A drop in crypto mining chip sales dragged down the chipmaker’s OEM business unit year-over-year. Author: Aoyon Ashraf Source link
Nvidia’s Crypto Mining Chip Revenue Now 'Nominal' Following Months of Decline
Tag: Mining
China Can’t Seem to Stop Bitcoin Mining
In theory, miners turn off their machines whenever bitcoin prices drop significantly, and it becomes unprofitable to keep them running. This time, even though hashprice has decreased, we haven’t seen this sort of drop off, and we have the public mining company filings to prove it. Public miners have all publicly repped to something along the lines of, “We are mining bitcoin, we want to mine more bitcoin, we are going to hold as much of the bitcoin we mine as possible and we’re going to use other sources of…
First a Hum and Then a Bang –Niagara Falls Residents Forced to Reckon With Crypto Mining
Most residents near the Blockfusion site told CoinDesk they had heard the explosion but weren’t too alarmed at the time, and said the resulting fire was put out quickly. Teresa Chapelle, who lives about one-third of a mile away, said she not only heard, but also felt, the explosion inside her home. Author: Eliza Gkritsi Source link
Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers
Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as senior decision-makers and investors pay closer attention to environmental, social and governance factors. As such, many crypto miners are highlighting environmentally friendly practices by acquiring carbon offsets. Yet, some would argue that this isn’t enough to guarantee green Bitcoin mining. Other risk factors may also be involved with carbon credits. For instance, Kevin O’Leary — the Canadian entrepreneur better known as “Mr. Wonderful” for his role on Shark Tank…
Cipher Mining, WindHQ Joint Venture Secures $46.9M Loan From BlockFi
The Alborz JV will use the proceeds to purchase S19j Pro mining rigs for its 40 megawatt data center in Texas. Author: Aoyon Ashraf Source link
Crypto Mining Moratorium Faces Stiff Headwinds in Albany
A bill that aims to put a two-year moratorium on certain types of proof-of-work crypto mining in New York is facing a fresh wave of pushback from industry leaders, lobbyists and lawmakers. Author: Cheyenne Ligon Source link
What Mining Moratorium Could Really Mean for New York’s Crypto Industry
“It’s troubling to me that a bill like this is directly targeting one specific industry. New York itself could use all the help it can get in generating jobs and keeping people here in the state, but also in developing new technologies and bringing the state forward,” Olsen said. “We’ve seen a lot of anti-tech rhetoric and legislation in previous years …[crypto] companies are just going to think ‘You know, it’s not worth it here in New York,’” he said. Author: Cheyenne Ligon Source link
Go green or go home? What the NY State mining moratorium could mean for crypto industry
On April 26, the State of New York put itself at the forefront of the regulatory struggle with crypto, as its Assembly voted for a two-year moratorium on crypto mining operations that use energy generated by fossil-fuel power plants. Depending on how one looks at it, this development could either signal a new alarming legislative trend or a trigger that would accelerate the digital asset industry’s movement toward a more sustainable path. Moratorium with further evaluation The lower chamber of the NY state legislature, the Assembly, passed a bill that…
Bitcoin Miner Argo Raises Hashrate Guidance Thanks to Intel Mining Chips
The miner now sees 2022 hashrate at 5.5 EH/s from previous guidance of 3.7 EH/s. Author: Aoyon Ashraf Source link
Sustainable energy usage for BTC mining grows nearly 60% in a year
Bitcoin (BTC) mining companies are further adopting green energy as the global Bitcoin mining industry increased its sustainable energy mix by approximately 59% year over year. The Bitcoin Mining Council (BMC) is group of 44 Bitcoin mining companies claiming to represent 50% of the global Bitcoin network, or 100.9 exahash (EH). It released a new report on Monday April 25 with the findings. The group is also fronted by Bitcoin proponent and MicroStrategy CEO Michael Saylor. The latest survey of BMC member companies questioned how much electricity their companies consumed,…