Turkey called Bitcoin ‘not suitable’ for muslims

Bitcoin and Ethereum are not allowed to welcome in Turkey
30 November 2017   991

Turkish government decided that cryptocurrencies Including Bitcoin and Ethereum are not possible for muslims because the government can not to control them. This subject was called on a meeting of the state Directorate of Religious Affairs (Diyanet) on November, 24.

Buying and selling virtual currencies is not compatible with religion at this time because of the fact that their valuation is open to speculation. They can be easily used in illegal activities like money laundering, and they are not under the state’s audit and surveillance.


From the statement of Diyanet

Previously Turkey was a target of Bitcoin startups after the country banned PayPal. Also BTCTurk failed to find a banking partner after local institutions terminated its accounts without warning.

Morocco banned cryptocurrency too. But not all muslim countries consider with this statement. For example, United Arab Emirates are using cryptocurrencies transactions with India, Iran welcomes bitcoin. Others, including Nigeria, have not ban cryptocurrencies but are wary to them.

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.