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Blockchain Brunch Hamptons White Party • August 21, 2018

 With the SEC decision on the third Bitcoin ETF likely just four weeks away. Right now, there is no better…

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Tag: ASICs

Central City Rockdale Reinvents Itself from Mining Coal to Mining Bitcoin

Category: Bitcoin, Business, Mining, News

Central City Rockdale Reinvents Itself from Mining Coal to Mining Bitcoin

Rockdale, a town in central Texas, has made headlines due to plans of converting their town from mining coal, into mining bitcoin according to local reports on July 20, 2018. Bitmain Invades, Again In a post-industrial society, many areas that relied on the extraction of raw resources such as coal are beginning to face an economic struggle. Luminant, Texas’s largest…

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Before Launching its IPO, Bitmain Raises Another $1 Billion in Funding

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

Before Launching its IPO, Bitmain Raises Another $1 Billion in Funding

The world’s biggest mining conglomerate Bitmain announced the digital currency mining giant wants to gather $1 billion in funding before launching its IPO according to Chinese media outlet Toutiao. In May 2018, the company was already able to complete its pre-IPO Series B funding of $300 to 400 million headed by Sequoia Capital. Bitmain Files HKSE Application The announcement reports…

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Bitcoin Mining Behemoth Bitmain now Worth $12 Billion, Invests in Opera Browser

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

Bitcoin Mining Behemoth Bitmain now Worth $12 Billion, Invests in Opera Browser

The largest and most potent bitcoin mining firm on the planet, Bitmain has reached yet another significant milestone in its history. The ASIC manufacturer has now hit the $12 billion valuation mark after a successful Series B Financing round and has also pumped money into Opera Ltd., the makers of favorite Opera browser. A Giant Gets Bigger Per a Finance…

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Bitcoin Gold to Implement New PoW Algorithm Preventing Future 51 Percent Attacks

Category: Altcoins, Mining, News, Tech

Bitcoin Gold to Implement New PoW Algorithm Preventing Future 51 Percent Attacks

Bitcoin Gold (BTG) will switch to a new Proof-of-Work (PoW) algorithm after the recent 51 percent and double spending attack on the protocol. ASIC Miners to Face Unprofitable Times In an official announcement on June 4, 2018, the BTG organization laid out changes to their blockchain expected in the upcoming network upgrade to be accomplished via a “Hard Fork.” The…

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The Long and Winding Road: AEON Follows Monero’s Lead to Nullify ASICs

Category: Altcoins, Commentary, Mining, News

The Long and Winding Road: AEON Follows Monero’s Lead to Nullify ASICs

After an extended period of uncertainty, AEON has forked following the lead of Monero to nullify ASIC miners from the network on June 3. A Long Road The smaller, and more agile, project, however, did face some nerve-wracking moments, with some miners expressing concern about the profitability. AEON aims to be a lighter version of Monero and implement mining on…

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Zcoin Introduces Merkle Tree Proof to Prevent ASIC Mining

Category: Altcoins, News, Tech

Zcoin Introduces Merkle Tree Proof to Prevent ASIC Mining

On May 30 the Zcoin team announced it was introducing a working version of the Merkle Tree Proof (MTP) algorithm to help prevent miners using ASIC equipment to mine the coin. With this move, the team wants to reassure its community that there are they are also much concerned with this issue and are trying to do everything in their…

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Hardware Companies Are Launching Dedicated ASIC Miners for Decred

Category: Altcoins, Business, Mining, News, Tech

Hardware Companies Are Launching Dedicated ASIC Miners for Decred

The autonomous and privacy-oriented digital currency Decred, which launched on February 8, 2016, at $1, is now trading at $91 as of May 30, 2018. At a time when the rest of the market is declining, Decred’s price rise has not escaped the attention of the cryptocurrency mining community either. As such, hardware companies are now launching dedicated ASIC miners…

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First-Time Disclosure: Crypto Sales Account for 9 Percent of Nvidia’s Q1 Revenue

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

First-Time Disclosure: Crypto Sales Account for 9 Percent of Nvidia’s Q1 Revenue

Graphics processor maker Nvidia Corp. disclosed that sales of graphics processing units (GPUs) to cryptocurrency miners equated to $289 million in the first quarter of 2018, forming only nine percent of its overall reported revenue of $3.21 billion for the period. Financial analysts had estimated sales of around $200 million on account of crypto miners. The first period did see…

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Zcash Doubles Efforts On Investigating ASIC Resistance

Category: Altcoins, Mining, News, Tech

Zcash Doubles Efforts On Investigating ASIC Resistance

Zcash’s efforts in investigating ASIC resistance have been renewed, thanks to the announcement of an upcoming ASIC from Bitmain. While the Zcash Foundation isn’t committing to anything as of yet, they are continuing to take community feedback on this topic. Zcash Foundation Commits to Researching ASIC Resistance While they are in the already looking at a proposed ballot for their…

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Antminer Z9: Here’s All You Need To Know!

Category: Altcoins, Business, Finance, Mining, Tech

Antminer Z9: Here’s All You Need To Know!

In an announcement via Twitter on May 3, 2018, Chinese crypto-mining giant Bitmain launched the Antminer Z9 mini, their dedicated Equihash Miner, which targets the mining of the Equihash algorithm used by coins such as zcash, komodo, and bitcoin gold. Bitmain’s Increased Product Range The product launch comes exactly a month after Bitmain announced their ethereum-focussed application specific integrated circuit…

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