Cryptocurrency Mining is used to generate minable cryptocurrencies like Bitcoin, Ethereum, etc. Mining requires immense energy and manpower to solve complex algorithms. People who set up systems to perform mining activity are called miners. Miners are rewarded with some share of the cryptocurrency on successfully mining a block.
Related Links: Cryptocurrency Mining Calculator
Nvidia recorded a revenue of $3.21 Billion in Q1 2018. Out of these $3.21 Billion, $289 Million came from sales to those involved in cryptocurrency mining.
China’s second largest cryptocurrency mining hardware manufacturer Canaan Creative is all set to launch an IPO in Hong Kong. The company intends to raise $1 Bn.
Josh Cincinnati, Executive Director of the Zcash Foundation stated that improving ASIC resistance has become an immediate technical priority for the foundation!
UNICEF is making use of Coinhive, a cryptocurrency mining script which makes use of the processing power of the visitors PC to help mine for cryptocurrencies.
Diginex Limited announced the sale of 51% stake in its cryptocurrency mining and high-performance computing operations for $60 million to Madison Group Holdings
Cisco's new IoT Oriented Blockchain Patent finds use beyond the realms of IoT and can possibly be used to mine cryptocurrencies!
Australian innovation firm, The IOT Group, in collaboration with Hunter Energy plans to rekindle the Redbank control plant.
Following a public hearing - Ant Creek, a company involving Bitmain Co-founder Jihan Wu, has now been allowed to lease 10 acres of land - and eventually buy it to set up their mining operations.
Samsung has reportedly confirmed to be developing ASIC chips for Halong Mining. Bitmain's unchallenged run in the cryptocurrency mining markets finally comes to an end.
Canadian cryptocurrency mining firm HyperBlock acquired CryptoGlobal in a $106 Million CAD deal which is all set to complete by May 2018, following the deal, CryptoGlobal will operate as a part of HyperBlock.
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