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Category: crypto mining

Ukraine shuts down largest illegal crypto mining farm

After the Chernihiv Oblast, Ukraine has closed another illegal cryptocurrency mining farm in the city of Vinnytsia near Kyiv. The underground mining facility is said to be the largest in the country wherein 5000 computers, 50 processors, 500 graphic cards and 3800 PS 4 consoles were being used. The Ukrainian Security Service estimates that as much

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Iran’s illegal Crypto Mining Problem Intensifies, Country Sees Widespread Protest

Iran’s power outage protests have gone rogue amid a severe heatwave in the nation. The capital, Tehran, and several other cities in the north of Iran face disrupted routine and shortage of necessities during the historic power cut throughout the nation. Pressurized authorities have blamed illegal Cryptocurrency mining farms, for using the remaining energy to

The post Iran’s illegal Crypto Mining Problem Intensifies, Country Sees Widespread Protest appeared first on Coingape.

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BTC Hashrate Drops to Lowest in 2021, North America All Set to Become New Crypto Mining Hub

China’s crackdown on crypto does not seem to end as in a fresh report today Sichuan province of China issued an official statement ordering all the power generation companies in province to stop power supply to all crypto miners effective from 25th June 2020. Meanwhile, North American states are planning to grab this opportunity by

The post BTC Hashrate Drops to Lowest in 2021, North America All Set to Become New Crypto Mining Hub appeared first on Coingape.

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Nvidia CEO Huang: “Ethereum Is Going To Be Quite Valuable”

If you weren’t sure the stance for Nvidia CEO Jensen Huang when it comes to Ethereum’s upcoming shift to proof-of-stake, no need to question it further. Huang is clearly optimistic about Ethereum’s future. In an online-only Computex event, he fielded a variety of questions ranging anywhere from his thoughts on the metaverse to global semiconductor […]
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GPU chips in India Selling at 2X, Are Crypto Miners to blame?

The Indian gaming market is suffering from a GPU shortage as newly launched Nvidia GPUs are selling at 2X the original price. For example, Nvidia 3070 GPU is priced at INR 45K but the partner cards are being sold at INR 90k and more. The shortage is being attributed to silicon scarcity and hoarding by

The post GPU chips in India Selling at 2X, Are Crypto Miners to blame? appeared first on Coingape.

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Carbon-Neutral Crypto Mining Picks Up Heat As The9 Acquires Montcrypto

The crypto mining industry is all set for a major change and industry players have already started moving towards carbon-neutral crypto mining options. Nasdaq-listed crypto mining company The9 Limited recently acquired Montcrypto to build a 20MW electricity supply for carbon-neutral crypto mining activity in Canada’s Calgary. Montcrypto’s carbon-neutral infrastructure will facilitate a green electricity supply

The post Carbon-Neutral Crypto Mining Picks Up Heat As The9 Acquires Montcrypto appeared first on Coingape.

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Iran Bans Crypto Mining Until September Amid Blackouts

Iran has put a temporary ban on crypto mining in the country owing to a slew of blackouts in the region that has hampered many business operations. The temporary ban will start from May 26 and continue until September 22. The Iranian president made it clear that the ban is primarily due to illegal mining

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Study: Iran Leverages Crypto Mining As a Tool To Reduce The Effect of Sanctions

Decentralized cryptocurrencies have often come to the rescue of the nations facing strong sanctions by higher economic powers and Iran is one of them. As per a recent study, Iran is currently leveraging the power of crypto mining to lessen the impact of sanctions that it faces from America. As per Reuters, Iran alone contributed

The post Study: Iran Leverages Crypto Mining As a Tool To Reduce The Effect of Sanctions appeared first on Coingape.

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