On March 29, the 2 largest mining rig producers, Canaan Creative and Bitmain Technologies, introduced the sale of their subsequent era units that course of the SHA-256 algorithm. Both companies are gearing as much as promote the brand new merchandise this spring as a slew of mining operations have been prepping up new amenities as […]
Bitmain Set to Deploy $80 Million Worth of Bitcoin Miners, Sources Say
The Takeaway Bitmain is planning to deploy 200,000 models of its personal mining gear in China to take benefit of low cost hydroelectric energy this summer time. The gear is conservatively estimated to value $80 million, however it might be extra worthwhile proper now for Bitmain to mine crypto itself than attempt to promote all […]
Report Claims 85% of the Monero Network Dominated by ASIC Miners
Over the previous couple of years, sure cryptocurrency networks have tried to dam ASIC mining with many fruitless makes an attempt to forge ASIC-resistant protocols. Multiple cryptocurrency builders have tried to brick ASIC miners, however with scant success. An ideal instance is the privacy-centric digital foreign money Monero, a undertaking that has tried to fork […]
Bitmain to Begin Selling New Bitcoin Miners Later This Week
Bitmain is launching two new Antminer fashions concentrating on the bitcoin mining business. The crypto hardware manufacturing big introduced Tuesday that the brand new Antminer S15 and T15 machines will probably be powered by its just lately revealed 7nm ASIC (application-specific built-in circuit) processor, and can go on sale on Nov. eight. The new miners […]
Miners Have Begun Using Asicboost on the Bitcoin Cash Network
Technology & Security On Oct. 22, Bitmain launched new firmware for the firm’s Antminer mining rigs that permits the use of an optimization often known as (overt) version-rolling Asicboost. Since then, Bitcoin Cash mining swimming pools have been utilizing the protocol and 63 Asicboost blocks have been mined final week on the community. Also learn: Developers […]
Kill Switch Engage: Sia Cryptocurrency to Block Bitmain and Other Big Miners
After almost a yr of acrimonious debate, the Sia blockchain is shifting to give huge mining corporations the boot. David Vorick, founder and CEO of Nebulous – the for-profit firm behind the $233 million distributed storage protocol – advised CoinDesk that Sia will quickly transfer to enact a software program change meant to block sure […]
Ethereum Security Lead Joins Effort to Oust Blockchain’s Big Miners
A notable voice is becoming a member of the ranks of ethereum builders who’re looking for to block highly effective ASIC miners from incomes an outsized share of the platform’s invaluable ether cryptocurrency. In an developer assembly Friday, Martin Holst Swende, safety lead on the Ethereum Foundation, stated he helps swift motion to take away ASIC […]
AMD Sees Q2 Drop in GPU Sales to Crypto Miners
Chip maker Advanced Micro Devices (AMD) stated Wednesday that gross sales of graphics playing cards (GPUs) to cryptocurrency miners fell in the course of the second quarter. The firm revealed its quarterly earnings report late Wednesday afternoon, reporting a three % quarter-to-quarter decline in income for its Computing and Graphics phase. The unit introduced in $1.09 […]
Heavy Rainfall in China, Thousands of Miners Reportedly Damaged
News According to a Chinese language Economic Daily News report, graphics playing cards and ASIC mining methods are anticipated to see a brief time period surge in orders from the crypto mining sector in Sichuan province, the place reportedly over seventy % of the mining methods are situated in China. Sichuan province has been hit […]
Secret ASICs for the People: Obelisk Reveals Plan to Fight Big Miners
If you possibly can’t beat ’em, be a part of ’em. The age-old idiom could also be notably related for David Vorick, the co-founder of the Sia blockchain, whose new challenge goals to battle highly effective crypto mining chip producers by bringing competitors to the sector. To do that, Vorick launched Obelisk, a brand new chip […]