Steam refuses to accept payments in bitcoin

They have persistent problems with the passage of crypto-transactions and the changing price
07 December 2017   840

The popular gamer online platform Steam reported the problems with crypto transactions and the unstable price of crypto currency, including bitcoin, as well as that it refuses crypto payments.

In range of cases, customers send moneys only to come up short due to the U.S. dollar conversion. If company would asked to send the  transaction to cover the difference, this user would have hit with another fee. That's why the bitcoin payment option has become "untenable" for Steam. But the company promising to continue working to resolve any pending issues for customers.

For example, transaction fees that are charged to the customer by the bitcoin network have skyrocketed this year, topping out at close to $20 a transaction last week (compared to roughly $0.20 when we initially enabled bitcoin). Unfortunately, Valve has no control over the amount of the fee. These fees result in unreasonably high costs for purchasing games when paying with bitcoin. The high transaction fees cause even greater problems when the value of bitcoin itself drops dramatically.


From the Steam’s statement

Also in the future Steam promised that it could move to accept the cryptocurrency again. It is noteworthy that after this announcement, BTG offered Steam to accept Bitcoin Gold instead of BTC as payment and promised that the commission for the transaction would be less than 0.01.

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.