Cryptocurrency & Mining News - Page 38
ASUS has just come to the rescue of all cryptocurrency miners with their new B250 Mining Expert motherboard, the world's first mining motherboard with freakin' 19 PCIe slots.
The new ASUS B250 Mining Expert motherboard rocks 19 x PCIe slots, and takes 3 x 24-pin ATX power connectors which is simply insane.
It will support Intel's 6th and 7th generation CPUs, and up to 32GB of DDR4 RAM in dual-channel mode.
For the first time ever, Bitcoin has reached the dizzying heights of $4500, quadrupling its price since December 2016.
The naysayers of Bitcoin are coming out of the cracks, with The Next Web talking with CoinDesk, who said: "There's certainly a lot of bullishness about Bitcoin and cryptocurrency, and that's the case with bubbles in general. The psychology of bubbles fuels it. You just become more convinced that it's going to work. And the higher the price goes, the more convinced you become that you're right. But it's not going up because it's going to work. It's going up because of speculation".
TNW said that Peter Schiff, who they call a "longtime opponent to the idea that cryptocurrency has any long-term potential", said that the Bitcoin bubble is "about to burst". Now while it might deflate, I don't think it's going to go down and stay down - and if it does, it should scale back up just like it has done again now, to the heights of $4500.
The Ethereum mining boom hits its peak in June, but it hasn't stopped casual - and professional miners from continuing to mine the digital cryptocurrency. The current price of Ethereum is actually quite good, where at the time of writing it had reached $300.
Back to the mining, where I've scoped out the difficulty chart for Ethereum which is continuing to grow. Earlier this month it reached 1.5T, up from the 1.25T or so towards the end of July.
But now, Ethereum mining difficulty has spiked to 1.75T, its highest yet. If you're still mining Ethereum, I've written an article saying Ethereum mining is DEAD... and I still stand by those words. If you've got graphics cards laying around... sure. But I wouldn't advise ANYONE to invest in hardware to mine Ethereum right now, or ever again.