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Intel Will Not Restrict Cryptocurrency Mining On New Arc GPUs

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Intel’s decision differs from the policy of its competitor – the largest developer of GPUs Nvidia, which limits the hash rate of its GPUs.


The manufacturer of central processing units and other microchips Intel intends to supply new Arc graphics processors (GPUs) to the market from 2022.

According to Roger Chandler, manager in charge of Intel’s client graphics products and solutions, Intel is not going to set limits on the mining of cryptocurrencies in the new Arc-series GPUs.

 

In an interview with Gadgets 360. he said:

“As far as like software lockouts and things of that nature, we’re not designing this product or building any features at this point that specifically targets miners.”

He added:

“As far as actions we’re taking to avoid or lock them out, it’s a product that will be in the market and people will be able to buy it. It’s not a priority for us.”

 

The lack of mining restrictions on Arc GPUs puts Intel on a par with chipmaker Advanced Micro Devices (AMD).

Intel’s common competitor, Nvidia, has imposed hash rate caps on their latest-generation flagship GeForce GPUs to make the product more accessible to gamers. However, earlier in 2021, Nvidia released a separate series of Cryptocurrency Mining Processors (CMPs) specifically for Ethereum miners. In parallel, Nvidia began shipping GPUs with reduced mining hash rates.





Graphics processors (GPUs) began to gradually fall in price this summer against the background of a decrease in the rate of Ethereum and the complexity of its mining.

Unsurprisingly, Q2 sales of chips for cryptocurrency mining fell short of Nvidia’s forecasts. Instead of the planned revenue of $400 million, the company earned only $266 million from the mining chips.

Coinbase Is launching Its Own NFT Marketplace

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Coinbase announced the launch of a marketplace for Non-Fungible Token (NFTs).


 

 

 

In the Coinbase NFT marketplace, users will be able to buy or sell NFTs. Coinbase has also stated that it will incorporate “social features” and touted its platform as being more user-friendly than other platforms.

Coinbase Blog Writes:

“Today, we’re announcing Coinbase NFT, a peer-to-peer marketplace that will make minting, purchasing, showcasing and discovering NFTs easier than ever. Just as Coinbase helped millions of people access Bitcoin for the first time in an easy and trusted way — we want to do the same for the NFTs.

We’re making NFTs more accessible by building user-friendly interfaces that put the complexity behind the scenes. We’re adding social features that open new avenues for conversation and discovery. And we’re going to grow the creator community exponentially, a win for artists and for fans.”

 

Coinbase has two strong competitors Binance and FTX. Binance as well as FTX both recently created their marketplaces for NFT. However, these exchange NFT marketplaces are just grumps in comparison to OpenSea which holds 97 percent of the NFT market. In the past month, OpenSea facilitated nearly $2.8 billion worth of NFT transactions, as per DappRadar.

SHIB Becomes Most Discussed Crypto On Twitter As SHIB Gets More Mentions Than Bitcoin, Ethereum, And DOGE On Twitter

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SHIB is the most commonly mentioned cryptocurrency among the top 10 coins on Twitter. It has overtaken DOGE, Bitcoin, and Ethereum in terms of mentions on Twitter.

Read: CoinGecko Data Shows SHIB Becomes Top 11 Coin, Just Behind DOGE At Number 10



A tweet by CoinTrendz claims that Shiba Inu (SHIB), a trending cryptocurrency, received more Twitter mentions per hour than Bitcoin, Ethereum, and Dogecoin.

 

 

SHIB received 419 mentions per hour. Crypto king Bitcoin garnered 307 mentions, putting it in second place. It was followed by Ethereum (mentioned 182 times), Anyswap (173 mentions), and DOGE (134 mentions).

Solana and Cardano are also on the list but far away from SHIB.




 

Read More On SHIB:

CoinGecko Data Shows SHIB Becomes Top 11 Coin, Just Behind DOGE At Number 10

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Trending Shiba Inu meme cryptocurrency has soared to the top 11 spot on CoinGecko with Dogecoin sitting on the top 10 positions.



According to the data provided by the CoinGecko market analytics website, the “DOGE killer” Shiba Inu (SHIB) has advanced as high as the top 11 spots on its cryptocurrency market cap scale.

Is Shiba Inu catching up with DOGE?

Dogecoin is sitting right in front of SHIB, holding position 10. The market cap of SHIB at the moment totals $15,586,261,716. Dogecoin’s market capitalization stands at $29,791,496,909.

 

shib at number 11

 

CoinMarketCap data shows a little different picture. As per CMC, SHIB is ranked 14 at the moment with a $12,297,213,384 market cap, while Dogecoin sits on spot 10 with its market capitalization value equaling $29,700,232,903.

At the time of writing this, SHIB is trading at $0.00003119, rising 14.49 percent in the past 24 hours.

 

SHIB rebounds after a major correction

This week, after falling in a massive correction, Shiba Inu started a reverse. Last week’s gains of the coin were also impressive as it gained over 300 percent and then lost around 40 percent. That has been the largest retrace in the token’s history so far.

The 300-percent rally was driven by an anonymous crypto whale who bought the first 6 trillion SHIB and then added to their position three other lumps, totaling 276 billion meme tokens.





SHIB has been drawing attention and investments of other whales as well, both recently, in August-September and back in May, when it reached an all-time high of $0.0000388.

At the moment, SHIB is trading at $0.00003135 – that is still 37.11 percent below its May historic peak.

Shiba Inu has been recently listed on Coinbase and the community now believes that the Robinhood app is preparing to start trading it as well. Listings on major platforms this year, such as eToro and Coinbase, have provoked a price growth of the coin.

Read More On SHIB:

 

JPMorgan CEO Again Calls Bitcoin “Worthless”, Edward Snowden Respond-BTC Up 7,000% Since JPMorgan CEO Called It A “Terrible Store of Value” in 2014

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The world’s most famous whistleblower Edward Snowden recently used the insulting term “OK Boomer” as an infuriating retaliation to JPMorgan Chief Executive Officer Jamie Dimon’s comments.



Dimon again hurts the Bitcoin community by calling Bitcoin “worthless.”

 

Edward Snowden responds:

 

Recently Jamie Dimon, CEO of JPMorgan has shown his dislike for Bitcoin. He stated that Bitcoin has no intrinsic value. He described it as “the fool’s gold of the future”. Jamie said, “it has no intrinsic value, and regulators are going to regulate the hell out of it.”

Read in Detail: JPMorgan CEO Says Bitcoin Has No Intrinsic Value

Jamie Dimon is trashing Bitcoin since the year 2014.

Jamie Dimon on BTC:

  • 2014: “terrible store of value”
  • 2015: “will not survive” “will be stopped”
  • 2016: “going nowhere”
  • 2017: “a fraud”
  • 2018: “don’t really give a shit”
  • 2019: [JPMCoin launch]
  • 2020: “not my cup of tea”
  • 2021: “I have no interest in it” “fool’s gold” “worthless”

Bitcoin has risen by a staggering 7,000 percent since Dimon described it as a “terrible store of value.” in 2014.




 

In recent months, Snowden has devoted much of his time to crypto on Twitter. Recently Snowden said that Government digital coins or Central bank digital currencies (CBDCs) are the newest threat that society faces, and these coins “pervert” the very nature of cryptocurrencies.

Read in Detail: Edward Snowden: Government Digital Coins (CBDCs) Are A Conspiracy Against Society, And Will Ransom Our Future 

Snowden also believes that China has made Bitcoin stronger by banning it many times.

Scammers Are Exploiting Personal Data Of El Salvadorians To Install Chivo Wallet And Get $30 Bonus In BTC

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El Salvadorians complain that scammers are using their personal data to install the Chivo cryptocurrency wallet in order to get a $30 bonus in bitcoins from the state.



According to ElSalvador.com, Many people have complained that their identity documents have been used to install the Chivo wallet without their knowledge.

It is believed that the scammers are trying to get $30 in BTC, which the El Salvadorian authorities distribute to all citizens who register the wallet for the first time.

 

Users fear that if hackers manage to steal their personal data, they will be able to use this information to commit crimes and money laundering. Economist Tatiana Marroquín shared his experience on Twitter when she decided to check if her data was used to install Chivo.

“I didn’t register with Chivo and so I download the app to my mobile phone to check it out. But when I tried to do it, it turned out that my account was already active. How can I be sure that the funds in this wallet are safe and not used for illegal purposes if someone can fake my data? How can we protect ourselves from possible consequences if our data has already been used to receive money from the state?”

 

Local civil rights organizations recommend that people whose personal information has been used without their consent register a complaint with the Attorney General of the Republic of El Salvador and also contact Chivo technical support. If affected users do not receive a timely response from technical support, they should contact the Consumer Protection Agency.




 

Recall that after the legalization of bitcoin in El Salvador and the launch of the Chivo wallet, the citizens of the country complained about registration problems.

However, at the end of September, President Nayib Bukele announced that the Chivo app was being used by more than 2.1 million people.

Read more On El Salvador

 

100 Years Ago Henry Ford Envisioned Bitcoin As Unique “Energy Currency” That Could Stop Wars

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A century ago, Henry Ford, one of the world’s most remembered entrepreneurs, presented an idea that he intended to trade gold for an energy-based currency.

Read: Edward Snowden: Government Digital Coins (CBDCs) Are A Conspiracy Against Society, And Will Ransom Our Future



His motivation was very simple, to end wars and take power away from the banks that control the game.

Henry Ford’s idea was first published in the New York Tribune on December 3, 1921. The headline of the article reads “Ford Would Replace Gold With Energy Currency And End Wars.”

ford idea of bitcoin as energy currency

 

The famous creator of the Ford Motor Company theorized that the currency could be powered by kilowatt-hours (kWh) similar to the method that electricity is utilized to mine bitcoins.

Henry Ford was well ahead of his time. Ford’s idea was very similar to the one mentioned in the Bitcoin white paper. Ford even came up with a location to present his idea at Muscle Shoals Dam. The wild and dangerous part of the Tennessee River, Muscle Shoals generates lots of energy since the dam is a source of power, flood control, and freshwater.

Read: El Salvador’s President Shows First Steps Of Building The Most Awaited Volcanic Geothermal Bitcoin Mining Facility

 

Almost after 100 years, Bitcoin emerged, taking power away from banks and mainly using electricity not only to generate new BTCs but also to record transactions in a decentralized way.

Read: $30B of Money Daily Moving On Bitcoin Blockchain

Although Henry Ford participated in both great wars, indirectly by providing inputs and technologies, he is remembered for being a pacifist who thought the war was a waste of time, lives, and energy.

According to Ford, the main cause of all wars was gold and the banks were not worried about wars as their number of loans would grow.

His proposal, then, was to end this power of banks by generating an energy-based currency, by building a power plant on the Tennessee River.

Read: President Nayib Bukele Shares First Results Of El Salvador Mining Bitcoin With Volcanoes




 

Although 100 years is a long time in terms of technology, it is still possible to find similarities between Henry Ford’s “energy currency” and Bitcoin.

Firstly, Bitcoin is heavily criticized for its high power consumption. Basically, we can consider that miners convert energy into a store of value, Bitcoin, which is a more advanced idea of ​​Ford’s plans.

Another symmetry between the two projects is decentralization and greater security in the custody of Bitcoin than gold. While, in the days of the gold standard, all gold was stored in banks while the economy worked with notes and coins, bitcoin does not have this central custody point. Taking power away from banks.

Read: Federal Reserve Chairman, Fed Has No Intention To Ban Bitcoin Or Crypto

It is also worth remembering that, even with the gold standard in force at the time, the periods of the two World Wars were marked by episodes of hyperinflation, as governments began to print money to finance the war and, a large part of their workforce, focused on the war.

Read: Bloomberg Believes SEC May Approve Four Bitcoin ETFs For The First Time By The End Of October

While Bitcoin’s energy consumption has come under fire, But US Senators like Ted Cruz, Senator Cynthia Lummis (R-WY), and former presidential candidate Andrew Young, support the cryptocurrency industry and see it as an opportunity against inflation.

Also Read:

 

Simón Bolívar International Airport in Venezuela Announces Acceptance of Bitcoin, Dash As Cryptocurrency Payments

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The International Airport of Maiquetia named after Simon Bolivar (Simón Bolívar International Airport) in Venezuela will add the ability to pay for air tickets and other services using Bitcoin, DASH, and the national currency Petro.



As reported by the local media ElSiglo, The director of the airport, Freddie Borges, said that the payment process in cryptocurrencies is organized in accordance with the requirements of the local regulator, Sunacrip. Sunacrip will ensure that crypto payment methods are in accordance with national laws.

 

According to Borges, the airport strives to offer innovative technologies and convenient payment methods not only to local passengers but also to foreign tourists.

Borges said:

“We will activate a button for cryptocurrency payments in the airport platforms and commercial activities, in coordination with Sunacrip.”

 

In August, the Venezuelan airline Turpial made it possible to pay for air tickets in bitcoin.

In January 2018, Brisbane Airport in Australia was the first in the world to announce support for cryptocurrencies.

Recall that in November 2020, the Venezuelan branch of Pizza Hut began accepting bitcoin as payment.  In April 2021, the largest aviation training center in the country, Caracas Air, also added BTC.

In March 2021, the Bank of Venezuela provided citizens with the opportunity to buy stable coins. Venezuela will launch a digital bolivar in October.

As SHIB Becomes Crypto Of The Week, How Far Will SHIB Go?

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Dogecoin knock-off Shiba Inu has been making the news this entire week, drawing influencers’ attention to its impressive results.



According to CoinMarketCap, Shiba Inu has surpassed Litecoin, Chainlink, and Bitcoin Cash, entering the top 15 biggest cryptocurrencies by market capitalization.

Read: Shiba Inu Becomes The 15th Most Valuable Crypto

 

Currently, the SHIB is the most traded cryptocurrency on Binance, Coinbase, and Huobi.

Read: Shib Becomes Most-Traded Crypto on Coinbase

Read: Shiba Inu Futures Trading Volume Up 78x in Seven Days

 

Shiba Inu did not stop there; according to Santiment, the coin has reached and gotten over its four-month price high, adding over 370%.

Shiba Inu (SHIB) has been the token on everyone’s mind these last few days. Recent activities for the token have caught the attention of the entire crypto market. Just a few days ago, the price of SHIB shot up exponentially.

In detail, the price has gone up by 217.7% in the last 7 days. Currently, Shiba Inu’s price stands at $0.00002925. From the data, we can see that the price of Shiba Inu (SHIB) is steadily approaching the record set by its last ATH set in May at $0.00003791.





For now, analysts believe that a new ATH for SHIB is just around the corner. Since many expect Bitcoin and other altcoins to hit new ATHs soon, this expectation isn’t much of a stretch.

According to Google Trends, we can see that SHIBs popularity score in May at 100.  Now in October, the score is at 99. This is another indication that a new ATH could happen any minute.

In comparison, the popularity of Dogecoin (DOGE) is much lower. In fact, interest in SHIB has surpassed DOGE. At the moment, SHIB is almost tied with Bitcoin when it comes to popularity scores.

Read: Shiba Inu Took 14 Months To Hit A Market Value Of $12 Billion, It Took Dogecoin 6 Times As Long To Reach That Milestone

Shiba Inu’s Twitter community has also been abuzz. Shytoshi Kusama’s many recent tweets point to much activity coming SHIBs way. For instance, Shytoshi hints at big changes that’ll have the whole industry following SHIB’s lead.

Read: SHIB Hits 1 Million Followers On Twitter

 

While Shytoshi could be talking about the upcoming Shiboshi NFTs, it could also mean a number of other things. One of the community’s hope is for a practical way for burning SHIB. To do so, perhaps a video game that allows token burning would be a great option. Above all, it will increase SHIBs growth potential.

Meanwhile, SHIB whales have been very active lately. To highlight, one whale moved over 6 trillion SHIB just before the recent price spurt. Accordingly, WhaleStats shows that SHIB is the top-most popular ETH token this October.

Read: Crypto Whales Purchasing Large Amounts Of Shiba Inu, As Single Anonymous Whale Bought 6 Trillion SHIB

Texas Senator Ted Cruz Proposes To Use Natural Gas For Bitcoin Mining

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At the Texas blockchain summit (Video Below), Texas Senator Ted Cruz expressed the opinion that mining bitcoin using natural gas will not only make the BTC mining process greener but also increase the stability of the network.

Read: Edward Snowden: Government Digital Coins (CBDCs) Are A Conspiracy Against Society, And Will Ransom Our Future


 

According to Coin Metrics founder Nic Carter, he was really thrilled after listening to such a solution for mining BTC.

 

According to Cruz Bitcoin mining can be used to monetize energy generated by oil and gas exploration rather than burning it, arguing that there is a tremendous opportunity for Bitcoin to extract that gas rather than wasting it.

Read: According To Bank Of America Recent Research Cryptocurrency Market Is “Too Large To Ignore”

Ted Cruz noted Half of the country’s natural gas is burned in West Texas.

He said:

“It’s being wasted because there is no transmission equipment to get that natural gas where it could be used the way natural gas would ordinarily be employed.”

He further said:

“Use that power to mine Bitcoin. Part of the beauty of that is the instant you’re doing it you’re helping the environment enormously because rather than flaring the natural gas you’re putting it to productive use.”

 

Cruz said that Bitcoin can be used to capture unutilized energy across the globe:

“There are a lot of places on Earth where the sun shines a lot and the wind blows a lot but there aren’t any power lines and it’s not economically feasible to use that energy. The beauty of Bitcoin mining is that if you can connect to the internet, you can use that energy and derive value from those renewables in a way that would be impossible otherwise.”





he added:

“In five years, I hope to see a completely different situation. Mining bitcoin using natural resources can play an important role in increasing the stability of the network.”

Recall that in September, the President of El Salvador announced that he was considering the option of mining bitcoin using geothermal energy.

Read: President Nayib Bukele Shares First Results Of El Salvador Mining Bitcoin With Volcanoes

Watch Video: