Bitmain exchange declared the launch of ASIC chip with a SHA256 algorithm. The company also has plans to unveil new generation digital currency mining machines integrating new chip BM139. The company revealed, “The new ASIC SHA256 algorithm acceleration chip carefully built by Bitmain uses one of the world’s most advanced semiconductor manufacturing technologies, 7nm Finfet.
The WeChat messaging application has begun to block the official accounts that involve cryptos. An official sales channel of Bitmain possessing WeChat ID ‘antminersale’ has been blocked. WeChat found the content distributed by the account has violated the rules. Reportedly, another official account that delivers product information for mining equipment is active. The official account of Delphy also becomes unavailable.
The Bitmain Technologies Ltd has associated with BitKan for the conduct of the World Digital Mining Summit scheduled to happen from 21st to 23rd September. The event would feature thirty and beyond speakers and is to be held in Tbilisi, the capital city of Georgia. The speakers would discuss the eco-system developments and the November 2018 protocol upgrade.
The Bitmain-backed mining pool BTC.com is diversifying its offerings to add Ethereum and Ethereum Classic mining pools. The mining pool would also add mining facilities of cryptos such as Litecoin, ZCash, and Monero. The new mining pools would also extend GPU and CPU mining options. Reportedly, the GPU mining is much more secure.
The blockchain startup Lambda has received investments from the crypto mining company, Bitmain. The investments received are to be used for the development of decentralized infrastructures and distributed applications (dapps). The ICO campaign of the startup began after the private sale. The companies such as FunCity Capital, BlueHill, Zhen Fund and others invested.
A stakeholder of Uber, Softbank has refused investments in the Bitmain crypto mining company. Kenichi Yuasa of the Corporate Communication Office of SoftBank Group Corp revealed, “Neither the SoftBank Group Corp nor the SoftBank Vision Fund was in any way involved in the deal.” However, the crypto mining company refused to comment at this regard.
The Bitmain crypto mining company has disclosed its intention to unveil $18 billion Initial Public Offering (IPO). Reportedly, the conduct of $18 billion IPO would be of high valuation. The executive vice president and the director of operations of Bitmain announced. It is expected to create a fresh wave of enthusiasm among the crypto enthusiasts.
Bitmain, the largest mining company, has revealed a new product which allows the users to mine cryptocurrency with their Wi-Fi routers while they’re connecting to the internet. The announcement about the new product called Antrouter R3-DASH and Antrouter R3-SIA has been made in Bitmain’s social media and developed to mine dash (DASH) and Siacoin (SC).
Bitmain has come up with policies for its mining operations and mining hardware shipping process. The policies are aimed to develop and maintain a ‘fair and transparent cryptocurrency ecosystem.’ It is reported that the shipping details of new miners would be produced by ASIC manufacturer on its Twitter account. The company decided over empty blocks mining.
Bitmain has recently set-up a shop in Silicon Valley, as confirmed by the Silicon Valley Business Journal. The world’s largest cryptocurrency mining company opened an office in the California technological hub. The decision is concerned about the growing interest of cryptocurrency mining activity in the U.S and the uncertain future of cryptocurrency mining industry in China.