Archivos de etiquetas: Mining

Nvidia informa las ventas de cripto del primer trimestre, espera una caída de dos tercios en el segundo trimestre

Nvidia informa las ventas de cripto del primer trimestre, espera una caída de dos tercios en el segundo trimestre

Noticias
Nvidia (NASDAQ: NVDA), un fabricante estadounidense de unidades de procesamiento de gráficos (GPU), informó recientemente que la compañía generó $289 millones de ventas de procesadores al mercado de criptomonedas, Bloomberg informa el 10 de mayo.
Según se informa, esta es la primera vez que Nvidia comparte información con respecto a sus ingresos por ventas de chips en el mercado de mineria de criptomonedas. Según el analista de Susquehanna, Christopher Rolland, las ventas de Nvidia en ..

Sillicon Valley al estilo Bielorrusia: ¿Por qué nadie se apresura hacia las ICO libres de impuestos?

Sillicon Valley al estilo Bielorrusia: ¿Por qué nadie se apresura hacia las ICO libres de impuestos?

Detallado
El Decreto “sin precedentes” sobre el Desarrollo de la Economía Digital, firmado por el Presidente Alexander Lukashenko en diciembre, entró oficialmente en vigor el 28 de marzo en la República de Bielorrusia. El documento señala un nuevo amanecer para el país, facilitando cualquier tipo de actividad relacionada con las criptomonedas y según el líder debe hacer de Bielorrusia un “país tecnológico”.
La editorial Cointelegraph visitó el país post soviético para llevar a cabo su propia i..

ASIC Resistance Increasingly Hot Topic in Crypto as Monero Forks

ASIC Resistance Increasingly Hot Topic in Crypto as Monero Forks

Monero, a leading privacy-centric cryptocurrency, has undergone a hard fork in recent days – producing a new Monero chain in addition to the now renamed ‘Monero Classic’. The fork was initiated to protect Monero against mining centralization, as Bitmain had developed ASIC units purpose-built for mining XMR tokens.
Also Read: “Private Digital Money” Better than State-Issued, Swiss Central Banker Says
Monero Announces Network Upgrade On the 28th of March, Monero announced that it had scheduled a major upgrade for April 6th – which would see network undergo a hard fork.
The official announcement gave two primary outcomes that it intended to achieve through the fork. “First, a PoW tweak to curb any potential threat of ASIC and preserved ASIC resistance, and “Second, the minimum ring size is bumped to 7.” Monero’s expansion in minimum ring size was executed in order to strengthen the privacy afforded by XMR.
It was revealed last month that Bitmain had developed a new ASIC product specif..

Verge Is Forced to Fork After Suffering a 51% Attack

Verge Is Forced to Fork After Suffering a 51% Attack

Verge, a ”privacy coin” famed for the zealotry of its community, has fallen prey to a 51% attack. A malevolent miner gained majority control of the network hashrate, a feat that makes it possible for the controlling entity to modify transactions, calling the integrity of the entire blockchain into question. Around 250,000 verge were stolen by the attacker, forcing the project team to prepare a hard fork.
Also read: “I don’t want this” says Mt Gox CEO Mark Karpeles in Surprise ‘Ask-Me-Anything’
Accident-Prone Altcoin Has Another Bad Day On Wednesday April 4, “ocminer”, a regular poster on the Bitcointalk forum, announced that verge (XVG) was experiencing a 51% attack. A bug in the altcoin’s code enabled the attacker to spoof timestamps and cause each new block to be produced using the same algorithm. Usually, a different algorithm must be used for each block to prevent any single miner or pool of miners from controlling the XVG hashrate. The verge community aren’t known for their tole..

Bitcoin vs Oil and Gold: There Is a Difference

Bitcoin vs Oil and Gold: There Is a Difference

It’s an easy comparison to make: Bitcoin mining versus gold and oil extraction. All – in the abstract sense for bitcoin – involve unearthing resources, all have had bumpy price histories, and all have been labeled as disruptive in their time.
Also read: Crypto Exchanges Charging Up To $3 Million To List Tokens
Gold vs Oil vs Bitcoin There are crucial differences between the three assets, especially when it comes to tracking what happens to supply after an increase in price. Twitter user @WallSt_Dropout produced a series of fascinating charts that help illustrate those differences perfectly.
First, oil. As the price of oil starts to climb, there’s a marked response in oil production. Why? Because now there’s extra incentive to invest in infrastructure/extraction capabilities.

As oil production begins to outstrip demand, there’s a drop in the price of oil. It’s now not as profitable to remove quite as much oil as before, so production eases off. As oil prices start to recover – tha..

Florida State Citrus Employee Arrested for Mining Cryptocurrencies

Florida State Citrus Employee Arrested for Mining Cryptocurrencies

This week a government employee working for Florida’s Department of Citrus (FDoC) was arrested for purported cryptocurrency mining using the department’s computers. According to the Florida Department of Law Enforcement (FDLE) agents, the IT manager mined BTC, LTC, and other digital currencies.
Also Read: Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32%
Mining Cryptocurrency Using Government Computers The FDLE has filed charges against an IT manager named Matthew McDermott who is accused of mining cryptocurrencies using the FDoC’s computer system. Additionally, the police say McDermott paid $22,000 USD for 24 graphic processing units (GPU) using the Citrus agency’s credit card as well. The FDLE reveals that McDermott was taken to Polk County Jail and is being charged with grand theft and misconduct. McDermott will appear before the 10th Judicial Circuit for the mining allegations.
“Through the diligence of the executive management team at the Florida Department..

South Carolina Declares Cloud Mining Contracts to Be Securities

South Carolina Declares Cloud Mining Contracts to Be Securities

The Attorney General of South Carolina has served a cease and desist order on Genesis Mining. In documents filed before its Securities Commissioner, it has declared cloud mining contracts to be securities, in a move that could have repercussions beyond the confines of the Palmetto State.
Also read: ‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce
Attorney General Forecasts Dark Clouds for Mining Contracts Cloud mining contracts enable individuals to purchase hashing power without the need to get their hands dirty. Rather than have to order, install, and maintain a bunch of miners, capacity can be purchased from a datacenter that’s set up to mine crypto. Genesis Mining is one of the most well established operators in the space. It, as well as companies such as Hashflare, has been plying its trade for years. Now, a cease and desist order looks set to put paid to that, in the state of South Carolina at least.
“Join over 1,000,000 people with the world’s leading hashpower provide..

Large Mining Farm Discovered in Abandoned Russian Factory

Large Mining Farm Discovered in Abandoned Russian Factory

A large illegal facility for mining bitcoin was discovered by police in the Russian city of Orenburg. The farm has been set up on the premises of an abandoned factory. The masterminds of the crypto project have stolen electricity worth 60 million rubles. They risk years of imprisonment.
Also read: Bitmain Opens Repair Center in Russia
One of Russia’s Biggest Investigating unusual consumption of electricity, police in the Russian city of Orenburg came across one of the largest facilities for cryptocurrency mining in the country. The unknown miners have illegally set up their farm in a closed-down plant, plugging the cables into the nearby transformer station.
In what Russian media described as “a scene from The Matrix”, investigators found racks upon racks of mining processors. The farm was equipped with powerful application specific circuits, and not the ordinary video cards, used by amateur miners.

The ASIC devices have been most likely used to mine bitcoin, as they are able to ..

Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32%

Nasdaq-Listed Marathon Begins Bitcoin Mining Operations, Stock Up 32%

Traditional stock investors have just gotten another avenue for indirect exposure to the bitcoin market. A Nasdaq exchange listed former patent management company, Marathon, has changed its focus to ASIC mining and today started producing bitcoin.
Also Read: Silicon Valley VCs Help Crypto Hedge Fund Reach Quarter Billion Target
Marathon Mining Marathon Patent Group bitcoin mining facility in Quebec Marathon Patent Group, Inc. (Nasdaq:MARA), today announced that it has commenced bitcoin mining at a new facility in Quebec, Canada. Investors seems to greatly approve of this development as the stock is up 32% as of the time of writing a couple of hours after market open.
Marathon revealed that it had purchased 1,400 Antminer S9 miners from Bitmain and had leased 26,700 square feet of data center space in Quebec. The operations are expected to utilize approximately 2.0 MW and deliver approximately 19 Ph/s of ASIC mining capacity. The company is seeking to add up to an additional 3.9 MW ..

‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce

‘Cryptomatoes’ Using Excess Mining Heat to Grow Produce

Over the past couple of years, there’s been a lot of discussions concerning the energy consumed by cryptocurrency mining. However, more recently mining operations have been using environmentally friendly methods and some of them are channeling the excess heat to do produce other goals. This week the co-founder of the trading platform Nakamoto X, Kamil Brejcha, revealed a picture of tomatoes growing in a greenhouse that uses excess mining heat for the plant’s sustenance.
Also Read: Silicon Valley VCs Help Crypto Hedge Fund Reach Quarter Billion Target
‘Cryptomatoes’ Kamil Brejcha. On March 10 the co-founder of the exchange Nakamoto X, Kamil Brejcha, revealed a photo of large bunches of tomatoes that were grown using excess heat from cryptocurrency miners. Mining rigs and computer servers, in general, give off a decent amount of heat and many cryptocurrency proponents have used this resource to heat homes, and other types of solutions. Brejcha explains the “cryptomatoes” became a reali..