@intocryptoverse

Auto Added by WPeMatico

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

by

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 … Read more

Bitcoin Touches $18K, Crypto Asset Looks to Smash All-Time High, ETH Price Could Spike 20x

by

On Wednesday, November 18, 2020, the price of bitcoin has been coasting along at levels not seen since the decentralized currency’s all-time high three years ago in 2017. The cryptocurrency’s market capitalization is currently hovering at around $334 billion today. Likewise, the daily rate of bitcoin issuance during the last three years makes the overall … Read more