AMD 'could be devastated' by Mining
AMD Radeon is driving mining. In an article published today, Daily Finance argues that cryptocurrency mining may be hampering development at AMD. The AMD flagship graphics card, Radeon R9 290X, is a hard-to-find commodity out there. Online retailers such as NewEgg and Amazon either list it as 'Out of Stock' or 'Special Order'. Trying to find any half-decent AMD graphics card at a Bitcoin-centric retailer is futile. They're just not available - and when one is for sale - it is priced at a premium. Everyone knows: these pieces of high-grade technology are the heart of the best - and most....
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A group of anonymous Italian Bitcoin enthusiasts is leveraging the cryptocurrency to help victims of the earthquake that has devastated parts of the country. No financial services. The 6.2 magnitude earthquake struck the village of Amatrice late August. According to BTM operator Luca Dordolo, the disaster took out even the most basic of services: “Right now we know of 300 deaths and everything is destroyed: no bank and financial services, lack of everything, even water and electricity.” Acquaintances of Dordolo have taken the initiative to launch a campaign to help out the victims of the....
Last October, a rug pull devastated investors eager to make money from cryptocurrency token “SQUID,” named after the popular Netflix show Squid Game. With its bandwagon hype, the token’s value skyrocketed by a whopping 23,000,000% to $2,862 within a week. It took less than five minutes though before the value rapidly plummeted to $0.0007926 as […]
Stronghold Digital Mining has raised more than $100 million in two private placements supporting its model for sustainable Bitcoin mining. The Pennsylvania-based Stronghold Digital Mining has announced the completion of two private equity securities raises worth $105 million.According to an announcement shared with Cointelegraph, the firm’s first power generation facility, the Scrubgrass Generation Plant in Venango County, converts waste coal into energy on a scale equivalent to “a large-scale hydropower plant” that is then used to mine Bitcoin and other cryptocurrencies. The waste coal....
A newly established Ukrainian charity organization, Pray4Ukraine, has brought together hundreds of digital artists that are using art to raise funds for the Ukrainian army and civilians devastated by the war. The organization is also attempting to use the power of art to help end the war in Ukraine. 10,000 NFTs Created A newly launched Ukrainian charity project, Pray4Ukraine, has brought together hundreds of the country’s digital artists who have created 10,000 NFT art pieces. Working in concert with Pray4Ukraine, the artists hope to raise funds that will be used for humanitarian....
During a recent interview with the Wall Street Journal (WSJ), Terraform Labs (TFL) founder Do Kwon said he was “devastated” by the LUNA and UST implosion that took place in mid-May. He told the WSJ that he was probably a billionaire when LUNA tapped an all-time high before the collapse, but lost a great portion of his net worth following the aftermath. Do Kwon Speaks About the Terra LUNA Collapse Do Kwon has recently discussed the LUNA and UST fallout during an interview with the WSJ contributors Alexander Osipovich and Jiyoung Sohn. The interview was published on June 22,....