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Bitmain Has Deployed 90,000 ASICs Antminer S9 For The Upcoming Bitcoin Cash Hard Fork

The mining giant Bitmain plans to use 90,000 Antminer S9 hardwares in the Xinjiang Uygur Autonomous Region for the upcoming Bitcoin Cash hard fork. A local mining pool operator Yu Hao told ... Запись Bitmain Has Deployed 90,000 ASICs Antminer S9 For The Upcoming Bitcoin Cash Hard Fork впервые появилась Bit.news.
bit.news

Bitmain Rushes to Deploy 90,000 Antminer S9 Miners in Xinjiang as Bitcoin Cash Hard Fork Looms

With the Bitcoin Cash(BCH)hard fork 7 days way, the two opposing camps—Bitcoin ABC and nChain—are moving forward with their plans. Bitmain, the world’s biggest maker of cryptocurrency hardware and the loyal proponent of Bitcoin ABC, is expediting the deployment of roughly 90,000 Antminer S9 miners in China’s far-western region of Xinjiang, to gain upper hand in the upcoming ‘computing power war’, local news outlet DeepChain reported on Wednesday. Yu Hao, a mining farm operator in Xinjiang, told DeepChain that Bitmain’s Antpool has talked to nearly all mining farms in the region since late October, and convinced them to host nearly 90,000 S9 miners. “ AntPool requested that a single mining farm should host over 5,000 machines,” said Yu. But in fact, only a few mining farms can satisfy their demand. In autumn, coal-abundant regions such as Xinjiang and Inner Mongolia have been home to  crypto mining rigs because hydropower stations in southwest China are unable to supply enough energy for large mining pools. As a major holder of BCH, Bitmain’s initiative is seen as a preparation for the looming BCH hard fork. “Half of its marketing staff have gone to Xinjiang to talk with local mining operators about deploying equipment,” source familiar with the matter said. But the Beijing-based mining  conglomerate refused to comment on this issue.   BCH Hard Fork Looms Different from BCH’s regular network maintenance hard forks twice a year, the upcoming hard fork which is scheduled for November 15 is much more contentious. Bitcoin ABC, an influential BCH client, seeks to remove topological transaction order constraint and to enforce the canonical order of transactions which is expected to significantly improve the scalability performance of the BCH blockchain. Craig S. Wright, the self-proclaimed Satoshi Nakamoto (creator of Bitcoin)and his nChain, on the other side of the debate, have spoken out vehemently against Bitcoin ABC’s proposed upgrade. Denying the partnership, Wright released the altered version of BCH protocols known as Bitcoin-SV (BSV) which highlights a 128MB block size for the network. Given that Wright’s version will not be compatible with the previous proposal, the Nov 15 upgrade is likely to result in the split of Bitcoin Cash into two separate chains and cryptocurrencies. As for now, Bitcoin ABC has garnered support from many large mining poolssuch as BTC.com,AntPool,Btc.top,ViaBTC,Bitcoin.com, accounting for nearly 40% of the total BCH hash power, while BSV is backed up by CoinGeek (the largest BCH mining pool), BMG and SBI. As two leading crypto exchanges—Binance and Coinbase— support the hard fork, crypto speculators rush to buy BCH these days in a bid to receive the free BSV assets at a 1:1 ration after the hard fork. The buying spree added a whopping 40% to BCH’s price, surging to $635 on November 7, up from lows of $424 last week. BCH is traded at $594 at the press time, according to coinmarket cap. Some miners in China said they would start mining BSV on November 10 because the warm-up can reduce the difficulty of mining.
8BTC

Bitmain Actives Controversial ‘AsicBoost’ in Antminer S9, Boost 20% Bitcoin Mining Efficiency

Bitmain, the world’s largest bitcoin mining manufacture has released a firmware for its popular Antminer S9 to enable the “overt AsicBoost” functionality. The controversial code will be able to boost 20 percent hike in efficiency of bitcoin mining. In a recent blog post on Monday, Bitmain explains the new-released firmware will support the overt AsicBoost functionality and brings significant speed boost and cost saving to the bitcoin miners. Notably, although Bitmian is only enabling these mining devices to use AsicBoost at present, the chips were already capable of supporting the function on a hardware level. AsicBoost is a technology implemented in ASIC chips used for crypto mining that originally  patented by CoinTerra CTO Timo Hanke and RSK Chief Scientist Sergio Demián Lerner. It can reduce the amount of work that SHA256 miners must perform to produce a hash, so essentially, it may save some energy in finding a valid block. However, AsicBoost can be implemented either covertly or overtly, and that’s why controversial is so controversial. The covert AsicBoost promotes miners to produce small or empty blocks and makes it difficult to identify miners’ identities. Some Critics accused Bitmain of applying covert AsicBoost prior to the SegWit fork of bitcoin, but Bitmain denied the allegation. According to the blog post, Bitmain has previous released support for AsicBoost Boost in March 2018. In order to give their mining pools users the option to mine using AsicBoost, the firm adds support for it on both BTC.COM and Antpool. Bitmain emphasized that there isn’t and may never be a patent right over AsicBoost, thus miners can choose whether or not to use AsicBoost technology. This time, Bitmain is giving miners a chance to take this advantage without any negative impact on the bitcoin protocol. According to Bitmain, This variant of the “overt AsicBoost” simply uses version bits different from those that other manufacturers have been using. It is equally transparent because it can be seen in the blockheader of boosted blocks. Bitmain also added they are intend to release firmware supporting the same functionality for its Antminer R4, S9i, S9j, T9 and T9+ miners next week.
8BTC

Bitmain Releases Overt AsicBoost Firmware for Antminer S9

Bitmain has finally released its firmware for the popular Antminer S9 to enable what is called “overt AsicBoost.”In a recent blog post, Bitmain explains their rationale for the firmware release, citing that they originally “decided against activating this mathematical function in mining hardware” due to the “uncertainty surrounding the use of AsicBoost.” Bitmain previously released support for AsicBoost back in March 2018 by adding support for it on their mining pools BTC.com and Antpool. This, however, came after the company noticed blocks being mined on the blockchain using AsicBoost. Bitmain had not released firmware support for its own miners until yesterday’s blog post. Now, Bitmain has enabled AsicBoost on its own hardware, calling it “overt” because of the obvious use of AsicBoost when it is being used by miners (by looking at the blockheader in a block, it is easy to tell if the block was boosted). In one week, Bitmain will also release firmware to enable AsicBoost in its other hardware devices, namely the Antminer R4, S9i, S9j, T9 and T9+. What Is Overt AsicBoost?AsicBoost is a technology implemented in ASIC chips used for mining cryptocurrencies like Bitcoin. When applied to these chips, AsicBoost allows miners to take a “shortcut” to finding a valid block, essentially saving some energy. The technology was originally patented and held by CoinTerra CTO Timo Hanke and RSK Chief Scientist Sergio Demián Lerner. Following the Blockchain Defensive Patent License (BDPL), an agreement to make certain blockchain technologies are shareable with other companies that take part in the agreement, AsicBoost was put in a defensive patent license as part of the process to get rid of all mining patents.Bitmain, however, is not part of the BDPL agreement. “With regard to patent rights, we continue to respect third parties’ IP right and take actions accordingly. Based on legal opinions from various jurisdictions, we believe that there isn’t and may never be a patent right over AsicBoost. Thus, all miners should be entitled to make their own choice on whether to use AsicBoost technology without anybody having an exclusive right over it.” This news comes after there has long been speculation that Bitmain has been using AsicBoost within its own walls, in the form of what’s called covert AsicBoost. The accusations stated that Bitmain covertly, or privately, used the technology to give themselves an advantage over mining hardware that did not utilize AsicBoost. Furthermore, speculations have long circulated claiming that Bitmain’s opposition to the SegWit soft fork upgrade and later support for Bitcoin Cash back in August 2017 was due to a greater incentive: SegWit made it more difficult for covert AsicBoost to be used in the Bitcoin blockchain. This article originally appeared on Bitcoin Magazine.
Bitcoin Magazine

New Bitmain Firmware Launches for “Overt AsicBoost” On Antminer S9 Crypto Mining Devices

New Firmware Launched by Bitmain for “Overt AsicBoost” On Mining Devices China-based Bitmain Technologies Ltd. is the largest designer for ASIC chips in the cryptocurrency industry, primarily focusing on support for Bitcoin mining. In an effort to improve their current model, the AntMiner S9, the company has created new firmware, which was announced on Twitter and on their blog. On Twitter, the post reads: We’ve released new firmware to activate “Overt #AsicBoost” on the #Antminer S9. Firmware for other BM1387-based models coming soon. Learn more about this decision here: https://t.co/hfEfFslyxp Download link: https://t.co/KpkClmWPZk — BITMAIN [Not giving away ETH] (@BITMAINtech) October 22, 2018 The “overt AsicBoost” function is only presently active for the AntMiner S9, but the blog reveals that they “will also release in one week the firmware to activate this functionality in other BM1387-based models.” The other applicable models will include the AntMiner R4, S9i, S9j, T9 and T9+. With the new firmware, the mining chips will have a stronger long-term network, though the coding used is fairly controversial. Originally, the company had not planned to activate the firmware within their own mining hardware, based on “the legal uncertainty surrounding the use of AsicBoost.” The company explained: “As an organization, we didn’t want to violate patent laws or act in any way that was untoward. Instead, we continued to focus our efforts on R&D and building the industry’s most efficient mining chips. It’s worth noting, as outlined in an April 2017 blog post, our ASIC chip BM1387 has the capability built into the chip technology.” However, now, the company is offering the firmware as a “boost” for miners that “have the capability to support this function a choice to avail this advantage without any negative impact on the Bitcoin protocol.” The version available from Bitmain is more of a combination of the firmware that other manufacturers of mining chips and devices have been using. As far as patent rights, Bitmain believes there isn’t any current issue with AsicBoost from a legal aspect. In fact, they note in the blog: “Based on legal opinions from various jurisdictions, we believe that there isn’t and may never be a patent right over AsicBoost. Thus, all miners should be entitled to make their own choice on whether to use AsicBoost technology without anybody having an exclusive right over it.” Bitmain has certain priorities for what they aim to offer miners. They strive to offer the “best mining technology in the industry,” which is exactly what’s made them rise to the top. The blog notes that there are “two main objectives” that the activation of the firmware allows them to do. Those objectives are “future objectiveness” and “stronger network.” Daniel Johnson, the director of Blockchain Technologies for Advania Data Centers, replied to the announcement on Twitter. He commented: I haven't tested this yet but we'll probably see a bump in #BTC difficulty as a result. Very interesting that this is happening just after @braiins_systems announced they would enable #AsicBoost in their firmware soon. #Mining https://t.co/lvrLOMoRfr — Daniel Jonsson (@dfjonsson) October 22, 2018 Right now, the new firmware is available to be downloaded here.
Bitcoin Exchange Guide

Bitmain Releases Overt ASICBoost Firmware for Antminer S9

Miner manufacturer Bitmain has published firmware to activate Overt ASICBoost, an algorithmic optimization aimed at cutting costs, increasing efficiency, and boosting the Bitcoin network’s overall hashrate, on their popular Antminer S9 miners.  Also see: Examining Avalanche Consensus Chatter Around Bitcoin Cash, Tezos Subscribe to the Bitsonline YouTube channel for great videos featuring industry insiders & experts ‘Making the Bitcoin Network Stronger Than Ever Before,’ Says Bitmain On October 21st, Bitmain released firmware to activate Overt ASICBoost in the Antminer S9. The firm announced the development publicly the following morning on their website. We’ve released new firmware to activate “Overt #AsicBoost” on the #Antminer S9. Firmware for other BM1387-based models coming soon. Learn more about this decision here: https://t.co/hfEfFslyxp Download link: https://t.co/KpkClmWPZk — BITMAIN [Not giving away ETH] (@BITMAINtech) October 22, 2018 Headquartered in Beijing, Bitmain is presently the world’s leading manufacturer of cryptocurrency miners, particularly miners underpinned by ASIC chips. ASICs, or application specific integrated circuits, are specialized chips that, in the context of Bitcoin, are deployed to compute the hashes of new blocks. Overt ASICBoost is an algorithmic optimization that increases computational efficiency further. The functionality, which was in-built in all of Bitmain’s rigs that rely on their BM1387 ASIC chip, has now been unlocked in the Antminer S9. Bitmain said they’d be releasing similar firmware for the S9i, S9j, R4, T9, and T9+ Antminers in “one week.” More efficiency means better odds of winning a block. The firm had waited until now to release the firmware over the previously ambiguous intellectual property situation surrounding Overt ASICBoost. “Based on legal opinions from various jurisdictions, we believe that there isn’t and may never be a patent right over AsicBoost,” Bitmain wrote today, October 22nd. “Thus, all miners should be entitled to make their own choice on whether to use AsicBoost technology without anybody having an exclusive right over it.” Eyes on the Horizon At the World Digital Mining Summit in September 2018, Bitmain co-founder and chief operating officer Jihan Wu surprised the audience by announcing the BM1391, the company’s next-gen ASIC chip. In lab testing, the firm’s engineers found that the BM1391’s power efficiency could go down as far as 42 J/TH. Also in September came Bitmain’s formal application for an initial public offering on the Hong Kong Stock Exchange. In the filing, the manufacturing power reported revenues of $2.85 billion USD through the first half of 2018. Bitmain will look to keep up the pace of its profitability and developments in the months and years ahead, even as others in the space are working to box them out. What’s your take? Do you think Overt ASICBoost should or shouldn’t be used? Let us know in the comments section below. Images via Pixabay, TheBitcoinMiner’s YouTube The post Bitmain Releases Overt ASICBoost Firmware for Antminer S9 appeared first on Bitsonline.
Bitsonline

Bitmain is Suffering from the 27.6% US Tariffs on Their Antminer S9

As the 2018 China-United States trade war has entered a red-hot stage, the Chinese cryptocurrency mining giant Bitmain is facing new tariffs of its overseas markets since August 23. According to the South China Morning Post, Bitmain would become the most exposed among Chinese mining hardware manufacturer to US barriers. Other mining giants that have their overseas business heading to the US, for example, Cannaan and Ebang International have been influenced by the new US tariffs as well. Their IPO plans also encounter obstacles due to this issue. Bitmain’s Antminer S9 were previously classified as “data processing machine” with zero tariffs. However, the office of the United States Trade Representative has categorised Antminer S9 as the “electrical machinery apparatus” which is subject to 2.6% tariff in this June. At present, Chinese mining hardware makers are facing the 27.6 per cent tariffs of their US exports as Chinese goods are all subject to the additional 25% tariffs which took effect in August. It would be a hard time for Bitmain as over 50% of its revenue is from overseas market according to Bitmain’s public financial statement. Meanwhile, Canaan and Ebang International reported their overseas sales contributed to 8.5% and 3.8% of their total revenue in 2017 respectively. It was also reported that, Bitmain’s Antminer S9 accounted for over half of the company’s $2.5 billion revenue in 2017. The US tariffs would make the Chinese mining equipments less competitive in the global mining hardware market. In the IPO financial statement, Bitmain has indicated that their financial situation could be impacted by economic and political conditions. This time, the significant change in the US tariffs could be seen as one of those issues. In addition, Bitmain is also under high pressures of producing more advanced chips to keep its dominance in the mining world while its rivals are rolling out miners that are faster and more efficient than its Antminer S9.
8BTC

Bitmain Crypto Miner “Antminer S9 Hydro” Launches with a Water Cooling System

Bitmain's New Antminer S9 Hydro Launched Bitmain launched the Antminer S9 Hydro earlier this month as a flagship product on its new water cooling mining machines. The Antminer S9 Hydro comes with the SHA -256 algorithm allowing users to mine compatible coins such as Bitcoin (BTC) and Bitcoin Cash (BCH). The device aims at providing an efficient, reliable and secure mining device with low noise levels, heat dissipation and low energy consumption. The sale of the Antminer S9 Hydro starts today. The Antminer S9 Hydro is the eighth product released by Bitmain this year but already promises to be the best with its water cooling systems providing more efficiency than the air cooling systems in other miners. Other mining devices released this year include ANTBOX, Antminer S9i and the Z9mini. Specifications of the Antminer S9 Hydro The Antminer S9 Hydro differs from the conventional air cooling miners as it integrates a water cooled system to reduce the heat emitted during mining while mining with a specific, APW5 power source. The device has a hash rate of 18 T with a total power consumption of 1728W per hour. Antminer S9 Hydro allows an external water circulation system for heat dissipation. In case you are a large firm, the device offers low noise levels during mining and high energy saving while using an outdoor water circulation system. The specifications of the Antminer S9 Hydro offers three main advantages to the users; efficient heat dissipation through the water cooler, noise reduction and high energy saving. Unique nature of the Antminer S9 Hydro miner Heat dissipation Antminer S9 Hydro is a water cooling mining device built to the most efficient and innovative standards available for heat dissipation. The device supports an internal and external water cooling system with an option to connect to an outdoor water source to quickly cool down the internal system and computing boards during mining. The improved and highly customized water cooling system reduces the chip temperature difference by only 5°C which improves the efficiency of mining and overall performance of the miner during operation. Low levels of noise during mining Apart from the main feature of the miner, noise reduction is a competitive advantage to the Antminer S9 Hydro with maintenance costs related to noise a thing of the past. The water cooling system doesn’t only provide lower temperatures for the system but also doubles up on reducing the noise produced during mining. Working at optimum levels, the Antminer S9 Hydro is capable of reducing up to 20 decibels compared to previous versions. High energy saving Unlike the previous use of fans to reduce the heat on air cooled miners, the S9 Hydro will directly cool the system through water entering the miner from the external water source. The device is expected to save around 8%-12% of the electricity used during mining. The cooling system also provides excellent dustproofing and easy maintenance ensuring the long term operational stability of the miner. Finally, over 95% of the power consumption can be moved external via the water circulation system which ensures the system is kept safe from the dust deposits inside the machine hence decreasing the risk of short circuit or corrosion of internal components. This improves the service offered by air cooled miners that require air volume passed through the system. Antminer continues to be a valuable brand to Bitmain and this latest addition of the Antminer S9 Hydro, further confirms the statement.
Bitcoin Exchange Guide

Antminer S9 Hydro: New Bitmain water cooled cryptocurrency miner goes on sale

Bitmain, a well-known cryptocurrency equipment provider, officially announced the release of its flagship product Antminer S9 Hydro. It is the eighth product launched this year, after the introduction of Antminer S9i, ANTBOX, and Z9mini,... Antminer S9 Hydro: New Bitmain water cooled cryptocurrency miner goes on sale
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Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform https://www.altcoinbuzz.io/crypto-news/spotlight/bosscrypto-crypto-investment-and-education-platform/ Boss Crypto https://bosscrypto.co/buzz Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency https://coingape.com/yahoo-rakuten-progress-cryptocurrency/ Rakuten Wallet Launch Announced for March 30, 2019 https://www.ccn.com/rakuten-wallet-launch-announced-for-march-30-2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March https://cryptoupdate.ca/heres-why-crypto-maximine-coin-mxm-jumped-754-5-in-march/ https://www.coingecko.com/en/coins/maximine https://maximine.io/ eToro adds Tron TRX to its Platform with More than 10 Million Users https://www.altcoinbuzz.io/crypto-news/product-release/etoro-adds-tron-trx-to-its-platform-with-more-than-10-million-users/ https://twitter.com/Altcoinbuzzio/status/1110447607250210817 -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼https://t.co/A8E21UuBz2 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
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