Category: GPU

China’s Zhejiang busts GPU miners earning crypto in government agencies

China’s Zhejiang busts GPU miners earning crypto in government agencies

Zhejiang, one of several coastal Chinese provinces that have been experiencing power shortages, has launched a probe into operations that are using public resources to mine cryptocurrencies. The Zhejiang Cyberspace Administration said in a blog post on Thursday that it started an investigation last month targeting those who are mining cryptocurrencies inside government and the […]

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Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in Stock-for-Stock Deal

Northern Data AG Acquires Bitcoin Miner Bitfield — 33,000 Miners Gained in Stock-for-Stock Deal

On Monday, the high-performance computing (HPC) infrastructure provider and bitcoin mining firm Northern Data AG announced the acquisition of the bitcoin mining operation Bitfield N.V. in a stock-for-stock deal. Northern Data says the company will obtain 33,000 of the latest generation ASIC bitcoin miners from the arrangement. Northern Data AG Acquires Bitfield N.V. — Firm […]

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Museum of Bitcoin Mining History Opens Its Doors in Venezuela

Museum of Bitcoin Mining History Opens Its Doors in Venezuela

A new museum dedicated to the history of bitcoin mining opened its doors in Venezuela last weekend. The institution will allow visitors to learn about the history of cryptocurrency mining, going from its roots to the current state of the mining industry. The museum is part of a private initiative started by Criptoavila, a mining-dedicated […]

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Chinese crypto miners are dumping GPUs on secondhand trading site

Chinese crypto miners are dumping GPUs on secondhand trading site

Chinese crypto miners have started dumping used graphic processing units (GPUs) on the secondhand market following China’s bitcoin mining crackdown. Over the past one and half months, there has been an increasing number of new posts for selling stacks of GPUs on Xianyu, which is one of the largest marketplace apps in China for secondhand […]

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Myriad Proof-of-Work Blockchains See Significant Hashrate Losses

Myriad Proof-of-Work Blockchains See Significant Hashrate Losses

While there’s been a lot of concentration on bitcoin mining crackdowns in China and Bitcoin’s recent hashrate loss on Monday, many other digital assets have seen hashrates drop significantly as well. Some of the largest digital currencies, in terms of market valuation, lost considerable dedicated hashpower over the last few days. PoW Chains Feel the […]

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Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices

Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices

While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries. Official Crypto Mining Rig Dealers Are Either Sold-out or Suspending Deliveries, Second-Markets Explode With Mining Products […]

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How Many People Mined BTC Alongside Satoshi? 2010 Data Shows Bitcoin’s Creator Wasn’t the Only Mining Whale

How Many People Mined BTC Alongside Satoshi? 2010 Data Shows Bitcoin’s Creator Wasn’t the Only Mining Whale

Throughout 2021, a great number of mysterious whale movements from miners who mined bitcoins in the early days have occurred. This week, 1,000 bitcoin from 2010 were transferred, and the miner has spent 11,000 bitcoin since last year. Old school whale movements like these have made some people assume that decade-old coinbase spends could stem […]

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Nvidia Makes $155 Million From Crypto Mining Chips in Fiscal Q1

Nvidia Makes $155 Million From Crypto Mining Chips in Fiscal Q1

Graphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter. The company admitted that crypto miners have also pushed sales up in the gaming products segment which remains its main market. Leading GPU Maker Reports Record High Video Card Sales Supported by Crypto Miners […]

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Nvidia Aims to Get Its GPUs Back ‘Into the Hands of Gamers’ by Reducing Mining Capabilities on 3 Graphic Cards

Nvidia Aims to Get Its GPUs Back ‘Into the Hands of Gamers’ by Reducing Mining Capabilities on 3 Graphic Cards

A major chipmaker keeps making efforts to calm down the gaming community’s anger toward cryptocurrency miners who are taking the lead in buying graphic cards massively, boosting its prices. Nvidia has announced that it will deliberately limit the capabilities for some of its newly graphic cards to keep a balanced inventory for gamers. Cards With […]

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