Sentences with phrase «asic mining equipment»

The mining company, CoinTerra, announced a reduced pricing opportunity for their second batch of specialized ASIC mining equipment.

September 12, 2013 — Austin, TX — CoinTerra™www.cointerra.com — the performance and new value leader in Bitcoin ASIC Mining solutions — today announced aggressive pricing on its second batch of specialized ASIC mining equipment.

Not exact matches

Developers tend to introduce new mining algorithms in an attempt to tackle ASICs (special designed mining equipment) while trying to introducing more efficient solutions to the mining proof of work.

First, of all, they can buy some specialized equipment which, even if it doesn't nearly reach the performance of ASICs, can easily beat GPU mining.

And according to a recent report from the Royal Bank of Canada, the market size for cryptocurrency mining will grow only bigger with mining equipment for bitcoin expected to lead the way, with a market size of more than $ 4 billion; while ASIC (application - specific integrated circuit chip)- mined cryptocurrencies such as bitcoin cash are expected to have a market cap of around $ 350 - $ 450 million.

GPU and ASIC mining can be very profitable if you get your equipment for a good price along with low cost in electricity.

ASIC chips (the only option for mining bitcoin) can be considerably more costly than traditional graphics processing units, and technology these days becomes obsolete in a matter of months, not years, requiring miners to constantly upgrade their equipment to compete against other individuals and mining farms.

Bitcoin Gold decentralizes mining by adopting a PoW algorithm, Equihash, which can not be run faster on the specialty equipment used for Bitcoin mining (ASIC miners.)

GMO, a major Japanese technology company, has already launched a trading platform for institutional investor and established a manufacturing line to create bitcoin ASIC miners and other mining equipment.

Then as the price of bitcoin, and so the value of the reward, increased, people started investing in mining equipment, and began manufacturing chips called ASICs (Application - Specific Integrated Circuits) that were good for nothing except hashing / mining (so take popular comparisons with the world's supercomputers with a pinch of salt).

The report also asserts that the market for cryptocurrency mining is here to stay, arguing that there currently exists an at least $ 4.2 billion market for bitcoin mining equipment with an additional $ 350 - $ 450 million for other ASIC - mined cryptocurrencies like bitcoin cash and another $ 1.9 billion market for GPU - mined coins like ethereum and monero.

Therefore, ASIC specialized mining equipment used in Bitcoin mining can not mine Bitcoin Gold because they can not run the ASIC algorithm.

Bitcoin Gold wants to tackle this problem by releasing their own mining algorithm that isn't susceptible to ASICs, rendering this high - end equipment useless.

Digital Mining Investments is moving quickly to recover from the incident and loss of both bitcoin and mining hardware, which included KnCminer ASICs and other equipment that has been seen for sale online, according to KeMining Investments is moving quickly to recover from the incident and loss of both bitcoin and mining hardware, which included KnCminer ASICs and other equipment that has been seen for sale online, according to Kemining hardware, which included KnCminer ASICs and other equipment that has been seen for sale online, according to Kenrick.

However, while bitcoin miners gain a distinct advantage when using expensive, mining - specific equipment called ASIC, there is no such advantage with Bitcoin Gold.

The largest South Korean company has partnered with a Chinese bitcoin mining equipment manufacturer in order to produce ASIC chips.

«Samsung is operating a foundry that supplies a Chinese cryptocurrency mining firm with mining equipment and ASIC chips.

ASIC - based miners overtop competitors» CPUs and GPUs, creating a real threat of mining concentration between the largest players provided with the most powerful equipment.

China - based Bitmain, the world's largest producer of ASIC miners, began selling equipment for Ethereum mining, while the community shows growing discontent of Bitmain's tactic to enter the market of GPU mining.

Canaan is one of the leading manufacturers of cryptocurrency mining equipment and currently supplies around a quarter of ASIC miners.

But, over time, GMO Group expanded its cryptocurrency venture, launching a bitcoin mining center and mining equipment manufacturing factory to produce ASIC mining chips.

The decision to carry out the hardfork was made after the Chinese mining equipment manufacturer Bitmain, the largest one of its kind in the world, had released an ASIC miner Antminer X3 for CryptoNight algorithm, used by Monero and several other cryptocurrencies.

The report also asserts that the market for cryptocurrency mining is here to stay, arguing that there currently exists a at least $ 4.2 billion market for bitcoin mining equipment with an additional $ 350 - $ 450 million for other ASIC - mined cryptocurrencies like bitcoin cash and another $ 1.9 billion market for GPU - mined coins like ethereum and monero.

Bitcoin Gold decentralizes mining by adopting a Proof - of - Work algorithm, Equihash, which can not be run faster on the specialty equipment used for Bitcoin mining (ASIC miners).