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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 10

56.4 TH/s of Avalon Bitcoin Mining ASICs Reportedly Held Up in Customs

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 …

Aug 9, 2013 Posted by Phillip Archer In Mining, News Tagged Avalon, network speed, PCB, TH Comments 7

10,000 Bitcoin Mining ASIC Chips Arrive in Switzerland – 3 TH/s

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 …

Jul 24, 2013 Posted by Phillip Archer In Featured, Mining, News Tagged ASIC, Avalon, Bitcoin Mining Dashboard, Burnin, ESD, Germany, MH, PCB, Switzerland Comments 22

Bitcoin ASIC Mining – 300 MH/s for 1.99 BTC

Considering a bitcoin mining hardware purchase? Make a more informed decision with our Bitcoin Mining Dashboard. Friedcat, CEO of ASIC Miner, continues to be the most reliable producer of bitcoin mining hardware in the world. He teased about creating a USB-powered miner earlier this year, and has just announced experimental versions of the hardware. Pricing is 1.99 BTC per 300 MH/s, with a minimum order size of 300 devices. At current mining difficulty, this device would return approximately 0.01 BTC per day. Given that most of these will probably not reach retail computers for another month, the return will likely be …

May 4, 2013 Posted by Phillip Archer In Mining, News Tagged ASIC Miner, BTC, LED, PCB, TH, USB Comments 12