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Canaan Unveils Cutting-Edge Avalon 14 Series Bitcoin Miners
12.9.2023
At the “Avalon Bitcoin & Crypto Day” conference in Singapore, the bitcoin mining application-specific integrated circuit (ASIC) manufacturer Canaan showcased its new Avalon-made 14 series mining rigs. One of the mining machines, the A1466I, boasts an energy efficiency of fewer than...
Micro $3 Bitcoin miners won’t make bank, but that’s not the point: Inventors
5.9.2023
Pocket-sized Bitcoin miners are a stand against the “secrecy and exclusivity” of the Bitcoin mining industry, according to their inventors
Bitmain’s Upcoming Monero ASIC Miner Sparks Anxious Buzz Within XMR Community
28.8.2023
In an announcement on Sunday, cryptocurrency mining rig manufacturer Bitmain revealed its intention to sell a machine designed for mining the digital currency monero (XMR). The machine boasts a hashrate of 212 kilohash per second (KH/s), and the firm asserts that it is the first...
Bitmain Dispatches Initial KS3 Antminers Amid Surge in Kaspa’s Hashrate
22.8.2023
According to Bitmain, the well known crypto ASIC mining rig manufacturer, the company has shipped its first batch of KS3 Antminer machines. Despite each rig costing $49,800, Bitmain sold out of the first batch and announced another batch of KS3 Antminers would be available soon. As Kaspa’s...
Kiyosaki: Buy Silver Before It’s Gone; Michael Burry Bets Against Stocks — Week in Review
20.8.2023
Rich Dad Poor Dad author Robert Kiyosaki urges buying silver before it’s gone, hedge fund manager Michael Burry has bet $1.6 billion on the stock market collapsing, and mining rig manufacturer Bitmain is set to reveal a cutting-edge BTC miner at the 2023 World Digital Mining Summit. This...
Canaan Cuts Bitcoin Mining Power by 2 EH/s Amid US, Kazakhstan Challenges
20.8.2023
Canaan, a leading high-performance computing firm and mining rig producer, recently disclosed hurdles set to dent its bitcoin mining activities and revenue from Q3 2023 onward. These setbacks primarily stem from diminished operational hours of their mining devices. This revelation comes hot on...
UK Researchers Claim New Tech Supercharges Bitcoin Mining With 260% Faster Hash Detection, Slashes Energy Use
19.8.2023
Quantum Blockchain Technologies (QBT), a research firm hailing from the U.K., purports to have spearheaded a revolutionary leap in bitcoin mining tech. They’ve unveiled certain methods that reportedly enhance the chances of pinpointing a winning hash. One such strategy, dubbed “Method...
Bitmain to Reveal Groundbreaking Antminer S21 at 2023 World Digital Mining Summit
15.8.2023
Reports have surfaced that Bitmain, the well known mining rig manufacturer, intends to unveil a cutting-edge bitcoin (BTC) miner at the 2023 World Digital Mining Summit (WDMS) in Hong Kong this coming September. The device, christened the Antminer S21, is being hailed by Bitmain as...
TSMC Advances Towards 2-Nanometer Chips in Taiwan; A Breakthrough That Could Revolutionize Bitcoin Mining
10.8.2023
Taiwan Semiconductor Manufacturing Co. (TSMC) is taking bold strides toward the future of semiconductor technology, planning to manufacture next-generation 2-nanometer (nm) chips at a new plant in Kaohsiung, Taiwan. Reports detail that the date for mass production remains undecided, with...
Core Scientific's bankruptcy plan includes equity stake for Bitmain and Anchorage
8.8.2023
If the plan is approved, Core Scientific could buy 27,000 Bitmain miners for roughly $23 million in cash and $54 million in company equity
Bitmain, Anchorage Expected to Take Equity in Bitcoin Miner Core Scientific as Part of Bankruptcy Plan
8.8.2023
The world's largest machine maker is set to take a $54 million stake in Core Scientific as the miner emerges out of Chapter 11 proceedings
Amid Sanctions, Bitcoin Mining Machines Are ‘Flowing’ Into Russia, as Industry Thrives
28.7.2023
Mining rig makers like Bitmain and MicroBT are expanding to Russia as the U.S. market becomes saturated, source said
Auradine Unveils Teraflux, New Line of US-Crafted Bitcoin Mining Rigs Providing Up to 270 TH/s
27.7.2023
According to a press release published July 25, 2023, Auradine, a new competitor in the blockchain infrastructure sector, is entering the application-specific integrated circuit (ASIC) bitcoin mining industry with a line of bitcoin mining rigs known as the Teraflux series. Auradine’s...
ASIC Manufacturer Bitmain Unveils $38K Filecoin Mining Rig
22.7.2023
Bitmain, the mining rig manufacturer, has announced the launch of a new rig that mines the digital currency filecoin (FIL). Similar to the company’s KAS Miner KS3, the new FIL miner carries a hefty price tag of $38,888 per machine. Bitmain Introduces On-Rack Filecoin Miner Bitmain announced...
Samsung’s 3nm GAA Chip Discovered in Microbt’s Next-Gen Bitcoin Mining Rig
20.7.2023
According to reports, the 3-nanometer (nm) Gate-All-Around (GAA) semiconductor from Samsung has been discovered in use after a year since its release. Until now, there were no confirmed applications of the technology. Techinsights found Samsung’s 3nm chip in the Whatsminer M56S++ bitcoin...
Bitcoin Miner CleanSpark Buys 12,500 Bitmain Machines for $40.5M
1.6.2023
CleanSpark has been buying up assets during the bear market to reach its 2023-end of 16 EH/s, but discounts are getting smaller
Hong Kong Asset Manager Metalpha Secures $5M from Bitmain for Grayscale-Based Fund
25.5.2023
The firm has so far received $20 million out of its $100 million target for the fund
ASIC Heavyweights: These Are the Most Profitable Proof-of-Work Algorithms in 2023
24.5.2023
Eight months ago, there was a significant transformation in the realm of lucrative proof-of-work (PoW) mining algorithms when Ethereum made the transition from PoW to proof-of-stake (PoS). During that period, the prevailing consensus algorithms for mining were Kadena, Scrypt, and Cuckatoo32....
Bitcoin Mining Rig Maker MicroBT Unveils Most Powerful Machine Yet
18.5.2023
The Chinese rig maker's new model can deliver a wooping 320 TH/s
Bitcoin Mining in 2023: 18 Profitable ASIC Devices and the Dominance of Three Major Manufacturers Revealed
16.5.2023
According to statistics from mid-May 2023, 18 different application-specific integrated circuit (ASIC) bitcoin mining devices are profitable using today’s bitcoin exchange rates. Additionally, the top bitcoin mining machines today are made by three prominent ASIC manufacturers,...