#slush_pool

[economyfather-blog]

بطور مثال کانفیگ دستگاه شما ۱۴ ترا هست اما در اسلاش ۷ تراهش این اختلاف در طول شبانه روز جبران می شود و گاها هش دستگاه بالاتر از استاندارد قرار می‌گیرد پس نهایتا شما در انتهای ماه با محاسبه درآمد کلی خود بیشتر پی به موضوع خواهید برد. ۰🔖۰ @eco_father Follow to new news #هش_ریت #هش_دستگاه_ماینینگ #ماینینگ #ماینینگ_بیتکوین #استخراج_بیتکوین #استخر_استخراج #استخر_ماینینگ #اسلاش_پول #slush_pool #bitcoin_mining https://www.instagram.com/p/B1CWpcngnyx/?igshid=4dy5l92w8idq

[blockchain4u]

The company behind the open-source “Stratum” mining protocol currently used by almost all mining pools, @slush_pool, has announced Stratum V2. The Prague-based mining company believes this version is significantly better, writes @AaronvanW. https://t.co/e5CpNLlHMc (via Twitter http://twitter.com/BitcoinMagazine/status/1158752093852880896)

[cryptonewsupdates]

Samsung is Developing ASIC Chips for Halong Mining, Distributor Claims

Join our community of 10 000 traders on Hacked.com for just $39 per month.

Samsung is producing ASIC chips for upstart mining hardware manufacturer Halong Mining, at least according to one mining rig distributor.

On Tuesday, online mining rig retailer MyRig tweeted a picture of a wafer, a thin slice of semiconductor material used in the fabrication of integrated circuits. The company claimed that it was a 10 nm wafer produced by electronics giant Samsung.

Now Dragon Flying (Shipping), this is what powers @halongmining DragonMint T1. Yes Samsung and Yes 10nm. i'm sure someone had seen some news in the past about it from big foundry about bitcoin and cryptos. pic.twitter.com/CyPhK4XMxy

— MyRig (@MyRig_com) April 11, 2018

As CCN reported, Samsung began producing Application Specific Integrated Circuit (ASIC) chips built for Bitcoin mining last year, chips which it supplied to an unnamed company. At the time, Samsung was tight-lipped about the identity of that company, confirming only that it was based out of China.

Little is known about Halong, whose first miner — the Dragonmint T1 — was announced last year and only recently began shipping to customers. Bitcoin Core developer BTCDrak is involved with Halong Mining in some capacity, though it is unclear exactly how he is connected to the project.

At present, the DragonMint T1 is the most efficient miner on the market, surpassing even Bitmain’s Antminer S9 in performance. In March, Slush Pool confirmed that someone in its mining pool had mined a block using Halong hardware, which achieves its superior efficiency through a technological upgrade called overt AsicBoost.

Our block #514882 is the first-ever block mined using the active version-rolling aka overt AsicBoost. According to the available evidence, it was mined by @HalongMining hardware. Congrats to lucky miner from Guangdong, China 🇨🇳https://t.co/4XtmSN6yo1

— Slush Pool ⚡️ (@slush_pool) March 24, 2018

Despite these endorsements, Cobra-Bitcoin — who co-owns Bitcoin.org and BitcoinTalk — has repeatedly said that he believes Halong Mining is a scam and that the Dragonmint T1 is really just a rebranded device actually manufactured by Innosilicon. Cobra has also refused to walk back these accusations now that the company has begun shipping miners to customers.

Halong Mining is a scam. They sold re-badged Innosilicon BTC miners obtained through dubious means, and sold fake non-existent miners for other algorithms (customers *still* waiting for these to ship). They are huge scammers.

— Cøbra (@CobraBitcoin) April 6, 2018

Nevertheless, if Samsung is supplying chips to Halong, it could go a long way toward helping the upstart firm chip away at Bitmain’s dominance in the ASIC market, as Samsung has the ability to scale up its ASIC chip production quite easily to accommodate consumer demand.

Featured image from Shutterstock.

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[detikdax-blog]

Slush Pool: Jangan Upgrade Penambang Bitcoin Anda ke AsicBoost Patch Bitmain

Operator kolam penambangan Bitcoin, Slush Pool mendesak para penambang untuk tidak meningkatkan perangkat Antminer S9 mereka ke patch firmware baru yang dirilis pagi ini oleh pabrikan Bitmain, karena akan membuat perangkat tidak kompatibel dengan Slush Pool. “Penambang yang terhormat, kami sangat menyarankan Anda JANGAN MENINGKATKAN perangkat S9 Anda dengan firmware Bitmain baru. Ini tidak kompatibel dengan standar BIP310 dan sebagai hasilnya juga tidak kompatibel dengan @slush_pool, ”kata operator kolam renang. “Kami bekerja keras untuk menyediakan perbaikan sendiri secepatnya dan akan membuat Anda diposting.” Dear Miners, we strongly recommend you DON'T UPGRADE your S9 devices with the new Bitmain firmware. It is not compatible with BIP310 standard and as a result also not compatible with @slush_pool. We are working hard on providing our own fix asap and will keep you posted. — Slush Pool ⚡️ (@slush_pool) October 22, 2018 Detikdax melaporkan pagi ini bahwa Bitmain telah merilis patch firmware baru yang memungkinkan pemilik Antminer S9 untuk mengaktifkan AsicBoost secara terbuka, peningkatan teknologi yang dapat menghasilkan peningkatan 13 persen dalam efisiensi energi. Bitmain merilis firmware hanya beberapa hari setelah braiins, kelompok pengembangan perangkat lunak yang mengoperasikan Slush Pool , mempublikasikan penelitian yang menunjukkan bahwa perangkat keras Antminer S9 mampu menjalankan AsicBoost terang-terangan , meskipun aktivasi akan membutuhkan patch perangkat lunak. Perusahaan, yang baru-baru ini merilis sistem penambangan bitcoin open-source, mengatakan bahwa itu akan mengintegrasikan dukungan untuk AsicBoost terang-terangan ke dalam perangkat lunak itu, dijuluki Braiins OS.

Slush Pool saat ini menyumbang hampir 11 persen dari BTC hashrate. | Sumber: Tari Koin Menurut Slush Pool, upgrade firmware Bitmain tidak kompatibel dengan standar BIP310 , yang menguraikan mekanisme umum untuk menentukan ekstensi protokol stratum. Akibatnya, pengguna yang meningkatkan S9 mereka tidak akan dapat menambang di Slush Pool sampai perusahaan mampu mengembangkan dan menerapkan solusi. Sementara itu, penambang harus beralih ke penambangan lain yang kompatibel dengan firmware yang ditingkatkan, seperti BTC.com dan AntPool - keduanya dimiliki oleh Bitmain. Akibatnya, waktu rilis firmware Bitmain, bersama dengan kurangnya dukungan untuk BIP310, telah menimbulkan pertanyaan tentang apakah raksasa penambangan bitcoin berbasis China sedang mencari untuk mengambil tindakan hukuman terhadap Slush Pool untuk mengembangkan firmware Antminer alternatif dan mendorong pengguna untuk menonaktifkan firmware standar yang didistribusikan oleh Bitmain. Bitmain releases new Antminer firmware to enable ASICBoost 3 days after Braiins released a blogpost about S9's ASICBoost functionality: https://t.co/KkMcwWyTJG 🤔 Guess they got worried about too many miners switching to Braiins firmware which would have Slush as default pool. pic.twitter.com/238QgejKT6 — WhalePanda (@WhalePanda) October 22, 2018 Namun, ketika dihubungi untuk memberikan komentar, juru bicara Bitmain mengatakan kepada Detikdax bahwa alasan untuk mempublikasikan upgrade firmware "tidak lebih atau kurang" daripada yang diuraikan dalam pengumuman asli. "Alasannya dijelaskan dalam posting blog yang kami publikasikan dan tidak lebih atau kurang dari apa yang tertulis di dalamnya," kata juru bicara. "Tampaknya sebagian besar jaringan global dapat memanfaatkan manfaat dari pengoptimalan ini dan mengasumsikan bahwa sebagian yang baru saja terjadi tidak mampu melakukan itu adalah alasan bahwa kami telah memutuskan untuk bekerja untuk melepaskan pengoptimalan ini jauh dari logika."   Read the full article

[cryptochurp]

In the Cryptoverse, AsicBoost Controversy Picks Up Steam

There are no “Sleepy Sundays” in the land of cryptocurrency and today is no different with the latest episode seeing Twitter and both Bitcoin subreddits explode with emotion over the proposed merging of patented overt AsicBoost technology into the Core reference implementation.

Also see: How Coinbase Added Bitcoin Cash (It Wasn’t as Easy as You Think)

Subscribe to the Bitsonline YouTube channel for more great interviews featuring industry insiders & experts

Debate Reaches Fever Pitch

Caught in today’s drama is Andreas Antonopoulos, thanks to a 2017 Q&A session regarding Bitmain, Core Developer, and Halong Mining entrepreneur BtcDrak, as well as long standing community member @CobraBitcoin.

The action started with a tweet by bitcoin mining pool Slush Pool revealing that Halong Mining hardware with overt AsicBoost had successfully mined its first block using their pool.

Our block #514882 is the first-ever block mined using the active version-rolling aka overt AsicBoost. According to the available evidence, it was mined by @HalongMining hardware. Congrats to lucky miner from Guangdong, China https://t.co/4XtmSN6yo1

— Slush Pool (@slush_pool) March 24, 2018

Halong Mining is owned by Core dev @btcdrak and was launched during the intra-community political impasse over scaling and SegWit in 2017.

With the airing of the Slush Pool tweet, another controversial Twitter identity, Cøbra, unleashed a series of tweets taking aim at BtcDrak’s recent pull request which Cøbra claims will make it easier to use Halong Mining’s patented AsicBoost technology, effectively favoring one company over others.

I want to draw attention to a particular pull request by @btcdrak: https://t.co/PPqz7X9Gfr. This pull effectively degrades the functionality of Bitcoin Core's soft fork deployment system in order to make it easier for his business to use the patented version rolling ASICBOOST.

— Cøbra (@CobraBitcoin) March 24, 2018

Under no circumstances should we be degrading the reference implementation to make it easier to use patented ASICBOOST. We complained when @JihanWu blocked Segwit because it stopped his use of covert ASICBOOST, but this is worse because it *changes* Bitcoin Core to aid ASICBOOST.

— Cøbra (@CobraBitcoin) March 24, 2018

Twitter was quick to respond. Some pointed out that within the pull request, Core developer Matt Corallo noted:

“Without some kind of review in the form of several mining hardware manufacturers weighing in that they feel comfortable building in asicboost into their hardware, I don’t think we can give this kind of implied approval of it’s use”, but Cobra countered by pointing out that such a fuss was made over Jihan Wu and Bitmain’s ‘blocking of Segwit,’ but now the Core development team may be degrading the network to benefit a specific company that happens to be owned by a Core developer.”

If this gets merged, Bitcoin Core will have directly degraded the network on purpose to make it easier for a specific company to use their patented technology. Nobody in good faith can defend this, no matter what. This is a line that should not be crossed.

— Cøbra (@CobraBitcoin) March 24, 2018

In the GitHub comments section, contributor “FivePiece” also responded with:

“[N]othing stops anybody from using asicboost already. This proposal only standardizes overt asicboost using nversion rolling, which is the cleanest type of asicboost. It doesn’t require smallempty blocks and is not dangerous in requiring transaction index permutation……Let’s wait for the rest of the community to react to this proposal before putting words in their mouths.”

Other well known figures lept to the Core development team’s defense, like Vortex:

There is zero "degrade" on the network and anyone can use this patent and in doing so must reveal their own patents resulting in increased transparency in the ecosystem overall. Game theory and market competition wins out over deception and fear mongering in bitcoin.

— Vortex (@theonevortex) March 24, 2018

Everyone and Their Mother Sounds Off

The exchanges also ignited a flurry of heated activity on Reddit, especially r/btc, which dragged Andreas Antonopoulos’ name into the debate.

Antonopoulos pictured.

In an April 2017 Q&A Andreas spoke at length about Bitmain’s use of covert AsicBoost, explaining his view that covert use of AsicBoost “is unacceptable” and implored that “if you’re going to do it, do it with the overt version.”

To this end, Redditors like u/zongk were quick to jump on Antonopoulos, suggesting that the scholar would not speak out against Slush Pool’s use of a patented technology because he sided with the Bitcoin Core development team:

u/zongk wrote:

“The difference: overt works with segwit while covert does not. Core is using their control over the protocol to fuck with Bitmain.”

This sentiment is to be expected on Reddit, however a counter to that line of thought was posted in response to Cøbra’s tweet that echoed the “hypocrisy” theme, with @ProfessorPMills noting that the pending patent owned by Halong Mining is a defensive patent and part of a group in which members agree to transparency and the sharing of patented technology.

Still patent pending, but the license exists already and the technical details have been shared with license holders of the blockchain defensive patent license such as @HalongMining

Everyone who joins agrees to share patentshttps://t.co/IEJXwxkN9Thttps://t.co/qxh9W43gc9

— P.Miller (@ProfessorPmills) March 24, 2018

But of course, this is crypto and the mudslinging and calls of “hypocrisy” and “shilling” came thick and fast. Both major bitcoin subreddits seemed confused on how to approach the subject of the covert and overt AsicBoost, often allowing the conversation to delve into the quagmire of ulterior motives and which messengers can be trusted.

u/tophernator noted that:

“[M]y point wasn’t that people should trust Cobra. If anything it’s the exact opposite. The top level post seemed to imply that if Cobra was criticizing BTC or anything to do with it he must be on BCH’s side. I see similar attitudes displayed by the people defending Craig Wright. He can’t be a bad guy if he spouts pro-BCH or anti-BTC soundbites. In the real rational world people are complex. Cobra’s comments about the ASIC-boost hypocrisy have absolutely no relevance to his views on BCH.”

Over on r/bitcoin the arguments led back to AsicBoost and the insinuation that Bitmain were blocking SegWit to maintain their monopoly and would use patents to make China the dominant force in Bitcoin.

To that effect, u/metalzip wrote:

“[…] it was offensively-patented (instead of defensively), so they could use police (or most likely lawyers etc) to kill any competition (or at least in China, but that’s what counts nowdays).”

The drama surrounding BtcDrak’s pull request and the use of AsicBoost technology is unlikely to end anytime soon, especially with the still simmering tensions between the big and small block camps. Such melodrama seems poised to rear its head again and again for the near future.

What’s your take? Are you in favor of, or opposed to, overt AsicBoost? Sound off in the comments below. 

Images via Pioneering Minds, psichika

The post In the Cryptoverse, AsicBoost Controversy Picks Up Steam appeared first on Bitsonline.

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[blockchain4u]

RT @bitcoin2019conf: Jan Capek (@janbraiins) of @braiins_systems and @slush_pool discusses the lack of open-source code in the bitcoin ecosystem. “We don’t have transparency and auditability for mining hardware out there today.” https://t.co/Dna197JK8o (via Twitter http://twitter.com/BitcoinMagazine/status/1143943888073191424)

[cryptonewsupdates]

Samsung is Developing ASIC Chips for Halong Mining, Distributor Claims

Join our community of 10 000 traders on Hacked.com for just $39 per month.

Samsung is producing ASIC chips for upstart mining hardware manufacturer Halong Mining, at least according to one mining rig distributor.

On Tuesday, online mining rig retailer MyRig tweeted a picture of a wafer, a thin slice of semiconductor material used in the fabrication of integrated circuits. The company claimed that it was a 10 nm wafer produced by electronics giant Samsung.

Now Dragon Flying (Shipping), this is what powers @halongmining DragonMint T1. Yes Samsung and Yes 10nm. i'm sure someone had seen some news in the past about it from big foundry about bitcoin and cryptos. pic.twitter.com/CyPhK4XMxy

— MyRig (@MyRig_com) April 11, 2018

As CCN reported, Samsung began producing Application Specific Integrated Circuit (ASIC) chips built for Bitcoin mining last year, chips which it supplied to an unnamed company. At the time, Samsung was tight-lipped about the identity of that company, confirming only that it was based out of China.

Little is known about Halong, whose first miner — the Dragonmint T1 — was announced last year and only recently began shipping to customers. Bitcoin Core developer BTCDrak is involved with Halong Mining in some capacity, though it is unclear exactly how he is connected to the project.

At present, the DragonMint T1 is the most efficient miner on the market, surpassing even Bitmain’s Antminer S9 in performance. In March, Slush Pool confirmed that someone in its mining pool had mined a block using Halong hardware, which achieves its superior efficiency through a technological upgrade called overt AsicBoost.

Our block #514882 is the first-ever block mined using the active version-rolling aka overt AsicBoost. According to the available evidence, it was mined by @HalongMining hardware. Congrats to lucky miner from Guangdong, China 🇨🇳https://t.co/4XtmSN6yo1

— Slush Pool ⚡️ (@slush_pool) March 24, 2018

Despite these endorsements, Cobra-Bitcoin — who co-owns Bitcoin.org and BitcoinTalk — has repeatedly said that he believes Halong Mining is a scam and that the Dragonmint T1 is really just a rebranded device actually manufactured by Innosilicon. Cobra has also refused to walk back these accusations now that the company has begun shipping miners to customers.

Halong Mining is a scam. They sold re-badged Innosilicon BTC miners obtained through dubious means, and sold fake non-existent miners for other algorithms (customers *still* waiting for these to ship). They are huge scammers.

— Cøbra (@CobraBitcoin) April 6, 2018

Nevertheless, if Samsung is supplying chips to Halong, it could go a long way toward helping the upstart firm chip away at Bitmain’s dominance in the ASIC market, as Samsung has the ability to scale up its ASIC chip production quite easily to accommodate consumer demand.

Featured image from Shutterstock.

Follow us on Telegram. Advertisement

[cryptonewsupdates]

Samsung is Developing ASIC Chips for Halong Mining, Distributor Claims

Join our community of 10 000 traders on Hacked.com for just $39 per month.

Samsung is producing ASIC chips for upstart mining hardware manufacturer Halong Mining, at least according to one mining rig distributor.

On Tuesday, online mining rig retailer MyRig tweeted a picture of a wafer, a thin slice of semiconductor material used in the fabrication of integrated circuits. The company claimed that it was a 10 nm wafer produced by electronics giant Samsung.

Now Dragon Flying (Shipping), this is what powers @halongmining DragonMint T1. Yes Samsung and Yes 10nm. i'm sure someone had seen some news in the past about it from big foundry about bitcoin and cryptos. pic.twitter.com/CyPhK4XMxy

— MyRig (@MyRig_com) April 11, 2018

As CCN reported, Samsung began producing Application Specific Integrated Circuit (ASIC) chips built for Bitcoin mining last year, chips which it supplied to an unnamed company. At the time, Samsung was tight-lipped about the identity of that company, confirming only that it was based out of China.

Little is known about Halong, whose first miner — the Dragonmint T1 — was announced last year and only recently began shipping to customers. Bitcoin Core developer BTCDrak is involved with Halong Mining in some capacity, though it is unclear exactly how he is connected to the project.

At present, the DragonMint T1 is the most efficient miner on the market, surpassing even Bitmain’s Antminer S9 in performance. In March, Slush Pool confirmed that someone in its mining pool had mined a block using Halong hardware, which achieves its superior efficiency through a technological upgrade called overt AsicBoost.

Our block #514882 is the first-ever block mined using the active version-rolling aka overt AsicBoost. According to the available evidence, it was mined by @HalongMining hardware. Congrats to lucky miner from Guangdong, China 🇨🇳https://t.co/4XtmSN6yo1

— Slush Pool ⚡️ (@slush_pool) March 24, 2018

Despite these endorsements, Cobra-Bitcoin — who co-owns Bitcoin.org and BitcoinTalk — has repeatedly said that he believes Halong Mining is a scam and that the Dragonmint T1 is really just a rebranded device actually manufactured by Innosilicon. Cobra has also refused to walk back these accusations now that the company has begun shipping miners to customers.

Halong Mining is a scam. They sold re-badged Innosilicon BTC miners obtained through dubious means, and sold fake non-existent miners for other algorithms (customers *still* waiting for these to ship). They are huge scammers.

— Cøbra (@CobraBitcoin) April 6, 2018

Nevertheless, if Samsung is supplying chips to Halong, it could go a long way toward helping the upstart firm chip away at Bitmain’s dominance in the ASIC market, as Samsung has the ability to scale up its ASIC chip production quite easily to accommodate consumer demand.

Featured image from Shutterstock.

Follow us on Telegram. Advertisement

[cryptonewsupdates]

Samsung is Developing ASIC Chips for Halong Mining, Distributor Claims

Join our community of 10 000 traders on Hacked.com for just $39 per month.

Samsung is producing ASIC chips for upstart mining hardware manufacturer Halong Mining, at least according to one mining rig distributor.

On Tuesday, online mining rig retailer MyRig tweeted a picture of a wafer, a thin slice of semiconductor material used in the fabrication of integrated circuits. The company claimed that it was a 10 nm wafer produced by electronics giant Samsung.

Now Dragon Flying (Shipping), this is what powers @halongmining DragonMint T1. Yes Samsung and Yes 10nm. i'm sure someone had seen some news in the past about it from big foundry about bitcoin and cryptos. pic.twitter.com/CyPhK4XMxy

— MyRig (@MyRig_com) April 11, 2018

As CCN reported, Samsung began producing Application Specific Integrated Circuit (ASIC) chips built for Bitcoin mining last year, chips which it supplied to an unnamed company. At the time, Samsung was tight-lipped about the identity of that company, confirming only that it was based out of China.

Little is known about Halong, whose first miner — the Dragonmint T1 — was announced last year and only recently began shipping to customers. Bitcoin Core developer BTCDrak is involved with Halong Mining in some capacity, though it is unclear exactly how he is connected to the project.

At present, the DragonMint T1 is the most efficient miner on the market, surpassing even Bitmain’s Antminer S9 in performance. In March, Slush Pool confirmed that someone in its mining pool had mined a block using Halong hardware, which achieves its superior efficiency through a technological upgrade called overt AsicBoost.

Our block #514882 is the first-ever block mined using the active version-rolling aka overt AsicBoost. According to the available evidence, it was mined by @HalongMining hardware. Congrats to lucky miner from Guangdong, China 🇨🇳https://t.co/4XtmSN6yo1

— Slush Pool ⚡️ (@slush_pool) March 24, 2018

Despite these endorsements, Cobra-Bitcoin — who co-owns Bitcoin.org and BitcoinTalk — has repeatedly said that he believes Halong Mining is a scam and that the Dragonmint T1 is really just a rebranded device actually manufactured by Innosilicon. Cobra has also refused to walk back these accusations now that the company has begun shipping miners to customers.

Halong Mining is a scam. They sold re-badged Innosilicon BTC miners obtained through dubious means, and sold fake non-existent miners for other algorithms (customers *still* waiting for these to ship). They are huge scammers.

— Cøbra (@CobraBitcoin) April 6, 2018

Nevertheless, if Samsung is supplying chips to Halong, it could go a long way toward helping the upstart firm chip away at Bitmain’s dominance in the ASIC market, as Samsung has the ability to scale up its ASIC chip production quite easily to accommodate consumer demand.

Featured image from Shutterstock.

Follow us on Telegram. Advertisement

[cryptonewsupdates]

Samsung is Developing ASIC Chips for Halong Mining, Distributor Claims

Join our community of 10 000 traders on Hacked.com for just $39 per month.

Samsung is producing ASIC chips for upstart mining hardware manufacturer Halong Mining, at least according to one mining rig distributor.

On Tuesday, online mining rig retailer MyRig tweeted a picture of a wafer, a thin slice of semiconductor material used in the fabrication of integrated circuits. The company claimed that it was a 10 nm wafer produced by electronics giant Samsung.

Now Dragon Flying (Shipping), this is what powers @halongmining DragonMint T1. Yes Samsung and Yes 10nm. i'm sure someone had seen some news in the past about it from big foundry about bitcoin and cryptos. pic.twitter.com/CyPhK4XMxy

— MyRig (@MyRig_com) April 11, 2018

As CCN reported, Samsung began producing Application Specific Integrated Circuit (ASIC) chips built for Bitcoin mining last year, chips which it supplied to an unnamed company. At the time, Samsung was tight-lipped about the identity of that company, confirming only that it was based out of China.

Little is known about Halong, whose first miner — the Dragonmint T1 — was announced last year and only recently began shipping to customers. Bitcoin Core developer BTCDrak is involved with Halong Mining in some capacity, though it is unclear exactly how he is connected to the project.

At present, the DragonMint T1 is the most efficient miner on the market, surpassing even Bitmain’s Antminer S9 in performance. In March, Slush Pool confirmed that someone in its mining pool had mined a block using Halong hardware, which achieves its superior efficiency through a technological upgrade called overt AsicBoost.

Our block #514882 is the first-ever block mined using the active version-rolling aka overt AsicBoost. According to the available evidence, it was mined by @HalongMining hardware. Congrats to lucky miner from Guangdong, China 🇨🇳https://t.co/4XtmSN6yo1

— Slush Pool ⚡️ (@slush_pool) March 24, 2018

Despite these endorsements, Cobra-Bitcoin — who co-owns Bitcoin.org and BitcoinTalk — has repeatedly said that he believes Halong Mining is a scam and that the Dragonmint T1 is really just a rebranded device actually manufactured by Innosilicon. Cobra has also refused to walk back these accusations now that the company has begun shipping miners to customers.

Halong Mining is a scam. They sold re-badged Innosilicon BTC miners obtained through dubious means, and sold fake non-existent miners for other algorithms (customers *still* waiting for these to ship). They are huge scammers.

— Cøbra (@CobraBitcoin) April 6, 2018

Nevertheless, if Samsung is supplying chips to Halong, it could go a long way toward helping the upstart firm chip away at Bitmain’s dominance in the ASIC market, as Samsung has the ability to scale up its ASIC chip production quite easily to accommodate consumer demand.

Featured image from Shutterstock.

Follow us on Telegram. Advertisement

[cryptonewsupdates]

Samsung is Developing ASIC Chips for Halong Mining, Distributor Claims

Join our community of 10 000 traders on Hacked.com for just $39 per month.

Samsung is producing ASIC chips for upstart mining hardware manufacturer Halong Mining, at least according to one mining rig distributor.

On Tuesday, online mining rig retailer MyRig tweeted a picture of a wafer, a thin slice of semiconductor material used in the fabrication of integrated circuits. The company claimed that it was a 10 nm wafer produced by electronics giant Samsung.

Now Dragon Flying (Shipping), this is what powers @halongmining DragonMint T1. Yes Samsung and Yes 10nm. i'm sure someone had seen some news in the past about it from big foundry about bitcoin and cryptos. pic.twitter.com/CyPhK4XMxy

— MyRig (@MyRig_com) April 11, 2018

As CCN reported, Samsung began producing Application Specific Integrated Circuit (ASIC) chips built for Bitcoin mining last year, chips which it supplied to an unnamed company. At the time, Samsung was tight-lipped about the identity of that company, confirming only that it was based out of China.

Little is known about Halong, whose first miner — the Dragonmint T1 — was announced last year and only recently began shipping to customers. Bitcoin Core developer BTCDrak is involved with Halong Mining in some capacity, though it is unclear exactly how he is connected to the project.

At present, the DragonMint T1 is the most efficient miner on the market, surpassing even Bitmain’s Antminer S9 in performance. In March, Slush Pool confirmed that someone in its mining pool had mined a block using Halong hardware, which achieves its superior efficiency through a technological upgrade called overt AsicBoost.

Our block #514882 is the first-ever block mined using the active version-rolling aka overt AsicBoost. According to the available evidence, it was mined by @HalongMining hardware. Congrats to lucky miner from Guangdong, China 🇨🇳https://t.co/4XtmSN6yo1

— Slush Pool ⚡️ (@slush_pool) March 24, 2018

Despite these endorsements, Cobra-Bitcoin — who co-owns Bitcoin.org and BitcoinTalk — has repeatedly said that he believes Halong Mining is a scam and that the Dragonmint T1 is really just a rebranded device actually manufactured by Innosilicon. Cobra has also refused to walk back these accusations now that the company has begun shipping miners to customers.

Halong Mining is a scam. They sold re-badged Innosilicon BTC miners obtained through dubious means, and sold fake non-existent miners for other algorithms (customers *still* waiting for these to ship). They are huge scammers.

— Cøbra (@CobraBitcoin) April 6, 2018

Nevertheless, if Samsung is supplying chips to Halong, it could go a long way toward helping the upstart firm chip away at Bitmain’s dominance in the ASIC market, as Samsung has the ability to scale up its ASIC chip production quite easily to accommodate consumer demand.

Featured image from Shutterstock.

Follow us on Telegram. Advertisement

[cryptonewsupdates]

Samsung is Developing ASIC Chips for Halong Mining, Distributor Claims

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Samsung is producing ASIC chips for upstart mining hardware manufacturer Halong Mining, at least according to one mining rig distributor.

On Tuesday, online mining rig retailer MyRig tweeted a picture of a wafer, a thin slice of semiconductor material used in the fabrication of integrated circuits. The company claimed that it was a 10 nm wafer produced by electronics giant Samsung.

Now Dragon Flying (Shipping), this is what powers @halongmining DragonMint T1. Yes Samsung and Yes 10nm. i'm sure someone had seen some news in the past about it from big foundry about bitcoin and cryptos. pic.twitter.com/CyPhK4XMxy

— MyRig (@MyRig_com) April 11, 2018

As CCN reported, Samsung began producing Application Specific Integrated Circuit (ASIC) chips built for Bitcoin mining last year, chips which it supplied to an unnamed company. At the time, Samsung was tight-lipped about the identity of that company, confirming only that it was based out of China.

Little is known about Halong, whose first miner — the Dragonmint T1 — was announced last year and only recently began shipping to customers. Bitcoin Core developer BTCDrak is involved with Halong Mining in some capacity, though it is unclear exactly how he is connected to the project.

At present, the DragonMint T1 is the most efficient miner on the market, surpassing even Bitmain’s Antminer S9 in performance. In March, Slush Pool confirmed that someone in its mining pool had mined a block using Halong hardware, which achieves its superior efficiency through a technological upgrade called overt AsicBoost.

Our block #514882 is the first-ever block mined using the active version-rolling aka overt AsicBoost. According to the available evidence, it was mined by @HalongMining hardware. Congrats to lucky miner from Guangdong, China 🇨🇳https://t.co/4XtmSN6yo1

— Slush Pool ⚡️ (@slush_pool) March 24, 2018

Despite these endorsements, Cobra-Bitcoin — who co-owns Bitcoin.org and BitcoinTalk — has repeatedly said that he believes Halong Mining is a scam and that the Dragonmint T1 is really just a rebranded device actually manufactured by Innosilicon. Cobra has also refused to walk back these accusations now that the company has begun shipping miners to customers.

Halong Mining is a scam. They sold re-badged Innosilicon BTC miners obtained through dubious means, and sold fake non-existent miners for other algorithms (customers *still* waiting for these to ship). They are huge scammers.

— Cøbra (@CobraBitcoin) April 6, 2018

Nevertheless, if Samsung is supplying chips to Halong, it could go a long way toward helping the upstart firm chip away at Bitmain’s dominance in the ASIC market, as Samsung has the ability to scale up its ASIC chip production quite easily to accommodate consumer demand.

Featured image from Shutterstock.

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Samsung is Developing ASIC Chips for Halong Mining, Distributor Claims

Join our community of 10 000 traders on Hacked.com for just $39 per month.

Samsung is producing ASIC chips for upstart mining hardware manufacturer Halong Mining, at least according to one mining rig distributor.

On Tuesday, online mining rig retailer MyRig tweeted a picture of a wafer, a thin slice of semiconductor material used in the fabrication of integrated circuits. The company claimed that it was a 10 nm wafer produced by electronics giant Samsung.

Now Dragon Flying (Shipping), this is what powers @halongmining DragonMint T1. Yes Samsung and Yes 10nm. i'm sure someone had seen some news in the past about it from big foundry about bitcoin and cryptos. pic.twitter.com/CyPhK4XMxy

— MyRig (@MyRig_com) April 11, 2018

As CCN reported, Samsung began producing Application Specific Integrated Circuit (ASIC) chips built for Bitcoin mining last year, chips which it supplied to an unnamed company. At the time, Samsung was tight-lipped about the identity of that company, confirming only that it was based out of China.

Little is known about Halong, whose first miner — the Dragonmint T1 — was announced last year and only recently began shipping to customers. Bitcoin Core developer BTCDrak is involved with Halong Mining in some capacity, though it is unclear exactly how he is connected to the project.

At present, the DragonMint T1 is the most efficient miner on the market, surpassing even Bitmain’s Antminer S9 in performance. In March, Slush Pool confirmed that someone in its mining pool had mined a block using Halong hardware, which achieves its superior efficiency through a technological upgrade called overt AsicBoost.

Our block #514882 is the first-ever block mined using the active version-rolling aka overt AsicBoost. According to the available evidence, it was mined by @HalongMining hardware. Congrats to lucky miner from Guangdong, China 🇨🇳https://t.co/4XtmSN6yo1

— Slush Pool ⚡️ (@slush_pool) March 24, 2018

Despite these endorsements, Cobra-Bitcoin — who co-owns Bitcoin.org and BitcoinTalk — has repeatedly said that he believes Halong Mining is a scam and that the Dragonmint T1 is really just a rebranded device actually manufactured by Innosilicon. Cobra has also refused to walk back these accusations now that the company has begun shipping miners to customers.

Halong Mining is a scam. They sold re-badged Innosilicon BTC miners obtained through dubious means, and sold fake non-existent miners for other algorithms (customers *still* waiting for these to ship). They are huge scammers.

— Cøbra (@CobraBitcoin) April 6, 2018

Nevertheless, if Samsung is supplying chips to Halong, it could go a long way toward helping the upstart firm chip away at Bitmain’s dominance in the ASIC market, as Samsung has the ability to scale up its ASIC chip production quite easily to accommodate consumer demand.

Featured image from Shutterstock.

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Halong Dragonmint Saps Bitmain Mining Monopoly Days After Shipping

Bitmain’s share of the Bitcoin mining pie dropped almost 10% in five days last week after Halong Mining released a major competitor mining rig.

An Instant Challenge To Legacy Miners

Data from Coin Dance uploaded to social media points to a rare trend downwards for Bitmain and BTC.com, beginning the week which included the shipping date of Halong’s first Dragonmint miners March 15.

From March 14-19, Bitmain’s Antpool mining pool went from 17.3% of Bitcoin network hashrate share to 15.8% – a drop of 8.6%.

BTC.com fell from 25.6% to 23.7% – a 7.4% decline.

By contrast, Slush Pool, which supports the Overt ASICBoost technology employed by Halong, along with unknown miners gained market share.

$BTC Hashrate Distrib. from 3/14/18 to today. @HalongMining shipped dragonmints 3/15/18https://t.co/zAbJD78kFU: 25.6-> 23.7 Antpool: 17.3-> 15.8@slush_pool (Overt AsicBoost support): 11->11.4 Unknown (independent miners?): 8.1-> 9.6

Your move @BITMAINtech. Join the #BDPL. pic.twitter.com/NocRPruzt6

— ecurrencyhodler [Blockchains] (@ecurrencyhodler) March 20, 2018

‘It’s Been A Long Road’

Halong’s announcement it was preparing to ship Dragonmint and that it had joined the Blockchain Defensive Patent License (BDPL) caused widespread relief among the Bitcoin community earlier in March.

As Bitcoinist reported, the moves dealt a potentially serious blow to Bitmain’s mining monopoly, the BDPL allowing Halong access to ASICBoost giving Dragonmint a roughly 20% efficiency gain.

Combined with its significantly lower price than Bitmain’s Antminer, it was thus unsurprising that the mining landscape had already begun to change less than seven days after the first miners shipped.

“It’s been a long road, but we believe overt version-rolling can create the right incentives for other patent holders in the industry to join the BDPL and create a strong, defensive pool of patents in exchange for access to the technology for energy efficient optimization of the Bitcoin mining process,” Halong said in its release statement March 7.

As of press time March 20, Slush Pool had mined 12.5% of blocks over the past 24 hours.

What do you think about Halong altering  Bitcoin network hashrate distribution? Let us know in the comments below!

Images courtesy of Halong mining, Shutterstock, Twitter

The post Halong Dragonmint Saps Bitmain Mining Monopoly Days After Shipping appeared first on Bitcoinist.com.

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