Category: Cryptocurrency Mining
AMD, along with other chip manufacturers, has struggled to keep up with the high demand for GPUs due to crypto mining.
The post AMD Not Prioritize Mining Cards Over Gaming GPUs, Says CFO appeared first on BeInCrypto.
The Ponderay Newsprint Mill in Usk, Washington has new ownership with big plans for cryptocurrency mining.
The post Ponderay Newsprint Mill Reopens as Crypto Mining Operation appeared first on BeInCrypto.
The worker allegedly used around 50 county-owned devices to mine cryptocurrency in a government office on Long Island.
The post New York I.T. Supervisor Arrested for Mining BTC at Work appeared first on BeInCrypto.
Bazaar Technologies, a Pakistani blockchain marketplace, successfully raised about $30M in Pakistani’s biggest Series A round. An announcement made by Bazaar states that August 24th will be the closing of its raise. It also reveals that Singapore’s Wavemaker Partners and Silicon Valley-based Defy Partners were the leaders of the funding round. Many other investors also participated in the funding round, including Japan’s Saison Capital, LinkedIn, Endeavor, and numerous present-day investors such as Alter Global and Indus Valley Capital. Related Reading | PayPal To Facilitate UK Customers With Cryptocurrency Trading Feature In Pakistan, Bazaar asserts that they are the leading Business-to-business marketplace group for small-scale merchants. They serve up to 750,000 merchants across 400 villages and towns. The majority of those that make use of Bazaar are small-scale ‘mom-and-pop grocery stores known locally as “Kiryana Stores.” They buy stock from suppliers through this platform. Bazaar’s round this period has grown its funding to $37.8 million. This figure grew from its $6.5M seed round of January 2021 after eight months of its launching and its pre-seed round of $1.3M in June 2020. The seed-round was co-led by the Global Founders Capital based in Berlin. The seed round was the firm’s first Pakistani investment. Also, VC Indus Valley Capital is another partner in the June seed round last year. Bazaar Seed Round Is The Largest In Pakistan Furthermore, the data shows that this latest seed round is the largest of its kind ever raised in Pakistan at a startup level. As a result of this raise, Bazaar right now has a total of $7.8 million. This makes it the largest funded startup in all of Pakistan. Furthermore, Bazaar also brought in top global and regional organizations as well as angel investors. For example, Wavemaker Partners based in Singapore, Early-stage VC S7V, Saudi’s Derayah Venture Capital, and Next Billion Ventures based in the United States participate in the seed round. Hamza Jawaid and Saad Janda founded Bazaar in 2019. Janga was formerly the product manager of Careem, a local Uber subdivision, whereas Jawaid worked in McKinsey, a management consulting company. In recent months, the Pakistani government has initiated strategic ways of building a better regulatory apparatus that will be permissive to the country’s crypto sector. Related Reading | 37% Of U.S. Investors Decline To Liquidate Cryptocurrency Assets in Bearish Situations The Pakistani Securities and Exchange Commission issued a consultation paper in November. The paper surveyed the advantages of cryptocurrency assets as well as tokenization. In addition, the paper also embraced the industry feedback regarding the development of local regulations. In March, Khyber Pakhtunkhwa, a Pakistani province, announced how it would manage two hydro-powered cryptocurrency mining farms for a government-supported mining pilot. Featured image from PixabayRead More
Just ahead of their second quarter earnings release, Nvidia’s CFO Colette Kress forecast $400 million in crypto chip sales.
The post Nvidia Expects $400M in Crypto Chip Sales, Ahead of Earnings appeared first on BeInCrypto.
Powerbridge Technologies entered into a new partnership with Cryptodigital Holdings for the acquisition of bitcoin and ethereum miners.
The post Powerbridge Partners With Cryptodigital Holdings in Mining Expansion Plans appeared first on BeInCrypto.
With its latest Series C investment round, crypto-finance venture Matrixport is now valued at over $1 billion.
The post Bitmain Spinoff Matrixport Achieves Unicorn Status After Series C Round appeared first on BeInCrypto.
According to local reports, a Polish police department found a crypto-mining racket inside its own police station.
The post Polish Police Discover Bitcoin-Mining Operation Inside own Department appeared first on BeInCrypto.
A recent underground mining farm bust in Ukraine was not being used for crypto, as was initially reported. Instead, it was extracting FIFA Ultimate Team cards.
The post Ukrainian PS4 Mining Farm Wasn’t Mining Crypto but FIFA Ultimate Team Cards appeared first on BeInCrypto.
With notice from the Wyoming Secretary of State’s office, the American CryptoFed became the first legally recognized decentralized autonomous organization (DAO) in the United States.
The post American CryptoFed Becomes First Legally Recognized DAO in US appeared first on BeInCrypto.
Since cryptocurrency mining has become a global phenomenon, more people realize the potential for relatively high returns.
The post GoMining, Mine Without Huge Investments and Earn BTC Daily appeared first on BeInCrypto.
Mining has become popular among investors, as prices of cryptocurrencies continue to fluctuate, more people are intrigued to invest. However, questions have arisen concerning the carbon footprint of cryptocurrency mining.
The post GoMining Offers Users Eco-Friendly Cryptocurrency Mining appeared first on BeInCrypto.
Police in Iran seized 7,000 computers involved in mining operations at an illegal cryptocurrency farm.
The post Iranian Police Seize 7,000 Mining Rigs In Latest Raid appeared first on BeInCrypto.
Cryptocurrency mining has become a global phenomenon, more people realize the potential for relatively high returns. However potential miners are faced with barriers to entry such as expensive equipment, high energy costs, and a long waiting period to realize a return on investment.
The post GoMining Makes Cryptocurrency Mining Experience Seamless appeared first on BeInCrypto.
Graphics card producer Nvidia is creating distinct lines of compromised graphics cards, each specifically for gaming or crypto mining.
The post Nvidia Creating Crypto Specific Graphics Card to Avoid Boom-and-Bust appeared first on BeInCrypto.
BeinCrypto spoke to WB, the co-founder of the HashMix team, about the increasing complexity of mining and how they are making NFTs of hash power.
The post Tokenizing Mining Hash Power With the Hashmix Team appeared first on BeInCrypto.
This week the Iranian government released a statement regarding the need for a legal framework for crypto activities within the country.
The post Iran Introduces Legal Framework for Crypto Despite Ongoing Mining Ban appeared first on BeInCrypto.
Manhattan Solar Partners, LLC has announced plans to construct the biggest renewable-powered cryptocurrency mining data center in the USA.
The post Biggest Renewable-Powered Crypto Mining Data Center Planned for Texas appeared first on BeInCrypto.
Ripple has added its voice to the ongoing cryptocurrency sustainability pool with the announcement that it aims to hit carbon net zero by 2030. And it has partnered with various sustainability leaders to achieve that aim.
The post Ripple Partners with Sustainability Leaders to Reach Goals by 2030 appeared first on BeInCrypto.
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