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'Application-Specific Integrated Circuit', ASIC is hardware specifically design to mine bitcoins or other cryptocurrencies.

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Privacy-Focused Beam Has A Successful Scheduled Hard Fork Against ASIC Miners

We are glad to announce that the first planned @beamprivacy Hard Fork was successful. The fork occured at block 321,321 and everything is working as expected. We are continuously monitoring the network. #mimblewimble #privacymatters — @Beamprivacy (@beamprivacy) August 15, 2019 Launch earlier this year, on the tenth anniversary of Bitcoin, Beam is one of the […]
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Grin ASIC Miner is Coming Soon at Price Around $20000

It is reportedly that crypto miner manufacturers including Vidtoo, Innosilicon, Obelisk are planning to launch ASIC miner for Grin this summer. Known as a crypto without ICO, pre-mining and investors, Grin was in its heyday in the early 2019. Since January 16th, Grin’s price have three peaks: $14.7, $13.3 and $6.4. The lowest price is $1.9. The current price is $3.2 and its current market value is about $54.3 million. Adopting ‘Cuckoo Cycle’, a algorithm of POW consensus mechanism, the algorithm of Grin can be divided into C29 and C31. The initial C29 algorithm will produce 90% of the block, and C31 will produce only 10% of the blocks. The proportion of blocks produced by the former decreases by 1% per 8 days, while that of the latter increases by 1% as plan. Two years later (January 2021), the blocking rate of C31 will increases to 100%. The design can ensure that GPU mining is the main method in the early period, thus attracting more people’s attention with low threshold. In the late period, it turned to ASIC Miner to pursue large-scale mining and win the recognition of miners, mining manufacturers, exchanges. At present, SparkPool and F2Pool are the battlefield for Grin’s algorithm with 50% computing power. In August, Grin ASIC miner is coming with two types of G1 MINI and G1 PLUS, supporting C31and C32 mode. The computing power of G1MINI is 50 Gps and that of G1PLUS is 500 Gps. Date of delivery varies with the price (October-December 2019). The highest price of the former is $1950 (13650 CNY), and the latter is at $19500 (1365,000 CNY). At present, the whole computing power of C31 is 133.84 Kg. Take G1PLUS whose computing power is 500 g as an example. That is to say, the GPU computing power of C31 is almost equal to 274 G1PLUS or 2740G1MINI. Grin takes 1 minute to produce 60 pieces per minute, 86 400 pieces in 24 hours. In September, the blocking rate of C29 and C31 was adjusted to 6:4. That is to say, the C31 algorithm can produce about 34,560 pieces in September, the estimated value is $108,518.4 if calculated at the current unit price of $3.14. Assuming there are only 274 G1PLUS in the market, the average revenue per unit reaches $396 (2772 CNY). So it’s not surprising that the unit price of G1PULS is close to 136,000 RMB, after all, it seems that it will payback in only 50 days. Who first launches Grin ASIC miner will make a lot of money. There is no technical difficulty in Grin ASIC miner research and development, in fact, manufacturers are worrying about market expectations. Before that, manufacturers have achieved successful laboratory production, but the current inflation rate, the total market value, and price of Grin can not support mass production for Grin ASIC miner, so many manufacturers are on the fence.
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Russian Customs Service Opens Investigation into Illegally Imported ASIC Miners

The Russian Federal Customs Service has initiated a probe into DTPK, an importer of Bitmain miners, for submitting falsified documents to customs officials and evading $1.2 million in duties. The false documents had listed a much lower price for the miners and their power elements relative to their market price, as reported by CoinDesk, JulyRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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ASIC Mining: The Pros and Cons of Buying an ASIC Miner

Once upon a time, people could mine Bitcoin on their computers using their CPU. Back then the mining rewards were also significantly greater. The situation has changed significantly as soon as Bitcoin became more notorious and price started increasing. Nowadays, there is specialized Bitcoin mining equipment that can be expensive to acquire and operate. These specialized machines are called ASICs. But what are ASICs really, how do they work on a given blockchain and should you buy one to mine Bitcoin? Common Misconceptions About Bitcoin Mining Hardware To understand what ASICs are and how they operate, it is necessary to take care of some misconceptions about Bitcoin mining hardware: Technically, there is no such thing as Bitcoin mining hardware. There are ASICs designed for coins that use the SHA-256 mining algorithm. ASICs that can be used to mine for Bitcoin, can be used to mine for any SHA-256 coin. The high electricity costs associated with operating ASICs, make it profitable to use them only on bigger cap coins. Although there are many coins that are still being mined with GPUs that doesn’t mean they cannot be mined with ASICs. Bitcoin can still be mined with GPUs and even CPUs. The problem is that the hashing rate would make those tools mostly negligible within the network. There are ASIC resistant coins, but generally the resistance has always been breached once the coin’s market cap is big enough to attract more competitive mining. Buying Bitcoin Mining Hardware Once you understand these common misconceptions, you can go ahead with the issue of getting into mining or not. Bitcoin once was a network in which the mining threshold made it easier for anyone to profit from this core network activity. That is no longer the case, and buying an ASIC miner is a substantial commitment: They are not easy to operate because they are often loud. they consume a lot of electricity and they produce copious amounts of heat – unless you use water cooling, and that is a technical challenge in itself. ASICs require constant monitoring to make sure that they are hashing. There aren’t many suppliers – in fact, Bitmain is almost an ASIC monopoly in the space – which causes supply issues. All these factors together with the price of Bitcoin, makes it extremely difficult to properly assess the risk of buying Bitcoin mining hardware. Nevertheless, if you live in a place with high electricity costs, then that disqualifies you from operating Bitcoin mining hardware in a profitable manner almost automatically. Why you Shouldn’t Buy an ASIC Miner If you are still considering buying Bitcoin an ASIC miner after taking all these factors into consideration, remember one thing: you should keep in mind that you cannot re-purpose an ASIC miner. This kind of hardware is only built for SHA-256 coins, which means that you cannot repurpose it. You will be able to point it to other coins, with the next most profitable after Bitcoin being Bitcoin Cash, but that might not be a suitable solution for you. Maybe you Should Buy an ASIC Miner There are still some people who buy and operate ASIC miners in their basements or in their garages. This might make sense in certain places close to the north or the south pole where winters are extremely cold, and electricity is cheap. The heat that comes from this kind of Bitcoin mining hardware can be used to heat a house or part of it during the winter, while it generates magical internet money. But then again, it might not be profitable – or bearable – for you to run your Bitcoin mining hardware in the summer. Whichever way you choose to go, you now have the basic information you need to make the decision. In any case, you should check one of the Bitcoin mining calculators and research what are the conditions you are working with to run your ASIC miner. One thing is certain: Bitcoin mining is now too hard to be as distributed as it was at the beginning. The post ASIC Mining: The Pros and Cons of Buying an ASIC Miner appeared first on BitcoinChaser.
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DIGEST

Own coins by JPMorgan and Mizuho Financial Group, concerns about the crypto adoption, Solidus Labs to beat crypto manipulation, Bitmain's novelty, yen as the most traded currency for BTC, Visa and Mastercard taxes update, Craig Wright's surprise and MEW crypto-to-fiat swap without KYC

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ESSENTIAL

This article shows how to calculate mining profitability using the special formula, how much money you are going to spend for hardware depending on its type, approximate electricity costs by country and additional pool fees. Moreover, it provides the list of online calculators which will help you to estimate your expenditures.

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ESSENTIAL

This guide provides an information on the details of mining hardware, the criteria and important factors which have to be paid attention to when choosing the appropriate hardware as well as its types, such as GPU, FPGA, and ASIC explained in depth.

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ESSENTIAL

Everything you need to know about mining and how it works, difficulties which miner can face during the process, special hardware invented for mining as well as the explanation of the mining pool concept

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DIGEST

To lose bitcoins to some porn website

Twitter community lives its own life, limited to 280 symbols. Finrazor team looked at what was happening with the activity in the main crypto-twitters over the past week and collected tweets with the most expressive reaction.

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Bitcoin Struggles As BAT And ETC Lead The Charge

The cryptocurrency market has somewhat stabilized, presenting a predominantly green landscape as Bitcoin struggles to stay above the psychological $10,000 marker.   Cryptocurrency Market Situation. Source: Coin360   Sentiment for Bitcoin has seen a moderate improvement towards a strongly neutral outlook.   Bitcoin Sentiment Chart by theTIE.io   Despite this overall lukewarm performance, proponents of Bitcoin’s store of value potential have reason to rejoice today. According to a report by Digital Asset Data, BTC is increasingly gaining correlation with the broader asset markets – positively with gold, and negatively with the stock market. With a recession looming on the global economy, Bitcoin could fulfill the role of a “safe haven asset,” to which investors flock during uncertain economic times. Altcoins see recovery with ETC and BAT leading The rest of the cryptocurrency market is seeing strong corrections from yesterday’s fall, with two strong outliers making significant gains. Basic Attention Token is strongly reacting to its new listing on Kraken, a popular exchange part of Weiss Ratings’ Real 10 index of platforms reporting true volume. BAT has gained more than 15% on yesterday’s price, while curiously its partner-in-listing WAVES has registered a much more modest 4%. The stark difference can be explained by the contribution of other fundamental drivers, with BAT recently launching the much-anticipated online tipping feature in its browser.   BAT Recent Price Trend. Source: CoinMarketCap   The other outlier is none other than Ethereum Classic, which after an against-the-grain rally on Tuesday has continued today with a 14.6% gain. The total 7-day performance is a solid +21%, by far the highest in the top-50. As before, it’s difficult to give a meaningful explanation of the rally. The upcoming ETC Atlantis hard fork is scheduled in about 22 days, too far ahead to justify any price action, though the final confirmation was released on Monday. The run is likely to be due to a combination of factors, including possible whales entering ETC positions. The rest of the altcoin market is seeing moderate recoveries, with IOTA, TRON and Cardano gaining 8%, 6.32% and 6.42% respectively as the rest average on 3-4%.   The post Bitcoin Struggles As BAT And ETC Lead The Charge appeared first on Crypto Briefing.
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Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health

Coinspeaker Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network HealthA famous crypto startup firm recognized as Casa that offers primary management service, and Bitcoin node machine has launched a node monitor as well as accompanying reward program to develop Bitcoin network health.The firm revealed the latest innovation in an official website article on Aug. 21. Per the announcement, the node monitor known as Node Heartbeats depends on creating a brief relationship between the server of Casa plus, an internet synced and Tor-activated node owned by a user. The rewards program enables Casa node subscribers to earn 10,000 SatsBack weekly in exchange for operating 5 Node Heartbeat checks weekly, on separate days.SetBack can reportedly be converted for Bitcoin (BTC) just once per day on Keymaster app for Casa, as long as a consumer has garnered a minimum of 50,000 SatBack points. According to the report, Casa is firmly convinced that it`s hectic for consumers to keep up with the trend on their node`s uptime as well as security. By offering an inducement program to leapfrog node health, the firm reportedly expects to enhance the overall health of the Bitcoin network.How the Node Heartbeat OperatesTo verify that node is online, the company makes a concise link from their server to the users Casa Node. For this to be manageable, the user`s node must be synced, online, and with Tor activated. But with Tor, that indicates the node Heartbeat secures user`s privacy.Speaking of privacy, the Node Heartbeat only utilises the connection code of the consumer-the same code that is already existing in explorers and that which the consumer release to others who are willing to launch a channel with them. Sats App automatically submits the code for the users when they send a Heatbeat to saves them from the agony of looking it up.Guess Who Is The Latest Casa Investor?Charlie Lee, Litecoin (LTC) founder revealed just three days ago that he has heavily invested in Casa. He went ahead to praise Casa for spearheading BTC acceptance, indicating:“I have the same feeling about Casa today as I had about Coinbase when I joined in 2013 as the 3rd hire. Casa is making Bitcoin easy to use, and that is extremely important for this space. Looking forward to great things!”New Node Monitor by Lightning LabsAs initially reported by Cointelegraph that the designer of the high-speed transaction protocol Lightning Network, Lightning Labs recently unveiled an alpha version of a node monitor. The invented device, called Indmon, allegedly enables nodes operators to supervise node functions in real-time. Network cases this year reportedly influenced the developers to design a tool for preemptively detecting network and node issues.Casa Unveiled Node Monitor Service to Leapfrog Bitcoin Network Health
Coinspeaker

Gemini Exchange Launches In Australia in Effort to Expand its ‘Crypto Needs Rules’ Brand

One of the most prominent exchanges, Gemini which is owned by Winklevoss Twins is now available for Australian crypto users. “Cryptocurrency is the future of money, and we're committed to building a bridge to that future in Australia.” – @tylerwinklevoss We are thrilled to announce that starting today, we are operational in Australia 🇦🇺 Read […]
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Tether to Launch RMB Stablecoin "CNHT"? CryptoNews

Tether is rumored to launch RMB Stablecoin. Such a move could land crypto in serious trouble in China as the RMB is tightly controlled and regulated. Binance Venus is also on its tails. Ukranian miners accidentally leak sensitive Nuclear Powerplant data. #Cryptocurrency #crypto #Tether RMB Stable Coin https://boxmining.com/tether-to-issue-rmb-cnht-stable-coin-rumor/ https://www.asiacryptotoday.com/tether-to-make-a-chinese-rmb-pegged-token-called-cnht https://cointelegraph.com/news/ukraine-crypto-miners-arrested-for-compromising-nuclear-plant-security https://www.coindesk.com/bitcoin-miners-halt-operations-as-rainstorm-triggers-fatal-mudslide-in-china 👍🏻Subscribe to Boxmining for Cryptocurrency Insight and News: https://www.youtube.com/c/boxmining 🔒Hardware Wallet: http://boxmining.co/ledger 👍🏻Brave Browser: http://boxmining.co/brave 📲Enjin Wallet: http://boxmining.co/enjin 👍🏻Unstoppable Domain: http://boxmining.co/unstoppable 📲Binance Exchange : http://boxmining.co/binance #Bitcoin #Ethereum #Cryptocurrency ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● Telegram groups (Discuss Crypto with us!) Telegram Discussion Group: https://t.me/Boxdatamining Telegram Announcements: https://t.me/boxminingChannel ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● ♨️Social (Add me on Social Media!) Instagram: https://www.instagram.com/boxmining/ Twitter: https://twitter.com/boxmining Facebook: https://www.facebook.com/boxmining Steemit: https://steemit.com/@boxmining ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬● I'm not a professional financial adviser and you should always do your own research. I may hold the cryptocurrencies talked about in the video. ●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
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Kraken To List Basic Attention Token (BAT) and Waves

Kraken has announced they will be listing BAT and WAVES, with pairs denominated in USD, EUR, BTC, and ETH. Trading commences at 13:30 UTC on August 22, 2019, and deposits will take 30 and 10 confirmations before being credited to users Kraken balances for BAT and WAVES, respectively, August 21, 2019. Kraken Expands Altcoin OfferingsRead MoreRead More. The post by Ashwath Balakrishnan appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News\
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