Quantum Blockchain Technologies Enhances Bitcoin Mining with AI-Powered Algorithms
Quantum Blockchain Technologies (QBT), a research company based in the United Kingdom, has developed artificial intelligence-powered algorithms that could significantly increase the mining winning probability of certain ASIC Bitcoin (BTC) miners, CEO Francesco Gardin said in an interview with Co ...
HIVE Mining Company Aims to Double Production Capacity to 6 EH/s by Year-End
Mining company HIVE said it plans to reach 4 EH/s production capacity by the end of this year and then increase it to 6 EH/s. That's almost double the firm's current capacity. HIVE explained that the company plans to achieve this goal by using a new batch of next-generati ...
Hive Blockchain Reports 8% Increase in Bitcoin Mining Hashrate
Hive Blockchain, a Canadian mining firm, has recently reported an 8% increase in its total Bitcoin mining hardware hashrate over the last month. In May, Hive wallets received a total of 273.4 BTC and 2,694 ETH, while the hash rate of ETH mining devices remained constant at 6.26 Tx/s. The total ha ...
Police in Kosovo seize 174 cryptocurrency mining machines due to electricity theft
The Republic of Kosovo's law enforcement agencies recently seized 174 ASIC miners from Serbs residing in the northern part of the country. The police stressed that the electricity consumption in these areas has significantly increased in recent years, and residents have been reluctant to pay thei ...
Canaan’s Q4 Revenue Collapses by 82% as Cryptocurrency Market Falters
Canaan, the ASIC miner manufacturer based in China, has reported its financial results to the US Securities and Exchange Commission (SEC), indicating a massive 82% drop in revenue during the last quarter of the year. The report shows that the company earned a meager $56.8 million during October-D ...