Bitmain to Release Zcash Miner Antminer Z9 Mini

Zooko Wilcox, CEO of Zcash, isn't very happy with new device
04 May 2018   1955

Leading manufacturer of equipment for cryptocurrency mining Bitmain introduced the Antminer Z9 mini device. It mines the Equihash algorithm coins.

Antminer Z9 Mini
Antminer Z9 Mini

Each of the buyers will be able to purchase no more than one device. The company believes that such an approach will allow selling devices to a large number of miners around the world.

The company's website says that the beginning of the delivery of the new device is expected in the last decade of June. The device's hashrate is 10k Sol / s with a power consumption of only 300W. The price of the Antminer Z9 listed on the Bitmain website is 1999 USD.

Creators of Zcash isn't very happy with new device.

That is absolutely never what I had intended to commit to, because (a) I always thought that it would probably become impossible long-term, and (b) I always believed that there was a fundamental trade-off between widespread distribution of the coins on one hand, and miners having a large sunk-cost investment into the coin on the other hand, and that the latter might eventually prove to be valuable for attack-resistance and network stability.

Zooko Wilcox

CEO, Zcash

In his opinion, this "compromise" was supposed to counteract centralization, as well as promote stable operation of the network.

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   112

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.