Items tagged with cryptocurrency mining

Have you looked up the prices of graphics cards lately? Don't do it, not unless you want to be depressed. We're not talking about MSRPs, mind you, but jacked up pricing on the part of marketplace sellers and scalpers on eBay. Part of the reason is because of cryptocurrency mining, but following a crackdown in China, GPU prices might finally return to Earth. That is the optimistic view, anyway (and probably too optimistic). However, China's annoyance at cryptocurrency mining is very real, and its ban on mining digital currencies could have a tangible impact on the market at large, and others (like GPUs) that are associated with it. That's because China has been a major hub for mining. It is estimated... Read more...
NVIDIA is hoping that applying a hash rate limiter to some of its graphics cards will help get more units in the hands of actual PC gamers, rather than miners, who the company is serving with CMP HX parts. The newly minted GeForce RTX 3080 Ti is one of those cards. It is not a great option for mining Ethereum (relative to the card's cost), and it looks like the hash rate limiter nerfs a few other cryptocurrencies as well. Hopefully this attempt works out better than it did for the GeForce RTX 3060. NVIDIA attempted to gimp mining performance for that card as well, but the effort was quickly undone when a developer driver that removed the hash rate limiter found its way to the web. It did not... Read more...
Though cryptocurrency mining is becoming less profitable by the day, those who still have the hardware may as well use it. However, it sucks up a lot of energy and dumps a lot of heat, which suspiciously looks like a marijuana grow house, as it turns out. Earlier this month, police in London were tipped off to a building within the Great Bridge Industrial Estate, Sandwell. Using drone surveillance, police saw a characteristic heat signature and people regularly going in and out. Therefore, when the police raided the location on May 18th, they were expecting a cannabis farm, but that is not what they found. Upon entry, they saw shelves full of up to 100 application-specific integrated circuit... Read more...
China is one of the largest cryptocurrency mining countries in the world, in part due to its sheer population, cheap electricity, and easy access to electronics. This year, Bitcoin and other large cryptocurrencies took off alongside new coins like Chia, which saw immense popularity in China. Now, the Chinese government has cracked down on cryptos overall, and miners are pulling out of the country, leading to a sharp price slump across the board. Will this trend continue, or will cryptocurrencies recover in traditional fashion? Last Friday, Chinese Vice Premier Liu He announced a crackdown on Bitcoin mining and trading to “fend off financial risks.” This announcement came just... Read more...
Cryptocurrency mining was once just a way to use extra CPU cycles, but it has since become an economy in and of itself with a dark underbelly. Over the years, black-hat hackers have adapted cryptocurrency mining to make money for themselves using other peoples’ resources via malware. This year, Microsoft recorded a spike in this activity, likely fueled by the extreme rise in the price of all cryptocurrencies. Now, the company is working with Intel to help prevent cryptojacking with machine learning and Microsoft Defender For Endpoint. Cryptojacking is the term coined for when an attacker deploys a crypto-miner as a malicious payload rather than other options such as ransomware. Considering... Read more...
As of late, there has been a run on graphics cards due to cryptocurrency miners looking to cash in on mining for whatever coin that is the new hotness on the market. However, the next crypto-driven shortage could very well be hard drives and SSDs with a new breed of cryptocurrencies that operate by "proof of space" and time using available drive storage space. While this is not necessarily a new idea, the technology has begun to take off and it seems will likely begin to spread worldwide. In 2014, the pioneer of proof of space, also known as proof of capacity, was Burstcoin, created by an anonymous developer and now managed by several groups. They describe proof-of-capacity as an “energy... Read more...
The lingering GPU shortage is frustrating for people who play games on PC, because graphics cards are just so hard to come by—they're either always out of stock, or selling for grossly inflated prices set by marketplace sellers. In case you were wondering, however, NVIDIA is doing just fine. More than just fine, NVIDIA expects its first quarter revenue to exceed its previous guidance, with a big uptick in cryptocurrency mining GPUs contributing to the company's bottom line. Previously, NVIDIA estimated its first quarter revenue for its CMP (Cryptocurrency Mining Processors) would fetch $50 million from buyers. Higher than expected demand has now driven that estimate to $150 million, or... Read more...
It has become increasingly difficult to secure even the most basic entry-level current generation graphics from the NVIDIA GeForce RTX 30 and AMD Radeon RX 6000 families. Even last-generation cards like the GeForce RTX 20 and Radeon RX 5000 series are in short supply as both gamers and cryptocurrency miners compete for limited inventory. NVIDIA's solution to this problem is to cripple Ethereum mining performance on its GeForce RTX 3060 (and future) graphics cards to dissuade crypto miners and push them towards an all-new Cryptocurrency Mining Processor (CMP) family of GPUs. Not surprisingly, the initial run of CMP 30HX cards has already proven to be quite popular. Now, Hong Kong authorities claim... Read more...
Late last month, we reported on a trend of rising cybersecurity incidents worldwide that could lead to the end of some businesses. Now, the latest cyberattack victim is Microsoft-owned GitHub, with reports of cybercriminals leveraging GitHub cloud infrastructure to mine cryptocurrency. Since at least the Fall of 2020, attackers have been abusing a feature called GitHub Actions, which lets users automate tasks and workflows once an event happens within a repository. Once triggered, GitHub Actions can spool up a VM or a container to typically test out code in a live environment. In a phone call to The Record, Dutch security engineer Justin Perdok explained that “at least one threat actor... Read more...
In mid-February, NVIDIA announced that it would unleash a new GPU family called the Crypto Mining Processor (CMP HX). To ease some pressure off GeForce RTX 30 supplies, NVIDIA is pushing the CMP HX family as an excellent option for enthusiasts looking to mine for cryptocurrencies like Ethereum. As NVIDIA explained at the time, the GPUs "don't meet the specifications required of a GeForce GPU and, thus, don't impact the availability of GeForce GPUs to gamers."  Just as NVIDIA said in February, Gigabyte is one of its OEM partners that will produce CMP HX cards. Today, we're getting our first look at Gigabyte's CMP 30HX card. You shouldn't be too surprised to see that this card doesn't... Read more...
Back in mid-February, NVIDIA announced its Crypto Mining Processor (CMP) HX family. Now it looks as though AMD may be countering with some headless Radeon GPU action of its own. The news comes to us from the new AMDGPU kernel patch driver notes for Linux 5.12. The pertinent piece of information for us today is the appearance of a new NV12 (Navi 12) SKU. According to the report, this would be a new headless graphics card based on first-generation Navi architecture (RDNA). The card would lack support for Video Core Next (VCN) which further adds to the rumors that this could be AMD's answer to CMP HX. NVIDIA previously stated that its CMP HX cards feature GPUs that didn't pass the grade... Read more...
Over the past few months, we've heard many rumors surrounding the alleged GeForce RTX 3080 Ti. This is NVIDIA's next high-end graphics card that will reportedly fit in between the existing GeForce RTX 3080 and the GeForce RTX 3090. When we last visited GeForce RTX 3080 Ti rumors, it was alleged that the card would have 20GB of GDDR6x memory and 10,496 CUDA cores with base/boost clocks of 1396MHz and 1695MHz, respectively. Hardware leaker kopite7kimi is now claiming that the GeForce RTX 3080 Ti will instead have just 10,240 CUDA cores (compared to 8,704 CUDA cores for the standard GeForce RTX 3080). kopite7kimi is also alleging that the GeForce RTX 3080 Ti will feature 12GB of 19Gbps... Read more...
Have you looked at the price of Bitcoin lately? The volatile currency ballooned to nearly $40,000 in recent weeks and is now hovering at a little over $37,000. This has prompted renewed interest in cryptocurrency mining (not that it ever dissipated completely), and if demand is high enough (J.P. Morgan reckons it could eventually hit a $146,000 valuation to rival gold investments), NVIDIA said it would once again manufacture GPUs specifically aimed at miners. For the most part, mining Bitcoin is a tough gig for the casual user, in terms of making any meaningful money. Specialized ASIC hardware rules the day. However, there are some bigger operations that still employ scores of GPUs for mining.... Read more...
At a cursory glance, it may seem like cryptocurrency mining is firmly in the rear view mirror, along with all of the unwanted side effects (GPU shortages, browser hijacking, and so forth), but not so fast. Bitcoin and other virtual currencies have seen a sharp rise in recent weeks. Does that mean we have to worry about sneaky web code using our browsers to mine cryptocurrencies? That remains to be seen, though to prevent that sort of thing, Mozilla is making some changes to Firefox. Mozilla stated in a blog post that it has added a feature to block fingerprinting and cryptomining in Firefox Nightly, as an option for users to turn on. Firefox Nightly is a pre-release version of Firefox that gets... Read more...
It wasn't too long ago that the world seemed to have gone crazy mining for cryptocurrency. Crypto miners were gobbling up all the GPUs to the point where gamers were unable to get their hands on a graphics card unless they paid insanely prices for them. All of that time and money went into optimizing crypto mining machines, but now that the crypto craze has faded, many systems sit idle. What to do with those mothballed crypto mining machines? Vectordash has a fantastic idea that is quite the turnaround for gamers. Vectordash is a streaming game service that charges $28 per month and has the goal of letting you play any game you want on any computer you own with unused crypto mining... Read more...
Cryptocurrency has been a hot topic in 2018, and Google claims that “What is bitcoin?” was one of its top questions this year. A lot of people (and companies) jumped on the cryptocurrency train, including Razer. The company is now offering users store credit in exchange for cryptocurrency mining. But is this program too good to be true? Many argue that the Razer SoftMiner rewards program is misleading and exploitative. How does this rather confusing program work? Users are asked to download SoftMiner, a blockchain-based app that has been integrated into Razer’s software. The software is supposed to run silently in the background and draw upon a user’s idle GPU resources.... Read more...
Those who enjoy streaming movies and television shows on their devices should always be cautious when downloading content. It has been revealed that several third-party Kodi add-ons for Windows and Linux contained cryptocurrency malware. The cryptocurrency miner is difficult to uncover and is believed to have infected nearly 4,700 users.  ESET, a Slovak IT security company, discovered that Windows and Linux Kodi users who downloaded the third-party add-ons Bubbles, Gaia, and XvBMC, were the targets of the malware campaign. The add-ons contain malicious code that mines the cryptocurrency Monero (XMR). It is believed that the criminals have been able to mine 62 Monero coins or over $7,000... Read more...
Google is taking a stand against advertisements on the internet that promote cryptocurrencies, cryptocurrency exchanges/wallets/trading advice and/or initial coin offerings (ICO). The tech giant says that it will no longer serve ads through its platforms for these products and services starting in June 2018. "We don't have a crystal ball to know where the future is going to go with cryptocurrencies, but we've seen enough consumer harm or potential for consumer harm that it's an area that we want to approach with extreme caution," said Scott Spencer, Google's Director of Sustainable Ads, in an interview with CNBC. In addition, Google will add the following to its "restricted" list with respect... Read more...
Graphics card prices are insane right now, a direct result of the shortage created by cryptocurrency miners snatching up cards quicker than retailers than stock their shelves. This has led to huge markups on practically every mid-range and high-end GPU product, usually through third-party sellers. The solution? That is a point of debate, and interestingly enough, Newegg has begun bundling other hardware with graphics cards. This raises a question—is Newegg essentially masking the price gouging that is taking place, or trying to allocate a portion of inventory to gamers? That will surely be debated too. We have mixed feelings about this ourselves, based on the bundles we have seen so for.... Read more...