Latest news about: Mining

Iceland mining companies will consume more energy than households in 2018

Iceland mining companies will consume more energy than households in 2018

According to the Associated Press the energy consumption of the mining companies in Iceland this year will exceed the power consumption of all households in the country. The cold climate and access to renewable energy – these are the main reasons for the sharp growth in the number of mining companies in Iceland. Icelandic businessman… More

CEO of Nvidia: cryptocurrency is here to stay

CEO of Nvidia: cryptocurrency is here to stay

Jen-Hsung Huang, CEO of graphics card manufacturer Nvidia, which yesterday published its results for the fourth quarter of 2017, believes that: Cryptocurrency is here to stay, they just disappear. On Thursday, the company said that demand from miners for the company’s products exceeded their expectations, but in General, this market segment remains small. In a… More

Supercomputer in the Russian nuclear center was used for mining

Supercomputer in the Russian nuclear center was used for mining

Many Internet users have completely dedicated their lives to the mining of cryptocurrencies. It is known that the more computing power the device has, the more units of any currency you can earn per time unit. As for Bitcoin mining, this process has long been not an easy. Every day users with the latest, incredibly… More

Nvidia: demand from miners in the 4th quarter exceeded expectations

Nvidia: demand from miners in the 4th quarter exceeded expectations

Financial officer of NVIDIA said that the demand for video cards from miners in the 4th quarter exceeded expectations. The announcement was made at the time of publication of the company’s statement of income for the fourth quarter of 2017. Colette Kress reported that during this period the company’s revenue amounted to 2.91 billion dollars,… More

Android devices at risk: mining discovered a new virus

Android devices at risk: mining discovered a new virus

Researchers from the Chinese company in the field of cyber security 360Netlab discovered a new malware for mining cryptocurrency based on Android. This became known after the publication in the company blog. As reported 360Netlab, the worm ADB.Miner can work on any Android device, including smartphones, tablets and set-top boxes. After getting on the device,… More

AMD will increase the production of graphics cards for crypto currency miners

AMD will increase the production of graphics cards for crypto currency miners

In connection with the increase in market demand for graphics cards, AMD plans to increase their production. Newly released GPUs RX Vega literally disappeared from the shelves due to the rapid growth of the popularity of mining crypto currency among investors and enthusiasts. Revenue from sales of graphics cards has reached nearly $1 billion in… More

Samsung will begin producing the ASIC.

Samsung will begin producing the ASIC.

The South Korean electronics giant Samsung will begin to produce ASIC for mining of cryptocurrencies in partnership with the Taiwanese company. According to local news publication The Bell, a partnership with TSMC of Taiwan Taiwan is already bearing its first fruit in the form start of mass production equipment. Samsung also decided to join the… More

12-nm chips for mining from the Japanese giant GMO is already a reality

12-nm chips for mining from the Japanese giant GMO is already a reality

Japanese industrial giant GMO Internet, even in the fall announced its plans to engage in mining. And for this purpose the company decided not to use ready-made ASIC, and to develop their own, greatly superior to all currently existing products on the market. Recently it became known that the company, together with its technological partner,… More

Hackers mainile cryptocurrency using commercials on YouTube

Hackers mainile cryptocurrency using commercials on YouTube

Although the cost of most of cryptocurrencies in recent years significantly decreased, mining continued to enjoy great popularity. One of the most popular solutions is the script Coinhive, which is often used on sites for mining cryptocurrency using the computer resources of visitors. Recently, attackers have invented a way to embed this script in commercials… More

Canada will not be able to meet the needs of all miners in electricity

Canada will not be able to meet the needs of all miners in electricity

Canadian Hydro Quebec will have to refuse the miners who want to return to this canadian province. According to Reuters, the electricity supplier literally overwhelmed with requests for miners that want to establish operations in energy-rich province of Quebec. Many mining companies, including giants such as Chinese Bitmain, starmada to start mining activities in countries… More