June 6, 2018

ASIC Miners DESTROY GPU Mining? NEW Monero XMR FPGA ASIC & Electroneum ETN Miner

Will ASIC/FPGA Miners destroy Cryptocurrency / GPU Mining? 2018 has been a wild year for crypto mining and GPU miners are now faced with a new enemy the Baikalminer Giant N Cryptonight “ASIC” miner . .
Baikalminer Giant N Official Sale Site – https://goo.gl/9VedoF

The Baikalminer Giant N can mine Cryptonight and Cryptonight Lite . . one could also speculate that Bitmain may have a Cryptonight ASIC miner up their sleeve however from I have heard I would say that I doubt that.

I recently covered GPU Mining Profitability – https://goo.gl/tnb6bz
FluffyPony Riccardo Spagni Asic Resistant – https://goo.gl/KyMvcg
Monero Asic Resistant POW Change? – https://goo.gl/hAJ15u

Reddit – https://goo.gl/5Uywvt Discord – https://goo.gl/Zxirh9

Graphics Cards IN STOCK on Amazon – http://geni.us/nti5asr
Mining Rig Parts IN STOCK on Amazon – http://geni.us/WQd7cCs

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Build your own GPU Mining Rig – https://youtu.be/U5xdgmJRgjM
Interested in building your own 7 GPU Mining Rig? Full Parts List
Mobo – Gigabyte GA-Z270P-D3
http://amzn.to/2C4qGva (Shown)
CPU G4400
http://amzn.to/2C2dGpD (Shown)
PSU
http://amzn.to/2HnZS8D – EVGA 1200w Platinum (Shown)
http://amzn.to/2C4O37F – PCIE Splitters needed + SATA power risers
http://amzn.to/2Cqmdyn – Same as above and this PSU is gold
RAM
http://amzn.to/2CpmUYX Red / Shown
http://amzn.to/2F8whPy Grey
http://amzn.to/2FcwkKo White
PCIE 6 pin to 2x 6+2 pin splitter (At least 6 needed)
http://amzn.to/2C2M1Fa – Shown DeepInTheMines orange splitters
http://amzn.to/2Hp9a3W – Yellow splitters (6 pin to 2x 6+2 pin)
http://amzn.to/2Fb592E – Yellow splitters (8 pin to 2x 6+2 pin)
Frame – Mining Cave Rig Frame Shown
Coupon Code VoskCoin save 3% https://goo.gl/Qk1th5
http://amzn.to/2CtVAsE – 8 GPU Rig Frame Alternate
http://amzn.to/2CqFsId Mintcell Spartan 8 GPU Rig Frame
http://amzn.to/2EP0OUX Mintcell Spartan w/ 8 Risers
PCIE Risers (if needed x8)
http://amzn.to/2Cqtcrn UBIT 12 pack – good to have extras
http://amzn.to/2F7hmVP – Mintcell 6 pack
HDD (USB Stick Drive)
http://amzn.to/2Cq82cI – Shown Lexar 32gb
http://amzn.to/2EvbGb4 – Shown alternate seller
http://amzn.to/2C2M5Vq – 16gb lexar 3.0 usb
http://amzn.to/2Cr9xYj – 16gb teal lexar small usb
M.2 PCIE adapter by Explomos (1x)
Explomos M.2 Shown – http://amzn.to/2EGEk8F
Alternative Mintcell M2 PCIE adapter – http://amzn.to/2Buhxe9
Other Alt. M 2 PCIE adapter – http://amzn.to/2sxyDop
GPU’s – Choose 7
1080 TI
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1080
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1070 TI
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1070
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1060 6gb
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1060 3gb
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1050 TI
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RX VEGA
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http://amzn.to/2D5cP58 – 56
RX580
http://amzn.to/2D27ueZ
RX570
http://amzn.to/2F9ZoS7
RX560
http://amzn.to/2CDnenX

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September 8, 2017

Japanese Company Jumping into Bitcoin Mining Could Start Digital Arms Race

A Japanese company, GMO Internet Group, is looking to jump into bitcoin mining with new chips that could start a digital arms race.

One thing you can say about the subject of bitcoin mining is that it’s never dull. New players and technologies continue to rise up to keep everything interesting. The newest player to venture into bitcoin mining is GMO Internet Group, which is based in Tokyo, Japan. The company has long been associated with hosting web services and registering domain names, but it now plans on jumping into bitcoin mining with a sizeable monetary investment.

Joining the Modern Gold Rush of bitcoin Mining

GMO Internet Group has worked with cryptocurrency through its regular internet-based business activities by accepting digital currencies as payment as well as starting an exchange and trading service. Now it seeks to join the modern gold rush of bitcoin mining by creating a new entity called GMO Coin, Inc. The Japanese company believes that cryptocurrencies will become “new universal currencies” that will be available for use by anyone in the world and eventually create a “new, borderless economic zone.”

GMO Internet Group is following the template of other major players in bitcoin mining, such as Bitmain from China. GMO will operate their own mines, rent mines to others, create and sell mining rigs, and develop their own chips to facilitate bitcoin mining in a cheaper and more efficient manner. It is the development of new chips by GMO that is of major interest. The chips they are developing will use 7 nanometer modes that will be four times more energy efficient than the 16 nm nodes that are the current standard.

The Start of an Arms Race?

There is speculation that the proposed 7 nm node chips from GMO could start an arms race. Diego Guiterrez of RSK Labs says,

The other [mining chip makers] will surely follow and create their own 7 nm chips if they are not already doing it. As [chip fabricators] get the new technology, everybody can access it.

Guiterrez also points out that current bitcoin mining operators could find their rigs obsolete once the new chips hit the market. Of course. proposing new and innovative chips is a far cry from actually releasing said chips. Yet GMO Internet Group is putting their money where their mouth is. They are planning on spending more than 10% of their consolidated noncurrent assets, which was at $32,379,001, on this endeavor.

The new chips would be a major shakeup for bitcoin mining and mark another chapter in the back-and-forth over which entities (and countries) will come out on top. Right now, China has a major hold with Bitmain as its mining pools, BTC.com and Antpool, account for over 25% of all the processing power on the global bitcoin network. Russia is challenging China as Putin aims to raise $100 million through an ICO, and Russian power companies are looking to give bitcoin miners a massive boost by selling off excess energy to them at greatly reduced rates. Now it appears that the Land of the Rising Sun has entered the fray.

What do you think about GMO Internet Group entering bitcoin mining? Will their proposed chips start a digital arms race? Let us know your thoughts in the comments below.

Images courtesy of Wikimedia Commons, Flickr, and GMO Internet Group.

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