Thursday, December 8, 2022
 

Merge Forces Ethereum Miners To Look for Alternatives

  • The Ethereum Merge forces the Ethereum mining corps to look for alternatives.
  • The firm started a pilot project for testing a portion of Nvidia A40 GPUs in a data center.
  • Hut 8, a mining company, forms a pact with a cloud service provider.

Canadian blockchain and crypto mining company, HIVE, reconsidered its strategies as the Ethereum Merge update is expected to go live on September 13, 2022. HIVE announced on Tuesday that it was testing other mineable coins with its fleet of graphics processing units (GPUs) and cloud computing and Artificial Intelligence (AI) applications.

According to the announcement, HIVE initiates a pilot project for testing a portion of Nvidia A40 GPUs in cloud computing at a Tier 3 data center.

Nvidia, the father of GPUs, claims that the A40 GPU is the world’s most powerful data center GPU for visual computing. According to Nvidia, these GPUs are capable of more than just mining: they can be used in large data centers, AI acceleration, and virtual simulations.

Similarly, another crypto mining company, Hut 8, announced a partnership on Twitter:

Hut 8 partners with Zenlayer, a cloud service provider, to bring on-demand high-performance computing to Web3 and blockchain customers.

The announcement reads:

The partnership enables Hut 8 customers to instantly deploy and run their applications using Zenlayer’s edge cloud platform. Users can easily self-provision computer and networking services through APIs or an online console available in more than 40 countries.

Additionally, Jaime Leverton, CEO of Hut 8, was excited to welcome Zenlayer as a trusted partner to mutually enhance the combined offerings for high-performance computing to existing and future customers.

Apart from this, The Merge will convert Ethereum’s current proof-of-work (PoW) consensus architecture to a proof-of-stake (PoS). This update could reduce energy consumption by 99.95% and scalability improvements.

  • The Ethereum Merge forces the Ethereum mining corps to look for alternatives.
  • The firm started a pilot project for testing a portion of Nvidia A40 GPUs in a data center.
  • Hut 8, a mining company, forms a pact with a cloud service provider.

Canadian blockchain and crypto mining company, HIVE, reconsidered its strategies as the Ethereum Merge update is expected to go live on September 13, 2022. HIVE announced on Tuesday that it was testing other mineable coins with its fleet of graphics processing units (GPUs) and cloud computing and Artificial Intelligence (AI) applications.

According to the announcement, HIVE initiates a pilot project for testing a portion of Nvidia A40 GPUs in cloud computing at a Tier 3 data center.

Nvidia, the father of GPUs, claims that the A40 GPU is the world’s most powerful data center GPU for visual computing. According to Nvidia, these GPUs are capable of more than just mining: they can be used in large data centers, AI acceleration, and virtual simulations.

Similarly, another crypto mining company, Hut 8, announced a partnership on Twitter:

Hut 8 partners with Zenlayer, a cloud service provider, to bring on-demand high-performance computing to Web3 and blockchain customers.

The announcement reads:

The partnership enables Hut 8 customers to instantly deploy and run their applications using Zenlayer’s edge cloud platform. Users can easily self-provision computer and networking services through APIs or an online console available in more than 40 countries.

Additionally, Jaime Leverton, CEO of Hut 8, was excited to welcome Zenlayer as a trusted partner to mutually enhance the combined offerings for high-performance computing to existing and future customers.

Apart from this, The Merge will convert Ethereum’s current proof-of-work (PoW) consensus architecture to a proof-of-stake (PoS). This update could reduce energy consumption by 99.95% and scalability improvements.

 

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