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Despite worries about cryptocurrency mining — from the impact that it can have on the environment to the potential impact it can have on the rates for other local electricity consumers — the state of New York has approved a bid to provide cheaper electricity to miners. State...
The world’s largest producer of ASIC mining machines, Bitmain, is expected to invest $50 million into the upcoming IPO of Opera Ltd. Bitmain’s Expanding Circle of Influence Norway-based Opera Ltd., one of the top internet browsers, has just filed for a Nasdaq initial public offering (IPO) last week,...
Cryptocurrency mining profits are on the way down, resulting in declining demand for hardware, such as high-end graphics cards. Sources suggest that GPUs could drop by as much as 20% within the upcoming month. Mining Hardware Manufacturers Experience Declining Demand DigiTimes, a premier Asia-based technology news source, has...
Bitmain’s ASIC dominance has continued, with Bitmain-based mining pools collectively accounting for nearly 50% of all Bitcoin mining power. Bitmain Dominates Bitcoin ASIC Industry Two prominent Bitcoin mining pools, BTC.com and Antpool, contain 27% and 15.3% of Bitcoin’s hashrate respectively. Bitmain surprisingly owns and manages both pools, allowing...
An electric bicycle distributor has come up with a novel way of celebrating their 15th year in business. 50 Cycles have decided to launch an electric bike that actually mines cryptocurrency for its rider. Think Crypto Mining Can’t be Environmentally Friendly? Think Again… The range of bikes will...
The London Stock Exchange, one of the oldest stock exchanges in the world, has approved the listing of subscription-based mining firm Argo Blockchain, which will be the first crypto-related company listed. Argo Blockchain’s Listing Argo Blockchain said in a statement on Monday that it hopes to raise £20...
Jihan Wu runs Bitmain Technologies Ltd., the world’s largest producer of custom cryptocurrency mining chips. Financially speaking not much is known about the Chinese company, though Wu has hinted at the possibility of holding an initial public offering (IPO), which would force Bitmain to reveal more. What an IPO...
On Wednesday, The Verge reported that ASUS had announced one of its craziest creations yet. This being an updated version of the ASUS Mining Master motherboard which now supports up to 20 graphics cards. Mining Innovation: 20-GPU Supported Motherboard In normal cases, it would be an impossibility to...
The Canadian Province of Québec’s ban on the sale of electricity to cryptocurrency miners has been lifted, with a new decree expected to be put into place to monitor the sale of electricity to miners, according to sources. Hydro-Québec’s Mandate In a report from the Le Journal De Montreal,...
The Bolivarian Republic of Venezuela is home to one of the worst hyperinflation crisis in the world. Because of this, citizens are increasingly turning to mining cryptocurrencies to make up for their lack of funds. Cryptocurrency Mining Boom One major reason that crypto mining is booming is because...
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