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Tag: ASIC

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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Mega Mining Facility to be Established in Montana

Category: Bitcoin, Business, Mining, News, Tech

Mega Mining Facility to be Established in Montana

Crypto Watt LLC plans to establish a mega Bitcoin mining facility in the state of Montana in the United States. The company is reportedly investing over $75 million to develop and operate the mining hub. The plant is going to be built on a 53-acre industrial complex that has been acquired by the company in the cities of Butte and…

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Three Reasons Why it May be Vertcoin’s Time to Shine

Category: Altcoins, Commentary, News

Three Reasons Why it May be Vertcoin’s Time to Shine

Vertcoin (VTC) managed to push to its highest level since March 2014, flirting with the $1.00 handle recently. A boost in the number of active addresses on the network correlates with Litecoin’s Segwit activation during May 2017. VTC-BTC was a strong performer in August, with the largest monthly gain in over three years. Bitcoin’s SegWit activation and the rising tide…

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Maxwell Discovers Potential Covert Use of AsicBoost, Encourages SegWit Activation

Category: Bitcoin, Blockchain, News, Tech

Maxwell Discovers Potential Covert Use of AsicBoost, Encourages SegWit Activation

On April 6, Blockstream CTO and Bitcoin Core developer Greg Maxwell revealed on the Bitcoin development mailing list that a specific ASIC miner manufacturer had been covertly using AsicBoost to increase its mining revenue by at least 30 percent; many sources have reported it is indeed Bitmain, perhaps explaining their inertia regarding SegWit. Developed by former CoinTerra CTO Timo Hanke…

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