Tag: ASIC

  • bitcoin mining
    Industry

    Profits Plunge With Prices as Bitcoin Mining Rigs Go Dark

    Back in the days of the Wild West, gold prices would dictate the profitability of prospecting and mining. Around 150 years later not much has changed with regards to the economics of mining, however the commodity is a little different now. Flagship Mining Rigs No Longer Profitable Bitcoin...

    Martin Young | November 22, 2018 | 1:00 pm
  • gpu, mining, skymining
    Crypto

    Mining Pools Rule, Individual Crypto Mining Deemed No Longer Viable

    Although institutional players have continued to throw money at crypto assets and up-and-coming blockchain-focused projects, reports indicate that the mining subset of this industry has faltered, and greatly at that. GPU-Powered Ethereum Mining Now Unprofitable In mid-August, NewsBTC reported that some forward-thinking students, like Penn State grad Patrick Cines,...

    Nick Chong | November 14, 2018 | 1:00 pm
  • GPU
    Industry

    AMD Estimates Poor Q4 as Demand for Crypto Mining Graphics Cards Dwindles

    A promising demand prediction for crypto mining chips led AMD on a manufacturing spree. But the chipmaker’s latest revenue forecast reveals that it misread the market. The American multinational said that it now expects the revenue of the fourth quarter of 2018 to be about $1.45 billion. That marks...

    Davit Babayan | October 25, 2018 | 12:00 pm
  • samsung
    Industry

    Samsung Partners With Squire to Build ASIC Crypto Mining Chips

    Canadian firm Squire Mining Ltd has roped in Samsung Electronics to manufacture ASIC chips which are used to mine cryptocurrencies. Samsung On The ASIC Chip Train The publicly listed company, which is transitioning from physical to digital mining, confirms in its press release that it has established a...

    Davit Babayan | September 27, 2018 | 11:30 am
  • ASICS
    Bitcoin

    Bitmain’s AntPool Activates Controversial AsicBoost for Faster Bitcoin Mining

    Bitmain’s mining pool, AntPool, has supposedly activated one of their controversial methods of mining Bitcoin more efficiently, called AsicBoost. The controversial Bitcoin mining “hack” supposedly increases mining efficiency by up to 20% and is controversial because many developers claim that its use damages the Bitcoin network. Weakness in...

    Cole Petersen | September 6, 2018 | 10:30 am
  • NewsBTC SLushpool Bitcoin mining
    Industry

    Bitmain Expands Circle of Influence With $50 Million Investment

    The world’s largest producer of ASIC mining machines, Bitmain, is expected to invest $50 million into the upcoming IPO of Opera Ltd. Bitmain’s Expanding Circle of Influence Norway-based Opera Ltd., one of the top internet browsers, has just filed for a Nasdaq initial public offering (IPO) last week,...

    Nick Chong | July 8, 2018 | 8:07 pm
  • gpu asrock
    Industry

    Crypto Mining Hardware Industry Falters as Profits Dwindle

    Cryptocurrency mining profits are on the way down, resulting in declining demand for hardware, such as high-end graphics cards. Sources suggest that GPUs could drop by as much as 20% within the upcoming month.  Mining Hardware Manufacturers Experience Declining Demand DigiTimes, a premier Asia-based technology news source, has...

    Nick Chong | July 3, 2018 | 7:00 am
  • Bitcoin

    Bitmain Raises $400 Million Prior to its $12 Billion IPO, Growing Dominance

    Bitmain’s ASIC dominance has continued, with Bitmain-based mining pools collectively accounting for nearly 50% of all Bitcoin mining power. Bitmain Dominates Bitcoin ASIC Industry Two prominent Bitcoin mining pools, BTC.com and Antpool, contain 27% and 15.3% of Bitcoin’s hashrate respectively. Bitmain surprisingly owns and manages both pools, allowing...

    Nick Chong | June 25, 2018 | 9:00 am
  • IPO
    Industry

    Crypto Mining Giant Bitmain’s CEO Is Considering an IPO

    Jihan Wu runs Bitmain Technologies Ltd., the world’s largest producer of custom cryptocurrency mining chips. Financially speaking not much is known about the Chinese company, though Wu has hinted at the possibility of holding an initial public offering (IPO), which would force Bitmain to reveal more. What an IPO...

    newsbtc | June 7, 2018 | 10:00 pm

NewsBTC is a news service that covers bitcoin news, technical analysis & forecasts for bitcoin and other altcoins. Here at NewsBTC, we are dedicated to enlightening people all around the world about bitcoin and other cryptocurrencies. We cover news related to bitcoin exchanges, bitcoin mining and price forecasts for various virtual currencies.

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