Bitmain to Unveil Computing Power Volume

Bitmain claims that they have the following computing powers: 1692.05 PH/ sec on the SHA256 algorithm, 339.69 GH / s on ETHASH and only 44.19 GH / s on SCRYPT
26 July 2018   1666

The largest manufacturer of mining equipment Bitmain will update every 30 days information about its own mining capacities and show which hashrates the company controls on three algorithms: SHA256, ETHASH and SCRYPT. 

To put it plainly, we believe that communities served by Bitmain and its products should be supported and served as transparently as possible. Recent measures have included restricting order quantities, ensuring a first-paid-first-ship order of fulfillment, blocking IPs that we suspect to be hoarding, and publishing detailed shipping updates openly.
 

Bitmain

Bitmain claims that they have the following computing powers: 1692.05 PH/ sec on the SHA256 algorithm, 339.69 GH / s on ETHASH and only 44.19 GH / s on SCRYPT.

Bitmain also denied accusations that the company-controlled pools specifically produce empty blocks. Representatives of the organization believe that the problem of generating empty blocks exists at the protocol level.

Moreover, the company promised to publish data on the number of new miners in the first batch and delivery dates.

Previously, the analytical resource CoinDance reported that in the penultimate week of June, Bitmain-controlled pools of BTC.com and Antpool produced 25.5% and 16.5% of all blocks of bitcoin, respectively.

Layer1 to Receive $50M Investments

These investment helped the startup to reach $200M market value and and will be used to enter mining market
16 October 2019   78

Layer1, backed by the Digital Currency Group (DCG) raised $ 50 million from a number of well-known venture capitalists, including PayPal co-founder Peter Thiel.

According to The Block, thanks to the successful closure of the Series A financing round, the company's market value reached $ 200 million.

Initially, the company focused on supporting the ecosystem of confidential cryptocurrency Grin. However, now the San Francisco-based firm intends to focus on bitcoin mining and plans to compete with Chinese miners over time.

We expect our chips to be competitive for at least eight years now...you want to have your own chips in hand. We also have our own electricity substations: effectively that's as close you can get to owning your own power plan.
 

Alexander Liegl

CEO, Layer1

To implement this plan, the company acquired land in Texas for the construction of substations, entered into a partnership with a Beijing manufacturer of semiconductors and built its own infrastructure for cryptocurrency mining. Ligl added that Layer1 intends to become a vertically oriented company that controls every element in the mining business process chain.

The company also intends to enter the lending and crypto derivatives markets.