In our “Mining” section, we cover everything related to cryptocurrency mining and blockchain network security. Here you will find information about mining hardware, mining pools, profitability, and the technologies behind validating transactions. Read the “Mining” section on ForkNews to learn how cryptocurrency mining works and stay updated on the latest developments.
One of the largest computer hardware manufacturers in the world, Asus Corporation, now allows players to use the excess power of their video cards to make money by mining cryptocurrencies.
The world's second-largest semiconductor chip maker, Intel, has received a patent for a Bitcoin mining system using an "energy-efficient hardware accelerator." According to a patent titled “Optimized SHA256 Datapath,” the newly invented “high-throughput” Bitcoin mining process could reduce overall energy consumption by 15 percent.
From January 2019, Norway is expected to abolish electricity benefits for mining companies. As a result, Swedish data centers are expecting a wave of requests from mining companies looking to move their operations to Sweden.
A class action lawsuit has been filed against Bitmain, accusing them of mining at the expense of buyers via Antminer S9.
The Blockchain Technology Foundation has been based in South Korea since its inception, but recently its representatives were in talks with the Paraguayan government to create something big - the world's largest mining farm and cryptocurrency exchange.
This decision was made against the background of the declining price of Bitcoin, due to which mining companies are forced to close due to lack of profit. According to a report, the Norwegian government has announced that the country's cryptocurrency miners will pay the usual electricity tax starting in the New Year.
Recently, the largest US mining company filed for bankruptcy, admitting its inability to pay its debts. According to court documents, Giga Watt's assets are valued at $50,000, its debts are nearly $50 million, and it has more than 50 creditors awaiting payment of numerous debts.
Anthony Dresch, founder of Korelya Capital, which led Bitfury's $80 million funding round, recently joined Bitfury's board of directors. And Bitfury's advisory board will now be chaired by Annette Nazareth, a former authorized representative of the US Securities and Exchange Commission.
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