When cryptocurrency mining enables sustainability

EREVITA Team, 11.1.2020 20:23:24

London – November 21, 2019 – The NASDAQ-listed blockchain index has outperformed the S&P 500 index which climbed almost 1 per cent on Monday to a record high of 3,041.81 points, outshining its previous high of 3,027.98 which was set on July 26. The S&P’s record gains were overshadowed by blockchain projects in the cryptocurrency marketplace. The lesser known decentralized finance index - DEFX rose at threefold the rate of the S&P’s historical performance. The index recorded gains of 10.79 per cent in the last 30 days compared to the S&P which only grew approximately 3.7 per cent. Launched by Crypto Venture Capital firm EXANTECH in September of 2019, the index includes novel blockchain projects such as Amoveo, MakerDAO and Augur. According to EXANTECH, there could be multiple reasons behind the index’s outstanding performance. MarkerDAO one of the leading projects within the index recently released multi-collateral DAI allowing cryptocurrency investors to hedge their exposure to the volatility of the market with additional assets other than Ethereum. MakerDAO is not the only project in the index making strides for the adoption of decentralized finance. Through the help of the open-source blockchain project Amoveo, the firm has given students in the United Kingdom’s top universities, such as Cambridge and Warwick exposure to decentralized finance on blockchains by allowing them to take part in a VEO cryptocurrency lottery. Zack Hess, founder and lead developer of Amoveo, says that cryptocurrency will become even more popular in the future if the sector is able to overcome legal restrictions as this will allow for new markets and wider participation. “I think that the cryptocurrency which is the best platform for the most popular use-case of currency, that cryptocurrency will become the next world reserve currency,” he adds. Denis Voskvitsov, CTO for EXANTECH says that “this shows the movement from legacy financial instruments to new decentralized era and I think we're only at the beginning of this process.” “The DeFi ecosystem is growing rapidly and attracting more and more customers and investors as it offers novel financial instruments not found in traditional banking,” he adds.

EREVITA Team, 1.12.2019 11:19:51

Comino announces Comino Grando, a liquid-cooled supercomputer set to disrupt cryptocurrency mining and solve its energy crisis BERLIN, GERMANY, Jun, 08 2018 - (ACN Newswire) - Hardware startup Comino announces the launch of Comino Grando, its enterprise-grade, GPU-based supercomputer that features a revolutionary liquid cooling system. Comino Grando launches alongside news that Comino has secured a $30 million contract to build two European data centers based on the Grando's technology. With its unique liquid cooling technology, Comino Grando is 40% more efficient than its air-cooled competition, it can recycle energy back into the facility for heating, and can operate at full-power 24/7. Today, using GPUs in data centers for different tasks (cryptocurrency mining, AI, HPC) with air cooling comes with a host of problems: the machines overheat, they take up a lot of space, they waste energy, and their parts fail. By pioneering a new liquid-cooling approach Comino Grando provides an immediate solution that is: - Built to last: Air-cooled mining rigs have an extremely high failure rate. That's unavoidable because of the moving parts and thermal instability involved. In contrast, Comino Grando is engineered to last, with custom-crafted components and a stable architecture. Comino is proud to offer an industry-leading, one year warranty (4x higher than the industry average). This warranty alone translates into 15-25% cost savings for the average operator. - Energy-efficient: Air-cooling comprises 99% of the crypto mining industry and is fundamentally wasteful: energy is spent to generate heat and then more energy is spent to haphazardly dissipate that heat. With its liquid-cooling architecture and dynamic software that intelligently directs cooling, Comino Grando is a whopping 40% more energy efficient than comparable air-cooled machines. - Eco-friendly: Cryptocurrency makes headlines everyday for its environmental abuse and energy footprint, releasing as much as 33.9 kilotons of CO2 per year. This energy usage is one of the biggest challenges the technology industry faces and Comino Grando solves it. Comino Grando not only generates far less excess energy, it also recycles much of that energy back into the host facility to provide heating. This stored heat can be removed and transported or sold to other buildings or facilities. - Ultra-compact. Comino Grando is up to 10 times more compact than air cooled devices. That storage efficiency alone drastically increases operational efficiency and cuts infrastructure and rent expenses in half. - Easy to maintain and upgrade: Comino Grando's hardware parts, like the GPU, can be swapped out without interfering with its cooling system. That saves on assembly costs and simplifies maintenance so you don't need specially trained employees. Similarly, Comino Grando is easy and inexpensive to upgrade, letting your initial infrastructure capital investment (CAPEX) last a long time. (For more technical details, please visit https://grando.ai/en/) Comino Grando launches alongside a $30 million contract to build two GPU-based data centers in Europe that will be powered by its technology. Both data centers will see an ROI from using Comino Grando after only one year. "While Comino Grando adds incredible value to the industry, it's only the start," says CEO Evgeny Vlasov, "We want to make the entire world more eco-friendly. Current tasks like cryptocurrency mining, neural networks, and GPU databases eat up huge amounts of energy. Crypto mining alone eats up more energy than Denmark, twice what it needs to be with no heat recovery. We can do much, much better."

EREVITA Team, 1.12.2019 11:16:23

Geekly Articles each Day Russian start-up makes room crypto heaters for $ 4500 apiece Startup Comino has released "the world's first liquid-cooled GPU trusses," which simultaneously work as heaters in a room. This is a very useful quality, if you have not yet turned on the heating in your apartment or, for example, your workplace is on an unheated balcony, like the famous Boomburum office (one of the most popular articles in the history of Habr). For the harsh Russian winters such a heater would come in handy if it were not for the incredibly high price. The device offered to buy for $ 4500. Full article here: https://geeks-world.github.io/articles/407351/index.html