ASIC miners are hugely profitable machines – provided you’re the manufacturer. That’s the view of Siacoin lead developer David Vorick, who’s published his thoughts on the monopoly enjoyed by manufacturers such as Bitmain and Halong Mining. In “The State of Cryptocurrency Mining”, Vorick also accuses manufacturers of using the machines themselves, before passing them on […]
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Not too long ago, Bitmain unveiled its new Antminer X3 ASIC miner. This particular device will let users mine CryptoNight-capable currencies at a higher than normal pace. One currency notably absent from the list of coins to be mined is Monero, as its developers introduced an emergency hard fork to address this problem well in advance. All of this makes one wonder how long Bitmain has been using the new ASIC. The Use Cases for Bitmain’s X3 ASIC While it is evident there are plenty of CryptoNight cryptocurrencies on the market today, most people would buy the Antminer X3 to mine Monero. Out