Blockscale, Intel’s new Bitcoin (BTC) mining chip was launched on Monday, by the world’s largest semiconductor manufacturer. The application-specific integrated circuit, or ASIC, hardware is intended to function with proof-of-work blockchains that use SHA-256 encryption. According to Intel, Blockscale will have a hash rate of up to 580 gigahash per second (or 0.58 terahash per […]
Category Archives: Mining
The crypto-climate implications are under a study to determine the scope for balancing energy usage and climate change associated to digital assets by the President’s Agency of Science and Technology Policy (OSTP), an administrative office of the United States. On March 9, US President Joe Biden signed an executive order directing various federal agencies to […]
Proof-of-work (PoW) crypto mining will not be prohibited in the European Union, at least not this year. That was the outcome of last week’s widely awaited European Parliament committee decision (EP). An ad hoc alliance of social democrats and Greens proposed a last-minute amendment that would have imposed a de facto prohibition on proof-of-work mining […]
CargoX, a blockchain business that specialises in document transfer solutions, has announced a long-term renewal of its deal with the Egyptian government to modernise the country’s commerce processes. The Egyptian government incorporated CargoX’s Blockchain Document Transfer (BDT) service for its official NAFEZA single-window trading platform last year via its 80 percent-owned firm Misr Technology Services […]
Nvidia hackers are offering software to bypass crypto mining limiters on graphics cards.
A hacker organisation that penetrated Nvidia systems is offering software that is used to bypass crypto mining hash rate limits. LAPSUS$, a South American hacker organisation, claims to have stolen a terabyte of data from Nvidia servers in late February. The firm is now selling software in the form of a modified driver to unlock […]
Bitcoin miners in the United States are expecting to double the hash power of their mining operations through 2022. Other global players have been selling their Bitcoin in order to secure cash. Despite Bitcoin’s (BTC) three-month downturn, cryptocurrency mining farms in the United States remain devoted to boosting their capacity with new technology. Marathon Digital […]
Bitcoin, Law, Mining
Tonga is planning to use Bitcoin as legal cash and to mine Bitcoin using volcanoes.
Tonga, a small Pacific island, might recognise Bitcoin as a legal means of trade by the second quarter of 2023. It may also recognise Bitcoin mining by the third quarter of 2023. Lord Fusitu’a, a former Tongan parliamentarian, has revealed a possible timeline for the country’s adoption of Bitcoin. Fusitu’a, a Tongan aristocrat, had previously […]
Bitfury, a blockchain business, has announced the opening of a new crypto-mining data centre in Ontario, Canada. The new mining hub joins the list of existing Canadian locations, which include Drumheller, Alberta, and Medicine Hat, Alberta. Bitfury’s new crypto mining facility in Ontario is anticipated to be operational by the end of this month, with […]
According to Arcane study, Georgia’s small population is a dark horse for Bitcoin mining, accounting for over 1% of the industry’s total hash rate. At first look, the tiny Republic of Georgia seems to be an odd suspect in Bitcoin (BTC) mining operations. Although it is a mining underdog, the nation has ample hydropower and […]
Which countries are the next hotspots for miners, and where can Ether and Bitcoin be mined effectively – and financially — in 2022? One of the major issues in the crypto world in 2021 will be China’s aggressive mining policy, which resulted in a total ban on such activity in September. While mining as a […]