Cryptonight ASIC Miner from Bitmain As Well – the Antminer X3

15 Mar
2018

If you thought that recently announced Baikal Giant-N Cryptonight ASIC miner is powerful and is going to kill the Cryptonight GPU mining you might want to reconsider. Bitmain has just announced their response in the form of the Antminer X3 Cryptonight ASIC miner and it is much more powerful than what Baikal Miner is offering. The Bitmain Antminer X3 promises 220 KH/s hashrate for Cryptonight at 550 Watts of power usage, so 11 times more powerful than the Giant-N at roughly 2 times higher price and shipping the second part of May. By the time these devices start shipping Monero (XMR) will most likely not be mineable anymore with Cryptonight ASIC miners along with some other coins that have announced plans to fork in order to remain ASIC resistant, so all the extra hashpower will need to go somewhere else.

At a price of $11999 USD per device and limited to just 1 unit per order Bitmain is accepting only BCH and USD payments for the miners. The second batch of Antminer X3 is planned to start shipping a month later, so in the second part of June with a significantly lower price of $7599 USD, though who knows how many Cryptonight coins might fork to ASIC resistant implementation by then. Just to be on the safe side be careful with the Cryptonight ASICs from Baikal and form Bitmain in order not to end up with a piece of useless hardware that can hardly mine anything profitable, even with its very high performance.

– For more information about the upcoming Bitmain Antminer X3 Cryptonight ASIC miner….

Google To Ban Cryptocurrencies and Related Content Ads in June

14 Mar
2018

Google is taking an aggressive stance regarding advertisements of cryptocurrencies and other related content, a move apparently as a direct result of concerns regarding ICOs and the scams surrounding some of them. The company has announced that it is going to ban crypto-related ads on their platform, so crypto advertisers will have to find other ways to promote their content starting June when Google will not be an option anymore. The updated financial services policy for ads on Google’s platforms is not going to affect only crypto currencies, but other financial products as well, for different business, for example a Google Cloud direct connect service could take your business to the next level. Give your your business the website it deserves, like for instance Showcase IDX website plugin is packed with essential features to help your business stand out.
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Back in January Facebook announced it will ban advertisements promoting cryptocurrencies and initial coin offerings due to concerns of misleading and deceptive ads being shown on their plaforms that could lead users to scams. Facebook’s ban also covered other financial products and services and not only crypto currencies and although it has been in effect for a while one could still see some crypto-related ads on Facebook.

The good news is that there are already some platforms available and others are popping up that are targeting the crypto currency advertisement space. Unfortunately these platforms also do have the same issue that Google and Facebook are facing – concerns that some of the advertisers might try to mislead and scam users.

– To read more about Google’s new restricted financial products policy regarding ads effective from June…

Baikal Giant-N, The First Cryptonight ASIC Miner

13 Mar
2018

Baikal Miner has started selling their new Baikal Giant-N ASIC miner and it is the first Cryptonight and Cryptonight-light ASIC miner on the market, essentially taking away another algorithm from GPU miners. The Cryptonight algorithm was mostly in the domain of AMD GPUs as they were performing faster than Nvidia price/performance wise, but now that is about to end apparently. With 20 KH/s hashrate for Cryptonight and 40 KH/s for Cryptonight-lite at just 60 Watts of power usage any GPU feels out of date already, even AMD’s VEGA GPUs with just about 2 KH/s are not interesting for mining these algorithms anymore. So Monero (XMR) is going to become the next major ASIC only coin with the many Cryptonight-based alternatives following when the Giant-N miners start hitting the market, unless of course they fork to another algorithm.

The price of the new Baikal Giant-N ASIC miner is not listed on the website, but if you request a quote you will get a $3600 USD price with a minimum order quantity of 6 devices and the devices are apparently shipping already. It already seems that Monero (XMR) could be the first one to fork to a new version of the algorithm that will net be mineable by this new ASIC device and if others coins follow you may actually end up with an expensive piece of hardware that might not be very usable, so be careful if you are considering to buy one or more of these ASIC miners.

– Visit the official Baikal Miner Giant-N Cryptonight ASIC miner product page for more details…

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