ASICs

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Demand for Cryptocurrency Miners Rises in Russia Amid Low Prices of Hardware

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Russia’s market for specialized crypto mining equipment has been seeing high demand over the past couple of months, with buyers attracted by the low price tags. Russian experts also predict an increase in the supply of used coin minting hardware as large foreign companies leave the industry. Russian Demand for Powerful ASIC Miners Skyrockets in … Read more

A Look at the First Phone-to-Phone Bitcoin Transfer Using a Nokia N900 Smartphone

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When Satoshi Nakamoto created Bitcoin, the full node client came with a wallet often referred to as Bitcoin-Qt. Nakamoto’s simplified payment verification (SPV) concept was not available until two years later, after the former Bitcoin Core developer Mike Hearn published BitcoinJ in 2011. However, prior to the first SPV client or optimized lightweight bitcoin wallet, … Read more

Bitdeer Sets Up $250M Fund to Acquire Assets From Financially Distressed Bitcoin Miners

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According to a representative from the bitcoin mining company backed by the Chinese crypto billionaire Jihan Wu, Bitdeer is crafting a $250 million fund to buy distressed assets from embattled bitcoin miners. Bitdeer’s chief executive officer Matt Kong details that “opportunities” arise in “every cycle.” Bitdeer Wants to Acquire Cheap Machines From Distressed Bitcoin Miners … Read more

World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices

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The world’s largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash per second (TH/s) machine is selling for $19 per terahash or $1,900 per unit. The Antminer mining rigs are 80% cheaper than they were five … Read more

These Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake

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Since the transition from proof-of-work (PoW) to proof-of-stake (PoS), ethereum cannot be mined and miners are now dedicating hashrate to different PoW chains. Since ethereum can no longer be mined, the most profitable PoW consensus algorithms are Kadena, Scrypt, and Cuckatoo32. Five days ago, before The Merge, the consensus algorithm Ethash was the most profitable, … Read more