Hello Pal, a Canadian social platform has said that its website suffered a temporary outage back in February. According to a press release issued by the company on Thursday, the incident occurred shortly after it announced significant investments in Dogecoin (DOGE) and Litecoin (LTC) mining. At the time, Hello Pal outlined the acquisition of a 15% stake in a Dogecoin and Litecoin mining facility. According to reports, the mining farm in question is the largest in the world dedicated to mining DOGE and LTC with a capacity of 70 megawatts and housing over 90,000 rigs. Also, the social platform revealed …

Simon Byrne has taken at-home crypto mining to a whole new level as he looks to capitalize on Ethereum’s (ETH) potential. As first reported by Anthony Garreffa, Byrne has set up an ETH mining rig consisting of 78 GeForce RTX 3080 graphics cards. Although the RTX 3080 is marketed toward high-end PC gamers, crypto miners are using these powerful specs to enhance their capabilities. With each card using roughly 300W of power, Byrne’s setup uses 23.4KW of energy. And that doesn’t even factor in associated costs like AC. All said, his electricity bill is estimated to run up to around …

Bitcoin (BTC) mining continues to ramp up following the successful May 11 halving, but growing industry concentration could undermine the “democratization of hash rate,” according to a panel presentation at this year’s Mining and Investment Summit. Hosted by Matrixport and sponsored by Bitmain, the 2020 Mining and Investment Summit was held virtually Tuesday morning, bringing together the "leading companies in the fields of cryptocurrency mining and digital asset financial services.” In a presentation called “Bringing Bitcoin Mining to a Broader Market,” Thomas Heller of HASHR8 provided an update on the mining industry, including trends in ASIC demand. Heller indicated that …