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Youtuber Builds a Bitcoin Miner Out of a 31-year old Nintendo Game Boy

On Saturday, a popular Youtuber named Stacksmashing published a video that shows him hacking a 1989 Nintendo Game Boy in order to mine bitcoin. Despite the creativity and the fact that the miner only leverages four double-A batteries, Stacksmashing noted that the 8-bit handheld game console was not nearly as powerful as today’s modern mining rig. Mining Bitcoin With a Game Boy Four years ago, a few people created some interesting methods to mine and connect with the Bitcoin network. For instance, the bitcoiner Ken Shirriff who is known for getting the bitcoin symbol added to Unicode had shown the…

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Hut 8 Purchases $30M Worth of Nvidia’s GPU Miners, Looks to Push Capacity to 1,600 Gigahash

On Friday, the publicly listed firm Hut 8 announced the purchase of $30 million worth of Nvidia’s dedicated crypto mining GPUs called the Cryptocurrency Mining Processor (CMP). Nvidia CMPs mine the crypto asset ethereum and Hut 8 expects its aggregate operational power will be 1,600 gigahash. Hut 8 Purchases $30 Million Worth of Nvidia’s Dedicated GPU Miners On the heels of joining Foundry’s U.S. bitcoin mining pool, the firm Hut 8 Mining (TSX: HUT) revealed it has purchased $30 million worth of Nvidia CMPs. The Nvidia CMP HX product is described as a “dedicated GPU for professional mining.” Nvidia’s web…

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Chinese Mining Rig Manufacturer Microbt Announces Offshore ASIC Factory

On Friday, China-based bitcoin mining rig manufacturer Microbt announced plans to create an offshore facility that produces the company’s Whatsminer devices and parts for North America. The firm revealed the expansion news when it announced a recent partnership with the New York-based Foundry Digital LLC. Microbt’s Whatsminer mining rigs have become popular during the last few years and the company has been able to obtain a large portion of mining device sales. On September 25, the China-based firm announced a partnership with Foundry and detailed it contracted a Southeast Asian firm to create Whatsminer equipment for U.S. customers. News.Bitcoin.com reported…

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Publicly Listed Energy Firm Equinor Exploits Gas Flaring in North Dakota to Mine Bitcoin

Just recently, the firm Arcane Research recently revealed a number of screenshots from the publicly traded energy firm, Equinor. The pictures show the multinational company leveraging natural gas flaring to power bitcoin mining operations. In recent years, using the unorthodox gas flaring scheme to mine bitcoin has become more prominent worldwide. The Norwegian state-owned multinational energy company Equinor (NYSE: EQNR) has recently announced joining the crypto economy, as the firm has partnered with Crusoe Energy Solutions to mine bitcoin. Equinor is a well known, publicly listed firm that is headquartered in Stavanger, but has operations in over 30 countries today.…

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Official Notice Says Cheap Electricity to End for Inner Mongolian Bitcoin Miners

Regional reports say that officials from Inner Mongolia delineated 21 bitcoin mines, as the region plans to stop subsidized electrical rates for certain data firms. Unless the bitcoin mining facilities pack up and migrate, mining farms may see an electrical price increase by one third. The Chinese newsdesk Weixin revealed that bitcoin mining farms located in Inner Mongolia will no longer be able to access subsidized electricity. A blockchain journalist based in China, Colin Wu, reports that on August 24, the Inner Mongolia Department of Industry and Information Technology issued an electrical policy notice. A rough translation of the notice…

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Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low

Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June 19, the total amount of BTC transferred out of miners’ addresses saw a significant low not seen in over a decade. At the time, miners transferred 987 BTC that day, but six days later on June 25, miners sent nearly 3,000 bitcoin (2,650 BTC sent to Bitfinex) to exchanges that day. Despite that…

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Introducing Hashrate Index, An Online Tool For Bitcoin Mining Transparency

The success of Bitcoin ultimately depends on the health of its mining industry. Bitcoin mining is central to transaction validation, the prevention of double spending and the hard cap on the bitcoin supply — basically, the things that make Bitcoin the revolutionary technology that it is. And Bitcoin mining has evolved dramatically since it was first introduced. Today, a large portion of the industry revolves around mining pools, which coordinate hash power from miners around the world and share any resulting bitcoin among those who contributed. But despite the rising popularity of mining pools and their central role in maintaining…

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