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Unconfirmed reports indicate that Canaan Creative is gearing up for a $1 billion IPO in Hong Kong. The Chinese Bitcoin mining hardware manufacturer had earlier announced plans for an IPO outside of mainland China. If successful, Canaan will become the first blockchain enterprise to be listed on the Hong Kong Bourse. Hong Kong and Not the United States Reports emerged in April that Canaan Creative was eyeing an IPO. At the time, the available narrative
There has been a lot of talk in the news recently about how much energy Bitcoin mining uses and its potential impact on the environment. Today we explore just how much energy Bitcoin mining really uses and 5 possible ways to reduce or offset its power consumption. In 2011, Google revealed that it used enough energy from fossil fuels to continuously power 200,000 homes, which is about one quarter the output of a nuclear power
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
Nvidia, AMD, Intel and Micron as makers of hardware mining tools, such as GPUs and ASIC-based mining solutions, are tapped to profit the most from the new internet gold rush. Heigh-Ho, Heigh-Ho, It’s Off To Work We Go As the price of Bitcoin rises it has the knock-on effect of causing a rise in the rest of the cryptocurrency market with most other altcoins also seeing sizeable gains in value. These coins can be “mined” with
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,”
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
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
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
BW, one of the world’s leading Bitcoin mining hardware manufacturers, have posted an update regarding the status of their 14nm mining chip. As mining chips become smaller, they should consume less energy each while offering the same – or more – hashing power. So far, it seems BW has sold out their first batch of miners already, which is a positive sign for things to come. Also read: Uphold Partners With YES BANK To Strengthen
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
Green candles dominated the charts for most of the week, as the bitcoin price climbed upwards towards $400. We finally broke that barrier late in the week, reaching $403.20 as it came to a close, making for a total gain of 7.22%. The week was also marked with some rather significant news. To name a few stories that broke this week: Valve may be accepting bitcoin in the near future, Coinbase adopted Bitcoin Classic, and
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
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
KnCMiner is one of the most prominent companies in the Bitcoin mining scenes, and they have gotten a lot of attention in recent years. Additionally, the company has seen its fair share of success, and KnCMiner data centers have been erected in multiple places. According to an article by PCWorld, a new four-week data center build-out is scheduled for the company. Also read: Russia’s Sberbank Openly Shows Interest in Blockchain Technology KnCMiner Raises The Bar
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, 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
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
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
