Chatgpt More Useful Than Crypto, Nvidia Tech Chief Says

Chatgpt More Useful Than Crypto, Nvidia Tech Chief SaysUnlike AI applications such as Chatgpt, cryptocurrencies do not bring “anything useful,” a top executive of U.S. chip maker Nvidia is convinced. The comment comes despite his company making significant sales in the space where its powerful processors are widely used to mint digital coins. Developing Chatbots More Worthwhile Than Crypto Mining, Nvidia Exec Claims […]

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A Look at the First Phone-to-Phone Bitcoin Transfer Using a Nokia N900 Smartphone

A Look at the First Phone-to-Phone Bitcoin Transfer Using a Nokia 900 SmartphoneWhen Satoshi Nakamoto created Bitcoin, the full node client came with a wallet often referred to as Bitcoin-Qt. Nakamoto’s simplified payment verification (SPV) concept was not available until two years later, after the former Bitcoin Core developer Mike Hearn published BitcoinJ in 2011. However, prior to the first SPV client or optimized lightweight bitcoin wallet, […]

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Electric Car Owner Says His Hacked Tesla Model 3 Mined up to $800 a Month Mining Ethereum

Electric Car Owner Says His Hacked Tesla Model 3 Mined up to $800 a Month Mining EthereumAccording to the 2018 Tesla Model 3 owner, Siraj Raval, he mined up to $800 a month in crypto assets with his hacked-out electric car. Similarly, Chris Allessi, the owner of a Tesla Model S tethered a Bitmain Antminer S9 to his car’s electrical system to mine bitcoin, and he’s mined monero with the car’s […]

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Demand for Mining Hardware Spikes in Russia, Prices Rise

Demand for Mining Hardware Spikes in Russia, Prices RiseThe market for crypto mining equipment in Russia has seen strong interest from buyers of both new and used devices, retail data indicates. This year, demand for application-specific integrated circuit (ASIC) machines has multiplied exponentially while video cards have been in short supply leading to rising prices. Crypto Miners in Russia Looking to Increase Computing […]

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Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years

Electric Coin Company Reveals Zcash Network Plans to Transition to Proof-of-Stake in 3 YearsOn Friday, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asset zcash, revealed the network plans to transition to proof-of-stake (PoS) consensus. ECC also revealed the team plans to launch an official ECC wallet, as well as bolster the network’s cross-chain interoperability. Zcash to Change From PoW to PoS The Zcash network currently leverages […]

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14- and 9-Year-Old Brother and Sister Duo Rake in $30K a Month Mining Crypto With Renewable Energy

14- and 9-Year-Old Brother and Sister Duo Rake in $30K a Month Mining Crypto With Renewable EnergyThe beauty behind cryptocurrency networks like Bitcoin is the fact that anyone can participate in the field of crypto mining. In fact, two siblings explained in a recent interview that they rake in more than $30K per month mining digital assets. Kid Duo Captures $30K a Month Mining Digital Currencies A 14- and 9-year-old brother […]

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Demand for Crypto Mining Rigs in Vietnam Rises With Bitcoin Prices, Report Reveals

Demand for Crypto Mining Rigs in Vietnam Rises With Bitcoin Prices, Report RevealsHigher cryptocurrency prices recently have restored interest in digital coin minting in Vietnam. Crypto mining is once again seen as an investment opportunity with other options being limited by the ongoing coronavirus pandemic that has been affecting the Asian country. Vietnam’s Sales and Prices of Crypto Mining Rigs Spike in September Demand for crypto mining […]

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Bitcoin Miners May Face Major Semiconductor Shortage — Sub-16 Nanometer Chip Costs to Rise by 20%

Bitcoin Miners May Face Major Semiconductor Shortage — Sub-16 Nanometer Chip Costs to Rise by 20%Fears of a major semiconductor chip shortage have started to make headlines again as the chips power nearly everything from new cars, phones, computers, and a myriad of other items. Reports stemming from Malaysia show that semiconductor manufacturers are dealing with an uptick in Covid-19 cases and this is plaguing the supply chain. Moreover, the […]

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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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