Bitcoin Cash going upwards

Bitcoin Cash saw a series of optimistic events and a notable rise within past week growing by almost 40%
07 November 2017   1805

At the press time, Bitcoin Cash is on the 3rd place in the list of top cryptocurrencies with the highest market capitalisation. Bitcoin Cash currently follows Bitcoin and Ethereum having a $10 billion MarketCap, which is $3 billion more than it had only 6 days ago. During past week Bitcoin Cash was developing quite positively and eventually rose almost by 40% from $440 on November 1 to $620 on November 7.

Bitcoin Cash Charts November 2017 Bitcoin Cash Charts

On November 3 the cryptocurrencies market cap exceeded $200 billion and it was noticed that Bitcoin Cash rose by 87%. What is more, on November 1 Wikileaks Shop announced in twitter that it starts to accept Bitcoin Cash as a method of payment, notably rising awareness of the currency among users.

Also, Bitcoin Cash is in the centre of attention because its hard fork is due to come on November 13. According to Bitcoin entrepreneur Juan Garavaglia, Bitcoin Cash hard fork is only meant to upgrade the protocol.

It seems like the transformation and development of Bitcoin Cash as an independent cryptocurrency outside Bitcoin, lets it grow so fast. For instance, Bithumb, the second largest crypto exchange after Bitfinex, was making nearly $1 billion in Bitcoin Cash trades daily during the last month.

Bithumb Bitcoin Cash Graph November 2017Bithumb Bitcoin Cash Graph

Also, such a successful development of Bitcoin Cash may be linked to a fast-growing Bitcoin as any cryptocurrency directly connected with Bitcoin would benefit from the exposure of Bitcoin in media services and within financial industry.

Moreover, on November 6 the official account of Bitcoin Cash made an announcement that 21 of Los Angeles area bitcoin ATM locations of BitcoinPlug will be selling Bitcoin Cash from now on, which is also quite a positive piece of news.

Bitmain to Announce New ASIC Chip

BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH
18 February 2019   106

This Monday, the Chinese mining company Bitmain announced the next-generation 7-nm chip codenamed BM1397, which, according to it surpasses its predecessors in performance and energy efficiency and is suitable for mining cryptocurrencies on the SHA256 algorithm, including Bitcoin and Bitcoin Cash.

The BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH, which is “higher by 28.6% than the previous 7-nm chip from Bitmain”, codenamed BM1391.

BM1397 is manufactured using TSMC, a Taiwan-based semiconductor product company, which is one of the leading suppliers in the cryptocurrency mining industry.

The BM1397 chip will be installed in the new ASIC miners of the Antminer S17 and Antminer T17 models, the release of which Bitmain promises to announce later. The company does not provide other details of the updated devices in its message.