The crypto lender must sell the vouchers before they expire, to raise funds for the bankruptcy estate
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
Bitmain Launches Low-Cost Special Edition Antminer S9
On Monday, June 17, the Chinese mining rig manufacturer Bitmain Technologies announced the launch of a low-cost miner called the Antminer S9 version SE. The new 16 terahash per second (16TH/s) S9 SE is $ 350 per unit and the launch celebrates the company’s most popular product, the original S9.
Also read: Report Insists ‘Bitcoin Was Not Purpose-Built to First Be a Store of Value’
China’s Proposed Mining Ban Could Be Detrimental to Bitmain
China’s state planning agency, the National Development and Reform Commission (NDRC), has indicated an interest in banning cryptocurrency mining in the country through a notice published online in Mandarin.
The report stated that the NDRC will include cryptocurrency mining activities to a list of sectors that could be shut down based on their violation of local regulations, wastefulness, safety concerns or harmful contributions to the environment. The list includes more than 400 other industrial activities.
Bitmain Reveals Specifications for Its ‘Profitable’ Antminer 17 Series
This article was originally published by 8btc and written by Chloe Jiang.
Bitmain, the world’s largest bitcoin miner manufacturer, has announced specifications for its Antminer 17 series machines, which will be globally available on April 9, 2019.
The new mining equipment in the 17 series will include the Antminer S17, Antminer S17 Pro and Antminer T17. According to Bitmain, these are the three most advanced BTC and BCH miners under the SHA-256 algorithm.
Manufacturing Giants Bitmain and Canaan Announce Second-Generation Miners
On March 29, the two largest mining rig manufacturers, Canaan Creative and Bitmain Technologies, announced the sale of their next generation devices that process the SHA-256 algorithm. Both firms are gearing up to sell the new products this spring as a slew of mining operations have been prepping up new facilities in order to take advantage of the wet season in China.
Also read: Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch
Bitmain Announces Antminer s17 Date: Can It Turn the Company’s Fortunes Around?
Cryptomining manufacturer Bitmain has revealed the release date for its next-generation Antminer S17 series. The S17 set of miners includes the Antminer S17 Pro, Antminer S17 and the Antminer T17.
The Antminer S17 is the latest in the company’s line of fabless mining chips. According to the post, the chips, which are expected to go on sale from April 9, 2019, will provide an energy-efficient means of mining popular cryptocurrencies such as bitcoin and bitcoin cash.
The miners will be fitted with the 2nd generation 7nm ASIC BM1397 mining chips which Bitmain claims would provide a 28.6 percent improvement in power efficiency.
Bitmain Says IPO Application Was Allowed to Expire on Purpose
Speculation ran rampant after an update on the Hong Kong Stock Exchange (HKEX) website showed that the IPO application of Chinese crypto mining giant Bitmain has expired. In response, Bitmain published a blog post on Tuesday where it explained the application expiration was purposeful as the company wants to continue focusing on product development and […]
SludgeFeed
Former Bitmain Employees May Find Refuge in a Spinoff Startup Called Matrix
According to regional reports, members of Bitmain Technologies and other connected subsidiaries like Copernicus are starting an offshoot company called Matrix. It is not officially known yet just what Matrix will do but some sources allege that the new spinoff will offer cryptocurrency lending services, an over-the-counter (OTC) desk, and custody solutions.
Also read: Survey Shows Consumers and Investors Remain Bullish on the Future of Cryptos
Will This Vulnerability Finally Compel Bitmain to Open Source Its Firmware?
As if Bitmain’s year hasn’t been rough enough, having posted big losses and laying off entire departments, its flagship product now has a firmware vulnerability.
A few weeks ago, Bitcoin Core contributor James Hilliard discovered an exploit in Bitmain’s S15 firmware. The pseudonymous Twitter user 00whiterabbit, also known simply as “john,” subsequently wrote exploit code based on Hilliard’s findings. A video proving that the exploit code worked was shared on Hilliard’s Twitter account last week.
Recent Filing Reveals Bitmain Lost $500 Million in Q3 2018
The financials at crypto mining giant Bitmain aren’t looking too pretty. That’s based on an updated filing with the Hong Kong Stock Exchange that shows the company lost about $ 500 million in the third quarter of 2018. According to a recent report by CoinDesk that cites the non-public filing, Bitmain earned roughly $ 500 million in the first […]
SludgeFeed
Bitmain Unveils Its Latest Energy-Efficient Mining Chip for Bitcoin
China-based mining giant Bitmain has announced a new mining rig that uses less power. The hardware mining manufacturer has launched a 7nm application-specific integrated circuit (ASIC) processor dubbed the BM1397.
Beyond energy efficiency, the new mining processor promises to achieve faster performance for mining cryptocurrencies that use the SHA256 algorithm for their proof of work (PoW), including Bitcoin and its hard forks.
Like the BM1391 chip that came before it, the BM1397 will be powered by the advanced semiconductor manufacturing technology called the 7nm FinFET process, integrating more than a billion transistors and “optimized for maximum efficiency."
Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency
On Feb. 18, mining rig manufacturing giant Bitmain Technologies announced its next-generation 7nm ASIC chip for mining SHA-256 cryptocurrencies like BTC and BCH. According to Bitmain, the mining chip, called the BM1397, is more efficient when mining proof of work (PoW) coins and the new chips will be installed in the latest Antminer series of devices.
Also Read: Orca Pool Mining Operation Aims to Defend Altcoins and Forks From Attacks
The Daily: Bitmain Reflects on 2018, Memo Releases Mobile App
In today’s edition of The Daily, we cover a reflection on the passing year by the cryptocurrency mining technology giant Bitmain, a mobile app released by social network Memo and new turnover figures from a Bitcoin ATM network in Australia.
Also Read: South Africa Wants to Mandate Registration of Crypto Services
Bitmain Reflects on 2018
Bitmain, the Beijing-headquartered bitcoin mining technology giant, has been the topic of many discussions recently relating to its IPO application process, downsizing and more. A lengthy new blog post the company published today touches on these subjects and highlights some of the milestones the company has achieved in 2018. These achievements include the development of a 7nm ASIC chip for SHA-256 mining, launching hardware for powering artificial intelligence applications, investing in Circle and funding open-source projects.
More Layoffs: Bitcoin Mining Giant Bitmain Makes Cuts in Amsterdam & Texas
Bitmain’s problems continue, as the world’s largest bitcoin mining firm has announced a fresh round of layoffs. Bitmain is rumored to have lost over $ 700 million in Q4 2018, and late last month reports broke out that the Chinese mining giant is set to fire 50% of its workforce. Later, the company shut down its
The post More Layoffs: Bitcoin Mining Giant Bitmain Makes Cuts in Amsterdam & Texas appeared first on CCN
Bitmain Continues to Downsize Amid Management Restructuring Reports
Chinese crypto mining juggernaut Bitmain has taken a substantial hit in the recent crypto crash, leading to negative consequences for the company on many fronts. Just today, a source has confirmed with Bitcoin Magazine that the company is shutting down its offices in Amsterdam.
Throughout December 2018, for example, like many companies in the crypto space, Bitmain appeared to be gearing up for a wave of layoffs. With employees taking to semi-anonymous, Chinese forums to describe their experiences, reports claimed that entire departments were completely shuttered, and about half of the entire workforce was due to be sacked. Indeed, Bitmain began the month by shutting down all operations in Israel, despite success in that country since 2016.
Report Claims Chinese Mining Giant Bitmain Is Prepping for New Leadership
The cryptocurrency mining manufacturer Bitmain may have a new chief executive officer in the near future according to regional reports. Bitmain’s director of product engineering, Haichao Wang, will apparently take the lead role within the corporation but no official timetable has been announced.
Also Read: Nick Szabo: Central Banks May Turn to Cryptocurrency Reserves Over Gold
Is Crypto Hardware Giant Bitmain Poised to Appoint a New CEO?
Rumors are rife that Bitmain Technologies is poised to make a major announcement in regards to the appointment of their new CEO. The crypto mining company’s current head honchos, Wu Jihan and Zhan Ketuan, are to be replaced in an exciting new move for the firm. Bitmain is the largest crypto mining rig manufacturer on
The post Is Crypto Hardware Giant Bitmain Poised to Appoint a New CEO? appeared first on CCN
Bitmain IPO Put in Doubt by Hong Kong Financial Regulators
Hong Kong financial regulators are reluctant to back any crypto-related business at this moment in time while proper rules are being drafted to regulate initial public offerings (IPOs). The news might have a serious knock-on effect on the application of the Bitmain IPO and other related crypto projects in Hong Kong in the near future.
The post Bitmain IPO Put in Doubt by Hong Kong Financial Regulators appeared first on CCN
Bitmain: Chinese Media Reporting Jihan Wu and Micree Zhan to Step Down
The year is not ending on a good note for Bitmain. The Beijing-based bitcoin mining giant is possibly looking at the resignation of its CEOs Jihan Wu and Micree Zhan, according to Odaily, a Chinese media outlet. The company has not officially confirmed any of the media allegations yet. But sources inside the organization have revealed
The post Bitmain: Chinese Media Reporting Jihan Wu and Micree Zhan to Step Down appeared first on CCN
Bitmain Reportedly Will Sack Up to 85 Percent of Workforce
The Chinese crypto mining company Bitmain has apparently been hit hard by the bear market and is looking to sack more than half of their entire workforce.
Credible rumors of this story first began to circulate on Maimai, China’s equivalent to LinkedIn, as anonymous sources on a site frequently used by Bitmain employees began reporting that the company was looking at massive layoffs in the next several days. Some reports were even claiming that the company was looking to shed 50 percent of all employees. These rumors first began to circulate on December 22, 2018.
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