Op-Ed | Cryptocurrencies like Bitcoin Consume Significantly Less Resources than Fiat Money

Earlier this week, I wrote on social media that it costs significantly less energy to produce cryptocurrencies like bitcoin and Ethereum. The responses were, “that’s not true, once fiat money is created, no additional energy is required.” Bitcoin and cryptocurrency have an energy problem? People at the FED don't sit around painting Benjamin Franklin all

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Declining GPU Sales to Cryptocurrency Miners ‘Healthy’: AMD CEO

GPU manufacturers Nvidia and AMD each enjoyed massive sales over the past year, partially thanks to miners who buy GPUs to mine cryptocurrencies. However, those sales are now declining. The demand for GPUs kept increasing as the value of cryptocurrencies went up throughout 2017. But after the market cap reached an all-time high of $830

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Secret ASICs, Hidden Farms, and Manufacturers Playing Dirty: the New State of Cryptocurrecy Mining

Proof of Work cryptocurrencies like bitcoin are facing struggles with the wave of ASIC mining hardware. Nakamoto envisioned a decentralized cryptocurrency mining consensus spread across a large pool. But of late it’s turned into a environment where two or three major players reap a large portion of mining profits. As a result, developers and communities are

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Nvidia Made $289 Million from Cryptocurrency Mining in Q1

Nvidia, the world’s largest GPU Manufacturer, posted their earnings call for the first quarter and reported revenue of $3.21 Billion, which was more than the estimates of $2.89 Billion.  According to the report, the company made $289 Million — 9% of their total revenue — from sales to cryptocurrency miners. Nvidia expected to make $200

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UNICEF Wants to Use Your CPU to Mine Monero to Raise Funds for Children

UNICEF Australia, an organization that is dedicated to humanitarian aid for disadvantaged children, is shining the spotlight on a good cause while simultaneously seizing an opportunity for an added revenue stream through cryptocurrency mining. The agency has launched The HopePage, which is designed to use the CPUs of local website visitors to perform cryptocurrency mining,

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Cryptocurrency Mining CPUs in South Korea are Rising in Popularity

In South Korea, investors have started to purchase CPUs equipped with high performance gaming graphic cards like the Nvidia GTX 1080 ti to mine smaller cryptocurrency listed on local exchanges, like Zcash and Ethereum Classic. CPU Mining Computer manufacturers in the local market such as Jooyeon Technology have also begun to release CPUs equipped with

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Cryptojacking Campaign Uses Five-Year-Old Vulnerability to Rake in Monero

A nearly five-year-old vulnerability is reportedly being used to infect Linux servers with a crypto mining malware that’s allowing hackers to use them to mine privacy-centric cryptocurrency Monero (XMR), according to US-based cybersecurity firm Trend Micro. Per the firm’s report, hackers are taking advantage of a vulnerability found in the Network Weathermap plugin for Cacti.

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