MiningDennis Sahlstrom

Bitcoin Mining
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 said that blockchain is here to stay. He argued that technology is revolutionary and that they saw an increasing demand for GPUs. However, the demand…
ASUS Hardware Will Start Letting Gamers Use Idle GPU Power to Mine Crypto
Mining
ASUS Hardware Will Start Letting Gamers Use Idle GPU Power to Mine Crypto
Taiwanese tech giant ASUS is opening up ways to allow gamers to use excess power on their graphics cards to mine crypto whilst they play. ASUS is one of the largest producer of computer hardware in the world, and the world’s 5th largest vendor of PCs by sales. The firm has now announced a partnership with Quantumcloud, a mining app provider which is planning to allow gamers the option of…
600,000 Miners Shut Down Business In The Last Two Weeks
Mining
600,000 Miners Shut Down Business In The Last Two Weeks
According to F2Pool, the third largest mining pool, between 600,000 and 800,000 bitcoin miners have shut down business. They have shut down at a rapid pace and done so by mid-November. Why have bitcoin miners shut down? Mao Shixing is the founder of F2Pool and told Coindesk bases his estimates on the number of miners that have shut down on different metrics. These metrics consists of the total hashrate drop…
Class-Action Suit Claims Bitmain Used Customer Resources to Mine Bitcoin
Mining
Lawsuit Claims Bitmain Used Customer Resources to Mine Bitcoin
Based on a class-action suit which was filed in a Northern California district court in the United States, Bitmain has allowed some shady practices over the past few years. According to the suit, Bitmain accessed user resources when they were going through the “initialization” process to mine for Bitcoin. According to a bitcoin miner who was also a Bitmain user, during the initial period which a miner was in possession…