Tag: Mining

Hut 8 Mining Targets Gaming, Web3 With Cloud Services Expansion

Stephen

Hut 8 Mining recently acquired five data centers across Canada from TeraGo The company finalized a multi-year partnership with Enthusiast Gaming Wednesday One of North America’s largest bitcoin miners is aiming to build out its cloud computing business.  Hut 8 Mining, fresh off a recent acquisition, is looking to diversify its business beyond mining digital assets, Sue Ennis, vice president of investor and corporate development, told Blockworks. The Toronto-based company mined 289 bitcoins last month and held 6,115 bitcoins on its balance sheet as of Feb. 28. Hut 8 has…

Nvidia hackers selling software unlock for graphics card crypto mining limiters

Martin Young

A hacking group that infiltrated Nvidia servers last month is attempting to sell software that could unlock crypto mining hash rate limiters on the firm’s flagship graphics cards. A South American hacking group going by the name LAPSUS$ claims to have stolen a terabyte of data from Nvidia servers in late February. The group is now offering software in the form of a customized driver to unlock limiters the company has put on its high-end graphics cards. Nvidia stated that it became aware of the incident on Feb. 23, and…

Kazakh ministry halts illegal crypto mining operations

Arnold Kirimi

The Kazakh Ministry of Energy announced that it has discovered and terminated 13 cryptocurrency mining operations. The government executed the shutdown as part of its efforts to regulate the Bitcoin (BTC) mining sector, which has grown increasingly popular in recent years. As per the official statement, the miners were using a lot of energy, with a total power consumption of 202 megawatts. According to the Kazakhstan government, efforts to identify and disconnect mining farms from the electrical networks will continue. Following the discovery of illicit mining operations, authorized bodies will…

Georgia punches well above its weight for Bitcoin mining: Report

Joseph Hall

At first glance, the pint-sized Republic of Georgia is an unlikely suspect for Bitcoin (BTC) mining activity. An underdog for mining, the country boasts abundant hydropower while ranked seventh worldwide for the World Bank’s ease of doing business index –ahead of the United Kingdom and Germany. Nestled on the Black Sea at the intersection of Europe and Asia, Georgia hosts Bitfury’s industrial mining operations as well as smaller, solo miners that tap into enormous amounts of hydroelectric power. Dutch miner Bitfury’s Bitcoin mining operation at the foot of the Tblisi National Park.…

Intel unveils 2nd-gen Bonanza Mine chip for efficient Bitcoin mining

Arijit Sarkar

Computer chip manufacturing giant Intel Corporation shared details of a new mining chip that will be coupled with a high-performance 3,600 Watt miner with the ultimate goal of improving Bitcoin (BTC) mining efficiency.  Intel revealed its second-generation BTC mining setup during the IEEE International Solid-State Circuits Conference (ISSCC) 2022, a conference dedicated to the electronics and chip manufacturing industry. According to the company, Bonanza mine (BMZ2) is an ultra-low-voltage energy-efficient Bitcoin mining ASIC that can deliver 40 Terahashes per second (40 TH/s) performance. Intel’s Bonanza setup. Source: 2022 IEEE As Cointelegraph…

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