Intel today announced details about its new bitcoin mining chip, the Intel Blockscale ASIC, which is designed to improve the energy efficiency of proof-of-work (PoW) mining. The Blockscale ASIC device will handle up to 256 integrated circuits per chain and offer a hash rate of up to 580 gigahashes per second (GH/s), a power efficiency … Read more
Along a dirt-covered road deep in Texas farm country, the cryptocurrency company Argo Blockchain is building a power plant for the internet age: a crypto “mining” site stocked with computers that generate new bitcoins. But unlike other bitcoin mining operations, which consume large quantities of fossil fuels and produce carbon emissions, Argo claims it’s trying … Read more
Intel on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ship later this year and the first customers include Block, the Jack Dorsey-led firm that recently changed its name from Square to highlight its growing focus … Read more
Intel on Friday launched a new chip for blockchain applications such as Bitcoin mining and minting NFTs to cash in on the rising usage of cryptocurrencies. The chip will ship later this year and the first customers include Block, the Jack Dorsey-led firm that recently changed its name from Square to highlight its growing focus … Read more
LONDON: Kazakhstan may no longer be the bitcoin sanctuary it once was, according to some big miners who are looking to leave the global crypto hub following internet shutdowns last week that compounded fears about tightening regulation. The government web shutdowns during an explosion of unrest in the country, the world’s second-largest centre for mining, … Read more
China will crack down on bitcoin mining and trading activities in its bid to fend off financial risks, the Financial Stability and Development Committee said on Friday. The country will fiercely crackdown on illegal activities in the securities market, and maintain the stability of stock, bond and forex markets, the committee said in a meeting … Read more
By William Mathis and Lars Paulsson A trio of Jack Dorsey, Cathie Wood and Elon Musk are promoting the idea that Bitcoin mining can be good for the planet actually. That’s not exactly true. The basis of the idea is that mining crypto currencies uses a lot of power and can be deployed at any … Read more