Tag: gpu

May 20 2022

How Pizza Day Relates To Bitcoin Mining

Laszlo Hanyecz’s significant contributions to Bitcoin far outweigh the possible regret he may have for spending 10,000 bitcoin on two pizzas.Memes aside, what is the significance of Bitcoin Pizza Day? When Bitcoiners buy pizza on May 22 every year, what exactly are they celebrating?We all know the story, and we’ve all probably wondered, “Does Laszlo Hanyecz regret buying two pizzas for...

May 07 2022

Nvidia Fined $5.5 Million For Covering Up How Crypto Miners Boosted Its Profits

The U.S. Securities and Exchange Commission has now penalized graphics card manufacturer Nvidia $5.5 million for failing to disclose to investors how much of its 2017-2018 revenue comes from cryptocurrency miners. Friday, the SEC confirmed the charges and settlement with the company. In its ruling, the agency asserts that Nvidia misled investors by declaring a massive increase in gaming-related income while concealing the...

Jun 17 2021

Canaan Sells 10,000 Bitcoin Miners To Genesis Digital Assets

Jun 17 2021 Published at Bitcoinist.com under tags  asic miner bitcoin btc canaan eth

Bitcoin mining firm Genesis Digital Assets has purchased an additional 10,000 Bitcoin miners from the ASIC machine manufacturer Canaan. By the end of the month, Canaan plans to complete the order of 10,000 A1246 and A1166 Pro Avalonminers. The move isn't the first time the two companies have dealt with each other. Earlier this year, Genesis Digital Assets bought $93.6 million worth of...

Jun 10 2021

Satoshi Wasn’t The Only Mining Whale, 2010 Data Reveals

Jun 10 2021 Published at Bitcoinist.com under tags  bitcoin btc cpu cpu hashrate cpu mining

Since 2021 began, there have been a slew of suspicious whale moves by miners that mined bitcoins in the early days. A miner in particular has spent 11,000 bitcoin since last year, and 1,000 bitcoin from 2010 was moved last week. Despite the fact that Satoshi Nakamoto is thought to have mined over a million bitcoins, many other network participants also mined millions...

May 19 2021

Nvidia to Lower Crypto Mining Hashrates on GPUs to Address Current Mining Frenzy

In an effort to address the ongoing silicon supply shortage and bloated GPU prices, hardware manufacturer Nvidia is set to reduce the hashrates on its latest GeForce graphics cards to disincentivize miners. In an announcement yesterday, the California-based company said that its latest graphics cards, which are set to begin shipping in late May, will feature far lower hash rates....

Dec 21 2020

Beyond Supply And Demand: Charting The Bitcoin Mining Industry’s Journey

Dec 21 2020 Published at Bitcoin Magazine under tags  asics canaan gpu mining

Last week, bitcoin finally surpassed its all-time price high, exceeding $23,000 for the first time, seeing year-to-date gains of over 180 percent. This was largely attributed to growing institutional interest, with established names such as Square, Galaxy Digital and...

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