United States firm, Marathon Patent Group, announced that it installed 700 units of Bitcoin (BTC) mining application-specific integrated circuit, or ASIC, units.
According to a June 3 announcement, Marathon Patent Group installed 700 Whatsminer M30S+ ASICs produced by MicroBT. The company is also reportedly waiting for a delivery of 1,160 AntminerS19 Pro units produced by leading mining ASIC producer, BitMain.
In late March, Bitmain announced that it sold the first batch of Antminer S19s and S19 Pros within 24 hours after starting to accept orders. On June 1, the firm also announced the launch of its newest Antminer T19 features a SHA256 hash rate of 84 TH/second.
A company rich in hashrate
The Antminer S19 Pro boasts a hash rate of 110 TH/s and an energy efficiency of 29.5±% 5 J/TH. That means Marathon Patent Group is waiting to add 127.600 PH/s to the hashrate under its control. Summed with the 70,000 TH/s coming from its 700 Whatsminer M30S+ ASICS (100 TH/s each), this will result in the company having a total hashrate of 197.600 PH/s.
The announcement comes shortly after Ripple SBI Asia CEO Adam Traidman predicted that the mining industry will continue to see hashrate migrate from east to west. He also stated that he is already witnessing the transition begin.
style=”display:block; text-align:center;” data-ad-layout=”in-article” data-ad-format=”fluid” data-ad-client=”ca-pub-4791668236379065″ data-ad-slot=”8840547438″>,
If reproduced, please indicate the source: https://www.uucj.net/us-firm-announces-installation-of-700-mining-asics-with-more-on-the-way/
Recommendation
-
Bitcoin SV Crashes 35% as Hype Fades: Can Bulls Save BSV’s Price?
Yesterday, on seeming news that Craig S. Wright, a purported Bitcoin creator, had access to an entire stash of the cryptocurrency, the Satoshi Vision variant of Bitcoin (BSV) rallied by over 145%. It surged from well under $200 to as high as $440 in 24 hours’ time. This move allowed BSV to surpass the Cash fork in the cryptocurrency rankings, taking the fourth spot behind XRP, Ethereum, and Bitcoin (BTC). The idea with this surge was that if Wright had access to a large sum of BTC, he could dump this sum of billions on the open market, presumably to benefit his fork of choice, BSV. But since the $440 peak, the altcoin has crashed, plunging by dozens of percent. Here’s why. Bitcoin SV Crashes By 25% From Peak As pointed out by prominent Bitcoin proponent Hodlonaut, who was last year targeted by Wright for his tweets regarding BSV, “the geniuses that bought the top of this […] BSV pump are already down 23%.” Indeed, as of the time of writing this, BSV is changing hands for $310, 30% lower…
-
As GDPs Fall, Gold Price Makes a New Yearly High. Will Bitcoin Follow? |
Gold prices made a new yearly high yesterday. While the difference from the February highs is mere $4, $1751 compared to $1747, it is following a wide and deep trough caused by the massive COVID-19 dump. Since the ominous address made by the U.S. Fed Chairman, Jerome Powell, on Wednesday, gold has risen by 3.45%. Moreover, silver also recorded massive gains with a 8.51% increase since the address. GOLD/USD Daily Chart (TradingView) IMF Projects a World-wide Decline in GDP The investors seem to be flocking to gold as the GPD projection for most countries are falling. The IMF projects a massive decline in global outputs, down below the levels of the 2008-09 recession. Emerging countries are likely to take negative 6% hit, while the average decline in global output is estimated to be around 3%. IMF Projection of Annual Percentage Change in GDP (Source) The strained US-China relationship is also adding the buying stimulus for gold. Nevertheless, if the expansion in the monetary were to continue, Central Banks around the world might get motivated to sell their gold reserves with money…
-
‘The Sky is the Limit’ for Bitcoin
After predicting a possible Bitcoin price drop to the $3,000s, Silk Road founder and federal inmate Ross Ulbricht sees long-term bullish possibilities for the cryptocurrency price staying well above $20,000. Posting to his personal Medium account on April 24 from the United States Penitentiary Tucson, Ulbricht expanded upon his comments earlier this month in which he saw a Bitcoin (BTC) bear run to $3,200 as a distinct possibility. While admitting his prediction was a likely scenario for the second wave, the Silk Road founder wants the crypto community to know he is “still bullish long-term.” Source: Medium “If wave II takes prices down to $1,000 and wave III is as big as wave I, then wave III will drive prices to $333 million. Assuming 21 million bitcoins, that’s a market cap of $7 quadrillion. That’s more than ten times the current GDP of all humanity. So the point is — long term — the sky is the limit.” Seeing both short-term and long-term bullish possibilities for the cryptocurrency, Ulbricht attributes any possible bearish behavior between the next two waves as…
-
BTC Bulls Take A Well Deserved Break Ahead Of Bitcoin Halving |
Bitcoin saw a 1.4% price decline over the past 24 hours as the cryptocurrency fails at $9,150 and heads lower. Bitcoin is struggling to close above $8,960, but once it does this it should be free to rise well above $9,000. Bitcoin saw a 1.4% price decline over the past 24 hours of trading as the cryptocurrency made an attempt to push higher but was stalled at the $9,160 area. The coin dropped from $9,160 to fall back beneath $9,000 and reach the current level that it is trading at around $8,860. Bitcoin is now just 9 days away from the block halving event which will see the mining reward being stripped in half. The block reward will fall from 12.5 BTC per block to just 6.25 BTC per block putting pressure on miners to make profits. This will also cause a reduction in supply entering the exchanges from miners as they half as much to sell on the open market. Nevertheless, the price of BTC usually explodes in the run-up to the block halving and even after the event…
-
G+D Mobile Security, Ubirch and 1NCE combine blockchain and IoT security for SIM cards » CryptoNinjas
Blockchain-anchoring security specialist Ubirch, G+D Mobile Security, a provider of security technologies and tier-1 IoT Carrier 1NCE, announced today that they will release an IoT security service that can easily be used with the IoT SIM cards of 1NCE, combining the security standards of cellular and blockchain tech. From March 2020, 1NCE IoT SIM cards can be configurated with Ubirch’s security technology. The Ubirch solution seals sensor data directly at its source – on the SIM chip itself – and not after it has been stored in a blockchain in the cloud. Data packets that have been sealed this way can be verified whenever they are being processed later in any cloud or IT-systems, allowing for fully automated, data-driven architectures across supply-chains such as e.g. insurance, healthcare, logistics, and smart grids. This new offering is based on the enterprise-grade customer-proven SIGNiT solution from G+D Mobile Security. It combines proven SIM environments and secure operating systems with blockchain technology from Ubirch. SIGNiT is already used by enterprise customers such as Lufthansa Industry Solutions for transport damage detection. “Transforming IoT into profitable…
-
Dow Tumbles After U.S. Coronavirus Escalation Unnerves Stock Market
Coronavirus fears infected the U.S. stock market after CDC confirmed the first case of human-to-human coronavirus transmission in the domestic United States. Dow bulls were forced to reprice because the WHO appears to be on the brink of declaring an international crisis. U.S. GDP was steady, but weakness lurks beneath the headline figure. The Dow Jones tumbled on Thursday as the coronavirus epidemic continued to escalate, with one scary development hitting especially close to home for the U.S. stock market. Commodity markets swayed under the weight of Chinese growth fears, and domestic data didn’t do much to steady the boat at home. Dow Jones Wobbles While CDC Confirms Coronavirus Transmission in Chicago Worldwide financial markets endured strong risk-off moves after the number of Chinese coronavirus cases surged past 8,000. Providing an additional punch to the downside, the U.S. CDC acknowledged the first case of human-to-human transmission in the United States. The news pounded U.S. stocks, which spent a volatile session bouncing between losses and… steeper losses. The Dow Jones Industrial Average was the “strongest” among Wall Street’s three primary indices,…
-
Why I Am Cynically Bullish About the Bitcoin Halving
For the past few months, the blockchain community has been abuzz about the Bitcoin (BTC) halving happening in May. With the backdrop of the ongoing coronavirus pandemic, Bitcoin has been performing extremely well, especially in comparison with commodities such as oil or gold that have traditionally been depended upon as a safe hedge against market volatility. Part of the conversation driving the price of Bitcoin upward is “the halving.” With two weeks left until the halving, what exactly is it, and why should investors pay attention to its existence? If what they say is true — with some predicting that Bitcoin will hit $30,000 by year-end due to the halving — is this the time for investors to enter the market? Before we analyze the halving and what it means for the market, Two Prime’s investment thesis here is that “the halving will drive the coming rally”: 50% upward, 30% sideways and 20% downward. This view is heretical. Bitcoin’s halving refers to the halving of the payouts to Bitcoin miners when they mine a block. In finance, we talk about…
-
New Twitch Policy is Bad News for Partially Nude Streamers
Twitch updates its policy on nudity and attire to make rules easier for streamers to follow. Streamers and users have criticised the site for its inconsistency and have said that the rules are too difficult to understand. However, Twitch has left room for its policy to be abused. In a post on the Twitch blog, the streaming site has revealed major changes to its Nudity and Attire policy. Twitch says that it has heard the criticisms that its policy hasn’t been “clear enough about what is and is not allowed on stream” and that it wants to be “more transparent and consistent about our expectations”. Twitch May Ban Streamers for Being Partially Nude The new Twitch rules aren’t a blanket policy about nudity like the old rules. Twitch doesn’t allow streamers to be fully or partially nude, streamers can’t show their genitals or buttocks, and streamers who present as women can’t show their nipples. The new rules also ban streamers for showing their “underbust”. The rules also completely describe the areas of the body that streamers can show during streamers…
-
Buterin, CZ Want to Have Censorship-Resistant Platform for Community
A few days ago we reported about the YouTube crypto ban. It has turned out that the biggest video sharing platform moved, deleted or banned some videos related to crypto. Hell, it deleted the whole groups connected to it, as well as the users’ profiles. However, the force is strong in the crypto community and it has been proven once again. Just a day after it was reported YouTube removed what it said was “harmful or dangerous content”, the crypto community went wild. And, as we already predicted it will happen: all videos have been restored. CZ Binance and Vitalik Buterin Coming to Rescue Of course, to expect any kind of explanation from the parent company Google would be too much, so none was given nevertheless. In fact, YouTube responded to some media with a lousy “it was taken down by accident” apology. Nobody believes that anymore, especially when it happens perfectly on time for Christmas. One of the first mega-influencers who responded was CZ, the Binance’s CEO. It may be time the #crypto community take a stab at its…
-
Warren Buffett’s 1929 Reminder Isn’t Just Gloomy – It’s an Unsettling Warning
Warren Buffett is not interested in entering the U.S. stock market anytime soon. In 1929, it took 22 years for stocks to recover to record highs, and Buffett may be seeing a similar trend. Buffett started his investing career in late 1950s, after the market drought ended. Warren Buffett sold his stake in major U.S. airlines and expressed his unwillingness to spend $137 billion in cash anytime soon. The Oracle of Omaha does not seem to trust the ongoing stock market recovery and sees little value in the market for acquisitions. Buffett publicly selling shares in top companies and admitting an investment mistake is a rare sight. He is widely considered to be the greatest investor in recent history, as he outperformed the stock market for 47 years. But, there were dark times in the U.S. stock market during past recessions. In 1929, as an example, it took 22 years for stocks to recover beyond record highs. It is possible that Buffett sees a similar gloomy trend unfolding in the next several years. buffett” width=”900″ height=”468″ layout=”intrinsic”> buffett” width=”900″ height=”468″…
