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Tag: ASIC

Chinese Bitcoin Mining Rig Makers Set to Make Billions with IPO Plans

Category: Altcoins, Bitcoin, Business, Finance, Investment, News

Chinese Bitcoin Mining Rig Makers Set to Make Billions with IPO Plans

The big three in the world of bitcoin mining equipment manufacturers are all planning to list in Hong Kong and raise billions of dollars in the process. An August 27, 2018, Reuters report examined how Bitmain, Canaan Creative, and Ebang are going about their billion dollar IPO plans. At a time when other participants in the space are reporting low…

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Computing Rigs Powering the Cryptocurrency Mining Industry

Category: Cryptocyclopedia, News

Computing Rigs Powering the Cryptocurrency Mining Industry

Over the last one year, the public interest in cryptocurrencies and related offerings has grown manifold. Irrespective of the falling prices, enthusiasm, and curiosity for digital assets continues to  persist While a majority of individuals are more interested in investing, few move towards other operational activities, mining being one of them. Cryptocurrency mining requires specific high-end hardware and algorithms to…

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Study Confirms Presence of ASIC Miners in Zcash Network

Category: Altcoins, Bitcoin, Blockchain, Mining, News

Study Confirms Presence of ASIC Miners in Zcash Network

The Zcash Foundation has historically maintained an anti-ASIC stance and condemns the rising threat of mining centralization. Now, the foundation collaborated with researchers to study and analyze the percentage of ASIC miners present across the mining network. Study to Detect ASIC Miners in Zcash Bitmain’s announcement to launch a dedicated Equihash ASIC miner was not taken well by the Zcash…

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Hackers Earned Over $96 Million by Fraudulently Mining Monero, Finds Research

Category: News

Hackers Earned Over $96 Million by Fraudulently Mining Monero, Finds Research

A significant malware trend in 2018 is the relatively new “crypto-jacking,” involving hacker groups infiltrating victim computers to mine cryptocurrencies. The most affected of the lot is privacy-protocol Monero, as research found out. Monero – The Hacker’s Favourite Coin According to a Security Boulevard report on June 13, 2018, over 5 percent of all Monero (XMR) has been mined using…

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Obelisk Takes the Lead in Fight against Mining Centralization with “Launchpad”

Category: Business, Mining, News, Tech

Obelisk Takes the Lead in Fight against Mining Centralization with “Launchpad”

Application Specific Integrated Chip (ASIC) manufacturer Obelisk has announced their ambitious plan to turn the ASIC-dominated crypto mining industry on its head with the release of the “Obelisk Launchpad,” a new community-focused service. Cryptosphere Is Sick of ASICs The release of Launchpad comes at a time when most significant cryptocurrencies are facing a threat from the burgeoning power of ASIC…

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Bitcoin Mining Chip Maker Canaan to List in Hong Kong

Category: Bitcoin, Business, Finance, Mining, News, Tech

Bitcoin Mining Chip Maker Canaan to List in Hong Kong

Hangzhou based Canaan Creative, the second largest Bitcoin mining hardware manufacturer in China is reportedly considering to bring its IPO to the Stock Exchange of Hong Kong instead of the New York Stock exchange in the US. The South China Morning Post reported that the company, founded by N.G. Zhang in 2013, is looking to raise up to $1 billion…

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Mining Is over? Advanced Miners Announces Revolution with ASIC on 12nm Chip!

Category: Press Releases

Mining Is over? Advanced Miners Announces Revolution with ASIC on 12nm Chip!

The mining market is in hands of several large companies. The actual ASIC mining-stations have become obsolete and wouldn’t give desired profit. As for the most up-to-date stations, their price is too high for mere mortals. Advanced Miners is here to change the situation and provide you the most up-to-date ASIC mining-stations and electricity at 3-4 cents per kilowatt. In…

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Hammering Home ASIC Resistance: Thoughts on the Monero Hard Fork

Category: Altcoins, Commentary, News

Hammering Home ASIC Resistance: Thoughts on the Monero Hard Fork

In this guest post, Ben Rodriguez and ‘thatmanontheright’ from the Vertcoin team outline their views on the Monero hard fork and the importance of ASIC resistance. Recently, there has been a lot of attention on ASICs and ASIC resistance. With the advent of ASICs for the Ethereum network, some coins pledged to be ASIC resistant through and through. Bitmain is…

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Everything You Must Know About Bitmain’s ASIC Miner For Ethereum

Category: Business, Commentary, Ethereum, News, Tech

Everything You Must Know About Bitmain’s ASIC Miner For Ethereum

In an announcement via Twitter on April 3, Chinese tech giant Bitmain said that they would release their much awaited Ethash ASIC miner. The tweet confirms widespread speculations about Bitmain’s product for Ethereum. The new ASIC will target the ETHash algorithm, currently used by Ethereum, Ethereum Classic and Ubiq. Fair Purchase Regulations In Place According to the website, the ASIC…

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ASIC Mining and How it Is Undermining the Decentralized Nature of the Blockchain

Category: Altcoins, Bitcoin, Blockchain, Business, Ethereum, Mining, News, Tech

ASIC Mining and How it Is Undermining the Decentralized Nature of the Blockchain

When the mysterious Satoshi Nakamoto put forth his ideas for the creation of bitcoin in the 2008 white paper, one of the most obvious philosophies was the elimination of centralized systems and their replacement with a decentralized network. This idea was not unique to Nakamoto alone as many of the pioneers of the blockchain were unanimous in their desire to…

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