Digital Money Times

#1 Source For Bitcoin And Altcoin News

You are here: Home / Archives for Miner

Canadian Cryptocurrency Miner to Install 85-Megawatt Power Substation

By Leave a Comment

Canadian Cryptocurrency Miner to Install 85-Megawatt Power Substation

DMG Blockchain Solutions Inc., a diversified blockchain company, is in the process of installing an 85-megawatt transformer and electric substation for the company’s cryptocurrency mining facility, according to a company statement. The new substation is  commissioned to be operational by September 2018, with 60 megawatts available for energizing mining rigs.

The Canadian company offers a range of services including Mining as a Service (MaaS),where it manages bitcoin mining on behalf of third parties at scale. The installation of the new substation is expected to “increase DMG’s hosting capability by more than 20 times.”  Read more...

This is a preview of Canadian Cryptocurrency Miner to Install 85-Megawatt Power Substation. Click Here To Read the full post

Mining Round-Up: AMD GPU Sales Decline, Hut 8 Claims to be Largest Miner in Canada

By Leave a Comment

Mining Round-Up: AMD Reports Declining GPU Sales, Hut 8 Claims to be Largest Mining Company in Canada

In recent mining news, AMD has reported declining sales of mining hardware during the second quarter of 2018, Hut 8 has claimed to now comprise the largest bitcoin mining company in Canada by operating power following the construction of its second facility, and Chinese authorities have shut down what they have described as “illegal” mining operations taking place in the autonomous Xinjiang Uyghur region in the country’s north-west.

Also Read: Binance Prepares to Enter the South Korean Market

AMD Reports Declining GPU Sales During Q2

Mining Round-Up: AMD Reports Declining GPU Sales, Hut 8 Claims to be Largest Mining Company in CanadaMajor manufacturer of graphics cards (GPUs), Advanced Micro Devices (ADM), has become the latest mining chip maker to report declining sales during Q2, 2018.  Read more...

This is a preview of Mining Round-Up: AMD GPU Sales Decline, Hut 8 Claims to be Largest Miner in Canada. Click Here To Read the full post

Vietnam Central Bank Supports Call for a Ban on Cryptocurrency Miner Imports

By Leave a Comment

Vietnam Central Bank Supports Call for a Ban on Cryptocurrency Miner Imports

The State Bank of Vietnam (SBV); the country’s central bank, has adopted the Finance Minister’s call for a prohibition on the importation of cryptocurrency mining rigs.

SBV Sides with MoF and MoIT

In June 2018, Vietnam’s Ministry of Finance (MoF) called for a ban on the importation of cryptocurrency mining rigs. The call came after Prime Minister Nguyen Xuan Phuc mandated state officials to develop stricter regulations for the market.

The MoF determined that cryptocurrency mining hardware, though not on the list of contraband materials, provided a means for people in the country to use virtual currencies as a secondary payment method. Considering that cryptocurrencies are illegal in Vietnam, the MoF sounded the call for a ban on crypto miner imports.  Read more...

This is a preview of Vietnam Central Bank Supports Call for a Ban on Cryptocurrency Miner Imports. Click Here To Read the full post

Bitcoin Miner Scam from Kodak Licensee Shut Down by SEC

By Leave a Comment

A Bitcoin miner project operating under the Kodak brand has collapsed. The company behind the scheme has said that it has been stopped from proceeding any further by the SEC. 

Unrealistic Promises and Incorrect Math

In January, a Bitcoin mining computer called the Kodak KashMiner was unveiled at the CES technology show held in Las Vegas. Even though it was displayed at the official Kodak stand, the computer was actually a product from a company called Spotlite USA — one of several entities that operate under license to sell products under the Kodak’s brand.  Read more...

This is a preview of Bitcoin Miner Scam from Kodak Licensee Shut Down by SEC. Click Here To Read the full post

The Daily: Google Founder Is a Crypto Miner, Elon Musk Impressed by Scambots

By Leave a Comment

The Daily: Google Founder Is a Crypto Miner, Elon Musk Impressed by Scambots

In today’s edition of Bitcoin in Brief we cover why Google founder Sergey Brin has become a crypto miner, and why Elon Musk is impressed by crypto scambots on Twitter. Additionally covered are a new response from Fcoin regarding recent allegations and a $ 100 million venture capital fund for blockchain startups in Israel.

Also Read: Opera Browser Introduces a Built-in Cryptocurrency Wallet  Read more...

This is a preview of The Daily: Google Founder Is a Crypto Miner, Elon Musk Impressed by Scambots. Click Here To Read the full post

Is the Comino N1 Miner the Apple of Miners? (Review)

By Leave a Comment

I have been reading a lot about Comino’s GPU miner and finally got the chance to review it. As soon as I learned that it was the supposed “ultimate home mining solution,” I decided to leave the white gloves in the office and bring her home. 

At first, I was a little bit scared of the size of the device, but considering that the 8 GPUs are liquid cooled and 2 PSUs are air cooled, it’s understandable why the device would be so big. That said, it’s still 4-5 times smaller than a comparable air-cooled rig.  Read more...

This is a preview of Is the Comino N1 Miner the Apple of Miners? (Review). Click Here To Read the full post

Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner

By Leave a Comment

Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner

Japanese internet giant GMO has launched a new, upgraded model of its bitcoin miner equipped with 7nm ASIC mining chips. The previous model was sold out. The new model can achieve a higher hash rate and has a “hash power optimization function.” It is for sale at the same price as the previous model.

Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space

GMO miner B3 Launched

GMO Internet Group announced Monday the launch of its new model of 7nm bitcoin mining rig, GMO miner B3. As with its predecessor, GMO miner B2, the new model uses “the mining ASIC of the 7nm process GMO72b” which supports “cryptocurrency mining of SHA256 and can execute mining of bitcoin and bitcoin cash.”  Read more...

This is a preview of Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner. Click Here To Read the full post

Bitcoin Miner Aspires to Launch Largest Crypto Mining Facility in the U.S.

By Leave a Comment

Bitcoin Miner Aspires to Launch Biggest Mining Facility in the U.S.

Coinmint, a cloud mining service provider, has confirmed it will go ahead with its proposed plan to open a cryptocurrency mining plant in an abandoned smelter previously used by Alcoa, in Massena, New York.

In a statement published online, the company said it will repurpose the 1,300-acre, 435-megawatt site into the biggest cryptocurrency mining plant in the world. The move, which was approved in February, will see the mining service invest up to $ 700 million and the creation of 150 jobs in the coming months.  Read more...

This is a preview of Bitcoin Miner Aspires to Launch Largest Crypto Mining Facility in the U.S.. Click Here To Read the full post

Japan: GMO Group Unveils ‘World First’ 7nm Miner As CEO Vows To ‘Top’ Bitmain

By Leave a Comment

Japanese internet giant GMO has announced pre-orders for its B2 Bitcoin miner — the world’s first miner equipped with 7nm processing technology.

‘I Respect Bitmain, But We Will Top Them’

Unveiling the finished product at a conference, GMO’s CEO, Masatoshi Kumagai, promised to “top” competitors with the product — which aims to deliver more power in return for a higher purchase price.

The move sees GMO vie with market stalwarts Bitmain and Halong Mining Corporation to woo the ever-increasing Bitcoin mining community.  Read more...

This is a preview of Japan: GMO Group Unveils ‘World First’ 7nm Miner As CEO Vows To ‘Top’ Bitmain. Click Here To Read the full post

Mining Round-Up: Venezuelan Authorities Raid Miners, Taiwanese Miner Shot for Debt to Investors

By Leave a Comment

Mining Round-Up: Venezuelan Authorities Raid Miners, Taiwanese Miner Shot for Debt to Investors

In recent mining news, Venezuelan authorities are cracking down on mining operations – with one Venezuelan telling reporters that he was forced to leave his home country after becoming the victim of extortion. In other news, a Taiwanese miner was shot by gangsters after failing to deliver on returns on the gang’s investment into his mining operation, and a state-owned wind farm in Estonia has begun mining cryptocurrency.

Also Read: This Week in Bitcoin: Digital Money Makes the World Go Round  Read more...

This is a preview of Mining Round-Up: Venezuelan Authorities Raid Miners, Taiwanese Miner Shot for Debt to Investors. Click Here To Read the full post

Crypto News

Featured

Press Releases

ADVERTISEMENT

Loading data ...
Comparison
View chart compare
View table compare