Samsung to Develop ASIC Chips for Halong Mining

There was no official confirmation from the South Korean company, however, one of the Halong Mining distributors made such a statement
12 April 2018   2392

As it became known, ASIC-chips for bitcoin-miners of Halong Mining company are made by the technological giant Samsung. There was no official confirmation from the South Korean company, however, one of the Halong Mining distributors made such a statement, CCN reported.

Online retailer MyRig posted on Twitter an image in which a company representative holds a plate of semiconductor material that is used to produce integrated circuits.

MyRig Tweet
MyRig Tweet

It has became known that Samsung starts ASIC chips production in January, but it wasn't reported for who. The only mention was an unnamed Chinese company for the production of equipment for mining, and it was China that was supposed to become the first market for the company to enter before a broader international presence.

Despite the fact that Halon Mining itself is still very little known, the DragonMint T1 produced by it is allegedly the most effective miner in the market to date, superior even to Antminer S9 from Bitmain.

Moreover, in March, Slush Pool confirmed that one of the pool members extracted the block with the help of the Halong Mining Miner, whose effectiveness is achieved through a technological upgrade called overt AsicBoost.

Slush Pool Tweet
Slush Pool Tweet

Halong Mining has its own well-known critic - co-founder Bitcoin.org and Bitcointalk Cobra. According to his repeated statements, Halong Mining are scammers, DragonMint T1 is a fiction, and Innosilicon is actually manufacturing devices.

Cobra Tweet
Cobra Tweet

The first time Halong Mining equipment was presented in November last year. Then it became known that one of Bitcoin Core BtcDrak developer is connected with the project.

Argo Blockchain to Report on x10 Revenue Increase

For the 2019, the company received Bitcoin mining revenue of £ 8.5 million, in 2018 it was £ 760,000
20 January 2020   118

Bitcoin mining company Argo Blockchain said this Monday that its revenue from its core business in 2019 increased 10 times. According to a press release on the website of the London Stock Exchange (LSE), where Argo shares are traded, for the first full year in business, the company received revenue of £ 8.5 million compared to £ 760,000 in 2018.

Argo listing on the main LSE market took place in August 2018. The data presented were not audited - the reports after the audit will be available in April.

The company clarifies that in the fourth quarter of 2019, it mined 432 bitcoins, which is six bitcoins higher than in the third quarter. However, in the last quarter, the company's revenue fell to £ 2.66 million, while in the third quarter it was £ 3.63 million.

Our mining operations continued to generate industry-best mining margin in the last quarter despite a softening in market conditions from the previous quarter. Our state-of-the-art mining platform is performing as expected and with the expansion of our mining network on pace, along with the recent rise with the price of Bitcoin, Argo is well-placed for a strong year ahead.

 

Peter Wall

Argo Blockchain CEO

 The company is increasing mining capacity in anticipation of halving and currently has 13,364 devices, including 6,375 Bitmain Antminer T17s, which were installed on January 1. By the end of the quarter, Argo intends to add another 3,625 of the same miners. It is estimated that with a full set of 17,000 devices, its computing capacity will exceed 650 petaheches.