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Tag Archives: Mining

Mining Hardware Supply Chain Seeks Alternative Revenue Streams Amid Declining Demand

With demand for cryptocurrency mining hardware having sharply declined following the onslaught of 2018’s bear market, reports are indicating the companies operating in the supply chain behind mining hardware are increasingly seeking alternative revenue streams to offset falling demand from the mining industry. Also Read: SEC Executive: ‘Cryptocurrencies with Decentralized Structures Not Securities’ Cryptocurrency Bubble Pops […]

Wall Street Analyst Says $25,000 Bitcoin Prediction in 2018 is Still in Play

The cryptocurrency market has slowed over the past few days, with Bitcoin holding price levels within the mid $7,000s. However, Robert Sluymer and Tom Lee, both from market analysis firm, Fundstrat, believe that this will change very shortly. Tom Lee Reaffirms His $25,000 Prediction Again, This Time On Bloomberg Tom Lee is by-far one of […]

Bitmain’s Antminer Z9 Mini Designed to Mine Zcash, Threatens ASIC Resistance

Mining hardware manufacturer Bitmain has announced the release of its new Antminer Z9 mini, an ASIC (application-specific integrated circuit) miner capable of mining any cryptocurrency running the Equihash proof-of-work (PoW) algorithm. This includes, most notably, Zcash. The company made the announcement via its Twitter page: “Pleased to announce the Antminer Z9 mini, an ASIC miner […]

Samsung Profits Surge on High Demand for Bitcoin Mining Chips

South Korean Samsung Electronics saw its operating profits surge in the first quarter of this year compared to the previous year. The company attributes the increase to its semiconductor division which manufactures bitcoin mining chips and says that it expects the trend to continue into the second quarter. Also read: Yahoo! Japan Confirms Entrance Into the […]

UNICEF’s “Hope Page” Mines Cryptocurrency Through Visitors’ Computers

UNICEF Australia is using Coinhive — a crypto-mining service — to extract cryptocurrency through visitors’ computers and fund its ongoing mission in Bangladesh. The UN branch has long worked to provide humanitarian relief for both children and their mothers in developing nations. The organization has now created what representatives call the “Hope Page,” which allows […]

Cryptocurrency Mining Accounted for 10% of AMD’s Overall Revenue in Q1 2018

The cryptocurrency mining industry is spread all over the world and includes everyone from small miners with a few GPUs at home to vast datacenters with both ASICs and racks of endless GPUs. As such, one of the best ways to get an overall view of the market is via the chip suppliers. And the […]

IBM Reimagines Proof-of-Work for Blockchain IoT Devices

Your smart lightbulb can’t crush hashes at the rate of a giant mining farm, so how can it stay secure? The answer might be in the nonce.

Crypto Mining Boost Helps Taiwanese Chip Maker Break Sales Record

Cryptocurrency mining orders have helped set a new monthly sales record for Taiwanese semiconductor maker TSMC.

Samsung Is Building ASIC Chips for Halong Mining

Seoul-based multinational conglomerate Samsung has confirmed that it is providing ASIC chips to mine bitcoin, ether and assorted cryptocurrencies for hardware manufacturer Halong Mining. Prior to entering the mining space, Samsung was producing “high-capacity memory chips” for GPUs, which are predominantly used to handle computer graphics but also possess mining capabilities. Its partnership with Halong […]

Quebec Pushes Hydropower Utility to Halt New Bitcoin Mines

Quebec is temporarily suspending new cryptomining operations from setting up facilities in its low-cost power region.