• The arrival of newly created ASICs and a large decrease in mining profitability has had an impact on the GPU mining market. Nvidia expects the demand for graphics cards to decrease over the course of this year as a result. What could this mean for the GPU market today? The Rise of ASIC Miners The cryptocurrency mining industry has seen significant changes through increases in miner counts and subsequent decreases in mining profitability over recent

    Is GPU-Based Cryptocurrency Mining at Risk of Extinction?

    | 2018/03/14 4:00 pm
  • Bitcoin mining operations have officially commenced today at Marathon Patent Group, Inc.’s new mining facility in Quebec, Canada.  Marathon, and a Sprint Marathon Patent Group, Inc. has commenced mining operations in Quebec. According to reports from NASDAQ via Globe Newswire, Marathon had previously announced the purchase of 1,400 Bitmain Antminer S9 miners — commonly known simply as Antminer S9s — on Feb. 8. A week later, Marathon announced that it had leased 26,700 square feet

    Marathon Launches Massive Bitcoin Mining Operation in Quebec

    | 2018/03/12 11:30 am
  • South Korean electronics giant Samsung has begun manufacturing ASIC hardware geared to cryptocurrency mining in a Chinese partnership. Samsung Edges In On Bitmain That’s according to a report in local news outlet The Bell, which on Monday stated the deal with Taiwanese operator TSMC Taiwan was already resulting in “mass production.” The move would constitute the second major step into the mining sector by a global multinational this month after Eastman Kodak announced a surprising

    Samsung Enters ‘Mass Production’ Of ASIC Miners

    | 2018/01/30 6:30 am
  • California-based technology company NVIDIA has asked retailers of its graphics cards to prioritize sales to gamers over cryptocurrency miners. The Rush for Graphics Cards Despite the cryptocurrency market’s recent drop, cryptocurrency miners are still able to produce a sizeable profit. In 2017 the global cryptocurrency market grew at an exceptional rate and this also caused a huge spike in cryptocurrency miners. Currently, cryptocurrency miners can receive a fast and relatively high ROI on their mining

    NVIDIA Asks Retailers to Sell Graphics Cards to Gamers Over Cryptocurrency Miners

    | 2018/01/21 9:30 pm
  • Embattled photography giant Kodak has released a Bitcoin miner which has already earnt “scam” accusations from the Bitcoin industry. ‘The Dumbest Thing I’ve Seen At CES’ In an unlikely move by the company, which sought to change direction after financial problems brought it to the brink of collapse, the new Kodak ASIC KashMiner promises a $9000 dividend on a two-year contract. Along with the hardware, Kodak announced it would also launch an ICO for its

    Press The Button, Get Scammed: Kodak Bitcoin Miner Branded ‘Blatant Lie’

    | 2018/01/10 12:00 pm
  • Cloud Mining is losing popularity in the cryptosphere. Meet three alternatives that are giving cloud mining companies a run for their money! Cryptocurrency Mining Landscape & Cloud Mining The introduction of ASICs has changed the mining industry and has priced out regular users who can’t access large mining facilities and specialized hardware. This change has led to a centralized ecosystem where mining can only be performed by certain companies, many of which are hedging their risk

    Is Cloud Mining Dead? Meet the Alternatives

    | 2017/10/26 3:00 pm
  • The list of non-mining companies that are standing against Bitcoin Unlimited’s hard fork intentions continues to grow. The established Bitcoin wallet provider Armory has provided its views and plans in such a circumstance. At a time where all of the top Bitcoin-related companies are picking sides and making contingency plans, Armory has sided with Bitcoin Core and has made it clear that they do not support Bitcoin Unlimited. In a release on GitHub, Bitcoin Armory

    Bitcoin Armory Latest To Oppose Bitcoin Unlimited Hard Fork

    | 2017/03/27 11:00 am
  • Bitmain has long led the industry not only in ASIC development but also in making sure they are available to more than just a few big customers. The other hallmark of Bitmain is they announce a new miner only when they are nearly ready to ship. No pre-ordering and long waits. The AntMiner S9 is no exception. Bitmain had recently announced that they would soon be releasing and shipping the first 16nm ASIC to market

    Review: Bitmain AntMiner S9 First 16nm ASIC to Market Miner

    | 2016/06/16 5:00 am
  • Until the new X11 miners hit the market, ASICs have been mostly for Bitcoin/SHA-256 and Scrypt coins, other than a few test runs of other algorithms.   Also Read:  KickAssTorrents Moves to the Darknet With Tor The development and production of ASICs is not cheap and not as simple on many of the algorithms due to memory and other requirements. One of the first new ASICs to hit the market is the Baikal X11 miner which

    Review of the Baikal 150 mh/s X11 DASH ASIC Miner

    | 2016/06/13 5:00 am
  • Bitmain has just released the specifications and a rough shipping time frame of the long-awaited Antminer S9 using the new 16nm process for the ASIC.   Also Read: Bitmain Adds Ethereum Mining Support To Antpool The new S9 uses 189 chips to achieve this speed across 3 boards. Power consumption has been dropped to 0.1 J/GH for a power pull of roughly 1380 watts. This step up in chip speed and power is still presented in a

    Bitmain’s Antminer S9 Announced at 14 th/s Using 16nm ASICs

    | 2016/05/31 7:00 am
  • Bitcoin Core contributor, Peter Todd, announced that a hard-fork had been proposed to negate attempts to patent the ASICBoost method. Also read: Kraken Launches ETH Dark Pool Trading According to a message sent out by Peter, this proposed idea sprang from an agreement made at a Bitcoin-oriented round-table in February. The round-table was attended by a slew of representatives from the Bitcoin development and industry, and focused on a variety of different subjects. The intent

    Proposed Hard-Fork to Nullify ASICBoost Patent

    | 2016/05/11 5:01 pm
  • In an announcement posted to the company’s blog on Medium, 21 Inc. revealed details about the 21 Bitcoin Computer’s unique ability to facilitate micropayments between users. Updates to the group’s main consumer facing product, released in November 2015 and available for $400, now open unchartered possibilities for integration and usage of micropayments for Bitcoin fanatics, entrepreneurs and developers alike. Also read: What’s Causing Bitcoin’s Current Bullish Run? 21 Inc. and Micropayments The post reads: “Today we’re announcing the

    21 Inc. Details Payment Capabilities for its Hardware

    | 2016/02/23 12:00 pm
  • The Avalon 6 ASIC Bitcoin miner is the latest in Bitcoin hardware from Canaan-Creative/Avalon. Much like the Avalon 4, the new housing makes for a streamlined cooling and setup method. Canaan-Creative, who resurrected the damaged Avalon brand, has worked hard on these next gen ASICs as well as their customer service. This effort has led to the partnership with BlockC.co for distribution. BlockC sent an Avalon 6 for review using their new distribution center in Silicon Valley. Having

    Avalon 6 Review: 3.5 TH/s ASIC Bitcoin Miner Is Stable and Powerful

    | 2016/02/08 8:00 am
  • January 23, 2016 – Bitcoin Core launches Social media accounts as well as a public Slack in an attempt to interface more directly with the community. This follows a controversial hashing algorithm change proposal that could have made bitcoin less accessible, altering the utility of the entire specification. Also read: DASH Block Size Increase Reaches Consensus in Less Than 24 hours   Negative Response to DOA Hard Fork   Dashjr, an influential Bitcoin Core developer,

    Bitcoin Core Launches Social Media Presence

    | 2016/01/23 11:09 pm
  • Redwood City Ventures is a new name in the Bitcoin industry that people are just starting to see some of their work appearing. RWCV are focusing on helping different companies and startups that are trying to bring collaboration between the US and Chinese companies to the Bitcoin ecosystem. One of the first ventures that people are seeing is blockC.co. Redwood City Ventures brokered a deal between blockC.co and Avalon/Canaan-Creative to be the global master distributor

    Sean Walsh of Redwood City Ventures on Facilitating US/Chinese Bitcoin Collaborations

    | 2015/12/18 8:00 am
  • Genesis Mining, one of the oldest and one of the more reputable cloud mining providers, has recently passed its 100,000th customer milestone; the achievement was coincidental with Black Friday. The promotions and discounts Genesis Mining have recently announced to celebrate this were certainly not. Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with Genesis Mining and is not responsible for its products and/or services. In addition to giving the 100,000th customer $1000 worth

    Genesis Mining Surpasses 100,000 Customers, 11% Orders For Black Friday!

    | 2015/11/29 1:00 pm
  • Genesis Mining, one of the first and more reputable cloud mining companies in the industry, recently launched a nationwide Bitcoin advocacy campaign, which is more focused on encouraging the consumer to form their opinion regarding Bitcoin than promoting Genesis Mining.  Disclaimer: This article was provided by Bitcoin PR Buzz. Bitcoinist is not affiliated with Genesis Mining and is not responsible for its products and/or services. Launched officially at 9 am PST on October 28, 2015, the campaign

    Genesis Mining Launches Nationwide Bitcoin Advocacy Campaign!

    | 2015/11/02 12:00 pm
  • BITMIN is a company that offers investors a platform with a lower entry barrier to mining, which is becoming more important due to the fact that the competition in Bitcoin mining has increased, and will continue to do so. The idea was conceived by Sathes Kumar, a person that wanted to give people a real chance at earning profit from Bitcoin mining after seeing the extremely high costs of competitive Bitcoin mining.  Also read: October

    BITMIN Quarter of Way through Crowdfund Campaign, New Cloud Mining Company!

    | 2015/10/16 8:00 am
  • The well funded Bitcoin company, 21 inc., has released a product: The 21 Bitcoin Computer. The Bitcoin computer will allow any type of user to have full access to the Bitcoin network and comes complete as a Linux box Bitcoin ASIC miner combo. The Bitcoin Computer is a full node and will bring Bitcoin functionality far and wide. The CEO of 21.co, Balaji S. Srinivasan, explained in a Medium post: With this pocket-sized device, if

    Introducing the $400 Bitcoin Computer, 21 Inc.’s First Product

    | 2015/09/21 4:56 pm
  • Bitmain recently announced the Antminer S7 specs using their new BM1385 ASIC. This step is a big one, as the S7 is shipping to anyone around the world from small home miners to large data centers. Many other manufacturers are only using in-house or for the certain large mining operations that have announced new chips. Recently, we interviewed Jihan Wu co-founder of Bitmain. After the interview, Jihan sent a Bitmain Antminer S7 to review. The miner

    Exclusive 1st Review: Bitmain Antminer S7, 4.8+ th/s Using Only 1250 Watts

    | 2015/09/13 4:17 am
  • Bitcoin mining company BitFury’s CEO Valery Vavilov has been clear on the company’s stance in the Bitcoin block size debate. When we contacted him for his thoughts on the debate, Valery sent a full statement detailing where BitFury stood on the issue and why. While going over this statement with BitFury, they gave us access to the news of their new 16nm chip announcement. The timing of this release follows its climb to the second largest hash rate provider in

    BitFury CEO Talks BIP 100 and Announces 16nm Bitcoin Mining ASIC Chip Tapeout

    | 2015/09/02 9:00 am
  • The current Bitcoin block size debate has dragged in everyone from all corners of the Bitcoin industry. Miners and Mining pools have recently begun to have their say, with nearly all of them supporting an increase in block size. However, with over 62% supporting the BIP100 variant, the XT proposal has been left for dead. At any rate, XT sparked a needed debate in the Bitcoin community. While all of this has been going on,

    Exclusive Interview With Jihan Wu of Bitmain on S7, Block Size Debate and More

    | 2015/09/01 7:50 pm
  • Just as Bitcoin’s block reward halved in the past, Litecoin will undergo the same same process on Tuesday, August 25th. In anticipation of the halving, the Litecoin Association says that it is a milestone in the cryptocurrency’s 4-year history. Also read: Litecoin Undergoes Changes With Official Branding Guide The association also released a video that elaborates the entire process of Litecoin’s halving, informing that after the halving, Litecoin will reward miners with 25 coins rather than 50 coins

    Litecoin Halving: Impact on Exchange Rate, Mining Profitability

    | 2015/08/19 9:00 am