Category: Digital Asset Mining

Categories
Crypto News Digital Asset Mining Mining

Norwegian Billionaire Invests in Energy-Saving Crypto Supercomputer Mining Startup

Billionaire hedge fund manager Ole Andreas Halvorsen, currently Norway’s fourth richest man, has invested in Harmonychain. The company is currently developing application-specific integrated circuit (ASIC) mining chips that are allegedly 300% – 500% more energy efficient than existing chips.

Norwegian Investors Show Interest In Crypto

A report from local broadcaster, Trijo News, shows that when Harmonychain announced they would be listing on Oslo Stock Exchange’s OTC list (a marketplace for unlisted shares). It was followed by announcements that Halvorsen (currently 11th top-earning hedge fund manager in the world), former cross-country skiing star Bjørn Dæhlie, and stock trader and supercar collector Arne Fredly have invested in the crypto company.

Since Bitcoin electricity consumption has been under much scrutiny, there seems to be a call for more sustainable methods to keep blockchain technology running. And we’ve seen Ethereum move towards being 99% more eco-friendly with the introduction of PoS.

Harmonychain’s ASIC Miner to Launch Late 2022

The Harmonychain website states that:

Currently, Crypto mining consumes a lot of energy. Our microchips are designed to be up to 300%-500% more efficient than current chips, reducing computer energy use by 70-80%, all other things equal.

The startup believes that their “Crypto Supercomputer miner” will be the most profitable mining hardware upon its release in 2022 and 2023.

Hardware specs of the Supercomputer Chip

The company is going to offer two Supercomputer chips, one tailored toward Bitcoin and the other toward Litecoin both aim to reduce energy costs of mining among other things. The Litecoin chip is Scrypt, meaning that it is dedicated to mining the digital asset Litecoin (LTC) and other Scrypt-based coins. The other focuses only on processes associated with Bitcoin.

According to industry standard, customers can expect to prepay approx. 9-12 months prior to delivery. The Supercomputer is poised to be the most profitable Crypto hardware on the market. Our Crypto Supercomputer miners have an estimated payback of less than 2 years.

With another competitor soon to be part of the blockchain specific semiconductor market, the mining industry it seems is set for a boom in research and development. And some see Halvorsen joining the fray as positive news for the crypto sphere.

Categories
Crypto News Digital Asset Mining Mining

AMD In The Race for Crypto GPU Market Share

With the current bull-run in the crypto market there has been a large increase in crypto mining activities. And as it stands AMD wants to get into the crypto mining market with a GPU specifically made for mining Ethereum.

AMD’s old, new GPU

The AMD Navi 10 & 12, originally only made for Apple Macbook Pro could become the company’s first mining-specific GPU. The card has no video outputs and doesn’t support VCN (Video Core Next) which is needed for gaming. AMD also plans to introduce new architecture and repurpose these cards to combat Nvidia’s similar market offering in an attempt to gain a share of the crypto mining market.

CPU Radiating AMD – pixabay

Nvidia Takes the Side of Gamers

Recently Nvidia announced that they will be adding limiters to their gaming specific GPUs like the RTX 3060 and new RTX 3080Ti. These irremovable limiters activate when specific parts of the Ethereum mining algorithm are detected, then reduces the hash rate by 50%, making it wildly inefficient to mine with them. This move is mainly aimed at Ethereum miners, which means miners could still use them for other coins without worrying about the limiters.

Last week we announced a new line of NVIDIA CMPs or cryptomining processors. Shipments will start in March.

Nvidia on PC Gamer

Due to the demand for graphics cards globally (not just for mining) there is a shortage in supply, which in turn is pushing up prices. This is one of the reasons Nvidia and AMD have decided to sell dedicated mining GPUs.

(Source: CuttingEdgeGamer)

Since the pandemic began there has been a surge of people playing games, with hours played on Steam increasing by 50%, this means there are a few new gamers out there who needed GPUs.

Bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed. Companies such as Canaan Creative have placed significantly sized mining rig orders while other companies like Bitmain are completely sold out.

Global Times

An important thing to remember is that with the coming Ethereum hard fork the network is beginning its migration over to PoS, and should be completed by 2022. This means that miners will need to move to Bitcoin or any other PoW powered coin in order to mine for profits.

A person would be very foolish to invest in a high-end, power consuming GPU for crypto mining today.

TechRadar
Categories
Australia Bitcoin Mining Digital Asset Mining

Crypto Mining Rig Manufacturer Prepares To Launch Trading Platform

Back in October of 2020, China-based cryptocurrency mining machine producer Ebang established a full subsidiary in Australia, hoping to not limit themselves to crypto hardware exclusively. 

Australian Financial License Pending

Immediately after establishing an Australian subsidiary, the company set its sights on an Australian financial license. 

In recent years, China has been cracking down on cryptocurrency exchange platforms, a measure that tends to give investors cold feet. This prompted many China-based crypto exchanges to look for greener pastures, generally within the APAC region. 

Although Hong Kong used to be the main place to relocate for crypto firms, a combination of turmoil in Hong Kong and interest in fintechs by the Australian government has made Australia a prime location for crypto businesses looking for a new base of operations.

Mr. Dong Hu – the Chairman and CEO of Ebang International Holdings – stated that the interest in the Australian market comes in the wake of the special attention given to blockchain technology across Australia, both by the private sector and the government.

“We are pleased to announce that the Company has established its presence in Australia in furtherance of our strategies to launch a comprehensive blockchain-enabled financial business and capture the growth opportunity along the value chain of the blockchain industry. We are currently applying for the Australian financial service license in preparation for our global expansion.”

Yesterday, Ebang followed up on their previous press release, stating that they are looking to launch within the first quarter of the 2021 fiscal year. 

Not many details have been shared about the tentative launch – except that it will not operate within mainland China at all. 
Although it is not clear whether the financial license requested by the company has been granted yet, the press release indicates that all procedures are at least well on track.

Categories
Cryptocurrencies Digital Asset Mining Mining

Uniswap Trader Accidentally Pays Thousands For A Relatively Small Transaction

 Although not as serious as the time over AUD 6 million in fees were paid out for a little over AUD 100 thousand, a Uniswap user recently made a comparably large blunder.

Human Error

When facilitating a transaction on the Ethereum blockchain, miners are paid a fee for their effort – some to cover the cost of electricity resulting from the use of processing power, and some as profit. The cost of the transaction is referred to as “gas” and is measured in Gwei.

Although miner fees have been rising in recent months, the current average price is 0.0022 ETH – AUD 1.47 at the time this article was written.

In order to have their transaction prioritized, the person requesting the transaction can manually increase the miner fee. However, this leaves the door open for typos and other errors – such as the one made by a trader who goes by the alias “ProudBitcoiner” on Reddit.

While exchanging 0.2955 wrapped Ether (WETH) for 531 chi gas tokens (CHI) – an amount worth about 164 AUD – the trader accidentally paid 23.5172 ETH – worth almost AUD 13.5 thousand.

The trader stated in his Reddit post that the error arose when he mistakenly entered 200,000 in the “Gas Price” field instead of the “Gas Limit” field. The gas limit is the maximum amount of gas that can be used in a transaction on the Ethereum blockchain.

Although in the past miners have agreed to send back some or all of the money – such as when Sparkpool returned half of an accidental USD 300,000 fee to the sender – the decision to return the funds is ultimately up to the miner.

In the Reddit post, the unfortunate crypto trader stated that he had contacted the mining platform and was hoping to hear back from them.

Categories
Digital Asset Mining Investing NGS Crypto

NGS Crypto – Monthly News Recap October 2020

This is our monthly Partners news recap for NGS Crypto to keep you updated on what’s been happening with them this month and what they have upcoming.

NGS Crypto Monthly Update – October 2020

October has been a very successful month for NGS Crypto, especially for our Self Managed Superannuation sector.

Quarterly Industry Superannuation statements have been issued across the board.

NGS Crypto has outperformed industry superannuation companies, continuing to deliver fantastic results for our members.

Performance results from 2019/2020 for our Self Managed Superannuation NGS Crypto members, saw them make a 19% ROI.

Now is a great time to look at your current superannuation and how it is performing against other superannuation options.

Self-Managed Superannuation

With industry superannuation’s underperforming across the board, now is a great time to take advantage of your options.

For a limited time NGS Crypto is offering a free, no obligation superannuation health check with our highly accredited and professional Financial Advisory team, valued at over $500.00.

Moving away from traditional investment vehicles, which are struggling to return single digit returns, has proven to be very successful.

Global organisations such as JP Morgan have moved to digital assets, holding Bitcoin (BTC) as a reserve asset. PayPal and Australia Post are too now adopting BTC and Digital Assets as a safe and reliable form of local and cross border payment options for their global customers.

Smart money is now moving into digital assets such as BTC and Gold.

It is no surprise that NGS Crypto has delivered outstanding results through Digital Asset mining and accumulation of hard assets like Bitcoin, which has a limited supply.

Find out how NGS Crypto members are achieving upwards of 10% – 15% ROI p/a

NGS Crypto

Australia’s leading Digital Asset Mining specialists, providing a safe, stable and reliable investment vehicle. Hundreds of everyday Australians are taking advantage of the NGS Crypto service, entering into the digital asset mining space and making returns between 10% – 15% ROI p/a.

Website:  https://ngscrypto.com/
Facebook: https://www.facebook.com/ngscryptomining
Twitter: https://twitter.com/ngscrypto1
Instagram: @ngscrypto_mining
LinkedIn: https://www.linkedin.com/company/ngs-crypto

Categories
Bitcoin Mining Digital Asset Mining Payments

AMD Might Be Hopping Back On The Crypto Mining Hype Train

It’s been quite a week for cryptocurrency miners and investors alike. A new bullish trend focusing on Bitcoin has taken the main cryptocurrency to its highest point in almost a year — it’s passed $18,400 AUD so far. 

The bombshell that started the growth trend was PayPal announcing that they are getting into cryptocurrencies, launching the payment option in the USA, and planning to roll it out to Europe and Australia — among other locations — starting in 2021. 

Just 2 days later, a source that requested to remain anonymous revealed that PayPal is in talks with Bitcoin custodian BitGo —  a company valued at USD 178 million — backed by world-renowned financiers such as Goldman Sachs, Valor Equity Partners, and Founders Fund. 

The source also revealed that PayPal seems intent on buying another crypto custodian if the deal can’t be hashed out, indicating that this wasn’t a decision made on a whim. 

Interest In Mining Picks Up Again

Meanwhile, Ebang International Holdings — a company specializing in professional crypto mining rigs — just established a subsidiary in Australia, and are currently waiting for a financial license from the authorities before opening up. 

Cryptocurrency mining rigs can be prohibitively expensive for the budding crypto enthusiast — and the reason why many turn to online mining platform solutions.

A few years back, however, the majority of cryptocurrency enthusiasts mined digital currency using the graphics card in their own desktop. Although they weren’t able to keep up with the higher cost of electricity needed to mine, some continued the practice —  and for them, AMD might have an ace up the sleeve. 

Next week, the AMD Radeon RX 6000 “Big Navi” graphics cards tech specs should be unveiled. 

Data mining has revealed a “navi10 blockchain SKU” while looking through the Linux drivers for the new graphics card, hinting at a dedicated cryptocurrency mining GPU for personal use —  or at least support for this use of hardware generally reserved for gaming. 

With the emergence of a world-class mining rig producer on the Australian market, the renewed interest by payment-processing juggernauts, and more, crypto investors will probably be coming into the spotlight far more than previously.

Categories
Australia Cryptocurrencies Digital Asset Mining Industries

Ebang Establishes Australian Subsidiary

On the 22nd of October, Ebang International Holdings Inc. established a full subsidiary in Australia. This is part of the company’s growth strategy, as they prepare to launch a Digital Asset Financial Service Platform to go with their hardware.

A Crypto Mining Hardware Company

Ebang International specializes in cryptocurrency mining rigs, and had a good run at the top of the cryptocurrency mining rig market in 2019.

A cryptocurrency mining rig is a setup used to mine cryptocurrencies using hardware generally used for PCs – with a twist. DIY mining rigs are generally composed of up to eight GPUs inside a case that keeps them cool. However, companies such as Ebang build professional mining rigs from scratch, often outclassing home-made mining rigs.

  After enjoying a growth period due to constantly rising sales, Ebang has decided to no longer limit themselves to hardware – and are hoping to launch their own financial service platform as soon as possible.

Mr. Dong Hu – the Chairman and CEO of Ebang International Holdings – stated that the interest in the Australian market comes in the wake of successful investments into blockchain technology across Australia, both by the private sector and the government.

“We are pleased to announce that the Company has established its presence in Australia in furtherance of our strategies to launch a comprehensive blockchain-enabled financial business and capture the growth opportunity along the value chain of the blockchain industry. We are currently applying for the Australian financial service license in preparation for our global expansion.”

Ebang has applied for the license necessary to run a financial business in Australia and is currently waiting for approval by Australian financial authorities.  

Categories
Bitcoin Mining Digital Asset Mining Investing NGS Crypto

Multi-Coin Digital Asset Mining Could Catapult Institutional Investors Portfolios

Following Square Inc’s recent purchase of $50 million dollars worth of Bitcoin, we are starting to see large investors diversifying their portfolios with the addition of Cryptocurrency.

Square’s reported assets in 2019 totalled over $4.5 Billion so it’s a dip in the water for them, but more institutions are expected to follow. And according to a recent report by Fidelity 36% of large investors already hold Bitcoin in their portfolios.

Large Investors are buying Gold and Bitcoin

Also recently, Jason Urban former Goldman Institutional Trader stated that large investors now buying Bitcoin and Gold at same pace.

“As someone dealing in the institutional space, the same people that I see buying gold and other precious metals are also buying Bitcoin and they’re doing it simultaneously and they’re doing it in equal amounts currently.”

DrawBridge Lending CEO Jason Urban

Why Multi-Coin Digital Asset Mining?

While you can buy Bitcoin outright, it has been proven that Bitcoin mining is far less risky and much less volatile option to diversify your portfolio.

Multi-coin mining also spreads your risk and volatility across multiple popular digital assets including Ethereum (ETH), Litecoin (LTC), Zcash (ZEC) and others. Essentially by adjusting the mining focus based on the rewards and difficulty of the coin to get optimised profit.

The Catapult for Institutional Investors into Bitcoin

Big names in business and crypto are predicting a wave of institutional investment for Bitcoin following Squares $50 Million purchase in October 2020.

First, it was @michael_saylor and publicly traded @MicroStrategy buying $425million of #Bitcoin. Today, it is @jack and @square buying $50million of bitcoin. Tomorrow, it will be another visionary leader, and another, and another…the tsunami is coming

Tyler Winklevoss – Gemini CEO and Bitcoin billionaire

Institutional Investors in Australia

Cryptocurrency mining for Institutional Investors in Australia is provided by NGS Crypto. They offer investments upwards of $1 million USD in a multi-coin digital asset mining programs, which return up to 15% yearly* on investment and 100% full return of upfront cost after 36-month term. *See their website for full terms and conditions.

Categories
Digital Asset Mining Mining NGS Crypto

Australians Can Now Get Exposure to Cryptocurrency Through Blockchain Mining Investments

What happens when you combine a lot of time at home to contemplate investment options and a growing population of tech-savvy Aussies?

Data published by RMIT this summer shows that the result of such a combination is a steep increase in cryptocurrency investments. Australia’s RMIT University insights reveal that during the COVID-19 lockdown instituted between the 23rd of January and the 15th of May, cryptocurrency trading in Australia witnessed an increase in volume.

Trading Has Its Risks 

Although trading cryptocurrency is a good way to rack up some funds, crypto trading is not always the best long-term investment. The crypto trading market often suffers much bigger fluctuations than even the stock market — and not everybody has the time or disposable assets to monitor prices day in and day out. 

For those looking to get in on the cryptocurrency market without risking too much, there is a second option – cryptocurrency mining. 

A few years ago, mining was the main way people made money with crypto — however, as the difficulty of the equations used in mining, this method fell out of favour with most people, due to the electricity and PC component bill at the end of each month. With fewer tokens being mined for more resource expenditure, mining became almost exclusively the domain of people with huge mining rigs already set up. 

Luckily, you can have those people mine for you. NGS Crypto is a 100% Aussie-owned crypto mining platform that aims to help individual investors identify cryptocurrency mining investment opportunities. 

By taking advantage of the expertise provided by NGS Crypto employees, you can invest in cryptocurrency while maintaining a high Return On Investment (ROI) rate — all while avoiding the various pitfalls associated with trading or mining with your own resources.

Each time a cryptocurrency transaction is made, a cryptocurrency miner (NGS Crypto) is responsible for ensuring the authenticity of information and updating the Blockchain with the transaction — and at the end of the month, passing you your dividends. 

If you’d like to learn more about how to make low-risk cryptocurrency investments through your local Aussie business, you can always reach an NGS Crypto expert for a quick, no-strings-attached chat. 

Categories
Bitcoin Mining Digital Asset Mining Mining NGS Crypto

NGS Crypto – Monthly Partners Update September 2020

September has been a very successful month for NSG Crypto. We have some new investment options that are now available which we are very excited to share with you, and a very enthusing partnership with Australia’s leading crypto news platform.

Introduction of our New 3,4 and 5-Year Mortgage Holiday Plan Through Digital Asset Mining

Through our NGS Crypto Mortgage Holiday packages you have the opportunity to continue your mortgage holiday.

We are excited to announce that we have launched our new 3,4 and 5-year mortgage holiday plans through digital asset mining.

Go directly to our sliding scale tool on the NGS Crypto website.

Free Up Your Current Income To:

  • Pay off your mortgage sooner
  • Re-invest into your own business
  • Build a stable and reliable income to increase your borrowing capacity   for future investments
  • Increase your current standard of living
  • Fund your retirement
  • Pay off personal debts sooner

Utilising Your Self Managed Superannuation

Many NGS Crypto members have already utilised their Self Managed Superannuation funds into the NGS Crypto service.

Currently most superannuation funds are only achieving a 5%-7% return, with some funds even experiencing zero or negative returns.

Through NGS Crypto you have the ability to be earning 10% – 15% ROI per annum on your superannuation.

NGS Crypto is outperforming all other major superannuation companies.

Partnership With Crypto News Australia

We are very excited to announce we have partnered with Crypto News Australia, Australia’s leading online crypto news platform.

This is a great step forward in the right direction ensuring we are always growing in order to bring you the most up to date crypto news.

All of our NGS Crypto news articles will now be accessible to read directly from the Crypto News Australia online platform.

NGS Crypto

Australia’s leading investment institution focused on delivering the best synergy of encrypted currency investing. We are in the business of helping individuals and institutional investors identify cryptocurrency mining investment opportunities.

Website:  https://ngscrypto.com/
Facebook: https://www.facebook.com/ngscryptomining
Twitter: https://twitter.com/ngscrypto1
Instagram: @ngscrypto_mining
LinkedIn: https://www.linkedin.com/company/ngs-crypto