Responding to strong market demand, AMD is planning to increase production of graphics cards which are currently in short supply. The recently launched RX Vega GPUs have virtually disappeared from shelves, with crypto mining gaining popularity among investors and enthusiasts. The revenue from the company’s Graphics Division has reached...
This week, the cities of Butte and Anaconda, Montana, learned bitcoin mining company Crypto Watt LLC secured 53 acres on which they plan to invest at least 75 million USD to facilitate the process of how the world’s most popular cryptocurrency’s transactions are authenticated and confirmed.   Also read: Nassim Nicholas...
The Ho Chi Minh City Customs Department has revealed that in the first 3 weeks of this month almost 8,000 mining rigs were imported into the city. This number exceeds the entire count of mining rigs imported into Vietnam last year. Also read: South Korean Officials Caught Trading On Insider Knowledge...
This week the publicly traded firm Mogo Finance Technology Inc. (TSX: MOGO) announced the creation of a new subsidiary called Mogo Blockchain. The fintech company’s new endeavor is a partnership with the firm DMG Blockchain Solutions in order to launch a bitcoin mining facility in British Columbia. Also read: How...
Major internet technology manufacturer and recent entrant into virtual currency mining hardware industry, GMO Internet Inc, has announced it has successfully developed a 12 nanometer (NM) Fin FET Compact (FFC) semiconductor chip for its next-generation of cryptocurrency miners. The company has described the innovation as a significant step “towards...
Wenatchee, a small town in Washington, is emerging as a new home for bitcoin miners. The town is about three hours aways from Seattle. What is it about this rural area causing people to move there and mine cryptocurrency? Also Read: How to Dollar-Cost Average Buy and Hodl Cryptocurrency Like A...
China has dominated the bitcoin mining industry for a couple of years, but fears of a government clampdown are signaling now might be the best time to enter the market elsewhere in the world. And someone just made a big bet that Russia, with its cold weather and plentiful...
The world’s largest dedicated semiconductor foundry, TSMC, expects that the bitcoin mining industry will continue to grow this year, fueling an increased demand for its chips. Some analysts now see the cryptocurrency mining sector as offering the highest potential to cover for weak iPhone X sales for Apple’s primary...
Hydro-Quebec, the largest state-owned utility in Canada, appears unable to meet the electricity demand from cryptocurrency miners seeking to establish operations in the energy-rich province. The announcement comes just weeks after the company sought to entice virtual currency miners as a means to bolster the province’s economic outlook, claiming...
After years of enjoying the increased demand from cryptocurrency mining, GPU manufacturers have begun to signal they might not be too thrilled about miners overcrowding the market. Nvidia has requested retailers to take some measures to try and ensure its produces get into the hands of gamers, not miners. Also...