China’s Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold Out

China's Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold OutA regional report from China indicates that bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed. Companies such as Canaan Creative have placed significantly sized mining rig orders while other companies like Bitmain are completely sold out. Bitcoin Mining Rig Manufacturers Experience a Device […]
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Hourly Bitcoin Miners Revenue Hits Record Peak

Miners Have Already Earned Over $700 Million In Bitcoin Revenue This Month

Mining is the backbone of the bitcoin industry as it is the means by which new coins are created and through which transactions across the blockchain network are validated. For all the work they do and the resources they invest, bitcoin miners are rewarded with BTC of varying amounts. Bitcoin miners recently got a very […]

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Bitcoin Miners Strain Under Semiconductor Supply Crunch, Second-Hand Mining Rig Prices Soar

Bitcoin Miners Strain Under Semiconductor Supply Crunch, Second-Hand Mining Rig Prices SoarBitcoin mining rig manufacturers are dealing with a semiconductor supply crunch according to regional reports stemming from China. There’s been a global semiconductor supply shortage and it’s affecting nearly every type of business in the supply chain that manufactures cars, PCs, laptops, smartphones, and cryptocurrency mining devices. Moreover, the recent shortage has invoked the demand […]
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Driving to the moon? HODLer installs portable mining rig in BMW

“I’m not in crypto to make a fast buck, but I’ll take the bonus,” said Simon Byrne.

Crypto enthusiast Simon Byrne has taken crypto mining out of the garage and onto the road after installing a small farm in the trunk of his car.

According to a report from Hardware Times, Byrne purchased a BMV i8 hybrid vehicle retailing for roughly $150,000 and equipped it with a small crypto mining rig consisting of six GeForce RTX 3080 graphics cards. The rig is powered by an ASUS B250 Mining Expert board and an EVGA SuperNOVA 1600 T2 power supply. It is reportedly capable of mining both Bitcoin (BTC) and Ether (ETH).

Photo taken by Simon Byrne

The Nevada-based HODLer — as his license plate states — reportedly built the entire setup himself “to annoy gamers” and earn money while on the go. While the graphics cards Byrne uses are marketed toward high-end PC gamers, some miners are able to use their enhanced specifications for crypto.

“I’m not in crypto to make a fast buck, but I’ll take the bonus,” said Byrne.

The car’s battery can reportedly handle powering the farm, but heat is still a concern — maybe Byrne plans on primarily driving and mining in the winter? Otherwise, he will likely need to keep his BMV’s rear hatch open for ventilation.

Cointelegraph reported in December that the same speedster spent more than $93,000 to install 78 graphics cards in his home to mine Ether when the price of the token was just over $700. At the time, estimates put Byrne’s setup as capable of generating roughly $122,000 in profit per year, despite a massive electric bill.

Since that time, the price of Ether has doubled after breaking a two-year high earlier today. Bitcoin rose 2% in the last 24 hours to reach $32,639 at the time of publication.

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Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today’s Banking System

Bitcoin Energy Consumption Is Far More Efficient and Greener Than Today's Banking SystemWhile bitcoin and a variety of digital currencies have swelled in value, a number of critics have spread fear, uncertainty, and doubt (FUD) in regard to the energy consumption proof-of-work (PoW) cryptocurrencies leverage to produce new units of currency. Just recently the software engineer Stephen Diehl expressed his dissatisfaction over the environmental cost of bitcoin. […]
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