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The wealth of bitcoin mining titan Bitmain has long been assumed to be north of “huge”. Thanks to its near-monopolization of the ASIC manufacturing business, Bitmain has effectively had a license to print money. This week, Bernstein analysts released a report into Bitmain’s operations. It estimates the Chinese firm to have made $3-$4 billion last […]
The post Bitcoin Hardware Manufacturer Bitmain Made a Profit of up to $4 Billion Last Year appeared first on Bitcoin News.
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Bitcoin and cryptocurrency mining have provided a consistent and growing market for the computer hardware manufacturers that produce the relevant chips for each segment. The main player on the GPU side (in contrast to ASIC mining) in 2017 was Nvidia, but even it could not anticipate the strong demand from miners as the year progressed. […]
The post Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4 appeared first on Bitcoin News.
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Bitcoin might be magical internet money, but it has a very physical side in the form of the mining equipment needed to maintain the network. And if you’re someone that doesn’t like to leave an online trail or use a credit card for all your purchases, nothing beats a store IRL. That’s why bitcoin hardware […]
The post Physical Bitcoin Mining Hardware Store Bitmart Opens in South Africa appeared first on Bitcoin News.
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The invention of cryptocurrency is a revolution in modern finance but it has far reaching implications in many other fields as well. For example, a new initiative by UNICEF harnesses the power of mining to create a new form of philanthropy. Also Read: Senate of Nigeria Launches Probe of Bitcoin Trading in the Country Mining […]
The post UNICEF Asks Gamers to Mine Cryptocurrency for Syrian Children appeared first on Bitcoin News.
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Korean electronics giant Samsung is the latest chip manufacturer to enter the bitcoin mining hardware market. The company’s foundry has reportedly already began producing ASIC chips for a Chinese client earlier this month. Also Read: Vegetables on a Blockchain ICO Exit Scams After Paying People to Write On Their Bodies Samsung Bitcoin Chips Samsung Electronics […]
The post Samsung Enters the Bitcoin Mining ASIC Manufacturing Business appeared first on Bitcoin News.
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Cryptocurrency miners in Singapore can now buy their rigs pre-assembled right at the mall as more retail computer hardware shops enter this booming market. This is another strong sign of how retailers are diversifying away from their traditional costumers such as PC gamers, all due to the allure of cryptocurrency earnings. Also Read: Dr. Doom […]
The post Singapore Mall Sells Cryptocurrency Mining Hardware appeared first on Bitcoin News.
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There is a global interest in mining cryptocurrencies right now. Buying ASIC machines is a bit of a problematic venture for a lot of consumers, though. Especially when it comes to paying for these items, most people are still wary of companies such as Bitmain. In Singapore, that is no longer much of a problem these days. The country’s shopping malls are putting Bitcoin mining equipment on the shelf. It’s an interesting development that might just make cryptocurrency mining more accessible. Sim Lim Square Offers Mining Hardware For people who are interested in mining cryptocurrencies, using regular computer parts makes a lot ofPowered by WPeMatico
After years of enjoying the increased demand from cryptocurrency mining, GPU manufacturers have begun to signal they might not be too thrilled about miners overcrowding the market. Nvidia has requested retailers to take some measures to try and ensure its produces get into the hands of gamers, not miners. Also Read: U.S. Rating Agency to […]
The post Nvidia Tries to Limit GPU Sales to Cryptocurrency Miners appeared first on Bitcoin News.
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Hydro-Quebec, the largest state-owned utility in Canada, appears unable to meet the electricity demand from cryptocurrency miners seeking to establish operations in the energy-rich province. The announcement comes just weeks after the company sought to entice virtual currency miners as a means to bolster the province’s economic outlook, claiming that it had 5,000 megawatts of […]
The post Hydro-Quebec Unable to Meet Energy Demand From Cryptocurrency Miners appeared first on Bitcoin News.
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The world’s largest dedicated semiconductor foundry, TSMC, expects that the bitcoin mining industry will continue to grow this year, fueling an increased demand for its chips. Some analysts now see the cryptocurrency mining sector as offering the highest potential to cover for weak iPhone X sales for Apple’s primary chip supplier. Also Read: Austrian Bitcoin […]
The post Chip Giant TSMC Expects Strong Demand for Cryptocurrency Mining to Continue appeared first on Bitcoin News.
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