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Compass Mining, a bitcoin mining firm, published a blog post stating that Bitmain, the company behind the application-specific integrated circuit (ASIC) mining rig, has made changes to its design. The post advised miners to be aware of the changes as Compass Mining identified “three issues” with two different Antminer S19
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Once installed, the new machines will add 2.44 exahash/second (EH/s) to CleanSpark’s 6.6 EH/s of bitcoin mining power, a 37% increase. They will be delivered from the manufacturer to CleanSpark in batches by the end of May. CleanSpark plans to install 15,000 of them in its Washington, Georgia facility, which
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“This order is a major milestone in the exponential growth of Merkle Standard and our partnership with Bitmain signifies our mission to develop sustainable and efficient operations, prioritizing the acquisition of high performing machines and embracing the latest technologies manufactured by our strategic partner Bitmain,” said Ruslan Zinurov, CEO of
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The power struggle within Bitmain’s leadership has finally come to an end as co-founder Micree Zhan regains control over the largest bitcoin miner maker giant. “I have resigned from the CEO and Chairman [positions at] Bitmain as of today,” Bitmain co-founder Jihan Wu said in a statement on Tuesday. “The disagreement
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Crypto mining operator Core Scientific is set to become the first North American cooperative repair center for major crypto mining hardware manufacturer, Bitmain.According to an announcement shared with Cryptox, the company will offer repair services for Bitmain’s machines. The company says that this will reduce costs associated with shipping hardware
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MicroStrategy has put even more of its treasury into bitcoin, Paxful is pulling out of Venezuela and the Bitmain power struggle appears to have found a short-term solution. Top shelfBitcoin buyMicroStrategy, a business intelligence company, told the U.S. Securities and Exchange Commission on Monday it “may increase” its BTC holdings beyond the $250
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Bitcoin is one of the only sources of funding available for the “pirate” science site, Sci-Hub, which is quietly engaged in war against copyrights. Despite Bitcoin’s ability to disintermediate money from politics, a new quantum computer may eventually crack its code. Here’s the story: You’re reading Blockchain Bites, the daily roundup of
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On June 11, 2020, regional reports disclosed that the cofounder of Bitmain, Micree Zhan, is still battling with Jihan Wu in an ongoing feud. The quarrel is allegedly causing shipment problems for customers, as reports note that Zhan is prohibiting deliveries stemming from the company’s Shenzhen factory.Bitmain Cofounder Micree
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[sociallocker id="55298"] Bitcoin underwent a protocol update to make the network more resilient to state attacks, while researchers separately found Ethereum may be losing its anonymity. Elsewhere, “Crypto Mom” Hester Pierce has been tapped for a second term at the SEC, and an ex-Yang advisor is making crypto a cornerstone to
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The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U.S. Securities and Exchange Commission (SEC) for initial public offering (IPO) status. However, the prospectus sent
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