Connect with us

Uncategorized

Bitfarms Reports June 2024 Bitcoin Production and Operational Advances | IDOs News

Avatar

Published

on

Bitfarms Reports June 2024 Bitcoin Production and Operational Advances | IDOs News







Bitfarms Ltd. (NASDAQ/ TSX: BITF), a global vertically integrated Bitcoin (BTC) mining company, has released its production and operations update for June 2024. The company earned 189 BTC during the month and significantly increased its installed hashrate to 11.4 EH/s, with 10.4 EH/s operational, according to Globe Newswire.

Operational Efficiency and Expansion

Bitfarms has improved its energy efficiency to 25 watts per terahash (w/TH), marking a 36% year-over-year (Y/Y) and 7.4% month-over-month (M/M) increase. The company’s Chief Mining Officer, Ben Gagnon, highlighted the completion of upgrades at all Quebec facilities, which have expanded hashrate and enhanced energy efficiency and gross mining margins.

In Paraguay, Bitfarms’ Paso Pe facility has energized four of its five warehouses and six of its eight hydro containers, contributing 2.5 EH/s with an additional 0.6 EH/s expected to be energized in July. However, severe weather in June caused moderate delays and temporary underperformance of miners.

Strategic U.S. Expansion

Bitfarms has entered a new agreement to develop a 120 MW site in Sharon, Pennsylvania. This site is strategically located within the Pennsylvania-New Jersey-Maryland Interconnection (PJM), the largest wholesale electricity market in the U.S. The site is expected to provide competitively priced electricity and opportunities for demand response and curtailment programs, making it suitable for high-intensity computing beyond Bitcoin mining, including high-performance computing (HPC) and artificial intelligence (AI) services.

Phillippe Fortier, SVP of Corporate Development, expressed confidence that the Sharon site will offer long-term access to low-cost U.S. energy and flexible power trading options. PJM’s shift from coal-powered plants to greener energy sources also aligns with Bitfarms’ commitment to environmental sustainability.

Financial and Mining Highlights

In June 2024, Bitfarms sold 134 out of the 189 BTC earned, generating $8.8 million in proceeds. The company reported total liquidity of $194 million, including $139 million in cash, and held 905 BTC in treasury, valued at $55.2 million based on a BTC price of $61,000.

June’s mining operations saw an increase in corporate hashrate, resulting in the production of 189 BTC compared to 156 BTC in May. The company also faced curtailment in Argentina and downtime associated with upgrading miners in Quebec, partially offset by a 0.8% decrease in network difficulty compared to May.

Key Performance Indicators

Indicator June 2024 May 2024 June 2023
Total BTC earned 189 156 385
Month End Operating EH/s 10.4 7.5 5.3
BTC/Avg. EH/s 25 24 77
Average Operating EH/s 7.6 6.4 5.0
Operating Capacity (MW) 310 240 207
Hydropower (MW) 256 186 178
Watts/Terahash Efficiency (w/TH) 25 27 39
BTC Sold 134 136 346

Future Outlook

Bitfarms is on track to deliver 21 EH/s and 21 w/TH efficiency by the end of 2024 and has initiated guidance for 2025 with a target of over 35 EH/s. The company’s 2025 power capacity target has more than doubled to 648 MW from the current 310 MW, reflecting a 109% growth. The Sharon site alone is expected to support 8 EH/s, alongside the recent acquisition of an additional 100 MW in Paraguay.

Jeff Lucas, Chief Financial Officer, emphasized that Bitfarms is committed to pursuing strategic ventures that deliver significant value to shareholders. The company plans to update its contracted power capacity and 2025 EH/s target as additional opportunities materialize.

Upcoming Conferences and Events

  • July 9-13: Alberta Trade Mission and Stampede, Calgary, Alberta
  • July 25-27: Bitcoin Conference, Nashville, TN
  • September 9-11: H.C. Wainwright 26th Annual Global Investment Conference

Founded in 2017, Bitfarms currently operates 12 Bitcoin mining facilities across Canada, the United States, Paraguay, and Argentina. The company is predominantly powered by environmentally friendly hydro-electricity and long-term power contracts.

Image source: Shutterstock




Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Uncategorized

Advantages of Mobile Apps in Gambling: The Example of Pin Up App | IDOs News

Avatar

Published

on

Advantages of Mobile Apps in Gambling: The Example of Pin Up App | IDOs News


By Terry Ashton, updated August 31, 2024

Online gambling is going mobile — over 50% of players are already playing casino games on their mobile devices, and their number is expected to grow further. But does a mobile app have actual advantages over browser-based play? We decided to do more profound research by accessing and trying gambling on a desktop browser, mobile browser, and the app. That allowed us to distinguish casino mobile applications’ key benefits and drawbacks. If you’re considering using one, just keep reading — we will share some helpful insights below. 

Benefits of Mobile Play at Pin Up Casino

The rise of online gambling happens for multiple reasons, including the following ones: 

  • Ultimate accessibility. You can access the app anywhere, even on the go. You don’t need to take additional actions — the casino opens with just one click. 
  • Lower Internet requirements, offline play. If you play for fun, you can do it even without an Internet connection. If you prefer to play real money, the requirements for an Internet connection will still be much lower because most data is already downloaded to your device. 
  • Push notifications. You can immediately learn about the new top promotions and the hottest games without checking your email. 
  • Special bonuses. Sometimes, special bonuses are granted to mobile players. Some casinos may add them occasionally to encourage players to play on apps. 
  • The same game selection. If a casino is modern and cooperates with top providers, all games will be compatible with mobile devices. For instance, if you play at Pin Up casino online, you can access the same collection of games. That goes not only for slots but also for live games, table games, etc. 
  • Higher security standards. The app is protected even better than the site. Data is encrypted, and the chance that anyone will access your account is close to zero. 

Registration also goes smoothly. Once you sign up on the browser or app, you can access the platform with just one click by entering your Pin Up login and password. 

Considering the Cons: Potential Drawbacks of Using a Pin-Up Mobile App 

Nothing is perfect, and neither are casino apps. Gamblers should also consider the drawbacks, and the most common ones are as follows: 

  • Installing software is a must. You need to install the software on your phone. It’s safe if it’s the official casino site and a good product. However, clicking on the wrong link and downloading the wrong APK file may result in problems. 
  • Battery drain and storage space. It’s no secret that charging the phone all the time is annoying, and innovative slots with top graphics may drain your battery quickly. Also, though most apps don’t take much space (in the case of Pin Up, it’s just about 100 Mb), they still require more effort to manage it. 
  • Compatibility requirements. Any app will have technical requirements, and most aren’t compatible with old mobile devices and tablets. Also, you’ll need to install updates quite regularly. 
  • Smaller screen. This is a disadvantage for those who prefer playing on larger screens, particularly those who prefer live dealer games. 

Do the pros outweigh the cons for you? If yes, the mobile app will boost your experience. If not, browser play may be a better option. 

Final Thoughts: The App vs. Browser Play at Pin-Up Casino

Technology is shaping the industry. Nowadays, there’s no such significant difference between playing on a mobile app and a mobile or desktop browser. You get the same game selection, the same bonuses, and the same smooth experience. So, it’s a matter of taste. Choose what will work best for you and enjoy your play.


Continue Reading

Uncategorized

NVIDIA Introduces Fast Inversion Technique for Real-Time Image Editing | IDOs News

Avatar

Published

on

NVIDIA Introduces Fast Inversion Technique for Real-Time Image Editing | IDOs News




Terrill Dicki
Aug 31, 2024 01:25

NVIDIA’s new Regularized Newton-Raphson Inversion (RNRI) method offers rapid and accurate real-time image editing based on text prompts.





NVIDIA has unveiled an innovative method called Regularized Newton-Raphson Inversion (RNRI) aimed at enhancing real-time image editing capabilities based on text prompts. This breakthrough, highlighted on the NVIDIA Technical Blog, promises to balance speed and accuracy, making it a significant advancement in the field of text-to-image diffusion models.

Understanding Text-to-Image Diffusion Models

Text-to-image diffusion models generate high-fidelity images from user-provided text prompts by mapping random samples from a high-dimensional space. These models undergo a series of denoising steps to create a representation of the corresponding image. The technology has applications beyond simple image generation, including personalized concept depiction and semantic data augmentation.

The Role of Inversion in Image Editing

Inversion involves finding a noise seed that, when processed through the denoising steps, reconstructs the original image. This process is crucial for tasks like making local changes to an image based on a text prompt while keeping other parts unchanged. Traditional inversion methods often struggle with balancing computational efficiency and accuracy.

Introducing Regularized Newton-Raphson Inversion (RNRI)

RNRI is a novel inversion technique that outperforms existing methods by offering rapid convergence, superior accuracy, reduced execution time, and improved memory efficiency. It achieves this by solving an implicit equation using the Newton-Raphson iterative method, enhanced with a regularization term to ensure the solutions are well-distributed and accurate.

Comparative Performance

Figure 2 on the NVIDIA Technical Blog compares the quality of reconstructed images using different inversion methods. RNRI shows significant improvements in PSNR (Peak Signal-to-Noise Ratio) and run time over recent methods, tested on a single NVIDIA A100 GPU. The method excels in maintaining image fidelity while adhering closely to the text prompt.

Real-World Applications and Evaluation

RNRI has been evaluated on 100 MS-COCO images, showing superior performance in both CLIP-based scores (for text prompt compliance) and LPIPS scores (for structure preservation). Figure 3 demonstrates RNRI’s capability to edit images naturally while preserving their original structure, outperforming other state-of-the-art methods.

Conclusion

The introduction of RNRI marks a significant advancement in text-to-image diffusion models, enabling real-time image editing with unprecedented accuracy and efficiency. This method holds promise for a wide range of applications, from semantic data augmentation to generating rare-concept images.

For more detailed information, visit the NVIDIA Technical Blog.

Image source: Shutterstock



Continue Reading

Uncategorized

AMD Radeon PRO GPUs and ROCm Software Expand LLM Inference Capabilities | IDOs News

Avatar

Published

on

AMD Radeon PRO GPUs and ROCm Software Expand LLM Inference Capabilities | IDOs News




Felix Pinkston
Aug 31, 2024 01:52

AMD’s Radeon PRO GPUs and ROCm software enable small enterprises to leverage advanced AI tools, including Meta’s Llama models, for various business applications.





AMD has announced advancements in its Radeon PRO GPUs and ROCm software, enabling small enterprises to leverage Large Language Models (LLMs) like Meta’s Llama 2 and 3, including the newly released Llama 3.1, according to AMD.com.

New Capabilities for Small Enterprises

With dedicated AI accelerators and substantial on-board memory, AMD’s Radeon PRO W7900 Dual Slot GPU offers market-leading performance per dollar, making it feasible for small firms to run custom AI tools locally. This includes applications such as chatbots, technical documentation retrieval, and personalized sales pitches. The specialized Code Llama models further enable programmers to generate and optimize code for new digital products.

The latest release of AMD’s open software stack, ROCm 6.1.3, supports running AI tools on multiple Radeon PRO GPUs. This enhancement allows small and medium-sized enterprises (SMEs) to handle larger and more complex LLMs, supporting more users simultaneously.

Expanding Use Cases for LLMs

While AI techniques are already prevalent in data analysis, computer vision, and generative design, the potential use cases for AI extend far beyond these areas. Specialized LLMs like Meta’s Code Llama enable app developers and web designers to generate working code from simple text prompts or debug existing code bases. The parent model, Llama, offers extensive applications in customer service, information retrieval, and product personalization.

Small enterprises can utilize retrieval-augmented generation (RAG) to make AI models aware of their internal data, such as product documentation or customer records. This customization results in more accurate AI-generated outputs with less need for manual editing.

Local Hosting Benefits

Despite the availability of cloud-based AI services, local hosting of LLMs offers significant advantages:

  • Data Security: Running AI models locally eliminates the need to upload sensitive data to the cloud, addressing major concerns about data sharing.
  • Lower Latency: Local hosting reduces lag, providing instant feedback in applications like chatbots and real-time support.
  • Control Over Tasks: Local deployment allows technical staff to troubleshoot and update AI tools without relying on remote service providers.
  • Sandbox Environment: Local workstations can serve as sandbox environments for prototyping and testing new AI tools before full-scale deployment.

AMD’s AI Performance

For SMEs, hosting custom AI tools need not be complex or expensive. Applications like LM Studio facilitate running LLMs on standard Windows laptops and desktop systems. LM Studio is optimized to run on AMD GPUs via the HIP runtime API, leveraging the dedicated AI Accelerators in current AMD graphics cards to boost performance.

Professional GPUs like the 32GB Radeon PRO W7800 and 48GB Radeon PRO W7900 offer sufficient memory to run larger models, such as the 30-billion-parameter Llama-2-30B-Q8. ROCm 6.1.3 introduces support for multiple Radeon PRO GPUs, enabling enterprises to deploy systems with multiple GPUs to serve requests from numerous users simultaneously.

Performance tests with Llama 2 indicate that the Radeon PRO W7900 offers up to 38% higher performance-per-dollar compared to NVIDIA’s RTX 6000 Ada Generation, making it a cost-effective solution for SMEs.

With the evolving capabilities of AMD’s hardware and software, even small enterprises can now deploy and customize LLMs to enhance various business and coding tasks, avoiding the need to upload sensitive data to the cloud.

Image source: Shutterstock



Continue Reading

Trending