Bitcoin Mining Hardware
Bitcoin mining hardware, also known as mining rigs, are computing devices made specifically to “guess” the correct bitcoin block hash as quickly and with as little power as possible. While the earliest Bitcoin mining was conducted by standard computer CPUs, mining operators were incentivized to achieve more hash power and did so partly through the creation of customized machines, first with graphics processing units (GPUs) and, later, with ASICs. The launch of Bitcoin ASICs in 2013 spurred professionalization of the mining industry, placing most of the computational power in specialized....
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Ghash.io mining pool website. London-based Bitcoin exchange and cloud mining services provider, Cex.io announced on Tuesday that they were lowering the maintenance cost from $0.18 to $0.105 for 1 GHS per month. This reduction in maintenance cost comes after the company upgraded its hardware for mining bitcoins in the cloud. In addition, the hardware upgrade would also enable the company to arrange the lowest possible electricity consumption costs for hosting the ASICs. Also read "Cex.io Contemplates Expansion to Scrypt ASICs: CCN Exclusive Interview with Cex.io". Maintenance Costs and....
Bitfury, the non-Chinese bitcoin mining hardware manufacturer, is reportedly planning to go public in the next 12 months. This would constitute one of the largest listings of a European-based cryptocurrency mining hardware company to date. The company had a valuation of $1 billion dollars after its latest funding round, and is backed by companies like Mike Novogratz’s Galaxy Digital.
Bitfury Going Public in European Markets
Bitfury, a cryptocurrency mining hardware manufacturer in Europe, is reportedly planning to go public in European markets. The company, which....
Austin, Texas-based CoinTerra has announced on Monday mining contracts, in a move that will see the popular mining hardware producer enter the cloud mining realm. The company, who says they've delivered over 10 petahash of bitcoin mining hardware to customers (which powers 15 percent of the bitcoin network), announced plans ranging from 200 GH/s to above 1 PH/s. The company says they're able to offer these plans below industry averages. "Many prospective Bitcoin miners don't have the space or power requirements to operate their own Bitcoin mining hardware, especially at scale. In addition,....
Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills.
Supply Exceeds Demand on Russian Market for Mining Chips
Mining hardware is now more often offered than sought, Russian online marketplaces have noticed. The trend began after the Central Bank of Russia (CBR) published a consultation paper this month, in which the regulator proposed a blanket ban....
Cryptocurrency mining hardware manufacturer BitFury on Wednesday announced a hosted mining service that will be available to all business customers (as opposed to a select few, we imagine). The company, which recently launched a seed investment fund, says that some 40 percent of all bitcoins are mined using BitFury chips, giving them an interesting and impressive track record. The move comes during a time in which self-mining with one's own hardware has become extremely cost-prohibitive, with constant hardware updates required and significant energy requirements. "We are a trusted partner....