Chia price plunges 85%; miners dump HDDs and SSDs at a loss
The price of the Chia cryptocurrency has fallen by 85% over four months, prompting widespread sell-offs of HDDs and SSDs used to mine it.All about cryptocurrency mining, including Bitcoin and other digital currencies. News on mining in China, Russia, Ukraine, and globally. Learn what cryptocurrency mining is and how it works.
Chia price plunges 85%; miners dump HDDs and SSDs at a loss
The price of the Chia cryptocurrency has fallen by 85% over four months, prompting widespread sell-offs of HDDs and SSDs used to mine it.
Media report rising demand for mining equipment in Vietnam
Vietnamese sellers of cryptocurrency mining equipment reported a rebound in demand as the price of Bitcoin rose to $50,000, according to VnExpress.
Bitcoin miners’ revenue in August neared $1.4 billion
Bitcoin miners' total revenue for August reached $1.36 billion.
Enthusiast tests top Nvidia CMP mining GPU
The most powerful mining chip in Nvidia's CMP 170HX series has successfully passed testing in Ethereum, Raven and Conflux mining.
Two suspects detained in Irkutsk region over theft of ASIC miners
Authorities in the Priangarye region identified two suspects in the theft of Bitcoin-mining equipment.
Genesis Digital Assets to acquire 20,000 Bitcoin miners from Canaan
Canaan received from Genesis Digital Assets a firm purchase order for 20,000 Bitcoin mining devices, with Genesis also granted an option to purchase a further 180,000 miners.
Ethereum miners’ revenue rose 60% in August
Total Ethereum miners' revenue in August reached $1.65 billion, up 60% from July.
Arcane Crypto raises SEK 61.1 million to enter mining industry
The investment company Arcane Crypto raised SEK 61.1 million (~$7.1 million) from a group of qualified investors via a secondary share issue.
Alibaba partner to launch app for ‘Mining on the Go’
The Zhiji Auto electric-vehicle maker, backed by Alibaba, has developed an app that enables drivers to earn digital currency for the distance travelled.
Canadian firm to plant trees to offset carbon footprint of Bitcoin ETF
Accelerate Financial Technologies has pledged to plant 3,450 trees for every CAD 1 million ($790,000) invested in its carbon-negative Bitcoin ETF. This will reduce CO2 emissions by 1,000 tonnes, Bloomberg reports.We use cookies to improve the quality of our service.
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