Estonian IT company inks $26M crypto mining deal with Bitmain
Burfa intends to purchase new cryptocurrency mining equipment from Bitmain to boost its data-center capacity. Go to Source Powered by WPeMatico
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Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021
Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull … Read more
BTC Mining Devices ‘Out of Stock’ Worldwide- 6 Chinese Mining Rig Makers Dominate the ASIC Industry in 2021
While bitcoin prices have slid in value and the high network difficulty, the leading crypto asset is still quite profitable to mine according to current data. Despite the profitability, these days there are only a few manufacturers producing application-specific integrated circuit (ASIC) machines. Microbt, Bitmain Sell the Most Profitable Bitcoin Miners on the Market, But … Read more
Report: ASIC Giant Bitmain Pre-Orders 5nm Chips Produced by TSMC’s N5 Process
Bitmain, one of the largest application-specific integrated circuit (ASIC) manufacturers in the world, is reportedly working with the Taiwan Semiconductor Manufacturing Company (TSMC) in order to leverage TSMC’s 5nm semiconductors. Industry sources say that the 5nm chips being created for Bitmain will start production in the third quarter. Chip Maker TSMC Reportedly Producing Semiconductors for … Read more
Bitmain Cofounder Jihan Wu Says ‘Crypto Industry May Surpass the Internet’
During the Second 421 Wet Season Festival and Mining Ecology Conference the Chairman of the Bitdeer Group and cofounder of Bitmain, Jihan Wu spoke about institutions flocking to cryptocurrency mining. During the event Bitdeer outlined the company’s computing partnerships and its plans to make digital currency mining greener. Bitmain’s Cofounder Jihan Wu Is Optimistic About … Read more
Bitmain Reveals New Antminer E9 Ethereum Miner, ASIC Device Commands 3 GH/s Hashrate
The cryptocurrency mining rig and ASIC chipmaker Bitmain revealed a new digital currency mining device that’s dedicated to mining ethereum. While the Ethereum network is slowly transitioning from proof-of-work (PoW) to a proof-of-stake (PoS) system, Bitmain’s new Antminer E9 aims to be one of the fastest ether miners on the open market. Antminer E9 Mining … Read more
US firm splashes out on 4,800 Bitcoin miners worth $34M
A U.S. firm expects to double its Bitcoin hashing power after the purchase of 4,800 new S19J mining rigs from Bitmain. Go to Source Powered by WPeMatico
Texas Bitcoin Mining Swells- Riot Purchases Mining Site for $650M, Blockcap Establishes HQ in Austin
The Lone Star State of Texas is solidifying its role as a bitcoin mining and blockchain hub. This week two major bitcoin mining companies established operations in Texas. The company Riot Blockchain purchased a mining site in Rockdale and the bitcoin mining firm Blockcap announced establishing headquarters in Austin. Blockcap Sets Up Headquarters in Austin, … Read more
Riot Blockchain purchases 42,000 Antminers from Bitmain
The $138.5 million deal will add an estimated 3.7 EH/s to Riot’s existing and planned mining capacity. Go to Source Powered by WPeMatico
Ether Hashrate Climbs to New Heights, Reports Say a 2,000 Megahash ETH Miner Set to Drop This Summer
In December 2020, the mining rig manufacturer Innosilicon released a new ethereum miner called the Innosilicon A10 Pro+, which processes Ethereum-based hashrate at around 750 megahash per second (MH/s). Regional reports have noted Innosilicon is dropping a new ether mining rig this summer that processes speeds of up to 2,000 MH/s. Additionally, during the course … Read more