Bitmine to drop 4PH/s of ASIC power onto bitcoin network
A Hong Kong-based investment company is ramping up an ASIC mining hardware business that will drop four Petahashes (PH/s) of computing power onto the network by the end of March. Massive Luck Investments, domiciled in Hong Kong but registered in the British Virgin Islands, has taken a 50% stake in Swiss mining hardware manufacturer Bitmine, (formerly Exion Networks), which has been designing Avalon-based mining hardware. The new venture spans ASIC hardware sales to individual customers, hosted mining, and its own private mining pool. Massive Luck Investments, which has offices in places....
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Swiss ASIC miner developer Bitmine AG was officially declared bankrupt by the local court of Bellinzona, Switzerland, in May 2015. All accounts, assets and company documents have been handed over to the Swiss justice ministry and are under investigation. In an open letter released on the official website of Bitmine AG, the company's management claimed that Bitmine AG had tried to restructure its products and services by seeking new investments. It failed, however, to raise enough funding to continue its production of ASIC miners which led to the company's bankruptcy. Bitmine AG initially....
Avalon has a storied name in the Bitcoin ASIC Mining industry. As one of the first companies to produce and ship ASIC gear, they had several models that were excellent sellers. Simple to use and powerful at the same time. Other manufacturers have stepped up in power and performance since those days. Canaan Creative CO., LTD the company behind the current Avalon name released not too long ago the Avalon 4.1 Bitcoin ASIC miner. The Avalon 4.1 is similar in design to the Spondoolies-Tech SP20. What makes it different is the 4.1’s speed and physical size. It is larger in physical size than the....
Review: Antminer S3 450 gh/s Bitcoin ASIC Miner By Bitmain. The Bitmain Antminer S3 Bitcoin ASIC Miner is their next step in the evolution of their ASIC chips as well as going back to the basics with the blade design that started it all. There are some changes that have been made along the way though. First is the cowled dual fan enclosure that the S3 has is a new twist on the first-blade design. They also made overclocking easier as well. The Antminer S3 was initially announced to run at a 478 gh/s and then revised down to 440 gh/s. Specifications: Chips 32x Bitmain BM1382Gen2. Hash Rate:....
Alpha Technology has a new development update and its Viper scrypt board seems to be making headway. The British ASIC maker said it has completed the schematics for the ATX power distribution board and of the AC power metering board. Those of the actual ASIC board are not complete yet, but Alpha said it is "almost" done. In addition, the company has finalised the design of the enclosure and WebGUI user interface. ASIC tape-out initiated. Alpha said it is currently in the process of initiating tape-out at GlobalFoundries. The chip design has been finalised and sent to the foundry for....
About three months ago, Butterfly Labs was the first to announce a specialized Bitcoin mining device based on a technology with the potential to massively increase the computing power of the Bitcoin network per unit power and cost: the ASIC. ASIC, or application specific integrated circuit, is a technology taking specialization to a whole new level. Although FPGAs, or "field-programmable gate arrays", are already used for Bitcoin mining, ASICs offer even greater improvements because they come specialized for one specific task right out of the factory. The process to create ASICs is hardly....