The crypto mining equipment company is having difficulty paying its bills Bitmain, a manufacturer of Bitcoin application-specific integrated circuits (ASIC), has suspended paying employee salaries for September and later. Multiple Bitmain employees familiar with the matter have cited that the firm has allegedly cut all staff “bonuses and incentives” and hasn’t paid wages due since
Tag: mining
Dropbox cancels unlimited storage, blames cryptocurrency miners for hogging bandwidth
The cloud storage service believes crypto miners are taking advantage of its generosity Dropbox has switched its platform to metered storage after recently discovering its Advanced plan was utilized for resources-intensive tasks like crypto mining. In a blog post on August 24, the online storage platform said its unlimited Advanced plan has instead shifted to
New AI-driven algorithms improve cryptocurrency mining, according to researchers
Cryptocurrency miners may be able to improve their efforts using artificial intelligence Francesco Gardin, the CEO of Quantum Blockchain Technologies (QBT), recently announced in an interview with Cointelegraph that the UK research company is revolutionizing cryptocurrency mining through artificial intelligence (AI). It has reportedly developed AI-powered search algorithms that could significantly increase the winning probability