Bitcoin (BTC) ASIC manufacturer, MicroBT recently revealed its next-generation mining hardware at a virtual launch event on April 17. MicroBT’s forthcoming M30 series of Bitcoin miners, the MS30S++ and the MS30S+, boasts a hash rate of 100 terahashes per second (TH/s).
China controls Bitcoin through ASIC manufacturing and Mining Pools. Why doesn't anyone care? If anyone really did, then we'd have a legitimate competitor to BTC.
Wait a second we do :) VeriCoin and Verium Reserve are two coins from the same project. VeriCoin is Proof of Stake and Verium Reserve is an ASIC and GPU resistant POW coin. Both coins will have their blockchains interwoven to bring the strengths of each consensus mechanism without the downsides of either in what they are dubbing the Binary Chain. VeriCoin and Verium Reserve will gain adoption because the binary chain means they're profitable for the average user to mine or stake. The genius of combining two different crypto assets (Proof of Work for Verium Reserve and Proof of Stake for Vericoin) on the same blockchain means you get the best of both worlds: an ultra fast, low fee currency that earns passive income (VRC) but it is as secure as other POW coins because of the aux POW mining from VRM which is POW, but ASIC and GPU resistant, as well as offering pooled mining straight from the wallet so no need to rely on centralized mining pools as is the case with Bitcoin. With Bitcoin participation in the consensus mechanism requires an asic miner which is expensive, not easy to operate, centralized by the few companies that manufacture Asic miners, and even further centralized by the few mining pools. Conversely, with VeriCoin all you need is an open wallet to participate in the consensus and earn coins, and with Verium Reserve any CPU can mine. VeriCoin and Verium Reserve was designed to have an ultra low barrier to entry for participation in the network and passive income. This project is definitely worth a look if you're looking for low cap, moonshot gems. VeriCoin Market Cap 9/12/2019: $1,704,000 Verium Reserve Market Cap 9/12/2019: $288,000 When the bull market commences, I'll see you all on the moon!
Bitmain- the ASIC manufacturer now controls 42% of the bitcoin total hashrate
So, if we count the antpool and BTC.com, this is a Chinese ASIC manufacturer controlling 42% of the hashrate. As the Chinese are known for their moral practices, would it be too much to think some of the ASICS they sold have killswitches or alternatively can be taken over? We have forked Monero once to counter this thing, do you think we should do it again soon?
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"Samsung will compete against Bitmain's ASIC chip supplier. It will use its foundry in its semi-conductor plant to manufacture bitcoin and cryptocurrency mining equipment. Important to note, Samsung has one of the largest semi-conductor plants."
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Next-Generation Bitcoin Mining Hardware Arrives Just In Time For BTC
Two major ASIC miner manufacturing competitors have begin selling more powerful bitcoin miners, Ebang Communications and Innosilicon. The newest Bitmain Antminer S15 clocks in at 28 terahashes ... Today we discuss ASIC mining in cryptocurrency, the top ASIC manufacturers such as Bitmain, Innosilicon, Canaan, Halong Mining, Ebang, Pangolin Whatsminer, Spondoolies, Dayun Zig Z1, ASIC Miner Co ... talking about ASIC manufacturers and the dirty tricks they use to make inordinate profits. https://news.bitcoin.com/siacoin-developer-asics-are-money-printin... CryptoKube Bitcoin Mining Solution. 360 Bitmain S9 in 40 foot mobile data center - Duration: 2:20. KubeData Systems Inc. - Mobile and modular data centers 8,901 views Bitcoin ( BTC ) ASIC manufacturer MicroBT has revealed its new mining hardware, boasting a hash rate of 100 terahashes per second (TH/s). This product unveiling demonstrates that competition is ...