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While lacking in performance, micro Bitcoin mining devices should be seen as a stand against the Bitcoin ecosystem’s purportedly biggest flaw, its inventors argue.Micro Bitcoin mining devices — often open-source and pocket-sized — have been serving a niche part of the market, offering buyers a fully assembled device or a do-it-yourself-kit to mine Bitcoin (BTC) solo.Speaking to Cointelegraph, developers behind these kits admit that buyers won’t likely see much profit but argue that it’s important to fight the “secrecy and exclusivity” of the Bitcoin mining industry. One company, BitMaker, recently claimed that one could be made for as little as $3, offering an output of 50 kilohashes per second. BitMaker’s $3 50Kh/s portable miners. Source: BitMakerA spokesperson from BitMaker — a company working on micro miners since as early as June 2022 — argued that all the well-known Bitcoin ASIC mining rigs are closed-source, very much unlike Bitcoin’s source code. This has limited the manufacturing and supply of Bitcoin miners to commercialized entities, they said. “The bitcoin mining machine is arguably the most important piece of hardware in the bitcoin ecosystem — and they are all made in complete secrecy.”Data shows 35.4% of the Bitcoin hash rate comes from the United States, followed by Kazakhstan (18.1%), Russia (11.2%) and Canada (9.6%). U.S.-based Marathon Digital, Riot Blockchain and Singapore's Bitdeer Technologies Group are among the largest mining firms in the world.Skot, a builder of Bitaxe miners, shared a similar sentiment, explaining to Cointelegraph that open-sourcing the design enables much-needed transparency in the industry.“The mining industry has traditionally been treated in secrecy and exclusivity. The advent of these open-source projects serves to shed light on this often opaque area, making it more transparent and accessible to the public,” Skot explained.There is a growing trend of opensource ASIC-mining going on. ( See #NerdMiner , @DCentralTech , @skot9000 ,...) making it affordable once again and more decentralized. #Bitcoin is rife with innovation on all fronts. You only need to know where to look.— Dimitri-H (@Dimi_h) September 1, 2023 A Bitaxe spokesperson said the engineers behind these projects are open-sourcing documents detailing how to make a hashboard and other mining equipment without needing to rely on large-scale manufacturers:“This allows anyone who is interested to build their own miner, or multiple miners, thereby contributing, to some extent, to the decentralization of the system.”Skot, however, acknowledged that buyers shouldn’t expect to earn much Bitcoin right away. He said while Bitaxe engineers are working to make the miners more efficient, he also argued that the purpose of the portable miners isn’t about profit: “It's not necessarily about profit, it's about learning, understanding and in some cases being part of a community.”Skot also stressed that the portable miners weren’t built to compete with the commercialized players in the space but rather offer an opportunity for people to run a rig at home without needing to pay for a clunky, overheated and expensive mining rig.ESP-Miner & ESP32 SoC based #BitAxe & #Nerdminer are pivotal developments in Bitcoin mining. These free & open source projects developed by Bitcoin plebs like @skot9000 @BitMaker_ @Public_Pool_BTC & others, are laying the foundation for next-gen #Bitcoin mining hardware ⛏️ pic.twitter.com/FDBTi0PsG1— Altair Technology® ⛏️ (@altair_tech) August 30, 2023 Other small form-factor Bitcoin miners in the market include Bitmain AntRouter and Mars Lander. Meanwhile, innovators are also experimenting with how Bitcoin can be mined via mobile phones. Source
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NEW Bitmain AntMiner AntRouter R1-LTC ASIC Litecoin Miner WiFi Router FREE Shipp $85.00End Date: Thursday May-31-2018 9:49:25 PDTBuy It Now for only: $85.00Buy It Now | Add to watch list Source link
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Virtual Currency New Antminer Antrouter R1-Ltc Litecoin Miner Wifi Router Bitmain https://rover.ebay.com/rover/1/711-53200-19255-0/1?ff3=2&toolid=10040&campid=5337817697&customid=&lgeo=1&vectorid=229466&item=183090199288
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Keep safe your bitcoins with this: Bitmain Antrouter R1 Wifi Solo Bitcoin Miner, Wireless Router #Affiliate https://t.co/oMAF4gJ1lx http://pic.twitter.com/XIq9LvTnD8
— JavaScript Facts (@mentallion) December 1, 2017
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https://t.co/kM9ccaWpZp Bitmain AntMiner AntRouter R1-BTC Bitcoin ASIC WiFi Router - Very Rare https://t.co/i22ZQRgu2v -https://t.co/nOE5zLxKEm https://t.co/7mGEe3tIg8 http://dlvr.it/R55kWL http://dlvr.it/R55kWL
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AntRouter R1-BTC Bitcoin Miner + WiFi Range Extender - Set Pool, Frequency, Volt http://dlvr.it/R15NjX /**Brought To You By- http://dld.bz/gbEM3 http://dlvr.it/R15NjX
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Bitmain Releases New Crypto Mining Internet Routers for Dash and Siacoin
Bitmain has announced the launch of two internet routers that can mine Dash and Siacoin. In a tweet shared online, the company said the new miners, known as the Antrouter R3-DASH and Antrouter R3-SIA, will function as internet routers that can mine cryptocurrencies at the same time using the devices’ idle processing power. The routers
The post Bitmain Releases New Crypto Mining Internet Routers for Dash and Siacoin appeared first on CCN
source https://www.ccn.com/bitmain-releases-new-crypto-mining-internet-routers-for-dash-and-siacoin/ READ MORE http://bit.ly/2vYoIqD
#cryptocurrency#cryptocurrency news#bitcoin#cryptocurrency market#crypto#blockchain#best cryptocurren
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Bitmain Releases New Crypto Mining Internet Routers for Dash and Siacoin
Bitmain has announced the launch of two internet routers that can mine Dash and Siacoin. In a tweet shared online, the company said the new miners, known as the Antrouter R3-DASH and Antrouter R3-SIA, will function as internet routers that can mine cryptocurrencies at the same time using the devices’ idle processing power. The routers
The post Bitmain Releases New Crypto Mining Internet Routers for Dash and Siacoin appeared first on CCN
from CryptoCracken SMFeed https://ift.tt/2AWbMat via IFTTT
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NEW Bitmain AntRouter R3-LTC - Mines LTC/Other Scrypt Coins! 11.5M/s Dual-Function WiFi Router and Crypto Miner
NEW Bitmain AntRouter R3-LTC – Mines LTC/Other Scrypt Coins! 11.5M/s Dual-Function WiFi Router and Crypto Miner
A portable and ergonomic design Surf the internet or mine from anywhere anytime! The table-top form factor and ergonomic design of the R3-LTC make it easy to carry and set up wireless internet access wherever internet is available. Litecoin miner and lottery A WiFi router that mines a small yet steady stream of Litecoin The R3-Litecoin’s power consumption is comparable to that of an average WiFi…
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Bitmain Releases New Crypto Mining Internet Routers for Dash and Siacoin
Bitmain has announced the launch of two internet routers that can mine Dash and Siacoin. In a tweet shared online, the company said the new miners, known as the Antrouter R3-DASH and Antrouter R3-SIA, will function as internet routers that can mine cryptocurrencies at the same time using the devices’ idle processing power. The routers
The post Bitmain Releases New Crypto Mining Internet Routers for Dash and Siacoin appeared first on CCN
from Cryptocracken WP https://ift.tt/2AWbMat via IFTTT
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Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies
Have you ever thought about mining cryptos while surfing the web without being a victim of some malware, of course? If so, Bitmain has an offer you might be interested in. The Chinese mining giant has just announced it’s offering a couple of Wi-Fi routers capable of minting digital coins while connecting you to the internet.
Also read: Opera Browser Opens Its Built-in Cryptocurrency Wallet to Desktop Users
Mining Dash and Siacoin While Surfing the Web
Days after we learned that Canaan, the world’s second largest manufacturer of mining equipment, plans to sell a TV set that doubles as a cryptocurrency mining rig, Bitmain, the leading mining hardware producer, has put forward its offer in the new market for home mining appliances. We also have a crypto-heater already available, remember?
Crypto enthusiasts and amateur miners may accept the product with a smile, realizing it’s not about the profits but the cool idea. Bitmain announced on social media this week it’s releasing two Wi-Fi routers capable of mining cryptocurrencies. The devices, Antrouter R3-DASH and Antrouter R3-SIA, are designed to mint dash (DASH) and siacoin (SC).
The dual-function routers are models from Bitmain’s R3 series of products. They can be bought with cryptocurrency – bitcoin core (BTC), bitcoin cash (BCH) and litecoin (LTC). The first batch comes at a special price – $58 USD.
The Routers Can Mine Other X11 and Blake2b Coins
The company promises to ship the ordered machines within 10 working days after full payment. Once connected to the internet, the routers will immediately start mining crypto in Bitmain’s Antpool. Every buyer will also have a personal Bitmain account set up at the time of purchase in order to check their mining status.
According to its product page, Antrouter R3-DASH has been designed and tested to mine only dash. Bitmain notes, however, that it’s possible to use it to mine other X11 coins, but the performance and the efficiency of the device are not guaranteed in such cases. R3-DASH maintains a hashrate of 300M/s ± 5% and consumes 24.37W of electricity.
The other offer, the R3-SIA router is designed and tested to mine siacoin but is also capable of minting other blake2b coins, again under the same disclaimer regarding the performance and the efficiency guaranteed by the manufacturer. It comes with a hashrate of 11.54G/s ± 5% and 22.6W of energy consumption. Both devices weigh 0.6kg.
Bitmain is the world’s largest mining company and producer of mining equipment including the ASIC chips used in bitcoin mining. The Chinese behemoth is valued at $14 billion and has reported a profit of $1.1 billion USD in the first quarter of this year.
Would you try mining with one of Bitmain’s routers and do you think it’s worth it? Share your thoughts about the idea in the comments section below.
Images courtesy of Shutterstock, Bitmain.
Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin.
The post Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies appeared first on Bitcoin News.
Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies published first on https://medium.com/@smartoptions
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#antroutes https://www.instagram.com/p/CBbpmXhAc8O/?igshid=19htbttspfs3v
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WiFi router mine coin Bitmain AntRouter R1-LTC configuration teardown https://t.co/WN1CvSyTVL
WiFi router mine coin Bitmain AntRouter R1-LTC configuration teardown https://t.co/WN1CvSyTVL
— Classic Cloud (@classic_cloud) December 14, 2019
from Twitter https://twitter.com/classic_cloud December 14, 2019 at 01:12PM http://twitter.com/classic_cloud/status/1205928496524144641
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https://t.co/kM9ccaWpZp Bitmain AntRouter R1-BTC Bitcoin Miner. Extremely Rare https://t.co/QoWTbej3Dr -https://t.co/nOE5zLxKEm https://t.co/zDlLdZizqI http://dlvr.it/R2rZYw http://dlvr.it/R2rZYw
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Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies
Have you ever thought about mining cryptos while surfing the web without being a victim of some malware, of course? If so, Bitmain has an offer you might be interested in. The Chinese mining giant has just announced it’s offering a couple of Wi-Fi routers capable of minting digital coins while connecting you to the internet.
Also read: Opera Browser Opens Its Built-in Cryptocurrency Wallet to Desktop Users
Mining Dash and Siacoin While Surfing the Web
Days after we learned that Canaan, the world’s second largest manufacturer of mining equipment, plans to sell a TV set that doubles as a cryptocurrency mining rig, Bitmain, the leading mining hardware producer, has put forward its offer in the new market for home mining appliances. We also have a crypto-heater already available, remember?
Crypto enthusiasts and amateur miners may accept the product with a smile, realizing it’s not about the profits but the cool idea. Bitmain announced on social media this week it’s releasing two Wi-Fi routers capable of mining cryptocurrencies. The devices, Antrouter R3-DASH and Antrouter R3-SIA, are designed to mint dash (DASH) and siacoin (SC).
The dual-function routers are models from Bitmain’s R3 series of products. They can be bought with cryptocurrency – bitcoin core (BTC), bitcoin cash (BCH) and litecoin (LTC). The first batch comes at a special price – $58 USD.
The Routers Can Mine Other X11 and Blake2b Coins
The company promises to ship the ordered machines within 10 working days after full payment. Once connected to the internet, the routers will immediately start mining crypto in Bitmain’s Antpool. Every buyer will also have a personal Bitmain account set up at the time of purchase in order to check their mining status.
According to its product page, Antrouter R3-DASH has been designed and tested to mine only dash. Bitmain notes, however, that it’s possible to use it to mine other X11 coins, but the performance and the efficiency of the device are not guaranteed in such cases. R3-DASH maintains a hashrate of 300M/s ± 5% and consumes 24.37W of electricity.
The other offer, the R3-SIA router is designed and tested to mine siacoin but is also capable of minting other blake2b coins, again under the same disclaimer regarding the performance and the efficiency guaranteed by the manufacturer. It comes with a hashrate of 11.54G/s ± 5% and 22.6W of energy consumption. Both devices weigh 0.6kg.
Bitmain is the world’s largest mining company and producer of mining equipment including the ASIC chips used in bitcoin mining. The Chinese behemoth is valued at $14 billion and has reported a profit of $1.1 billion USD in the first quarter of this year.
Would you try mining with one of Bitmain’s routers and do you think it’s worth it? Share your thoughts about the idea in the comments section below.
Images courtesy of Shutterstock, Bitmain.
Bitcoin News is growing fast. To reach our global audience, send us a news tip or submit a press release. Let’s work together to help inform the citizens of Earth (and beyond) about this new, important and amazing information network that is Bitcoin.
The post Bitmain Offers Wi-Fi Routers Mining Cryptocurrencies appeared first on Bitcoin News.
READ MORE http://bit.ly/2OmAtyF
#cryptocurrency#cryptocurrency news#bitcoin#cryptocurrency market#crypto#blockchain#best cryptocurren
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FREE Shipping! Litecoin Bitmain AntMiner AntRouter R3-LTC ASIC miner Wifi Router
$79.99 End Date: Tuesday May-28-2019 16:29:24 PDT Buy It Now for only: $79.99 Buy It Now | Add to watch list http://dlvr.it/R3mJHZ
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