Hardware
Iran court orders the release of seized crypto mining equipment
Iranian authorities seized numerous crypto mining equipment over the past two years, citing stress on energy grids during winter. Now, a court ordered the release of crypto-mining equipment that was previously seized as a measure to conserve energy. Since 2021, Iran’s Organization for Collection and Sale of State-Owned Property (OCSSOP) has seized mining equipment — both authorized and unauthorized — due to looming power shortage concerns. However, the authorities had a change of heart amid winter as they ordered the release of the seizure. As explained by Abdolmajid Eshtehadi, the head of Iran’s Ministry of Economic Affairs and Finance: “Currently some 150,000 crypto mining equipment are held by the OCSSOP, a large part of which will be released following judicial rulings. Mach...
‘Father of the iPod’ helps Ledger create new cold crypto wallet
Hardware wallet provider Ledger, known for its cold-storage devices, announced its seventh crypto wallet in collaboration with the creator of the original iPod. Tony Fadell, the inventor of the iconic iPod Classic model, has partnered with Ledger to help the company design its latest wallet device known as Ledger Stax. The company broke the news on Dec. 6 at Ledger’s bi-annual Web3 developer event, Ledger Op3n, in Paris. Ledger’s upcoming new hardware wallet is a credit card-size device that features a large E Ink display, capacitive touch, Bluetooth support, wireless charging and more. For the first time in Ledger’s product line, Stax contains a curved E Ink display which can be used to show the holder’s name or other wallet information, just like a book spine. The device is a...
CleanSpark acquires mining facility in Georgia for $33 million
Crypto mining firm CleanSpark announced an agreement on Friday to acquire Mawson’s Bitcoin mining facility in Sandersville, Georgia for $33 million. The deal is anticipated to increase CleanSpark’s hash rate by 1.4 exahashes per second (EH/s) in the next few months, and to 7.0 EH/s by the end of next year. As part of the agreement, 6,468 last-generation mining ASICs will be purchased for $9.5 million, or $17 per terahash. “These machines, already operating at the acquired site, will add over 558 petahashes per second (PH/s) of computing power immediately upon closing,” the company explains. For the facility and miners, CleanSpark will pay up to $42.5 million, including up to $11 million in CleanSpark stocks and $4.5 million in earn-out commitments. The site in Georg...
Ledger reportedly seeking additional $100 million in funding
Having raised a mammoth $380 million funding at a $1.5 billion valuation in June, French cryptocurrency hardware wallet maker Ledger is looking to raise an extra $100 million, according to a Monday report from Bloomberg. In June, Ledger raised $380 million in a funding round led by 10T Holdings. Now, according to reports, the company is seeking an additional $100 million to help it continue its rapid expansion. Business is said to be thriving as investors seek cold storage for their cryptocurrency, according to sources quoted by Bloomberg. Hardware storage wallets from Ledger are a type of offline storage that isn’t connected to the internet, making them more secure against hacking than online wallets. This allows users to manage their own cryptocurrency without worrying about their ...
Bitcoin miner prices will continue to fall, F2Pool exec predicts
The price of cryptocurrency mining hardware is likely to continue falling in the near future amid the ongoing crypto winter, according to an executive at major Bitcoin (BTC) mining pool F2Pool. Supporting 14.3% of the BTC network, F2Pool is one of the world’s biggest Bitcoin mining pools. On Tuesday, F2Pool released its latest mining industry update. Focusing on June 2022 BTC mining results, F2Pool’s report noted that the majority of Bitcoin mining companies like Core Scientific have opted to sell their self-mined Bitcoin recently. Bitfarms, a major Canadian BTC mining firm, sold 3,000 Bitcoin, or almost 50% of its entire BTC stake for $62 million ito reduce its credit facility in June. “I have studied almost 10 publicly traded industrial miners and found that they are...
Global GPU price drops to compensate for falling Bitcoin mining revenue
As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15 million on July 4. However, a concurrent fall in graphic cards or GPU prices is set to help miners offset their operational costs amid an ongoing bear market. Bitcoin mining revenue fell 79.6% over a period of 9 months, ever since reaching an all-time high of $74.4 million on Oct. 25, 2021. In addition, a global chip shortage and the coronavirus pandemic shot up prices of the most important part of a mining rig — the graphics processing unit (GPU) — further impacting the miners’ bottom line. Bitcoin mining revenue over the past year. Source: Blockchain.com With card manufacturers resuming operations across the world, GPU prices...
Global GPU price drops to compensate for falling Bitcoin mining revenue
As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15 million on July 4. However, a concurrent fall in graphic cards or GPU prices is set to help miners offset their operational costs amid an ongoing bear market. Bitcoin mining revenue fell 79.6% over a period of 9 months, ever since reaching an all-time high of $74.4 million on Oct. 25, 2021. In addition, a global chip shortage and the coronavirus pandemic shot up prices of the most important part of a mining rig — the graphics processing unit (GPU) — further impacting the miners’ bottom line. Bitcoin mining revenue over the past year. Source: Blockchain.com With card manufacturers resuming operations across the world, GPU prices...
HMI – How People, Processes and Technology Work Together
When embarking on an industrial digitisation project, it’s important to consider how people, processes, and technology will work together. These three considerations are integrated in a somewhat symbiotic manner, which is why each should function optimally and compliment the other. A good example is IIoT; the technology promises secure access to a lot of data but is this data providing the right insight to people as opposed to burying them under a heap of information? Also, how do you ensure insights are delivered to workers whenever and wherever they need them, such as on the plant floor where they are working around production equipment. HMIs and Industrial Automation Enter Human-Machine Interfaces (HMIs); a technology developed to replace hard-wired pushbuttons and indicator lights with...
Lagos governor asks security agencies to crush criminals
Lagos State Government has tightened the noose on criminal elements, as Governor Babajide Sanwo-Olu fortifies the armoury of the State Police Command with new hardware and gadgets. One hundred and fifty units of double cabin vehicles, 30 patrol saloon cars, four high-capacity troop carriers and two anti-riot water cannon vehicles are part of the crime-fighting equipment donated to the police, yesterday, by the Lagos Government to strengthen security responses across the state. President Muhammadu Buhari took inventory and inaugurated the security equipment before Governor Sanwo-Olu handed over the gears to the Inspector-General of Police (IG), Mr. Alkali Usman, for the use of Lagos Police Command. The equipment and gadgets were procured through the Lagos State Security Trust Fund (LSSTF) –...
Sheikh Gumi: Fulani herdsmen were pushed into criminality
Islamic Cleric, Sheikh Ahmad Gumi, has maintained his position that some Fulani herdsmen were forced into criminality because they were victims of cattle rustling. Sheikh Gumi restated his position during an interview on Channels Television’s Politics Today on Monday. Sheikh Gumi said: “When I listened to them, I found out that it is a simple case of criminality which turned into banditry, which turned into ethnic war, and some genocide too behind the scene; people don’t know.” The cleric said that while “there is no excuse for any crime; nothing can justify crime, and they are committing crime,” the bandits were forced into criminality. “I think it is a population that is pushed by circumstances into criminality,” he said. “And this is what we should look, let’s remove the pressure, let’s...
Sheikh Gumi: Fulani herdsmen were pushed into criminality
Islamic Cleric, Sheikh Ahmad Gumi, has maintained his position that some Fulani herdsmen were forced into criminality because they were victims of cattle rustling. Sheikh Gumi restated his position during an interview on Channels Television’s Politics Today on Monday. Sheikh Gumi said: “When I listened to them, I found out that it is a simple case of criminality which turned into banditry, which turned into ethnic war, and some genocide too behind the scene; people don’t know.” The cleric said that while “there is no excuse for any crime; nothing can justify crime, and they are committing crime,” the bandits were forced into criminality. “I think it is a population that is pushed by circumstances into criminality,” he said. “And this is what we should look, let’s remove the pressure, let’s...
IK Multimedia Unveils New AXE I/O SOLO Guitar Interface and T-RackS Space Delay Plug-In
IK Multimedia has rolled out a pair of products that will appeal to guitarists looking to cut new tracks in their home studio. The AXE I/O SOLO allows you to interface your electric guitar with your computer or recording device, and the T-RackS Space Delay plug-in offers new production effects. The latest in IK’s AXE I/O line, the SOLO is true to its name — perfect for plugging in your guitar and getting results fast. It can power and ampilfy both a line or XLR input via IK’s Class A PURE mic preamp. In layman’s terms, it means you can use it as a pre-amp for guitars and other instruments, as well as XLR microphones. But as a guitarists’ tool, the SOLO excels, providing what IK calls “tone shaping.” This allows for a single instrument to emit a wide range of tones, which can be dialed...
