MiningAmrit Mirchandani

GPU Prices Fall Correlating With the Cryptocurrency Market
Mining
GPU Prices Fall Correlating With the Cryptocurrency Market
Graphics Processing Units (GPUs) have become important primarily for mining of cryptocurrencies. Thus the recent slump in the cryptocurrency prices has lead to GPU prices falling due to lower demands. GPU’s had seen to be rising in prices from 2017 end to the beginning of 2018 when the cryptocurrency markets were seen to skyrocket to unbelievable levels. These Add-in boards (AIB) are dependent on cryptocurrencies. Robert Dow, Manager at Digital…
Mining
Floods in China create Havoc for Cryptocurrency Miners
Floods in the Sichuan province in China due to the heavy rains on June 27th and June 28th had become so severe that cryptocurrency mining operations in the area were damaged. According to the miners, these repairs are ‘almost impossible’ to repair. China has been booming regarding Bitcoin mining activities even though the government has maintained a strict stance on cryptocurrencies in the country. According to sources, China accounts for…
Mining
Bitmain to Release Zcash ASIC Miner
Important news for Zcash investors and users was revealed on Wednesday morning on Twitter.  Bitmain announced an Application Specific Integrated Circuit (ASIC) miner capable of mining Zcash. Zcash is based on Equihash, which is the Proof-of-Work (PoW) mining algorithm. Thus the new development of Bitmain will help mine ZCash. Bitmain revealed the latest news on the ASIC miner for Zcash on Wednesday morning, the 2nd of May. It will be…
UNICEF Using Crypto Mining to Help the World
Mining
UNICEF Using Crypto Mining to Help the World
If you think cryptojacking was wrong, wait till you see how helpful it has become. The United Nations Children’s Fund (UNICEF) is raising donations via visitors ending up on their website with the help of cryptocurrency mining. The website which UNICEF has gained much support through cryptocurrency mining is called the “The Hope Page”  When a visitor visits the website, they can contribute their computer’s processing power by a click of…
Australian Solar Farm to Power Cryptocurrency Mining Operations
Mining
Australian Solar Farm to Power Cryptocurrency Mining Operations
An Australian coal-mining city has recently turned its gaze towards more future-oriented areas of employment, as it approves a plan to construct a 20MW solar-cell farm. The solar farm will serve to power a datacenter and, rather than coal-mining, new cryptocurrency mining operations. This project is just one of many similar ones, and it comes as cryptocurrency mining is increasingly finding itself in the public eye due to its energy-intensive…
The Icelandic Bitcoin Thief Escapes
Mining
The Icelandic Bitcoin Mining Equipment Thief Escapes
 Sindri Þór Stefánsson, famous for masterminding and stealing hardware from a data center involved in cryptocurrency mining in Iceland has shocked the world once again. He has escaped the prison in Iceland where he was under police custody. He is reported to be in Stockholm, Sweden as of now.  The sneaky nature of Sindri has succeeded in his escape, but how long till he gets caught? The crime Sindri pulled…
Bitcoin Miner Blames Trading Crackdown in China after Being Shot by Local Gangsters
Mining
Bitcoin Miner Blames Trading Crackdown in China after Being Shot by Local Gangsters
 Things turned sour for one Taiwanese bitcoin miner who has been involved in an altercation with local gangsters. According to a local news outlet Liberty Times, the incident occurred on Saturday night when the two suspects scheduled a meeting with the miner with whom they made a significant investment. After having previously accepted ¥10m (roughly $1.7m) from the two suspects, reportedly surnamed Li and Gao, the miner who goes by…
Bitmain’s US Cryptocurrency Mining Operation Receives Clearance
Mining
Bitmain’s US Cryptocurrency Mining Operation Receives Clearance
 Bitmain has applied to lease land in rural Washington, in an effort to set up a mining operation on the US mainland. The Chinese mining giant is reportedly interested in access to the cheap hydroelectric power available in the state – however, some residents are expressing concerns regarding the massive amounts of electricity needed for large-scale cryptocurrency mining. Bitmain’s application comes through its ”Ant Creek” subsidiary. The Port of Walla…
Bitmain Begins Preorders for Ethereum ASIC Miners
Mining
Bitmain Begins Preorders for Ethereum ASIC Miners
 Bitmain is taking it up a notch in cryptocurrency mining, with the first ASIC miners being introduced into the market. Bitmain has been a sheer driving force, bringing in a competitive edge to cryptocurrency mining against its competitors, such as Nvidia. Bitmain, the Chinese manufacturer that specializes in cryptocurrency mining chips, will start to ship the Antminer E3 in July. This will add to the already successful portfolio of Bitmain.…
Korean Workers Illegally Siphoned Electricity from Factories to Mine Crypto
Mining
Korean Workers Illegally Siphoned Electricity from Factories to Mine Crypto
 Korean Workers Illegally Siphoned Electricity from Factories to Mine Crypto Escaping the sizable electric charges related to cryptocurrency mining has proved to hold a lasting appeal, even after authorities have cracked down on multiple individuals and organizations trying to illegally access electricity all around the world. The latest of these incidents took place in South Korea, where 14 people from 13 different companies were recently arrested for illegally accessing cheap electricity, intended for industrial use, and using it…