Bitmain Gets Down With Energy-Efficient ASIC Mining

The mining giant has a new ASIC chip. Will it help the company turn its fortunes around? Bitmain Technologies Ltd. today announced the BM1397, a 7-nanometer ASIC chip for proof-of-work mining. The new chip, made with the Taiwan Semiconductor Manufacturing Company’s FinFET process, reportedly uses less power, with a 28.6 percent improvement in energy efficiency…

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Bitmain Pauses Texas Mining Operations, County Officials Report

According to reports from media outlet Texas Public Radio, the Chinese mining giant Bitmain Technologies has reportedly suspended operations in the town of Rockdale. Bitmain started to build up its new facility at a former aluminum smelting factory last summer, but since the crypto economy downturn, the company’s operations at the Texas factory have allegedly paused….

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Distributed Digest: Wednesday, January 9, 2019

The Veil prediction market platform is launching on the Ethereum mainnet soon, a tutorial to quickly deploy the Görli testnet is out, and ShapeShift is feeling the effects of crypto winter. Your daily distillation of crypto news for Wednesday, January 9, 2019: Let’s Meet Veil Launching on the Ethereum mainnet on Tuesday, January 15, is…

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Coinbase Fires 15 Remotely Located Employees

The leading cryptocurrency company is reported to have laid off remotely placed customer support staff. Staff Cuts at Coinbase Coinbase, the largest cryptocurrency exchange in the United States, is reported to have fired at least 15 employees from its customer support, compliance, and fraud departments. The news was reported by Yahoo Finance last Friday. According…

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