Although he already predicted in 2018 that Bitcoin would hit the US$250,000 threshold in less than four years, venture capitalist Tim Draper is back with another similar prediction. This time, he claims that the quarter million barrier will be left behind by mid-2023 while many altcoins will fade away.
With the recently completed Ethereum PoS merge, the coin would effectively become unmineable via GPUs some time in 2023. However, an immediate GPU dump is unlikely, as new PoW alternatives including Ethereum Classic or the newly-created EthereumPOW hard fork still see considerable support from certain large GPU mining players.
The Agilex M-Series FPGA is the only solution to offer support for HBM2e, DDR5 and Optane memory, with a up to 32 GB DRAM capacity and 820 GBps maximum bandwidth. Intel claims it also offers 60% improved performance over the previous gen and twice the fabric performance over Xilinx's solutions.
After a sharp drop that took it down to US$34,338.56, Bitcoin is now back above US$35,000. This dive of the world's most popular cryptocurrency comes as a direct consequence of Russia's military actions in Ukraine and, unfortunately, is also accompanied by a noticeable decline of the global stock market.
Attempting to mine Ethereum with the Nvidia GeForce RTX 3050 will be a futile endeavour. The graphics card can hit a peak hash rate of 13.66MH/s due to its in-built hash-rate limiter. This should make it unattractive to miners, allowing more gamers to pick one up on its January 27 launch.
AMD has confirmed that the rise in cryptocurrency mining is one of the reasons behind the current shortage of its graphics cards on the market. Coupled with the general increase in overall demand, there has also been a shortage in memory supplies, which have also failed to match demand.
GALAX has confirmed NVIDIA's plans to re-release the GeForce RTX 30 series with revised ETH mining limits. All cards bar the GeForce RTX 3090 have received new GPUs with a '2' suffix, replacing the '0' suffix from the original Ampere GPUs.
A minority group who were unhappy with the block size limitations of Bitcoin and the proposed changes to increase transaction speed have performed a hard fork of the cryptocurrency, creating Bitcoin Cash. The new currency has a faster transaction speed and in theory should offer higher profitability for miners.
Bitcoin, the world's most popular cryptocurrency, has been on a rise of epic proportions, with it's journey climaxing a few hours ago at an all-time high trade value of just under $4500.
Mining Chia on consumer-grade, low-capacity SSDs could prove to be fatal for your drive, says a new report. A 512 GB SSD reportedly lasts only forty days before it exceeds its TBW (terabytes written) rating, while a 1 TB SSD lasts for 80 days.
The cryptocurrency Ripple (XRP) has been performing well lately and may hit a price of US$1.00 in the near future. Like many virtual currencies, it has dropped in value over the last few weeks, reaching a low of US$0.48 as recently as the second week of April. But now the Ripple network's native cryptocurrency seems to be bouncing back.
The cryptocurrency king went almost US$1,000 up in value immediately after the release of CBOE's future contracts. While the involvement of investors and traders could reduce the price volatility, the decentralized nature of the coin might become just a myth.
A department of the Quebec government has stated that Bitcoin is not a “magnet” for illicit transactions and that the widely believed perception of the cryptocurrency being mainly connected to criminal activity is erroneous. In other reports, Russian police busted an illegal Bitcoin mining facility, a woman has been arrested for arranging a Bitcoin-funded hit, and the alleged mastermind behind Iceland’s “Big Bitcoin Heist” has escaped from prison.
A crypto mining farm has seen an untimely end thanks to a fire in a town in northern Thailand. A report claims that “72 servers” were destroyed, although images issued by local emergency services make it difficult to work out whether the burned-out bitcoin farm was utilizing much-wanted GPUs or ASIC miners.
Bitmain has launched a new ASIC tailor-made for Ethereum. It can hit peak hash rates of 3GH/s, roughly equivalent to 32 GeForce RTX 3080 graphics cards. It consumes 2,665W of power and will be available for purchase later for an unspecified price.
The Chinese government has started targeting cryptocurrency mining operations in the Sichuan province. Local electricity companies have been instructed to cut power to large-scale mining firms. As a result, some companies have relocated to the United States, while others could set up shop in neighbouring Kazakhstan.
A cryptocurrency miner has confirmed that Nvidia's hash rate limiter works as intended on the GeForce RTX 3080 Ti. Hash rates for Altcoins such as Ethereum Classic, Ergo, and RavenCoin appear to be significantly lower, too.
In an effort to improve and expand services for its clients, AT&T is now offering the possibility of using Bitcoin to pay for monthly bills. AT&T is collaborating with BitPay, as many of its clients are already suing this payment processor. The Bitcoin payments do not apply to handset purchases and are only available online, not in storefronts.
Bitcoin had a wild ride this week. After dipping over 6% on Wednesday, the cryptocurrency rallied about 30% to finish the week 18% higher. Bitcoin is up over 50% since last October. The most likely causes of the swings this week involved Google's quantum computing success and Facebook's failures with Libra.
Venezuela’s Petro cryptocurrency has been called “illegal” and “unconstitutional” by the country’s National Assembly. Bitcoin has suffered another fall in its current exchange value, with the virtual currency's latest closing price standing at US$9434. In Japan, the Financial Services Agency has been throwing its weight around and has issued business suspension orders to two cryptocurrency exchanges.
After the totalitarian country has already banned crypto mining a few months ago, the new regulations also prohibit all financial transactions that involve cryptocurrencies like the popular Bitcoin and Ethereum.
A Bahrain-based retailer just showed off a massive shipment of AMD RDNA2 graphics cards, including the Radeon RX 6900 XT, RX 6800 XT and RX 6700 XT. The firm exclusively deals with cryptocurrency miners, so most of those cards will likely end up in mining rigs.