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Mining companies sell equipment for mining cryptocurrencies Mining companies sell equipment for mining cryptocurrencies

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Mining companies sell equipment for mining cryptocurrencies

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The Wall Street Journal reports that mining companies have begun selling off their equipment to cover losses due to the fall in the cryptocurrency market and the beginning of the “crypto winter”. For example, Luxor Technologies estimates equipment at $24 for every 100 Thesh of performance. A year ago, the cost was $106.

Mining companies sell equipment for mining cryptocurrencies

The source clarifies that during the “boom” of cryptocurrency mining, many companies took out hundreds of millions of dollars in loans to buy more equipment. But now we have to sell it, and with big discounts.

Note that recently the value of bitcoin has fallen by 70%, and the share prices of mining companies have fallen by 74-99%. Some companies are talking about selling new mining systems – they have not even had time to unpack them yet.

At the same time, it was noted that companies without large debts can still become profitable, because they buy up equipment from competitors. So it is still possible to make money on mining, although not as much as before.

And crypto exchange Binance launched a $500 million special fund last month to provide loans to mining companies. In addition, it is planned to launch cloud mining based on data centers.

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Software

Xiaomi is recruiting volunteers to test MIUI 14. They have the opportunity to win the latest Xiaomi 13 and Xiaomi 13 Pro

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Xiaomi is recruiting volunteers to test MIUI 14 They have

The official premiere of MIUI 14 will take place on December 1 instead of the flagships Xiaomi 13 and Xiaomi 13 Pro, but Xiaomi has already opened a recruitment of volunteers for beta testing of the firmware in China.

Xiaomi is recruiting volunteers to test MIUI 14. They have the opportunity to win the latest Xiaomi 13 and Xiaomi 13 Pro

Applications are accepted until December 28, and this is an indirect evidence that the company’s current devices will not receive the final version of the interface this year. Interestingly, testers are ready to write down not only owners of phones and tablets: it is likely that MIUI 14 will be released in a modified form for the same Xiaomi TVs.

Xiaomi is recruiting volunteers to test MIUI 14. They have the opportunity to win the latest Xiaomi 13 and Xiaomi 13 Pro

Volunteers are promised a number of bonuses. For example, their rating in the community will be increased, and everyone will receive Mi community coins in their account. Finally, it will be possible to participate in the drawing of various Xiaomi devices, which include Xiaomi 13 and Xiaomi 13 Pro.

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News

Fiat may resurrect the Fiat 600 and Multipla, but only the names will remain

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Fiat may resurrect the Fiat 600 and Multipla but only

According to Autopassioneitaliana, Fiat is thinking about reviving the Fiat 600 and Multipla models. At the same time, the Italians plan to reorganize the lineup and bring more crossovers to the market, as the demand for this type of vehicle is still growing.

In autumn 2023, Fiat wants to launch a 4m long, 1.52m high compact crossover on the CMP platform, which will have petrol, hybrid and electric powertrains. According to reports, the model will be called Fiat 600 (the electric version will be called 600e) and will be produced in Poland.

The second crossover will also be based on the CMP platform. Groupe PSA developed this platform in 2018 and the first model built on this platform was the DS3. This was followed by the Opel Mokka, Peugeot 2008 and the new Jeep Avenger.

Fiat may resurrect the Fiat 600 and Multipla, but only the names will remain

1994 Fiat Multipla

The crossover will be called the Multipla and will be built in Turkey as Fiat moves production of the electric Doblo and Doblo to Spain and frees up production facilities. Other sources mention that the Fiat Multipla may be produced in Slovakia, in Trnava, where Peugeot and Citroen models were produced until now. Multipla will appear in 2024.

Fiat is also reportedly planning to build a successor to the Punto. The Italians used to have a small class model called Argo available only in South America. Using the same CMP platform, the Italians want to develop a new model for the South American market and for Europe.

The new model will be called Panda in Europe and will retain the Argo name in South America.

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Phones

Foxconn simultaneously asked employees to leave “iPhone city” for $1400 and stay for even more rewards

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Foxconn simultaneously asked employees to leave iPhone city for 1400

Foxconn, also known as Hon Hai Precision Industry Co., said over the weekend that it will increase to more than $1,800 per month in December and January for permanent employees, including those who joined the company in November.

Foxconn’s generosity comes from the company’s desire to restore assembly as quickly as possible after weeks of Covid restrictions, culminating in last week’s riots. The Zhengzhou campus, which has more than 200,000 employees, assembles the vast majority of iPhone Pro models.

As we reported, the company offered each protester about $1,400 to quit and leave the plant. A Reuters source familiar with the situation confirmed that more than 20,000 workers agreed to Foxconn’s offer.

Foxconn simultaneously asked employees to leave

Apple said it is working closely with Foxconn to restore production to its previous pace, and both companies have expressed their commitment to keeping workers safe.

Earlier this month, analysts at Morgan Stanley slashed their estimates for the current-quarter iPhone Pro release by 6 million units. In a worst-case scenario, if extended lockdowns affect assembly in Zhengzhou, Foxconn risks losing up to 36% of iPhone revenue, or 20% of total sales for the quarter.

Previously known insider Ben Geskin posted a video showing clashes between workers and security at the Foxconn plant.

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