Category: cryptocurrency mining

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Bitcoin Hardware Manufacturer Bitmain Made a Profit of up to $4 Billion Last Year

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...

Cryptocurrency Mining Demand Exceeded the Expectations of Nvidia in Q4

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...

Bitcoin Has Triggered the Energy Arms Race

4NEW, Powerledger, Wepower, Jibrell Networks, Earth Token, and KWHCoin are some of the players within the energy sector to have entered crypto over the past six months. One could argue that Bitcoin may have triggered the energy arms race...

Cryptocurrency Mining Causing GPU Price Gouging, Even in Bundles

You think Bitcoin miners are hurting these days? Ask PC gamers how they’re feeling! Buying in Bulk PC gaming enthusiasts looking to purchase top-tier GPUs to power their 4K and high frame-rate gaming experiences are quickly finding their...

Physical Bitcoin Mining Hardware Store Bitmart Opens in South Africa

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...

UNICEF Asks Gamers to Mine Cryptocurrency for Syrian Children

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...

Samsung Enters the Bitcoin Mining ASIC Manufacturing Business

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...

Singapore Mall Sells Cryptocurrency Mining Hardware

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...

Nvidia Tries to Limit GPU Sales to Cryptocurrency Miners

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...

Hydro-Quebec Unable to Meet Energy Demand From Cryptocurrency Miners

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...