Australian government stops online betting with crypto

Days before betting agencies started accepting cryptocurrencies Australian government sends out cease and desist notice
08 February 2018   746

Days before Australian betting agencies were to start accepting Bitcoin and several other coins Australian gambling regulator – Northern Territory Racing Commission (NTRC) – sent out a notice to stop any such notions underway.

Neds, a gambling site posted on February 1 that they were ready to accept bets in crypto, because it was very fitting of them to do so as they consider themselves “tech guys”. The website was ready to start such service and, as the representative said, to become first in the business to accept crypto for online betting.

And nothing came out of it because just days after the announcement, NTRC sent out an email to all registered betting and gambling agencies to not accept cryptocurrencies in any way or form.

As of now informal, notice in the email reads:

“…. all sports bookmakers and betting exchange operators licensed in the NT if currently transacting in cryptocurrency (for example Bitcoin, Ethereum and the like) for their wagering operations to immediately cease and desist.”

Right now Neds took down all the links for cryptobetting portion of their site, as far as redirecting people to the regular homepage.

The public opinion is mixed. Crypto enthusiasts are unhappy, some wanted a chance to further their gains by trying their luck in gambling. But, as usual, there is opposing camp, who are quite happy with Australian government for placing such restrictions, so there wouldn't be unnecessary temptations and risks involved in betting.

Ebang to Unveil New BTC Mining Devices

As reported, 10-nm process technology based Ebang E11 miners can reach 44 TH/s performance
25 September 2018   118

The Chinese manufacturer of mining equipment Ebang Communication revealed details about the new line of E11 devices, CCN reports.

At World Digital Mining in Tbilisi, the company introduced three new devices. Based on the 10-nm process technology Ebang E11 miners can reach 44 TH / s. According to the information on the company's website, new miners will go on sale in the near future.

Ebang Mining Devices
Ebang Mining Devices

On the advertising pic there are new devices: E11 (30TH / s), E11 + (37TH / s) and the most powerful E11 ++ (44TH / s)

Main competitor of Ebang - Bitmain - had introduced a high-performance chip BM1391 last week based on 7nm process technology. It is noteworthy that the device E11 ++ from Ebang in its effectiveness exceeds the flagship chip from Bitmain only 2J / TH.

The first information about the new line of miners from Ebang appeared in August.