Bitcoin Miners Ruined by Downturn, “Selling Hardware by the Pound”; Giga Watt Files Bankruptcy

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Miners have been decimated by the market downturn. In response, miners have started decommissioning hardware, mothballing rigs, and even selling hardware by the pound. Bitcoin and cryptocurrency proof-of-work (PoW) mining is a controversial topic. Mining is a process where computers continuously solve a difficult algorithm in exchange for cryptocurrency. This exchange consumes a massive amount…

Fork Watch: Disputed Consensus and an Abundance of Game Theory

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In less than 24 hours the Bitcoin Cash (BCH) network will be facing a hard fork involving consensus changes that are currently disputed and may lead to a blockchain split. Two development teams have proposed different paths for the Nov. 15 upgrade and the clashing BCH reference implementations will be incompatible with each other after…

Inside Bitewei: The $20 Million Bitcoin Miner Being Hailed as a Bitmain Rival

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A startup seeking to rival mining giant Bitmain is gaining a reputation as a firm that could disrupt the balance in crypto’s most lucrative sector.

Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain

Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain

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Coders on a smaller cryptocurrency protocol are showing why expansion might not be so easy for Bitmain, a mining giant that’s soon to file for an IPO.

GMO to Release World’s First 7nm Bitcoin Mining Card

GMO to Release World’s First 7nm Bitcoin Mining Card

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Japan’s GMO Internet Group officially announced the June 7th release of its new Bitcoin mining card— “GMO Miner B2”, marking a new era of powerful, energy-efficient processing units as the world’s first 7nm consumer mining card. This announcement highlights the ASIC arms race for producing more powerful and energy efficient mining rigs against companies like Samsung, Intel,…