Secondary Mining Markets Surge Amid ASIC Manufacturing Delays

Processor manufacturer Butterfly Labs (BFL) has recently been taking a bashing in the press and on the Bitcoin Forum due to delays in deliveries and the release of the its new 28nm processor, the Monarch. CoinDesk contacted Butterfly Labs' chief operating officer (COO), Josh Zerlan, to talk about the delays, the Monarch ASIC and Bitcoin Forum complaints. Butterfly Labs, one of the most prominent producers of bitcoin mining technology, currently ships hundreds of units of 65nm chips per day. However, the Kansas-based firm has recently struggled to keep up with demand as it is currently....

While companies like Microbt, Bitmain, Innosilicon, Strongu, Ebang, and Canaan have ruled the roost in terms of manufacturing application-specific integrated circuit (ASIC) bitcoin miners, a new challenger has entered the competition. A relatively unknown integrated technology firm called AGM Group Holdings has seen a lot of ASIC sales and partnerships in recent times. A Relatively Unknown Semiconductor Firm Has Been Revealing Large Bitcoin Mining Rig Purchase Orders 2021 has seen record sales, in terms of ASIC mining rigs sold by bitcoin mining rig manufacturers like Microbt,....

Scrypt ASIC Race Towards The Bottom. KnCMiner has promised 250 MH/s for 1000W. This morning, Mining ASICs Technologies (MAT) posted a press release to their website. In it, they announced that their Excalibur 1 (100 MH/s) and their Excalibur 2 (200 MH/s) would be upgraded to Excalibur 3 (125 MH/s) and Excalibur 4 (250 MH/s), respectively. This free upgrade comes on the heels of an eventful week in the competitive world of Scrypt ASIC Mining hardware manufacturing and design. Originally slated for September release, MAT is now confident that their Scrypt ASICs might even start shipping in....

While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries. Official Crypto Mining Rig Dealers Are Either Sold-out or Suspending Deliveries, Second-Markets Explode With Mining Products and Low Prices per Hash Ever since the crackdown in Sichuan, the number of miners fleeing mainland China seems to have increased a great deal. Bitcoin’s overall hashrate....

After over three months of delays from all major competitors, it seems as though the race to develop the first ASIC-based Bitcoin mining computer is finally drawing to a close. Less than three weeks ago, Avalon ASIC announced a hard shipping deadline for themselves of January 19, and placed a countdown on their website. On December 28, another competitor, ASICMiner, published pictures of fully completed mining chips, and on January 3, their PR representative published a post on the Bitcointalk forums: "The samples passed all functionality tests. The power consumption is also within the....