Home ⁄ Tag Archives: GH

Avalon Announces Gen2 Specs And 7.5 TH/s Prize for Open Source Board Design

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 …

Oct 2, 2013 Posted by Jeff Schvey In Mining, News Tagged Avalon, GH, Open Source Contest, PCB, protocol, Reference Documentation, TGB Comments 8

eASIC Announces 24 TH/s Fast-Hash Miner, ActiveMining Shares Move 70%

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. The full-blown bitcoin mining arms race continues, as the eASIC/ActiveMining partnership announced more details on their ASIC bitcoin miner line that tops out at 24 TH/s. ActiveMining is a publicly traded bitcoin mining company who has partnered with eASIC to develop a 28nm application specific integrated circuit (ASIC) chip. ActiveMining is the parent company of Virtual Mining Corp (VMC), which is the business entity selling mining products to consumers. To design and manufacture the chips they teamed up with eASIC, a semiconductor company that’s …

Sep 6, 2013 Posted by Phillip Archer In Mining, News, Trading Tagged ASIC, Bitcoin Mining Dashboard, GH, KNC, TH, Virtual Mining Corp, VMC Comments 14

Bitfury Begins Shipping 400 GH/s Bitcoin Miners to US and EU Customers

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Bitfury’s resellers have begun shipping their 400 GH/s “Full Kits” to customers. After initial accounts of prototypes successfully mining on August 2nd, full production units are now ready. Over the last year Bitfury, a Russian ASIC bitcoin mining manufacturer, has been quietly developing a 55nm ASIC chip that runs around 3 GH/s. Bitfury sold bulk quantities of chips to US and EU distributors who partnered with “100 TH/s”, a publicly traded mining company, to develop fully functional units. The ASIC chips must be set …

Sep 2, 2013 Posted by Phillip Archer In Mining, News Tagged ASIC, Bitcoin Mining Dashboard, bitfury, EU, GH, Raspberry Pi, US Comments 14

Bitmine Receives First ASICs After Avalon Resumes Shipping

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 …

Aug 26, 2013 Posted by Jonathan Stacke In Businesses, Mining Tagged ASIC, Avalon, China, GH, Today Bitmine Comments 5

Burnin Opens Board Sales for Avalon ASICs – Up to 9 GH/s Each

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 …

Jul 23, 2013 Posted by Phillip Archer In Mining, News Tagged ASIC, Avalon, Burnin, GH, GMT, network speed Comments 0

AMC Announces 4.8 TH/s Bitcoin Miners for 3,000 BTC

Yesterday AMC announced they will be joining the ranks of ASICMiner, Avalon, Butterfly Labs, and KnC as an ASIC chip manufacturer. Two days ago Active Mining Corporation posted they had a large announcement, and would be preceding it by selling 2,000,000 shares for 0.0025 bitcoins each (totalling 5,000 BTC). As many advocates had predicted, the announcement was the preliminary results of their ASIC chip development. The self-proclamied “World’s Fastest Bitcoin Minnig Chip” will use 28nm technology estimated to run at 16 to 20 GH/s per chip. This is an estimated 70x increase over Avalon’s 280 MH/s chips that should start shipping …

Jun 28, 2013 Posted by Phillip Archer In Mining, News Tagged AMC, ASIC, Avalon, Fast Hash, GH, Series Name Comments 7

TerraHash Starts Bitcoin ASIC Preorders Today – 180 GH/s Units Available

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. TerraHash is a bitcoin mining company that sells boards and kits for Avalon ASIC chips. They launched their website in April after Avalon announced they would be selling 282 MH/s ASIC chips in lots of 10,000 . Bitcoin ASIC chips are the customized components in bitcoin mining that perform the mining calculations. TerraHash offer a wide range of products, with various customization options. There offer two types of products, individual boards that run at 4.5 GH/s or 18 GH/s, as well as complete kits that …

Jun 18, 2013 Posted by Phillip Archer In Mining, News Tagged ASIC, Avalon, chain, GH, terrahash, USB Comments 2

KnCMiner Pre-sells over 160 TH/s of ASIC Bitcoin Miners

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. KnCMiner broke into bitcoin mining by selling FPGA equipment last year. On May 11th they announced two ASIC bitcoin miners: the Jupiter and Saturn miners. KnCMiner announced today that they pre-sold 890 orders of these devices. Both are reported to be built on 28nm processes, several generations ahead of both Avalon and ASICMiner. The smaller process allows for significantly more efficient power efficiency, as well as mining density – allowing users more hashing power in a smaller chip. The specs of their two miners: Jupiter: 350 …

Jun 11, 2013 Posted by Phillip Archer In Mining, News Tagged ASIC, FPGA, GH, payment Comments 8

Reader Requested: Mining Solo vs. Joining A Bitcoin Mining Pool

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. “I placed an order for an [ASIC mining unit] and have been researching how to set it up so I’m ready when it gets here. I noticed a lot of people join bitcoin mining pools instead of simply mining on their own. If the number of hashes of my unit relative to the network define my payout probability, why pay the administrative cost of a pool?” – Jeremy H. We regularly receive variations of the above inquiry about bitcoin mining pools and decided a detailed …

Jun 10, 2013 Posted by Jonathan Stacke In Bitcoin 201, General, Mining Tagged attack, Bitcoin, block, BTC, GH Comments 2

Butterfly Labs Donates $120,000 to Bitcoin Meta-charity – Bitcoin Development Fund

Butterfly Labs has donated 1,000 BTC – currently valued at more than $120,000 – to the newly established Bitcoin Development Fund. This is a meta-charity that supports a wide variety of bitcoin related charities and open-source projects: The Bitcoin development fund was created to support projects that benefit the greater bitcoin community. Special emphasis is placed on supporting open source code development as well as charitable organizations. This donation is from a wager in October, 2012 that they would meet their power target of 1 GH/s per 1.1 Watts of power in their ASIC bitcoin miners. Butterfly Labs completed shipping their …

Jun 6, 2013 Posted by Phillip Archer In Businesses, News Tagged ASIC, BDF, Bitcoin Development Fund, Butterfly Labs, GH, legal, software Comments 2