Archive | Bitmain

ASIC Chip Manufacturer Posts Q1 Growth Due to Increased Crypto Mining

The Taiwan Semiconductor Manufacturing Company (TSMC) has released details of its Q1 earnings this year, with the demand for ASIC chips growing over the period. Application-specific integrated circuit (ASIC) chips are a necessary element to efficiently mine Bitcoin. Bitmain is one of the biggest names in Bitcoin mining hardware and they purchase their chips from TSMC. A growing number […]

Bitcoin in Brief Monday: Twitter Wields the Banhammer – Shuts Down @Bitcoin

The cryptocurrency space is rarely short of drama, but there’s something about Twitter drama in particular that sets tongues wagging and crypto influencers crossing swords. The suspension of the popular @Bitcoin account on Sunday has sparked furious debate. In today’s edition of Bitcoin in Brief, there’s all that plus some ludicrous claims from new blockchains. […]

Ethereum ASIC Miners Set To Reach Market This July

Cryptocurrency mining hardware firm Bitmain confirmed the release of its rumored Ethereum ASIC miners on Monday. The technology is priced at USD 800 per unit and is scheduled to reach the market in July this year. In a statement released by Bitmain on Twitter, the company noted that the Antminer E3 would have an ”ordering limit of one miner […]

Across the US, Students Are Using University-Supplied Power to Mine Cryptocurrencies

Cryptocurrency mining — the process in which computing power is used to solve algorithms, in turn producing coins — is becoming increasingly more common on college campuses across the U.S, especially in those where electricity is included as part of their tuition. Meet Joey Dilliha, an 18-year-old freshman at Western Kentucky University who claims he’s… […]