Blockcstream May Buy Mining Equipment From Innosilicon

Total capacity of the hypothetical mining center by Blockstream can reach 80 PH / s.
01 August 2018   1049

Blockstream, has imported a large number of mining devices from Innosilicon, China to the United States. Four containers containing 62 trays labeled "TI" were shipped from Hong Kong and arrived on July 26, 2018 at the port of Newark, New Jersey. This is written by

The inscription "TI", most likely, stands for "Terminator from Innosilicon" - ASIC-device for SHA-256 algorithm mining, the latest version of which is sold for 1 118$. If there are 72 mining devices on each of these pallets, it means that Blockstream has in total bought 4,650 "terminators" with a total value of 5.2 million dollars. The company has not yet reported that it plans to open a new mining center, but such a large order hints at a similar development of events. The standard hashrate of terminator is 17.2 TH / s, so the total capacity of the hypothetical mining center can reach 80 PH / s.

Blockstream was founded by Adam Beck, who is still its CEO, Gregory Maxwell, Peter Vulle and others in 2014. It is known mainly for developing practical applications for the Lightning Network.

Innosilicon is, according to the description on the company's website, a manufacturer of low-cost, high-performance and fully customized solutions. The company produces devices like tablets, mobile phones, televisions, cameras, network equipment and so on.

Buterin to Propose to Increase PoS-Validators Reward

According to Vitalik proposal, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%
23 April 2019   98

The creator of Ethereum, Vitalik Buterin, published on GitHub a proposal on changing the reward scheme for validators after the transition of ETH to the Proof-of-Stake consensus mechanism (PoS).

According to the formula proposed by Buterin, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%.

Buterin PoS Validators Reward Proposal
Buterin PoS Validators Reward Proposal

The more assets are fixed for validation, the lower the interest rate. So, 134 217 728 ETH will bring cryptoinvestors only 1.56% per annum. At the same time, the maximum annual emission volume will be 2,097,152 ETH.

Considering that the current volume of Ethereum's market offer is 105,777,585 ETH, this offer is focused on the medium and long term. Buterin also clarified that the profitability indicators are shown without taking into account proceeds from transaction fees. Consequently, the actual income of validators can be several percent higher than the values ​​indicated in the table.

According to Justin Drake, a researcher at the Ethereum Foundation, if after implementing PoS 32 million ETH will be allocated for stacking, the income of validators will be 3.2% per annum. At the same time, the annual emission indicator will be 1% (for comparison, the current indicator of Bitcoin inflation is 3.94%).

In this case, Drake notes that after the activation of EIP 1559 of the funds collected in the form of commissions, will be destroyed. Consequently, with an average gas consumption of each shard of 1000 ETH per year, inflation will drop to 0.5%.

Users left generally positive comments on the offer. However, some of them expressed fears that in the new conditions the exchange may receive significant advantages, which will be able to do stacking at the expense of clients.