Hive Blockchain on track to mine more Bitcoin, less Ether this quarter
The Canadian mining firm expected its Ether production to decrease by more than 20% quarter over quarter, while its Bitcoin mining would rise a modest 2%. Publicly traded crypto mining firm Hive Blockchain is expecting to produce 6,900 Ether (ETH) and 670 Bitcoin (BTC) for the fiscal quarter ending on Dec. 31, marking a respective drop and increase over that of the previous quarter.In a Wednesday notice to shareholders, Hive said it had mined 6,280 Ether from Oct. 1 to Dec. 21, and was on track to mine more than 65 ETH daily for the remainder of 2021. This projected total — 6,900 ETH —....
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The HIVE blockchain announced that it had increased its revenue per megawatt by four times. This record revealed that its generated income exceeds that of Bitcoin mining. HIVE blockchain, a cryptocurrency miner, is currently looking to replace ETH mining with other digital assets. This is slated to occur after the completion of the upcoming Ethereum […]
The Bitcoin mining company is expanding to Texas with new custom-built 'greener' mining devices that will be powered by Intel Bonanza Mine chips. Publicly traded crypto mining company HIVE Blockchain Technology has signed a deal to buy ASIC chips from semiconductor manufacturer Intel that will be used in their new custom mining devices.HIVE has arranged for the new devices to be made by a third-party custom design manufacturer that will integrate the Intel chips into new air-cooled Bitcoin (BTC) mining devices. HIVE expects that the new devices will nearly double its aggregate Bitcoin....
While the cryptocurrency community prepares for The Merge, the Nasdaq-listed, Hive Blockchain Technologies, revealed in the company’s August 2022 production update that it plans to re-distribute its hashpower dedicated to Ethereum toward “other GPU mineable coins.”
Hive’s Technical Team Researches Other GPU Mineable Coins
On September 6, Hive Blockchain Technologies (Nasdaq: HIVE) published the company’s August production report which talks about a “record monthly BTC production” and the appointment of a new general counsel....
Executive chair Frank Holmes described the sale as “unfortunate” but approved of the community continuing to find uses for the property. Crypto mining firm HIVE Blockchain Technologies has sold one of its data centers in the Norwegian municipality of Narvik held since 2018.In an announcement today, HIVE said it had transferred all shares of the firm’s local subsidiary Kolos Norway AS to Narvik in addition to a $200,000 payment. The move came after the Norwegian Parliament approved a bill in November 2018 that would not provide relief to crypto miners on power consumption. The mining firm....
Hive Web is a cross-platform, multi-currency wallet. This isn't the first time CCN has talked about Hive. A few months ago, CCN covered Hive's gorgeous OS X app and interviewed one of the developers. The Hive team is known for prioritising usability and simplicity, which is highly important considering that most people still don't entirely understand Bitcoin. While Hive has native clients for OS X and Android, it seems the developers wanted to streamline the entire experience by creating a cross-platform, multi-currency web wallet. Here's my take on the team's latest offering - Hive Web.....