Miners Hive Blockchain Technologies, Hut 8 Preparation for the Ethereum Merge
Miners Hive Blockchain Technologies, Hut 8 Preparation for the Ethereum Merge
- According to the research manager of Valkyrie Investments, new coin chopes like Hive are likely to consider the reduction of ETC and ETHPOW
- hut 8 mining ready to swirl 180 GPUs, reduce ether to focus on artificial intelligence, machine learning and rendering visual effects
Hive Blockchain Technologies plans to optimize its Ethereum mining capabilities, since the transition of the blockchain from the Proof-of-Work to Proof-of-Stake quickly gets closer.
The company based in Vancouver tries to optimize its mining capacity of 6.5 Terahashes Ethereum, while the transition is emerging, . Hive has started analysis of the digging of other coins with its fleet of graphics processors (GPUS) and carries out beta tests this week.
The company did not answer immediately to a request for comment.
Josh Olszewicz, research manager at the crypto fund manager Valkyrie Investments, Blockworks said that Miner is probably considering changing to Ethereum Classic (etc), ETHPOW or other proof-of work chains.
"Ethash [Application-Specific Integrated Circuits] (ASIC) -Miner have started to switch to etc. because it is better to make fewer profits than none," he said. "GPU miners who are unable to compete with ASIC miners will probably switch to the Ethpow fork if this is the case."
However,GPU-Miner have greater flexibility compared to ASIC miners, what you can break down, said Olszewicz.
The approximately 38,000 NVIDIA GPU cards from Hive-including the A4000, A5000, A6000 and A40 models-make up about 2.8 Terahashes of the Ethereum Hashrats of the company.
"These cards can be used for cloud computing and AI applications and rendering for technical applications as well as for the scientific modeling of fluid dynamics," said the company in a statement.
Part of the A40 GPU cards are used as part of a pilot program in one of its data centers for cloud computing, the crypto miner added.
Hive Blockchain Technologies dismantled 821 Bitcoin and 7,675 Ether in the second quarter of the year, the company reported last month. The overall production of digital currencies rose from quarter to quarter by 7 %, since 4 % more Bitcoin and 20 % more ether were produced.
The company said that it sold ether to finance the expansion of its Bitcoin mining program with ASICS of the new generation. His ETH position fell from 25,000 ETH to 5,100 ETH on August 31. The company held 3,258 BTC on this day.
meanwhile hut 8 mining said A corporate declaration of Tuesday Nvidia-GPUS installed in his data center in British Columbia.
The machines that are currently reducing ether are designed in such a way that they are turning to offer customers services for artificial intelligence, machine learning or visual effects.
"We are observing the preparations for the Ethereum merges very precisely and continues to focus on enlarging our Bitcoin stack and at the same time building up a high-performance computing infrastructure to support the future of the ecosystem of digital assets," a spokesman for HUT 8 told Blockworks.
Hut 8 generated 375 bitcoins in August and held 8,111 Btc.
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The contribution Miners Hive Blockchain Technologies, Hut 8 Prep for Ethereum Merge is not a financial advice.
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