Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining
Iris Energy has invested $10 million in the latest generation Nvidia GPUs to explore generative AI while it continues to focus on Bitcoin mining. Go to Source
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Bitcoin may hit $100K by capturing ‘even 2%–5% of gold’s market cap’ — Hut8 VP Sue Ennis
New developments in the Bitcoin mining space have Hut8 vice president Sue Ennis convinced that well positioned miners will thrive after the next BTC halving. Go to Source
Intel will stop manufacturing chips for Bitcoin miners: Report
The semiconductor chip manufacturing company will reportedly stop taking orders for the Blockscale 1000 Series ASICs by Oct. 20. Go to Source Powered by WPeMatico
Is GPU mining profitable after the Ethereum Merge?
The Ethereum merge is the upgrade from proof-of-work to proof-of-stake as a way of validating block transactions on the network. Go to Source Powered by WPeMatico
Top 3 reasons why Bitcoin hash rate continues to attain new all-time highs
Bitcoin miners continue to take advantage of the falling GPU prices to upgrade their mining equipment as they aim to remain competitive in the fierce competition. Go to Source Powered by WPeMatico
Hive Blockchain explores new mineable coins ahead of Ethereum merge
Hive’s Ethereum mining operations have historically generated three to four times more revenue per megawatt than Bitcoin mining, the firm said. Go to Source Powered by WPeMatico
Not just Bitcoin price: Factors affecting BTC miner profitability
As many crypto holders are gearing up for a bear market, what are the factors influencing the mining business? Go to Source Powered by WPeMatico
Global GPU price drops to compensate for falling Bitcoin mining revenue
The meteoric drop in GPU prices opened up a small window of opportunity for small-time miners to procure a piece of more powerful and efficient mining equipment. Go to Source Powered by WPeMatico
Nicehash Software ‘Fully Unlocks’ Nvidia’s Hashrate Reducing Technology
On Saturday, the cryptocurrency mining platform Nicehash revealed the company has “fully [unlocked] Nvidia’s [Lite Hash Rate]” graphic processing units (GPUs). Nicehash says the firm’s Quickminer mining software is the first protocol that can unlock LHR GPU cards by 100%. Nicehash Says Software Is the First to Fully Crack Nvidia’s Lite Hash Rate Technology According … Read more
SEC Fines Nvidia $5.5 Million for Failing to Disclose Crypto Mining Significantly Boosted Its Revenue
The U.S. Securities and Exchange Commission (SEC) has charged Nvidia Corp. for failing to disclose that crypto mining significantly boosted its revenue. The company agreed to a cease-and-desist order and to pay a $5.5 million penalty. Nvidia Failed to Disclose That Crypto Mining Was a Significant Element of Its Material Revenue Growth The U.S. Securities … Read more
