Blackminer F1 Mini is an Upcoming Single Chip FPGA Miner
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Apr 2019
Blackminer F1 Mini is a new single-chip FPGA miner from Hashaltcoin that supports the same large number of crypto algorithms as their larger multi-chip Blackmienr F1 and Blackminer F1+ FPGA devices. The new Blackminer F1 Mini FPGA miner is a great entry level device that comes with a price of $179 USD and is available for pre-order with delivery time set for May 5, 2019. The the first batch of the F1 mini is only 300 units and it comes with no power supply or heatsink in order to reduce the shipping cost, these you need to provide yourself. You need an ATX power supply (6-pin PCI-E), DC 12V 6A or 12V 8A power supply (50W typical power usage) as well as a pretty standard cooler for Intel LGA115X CPU that should be compatible with the design. We have not tested any hardware from Hashaltcoin yet, though the F1 mini does sound like a nice and affordable FPGA miner to try and experiment with before going for any of their larger products…
On Tuesday, Minister of State for Finance Arjun Ram Meghwal that use of virtual currencies “could subject the users to unintentional breaches of anti-money laundering and combating the financing of terrorism laws.”
On the creation of virtual currencies, the bank spokesman added that “No regulatory approval, registration or authorization is stated to have been obtained by the entities concerned for carrying on such activities.”
While not explicitly stating that virtual currencies such as bitcoin were therefore not legally sanctioned, reports suggested that such a message was implied.
The local bitcoin industry was quick to dispute such conclusions. Indian exchange Zebpay published a dedicated response to the episode in which it stated its belief that bitcoin in India “is not illegal.”
A reads:
Nothing has changed regarding bitcoin’s legal status in India this week. In our opinion, bitcoin is not illegal. bitcoin is legal under all existing laws. It’s business as usual at all Indian bitcoin exchanges, including Zebpay.
Nonetheless, a word of caution accompanied the rebuttal.
“As per media reports, inter-ministerial committee has been setup to study the legality of bitcoins. They will give a response on 20th April 2017,” an update announced.
Bad Actors Give A Bad Name
Recent illicit use of bitcoin by scam actors was widely reported in the media, with Zebpay commenting at the time that such parties posed a persistent problem to uneducated consumers.
A forgiving perspective was also given to the minister, the exchange taking the stance that regulators were trying to “protect” the public.
“A respectable MP raised the issue that bitcoin is a Ponzi scheme. Certain sections of the media reported this as if bitcoin has been declared illegal,” it summarized.
Additionally, bitcoin is considered a commodity and falls in the Neutral/Alegal bracket, to information portal Coin.dance.
India’s bitcoin ecosystem had seen a surge in usage following the country’s sudden currency reforms introduced in November last year.
Zebpay and fellow exchanges witnessed record trading, part of a of bitcoin interest, which even saw the market become the second largest on Purse.io’s Amazon discount platform behind the US.
Blockchain innovation is also active locally, with crypto investor Tim Draper in February his return to the Indian market, injecting venture capital through the newly acquired Blume Ventures.
What do you think about India’s current stance on virtual currencies? Let us know in the comments below!
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