Pat Gelsinger Saying While Promoting The Bitcoin Mining Chip?
What is Intel ’s Pat Gelsinger doing? Who is he talking to while promoting Intel’s new bitcoin mining chips? In a recent Bloomberg interview, Gelsinger uses every ESG buzzword in the book to promote t...
China out of action as BTC mining hash rate at all-time high
BTC mining hash rate has reached its peak after China’s exit from the business China was once a dominant player in the BTC mining industry The mean seven dat hash rate stands at 215 EH/s according t...
Bitcoin mining difficulty surged by 45% in 6 months
Bitcoin network is booming as the cryptocurrency garners mainstream adoption. As the crypto coin continues to achieve new all-time highs, it has achieved yet another ATH. Recently, the BTC network hit...
Despite Bitcoin’s price falling, its mining difficulty rises to new ATH
Bitcoin price performance might currently be leaving a bitter taste in the mouth of many crypto enthusiasts, but available data has shown that that has not reduced the level of competition amongst min...
Texas poised to become a Bitcoin mining hub
After China imposed a ban on Bitcoin mining last summer, many mining companies immediately found safe haven in the state of Texas, ruled by crypto-friendly Greg Abbott. In a few short years, the oil a...
Bitcoin Mining Difficulty Notches an All-Time High
Bitcoin has been treading in volatile waters. Despite the recent price dump, though, the Bitcoin network has hit yet another high, this time, in terms of mining difficulty. Higher Difficulty For Bitco...
Bitcoin’s Mining Difficulty Has Hit an All-Time High
Competition among Bitcoin miners has reached new highs, according to the latest data. On-chain analysis by BTC.com reports that the network’s mining difficulty hit a new all-time high of 27.97 trilli...
Intel CEO sees Bitcoin mining as a climate crisis
A few days ago, the CEO of Intel, Patrick Gelsinger, stated in an interview with Bloomberg that “Bitcoin is a climate crisis”. Bitcoin’s power consumption problem according to Intel He said that a si...
Where to buy Eurasia Mining stock (EUA): it has gained 4% today
Since September 2021, the price of Eurasia Mining stock (EUA) had been falling until recently because of the fall in the demand for palladium. There has also been an ongoing geopolitical contest betwe...
How Bitcoin mining companies have initiated new power capacities in 2022
Episode 11 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Research Mining Analyst Wolfie Zhao. Listen below, and subscribe to The Scoop on Apple, Spotify, Google Po...
Russian government proposed crypto mining tax reduction bill
Crypto mining has become a notable passive income source. In several nations, many seek to mine digital assets as their secondary source of income. Before last year’s Chinese crypto ban, the nation wa...
Nvidia crypto mining processors revenue loses footing
Crypto mining industry is continuing to expand rapidly. Following the notable passive gains being generated from such operations, the revenue of Nvidia had spiked over the past year. However, as per N...
Electricity Consumption Spikes in Irkutsk as More Russians Start Mining Cryptocurrency – Coinotizia
Electricity suppliers in the Russian region of Irkutsk have registered a surge in power consumption in residential areas which they are blaming on cryptocurrency mining. Planes with mining equipment f...
Brent and Matt, Two Men from Texas, Have Made Millions Mining BTC
Brent Whitehead and Matt Lohstroh are two young men from Texas that have already made millions mining bitcoin and other forms of crypto. The two have worked hard to establish a new company called Giga...
Bitcoin Hashrate Hits Another Milestone, Network’s Mining Difficulty Taps 13-Year High – Mining Bitcoin News
The processing power backing the Bitcoin network has continued its upward momentum tapping another all-time high (ATH) on February 15, 2022, at 249 exahash per second (EH/s). Following the latest ATH,...
The Village Of Massena Has Proposed A Cryptocurrency Mining Moratorium – NNY360
A moratorium has been enforced by the city, which has been extended multiple times, the most recent being till February 28. The council was scheduled to hold a public hearing on the extension of the m...
Scenario analysis of Bitcoin mining production in 2022
February 17, 2022, 11:24AM EST • 8 min read Quick Take Despite the recent market downturn, Bitcoin mining remains profitable thanks to the high efficiency of the newest generation of equipment. Meanwh...
Nvidia Crypto Mining Processor Revenue Slumps 77% to $24M in Q4 2021
Computer chip manufacturer Nvidia has seen revenue from its dedicated crypto mining hardware slump from $105 million in Q3 2021 to just $24 million in Q4, a drop of 77%. According to Nvidia’s fi...
Nvidia Crypto Mining Chips Revenue Declines by -77%
Nvidia released its financial report for Q4 and fiscal 2022. In the gaming sector, the fourth quarter revenue reached $34.2 billion, up +37% when compared to the previous year. When compared to the pr...
Russia Goes Bullish On Bitcoin With Proposed Crypto Mining Tax Reduction ⋆ ZyCrypto
Advertisement     The Russian Ministry of Economic Development (RECD) has announced that it would cut a significant percentage of taxes on Bitcoin mining activities wi...
Nvidia Cryptocurrency Mining Processor Revenue Tumbles From $105M to $24M
Nvidia released its financial report for the fourth quarter of the fiscal year 2022 shows that revenue from cryptocurrency mining processors has dropped by 77%. Revenue went down to $24 million from $...
$120B Oil and Gas Behemoth ConocoPhillips Joins Bitcoin Mining Business
One of the biggest oil and gas exploration companies, ConocoPhillips, is getting into Bitcoin mining. It will be using its extra gas to power Bitcoin mining activities. In a report by CNBC, the Compan...
The Crypto Mining Scene in Texas Keeps Growing
Texas is quickly becoming one of the biggest crypto mining hubs in the world to the point that current governor Greg Abbott is making bringing more crypto jobs and companies to the Lone Star State par...
US Lawmakers Press Bitcoin Mining Firms on Energy Usage, Carbon Emissions, Climate Crisis – Coinotizia
Eight U.S. lawmakers, including Senator Elizabeth Warren, have sent letters to top U.S.-based bitcoin mining firms questioning them about their crypto mining operations. “The extraordinarily high ener...
$120B Oil and Gas Giant ConocoPhillips Joins The Bitcoin Mining Fuel Business ⋆ ZyCrypto
Advertisement     ConocoPhillips, one of the world’s largest independent oil and gas exploration companies is utilizing its extra gas to power Bitcoin mining. Accordin...