mining

Finance
Gaming
Technology

Nvidia Share Price Up Despite Crypto Slump

Nvidia, global gaming computer chip maker, reported revenue down 24% from last year, which was its first decline over the past five years. This news was expected given the shape of the crypto markets over the past year. Despite this, the stock price was up 6% in extended trading on the 14th Feb 2019. In […]

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Business
Development
Finance
Technology
Trading

Fidelity Launching Crypto Custody Service Potentially in March 2019

Fidelity Investments Inc, the Boston based multinational financial services corporation, is looking to launch its crypto custody service in March 2019. Known as Fidelity Digital, the custody service will initially looking to store Bitcoin (BTC) for institutions, mainly hedgefunds according to Bloomberg. In a statement, a spokesman at Fidelity said; We are currently serving a […]

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Business
Public Sector
Technology

IBM and Ford Pilot Blockchain for Cobalt Supply Chain

A press release from IBM has revealed a blockchain pilot scheme between IBM, Ford Motors, Huayou Cobalt, LG Chem and RCS Global . The pilot aims to investigate how blockchain can be used to “trace and validate ethically sourced materials”. The joint pilot covers vendors across the supply chain from mine to end-user. The blockchain […]

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Business
Finance
Technology

Mongolia the Mining Hub

Mongolia’s cheap electricity supply and its cold weather are the two key conditions that is keeping Bitcoin (BTC) mining profitable in the region. Energy prices in Mongolia are approximately one third of Japanese rates and are lower than in China. The Nikkei Asian Review has reported that, since the crypto crash in 2018, companies are entering […]

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Business
Employment
Public Sector
Technology

Bitmain Owners Jihan Wu and Ketuan Zhan Step Down

South China Morning Post have published that Bitmain’s two founders Jihan Wu and Ketuan Zhan will be stepping down. The sources are said to be “people with knowledge of the matter”, likely via an internal leak. Bitmain Technology is the world’s largest cryptomining hardware vendor. They build rigs for large mining operations, accounting for 75% […]

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Business
Technology

Having Trouble Selling Your Mining Equipment? In China, it is Done by the Kilo..

With the price of Bitcoin (BTC) hovering just above the $4k mark, is comes to no surprise, that mining is no longer an attractive investment. The maintenance and energy costs of mining is leading to a sell off in equipment, with it now being sold of by the kilogram in China. Finance Magnets have reported […]

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Business
Finance

Fundstrat Global Advisors Target Price for Bitcoin Still at $15k

The cryptomarkets continued its decline today with bitcoin (BTC), approaching the $5k barrier. The sell off, sparked by the Bitcoin Cash (BCH) hard fork last week, has punished investors. Managing partner, Thomas Lee at Fundstrat Global Advisors however, still targets bitcoin (BTC) at $15k for 2018 year end. At an interview with Bloomberg, the target […]

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Business
Technology

Bitcoin Mining No Longer Profitable For Retail Electricity Consumers

An analysis by diar has shown that September was the first time Bitcoin mining paying retail electricity prices was no longer profitable. Generally, only large scale mining operations can now profit from mining Bitcoin, as they wield the bargaining power to broker cheaper electricity supplies. While the diar report was based on average retail prices […]

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Development
Technology

Braiins: Open Source Mining Firmware released

This week Braiins OS released its open source Linux-based firmware for cryptocurrency mining devices. Based on OpenWRT, it aims to be a transparent and customisable OS, driven by frequent development and updates. Currently it supports Antminer S9 and DragonMint T1 devices, with planned support for more devices.

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