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New Report Reveals Bitcoin Mining Revenue Is Turning Around, Starting Slow Recovery
Mining
New Report Reveals Bitcoin Mining Revenue Is Turning Around, Starting Slow Recovery
The past year has been a troubled one for the cryptocurrency mining industry. Now, however, a recent report from the cryptocurrency industry newsletter Diar has confirmed that Bitcoin mining revenues have started increasing. Bitcoin mining revenue recently hit an 18-month low Specifically, this comes as Bitcoin mining revenues hit an 18-month low this February. To put this into perspective, February’s Bitcoin mining revenues were the lowest they have been since…
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…