Cryptocurrency

Intel's Blockscale ASIC has arrived a quarter early, but there are worries that it might still be too late, with investors cooling to speculative investments like cryprocurrencies.

Tens of billions of dollars were spent on GPUs for Ethereum mining and the other gear, according to a new report.

One ETH is worth $1,239 at the time of writing.

Exceptions include renewable-powered facilities and non-Proof of Work expansions.

Nvidia stocks fell by 10% in after-hours trading after the company outlined its Q1 results and reduced expectations for Q2.

Ethereum core developer Preston Van Loon expects Ethereum's The Merge event to occur in August, locking GPU mining out of the ecosystem - and potentially saving next-gen GPU launches.

LHRv3 GPUs couldn't make use of the 100% LHR unlock for ETH mining released earlier this month. However, it is hard to grumble now, with a stable 90% hash-rate solution.

As well as shadowing the latest BTC decline, Ethereum is facing inflationary pressure, and has some problems courtesy of the Bored Ape Yacht Club.

BTC is 30% down in 2022 do far, and 50% down from its record high in Q3 2021. Analysts see a resistance line at $30,000 and if you have BTC investments you will want that line to hold.

Reports on the collapse of the NFT market have been greatly exaggerated, as NFT analysis specialist NonFungible releases bearish - yet evolving - dynamics.