Hot Topics

Advertisement

US-Based Elite Mining Warns Of Scammers Using Its Name To Fool Investors

Elite Mining Inc, being comprised of veterans in the crypto industry, has been made aware that there are those that try and use our name to perpetuate a scam on those unsuspecting. Unfortunately, in the growing crypto industry, there are those that would prey upon others in unscrupulous fashion, taking advantage of their hopes to create a better future for themselves through investment in blockchain technology and the new markets blockchain has created. As a company its, unfortunately, a common problem that there are people that claim they are part of our company (or even a company in general) to...

Read More
snapex banner

How AI Could Revolutionise The Crypto Mining Sector

Crypto mining has come a long way from when Bitcoin first appeared, and people could use a basic CPU to help keep the blockchain running. Nowadays if somebody wants to mine, they need to have tools designed specifically for the job (known as ASICs) or possibly multiple powerful GPUs depending on their coin of choice. What was once a way for anybody to make some extra cash has become a lucrative career and an arms-race of hardware. Miners are regularly accumulating more computers with more powerful stats simply so that they can keep up with each other. This system works,...

Read More

How Renewable BTC Mining Is Helping The Planet

In a recent study published by CoinShares which estimates that renewable energy powers around 74 percent of Bitcoin mining operations. The paper also suggested that the flagship cryptocurrencies mining operations are commonly concentrated in areas where renewable energy sources are redundant. Miners are actually encouraged to do this because of the profit involved in it for long-term means. The use of renewable use of energy seems to be on the down from last year when just under 78 percent of miners were using such energy sources. The report states: “The renewables estimate is down from 77.8% in our November 2018...

Read More
snapex banner

Samsung Delving into the World of Bitcoin Mining

It has just come to light that Samsung is designing and manufacturing chips for mining the leading cryptocurrency, Bitcoin. Last month, at the MicroBT M20 conference in China, the general manager for Samsung Foundries China revealed that the company had been designing and   2nm and 5nm chips for Bitcoin mining. Bitcoin Mining & Samsung According to some internal documents from the firm, Samsung has been fabricating these mining chips since the first quarter of last year! Samsung has publicly announced its strategic partnership with MicroBT, the third biggest designer of Bitcoin ASICs behind Bitmain and Canaan during the conference held...

Read More

XMR: Could A Monero Hard Fork Lead To Unprofitable Mining?

Once again it seems that Monero has split through means of a hard fork to keep the ASIC miners off their back, who take over the network after a time and are seemingly disliked by the community surrounding Monero. Monero would prefer to be a CPU, at most a GPU coin, which is mined by the people who use it. In discussing Monero’s moves, Binance released a new report over the weekend.   The crypto exchange noted that there was some backlash related to permanently kicking ASIC miners off the network. For those that don’t know, here’s a quick summary...

Read More