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Bitmain


New code is set to be released that would make obsolete the mining hardware designed by chip maker Bitmain for the decentralized storage protocol siacoin. Revealed in an email obtained by CoinDesk, Obelisk, a startup that aims to offer alternative mining equipment for the protocol, has proposed code would give those running the software the …

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Bitmain Technologies, Ltd. is about to go public. According to documents obtained by CoinDesk, the cryptocurrency mining company is filing for an initial public offering (IPO) potentially as high as $18 billion this September at a market capitalization of $40 to $50 billion. It will be listed on the Hong Kong Stock Exchange in Q4 …

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Bitcoin mining hardware giant Bitmain is officially setting up shop in Rockdale, Texas, and expects to launch mining operations early next year. The firm confirmed Monday that it is investing $500 million over the next seven years into a new blockchain data center in the U.S. state as part of its “strategic investment and expansion …

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“We joke about it being bitcoin’s ‘unprofitability’ calculator.” That’s how CEO of RandomCrypto, Josh Metnick, described his newly released tool that calculates the profitability of bitcoin mining – the process of solving puzzles to earn bitcoin, usually only possible with expensive processors called ASICs. Revealed exclusively to CoinDesk, Metnick hopes the new calculator will improve on …

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Semiconductor manufacturing giant TSMC said Thursday that it expects demand for cryptocurrency mining-related products to cool off during the third quarter of this year. The company – which manufactures components for bitcoin mining chip makers, including Bitmain – announced its second-quarter results, reporting that it made $7.85 billion in revenue. That figure represents a decline of 7.2 …

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EOS protocol maker Block.one has received new backing from a number of big-name investors, including PayPal co-founder Peter Thiel. In a fresh round of funding – the amount of which was not disclosed – Block.one, the company behind what has now become the fifth-most valuable cryptocurrency by market capitalization, has added Thiel, Bitmain and hedge fund …

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Chinese bitcoin mining giant Bitmain has reportedly closed a Series B round funding, which values the firm at approximately $12 billion. Chinese business media Caixin reported on Friday citing anonymous sources familiar with the deal that although the exact number of the new equity financing is unknown, it’s somewhere between $300 million to $400 million. …

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If you can’t beat ’em, join ’em. The age-old idiom may be particularly relevant for David Vorick, the co-founder of the Sia blockchain, whose new project aims to fight powerful crypto mining chip manufacturers by bringing competition to the sector. To do this, Vorick launched Obelisk, a new chip manufacturing business last year, an effort he …

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Mining hardware giant Bitmain has been criticized over one of its latest mining products, the AntMiner B3, with Chinese users making allegations about its marketing tactics and quality control. According to a blog post from the AntMiner’s official WeChat account, the new product – dedicated to mining BTM, the native token of the Bytom blockchain …

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Brick ’em? Maybe not anymore. What was once a phrase that echoed across message boards, one that defined an aggressive shift in sentiment against the companies that today make hardware required to run cryptocurrency software, is falling out a fashion as the so-called ‘War on Miners‘ enters a less decisive period. Indeed, in the wake …

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Bitmain has unveiled a new cryptocurrency mining hardware product dedicated to the Equihash algorithm, which is used by the privacy-oriented cryptocurrency zcash. The Equihash application-specific integrated circuit (ASIC) was announced Thursday, with shipments expected to begin in June, according to Bitmain’s website. The Antminer Z9 mini’s release comes exactly a month after the formal debut …

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The Taiwan Semiconductor Manufacturing Company (TSMC) has reported strong financial results in the first quarter of 2018, figures driven by a growth in orders for cryptocurrency mining chips. During its shareholder conference call on Thursday, the world’s largest independent semiconductor maker said it generated 248 billion Taiwan new dollars (US$8.5 billion) in sales revenue for …

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China’s crypto mining giant, Bitmain, is one step closer to establishing mining facilities in Washington state. The Port of Walla Walla – Walla Walla county’s economic development agency – unanimously approved a land lease and purchase option that would allow Bitmain to build its new crypto mining facility. The company’s Ant Creek subsidiary will be …

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‘ASIC-resistant no more? That’s the question circulating Tuesday in the wake of news that Bitmain, the China-based maker of hardware specialized for cryptocurrency software, had developed a new “ASIC” mining chip designed specifically to process ethereum transactions and claim the protocol’s rewards. Bitmain confirmed the release of its Antminer E3 chips, which will retail for …

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Bitcoin mining hardware firm Bitmain unveiled its long-rumored ethereum mining tech on Monday. The Antminer E3 is set to ship this July, according to Bitmain’s website, at a price of $800 per unit. According to statements, the company is limiting orders to “one unit per user” with restrictions on shipping to China and Taiwan. The …

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Developers are preparing to go to lengths to keep one of the world’s largest cryptocurrencies free from the encroaching interests of big business. While a high-speed hardware known as an ASIC has been used to secure bitcoin transactions for years, mining hardware manufacturer Bitmain recently announced a new model, the Antminer X3, that has been …

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Bitmain’s just-released ASIC-powered Antminer X3, designed to mine the CryptoNight hashing algorithm used by Monero (XMR), may not be effective by its first release in May 2018, according to an article by The Next Web published yesterday, March 16. The new Antminer, announced on Bitmain’s Twitter on March 15, comes at two price points: $11,999 …

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Marc Hochstein is the managing editor of CoinDesk.  The following article originally appeared in CoinDesk Weekly, a custom-curated newsletter delivered every Sunday exclusively to our subscribers. With all the regulatory actions and anti-climactic cable television appearances last week, you may have missed some telling news from two of the cryptocurrency space’s bonafide unicorns. First, Coinbase announced two high-profile hires: Emilie …

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OB1, the development company behind decentralized online marketplace OpenBazaar, has raised $5 million in a Series A funding round According to a press release, investors in the round include Chinese bitcoin mining giant Bitmain and Canadian VC firm OMERS Ventures. While some blockchain companies see initial coin offerings as an alternative to traditional fundraising, players …

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The major Chinese cryptocurrency mining hardware manufacturer Bitmain is reportedly involved in the development of Ant Creek mining centers in the US. According to the business data website companies-number.com, Bitmain’s co-founder Jihan Wu is the sole “governing person” of the Ant Creek LLC in Tumwater, Washington. According to local newspaper the Union Bulletin, Ant Creek …

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