ASICs

ASICs

Finance

Childhood Friends Battle Over Ownership of North America's Largest Bitcoin Mine

Four years ago, two lifelong friends turned a small investment into the largest crypto miner in North America. Now they are warring over the company's future.

Coinmint's bitcoin mine in Massena, New York, pictured in 2020. (Prieur Leary)

Markets

Coronavirus Controls in China Are Delaying Crypto Miner Deliveries, Firms Say

MicroBT and Canaan have notified customers they would be delaying ASIC deliveries due to the Chinese government's quarantine of Wuhan following the coronavirus outbreak.

(Image via Shutterstock)

Markets

Canaan’s Post-IPO Stock Plunge Reveals Sales Slump, Price War With Bitmain

Cryptocurrency mining computer-maker Canaan Inc. may have picked the worst time for its initial public stock offering.

Credit: CoinDesk archives

Markets

Importer of Bitmain's Bitcoin Miners Draws Criminal Investigation in Russia

An importer of Bitmain's bitcoin miners is under investigation for underpaying customs fees, a search warrant obtained by CoinDesk reveals.

An engineer works with bitcoin mining rigs (Shutterstock)

Markets

Grin Developers Agree to Alter Technical Development Roadmap

Developers behind the cryptocurrency Grin agreed to hold off on changes to planned proof-of-work updates for the foreseeable future.

grin, mimblewimble

Markets

Ethereum's ProgPoW Proposal: An Expensive Game of Whack-a-Mole

Ethereum's ProgPoW proposal may appear to minimize the ASIC advantage, but it isn't as democratizing as claimed, argue Dovey Wan and Martina Long.

arcade, mole

Markets

Ethereum Mining Pool Receives Mysterious $300K Blockchain Payout

Cryptocurrency mining pool Sparkpool received a payout today of over $300,000 for mining one block on the ethereum blockchain.

ethereum

Markets

Bitmain Announces New, More Efficient 7nm Bitcoin Mining Chip

Bitmain Technologies has announced a new 7nm bitcoin mining processor that it says offers a big boost in energy efficiency.

Crypto mining machines (lmstockwork/Shutterstock)

Markets

Ethereum Foundation and Others Weigh $15 Million Bid to Build 'Randomness' Tech

The Ethereum Foundation may spend $15 million on a project implementing randomness tech called "Verifiable Delay Functions."

eth btc

Markets

Ethereum Miner Linzhi Calls Out Project Coders for Proposed ASIC Ban

Shenzhen-based miner manufacturer Linzhi has pushed back against ethereum's “tentative” decision to block specialized ASIC hardware.

Crypto mining machines (lmstockwork/Shutterstock)