Tag Archive: Bitmain

  • Altcoin News, ASIC miners, Companies, Mining, News, News teaser

    Nvidia Expects 2/3 Decrease in Sales to Crypto Miners in The Next Quarter

    Nvidia announced that they had a successful 1st quarter in terms of sales, in part due to the fact that cryptocurrency-related sales boosted their revenues by 10%. Despite the good news, Nvidia expects that the sales generated by cryptocurrency enthusiasts will decrease by over ⅔ over the 2nd quarter, which ends in 2 months. Nvidia’s Growing Business: Did Crypto Sales Help? Nvidia’s Thursday release of their Q1 financial reports has shown that their revenues have

    · May 13, 2018 · 7:00 pm
  • Ethereum mining Altcoin News, Ethereum, Hardware, Mining, News, News teaser, Technology

    The Rise of Computer Power Threatens Ethereum Miners

    Bitmain, the Chinese chip maker, is manufacturing hardware and chips that deliver such hash power that those using them could end up controlling the Ethereum transaction confirmation process, obliterating small miners. As a result, Ethereum developers are fiercely working on countermeasures, such as Casper, to dramatically change the mining process. Ether Miners Are Facing Their Biggest Battle Ethereum developers are working full time on countermeasures against the advent of new and more powerful computer hardware

    · May 10, 2018 · 1:00 am
  • Binance Coin Burn Inbound - Here's When It Will Happen Altcoin News, Altcoins, Bitcoin, Mining, News, News teaser

    Bitcoin Cash Burning $12 Per Day While ‘Struggling to Remain Relevant’

    In what one senior analyst calls a struggle “to remain relevant,” Bitcoin Cash (BCH) has been burning $12 worth of its own supply every day — hoping the increased scarcity will help in its fight against its dominant competitor, Bitcoin (BTC). ‘Purely a PR game’ Bitcoin Cash (BCH), a hard-forked cryptocurrency meant to solve Bitcoin’s (BTC) scalability issues, is up 100 percent against the USD in the last seven days. Trading against rival BTC, BCH

    · April 24, 2018 · 5:15 am
  • AsicBoost Halong's DragonMint Bitcoin Miner Set To Shatter Bitmains Mining Monopoly Altcoin News, Companies, Hardware, Mining, News, News teaser

    Samsung Brings Competition to Bitmain’s ASIC Monopoly

    The Korean tech giant has been making big waves in the crypto scene by confirming that they’ve already started manufacturing cryptocurrency mining chips, according to a Samsung spokesperson. Cutting-Edge Fabrication Samsung has products in loads of technology sectors, and it’s no surprise they’d eventually get into the Bitcoin game. A company spokesperson told Techcrunch that Samsung is “currently engaged in the manufacturing of cryptocurrency mining chips.” They’ve already gotten a taste for cryptocurrency mining as

    · April 12, 2018 · 4:30 am
  • Monero Altcoin News, Altcoins, News, News teaser

    What the Fork? Monero Classic Already Accused of Being a ‘Scam’

    Today, some individuals involved with Monero have “declared sovereignty” against the developers of the prominent privacy-focused cryptocurrency — choosing instead to follow the ASIC-supporting legacy chain dubbed Monero Classic. A Declaration of Decentralization According to an official statement from MoneroClassic.org, the forked cryptocurrency comes about as a resistance to Monero developers changing the cryptocurrency’s proof-of-work model to counter Bitmain-produced ASICs — a decision purportedly made out of fear that Bitmain would be able to effectively

    · April 6, 2018 · 9:30 am
  • Bitmain Unveils First Public Ethereum ETHhash ASIC Miner Blockchain Technology, Ethereum, Mining, News

    Bitmain Unveils First Public Ethereum ETHhash ASIC Miner

    Bitmain has announced the release of the first Ethereum ASIC which is set to disrupt the Ethereum mining scene. Bitmain just announced on Twitter that the first widely available ETHhash ASIC will be on sale. This announcement comes after a lot of talk about Ethereum’s future with ASICs, proof of stake and a hard fork which would limit the use of ASICs on the Ethereum Blockchain. According to the Bitmain shop page, the ASIC, called

    · April 3, 2018 · 6:00 pm
  • A Big Forking Announcement: Anonymous Bitcoin (a ZCL and BTC Fork) Altcoin News, Ethereum, Mining, News, News teaser

    Ethereum Community Mulls Hard-Fork to Make Bitmain ASICs Obsolete

    Ethereum developer Piper Merriam has opened up Ethereum Improvement Proposal (EIP) #958, which requests community input in regards to whether or not the cryptocurrency’s blockchain should render the rumored Bitmain ASICs virtually obsolete. In doing so, Merriam has also suggested that Bitmain may already be mining with said ETH ASICs. To Fork, or Not to Fork? The Ethereum community has been stirred into action following reports that cryptocurrency mining giant Bitmain has developed — and

    · April 2, 2018 · 7:00 am
  • 5 Ways Bitcoin Has Already Changed Money Forever Bitcoin, Companies, Hardware, Mining, News, News teaser

    Intel May Make Bitcoin Mining Profitable for Individuals Again

    Intel Corporation is interested in developing specialty hardware for the mining of Bitcoin, which may help small-time miners once again turn profits. Intel to the Rescue According to a United States Patent Application released on March 29th, technology giant Intel is interested in creating specialized hardware for Bitcoin mining. The patent application was filed on September 23rd, 2016, and describes a Bitcoin mining hardware accelerator. According to the filing’s abstract, the patent is for “A System on Chip

    · April 1, 2018 · 2:00 am
  • Why Invest in Ethereum? Altcoin News, Ethereum, Mining, News, News teaser

    Ethereum Mining Faces ‘A Centralization Problem’

    As Ethereum (ETH) struggles to break free of its steep downward trend, rumors of a new Bitmain ASIC mining rig continues to hold the price down. A Changing Landscape for Ethereum Mining Rumors are swirling through the cryptocurrency market in regards to a new ASIC mining rig from Bitmain, built specifically for Ethereum mining. According to a CNBC report cited by TechCrunch, the rumors surfaced after analyst Christopher Rolland visited China and learned of a

    · March 28, 2018 · 8:00 am
  • Halong Bitcoin mining Bitcoin, Companies, Mining, News, News teaser

    Halong Dragonmint Saps Bitmain Mining Monopoly Days After Shipping

    Bitmain’s share of the Bitcoin mining pie dropped almost 10% in five days last week after Halong Mining released a major competitor mining rig. An Instant Challenge To Legacy Miners Data from Coin Dance uploaded to social media points to a rare trend downwards for Bitmain and BTC.com, beginning the week which included the shipping date of Halong’s first Dragonmint miners March 15. From March 14-19, Bitmain’s Antpool mining pool went from 17.3% of Bitcoin

    · March 20, 2018 · 12:00 pm
  • AsicBoost Halong's DragonMint Bitcoin Miner Set To Shatter Bitmains Mining Monopoly Bitcoin, Bitcoin Businesses, Bitcoin Technology, Mining, News, News teaser

    ‘Huge Development’: Overt AsicBoost Patent Crushes Bitmain Mining Monopoly

    Bitcoin mining rig manufacturer Halong Mining has announced its AsicBoost patent has joined the Blockchain Defensive Patent License (BDPL) scheme. Bitcoin Network Gets ‘Friendly’ AsicBoost The highly-anticipated move, which challenges existing mining monopoly of competitor Bitmain, could revolutionize Bitcoin mining, with Litecoin creator Charlie Lee describing it as a “huge development.” Halong’s acquired patent differs from Bitmain’s “covert” AsicBoost technology, which caused outrage in Bitcoin circles last year, the patent representing a way of saving

    · March 7, 2018 · 8:30 am
  • Bitmain Looking to Launch Canadian Bitcoin Mining Operation Bitcoin, Companies, Mining, News, News teaser

    Bitcoin Mining Giant Bitmain Raked in $3 to 4 Billion in Profits Last Year

    It’s no secret that Bitcoin mining was a profitable business venture last year — but just how profitable was it? First to the Gold Rush 2017 was an extremely profitable year for Bitmain Technologies Ltd., a privately owned Bitcoin mining company headquartered in Beijing, China. In addition to operating several of the world’s largest Bitcoin mining pools, Bitmain manufactures ASIC chips and the mining hardware that uses those chips. All total, the company raked in

    · February 25, 2018 · 3:00 pm
  • Is Graphics Card-based Crypto Mining at Risk of Extinction? Bitcoin, Bitcoin Price, Markets and Prices, Mining, News, News teaser

    As Crypto Winter Continues, It’s Survival of the Fittest Among Bitcoin Miners

    As the price of Bitcoin continues its steep correction in 2018, Bitcoin miners find themselves fighting over scraps. Hunger Games The price of Bitcoin has fallen roughly 70% from its all-time high of nearly $20,000 in mid-December. Early Tuesday morning, the price of one Bitcoin nearly touched $6,000, before bouncing back to $7000. While this sharp decline in price potentially signals a buying opportunity for some savvy investors looking to grab some of the dominant

    · February 6, 2018 · 9:00 pm
  • Bitmain Looking to Launch Canadian Bitcoin Mining Operation Altcoin News, Bitcoin, Legislation, Mining, News, News teaser

    Bitmain Looking to Launch Canadian Bitcoin Mining Operation

    In response to increased regulatory pressures in China, Bitmain wants to set up shop in Canada. Bitmain is one of the largest and perhaps the most well-known bitcoin mining and hardware companies in the world. Its primary operations are, as is expected for a company that’s headquartered in Beijing, located in Asia (notably central China and the autonomous Inner Mongolia) but, as per recent reports, it looks as though the company might be looking to

    · January 12, 2018 · 4:00 pm
  • Blockchain Search Engine Blockchair Receives Bitmain’s Backing, as it Pushes Towards Mainstream Exposure Bitcoin PR Buzz, Press releases

    Blockchain Search Engine Blockchair Receives Bitmain’s Backing, as it Pushes Towards Mainstream Exposure

    Bitcoin blockchain explorer and analytics search engine Blockchair has announced that it is now backed by Bitmain, a leading mining hardware manufacturer. The company also made its intentions to extend its support to the Ethereum blockchain known in the same announcement. [Note: This is a press release.] The Blockchair search and analytics engine is a supercharged blockchain explorer, giving users the ability to confirm blockchain transactions, filter blocks, outputs and check the Bitcoin blockchain. In

    · August 6, 2017 · 2:30 pm
  • pool Bitcoin, Bitcoin Businesses, Bitcoin Community, Bitcoin core, Bitcoin Technology, Mining, News, News teaser

    The Biggest Mining Pool is Now Signaling to Keep Bitcoin Whole

    BIP91 blocks have been successfully mined by BiXin and Antpool helping to allay fears that Bitcoin could split in the face of incompatibility between rival Segwit2x and BIP148 implementations. BIP91 (or Bitcoin Improvement Proposal 91) is the work of software engineer James Hilliard, it addresses incompatibilities between the competing SegWit2x and BIP148 protocols. Both bring SegWit to Bitcoin, except that SegWit2x refuses communication with BIP148, which would effectively cause Bitcoin to split in two. What’s

    · July 17, 2017 · 11:00 am
  • Bitcoin, Bitcoin ASIC Miner, Bitcoin core, Companies, Mining, News, News teaser

    Bug or Feature? Bitmain’s ‘Misunderstanding’ Response Receives Backlash

    Following the AsicBoost controversy, Bitmain has now responded to the accusations of having purposefully programmed a backdoor into the firmware of multiple Antminer models.  Bitmain Can Remotely Turn Off Its Miners In what is being called “Antbleed,” this backdoor could shut down 70% of the global Bitcoin network, which could put the world’s first decentralized cryptocurrency at great risk. “Bitmain has put themselves in a position where they can kill the majority of Bitcoin hashing power instantly,”

    · April 28, 2017 · 1:00 pm
  • Complete Turnaround Just a Day Later Litecoin, News, News teaser

    Litecoin: Bitmain Trades Sides, Supports SegWit Activation

    Litecoin’s problematic course towards Segregated Witness (SegWit) activation has ended in an unusual display of unity. Litecoin Roundtable: We ‘Unanimously Agree’ On SegWit Activation Following a meeting of Chinese cryptocurrency players including exchanges and miners, a consensus was reached on activating SegWit despite some participants having previously been against the idea. The so-called Litecoin Global Roundtable included Litecoin creator Charlie Lee, exchanges Huobi and Okcoin and formerly anti-SegWit mining pool Bitmain. Summarized minutes released from

    · April 21, 2017 · 9:10 pm
  • Bitcoin, Bitcoin ASIC Miner, Bitcoin Community, News, News teaser

    ASICBOOST: Bitmain to Respond ‘Soon’ to Exploit Accusations

    Bitmain CEO Jihan Wu has vowed to respond ‘soon’ to accusations the miner is exploiting a Bitcoin vulnerability to manipulate mining. Bitmain, Vulnerability Outing ‘Huge SegWit Confidence Boost’ A “covert” use of so-called ASICBOOST technology was circulated to the Core mailing list by contributor Greg Maxwell Wednesday. This would allow “a major manufacturer” to unfairly profit from centralization. While Bitmain was not named by Maxwell, community sources subsequently confirmed the company’s involvement. In case there

    · April 6, 2017 · 5:00 am
  • Tokyo Bitcoin, Bitcoin Community, News, News teaser

    Large Tokyo Bitcoin Meetup Turnout Includes Jihan Wu, Core Supporters

    Wednesday saw the largest Tokyo Bitcoin meetup “in years” take place at the Pink Cow in the Japanese capital’s Minato district. ‘No Arguments’ Despite Core, Unlimited Presence Featuring appearances from Roger Ver, Jihan Wu and others, the meetup, organized by Chinese platform Bitkan, focused only lightly on the current Bitcoin scaling problem, with speakers presenting a range of opinions on the current and future state of Bitcoin. Ver himself spoke on “the importance of Bitcoin’s economic

    · March 23, 2017 · 6:00 pm
  • Bitcoin protocol development Bitcoin, Bitcoin Businesses

    New $1.2 Million Grant Seeks Bitcoin Protocol Diversity

    A new grant project aimed at greater diversity in Bitcoin development is offering $1.2 million USD to fund programming teams working on the protocol. Also read: Waves Releases Full Node Code to Increase Network Decentralization Many High Profile Industry Backers In a post titled “A Statement from Members of the Bitcoin Community,” several prominent individuals and companies in the Bitcoin space declared their support. The two signers contributing to the grant fund are mining company Bitmain and

    · November 18, 2016 · 4:44 pm
  • BitPay Plans Support for Multiple Digital Currencies, Starting with Bitcoin Cash Bitcoin, Bitcoin Businesses, Bitcoin Technology

    Bitmain and Investors Announce 135 Megawatt State of The Art Data Center

    Bitmain has just announced a partnership with many investors and is in the midst of building a 135-watt data center. The data center will house many different companies and is located in China’s Xinjiang province. The entire data center will be made up of 45 different buildings with most sold before construction started.  Also Read: CoinAgenda Announces Startup Competition Winners Looking for a More Efficient, Cost-Saving Model The aim of the new data center is to

    · November 5, 2016 · 3:25 am
  • thminers Bitcoin, Bitcoin Businesses, Start-Ups

    THMiners Launches New ‘Top-Quality’ Bitcoin, Litecoin Mining Rigs

    The California-based THMiners Inc. has launched two new mining machines for bitcoin and Litecoin. Disclaimer: This article is sponsored  by Bitcoin PR Buzz. Bitcoinist is not affiliated with the firms represented by Bitcoin PR Buzz and is not responsible for their products and/or services. THMiners Releases Two New Mining Rigs   According to the company, the bitcoin miner is capable of producing 60 TH/s, while the Litecoin miner can reportedly produce 1200 MH/s. Starting at

    · October 11, 2016 · 5:26 pm