NiceHash Announces 90% LHRv3 Unlock for RTX 3050 and 3080 12GB

The cryptocurrency mining specialists over at Nicehash have released a partial hash-rate unlock for Nvidia’s LHRv3 (Light Hash Rate version 3) GPUs. Why partial? The QuickMiner application can tap into 90%, rather than 100% of the potential Ethereum (ETH) mining power of the Ampere architecture LHRv3 graphics cards. Nvidia’s only LHRv3 graphics cards at the […]

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Bitcoin Valuation Falls to Lowest Level Since July

Today, bitcoin holders are having a bad day as the iconic cryptocurrency slid nearly 5%. Bloomberg reports that the fall we have seen in the last 24 hours has brought Bitcoin (BTC) to its lowest level since July 2021. Furthermore, it reckons the downtrend will continue towards a crucial $30,000 make-or-break level, and cryptocurrency valuations […]

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Cost of Bitcoin Mining Hits 10-Month Low Amid Crypto Crash

Cryptomining has been in the headlines in recent months for all the wrong reasons if you are a cryptocurrency investor or speculator. It isn’t all doom and gloom for crypto, though, as we have recently reported on newer, more efficient mining equipment becoming available from the likes of Intel and Bitmain. Moreover, on Thursday, Bloomberg […]

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Ethereum, Bitcoin Pricing Recovers Over Weekend as Fears Wane

Bitcoin and Ethereum’s pricing has seemingly gathered upward momentum, as the world’s most popular and valuable cryptocurrencies have seen substantial value increases over the weekend. As reported by CoinDesk, Bitcoin climbed 5%, opening Monday morning above the $22,000 mark for the first time since June’s bloodbath-inducing crash (to the tune of 34%). Ethereum, which is […]

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Ethereum Sell-Off Inspired by Bitcoin, Inflation and High Transaction Fees

On Monday as Bitcoin’s (BTC) price was collapsing. we noted that ETH usually shadows its bigger brother. This is indeed the case — BTC dropped below $26,500 for a short period earlier. Ethereum and Bitcoin were priced at $2,385 and $32,790, respectively, when we covered their prices on Monday. At the time of writing, ETH […]

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Ethereum Looks Set to Undergo The Merge in August

The possible end to cryptocurrency mining on the latest and greatest GPUs seems to be looming, as Ethereum’s long-in-the-making move to Proof of Stake is poised to finally advance this Summer. Speaking at blockchain and Web3 event Permissionless, core Ethereum Developer Preston Van Loon said that code for The Merge is ready for deployment, with […]

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FBI Warns of Increased Cybercriminal Activity Surrounding Crypto

The FBI issued a Public Service Announcement (PSA) regarding increasingly concentrated cybercriminal activity surrounding the DeFi (Decentralized Finance) landscape. The FBI cautions investors to do their due diligence in choosing what DeFi protocols they decide to engage with, citing particular vulnerabilities from their (frequent) open-source nature. While transparent, open-source opens up the book on eventual […]

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Ethereum Hits 18-Month Low as Worries About Inflation and the Merge Grow (Updated)

The valuation of Ethereum has continued to drop over the weekend. When we wrote about the 15-month lows being hit, we would never have predicted a drop to 18-month lows by Monday. At the time of writing 1ETH is worth just $1,239. This represents a near 15% drop in value over the last 24 hours. […]

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Ethereum Miners Spent $15 Billion on GPUs Alone During Latest Cryptocraze

While GPU makers are reluctant to talk about sales to miners, analysts from Bitpro Consulting estimate that Ethereum miners purchased $15 billion worth of GPUs over the last 1.5 years, Bloomberg reports. When combined with the prices of other parts for their mining rig (CPUs, PSUs, chassis), the amount of money spent on Ethereum mining […]

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