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A large blaze has erupted at a mine near the city of Solikamsk in Russia’s Urals, with giant plumes of smoke filmed rising from the facility. At least nine people have been trapped underground as fire continues to rage. Footage from the scene shows thick plumes of grey smoke erupting from the mine shaft. Eight […]
AMD has received up to 20% of its total revenues from selling graphics cards used for Ethereum mining. Bitmain will put pressure on AMD, as the Chinese-based chipmaker is said to have developed its own ASIC, a graphics chip used for mining Ethereum, a Susquehanna analyst says. The analyst downgraded AMD’s shares and lowered its […]
Bitcoin mining is a weird industry. Vast banks of dedicated computers solve complex equations to generate hashes worth a fraction of a coin, consuming huge amounts of power in the process. For such operations to be economically feasible nowadays, miners need the cheapest electricity possible. Energy is cheap in certain regions of Asia but many […]
Enlarge (credit: Diego Betto) YouTube was recently caught displaying ads that covertly leach off visitors’ CPUs and electricity to generate digital currency on behalf of anonymous attackers, it was widely reported. Word of the abusive ads started no later than Tuesday, as people took to social media sites to complain their antivirus programs were detecting […]
The mounting pressure by Chinese authorities on the country’s cryptocurrency industry is forcing mining companies to look for alternatives, and Canada is one of the preferred hot spots. Read more Bitmain Technologies, the operator of some of the largest mining farms in China, is among several companies looking to expand overseas. The company’s spokesman, Nishant […]
Unless you’re a hardcore PC gaming enthusiast, chances are your everyday conversation doesn’t involve graphics memory chips, such as the upcoming GDDR6. But the folks at Micron are gearing up to transition from the older generation of GDDR5 graphics memory, which is currently in production, to GDDR6, which is coming in the first half of […]
REUTERS/Tarmizy Harva The SPDR Metals and Mining ETF is on the verge of a very powerful breakout. Earnings from a number of miners are due out in the next few weeks and could be the catalyst. The SPDR S&P Metals and Mining ETF (XME) could be on the verge of a surprising, very powerful […]
(credit: Internet Archive) Homero Josh Garza, who founded two cryptocurrency startups, GAW Miners and ZenMiner, has been ordered to pay a final civil judgment of $ 9.1 million, plus $ 700,000 in interest. The judgement, which was formally approved by a federal judge in Connecticut on Tuesday, comes months after Garza pled guilty to a […]
A businessman from Russia’s mining capital in Siberia says he regrets not mining cryptocurrency earlier, as it saved him from a “terrible crisis.” Fans of cryptocurrency mining say it gives them a sense of “freedom,” as well as bringing profits. “I began in April and now, before the [Bitcoin] fall, I had $ 3,000 on […]
The Amazonian tribe have remained uncontacted before they were met by the Brazilian gold miners. It has been reported that ten of the members were killed when the miners came across them whilst collecting eggs. The men then entered a local bar near the border in Columbia, bragging about the killing. Leila Silvia Burger Sotto-Maior, […]
