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Chatgpt More Useful Than Crypto, Nvidia Tech Chief Says

DIGIT — Thu, 30 Mar 2023 09:00:49 +0000

Unlike 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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Demand for Mining Hardware Spikes in Russia, Prices Rise

DIGIT — Sun, 19 Dec 2021 12:00:09 +0000

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

DIGIT — Tue, 07 Sep 2021 21:30:54 +0000

Higher 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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Mining Hardware Thief Gets 3-Year Sentence in Russia

DIGIT — Mon, 30 Aug 2021 05:45:34 +0000

Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison. Russian Convicted of Stealing Mining Rigs Receives Prison Sentence A 34-year-old man from […]

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Ukraine Uncovers Country’s Largest Illegal Mining Farm to Date

DIGIT — Sat, 10 Jul 2021 21:30:48 +0000

The Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so far. Ukraine Seizes Thousands of Video Game Consoles Mining Crypto With Stolen Electricity Ukraine’s main law enforcement […]

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Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

DIGIT — Mon, 31 May 2021 13:01:21 +0000

With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn […]

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Nvidia Makes $155 Million From Crypto Mining Chips in Fiscal Q1

DIGIT — Thu, 27 May 2021 18:00:18 +0000

Graphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter. The company admitted that crypto miners have also pushed sales up in the gaming products segment which remains its main market. Leading GPU Maker Reports Record High Video Card Sales Supported by Crypto Miners […]

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In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

DIGIT — Thu, 21 Mar 2019 11:49:41 +0000

In this edition of The Daily, we feature a couple of announcements by leading crypto exchanges. Binance starts selling cryptocurrency for cash at newsagent stores in Australia, while Huobi is launching its new token listing platform. In other news, Aeternity and Satoshipay join forces to offer faster crypto micropayments and Nvidia expects to clear mining […]

The post In the Daily: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory appeared first on Bitcoin News.

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In the Daily: Cryptocurrency Payments, Nvidia Losses, Suspended CFD

DIGIT — Sat, 16 Feb 2019 12:16:00 +0000

In the first edition of The Daily this weekend, we focus on a study estimating that 13 percent of people have used digital coins for payments. We also look at the latest financial report from Nvidia indicating losses due to falling demand for chips used in cryptocurrency mining. Lastly, a broker suspends its crypto CFD […]

The post In the Daily: Cryptocurrency Payments, Nvidia Losses, Suspended CFD appeared first on Bitcoin News.

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A Guide to Building Your Own Crypto Mining Rig

DIGIT — Mon, 01 Oct 2018 00:10:45 +0000

Cryptocurrency mining has in many respects become an industrialized business. But despite the concentration of hashing power, the increasing difficulty and diminishing returns, in some cases it can still be profitable to mint coins as an amateur miner, probably the most honest way to earn some digital cash. Here’s a guide on how to build […]

The post A Guide to Building Your Own Crypto Mining Rig appeared first on Bitcoin News.

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