ASUS to Announce New Mining Motherboard

Device is called ASUS H370 Mining Master and is designed to support up to 20 GPUs
31 May 2018   1712

The company Asus has introduced a new motherboard, designed specifically for cryptocurrency miners. This is reported on the company's website.

The H370 Mining Master motherboard is an updated version of the B250 Mining Expert, presented last year, containing 19 PCI-Express slots. The main feature of the newer device is support for up to 20 video cards.

ASUS H370 Mining Master Motherboard
ASUS H370 Mining Master Motherboard

According to representatives of the company Asus, a new hardware will be available in the third quarter of this year. The price of the device is still unknown.

The H370 Mining Master is equipped with a built-in monitoring system for the status of the connected video cards. For memory, there are two slots in which you can install up to 32 GB of DDR4 2666 memory. The board's hardware includes two SATA 6 Gbps ports, six USB 3.1 ports and four USB 2.0, and one Gigabit Ethernet.

The new product will be presented to the public next week in Taiwan during the Computex 2018 event.

Bitmain Wants to Sue $4.3M From Ex-Employees

Tangled cased started back in 2015, when today's largest mining pool BTC.com was born
17 June 2019   87

The Chinese mining company Bitmain sued three of its former employees who allegedly violated the contract to refuse competition. This is reported by Coindesk.

Currently, there are six lawsuits in court: three from the co-founders of the Poolin pool, claiming that they are no longer bound by the terms of the contract with the company, and three from Bitmain, insisting on the opposite.

The operational director of Poolin Fa Zhu in 2015 reported that he and his colleagues suggested Bitmain to open a new mining pool, BTC.com, in parallel with Antpool, which was already available at that time. Bitmain did not support the initiative, and then the three decided to launch it with their own money. Today BTC.com is the world's largest bitcoin mining pool in terms of hash rates.

Poolin was founded in November 2017 for the mining of a variety of cryptocurrencies and is currently ranked seventh among the largest mining pools of Bitcoin. Poolin was involved in Bitcoin mining in July 2018 and has since received 26,825 BTC or $ 220 million at the current exchange rate.

Under the terms of the waiver agreement, Bitmain had to pay the Poolin CEO Zhibiao Pan $ 2,780 a month for two years for refusing to open a bitcoin mining pool. The amount of compensation for the two other business participants is not specified.

Now the company is trying to recover all payments from the former employee, and also asks to impose a fine in the amount of $ 667,000 for violating the terms of the contract. In addition, Bitmain lawyers argue that all Bitcoins mined by Poolin are income derived from the failure to comply with the terms of the agreement, the percentage of which is also subject to recovery. The total amount of the claim is $ 4.3 million.

Poolin lawyers, in turn, state that Bitmain itself violated the terms of the agreement when it failed to pay Pan in due time, and the 26 825 BTC obtained by the defendant cannot be considered a direct loss for BTC.com, since there are many pools in the Bitcoin network, everything of which were able to get this cryptocurrency.