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Bitmain


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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Cryptocurrency mining specialist Bitmain may be quietly developing new facilities in America’s Pacific Northwest, documents suggest. While nothing has been stated publicly by Bitmain over the project, the bitcoin miner producer appears be connected to a new company called Ant Creek, LLC, that, reports say, is trying to build mining facilities in Washington state. According to …

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Bitcoin mining hardware giant Bitmain announced Wednesday that it intends to invest in as many as thirty startups working to create “private central banks” powered by blockchain. Co-founder Jihan Wu gave the first keynote address at the DC Blockchain Summit, hosted by the Chamber of Digital Commerce and Georgetown University’s Center for Financial Markets and …

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Chinese mining hardware giant Bitmain has reportedly made higher profits in 2017 than long time American graphics processing unit (GPU) manufacturer Nvidia, CNBC reported Feb. 23. CNBC writes that according to a report published Feb. 21 from investment research company Bernstein, the four-year-old Bitmain reportedly made between $3 and $4 billion in operating profit in …

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A mining company backed by Bitfury is set to become publicly listed later this month in Canada. Bloomberg reports that Hut 8 Mining Corp will appear on the TSX Venture Exchange, headquartered in Toronto. Back in December, Hut 8 announced that it was partnering with Bitfury in order to “acquire, install, maintain and operate North …

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Technology giants Samsung are said to be entering the cryptocurrency world in a move that has positive ramifications for miners at large. As reported earlier this week in Korean news outlet The Bell, the South Korean conglomerate will produce Application-Specific Integrated Circuits (ASIC) processing chips in its own foundry in a deal with Taiwanese manufacturer …

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Samsung announced a deal on Monday, Jan. 29 to manufacture ASIC mining hardware with Taiwanese manufacturer TSMC. “Mass production” of the ASIC chip has already begun in January, according to Korean news outlet The Bell. An ASIC chip, which stands for Application-Specific Integrated Circuit, is a specialized piece of hardware designed to only mine cryptocurrencies …

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Chinese mining giants Bitmain caught the mining community off guard on Wednesday with the surprise launch of a new cryptocurrency miner. The infamous Chinese company has had a chequered past among the cryptocurrency community, being embroiled in the scaling debate in 2017 which saw Bitmain lean towards support of Bitcoin Cash. It now sees as …

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