H.I.V.E. | Jotup

Green Cryptocurrency Systems Lessens Energy Demands Of Proof Of Work Systems

Retrieved on:

Thursday, August 5, 2021

PALM BEACH, Fla., Aug. 5, 2021 /PRNewswire/ -- Cryptocurrency… Mining… Blockchain Technology… Even though these terms have been added to the global dictionary in the last several years not many really have a grasp on what they are, and how they do what they do... or how much energy they use! Cryptocurrency is an encrypted decentralized digital currency. Mining is the process of confirming cryptocurrency transactions and adding them to the public ledger (blockchain). The Blockchain is a distributed, cryptographically signed public ledger that stores transaction data across multiple computers(nodes). To add a transaction to the ledger, the "miner" must solve a complex computational problem. Blockchain Miners are the backbone of the cryptocurrency network and going green has never been more essential. The use of blockchain technology is growing at a rapid rate, leading to soaring energy consumption. Blockchain technology is secured and maintained by a vast network of globally distributed computers (Miners) to solve increasingly-complex computational problems. The processing of these transactions requires extensive power consumption. An article on NBCNews's site addressing these issues added: "And so, any cryptocurrency built on a proof of work protocol is going to be plagued by, as Musk put it, "insane" energy demands as it scales larger. The Cambridge Center for Alternativve Finance, a part of the Cambridge Judge Business School, found that bitcoin uses about 110 terawatt-hours per year, which is similar to what Malaysia and Sweden use. The better way is called proof of stake. And for some cryptocurrencies, it's already in use." Active Companies in the markets today include The OLB Group, Inc. (NASDAQ: OLB), Riot Blockchain, Inc. (NASDAQ: RIOT), Marathon Digital Holdings, Inc. (NASDAQ: MARA), Canaan Inc. (NASDAQ: CAN), NVIDIA Corporation (NASDAQ: NVDA).

Key Points:

An article on NBCNews's site addressing these issues added: "And so, any cryptocurrency built on a proof of work protocol is going to be plagued by, as Musk put it, "insane" energy demands as it scales larger.
Because the basis of proof of stake doesn't require any extra energy to prove trustworthiness, it is much more energy efficient.
Unlike in proof of work, where specialized computing equipment like high-end graphics cards are needed, the proof of stake protocol can be run off of a laptop.
Researchers like Ryan believe that the result is that energy consumption for proof of stake is 99.99 percent lower than proof of work.

Green Cryptocurrency Systems Lessens Energy Demands Of Proof Of Work Systems

Retrieved on:

Thursday, August 5, 2021

PALM BEACH, Fla., Aug. 5, 2021 /PRNewswire/ -- Cryptocurrency… Mining… Blockchain Technology… Even though these terms have been added to the global dictionary in the last several years not many really have a grasp on what they are, and how they do what they do... or how much energy they use! Cryptocurrency is an encrypted decentralized digital currency. Mining is the process of confirming cryptocurrency transactions and adding them to the public ledger (blockchain). The Blockchain is a distributed, cryptographically signed public ledger that stores transaction data across multiple computers(nodes). To add a transaction to the ledger, the "miner" must solve a complex computational problem. Blockchain Miners are the backbone of the cryptocurrency network and going green has never been more essential. The use of blockchain technology is growing at a rapid rate, leading to soaring energy consumption. Blockchain technology is secured and maintained by a vast network of globally distributed computers (Miners) to solve increasingly-complex computational problems. The processing of these transactions requires extensive power consumption. An article on NBCNews's site addressing these issues added: "And so, any cryptocurrency built on a proof of work protocol is going to be plagued by, as Musk put it, "insane" energy demands as it scales larger. The Cambridge Center for Alternativve Finance, a part of the Cambridge Judge Business School, found that bitcoin uses about 110 terawatt-hours per year, which is similar to what Malaysia and Sweden use. The better way is called proof of stake. And for some cryptocurrencies, it's already in use." Active Companies in the markets today include The OLB Group, Inc. (NASDAQ: OLB), Riot Blockchain, Inc. (NASDAQ: RIOT), Marathon Digital Holdings, Inc. (NASDAQ: MARA), Canaan Inc. (NASDAQ: CAN), NVIDIA Corporation (NASDAQ: NVDA).

Key Points:

An article on NBCNews's site addressing these issues added: "And so, any cryptocurrency built on a proof of work protocol is going to be plagued by, as Musk put it, "insane" energy demands as it scales larger.
Because the basis of proof of stake doesn't require any extra energy to prove trustworthiness, it is much more energy efficient.
Unlike in proof of work, where specialized computing equipment like high-end graphics cards are needed, the proof of stake protocol can be run off of a laptop.
Researchers like Ryan believe that the result is that energy consumption for proof of stake is 99.99 percent lower than proof of work.

Canaan Announces Customer Order of 4,000 Bitcoin Mining Machines

Retrieved on:

Tuesday, August 3, 2021

Articles, Hardware acceleration, Cryptocurrency, Decentralization, Financial technology, Uberisation, Technology, Economy, Canaan, Miner, Application-specific integrated circuit, High-performance Integrated Virtual Environment

According to the terms of the Order, the Company will deliver the mining machines in two tranches over the next 60 days, including 2,000 machines in August 2021 and 2,000 machines in September 2021.

Key Points:

According to the terms of the Order, the Company will deliver the mining machines in two tranches over the next 60 days, including 2,000 machines in August 2021 and 2,000 machines in September 2021.
This order is an addition to HIVE's previous order placed earlier this year for 6,400 Canaan AvalonMiner 1246 Miners with an aggregate operating hash power of 576 PH/s.
Mr. Nangeng Zhang, Chairman and Chief Executive Officer of Canaan, commented, "The order from HIVE is a testament to the performance of our mining machines as well as our ability to form long-term and mutually beneficial miner relationships.
In 2018, Canaan released the world's first 7nm ASIC chip, providing energy efficient computing equipment to the cryptocurrency mining industry.

Hive acquires project management and collaboration platform Squidhub to support its European customers

Retrieved on:

Thursday, July 29, 2021

Articles, Biotechnology, High-performance Integrated Virtual Environment, Molecular biology, Hive, Biology, Life sciences, Customer success, Beehives

NEW YORK, July 29, 2021 /PRNewswire/ -- Hive , the productivity platform provider, has announced today it acquired Denmark-based project management startup Squidhub to better support European customers and expand its footprint in Europe.

Key Points:

NEW YORK, July 29, 2021 /PRNewswire/ -- Hive , the productivity platform provider, has announced today it acquired Denmark-based project management startup Squidhub to better support European customers and expand its footprint in Europe.
As a remote-first company, Hive will expand its European user support, customer success and sales teams locally as their customers' needs grow.
And today we're extending our free offering to the complete Hive project management platform," John Furneaux commented.
Headquartered in New York, Hive is the project management and collaboration platform provider helping teams of all sizes move faster.

Hypergiant Industries announces the H.I.V.E. (Hyper Intelligent Vehicle Enhancement) Fleet Operations Platform for Commercial, Defense and Government Customers

Retrieved on:

Thursday, May 21, 2020

Articles, Hypergiant Industries, Contents, Technology, Telecommuting, Emerging technologies, Computational neuroscience, H.I.V.E., Artificial intelligence, Satellite

AUSTIN, Texas, May 21, 2020 /PRNewswire/ --Hypergiant Industries' Hypergiant Galactic Systems Division announces the launch of their Hyper-Intelligent Vehicle Enhancement (H.I.V.E.)

Key Points:

AUSTIN, Texas, May 21, 2020 /PRNewswire/ --Hypergiant Industries' Hypergiant Galactic Systems Division announces the launch of their Hyper-Intelligent Vehicle Enhancement (H.I.V.E.)
This new platform will reduce costs for organizations who currently have significant capital investments in mission management operations.
is a unique software offering that empowers maximum telework flexibility while providing AI-driven disaster-response capabilities and autonomous satellite operations for commercial and government entities.
"We see great potential in rethinking the design of mission and payload operations software architectures to support both government and commercial space initiatives.