Canaan’s Q3 revenue dropped by 41% while gross profit dipped by 75%, but the company says it will continue to scale its R&D projects and mining operations.
Hashing for subsidies has been extremely profitable, and the continual arms race in hashing has led to levels of efficiency that were frankly unfathomable to the Bitcoin economy just a decade ago.
The current innovation of ASIC miners to make hashing as powerful as possible while efficient as possible is not accounting for a scenario of fee income rising.
The ASIC has released a new information sheet that restricts the kind of information that influencers can distribute, and it could wipe out an entire industry.
Canaan wants $14 million from China’s Highsharp, a chip developer which has partnered with AGM Holdings, the newest entrant in the ASIC market.
ASIC has obtained court orders to shut down A One Multi Services, which it claims engaged in fraud and cashed out some of the funds into digital currencies.
The purchase aligns with TAAL's strategic goals to increase its transaction processing capacity to meet the demands of enterprise customers adopting blockchain technology.
Bitmain originally sued MicroBT and its CEO Yang Zuoxing in 2017 for infringing a patent that Bitmain was awarded for its technology used in designing an ASIC for Bitcoin mining.
China-based online lottery company 500.com continued its foray into the blockchain sector by acquiring ASIC mining machine manufacturer Bee Computing.
The first shipment would take place in January 2022, and will be followed by monthly shipments with the last batch of mining rigs scheduled to arrive by December 2022.
An unidentified client for BitRiver has recently shipped roughly 20,000 ASIC miners into the firm’s block reward mining facility in Siberia.