Mining

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

Computing hardware maker Nvidia is projecting as much as $150 million in revenue for its crypto mining-specific product line during the first quarter of the firm’s 2022 fiscal year. The $150 million revenue estimate was included in an April 12 release, which came months after the firm confirmed that it would produce and sell so-called …

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year Read More »

Bitcoin mining chipmaker TSMC to invest $100 billion over three years to grow its capacity

Bitcoin mining chipmaker TSMC to invest $100 billion over three years to grow its capacity

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest contract chipmaker that counts the world’s bitcoin hardware designers among its clientele, plans to invest $100 billion over the next three years to grow its capacity. “TSMC expects to invest USD$100b over the next three years to increase capacity to support the manufacturing and R&D of advanced …

Bitcoin mining chipmaker TSMC to invest $100 billion over three years to grow its capacity Read More »

Kentucky poised to approve tax, energy incentives for cryptocurrency mining

Kentucky poised to approve tax, energy incentives for cryptocurrency mining

Public records indicate that lawmakers in Kentucky appear set to approve two proposed laws aimed at incentivizing cryptocurrency mining activity in the U.S. state. There are two bills moving through the state’s legislature, known as the General Assembly. One is centered around tax incentives and, as noted by local media, is part of a broader …

Kentucky poised to approve tax, energy incentives for cryptocurrency mining Read More »

Ethereum's biggest mining pools take opposing stances on EIP-1559 plan

Ethereum’s biggest mining pools take opposing stances on EIP-1559 plan

Two of the three largest Ethereum mining pools are the latest to take a public stance on Ethereum Improvement Proposal (EIP)-1559, a proposed protocol update that could reduce miners’ transactional revenues. F2Pool, currently the third-largest Ethereum pool with about 11% of the network’s hashrate, has said it supports the EIP-1559 proposal in a post on …

Ethereum’s biggest mining pools take opposing stances on EIP-1559 plan Read More »

Binance launches Ethereum mining pool, with lower fees than rivals

Binance launches Ethereum mining pool, with lower fees than rivals

Crypto exchange Binance has launched an Ethereum mining pool, seven months after launching a Bitcoin mining pool. The expansion means Binance Pool users can now also mine ether (ETH), in addition to bitcoin (BTC). Binance will charge a 0.5% pool fee for ETH mining, half of what its competitors are charging. Ethermine and SparkPool, for …

Binance launches Ethereum mining pool, with lower fees than rivals Read More »

Over 40% of Ethereum mining revenue in August came from fees

Over 40% of Ethereum mining revenue in August came from fees

Ethereum miners generated $285.1 million in revenue in August, representing a month-over-month increase of 98.2% and a 25-month high, according to research from The Block. Last month, transaction fees on Ethereum increased significantly, fueled by the yield farming mania. Fees as a percentage of mining revenue reached an all-time high of over 40.5% of the …

Over 40% of Ethereum mining revenue in August came from fees Read More »

This new card game aims to teach kids about Bitcoin mining

This new card game aims to teach kids about Bitcoin mining

I entered the crypto space a few months ago with a very rudimentary understanding of how cryptocurrencies, blockchain and digital markets work. So, when I heard about a new bitcoin game designed to educate people about how the technology works, I was immediately intrigued. SHAmory — an amalgamation of “SHA” from SHA-256, a cryptographic algorithm …

This new card game aims to teach kids about Bitcoin mining Read More »

PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement

PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement

According to a recent lawsuit filed in the Western District Court of Texas, data center power management firm Lancium has accused bitcoin mining firm Layer1 of infringing upon its patented technology to adjust power usage in bitcoin mining facilities.  Backed by investors like PayPal Co-founder Peter Theil and the Digital Currency Group, CoinDesk’s parent company, …

PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement Read More »

Inside the Craze for Filecoin Crypto Mining in China

Inside the Craze for Filecoin Crypto Mining in China

As Filecoin inches closer to a blockchain mainnet launch – after several delays since its $200 million raise in 2017 – investors in China are again speculating heavily on the network’s mining hardware and its token prices.  Since Protocol Labs, the foundation behind Filecoin, released a “Testnet Incentives” program on June 9 that was scheduled …

Inside the Craze for Filecoin Crypto Mining in China Read More »

Scroll to Top