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Cryptocurrency & Mining News - Page 2

The latest and most important Cryptocurrency & Mining news - Page 2.

NVIDIA CMP 170HX crypto mining card teased: insane 164MH/s hash rate!

Anthony Garreffa | Thu, Sep 2 2021 7:52 PM CDT

NVIDIA's flagship GeForce RTX 3090 graphics card can pump away at 100-100MH/s hash rate, but now there's a new CMP 170HX mining GPU teased that is a true crypto mining monster.

NVIDIA CMP 170HX crypto mining card teased: insane 164MH/s hash rate! 01 | TweakTown.com

The new NVIDIA CMP 170HX mining card packs the super-fast A100 accelerator, which means it doesn't have any display connectivity or any ability to play games. It's a compute and crypto mining beast, teased by Codefordl on Zhihu.

NVIDIA's upcoming CMP 170HX has 4480 CUDA cores, where the full GA100 GPU inside of the NVIDIA A100 accelerator has 6912 CUDA cores -- so where does all this hash rate power come from? Well, that comes down to the 8GB of super-fast HBM2e memory that is on a 4096-bit memory bus and offers up to an insane 1.493GB/sec of memory bandwidth... making it an amazing, and the very best single GPU mining card.

Continue reading: NVIDIA CMP 170HX crypto mining card teased: insane 164MH/s hash rate! (full post)

Ripple may expose SEC employees who are holding XRP

Jak Connor | Tue, Aug 31 2021 4:06 AM CDT

Ripple is no stranger to legal action by the United States Security and Exchange Commission (SEC), as the regulatory agency has alleged the cryptocurrency is unregistered security.

Ripple may expose SEC employees who are holding XRP 01 | TweakTown.com

According to James Filan, an attorney who is closely following the case between the SEC and Ripple said that Ripple is pushing for a motion that would reveal if SEC employees have been trading or are holding any of its token XRP. The motion was filed last Friday with names such as Ripple Labs, Ripple CEO Brad Garlinghouse, and Ripple executive chairman Chris Larsen attached to the document.

The motion's action asks the U.S. District Court for the Southern District of New York to require the SEC to produce data to the court on its trading policies as well as anonymized documents that show "trading preclearance decisions" for XRP, Bitcoin, and Ethereum. Additionally, the document states, "Defendants also seek certifications concerning SEC employees' XRP holdings - again, either with redactions of personal information or in aggregate form."

Continue reading: Ripple may expose SEC employees who are holding XRP (full post)

485,000 x Radeon RX 470s returned to cloud mining company by China

Anthony Garreffa | Sun, Aug 29 2021 9:06 PM CDT

China is spreading its cryptocurrency regulatory tentacles everywhere it can, but now China's Supreme Court has sided with cloud mining company Genesis Mining, and will return 485,681 Radeon RX 470 8GB GPUs.

485,000 x Radeon RX 470s returned to cloud mining company by China 507 | TweakTown.com

Genesis Mining now has over 485,000 Radeon RX 470 8GB GPUs that it needs to find a new crypto mine to be used in, but after the cards were taken in 2019.

The dispute between Chinese hosting provider Chuangshiji Technology Limited and Iceland-based Genesis Mining started over charging disagreements and payment-related. Genesis filed a suit against Chuangshiji that requested the return of its graphics cards, as well as 60,000+ ASIC miners after it terminated the hosting agreement with the Chinese cloud mining company.

Continue reading: 485,000 x Radeon RX 470s returned to cloud mining company by China (full post)

NFT sales go bonkers, nearly a billion dollars of NFTs sold this month

Jak Connor | Fri, Aug 27 2021 3:32 AM CDT

The sale of non-fungible tokens seems to be skyrocketing as a sales tracking portal has reported that total sales for this month are closing in on previously set records.

NFT sales go bonkers, nearly a billion dollars of NFTs sold this month 01 | TweakTown.com

According to the non-fungible token (NFT) tracking portal called Nonfungible, over the past 30 days, there has been $896 million worth of NFT sales. Projections expect that $896 million will reach $900 million by the end of August, setting a new record for the emerging industry. It should be noted that the previous best month for NFT sales occurred in May, when $255 million in NFTs were sold.

So, why are NFT sales up so much this month? Cointelegraph attributes the increase in NFT sales to the CrytoPunks and Axie Infinity. CryptoSlam reported that $397 million in CryptoPunk sales happened this August and that the average sale price for CryptoPunk digital artwork is $214,000, with the most expensive one selling for $11.5 million during a Sotheby auction in June. For more information on this story, check out this link here.

Continue reading: NFT sales go bonkers, nearly a billion dollars of NFTs sold this month (full post)

Hacker steals $610 million of Ethereum, but then does the unexpected

Jak Connor | Thu, Aug 26 2021 2:31 AM CDT

A hacker has done the unthinkable after stealing $610 million worth of the cryptocurrency named Ethereum.

Hacker steals $610 million of Ethereum, but then does the unexpected 01 | TweakTown.com

As pointed out by Engadget, this very well could be the strangest cryptocurrency heist that has happened so far, as the hacker going by the name Mr. White Hat hacked the cryptocurrency exchange platform Poly Network, stealing $610 million worth of Ethereum. What is strange about this hack is that Mr. White Hate has now returned every single dollar of the $610 million, saying that they're "ready to surrender".

The company has said that it has successfully recovered all of the lost funds, after the hacker infiltrated the network and seized $200 million in an account that requires a password from the hacker and Poly Network. Now, the hacker has said that they were attempting to contribute to the security of Poly Network, or perhaps the $610 million was difficult to convert to fiat currency, and they feared being caught by authorities.

Continue reading: Hacker steals $610 million of Ethereum, but then does the unexpected (full post)

Walmart is making a move towards adopting cryptocurrency

Jak Connor | Tue, Aug 17 2021 6:05 AM CDT

Walmart is reportedly making a move towards adopting cryptocurrency, according to a new hiring position listing.

Walmart is making a move towards adopting cryptocurrency 01 | TweakTown.com

According to a job listing on Walmart Careers website, the company is looking for a "Digital Currency and Cryptocurrency Product Lead". The job description states that Walmart is looking for someone who will drive the digital currency strategy for Walmart, will be able to partner effectively with design leaders in other departments within the company, commit to a product roadmap, and "Identify Crypto-related investment and partnerships".

There are several qualifications for the position as well; "Bachelor's Degree, 10+ years of experience in product or program management, technology commercialization and/or technology, experience with the cryptocurrency ecosystem and related technologies, and experience in developing strategy and the execution roadmap."

Continue reading: Walmart is making a move towards adopting cryptocurrency (full post)

14 and 9 year-old brother-sister combo make $32,000/month from crypto

Jak Connor | Tue, Aug 17 2021 3:07 AM CDT

A fourteen and nine-year-old brother and sister combo are making as much as $32,000 a month from cryptocurrency, and here's how.

14 and 9 year-old brother-sister combo make $32,000/month from crypto 01 | TweakTown.com

According to a report from the Dallas Morning News, Ishaan Thakur, aged 14, and his sister Aanya, aged 9, began their journey's into the world of cryptocurrency after hearing their father discuss cryptocurrencies and their rise in value. Ishaan and Aanya started mining Ethereum on an old gaming laptop and reportedly was making $1,000 a month. With their profits, the brother and sister decided to invest in additional equipment to increase their profits.

According to the report from Dallas Morning News, with the help of their father, Ishaan and Aanya are now running an Ethereum mine that has 94 processors mining, with NVIDIA's RTX 3090 being the main graphics card being used. Originally, the crypto mine was inside of the Thakur's garage, but now that profits have increased, the family has decided to move the mine to an air-conditioned data center in downtown Dallas, Texas.

Continue reading: 14 and 9 year-old brother-sister combo make $32,000/month from crypto (full post)

Family bets everything on Bitcoin at $900, now has planet-wide secrets

Jak Connor | Thu, Aug 12 2021 5:34 AM CDT

A family did something most families wouldn't. They liquidated all of their assets and put it all on Bitcoin when it was priced at $900.

Family bets everything on Bitcoin at $900, now has planet-wide secrets 01 | TweakTown.com

While that bet certainly paid off considering the price of the cryptocurrency now, but putting everything on the coin in 2017 is certainly a massive roll of the dice. The Dutch family says it put everything on Bitcoin when it was trading for around $900, and now the coins that were purchased are locked in secret vaults that are located on four separate continents.

According to Taihuttu of the so-called Bitcoin Family, "I have hidden the hardware wallets across several countries so that I never have to fly very far if I need to access my cold wallet, in order to jump out of the market." The coins are held in cold storage on hardware wallets that are hidden in a variety of different ways. According to what the family told CNBC, some hardware wallets are in rental apartments, some are at friends' houses, and some are in self-storage sites.

Continue reading: Family bets everything on Bitcoin at $900, now has planet-wide secrets (full post)

AMD's new Radeon RX 6600 XT could be the best crypto mining GPU ever

Anthony Garreffa | Wed, Aug 11 2021 8:32 PM CDT

AMD just launched its new Radeon RX 6600 XT graphics card, with the Navi 23 GPU and 8GB of GDDR6 memory offering some great 1080p performance... but wow, the crypto mining performance on the RX 6600 XT is pretty damn good.

AMD's new Radeon RX 6600 XT could be the best crypto mining GPU ever 04 | TweakTown.com

I'm about halfway into my own ETH crypto mining article using the Radeon RX 6600 XT, but ahead of that I've just seen that VideoCardz is reporting from a report on Reddit that someone has got the Radeon RX 6600 XT mining ETH at 32MH/s at just 55W of power... which is insane. Quite possibly the best crypto mining GPU ever released.

For me, out of the box my XFX Radeon RX 6600 XT Speedster MERC 308 Black was pushing 29MH/s for a shave under 100W of power... already impressive. But then Dizzy Mining reduced the GPU clocks on his Radeon RX 6600 XT down to 1.2GHz, and the GDDR6 clocks up to 2.2GHz -- this pushed the ETH mining performance up to 32MH/s and the power consumption down to just 55W.

Continue reading: AMD's new Radeon RX 6600 XT could be the best crypto mining GPU ever (full post)

Largest crypto hack ever? Over $600 million in crypto stolen

Anthony Garreffa | Tue, Aug 10 2021 8:08 PM CDT

Uh, well this isn't good at all -- decentralized finance (DeFi) project Poly Network was hacked, with over $600 million in cryptocurrency stolen by hackers.

Poly Network was hacked and had $600 million taken from where it operates: Binance Smart Chain (BSC), Ethereum (ETH), and Polygon blockchains. Poly Network explained: "We call on miners of affected blockchain and crypto exchanges to blacklist tokens coming from the above addresses".

The team at Poly tweeted out that the $600 million in assets were sent to two addresses, including them in the tweet above. But that's where things get interesting...

Continue reading: Largest crypto hack ever? Over $600 million in crypto stolen (full post)

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