China Economic Planner Considers Ban on Cryptocurrency Mining

This Monday, China’s National Development and Reform Commission (NDRC) published a paper including undesirable economic activity that the Chinese government wants to see phased out. Perhaps most notably, Bitcoin mining is included among these activities. China is the largest crypto mining market in the world…

Crypto Mining Pool Prediction: Bitcoin Could Reach $740,000 Per Coin

News outlet 8BTC reported that Zhu Fa, CEO of the mining pool Poolin, predicted a price for bitcoin of $740,000. Despite the current bearish sentiment, he argued that the future for the biggest cryptocurrency is bright. Bitcoin mining and predictions The mining companies struggle when…

Nvidia Stands Before A Lawsuit Over Mining GPU Losses

The major Graphics processing unit (GPU) producer Nvidia faces a lawsuit because of losses made after falling crypto prices. The company reported losses due to the falling demand for GPUs. Nvidia – falling with the crypto prices Over nine months ago, Nvidia’s CEO Jensen Huang…