As Bitcoin Mining Hits All-Time Highs, Access To ASICs Is Key
As bitcoin propels its mining industry to new heights, the challenge of obtaining new equipment is critical.Like many providers in the space, international bitcoin mining services company Compass Mining is on a roll. With the success of BTC and rising mining revenues — now at an all-time high of $60 million per day — this rapidly-growing startup finds itself squarely in the middle of a bull run.Founded in October 2020, Compass has been able to capitalize on a growing demand for mining services, particularly through access to new ASICs in a very tight mining equipment market. In a news....
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There has been a lot of rumors and speculation if coin developers of scrypt coins should hard fork their coins to try and block the influx of ASIC's and protect GPU mining. The development team for Litecoin has released a statement on theLitecoinTalk forum. While the Pro and Con lists can be long and convoluted, there are two main Pro's and Con's that I think of when I look at this issue. Litecoin. The Pro's of forking a coin would be GPU miners would not find their investments in their mining gear obsolete like they did when the SHA-256 ASICs hit the Bitcoin world. GPU rigs are costly,....
On 4/10/14, Mining ASICs Technologies B. V. (MAT) announced that they had Data Center grade machines available for pre-order NOW. Mining ASICs Technologies believes that ASIC mining is entering a new stage, a stage dominated by data centers. KnCMiner, MAT's European competitor, also feels the same way and is building its very own data center to host unsold miners. Mining ASICs Technologies will offer data center grade machines with better cooling and power consumption figures in order to compete. Large scale orders of 1 or more GH/s worth of Scrypt ASICs (two orders of EXCALIBUR 5,....
3 weeks ago, I posted Mining ASICs Technologies' announcement of 6TH/s Bitcoin ASICs and 200 MH/s Scrypt ASICs to all of y'all, my disbelieving readers. Over the course of ASIC development in the Bitcoin mining and Scrypt mining spheres, many people have been burned. The number of vaporware firms and scams run on our forums has brought about ennui in the general populace. In the Crypto world, when we are faced with pre-orders, we now tend to follow this guideline: "Guilty until proven innocent." Even though we balk at the presence of such a mentality in the government and mainstream media,....
Compass Mining is launching a sales platform for individual miners where anyone can register as a vendor to buy and sell used ASICs.
An ASIC is an Application Specific Integrated Circuit. They are specially designed pieces of hardware for performing the Litecoin hashing algorithms necessary to mine a specific coin and verify hashed transactions. These pieces of hardware are designed and manufactured to perform necessary hashing and nothing else. With the increasing valuation of Bitcoin, in fiat terms, the economic viability of ASICs begun to make sense some time ago. The development of ASICs to do SHA256 became a reality. There were issues along the way with bringing them to market, but ASICs have arrived. With the....