All about Blockchain, Cryptocurrency, Digital Transformation

i made 34 cents mining with a 1060.....very proud lol

 

Bitcoin And Ethereum Fuel Cryptocurrency Explosion To First Ever $2 Trillion Valuation hothardware.com | Monday, April 05, 2021

It doesn't take a rocket scientist to figure out that cryptocurrencies are soaring to new highs. The valuation increases have also brought in a wealth of individuals and companies looking to cash in by mining for cryptocurrencies like Ethereum with GPUs that gamers would have otherwise bought. The huge cryptocurrency run culminated today with a cumulative valuation topping $2 trillion. Not surprisingly, Bitcoin and Ethereum make up the bulk of that $2 trillion figure, with the former hitting a 24-hour high of $58,243 with a total market cap of $1.10 trillion. Ethereum, on the other hand, had a 24-hour high of $2,118 with a market cap of $244.38 billion.

NVIDIA has tried to address the growing demand for GPUs used in Ethereum mining by introducing the new CMP HX family. It has even started ramping up the production of older GeForce GTX 1650 graphics cards to meet demand at the graphics market's low end. There were also rumors that the GeForce RTX 2060 and 2060 Super have been given a new lease on life to satisfy demand.

For its part, MSI has resorted to raising prices on GeForce and Radeon graphics cards due to tight supplies expected to last throughout 2021. It's a similar situation over at rival ASUS. "For GPUs, right now, of course, the most pressing issue is the shortage of NVIDIA GPUs. So, there's a decreased quarter-on-quarter in shipment. Because of this shortage, we are seeing price hikes in GPU. And that's only natural with this shortage and supply prices will increase," said an ASUS representative in March.

 

They forgot: Human Brain Created by a Perfect Mighty God and Computers Made by Imperfect Humans. - by "Mr. Fox"

 

i know there is a god i just wish he would show us why nvidia is still in business....i guess he doesn't mind but when the devil rules the world and all this is going on when will we see intervention....when is enough. enough

 

What If Elon Musk's Brain Chips Make Us All As Smart As He Is?
http://forum.notebookreview.com/thr...rochips-in-humans.807293/page-9#post-11088706

 

Cryptocurrency and Taxes: What You Need to Know pcmag.com | April 6, 2021

For the second year, federal tax forms now ask you about bitcoin and other cryptocurrency activities. Here’s what this means for your income tax return.

Cryptocurrency is digital currency, or a “digital representation of value,” as the IRS puts it. You can’t see it, hold it in your hand, or put it in your wallet. It’s been in use for over a decade and has grown in popularity over the last few years. Instead of using a bank to create, transfer, and exchange funds, cryptocurrency employs a distributed, encrypted blockchain network to process transactions. No bank or government authority controls it as they do with traditional currencies. So, if you have used cryptocurrency this year, what are the implications for when you file your taxes?

Cryptocurrency as Property
If you’ve been using cryptocurrency, but not paying taxes on any of your gains from it, you’re not alone. You’re also not compliant with IRS regulations, which could catch up with you someday. The agency may penalize you unless you can prove “reasonable cause.”

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The Riksbank releases the e-krona's first test results sweclockers.com

In a first test, blockchain technology, tokens and an e-krone network are used. Question marks about integrity, performance and offline use remain.

The payment market has developed rapidly in recent years and cashless means of payment are growing in popularity in all age groups, while fewer and fewer people use cash. In 2019, the Riksbank thus began an investigation into a digital krona, the e-krona. The e-krona is intended to be a digital central bank money that complements today's cash.



The Riksbank has thus decided to extend the agreement with Accenture for another year to continue evaluating and testing the e-krona. At present, there are no political decisions regarding the e-krona and it is a long time before such a solution sees the light of day.

 

Study reveals Cryptocurrency mining energy consumption in China alone will be higher than Italy in three years
By Hilbert Hagedoorn on: 04/09/2021 07:22 AM

80% of the world's crypto mining happens in China. Electricity consumption from China's Bitcoin mining operations will pass Italy's electricity consumption by 2024. That's what scientists say in Nature. "Without timely intervention, the climate efforts that the country did will be nullified," they say.

 

Once Ethereum switches to staking over mining, power consumption due to crypto should decrease significantly.