mining

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Chinese Firm Invests $25 Million in ‘Cryptocurrency Mining Data Center’ in Texas

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On Wednesday, the firm Bit Mining Limited, formerly known as 500.com, announced it has entered into a binding investment in a cryptocurrency mining data center located in Texas. The binding investment worth $25 million is with Dory Creek, LLC as the two companies will construct and operate a 57.2 MW mining facility powered by 85% … Read more

Bitcoin Hashrate Slides- Low BTC Prices, Sichuan Wet Season, Upcoming Difficulty Spike to Blame

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While bitcoin prices plummeted this week, the network’s hashrate has also dropped considerably since tapping a high on May 9. Since then, the hashrate has seen swings between 10-15% because of the crypto market downturn, alleged issues with power outages in Sichuan, China, and the upcoming difficulty change. Similar to the Price, Bitcoin Hashrate Sees … Read more

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

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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 … Read more

Elon Musk Invented Bitcoin, if You Ask Half of Australians Polled by Finder

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Australians have been learning more and more about cryptocurrencies but it turns out some myths and misconceptions are still widespread among the general public Down Under. As a most stunning example, over half of the participants in a new poll by Finder believe Elon Musk invented the first crypto network, Bitcoin. Finder Tests Australians With … Read more

Chinese Internet Cafe Owners Deal With the Pandemic Crisis by Using Their Facilities to Mine Cryptocurrencies

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The Coronavirus pandemic has driven people to take advantage of new business lines to deal with the economic crisis, and cryptocurrency is once again a headliner. Internet cafe owners in China are using their facilities to set up crypto mining farms after temporarily shutting down in 2020. Owners Are Earning Around $6,200 Monthly According to … Read more

Crypto Miners Using Household Electricity Face Fines as Consumption Spikes in Iran

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Those who mine cryptocurrencies with power intended for domestic use will pay hefty fines, the Iranian government warned. The country is experiencing shortages due to reduced hydropower generation as authorities register a surge in electricity consumption for cryptocurrency mining. Crypto Miners to Pay for Damages to the Power Grid Hydropower plants in Iran have been … Read more