Today BitSyncom, the bitcoin company known for producing Avalon miners, announced details about their second generation chip, as well as plans for a contest to create an open source PCB (printed circuit board) design for their chips. The new chips will use a 55nm technology and run 4x as fast as their first generation 110nm chips. The winner of their open source contest will receive 5,000 chips, totaling 7.5 TH/s overclocked. Avalon will be selling both fully-assembled units as well as bulk chips, similar to their strategy for first generation products. While exact pricing has not been determined for the …

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After a month of silence from Avalon on the status of over 800,000 ASIC chips that had been pre-ordered, there were indications that chips may be arriving soon when two group buys announced they received tracking numbers late last week. Application specific integrated circuits (ASIC) are specialized chips that perform bitcoin mining calculations. Starting in mid-April, Avalon sold bulk orders of ASIC chips in batches of 10,000, with each chip hashing at an estimated 400 MH/s overclocked. Today Bitmine.ch posted pictures showing the arrival 10,000 Avalon ASIC chips, indicating that thier Batch #1 pre-orders should be expecting delivery soon. Bitmine.ch …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. It appears the Avalon ASIC drought may turn into a hashing power tidal wave as reports surface that the first 20,000 out of a remaining 800,000 ASIC chips are on their way to customers. Application specific integrated circuits (ASIC) are specialized chips that perform bitcoin mining calculations. Starting in mid-April, Avalon sold bulk orders of ASIC chips in batches of 10,000, with each chip hashing at an estimated 400 MH/s overclocked. Although Avalon initially estimated a 10-week lead time after orders were placed, hundreds of …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Today, Cointerra announced the TerraMiner IV: a 2 TH/s ASIC bitcoin miner retailing for $15,750, with a forecast shipping date in December. Cointerra is lead by Ravi Iyengar, who previously worked as lead CPU architect for Samsung, according to Cointerra’s website. The 2 TH/s miner will be powered by 4x28nm ASIC chips running at 500 GH/s each. Application specific integrated circuits (ASIC) are specialized chips that perform bitcoin mining calculations. ASIC nodes are measured in nanometers (nm) and smaller nodes allow for faster and more …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. In early 2013 bitcoin mining saw the start of the application specific integrated circuit (ASIC) revolution. ASICs are customized components that perform the calculations necessary for bitcoin mining significantly faster than any hardware that came before it. To anyone following the exponential growth that has occurred over the last six months it is clear that this story is nowhere near finished. The Current ASIC Environment There are two factors driving ASIC adoption: ASIC chip design, which is limited by technical expertise, and production capacity, which …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Today, after several weeks of silence on the status of the 10,000 chip bulk orders, Yifu Guo posted on Avalon’s web site a story of extortion in china. Several weeks ago a team member’s personal information was identified and family members were intimidated. Reportedly, the malicious party was threatening Avalon team member’s safety if their demands for payment were not met. The radio-silence during was attributed to their evaluating potential solutions and implementing new security procedures. Also included in this report is an update on …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Samsung Lead CPU Architect To Head Cointerra Cointerra recently announced their entrance into ASIC bitcoin mining with 28nm chips. Application specific integrated circuits (ASIC) are customized components that perform the calculations necessary for bitcoin mining. The team is lead by Ravi Iyengar, previously the Lead CPU Architect at Samsung where he helped design chips for compact mobile devices such as the Galaxy S4. Iyengar has also previously worked at industry giants Qualcomm and NVIDIA. He is joined by Chief Architect Dr. David Tannenbaum, a principal engineer at NVIDIA, and VP …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with TGB’s Bitcoin Mining Dashboard. As Avalon ASIC chips enter the market, ASICMiner’s hold over the USB bitcoin miner market is about to be threatened. In April, Avalon announced they would sell bulk orders of ASIC bitcoin mining chips. These chips run at 282 MH/s each, or 300-450 MH/s overclocked. Each chip must be set in a PCB board in order to be used, which inspired several open source projects to design mining boards. As we reported yesterday, the first of these ASICs started arriving, and offer competitive pricing …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Following last week’s report of Avalon ASICs arriving in China, the first European batch of 10,000 Avalon ASICs arrived in Switzerland today. These ASIC chips are customized components used in bitcoin mining, and require being set in PCB boards before they can be used. Each Avalon ASIC chip runs at 282 MH/s standard clock and an estimated 300 MH/s overclock. The chips will now be shipped to customers to be set in PCB boards themselves, or to companies such as Burnin who sets them in …

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Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Burnin started an open source project to develop printed circuit boards (PCBs) for use with Avalon ASIC chips. The project was originally announced on April 18th and plans to publicly open orders on their web site today, under the product name BitBurner. The store was briefly opened at 9pm GMT yesterday, however was taken down almost immediately due to shopping cart difficulties. Those trying to access it while Burnin resolves the issue will notice the web site is inaccessible. ASIC (application-specific integrated circuit) chips are the …

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