ASIC

BitTorrent Creator Calls Vitalik’s ASIC-Resistant Proof-of-Work ‘A Pipe Dream And a Bad Idea’

Bran Cohen, best known as author of the peer-to-peer (P2P) BitTorrent protocol, has responded to some of Vitalik Buterin’s opinions about the state of technology around cryptocurrencies. On Nov. 25, Cohen, also the current CEO of the Chia network, explained in a Twitter thread why he considers many of Vitalik’s opinions in his Nov. 22 …

BitTorrent Creator Calls Vitalik’s ASIC-Resistant Proof-of-Work ‘A Pipe Dream And a Bad Idea’ Read More »

Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq

<header class=”article__header”> </header> <strong>Mining rig manufacturer Canaan has filed for an IPO with the U.S. Securities and Exchange Commission to raise $400 million on the Nasdaq Global Market. Prior to this filing, the company had also attempted to go public in Hong Kong and China. Credit Suisse and Citigroup are among its underwriters.</strong> Also read: …

Avalon Mining Rig Maker Canaan Files for $400M IPO on Nasdaq Read More »

Next Bitcoin Halving May Not Lead to Bull Market, Says Bitmain CEO

Jihan Wu, co-founder and CEO of Chinese mining giant Bitmain, believes the next Bitcoin (BTC) block reward halving may not lead to a bull market, but the coin’s price will grow in the long term. According to Chinese industry news outlet 8BTC’s report published on Oct. 11, Wu made his remarks during the World Digital …

Next Bitcoin Halving May Not Lead to Bull Market, Says Bitmain CEO Read More »

A Short History of the World’s Largest Bitcoin Mining Pools

<header class=”article__header”> </header> <strong>Mining pools grow and shrink, and rise and fall altogether. Today there are more extinct mining pools than there are active ones. The hashpower of the survivors secures hundreds of PoW crypto networks, from major coins such as <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> and <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> to …

A Short History of the World’s Largest Bitcoin Mining Pools Read More »

Mining ASIC Giant Bitmain Lost $625 Million, Expects Profits in April

Chinese mining and mining Application Specific Integrated Circuit (ASIC) manufacturer Bitmain lost $625 million in the first two months of this year, local media QQ reports on Aug. 2. Hundreds of millions lost Per the report, the firm sustained losses of $625 million by March, $345 during January, and $280 million during February. Those results …

Mining ASIC Giant Bitmain Lost $625 Million, Expects Profits in April Read More »

7 Unorthodox Ways to Mine Bitcoin

<header class=”article__header”> </header> <strong>Bitcoin isn’t crazy – in fact it might just be the soundest monetary system this generation has ever known. Some of the techniques miners have devised to extract it, however, are extremely unorthodox, ranging from the ingenious to the downright crazy. Here are seven of the strangest attempts at extracting bitcoin ever …

7 Unorthodox Ways to Mine Bitcoin Read More »

PR: Bitcoin.com Announces Mining Partnership With Bit Mining

<header class=”article__header”> </header> Bitcoin.com and Bit Mining are excited to announce a business partnership focusing on <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BCH” target=”_blank” rel=”noopener noreferrer”>BCH</a> and <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> mining. A New Beginning This joint endeavor is between Bitcoin.com, a company dedicated to spreading BCH and BTC adoption, and Bit Mining, a blockchain ecosystem builder …

PR: Bitcoin.com Announces Mining Partnership With Bit Mining Read More »

Australian Securities Regulator Releases Cryptocurrency, Mining, ICO Guidelines

The Australian Securities and Investment Commission (ASIC) published new initial coin offering (ICO) and cryptocurrency guidelines on its official website on May 30. The regulator detailed the prerequisites that a cryptocurrency business needs to follow in order to comply with both the Australian Corporations and ASIC Acts, but did not cover regulations enforced by other …

Australian Securities Regulator Releases Cryptocurrency, Mining, ICO Guidelines Read More »

Ethereum Core Devs: Funding for ProgPoW 3rd-Party Audit Approved

Ethereum (ETH) core developer Hudson Jameson announced that a third-party audit of the Application Specific Integrated Circuit (ASIC)-resistant proof-of-work algorithm ProgPoW has been funded. The dev made the announcement during the latest bi-weekly Ethereum core developer meeting held on April 26. During the call, it was specified that the targeted funding amount of 50,000 units …

Ethereum Core Devs: Funding for ProgPoW 3rd-Party Audit Approved Read More »

Report: Chinese Publicly Listed Construction Company Turned Mining Firm Lost Over $23 Million

Chinese publicly listed construction company turned to cryptocurrency mining firm, Huatie HengAn, has reportedly been sold after its value decreased by over 90%. The development was reported by English-language local crypto-focused media 8btc on April 19. The firm has been reportedly sold for around 12 million yuan ($1.8 million), after its value decreased from 170 …

Report: Chinese Publicly Listed Construction Company Turned Mining Firm Lost Over $23 Million Read More »