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Africa Blockchain Conference 2018 • May 23-24, 2018

Organized by The Blockchain Association of Uganda, with support from the Government of Uganda, the Africa Blockchain Conference will concentrate…

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Tag: Bitmain

USDT Killer? Circle Announces USDC and Raises $110 Million in Series E Funding

Category: Altcoins, Business, Finance, News

USDT Killer? Circle Announces USDC and Raises $110 Million in Series E Funding

Bitmain has led a $110 million investment in Circle Internet Financial, in a funding round that values the company at $3 billion. Circle has also announced plans to launch USDC, a stable coin pegged to USD. Circle Bitmain Partnership The investment is the largest ever raised by a cryptocurrency or blockchain company, eclipsing $107 million raised by banking consortium R3….

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Mining Conglomerates Turn to Ethereum in Search of Better Profits and Network Control

Category: Altcoins, Business, Ethereum, Finance, News

Mining Conglomerates Turn to Ethereum in Search of Better Profits and Network Control

Built on the ethos of a completely decentralized network, Bitcoin’s protocol is unfortunately maintained by profit-driven mining entities like Bitmain, that place greater interest in their own benefit rather than the technology’s. Now, the mining giant is looking to achieve greater mining control in other coin protocols as well, such as Ethereum. Centralization vs. Profits: Ethereum and Bitmain While Bitcoin…

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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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Chinese Police Seize 600 Bitcoin Mining Equipment and Arrest Unauthorized Miners

Category: Altcoins, Bitcoin, Business, Mining, News, Regulation

Chinese Police Seize 600 Bitcoin Mining Equipment and Arrest Unauthorized Miners

China has since placed a blanket ban on initial coin offerings (ICOs), bitcoin, and the altcoins but the autocratic government is yet to impose an embargo on Bitcoin mining. Now, the local police force has arrested some miners and seized their machines as well as mining equipment, citing power theft. Illegal Mining Activity Per Chinese news outlet Xinhua, the police…

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Washington County Gives Go-Ahead for Bitmain’s Subsidiary Ant Creek’s Mining Operation

Category: Altcoins, Bitcoin, Business, Commentary, Mining, News, Regulation

Washington County Gives Go-Ahead for Bitmain’s Subsidiary Ant Creek’s Mining Operation

On April 13, 2018, Bitmain, the Chinese cryptocurrency mining giant, and the Port of Walla Walla in Washington State discussed terms for a ten-acre land lease, said local news reports. The land shall be used to develop a “small scale operation” for Bitmain’s subsidiary – Ant Creek LLC. Public Concerned about Electricity Usage As per the report by Union Bulletin,…

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Vitalik Buterin Rebuffs Proposal for Hard Fork to Act Against Ethereum ASICs

Category: Commentary, Ethereum, News, Tech

Vitalik Buterin Rebuffs Proposal for Hard Fork to Act Against Ethereum ASICs

In a recent bi-weekly developer meeting, Ethereum co-founder Vitalik Buterin has come out against the proposal for a hard fork that would disable Ethereum ASICs. The hard fork proposal would mean the blockchain changes its software to limit the performance of ASIC mining hardware, which is designed to yield the majority of block rewards and represents increased centralization. The EIP…

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Monero’s Scheduled Upgrade to Soon Reveal the Extent of ‘Secretive’ ASIC Mining

Category: Altcoins, Blockchain, News, Tech

Monero’s Scheduled Upgrade to Soon Reveal the Extent of ‘Secretive’ ASIC Mining

On April 6, Monero conducted its bi-annual scheduled upgrade, or hard fork, to increase the minimum ring size and alter the Proof of Work to nullify Bitmain’s ASIC miners. As for the success of the move, the next ten days or so will inform us of the effectiveness of the controversial decision by the Monero developers to stamp out ASICs,…

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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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Bitmain Moves Toward Artificial Intelligence after Bitcoin Dominance

Category: Bitcoin, Business, News, Tech

Bitmain Moves Toward Artificial Intelligence after Bitcoin Dominance

By its own reckoning, Bitmain built 70 percent of all the computers on the Bitcoin network. It makes specialized chips to perform the critical hash functions involved in mining and trading bitcoin and packages those chips into the top mining rig; the Antminer S9. Now the tech giant is looking to Artificial Intelligence. Apart from Bitcoin and cryptocurrency mining, Jihan…

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The Fiery ASIC Debate Engulfs the Bitcoin and Monero Communities

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

The Fiery ASIC Debate Engulfs the Bitcoin and Monero Communities

Changing the algorithm of many major cryptocurrencies is on the menu! As concerns about miner centralization begin to intensify, a few cryptocurrency communities are considering a change in the underlying algorithm to kill ASICs, specialized hardware machines that improve the efficiency of mining. Monero will conduct a Proof of Work (PoW) change in the upcoming April 6 release, Lithium Luna,…

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