Mining

Under Pressure, Bitmain Releases Patch to Let Bitcoin Miners Activate ‘Overt AsicBoost’

Advertisement Cryptocurrency mining giant Bitmain has published a firmware update that allows bitcoin miners to activate “overt AsicBoost,” a technological upgrade that provides significant cost savings over conventional mining setups. Bitmain Firmware Enables Overt AsicBoost Bitmain released the patch just days after braiins, the software development group that operates Slush Pool, revealed that it had […]

Mining

Trump’s Tariffs are Putting the Pinch on Bitcoin Mining Giant Bitmain

Advertisement Increasing tensions in China-US trade relations may portend tougher times ahead for Chinese bitcoin mining hardware maker Bitmain, with shipments to one of its major overseas markets facing new tariffs since August 23. The South China Morning Post reports that Bitmain is seen by analysts as the cryptocurrency mining hardware firm with the most potential exposure […]

Mining

Crypto Mining Giant Bitmain Acquires Bitcoin Cash Wallet

Advertisement Open source browser-based cryptocurrency wallet Telescope has officially announced its acquisition by Bitmain Technologies Inc., the world’s largest crypto mining rig manufacturer, which also runs one of the world’s most extensive cryptocurrency mining pools. The move comes at an important time for Bitmain, which is increasing its involvement in the bitcoin cash space as […]

Mining

Cryptocurrency Mining Giant Bitmain Files for IPO in Hong Kong

Antminer S9, Bitmain Bitmain Technologies, the cryptocurrency mining firm co-founded by billionaires Jihan Wu and Ketuan Zhan, released public financial statements audited by KPMG on Wednesday, formalizing its desire to go public on the Stock Exchange of Hong Kong (HKEX). The long-awaited initial public offering (IPO) prospectus of the company was published, so far in […]

Mining

Samsung to Manufacture ASIC Chips for Canadian Bitcoin Mining Firm

Advertisement Squire, a Canada-based crypto mining firm, which raised $ 19.5 million in August to develop sophisticated mining equipment, has signed a deal with South Korea’s largest conglomerate Samsung to manufacture ASIC chips. The company has partnered with Gaonchips and Samsung Electronics to design and manufacturer new ASIC mining chips, which could allow the company […]

Mining

Bitcoin Core Vulnerability Would Have Allowed Miners to Inflate the BTC Supply

Advertisement A newly-patched vulnerability in Bitcoin Core was far more severe than initially revealed, developers disclosed in an updated statement on Thursday. Bitcoin Vulnerability More Serious Than Earlier Announced The statement, posted on the website for the open source project, revealed that Bitcoin Core versions 0.16.3 and 0.170rc4 not only patch a denial-of-service (DoS) bug […]