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Bitmain Launches Two New S17 Bitcoin ASIC Miners Today

News Leading mining Application Specific Integrated Circuit (ASIC) producer Bitmain announced two new S17 miners in a press release shared with Cointelegraph. The two new mining ASICs, namely the S17e and the T17e, will both be launched on Sept. 9. The company claims that both the new models featu..

Mining ASIC Giant Bitmain Lost $625 Million, Expects Profits in April

News Chinese mining and mining Application Specific Integrated Circuit (ASIC) manufacturer Bitmain lost $625 million in the first two months of this year, local media QQ reports on Aug. 2. Hundreds of millions lostPer the report, the firm sustained losses of $625 million by March, $345 during Janu..

7 Unorthodox Ways to Mine Bitcoin

Bitcoin isn’t crazy – in fact it might just be the soundest monetary system this generation has ever known. Some of the techniques miners have devised to extract it, however, are extremely unorthodox, ranging from the ingenious to the downright crazy. Here are seven of the strangest attempts at extr..

Cryptocurrency Grin Follows Through With Anticipated July 17 Mainnet Hardfork

News Privacy-focused cryptocurrency Grin has completed the first hardfork so far on its mainnet. The fork occurred at block height 262,080 on July 17, as shown on the Grin block explorer Blockscan. According to an official announcement from Grin core dev Quentin Le Sceller, the latest blockchain ..

Monero Developers Consider Adopting New Proof-of-Work Algorithm in October

News Privacy-centric cryptocurrency monero (XMR) plans to switch to a new proof-of-work (PoW) algorithm in October. The new algorithm follows an agreement with Arweave, which will fund an audit of the new algorithm, an Arweave spokesperson told Cointelegraph via email on May 23. Arweave, which has..

Ethereum Anti-ASIC Protocol Delayed As Crypto Developers Mull

Ethereum Developers Delay ProgPoW Activation Per previous reports from this outlet, early last month, Ethereum (ETH) developers convened in a meeting that glossed over a number of subjects, including the network’s ASIC-resistant qualities. After some deliberation, the project’s core developers deter..

How Crypto Market Fall Influences Mining Hardware Sales and Producers’ Revenues

In depth A year long bear crypto market appears to have had a negative impact on the profitability of cryptocurrency mining. In spite of this, Bitcoin miners still managed to generate $4.7 billion in profit in the first six months of 2018. Constantly growing competition between big mining pools an..

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