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Posts published in “ASIC”

Bitmain’s overproduction of ASIC miners led to lower mining profits, claims miner

Bitmain and other crypto companies suffered massive losses during the bear market. However, Bitmain’s effect on Bitcoin’s price, performance, and its decentralization was discovered to be more than what was previously anticipated. James McAvity, a Bitcoin enthusiast and miner, posted a series of tweets explaining…

Expert: Renewable Energy Not Enough for Bitcoin’s Sustainability Problem

A PwC blockchain expert states that renewable energy is insufficient in addressing Bitcoin’s massive energy consumption. Renewable energy will not solve Bitcoin’s (BTC) sustainability problem according to a blockchain specialist at Big Four auditing company PwC, Alex de Vries. De Vries presented his argument in…

Monero Protocol Upgrade Thwarts all Current ASIC Mining Attempts

Any finance-oriented industry will need to undergo constant development, changes, and face new competitors. In the cryptocurrency world, that situation is no different, although things are done a bit differently. Monero, one of the more popular altcoins, has undergone another major fork, which makes the…

Monero Successfully Upgrades Its Protocol

Monero (XMR), a privacy-focused cryptocurrency launched in 2014, announced that it has successfully performed a protocol upgrade on March 9, 2019.  Hard Fork Aims to Improve Monero’s Key Features Monero (XMR) strives to differentiate itself from other cryptocurrencies by focusing on privacy and security. With…

Crypto Winter Survivor: Inside Nvidia’s Difficult Relationship With Mining

U.S. hardware manufacturer Nvidia reported full-year revenue gains in 2018. On Feb. 14, California-headquartered gaming and computer hardware manufacturer Nvidia reported full-year revenue gains in 2018, despite being one of the companies worst hit by the cryptocurrency market dip and subsequent lack of demand for…

Mining Giant Bitmain Launches New Generation ASIC Mining Chip

One of the largest ASIC hardware manufacturers in China-Bitmain is in our crypto news today for announcing its new generation ASIC mining chip that is 7nm (nanometer) according to their official press release published today. The new hardware BM1397 that will be used to mine…

ASIC chip technology is renewable energy’s future

As renewable forms of energy production see major efficiency gains, there’s a growing question of what to do when a solar array or windmill produces more power than is immediately needed. Storing the energy in the grid or in batteries can be costly, inefficient, or…

Australian Banks Fraudulently Collected Fees From Deceased Customers

A national inquiry into the misconduct of Australia’s banking sector has revealed profit-driven malpractice that has shattered customer trust. Some of the country’s largest banks were found guilty of making families homeless and charging fees for non-existent services, sometimes to dead customers. They also caused…