Bitcoin and Ethereum’s pricing has seemingly gathered upward momentum, as the world’s most popular and valuable cryptocurrencies have seen substantial value increases over the weekend. As reported by CoinDesk, Bitcoin climbed 5%, opening Monday morning above the $22,000 mark for the first time since June’s bloodbath-inducing crash (to the tune of 34%). Ethereum, which is…
Bitmain launched (opens in new tab) its long-awaited Antminer E9 system today. The firm claims that one Antminer E9 system has the crypto-computing power to match 25 Nvidia GeForce RTX 3080 graphics cards. That is quite an achievement, which Bitmain measures in Ethereum mining performance terms. In brief, the Antminer E9 is capable of 2,400…
Cryptocurrencies aren’t faring well as we hit the second weekend in June. Ethereum has been hit particularly hard in recent hours. Not only has the broader cryptocurrency market seen a sell-off in the wake of the current US inflation report (opens in new tab), but Ethereum developers are also indicating that the merge will be…
Ethereum’s oft-delayed and long-in-development change in consensus mechanism, dubbed as “The Merge”, has been once again delayed from its expected June deployment. Ethereum developer Tim Beiko confirmed via Twitter that the network’s transition to Proof-of-Stake (PoS) is still in its finishing stages, and should be deployed a few months after the scheduled June date. The delay…
Cryptocurrency holders are currently bracing for precipitous drops on the value of their portfolios, as the cumulative market value of cryptocurrencies has just bled the equivalent of $250 billion in less than 24 hours. The market downturn is being attributed to the Evergrande turmoil, which sparked concerns for a potentially catastrophic debt default in China,…
Reports on Nvidia aiming to repurpose its A100 compute accelerator as a Crypto Mining Processor accelerator surfaced as early as March of this year. The intermediate radio silence has now been broken, with purported photographs and screenshots of a repurposed A100 surfacing as a rebranded CMP 170HX. There’s plenty to chew over, but as this…
Ethereum has skirted through what could possibly be a catastrophic event, after the main Ethereum blockchain was forced to split due to the severity of a known bug. The bug was found in the Geth software – which is deployed by around 75% of all user on the Ethereum network. Geth is mostly used as…
Ethereum miners are watching their Ether go up in smoke—just like the network intended. Bitcoin News reported that changes introduced by the London hard fork have resulted in more than $12,000 worth of ETH being destroyed every minute. The report cited a Dune Analytics dashboard called “Ethereum after 1559” that is tracking the amount of…
There’s a moment in Wreck It Ralph when Fix-It Felix, Jr. strikes the bars on his cell window in hope of escaping confinement only for his magic hammer to strengthen the bars instead. Sometimes it seems like Bitcoin and Ethereum have a similarly enchanted tool lying around, because despite all odds, their prices are rising…
Ethereum mining has not been as profitable for the past couple of months, though volatility could still change things. The drop in ETH prices not only affected miners’ profitability, but also spot prices of graphics memory, such as GDDR5 and GDDR6. Cheaper SGRAM on the spot market could potentially affect contract prices of graphics memory, though…