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Bitmain announces next generation 7nm ASIC chip BM1397 for SHA256 mining

Bitmain announces next generation 7nm ASIC chip BM1397 for SHA256 mining

Last night, 18th February 2019 – Bitmain Technologies Limited, announced its next generation 7nm ASIC chip — BM1397, which achieves new feats in performance, chip area and energy efficiency for mining cryptocurrencies such as BTC and BCH, that use the SHA256 algorithm for their PoW.



  • BM1397 chip combines new chip design methodology and world-leading 7nm semiconductor manufacturing process
  • Enables faster and cheaper mining for cryptocurrencies that use the SHA256 algorithm for their Proof of Work (PoW)

The new BM1397 chip requires lower power and can offer an energy consumption to computing ratio as low as 30J/TH. This is about 28.6 percent improvement in power efficiency in comparison with Bitmain’s previous 7nm chip, the BM1391. To achieve this, Bitmain’s engineering team has thoroughly customised the chip design to optimise its architecture, circuit and economics. The chip is made using TSMC’s 7nm FinFET process.

Bitmain’s innovations enable anyone, anywhere to mine and benefit from cryptocurrencies. The BM1397, part of Bitmain’s growing chip portfolio, is designed to bring a better mining experience and aims to set a new benchmark in ASIC chip technology. The BM1397 chip will feature in new Antminer models the S17 and T17 that will be announced soon by Bitmain.

Source: blog.bitmain.com

Nasdaq Stock Exchange: BTC and ETH Indices

Nasdaq Stock Exchange: BTC and ETH Indices

Nasdaq, through its data dissemination relationship with Brave New Coin, will send real-time Bitcoin and Ethereum index level information on the Nasdaq Global Index Data ServiceSM (GIDS) Both indices will be included on the exchange’s existing platform of indexes starting Feb. 25.



BLX and ELX Indices Capture Data From Multiple Exchanges

The Bitcoin Liquid Index (BLX) and the Ethereum Liquid Index (ELX) are each designed to provide a real-time spot or reference rate for the price of 1 BTC and 1 ETH respectively, quoted in USD, and based on the most liquid ends of their markets. Both indices are calculated using a methodology that has been independently audited against key IOSCO principles. «The BLX is one of the most widely-referenced BTC indices among crypto traders and has been calculated back to 2010. Likewise, the ELX has been calculated back to 2014,» said the exchange.

The two indices were created by Brave New Coin. Nasdaq’s latest move is seen as key to introducing cryptocurrency to traditional stock market investors on Wall Street and elsewhere, thereby driving mainstream adoption. The stock exchange has swam against the tìde in being drawn to crypto assets, starting with publishing analytical reports on Bitcoin and partnering with Vaneck to launch BTC futures trading in a falling market last year.

The two new indices join several dozen of Nasdaq’s indices including the Nasdaq Composite, its main index, and the Nasdaq 100, through its Global Index Data Service. The data service is a real-time feed that consolidates all Nasdaq indexes and ETF valuation data, including third-party partner data.

Source: Nasdaqtrader.com

BitDeer.com Launch Achieves Growth of 1,350 Percent since Dec 20,2018

BitDeer.com Launch Achieves Growth of 1,350 Percent since Dec 20,2018

BitDeer.com, the world’s leading computing power-sharing platform, was officially unveiled on December 12th, 2018 with strategic partnerships from BTC.com and AntPool. The platform achieved great success with over ten-thousand computing power-sharing miners firing up. BitDeer.com also witnessed a 1,350% user growth within three days.

BitDeer.com’s strategic partner BTC.com, one of the world’s largest mining pools, shared the exciting news that BitDeer.com had successfully mined their first Bitcoin block (Block Height: 553557, Time: UTC 2018-12-12 08:13:11) on the day of the platform’s official launch.



The recent market correction of Bitcoin has led to the second highest drop in the difficulty of mining Bitcoin with a “-15.13%” adjustment according to BTC.com. The opportunity to successfully mine a Bitcoin has increased as “weaker hands” have been forced out of the market. Professional operations such as BitDeer are able to mine for cryptocurrencies due to the economy of scale and lower energy costs.

After years of experience in the cryptocurrency mining industry, Zhong Zhuang, CEO of BTC.com, believes Bitcoin mining will continue to be a great endeavor for both major players and individual miners. “Major players will keep building their competitive edge by running large mining pools, while individual miners can benefit with a slice of the pie by joining computing power-sharing platforms. Because of this, BTC.com greatly values the partnership with a platform like BitDeer and is looking forward to reaching more individual miners.”

“BitDeer’s proprietary real-time computing power allocation technology allows users to be connected to a designated mining pool and offers daily payouts directly to the user’s chosen wallet address. This is a new cryptocurrency mining model that will change the industry

landscape,” said Xin Tian, co-founder of AntPool. “Utilizing the strategic partnership with BitDeer, AntPool looks forward to better serving individual miners all over the globe.”

ABOUT BITDEER
BitDeer is the world’s leading computing power-sharing platform, enabling global users to mine cryptocurrencies in a transparent, reliable and convenient way. It saves users from the complicated process of purchasing, installing, and hosting mining machines. Individual miners can enjoy the service with just one click.

For more information, please visit www.bitdeer.com or connect with them on Facebook or Twitter.


Source: https://ethereumworldnews.com

A Year After $20K, Investors Will Regret Not Buying In Now

A Year After $20K, Investors Will Regret Not Buying In Now

One year after Bitcoin (BTC) broke crypto industry records to hit $20,000, a partner at venture capital firm Blockchain Capital says that today’s bearish market represents “a fantastic buying opportunity.” Spencer Bogart made his remarks during an interview on CNBC’s “Fast Money” on Dec. 17.



Bitcoin is now trading around $3,550, up 2 percent and capping gains of around $260 in the 24 hours before press time. The coin, however, is over 82 percent down from its price point this time last year.

Emphasizing that Blockchain Capital is a “long-term venture investor,” Bogart told CNBC:

“Could Bitcoin go to $50,000? Absolutely. It doesn’t have the same kind of price-to-earnings, enterprise value to revenue that normally puts a kind of upper bound or a ceiling on a typical early-stage technology company [...] How long will it take? I’m not sure.”


After CNBC host Melissa Lee criticized the belief that the historic 2017 bull run “could only go higher,” Bogart said that “there is absolutely nothing wrong with the [bull] thesis,” but noted that — up until recently — the Bitcoin market has been “almost entirely driven by retail [investors].” This, he suggested, still results in bull market runs “going a little too high,” and conversely, bearish dips “too low.”

Bogart stressed that notwithstanding short-term price weakness, the core characteristics of the technology and concept are still there. In particular, the VC exec stated that 2018 has seen major advancements in scaling, with the Lightning Network helping to “transact extremely cheaply, and extremely quickly.”

He further pointed to increased institutionalization of the asset class, with this year’s endowments from United States Ivy League universities — such as Yale and Harvard — the forthcoming Bitcoin derivatives and the global digital assets trading platform from the Intercontinental Exchange’s (ICE) “Bakkt,” and the establishment of more qualified custodians for crypto assets.

Bogart’s last bullish remarks highlighted the outstanding “quality of the talent that we’re seeing entering the space,” adding that “a lot of the best and brightest are saying ‘I want to go work on Bitcoin.”

With one last consideration on price volatility, Bogart said that Bitcoin today could also “absolutely” go lower — “anywhere between here and $2,000 or even $1,000” — but that all of these price points represent “a great buying opportunity,” adding:

“When we look back 24 or even 12 months from now, we’re going to say, ‘why didn’t I buy then?’”

In recent comments, crypto bull and co-founder of Fundstrat Global Advisors Thomas Lee said he believes the “fair value of Bitcoin is significantly higher than the current price.” He proposed a figure between $13,800 and $14,800, considering the number of active wallet addresses, usage per account and other factors influencing supply.

Source: cointelegraph.com/

Russians to Be Allowed ICO Investments up to $9,000 per year

Russians to Be Allowed ICO Investments up to $9,000 per year

Russian lawmakers have revised another bill regarding the regulation of the industry built around cryptocurrencies. In its latest version, the draft law on crowdfunding sets the maximum amount of money ordinary Russians will be permitted to invest in projects such as ICOs at less than $9,000 per year.

investment

The bill “On attracting investments using investment platforms” is one of the three pieces of legislation aimed at regulating the crypto industry that were adopted on first reading by the State Duma in May. The initial text approved by the lower house of Russia’s parliament did not contain such limits. It only read that they should be determined in sub-statutory acts issued by the Central Bank of the Russian Federation (CBR).

According to the revamped draft law, private individuals will be allowed to invest through crowdfunding platforms up to 600,000 Russian rubles (less than $9,000) per year only, and a maximum of 100,000 rubles (~$1,500) per project RBC reported, quoting a copy of the document. Any investment exceeding 600,000 rubles, made by qualified investors or financial institutions, will be subject to mandatory oversight by the country’s financial watchdog, Rosfinmonitoring, in order to prevent money laundering.

The new restrictions will limit the access of ordinary citizens to initial coin offerings (ICOs). The authorities in Moscow claim they want to protect Russians from the associated risks. In a statement, the CBR warned that investing through crowdfunding platforms can lead to the loss of all invested funds. However, the limits will not apply to social and charitable crowdfunding initiatives.

Source:
news.bitcoin.com

Review of WDMS 2018 and UTANK development

Review of WDMS 2018 and UTANK development

World Digital Mining Summit 2018 with more than 50 leading companies in the industry took place in Tbilisi, Georgia.

Uminers CEO Batyr



Uminers — platinum sponsor of the event — made its entrance with UTANK — powerful miming solution. After presenting pilot version of UTANK VS1 in Tbilisi, R&D team has been working on a new version of UTANK modification, developed for the most popular miner models in the market.


Bitmain announced sales date for S15 and T15!

Bitmain announced sales date for S15 and T15!

New miners S15 and T15

Today, On 6th November Bitmain has finally released the date to show new Antminer S15 and T15 to the world! As promised, we will see enhanced mining performance with new 7nm chip technology. Sales start on 8th November 9 am EST.

Please check updates on our website to purchase S15 and T15!

BITMAIN ANNOUNCES NEXT-GENERATION ASIC CHIP

BITMAIN ANNOUNCES NEXT-GENERATION ASIC CHIP

NEW MINING MACHINE WILL BE AVAILABLE SOON
New Chip Uses the 7nm Semiconductor Manufacturing Process and Will Greatly Improve Power Efficiency

BEIJING, P.R. China, September 21, 2018 – Jihan Wu, CEO and co-founder of Bitmain Technologies Ltd.announced Bitmain’s next-generation ASIC chip BM139 1 for mining cryptocurrencies using the SHA256 algorithm at the World Digital Mining Summit in Georgia today. Mr. Wu also revealed that Bitmain will soon launch a new generation of mining machines equipped with the BM1391 chip.
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Bitmain Announces the Production of New Antminers With 7nm Technology

Bitmain Announces the Production of New Antminers With 7nm Technology

At the World Digital Mining Summit in Tbilisi, Georgia the blockchain firm and mining manufacturer, Bitmain Technologies, announced a new Antminer will be launched soon equipped with 7nm semiconductor technology. The firm’s CEO Jihan Wu reported that Bitmain’s next-generation ASIC BM1391 Finfet chip integrates more than a billion transistors for optimal SHA256 mining performance.

Also Read:Japanese Regulators Urgently Respond to Zaif’s Hack
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World Digital Mining Summit

World Digital Mining Summit

In today’s global cryptocurrency mining industry, China's bitcoin network computing power takes the lead, easily accounting for half the total. However, with cryptocurrency mining gradually attracting the attention of other countries such as Japan, Vietnam, Russia etc, China is starting to face challenges from international forces. Nonetheless, as the mining competition get fiercer, the future direction of cryptocurrency mining becomes more uncertain. This results in this question: Where is the next breakthrough in global mining development?
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Bitmain launches world digital mining summit in Tbilisi, Georgia

Bitmain launches world digital mining summit in Tbilisi, Georgia

Bitmain CEO Jihan Wu and Roger Ver, CEO of Bitcoin.com Head Speaker List featuring Circle, DEX.top and Genesis Mining when Digital Mining Leaders Convene In Tbilisi on September 21-23 TBILISI, Republic of Georgia, September 6, 2018 – Bitmain Technologies Ltd, a world leader in blockchain hardware, software, and services, has partnered with BitKan to host the inaugural World Digital Mining Summit on September 21st to 23rd: a three-day industry insight and networking summit held in Tbilisi, capital city of Georgia. The World Digital Mining Summit will feature 30+ speakers and up to 1,000 attendees.
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