Bitcoin Mining Market Still Strong as Shown by Bitfury’s $1 Billion Valuation

This week, Bitcoin mining equipment manufacturer and blockchain software firm Bitfury secured a valuation of $1 billion from billionaire investor Mike Novogratz and Korelya Capital’s $80 million investment in the firm. The multi-million dollar funding round comes after the release of Bitfury Clarke, the firm’s new Bitcoin ASIC miner, designed to compete against Bitmain’s new equipment, the 7nm Antminer. Valery Vavilov, the CEO of Bitfury, stated that the demand for the blockchain and crypto in general ...

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China: Bitcoin Mining Behemoth Bitmain Releases New 7nm Antminer Hardware

Bitcoin (BTC) mining giant Bitmain has officially released two new 7nm (nanometer)  “Antminer” crypto mining machines, according to an official tweet posted Nov. 5. Bitmain indicated in September that it would be equipping its new Antminer models with next-generation Application-Specific Integrated Circuit (ASIC) chips. ASIC chips are geared to compute optimally for a specific hashing algorithm and, as Bitmain’s tweet confirms, these latest “acceleration” chips use an SHA256 algorithm, which is based on 7nm Finfet semiconductor manufacturing technology. Today’s tweet from the company reads: “We are ...

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Estimating Break Even Mining Costs to Predict Where Corrections Will Bottom

Follow us on Telegram. For many Bitcoin investors a key benchmark of how low the Bitcoin market price can go is the cost of production during the mining process. This cost depends on both extrinsic factors such as geography, as well as intrinsic factors relating to choice of mining hardware and as such it is difficult, if not impossible, to find a single figure to cover all mining operations worldwide. However, by ...

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Ex-Bitmain Chip Designer Takes on Crypto’s Mining Goliath

At Yang Zuoxing’s modest office a short drive from the prestigious Tsinghua University in Beijing, desks are strewn with cryptocurrency mining equipment and cots stand ready for engineers too exhausted to go home after marathon days at work. This is Yang’s bunker as he fights an uphill battle against Bitmain Technologies -- his old employer and the world’s dominant provider of crypto mining chips -- that may include an initial public ...

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Bitmain Rival Ebang Launches New Line of Uber-Efficient Bitcoin Miners

One of Bitmain’s biggest rivals is ready to give the bitcoin mining giant a run for its money as both firms prepare to go public in Hong Kong. Upstart Bitcoin Mining Firm Unveils New 10nm Chip, Miner Series The China-based Ebang Communication, one of the world’s largest manufacturers of application-specific integrated circuit (ASIC) chips for bitcoin miners, has unveiled the next generation of its flagship product line, complete with an upgraded chip ...

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