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cryptomining

Nvidia : Lowered Mining demand leads to Class Action Lawsuit

Nvidia : Lowered Mining demand leads to Class Action Lawsuit
Members Public

One of the major chipset manufacturing company – Nvidia, faces class action lawsuit due to huge losses reported by the company. Essentially the plummeting crypto price has reduced the demand for GPU’s in turn affecting the company’s profit margin. The complaint filed by the Schall law

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crypto
Bitcoin might turn to be bottle neck for Climate Change

Bitcoin might turn to be bottle neck for Climate Change
Members Public

As much as crypto is benefitting the world with its power of decentralization, the method through which these are created – crypto mining, might add on to global warming.  Specifically, the rate at which Bitcoin usage continues to grow, this alone can produce enough carbon emissions to raise global temperatures

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Bitcoin
Bitmain to Start huge Blockchain Datacenter worth $500 Million

Bitmain to Start huge Blockchain Datacenter worth $500 Million
Members Public

The so-called Mining giant in Crypto industry Bitmain has recently made an announcement about its investment in building Blockchain Datacenter in Texas. As per reports, the investments costs around $500 Million USD for over 7 years time. This investment represents a key factor for the company as it would help

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bitmain
Vietnam's Central Bank Bans import on Crypto-Mining Machines

Vietnam's Central Bank Bans import on Crypto-Mining Machines
Members Public

With blockchain and cryptocurrency hype growing strong day-by-day still, there are few countries who think its usage as illegal. In this direction, the Central Bank of Vietnam has officially approved for ban request on the mining machine.  The State Bank of Vietnam made a public statement in last year that

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cryptomining
Ban Buying and Selling Crypto says US Congressman

Ban Buying and Selling Crypto says US Congressman
Members Public

Congressman Brad Sherman has often stroked controversy time and again. Also, earlier as well he called cryptocurrencies a huge scam. Currently, in a hearing in front of the House of Representatives financial services committee, he advocated that Americans should be kept out of the cryptocurrency markets. According to him, the

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cryptomining
Fall in cryptocurrency prices results in GPU's price reduction

Fall in cryptocurrency prices results in GPU's price reduction
Members Public

It is a well-known fact that the demand for GPU’s is increasing due to the number of people who are getting into cryptocurrency mining. However, in the last 6 to 8 months, there has been a significant fall in the prices of cryptocurrencies. As a result, the profits of

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cryptomining
'Toba', an electric bicycle which can be used for Crypto Mining

'Toba', an electric bicycle which can be used for Crypto Mining
Members Public

Passionate about bicycle riding? Then Toba, an electric bicycle from 50cycles company has a unique way of benefitting you with health and as well as reward money from Crypto mining. 50cycles, UK based company has revealed first of its kind, which can be used as crypto mining electric bikes. The

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cryptomining
Hydro Quebec to suspend Power requests form Mining Industry

Hydro Quebec to suspend Power requests form Mining Industry
Members Public

Hydro Quebec, Canada’s biggest electric supplier will temporarily halt orders from cryptocurrency miners.  This decision was taken with the intention to furnish electricity demands to the whole province. The power utility is currently now facing unprecedented requirement from block-chain businesses that surpasses Hydro Quebec’s short- and

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canada