GPU hardware firm riles gaming community by flirting with crypto miners
Hungry for coin? A computing hardware firm has angered gamers after apparently marketing the already scarce Nvidia RTX 30 series to cryptocurrency miners. Computing hardware manufacturer Zotac angered a customer base of loyal gamers on Feb. 16 after it posted a tweet apparently marketing its new Nvidia 30 series graphics cards to cryptocurrency miners.Zotac’s post showed a stack of what looks to be GeForce RTX 3070 White Edition GPUs, along with the caption, “An army of ZOTAC GAMING GPUs hungry for coin!"An army of #ZOTACGAMING GPU's hungry for coin! IG: @pc.lad#ZOTAC #PcGaming #Gaming....
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Nvidia's chief financial officer says the firm could restart its mining-specific line of graphics cards if demand from cryptocurrency miners increases. Gaming hardware giant Nvidia has addressed the ongoing shortage of its new RTX 3000 product line after high demand from gamers, and to a lesser extent, cryptocurrency miners, pushed up prices and cut availability.Nvidia chief financial officer Colette Kress said the company didn’t have good visibility into how much demand came solely from cryptocurrency miners, but she doesn’t believe it’s a big part of the business at this time. That’s....
Whenever a new company announces they are selling dedicated mining hardware for Bitcoin and Litecoin, the digital currency community is on high alert. Over the past few years, various companies have claimed to offer this type of service, although very few of them have been able to deliver on these promises. PH Miners Inc. is a new mining hardware....
The surge of at-home and small-scale bitcoin miners is driving new hardware offerings, hosting services and a return to the practice’s roots.
Crypto miners will be able to deduct electricity costs as business expenses when filing cryptocurrency taxes starting in 2022. Crypto investors involved in cryptocurrency mining may enjoy a significant tax break when the country’s digital currency tax regime commences in 2022.According to a report by Pulse News, South Korea’s Ministry of Economy and Finance on Wednesday announced additional details of the country’s impending crypto tax law, which included a provision for crypto miners to report operating expenses as tax deductibles.These expenses cover electricity bills, with miners....
Cloud mining is a far safer way to invest in cryptocurrencies and get consistent passive income without directly using mining equipment or hardware. Cloud mining is the process of mining cryptocurrency without the direct use of mining equipment or hardware. The process allows users to mine Bitcoin or altcoins without having to manage their own resources.Related: What is an altcoin? A beginner’s guide to cryptocurrencies beyond BitcoinIn traditional crypto mining, cryptocurrency is produced through a computational process. Miners need to solve complex mathematical problems using mining....