British created mining farm powered by breathing

Researcher at the Institute of Network Cultures created the mining device, powered by people's breath
11 January 2018   1788

Max Dovey from Britain designed a spirometer, with which it is possible to mine cryptocurrency from the air. This is reported by Motherboard.

The spirometer measures the volume of inhaled and exhaled air and hashes this data. Then this information enters the computer, which is one of the links in the blockchain. One breath allows the computer to perform a thousand computational operations, the number of which depends not only on the number of breaths, but also on the intensity of breathing.

Mining by Breathing
Mining by Breathing 
Mining by Breathing 2
Mining by Breathing 2
Mining by Breathing 3
Mining by Breathing 3

The device supports only Monero crypto currency mining, but is not able to get really many coins: per second 500 million of these computing operations in the world are made.

At the same time, Max Dovey explained that his invention is not aimed at making money. The main purpose of the device is to show people that mining, which leads to a sharp increase in energy consumption in the world, has other ways of development.

Turning the act of breathing into an active miner on the blockchain network encourages us to consider more sustainable and psychological methods to maintain blockchains.

Max Dorvey

Creator or Spirometr

Created last year, the spirometer has so far brought only one dollar to its creator.

Argo to Report on Mining Profitability Increase in Q2

It was also reported that by the end of June, company owns about £ 3 million in crypto assets, which is 7.7% higher than expected
03 July 2019   239

The British mining company Argo Blockchain published a financial report for the second quarter of 2019, according to which its revenues increased significantly in the second quarter, exceeding its own expectations.

So, in comparison with the previous report, published in early June, the income from mining Argo Blockchain increased by 24%. The increase in profitability from mining at the same time turned out to be proportional to the increase in the Bitcoin price observed during the recent period.

The Company now expects to generate 161 BTC, or GBP1.38m of cryptoassets, in June based on a BTC price of $10,817.16 USD as of 30 June 2019. This is an increase of approximately 101% from the Company's May mining results and represents a mining margin of roughly 81%. The Company considers that this demonstrates that the Company is one of the most efficient miners in the market.

Argo Blockchain Team

Argo Blockchain also said that as of the end of June, the company owns about £ 3 million in cryptocurrency assets, which is 7.7% higher than expected.

Also Argo Blockchain intends to expand its activities. In particular, the company plans to deploy another 2500 miners in Quebec by the end of the third quarter, which is also expected to significantly increase revenues.

Our better-than-expected mining performance reflects both improving industry conditions as well as Argo's business strategy, which has enabled it to rapidly ramp up operations and thereby take full advantage of the upturn. As a result, we enter the third quarter with a strong momentum to deliver further growth and improving mining efficiency.

Mike Edwards

Executive chairman, Argo

It should be noted Argo Blockchain was the first cryptocurrency company, the placement of shares of which was approved by the London Stock Exchange last June.