Crypto News 

Hong Kong Hardware Manufacturer Releases Mining GPU for New Privacy-Oriented Coin

“Hong Kong-based computer hardware manufacturer Sapphire has announced a new graphics card for mining the recently-launched GRIN Coin, according to an official press release published on Jan. 22” writes Aaron Wood for cointelegraph.com. The SAPPHIRE RX 570 16GB HDMI Blockchain Graphics Card is one of the first of a “new family” that will support mining of the new GRIN Coin.Earlier this week, research published by the Bank for International Settlement (BIS) stated that Bitcoin’s (BTC) problems are only solvable by departing from a PoW system.BIS’s argument implies that the Bitcoin…

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Crypto News 

Chip Making Giant TSMC Reports Significant Drop in Crypto Mining Revenue

“Chip manufacturing giant Taiwan Semiconductor Manufacturing (TSMC) reported a sizeable drop in its crypto mining-related revenue in 2018” writes Marie Huillet for cointelegraph.com. TSMC has not disclosed specific data for its crypto mining business — including it instead within its high-performance computing (HPC) segment.So the cryptocurrency mining this year is much, much less than last year.Major  United States-based crypto mining and blockchain firm Giga Watt has just announced it is closing access and power to its facilities and stopping day-to-day operations, after having filed for bankruptcy in November last year. Source:…

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Rio Tinto sees further rise in exports this year

“Rio Tinto has spent billions of dollars expanding its vast iron-ore mining network in a bet on continued strong demand for the steelmaking commodity in Asia” writes Rhiannon Hoyle for marketwatch.com. SYDNEY–Rio Tinto PLC RIO shipped more iron ore from its Australian mining operations in 2018 as it increased output from its newest mine and worked others harder, and forecast a further rise in exports in the year ahead.Rio Tinto’s iron-ore production was aided by an ongoing productivity drive, good weather conditions and rising production from its new Silvergrass mine,…

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Crypto News Platforms 

IBM-Backed Blockchain Platform to Improve Supply Chain Management in Mining Industry

“The newly announced mining supply chain platform will be built on the cloud-based IBM Blockchain Platform powered by the Linux Foundation’s Hyperledger Fabric” writes Ana Alexandre for cointelegraph.com. Major tech firm IBM has partnered with MineHub Technologies to deliver a blockchain solution that will improve supply chain management in the mining and metals industry.MineHub is a company that uses technologies including blockchain to develop cost-saving applications for the metals and mining industry.These include excessive paperwork, manual data processing, and lack of transparency between supply chain parties.In September, Hong Kong-based jewelry…

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Crypto News 

Ford launches blockchain project to trace cobalt in the Congo

“Concerns have mounted around a practice known as artisanal mining, which often involves children mining for metals by hand” writes Hasan Chowdhury for telegraph.co.uk. Ford is preparing to clamp down on labour exploitation in the cobalt mines of the Democratic Republic of Congo by using blockchain technology to keep a record of supplies in the metal, a key ingredient for electric vehicle batteries.More than 60pc of the world’s cobalt is produced from the Congo, with mining giants such as Glencore operating in the country’s Katanga province. The likes of Glencore…

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Mining powerhouse Vale launches artificial intelligence center

“South American firm Vale, one of the world’s largest mining companies, has opened an artificial intelligence (AI) center at its Tubarao site in Vitoria, Brazil” writes Giles Barnard Construction for cnbc.com. If mining became more efficient, Gradl added, then commodity prices could remain stable and would not necessarily need to rise and fall.”If we make mining more efficient, people who work in mining should have safer jobs and more long-term jobs, because if you do efficient mining you can also extend the life of a mine,” Gradl told CNBC last…

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Crypto News 

Public Gets Chance to Earn Block Rewards by Donating Computing Power to Scientific Research

“Known as PoR for short, proof-of-research enables anyone to donate their computing power to scientific research projects, meaning that the electricity consumed is devoted to performing mathematical equations that further our understanding on issues with a real-world impact” writes Connor Blenkinsop for cointelegraph.com. The study revealed that activities connected with Bitcoin use up more energy in a year than the whole of Singapore. Source: cointelegraph.com

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Bitmain Temporarily Halts Texas Mining Operations

“Chinese mining giant Bitmain has put a pin in its Rockdale, Texas mining operations, according to reports from local news media outlet Texas Public Radio on January 10th” writes Rachel Mcintosh for financemagnates.com. Bloomberg also recently reported that Chinese mining equipment manufacturer Canaan Inc. is exploring holding an IPO in the United States.The decision to temporarily halt mining at Bitmain’s Texas facility apparently comes as a result of the massive decline in the cryptocurrency markets as a whole, declines that have greatly reduced mining profitability of Bitcoin and other cryptocurrencies.In…

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ETC Labs Introduces Dedicated Team to Focus on Core Ethereum Classic Projects

“Ethereum Classic Labs incubator has launched a new Ethereum Classic (ETC) development team ETC Labs Core” writes Ana Alexandre for cointelegraph.com. According to the announcement, the new team will be working on core ETC projects, supporting the coin’s blockchain and providing tools for decentralized application development, mining, and services. Source: cointelegraph.com

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