Brazilian Watchdog to Ban Bitcoin Mining Investments

The Commission on Securities and Exchange of Brazil banned the trading of local HashBrazil shares
06 March 2018   717

The Commission on Securities and Exchange of Brazil (CVM) decided to stop trading in the "shares" of the investment mining project HashBrasil. According to the regulator, the services offered by the company and methods of attracting clients violate the legislation in the sphere of securities, reports CoinDesk.

The [Authority] has identified that the company and the individual mentioned above are publicly offering...an investment opportunity related to quotas in [a] bitcoin mining investment group ('HashBrasil'), using appeal to the public for the conclusion of contracts that may be included in the legal concept of security.

Brazil's Securities and Exchange Commission

In addition, CVM imposed on the organizers of HashBrasil a fine of R$ 5000 (about $ 1500) per day if they ignore the regulator's requirements. Soon after the decree was issued, the HashBrasil team announced in Facebook that the project was suspending its activities. 

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   124

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.