Tag: Bitmain

  • Altcoins

    Bitmain’s ASIC for Ethereum Mining Is Here, Some in Community Considering a Hard Fork to Render the Rig Obsolete

    Following reports in March, Chinese mining rig manufacturer Bitmain has officially announced the release of the Antminer E3, an application specific integrated circuit (ASIC) engineered for mining Ethereum. These new ASIC miners should alleviate some of the pressure that the graphics processing unit (GPU) market currently faces, but...

    Thomas Delahunty | April 4, 2018 | 12:45 am
  • Altcoins

    News of Bitmain’s New ASIC for Mining Negatively Impacts Ethereum’s Price

    Following news of an ASIC mining rig from Bitmain, as well as similar products in development from three other Chinese companies, Ethereum prices have dropped over $100, well below their one-week high of $585. An ASIC, or Application-specific integrated circuit, is a chip that is created with the specific and...

    Thomas Delahunty | March 28, 2018 | 7:28 pm
  • nvidia
    Industry

    GPU Manufacturers AMD and Nvidia Face Increased Competition From Bitmain

    According to trading and technology firm Susquehanna Financial, Advanced Micro Devices (AMD) and competitor Nvidia will suffer this year as specialized cryptocurrency mining chips hit the market from Bitmain. Susquehanna’s Christopher Rolland, who recently returned from a tour of Asia talking with various individuals in the chip industry, is behind these...

    Thomas Delahunty | March 26, 2018 | 7:29 pm
  • qarnot
    Altcoins

    Qarnot’s QC-1: Heat Your Home and Passively Mine Cryptocurrency

    Mining cryptocurrency is a huge business. Just last year, Beijing-based crypto-miner Bitmain made over $3 billion dollars in profits. In a novel approach, French startup Qarnot is helping everyday consumers get involved, and the company is doing so by utilizing something that’s usually regarded as a (big) problem...

    Thomas Delahunty | March 11, 2018 | 10:05 pm
  • bitmain
    Bitcoin

    Bitmain’s Profit Over $3 Billion According to Researchers

    Beijing-based start-up Bitmain now dominates the Bitcoin mining industry. Last year it is estimated the company made as much money as chipmaker Nvidia did, according to estimates from researchers at Wall Street analyst Bernstein. Based on conservative estimates, the analysts calculate that Bitmain made $3 to $4 billion in operating profit...

    Thomas Delahunty | February 24, 2018 | 1:00 am
  • hut 8
    Crypto

    Hut 8 Mining Corp. To Be Listed on Toronto-Based Stock Exchange

    Canadian investors will soon be able to get exposure to the rapidly growing market for the specialised computer components that power the world’s Bitcoin mining farms. Hut 8 Mining Corp., backed by Bitfury Group Ltd., is poised to launch on the TSX Venture Exchange in Toronto later this...

    Rick D. | February 12, 2018 | 9:45 pm
  • sever
    Bitcoin

    Atlas Cloud Prepares to Bring 1,000 Bitcoin Miners Online

    Multiple major entities around the globe show an interest in Bitcoin mining. That in itself is pretty interesting to keep an eye on. When players like Atlas Cloud Enterprises decide to get involved, things can change very quickly. The company has acquired a total of 1,000 Bitcoin miners....

    JP Buntinx | January 24, 2018 | 11:00 am
  • NewsBTC Bitmain Phishing Facebook
    Bitcoin

    Malicious Bitmain Website Shows up in Facebook’s Advertisements

    Cryptocurrency users have become a prone target for cybercriminals these nefarious individuals often target exchanges and digital wallets. However, it seems there is a malicious social media campaign related to a Bitmain phishing website as well. The site looks and feels like the real deal, but it is...

    JP Buntinx | January 13, 2018 | 9:30 pm
  • Bitcoin

    Bitmain Sets up Shop in Switzerland’s Crypto Valley

    Bitcoin companies are always looking to expand their presence. This is especially true for mining hardware manufacturers. Bitmain is the number one company in this particular industry right now. They recently announced a plan to set up shop in Zug, the Crypto Valley capital. An interesting decision by...

    JP Buntinx | January 12, 2018 | 1:00 pm

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