Genesis Mining implements payments by BCH

Genesis Mining added the option to pay for cloud mining contract with Bitcoin Cash
17 January 2018   1715

Genesis Mining right now is a controversial company. On one hand, you should consider the hurdles they faced with their users, but those were just a representation of cryptocurrencies volatile nature. On the other hand, the stable and reliable cloud mining providers are scarce, to be frank. So, the addition of new payment options weren't that far off either way, and now we have it – the ability to pay for the contract with BCH is now open. Is it a test, or a permanent option – it remains to be seen, but just the fact itself is very promising.

Bitcoin Cash network, it seems, is a more reliable and faster way for the big mining outsource company to receive payments from the clients, than the original Bitcoin with its high transaction fees and slow confirmation.

The only problem is that Genesis Mining right now is out of hashpower to sell to the customers. But fear not, they should be launching new hardware soon, if the rumors are to be believed, so the cryptocurrency hype wouldn't leave them behind.

Bitmain to Announce New ASIC Chip

BM1397 chip requires less energy and is able to achieve efficiency at 30J / TH
18 February 2019   381

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.