The price of a single Bitcoin has officially passed 100,000 US Dollar, making it a new record for the first implementation of digital cryptocurrency. The surge above 100,000 US Dollars comes a few hours after Jerome Powell, Chair of the Federal Reserve of the United States, made comments that "people use Bitcoin as a speculative asset. It's like gold, it's just like gold—only it's virtual, it's digital." At the time of writing, the price of Bitcoin is equivalent to 102,725 US Dollars, with market capitalization of 2.04 trillion US Dollars. Interestingly, at an all time high range, Bitcoin managed to hit the $103,587 point, which is a bit higher than the current price.

At TechPowerUp, we made numerous posts about Bitcoin, and we recall celebrating its jump to $20,000 in 2020. Today's pricing makes it hard to believe just how far the cryptocurrency has managed to go, with large institutions launching their own crypto-tracking ETFs.

D-Central Technologies proudly announces the launch of its latest innovations in Bitcoin mining hardware, the Bitaxe Supra v401 and the NerdAxe Ultra. These cutting-edge devices are set to revolutionize the Bitcoin mining landscape with their advanced features and unparalleled performance.

"The latest Bitaxe Supra v401 and NerdAxe Ultra set a new standard in Bitcoin mining accessibility", Jonathan Bertrand, CEO, D-Central Technologies

Semiconductor industry research firm TechInsights said it has found that Samsung's 3 nm GAA (gate-all-around) process has been incorporated into the crypto miner ASIC (Whatsminer M56S++) from a Chinese manufacturer, MicroBT. In a Disruptive Technology Event Brief exclusively provided to DIGITIMES Asia, TechInsights points out that the significance of this development lies in the commercial utilization of GAA technology, which facilitates the scaling of transistors to 2 nm and beyond. "This development is crucial because it has the potential to enhance performance, improve energy efficiency, keep up with Moore's Law, and enable advanced applications," said TechInsights, identifying the MicroBT ASIC chip the first commercialized product using GAA technology in the industry.

But this would also reveal that Samsung is the foundry for MicroBT, using the 3 nm GAA process. DIGITIMES Research semiconductor analyst Eric Chen pointed out that Samsung indeed has started producing chips using the 3 nm GAA process, but the capacity is still small. "Getting revenues from shipment can be defined as 'commercialization', but ASIC is a relatively simple kind of chip to produce, in terms of architecture."

Earlier on in April keen-eyed users of macOS uncovered the presence of a strange document hidden deep within Apple's operating system directories. It turns out that this Easter egg was a digital copy of the original Bitcoin whitepaper, it is speculated that Apple engineers have been running a long term prank by stashing the manifesto inside of every released version of macOS since 2018 - which indicates that Mojave was the starting point. According to yesterday's 9to5Mac-published article the cryptocurrency whitepaper (said to be authored by mysterious figure Satoshi Nakamoto) has been removed from the latest macOS Ventura build - 13.4 beta 3 (made available to developers).

The initial discovery of the manifesto received significant press coverage, and it seems that Apple has chosen to send in the cleanup crew at some point in the weeks since then. The file was sat alongside miscellaneous assets in a folder relating to an Image Capture application. The internal tool "VirtualScanner.app" has also been removed from the latest macOS beta build. The 9to5Mac piece posits that Apple's engineers never intended to include the prototype image and document scanner app in any finalized operating system releases - hence the burying of the program's assets deep inside system files.

Today Intel announced that they would be discontinuing production of their Blockscale 1000 series of ASICs built for cryptocurrency mining. Blockscale was designed by the Custom Compute Group within what was Intel's AXG graphics division at the time, and launched to market back in April 2022 when the value of Bitcoin was still above $40K USD. Blockscale initially succeeded with efficiency and supply advantages over competing ASICs as Intel leveraged their manufacturing capacity to produce the chips, however the valuation of the crypto currency market experienced a major slump over the second half of 2022. Intel's AXG has also recently seen a major restructuring, though there have been no mentions of what the operable status is of the Custom Compute Group. Support for existing Blockscale customers is set to continue for some time. Intel has not announced any possible follow-up crypto ASIC generation, only saying, "We continue to monitor market opportunities."

Intel's Blockscale was rather late to the market as far as crypto mining ASICs go. Early mining ASICs began hitting the scene in mid-2012 as FPGAs started to reach their limits in efficiency, and investment funds began to funnel into crypto startups. Intel's interest in cryptocurrency hardware lagged behind even their contemporaries at NVIDIA and AMD, both of which had crypto-focused variants of consumer GPUs on the market as early as 2017 during the first major mining-induced hardware shortages. Intel hasn't mentioned whether the timing of Blockscale contributed to its short shelf life, but Bitcoin is on its way back up after the recent slump, shooting up to around $30K USD just prior to Intel's announcement.

Even as the price of Bitcoin and cryptocurrency in general tumbled some 60% in as many months, miners don't seem to be winding down their efforts at all. In fact, in what could be seen as a doubling-down in the value of crypto, miners have been seemingly investing in both more powerful and more power-efficient rigs. While mining rig prices too have tumbled along with crypto prices, these aren't small investments at all. Yet according to JPMorgan, they have allowed miners to decrease the average cost of mining a single Bitcoin down to $13,000 from its $24,000 average just a month ago.

The $13,000 figure is the lowest since September 2021. Remember that Bitcoin mining costs are affected not just by energy prices, but also by the amount of hash power available to the network, which automatically changes its mining difficulty to cater to higher (or lower) miner demand. And as energy prices have increased, miners have been taking less power-efficient rigs offline, which would cut into their profits - explaining the reduction in overall hash rate.

A new, $5 million-backed campaign aims to increase awareness for Bitcoin's elevated energy expenditure - and aims to put pressure on a technological change that reduces its energy consumption and carbon impact. Funded by Ripple Labs co-founder Chris Larsen, the campaign, titled "Change the Code, Not the Climate" aims to increase awareness of technological solutions that could replace Bitcoin's expensive Proof of Work security model. A model that has seen power usage for transactions on the cryptocurrency hit historic highs in 2021, averaging an estimated 204 TWh power consumption for the year - around the same energy consumption as that of 70 million-citizen Thailand.

The campaign particularly calls for a change towards Proof of Stake, a transaction validation method that could reduce Bitcoin's energy consumption footprint by 99%. Of course, actually implementing the changes themselves on the live Bitcoin blockchain wouldn't be so easy as simply flicking a metaphorical code switch: Ethereum's implementation of such a transition has taken years already - and this with a more modern, more flexible blockchain. Considering the success of implementation for smaller, more technical aspects of Bitcoin mining - such as Blockchain rewards - has already led to forks of the cryptocurrency. One can only imagine what would happen following such a fundamental shift in technology, blockchain security - and miner payout.

The most popular cryptocurrency by market-cap, Bitcoin, has dropped in value to below the USD $40,000-mark, to $38,429 as of this writing. This amounts to a whopping 43% drop in value from its November 2021 peak of roughly $67,600. Ethereum has also seen an 8% fall over the past 24 hours, as has the value of several other cryptocurrencies. While we won't get into the nuts and bolts of Bitcoin volatility or hand out any financial advice, this could have an impact on graphics card availability owing to a multitude of reasons.

As of this writing, we see the GeForce RTX 3080 commanding a scalper price of roughly $1,500 (brand new), for the LHR variant (lower crypto-mining performance), while non-LHR cards that are used, start around $1,900. If the fall in cryptocurrencies continues, we could see increased availability of used graphics cards from crypto miners, as gamers would be willing to buy a used RTX 30-series or RX 6000 series graphics card that's still within its warranty period (of 2 years).

Just a few days ago, we reported that Intel is preparing to unveil the company's first application-specific integrated circuit (ASIC) dedicated to mining cryptocurrency. To be more specific, Intel plans to show off its "Bonanza Mine" ASIC at the 2022 ISSCC Conference, describing the chip as "ultra low-voltage energy-efficient Bitcoin mining ASIC." We have yet to see how this competes with other industry-made ASICs like the ones from Bitmain. However, it seems like the startup company GRIID, valued at around $3.3 billion, thinks that the Bonanza Mine ASIC is the right choice and has entered a definitive supply agreement with Intel.

According to the S-4 filing, GRIID has "entered into a definitive supply contract with Intel to provide ASICs that we expect to fuel our growth. The initial order will supply units to be delivered in 2022 and GRIID will have access to a significant share of Intel's future production volumes." There are a few other mentions of Intel in the document, and you can see another exciting tidbit below.

Intel is reportedly looking to disrupt the cryptocurrency mining hardware business with fixed-function ASICs that either outperform GPUs, or end up with lower enough performance/Watt or performance/Dollar to take make GPUs unviable as a mining hardware option. The company is planning to unveil its first such product, codenamed "Bonanza Mine," an ASIC purpose-built for Bitcoin mining.

Since it's an ASIC, "Bonanza Mine" doesn't appear to be a re-purposed Xe-HPC processor, or even an FPGA that's been programmed to mine Bitcoin. It's a purpose-built piece of silicon. Intel will unveil "Bonanza Mine" at the 2022 ISSCC Conference. It describes the chip as being an "ultra low-voltage energy-efficient Bitcoin mining ASIC," putting power-guzzling GPUs on notice. If Intel can clinch Bitcoin with "Bonanza Lake," designing ASICs for other cryptocurrencies is straightforward. With demand from crypto-miners slashed, graphics cards will see a tremendous fall in value, forcing scalpers to cut prices.

BadgerDAO, "one of the most security-minded DAOs in operation", has been hit with a cryptocurrency heist enabled via a JavaScript hack on their website. BadgerDAO enables Bitcoin holders to "bridge" their cryptocurrency over to the smart-contract and DeFi-enabled Ethereum platform via its token, thus allowing access to the world of decentralized finance. After preliminary investigations aided by blockchain security and data analytics Peckshield, it seems that the bad actors inserted a malicious script in the BadgerDAO website - in turn intercepting Web 3.0 transactions and inserting a request to transfer the victim's tokens to the attacker's chosen address. It's currently estimated that around $120 million were siphoned off via this attack. A single transfer saw 896 Bitcoin being diverted this way - a cool $50 million.

As soon as BadgerDAO became aware of suspect wallet activity, the company immediately froze all smart contracts running in its platform - a way to stem the bleeding until the security audit could be conducted. Thursday night, BadgerDAO announced it had "retained data forensics experts Chainalysis to explore the full scale of the incident & authorities in both the US & Canada have been informed & Badger is cooperating fully with external investigations as well as proceeding with its own."

The United States has now become the leading country in cryptocurrency mining operations, following China's mining ban and subsequent exodus of its mining operators to less dangerous waters. According to figures published by the Cambridge Centre for Alternative Finance, US-based miners reached a 35.4% share in overall bitcoin hashrate in July this year - up 17% compared to April, and only a month after China's move to ban all domestic cryptocurrency mining operations. In the months since, China's Bitcoin hash rate control declined from 44% in May of this year down to 0% as early as July - a far cry from its September 2019 high, which saw the country hold around 75% of the global mining hashrate.

As is usually the case, one country's loss equates to another's "gain", and the same is true for mining operations following the China ban. The US may have become the biggest player in this particular court, but any country with cheap electricity that allows for profits increases is fair game. Countries like Kazakhstan went from 8% to 18% in the same period, claiming the current second spot in overall hashrate, while Russia has now claimed third place after reaching an 11% share - rising from 6.8% three months earlier. It remains to be seen whether these mining operation relocations will see the US face the same migratory phenomenons as China did back when mining wasn't banned: operators spent the dry season on regions like Xinjiang in late autumn, winter and spring, migrating to regions with significant temporary overcapacities in low-cost hydropower, like Sichuan, between May and October during the 'wet season'. The impact of this mining relocation to the US in its power delivery infrastructure (if any) remains to be fully understood.

The Chia coin, often dubbed Green Bitcoin, is a project that promised to be a green alternative to all of the previous attempts at creating a coin that can be mined. Using the Proof of Space (PoS) technique requires massive storage space and Chia plotting can destroy modern SSDs in a matter of weeks. However, the green disputes have been questioned widely, and the Chia coin is not considered so much of a green alternative anymore. From its peak of $1645, it has tumbled down by over 80% of that and it is now worth around $281 at the time of writing.

As these prices have declined a lot, miners are starting to look away from the coin and have started to resell their hardware. This massive SSD and HDD reselling has started to obtain new funds for miners to move to another alternative cryptocurrency. In the awe of this, some miners are rebranding their worn-out and used SSDs as brand new, and selling them in China advertising new conditions. As Chia plotting tends to destroy SSDs, it is only a matter of time before these "brand new" drives start failing. After China, we could see other markets flooded with these drives as well, so it is always best to be cautious with your purchase.

Crypto is going nuclear in the not so distant future, as US company Talen Energy revealed plans to construct a cryptomining data center in the immediate vicinity of the Susquehanna Steam Electric Station in Pennsylvania. Initial power consumption of the installation is expected to settle around 164 MW, with that figure climbing up to 300 MW once the infrastructure is complete - powered by dual 1+GW nuclear units and two independent substations. Talen Energy estimates maximum on-site power in the order of 1 GW.


The idea is to begin a narrative reversal around the environmental cost of cryptocurrency mining - if power is provided by cleaner technology, cryptocurrency mining's carbon footprint is bound to be reduced, in turn increasing attractiveness for environmentally-conscious businesses. Elon Musk, for one, made waves in both news outlets and cryptocurrency markets (and value) when he announced the decision for Tesla to cancel acceptance of Bitcoin as payment for its vehicles, citing environmental concerns regarding power sources keeping Bitcoin's blockchain secure. Another company, Energy Harbor Corp, announced a five-year collaboration with Standard Power to power its Bitcoin blockchain mining center in Coshocton, Ohio, starting December this year.

The biggest crypto scam ever recorded (so far, of course) has made investors lose some $3.6 billion. The scam was enacted by a pair of South African brothers, Ameer Cajee and his brother Raees Cajee, who funded crypto investment firm AfriCrypt in 2019. Another element of warning for all crypto investors, in that rug pulls can obviously be done years after the start of a project - so longevity and temporal maintenance of a given project shouldn't be the "be all, end all" of your due diligence when choosing where to invest your money into.

The story goes as follows: circle back to April 2021, when Bitcoin was at its peak value of around $62,000. That was when AfriCrypt's COO and current heist suspect Ameer Cajee informed users of the platform of a hack - and asked investor not to contact authorities or seek legal proceedings, saying that those actions might impede progress in dealing with its effects and recovery of the funds.

The cryptocurrency market is experiencing another major shakedown in pricing, with the overall crypto market valuation dropping by more than a trillion dollars in less than 24 hours. As of time of writing, leading cryptocurrency by market cap Bitcoin has lost more than 30% in value, dropping to $31,000. Ethereum is down by 40% to $2,424, and memecoin Dogecoin has fallen by 45% - one would think a memecoin would have had its value dropped to zero from the instant of its conception, but that's not the world we live in.

As the market tries to staunch the bleeding, major cryptocurrency platforms Coinbase and Binance are down, citing "network congestion" issues stemming from the unexpected volatility. As investors see their attempts to sell neutered by these network congestion issues, this seems like a way to reduce the amount of cryptocurrencies available in the market, which would feed the descending value cycle even more. Whether or not this is the bubble popping, it's yet another foundational shock to the trust that was already achieved by these platforms and the cryptocurrency market as a whole. How this will affect market availability and demand for graphics cards and hardware is anyone's guess, but even if it does, it'll take some time until we see availability in the main and secondary channels.

We saw the modified Nintendo Game Boy last month which could crank out Bitcoins at a blistering 0.8 hashes per second or ~125 trillion times slower than a modern Bitcoin ASIC miner. If you are searching for something a bit more modest than the Game Boy take a look at the Commodore 64 which has been modded to achieve a Bitcoin mining rate of 0.3 hashes per second. The Commodore 64 was released by IBM in 1982 featuring the MOS Technology 6510 processor clocked at 1.023 MHz and paired with 64 KB RAM and 20 KB ROM.

While the Commodore currently falls behind the Game Boy there is hope on the horizon with the creator of the program claiming a 10x performance improvement to over 3 hashes per second is possible by re-writing the code in machine language. The commodore 64 can be further upgraded with the SuperCPU upgrade which boosts mining speeds to over 60 hashes per second completely destroying the Game Boy but still falling just short of the latest ASIC miners at ~18,000,000,000,000 hashes per second. Obviously, this demonstration was not meant as a practical application but it is interesting to see how cryptocurrency mining can be implemented on older hardware and the amazing rate of technological advancement we have seen over the last 40 years.

Newegg, one of the leading tech-focused e-retailers in North America, today celebrates #DogeDay by announcing that the company now accepts Dogecoin as an official payment method on Newegg.com.

Newegg has been quick to embrace the shift to cryptocurrency. In 2014, the company was the first major e-retailer to accept Bitcoin for purchases made on the Newegg platform. Similarly, Newegg is among the first to enable customers to pay with Dogecoin while shopping online.

Nintendo's Game Boy handheld console was launched in 1989, making it 32 years old. Being widely regarded as the icon of handheld gaming, it was sold in millions and has been copied countless times. However, with some spare time and a crazy mind, the console has been modified to mine Bitcoin cryptocurrency. Yes, you are reading that right. An 8-bit console is mining the biggest and the most valuable cryptocurrency. An electronics enthusiast named "stacksmashing" has set himself a difficult task - to prove that the console can mine some Bitcoin, at any possible rate. And he has managed to prove it is possible, although with some modifications.

Given that the console lacks any connectivity options to the outside world due to its age, the modder had to use SPI (Serial Peripheral Interface) to connect the Game Boy with the Raspberry Pi, which had the task of connecting the Game Boy to the internet to mine some Bitcoin. Using the custom 8-bit Sharp LR35902 processor running at 4.19 MHz, the console is naturally not very powerful. Thus, it can not do any meaningful mining and to compare it to modern mining ASICs is just silly. However, it is interesting to see proof of concept and get to see some engineering fun. For more information, please check out the YouTube video here.

Ethereum mining has been a crazy ride over the years. In recent times, it has become very popular due to a huge surge in Ethereum prices, following those of the main coin currently present on the market - Bitcoin. However, Ethereum miners use a customized PC stocked with many graphics cards to mine the Ethereum coin. Any other alternative is not viable and graphics cards have a high hash rate of the KECCAK-256 hashing algorithm. But have you ever wondered could you mine Ethereum on your shiny new Apple M1-equipped Mac? Our guess is no, however, there are still some people making experiments with the new Apple M1 processor and testing its capabilities.

Software engineer Yifan Gu, working for Zensors, has found a way to use Apple's M1 GPU to mine Ethereum. Mr. Gu has ported Ethminer utility to Apple's macOS for Apple Silicon and has managed to get GPU mining the coins. While technically it was possible, the results were rather poor. The integrated GPU has managed to get only 2 MH/s of mining power, which is rather low compared to alternatives (desktop GPUs). Being possible doesn't mean it is a good idea. The software will consume all of the GPU power and it will limit your work with the GPU, so it isn't exactly a profitable solution.

Cryptocurrency has in the past few years gained a lot of popularity, mostly fueled by Bitcoin's rapid growth and its massive price increasing over time. Today, Bitcoin, the world's leading cryptocurrency, has managed to make history and broke the record of 50,000 USD. As of now, on February 17th at 07:00 UTC, Bitcoin has reached 50,452.60 USD value. What is driving the price up you must wonder? It is the market adoption of the currency. Tesla Inc. has invested 1.5 billion USD in Bitcoin as it intends to accept it as payment for its products. Next up is Mastercard, which is preparing to support cryptocurrency on its network. In addition to Mastercard, Apple is also preparing its services for cryptocurrency payments. Right now, the market cap of Bitcoin is $935,359,977,182 at the time of writing, just shy of one trillion USD.

During the 19th Annual J.P. Morgan Tech/Auto Forum Conference, NVIDIA has talked about the possibility of special graphics cards dedicated to mining purposes. The special edition crypto mining GPU is a form of graphics card that has no display outputs, and possibly a few defective texture units. Usually, GPUs that end up with defective texture units end up as waste, however, as crypto mining requires only the compute element from the GPU, these products could be rebranded as mining GPUs. But, it seems like NVIDIA is currently somewhere in the middle ground and weighing in whatever the company sees something like that as a feasible option.

During the conference, NVIDIA's Colette Kress, a chief financial officer, had said a few things about the possible production of GPUs dedicated to crypto mining. "If crypto demand begins or if we see a meaningful amount, we can also use that opportunity to restart the CMP [mining-specific GPUs] product line to address ongoing mining demand," said Ms. Kress. She added that "We [NVIDIA] don't have visibility on how much of the GeForce RTX 30-series end demand comes from mining. So, we don't believe it's a big part of our business today. Gaming demand is very strong, and we think that's larger than our current supply." And that is an understandable thing. Right now crypto mining is hot because of Bitcoin's price, however, NVIDIA can't predict if it will crash a lot or not, so the company doesn't want to risk starting a big production for something that can burst like a bubble.

Cryptocurrency market capitalization has now hit over $650 Billion, and that is mainly influenced by a single, most wide-spread currency on the network - Bitcoin. The Bitcoin (BTC) is the biggest cryptocurrency available, simply because it was the first one established and well designed. In its history, Bitcoin was priced anywhere from 0.1 cents to tens of thousands of US Dollars. However, in the recent soaring, the cryptocurrency has reached its peak value since it was created. Today, at around 09:14 UTC, the cryptocurrency has reached an astonishing value of 23,441.60 USD, making it a record high value. What is driving the price up and the reason for soaring is unknown, but it is a reflection of the market capitalization of cryptocurrency and its use, so it must mean that the BTC is getting more attention than ever.

This is a pretty high-profile heist, as heist come, since Binance is actually the rworld's biggest crypto exxchange in terms of traded volume. The act was reported by Binance as a well-conducted orchestra, with hackers using seemingly unconnected accounts at the most opportune time to achieve a single, high-value withdrawal of $41M (roughly 7,000 Bitcoin at current pricing) - only 2% of Binance's total value in their so-called "hot wallet".

The hackers also took away with several information on users' accounts: a large number of user API keys, 2FA codes, and "potentially other info" were taken besides the cool $41M in Bitcoin. Binance CEO Changpeng Zhao warned that the hackers could still be controlling enough relevant accounts that could allow them to influence pricing and make even more money.

Maybe the guys at ASUS haven't noticed it, but this is probably the worst time to announce an effort to promote cryptocurrency mining. The crypto market has fallen about 80% since its peak in 2017, and this November has been an special tough month for crypto investors with Bitcoin going under $4,000 for a few days. Miners are running away and a lot of people think the bubble is finally exploding. Companies such as GIGABYTE are suffering the consequences, but ASUS seems to be quite sure that the situation isn't that bad.

They have partnered with blockchain technology provider Quantumcloud and they will encourage users to use their idle GPUs to mine cryptocurrencies. Yeah, that's right. There are no details on what crypto currencies will be mined with Quantumcloud's software, but at least ASUS is letting now those potential users that they "won't get rich quick, but you can earn some easy money with your idle GPUs". In fact there's a disclaimer telling they do not "guarantee that users of its software will make any earnings or profit" and ASUS adds that users "are responsible for considering their own usage costs". Maybe a year ago this could have been a thing, but the idea seems really uncool right now.