ASIC
ASIC is an acronym for “Application Specific Integrated Circuit”. ASICs are silicon chips specifically designed to do a single task. In the case of bitcoin, they are designed to process SHA-256 hashing problems to mine new bitcoins.
ABTC Powers Up 11,298 Bitcoin Mining Rigs Amid Bear Market
ABTC energizes 11,298 ASICs, boosting total capacity to 28.1 EH/s. Shares surge 11.7% despite Q4 losses and challenging market conditions.
NY Lawmaker Proposes AI Dividend Tax to Fund Direct Payments to Americans
New York Assemblyman Alex Bores unveils plan to tax AI companies and distribute dividends to US citizens facing job displacement from automation.
Bitdeer BTDR Unveils SEALMINER DL1 Air for Litecoin and Dogecoin Mining
Bitdeer launches SEALMINER DL1 Air Scrypt miner with 25 GH/s hashrate and 149 J/GH efficiency, targeting LTC and DOGE miners seeking operational flexibility.
Australia Bars Blockchain Global's Ryan Xu Amid Crypto Exchange Probe
Ryan Xu, director of Blockchain Global, is barred from leaving Australia as ASIC investigates the collapse of ACX Exchange. The case highlights increased regulatory scrutiny on crypto firms.
US Mint Miner Revolutionizes Crypto Mining with Low-Cost ASIC Hosting
US Mint Miner offers ASIC hosting with $0.01 electricity and no service fees, emphasizing renewable energy and 24/7 support, according to CoinMarketCap.
Canaan Inc. Submits 2024 Annual Report to SEC
Canaan Inc. has filed its 2024 annual report on Form 20-F with the SEC, showcasing its continued innovation in crypto mining and ASIC technology.
ASIC Arms Race Continues Unabated with No End in Sight
The ongoing depreciation challenge faced by ASIC owners as technological advancements in mining equipment persist, according to CoinShares.
Crypto Scams Surge in 2024: ASIC Cracks Down on Fraudulent Schemes
The rise in crypto scams in 2024 underscores the need for vigilance in the Web3 space, according to the Australian Securities and Investments Commission (ASIC).
Bitfinex: Bitaxe Ultra is Pioneering Open-Source Bitcoin Mining Hardware
Discover the Bitaxe Ultra, an open-source Bitcoin ASIC miner leveraging Bitmain's BM1366 chip for efficient home mining.
Worldcoin (WLD) World App Reaches 10 Million Users
Worldcoin's World App, launched in June 2023, has over 10 million users, promoting universal basic income and sparked interest in alternative wallets within the Worldcoin ecosystem.