Tag: ASIC

ASIC warns of Bitcoin ETF risks as ASX listing sees cautious optimism

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Australia’s securities regulator has issued a cautionary statement to investors ahead of the launch of Bitcoin ETFs on the Australian Stock Exchange (ASX). A spokesperson from the Australian Securities and Investments Commission (ASIC) has warned of the risks involved with cryptocurrencies as the Australian Stock Exchange gave the green light to the country’s first spot Bitcoin exchange-traded fund (ETF), according to a local report. “ASIC has repeatedly warned investors that crypto is risky, inherently volatile and complex.” ASIC spokesperson. According to the official, investors should only risk funds they are…

Nicehash Partners With Marathon to Launch Custom Firmware for ASIC Bitcoin Miners

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The bitcoin hashing power marketplace, Nicehash, has launched custom software for ASIC miners optimized for its mining platform. The firmware is designed to help miners drive greater efficiency from ASIC devices and increase revenue. Nicehash CEO said the collaboration with Marathon will strengthen its market position and enable miners globally to attain unparalleled efficiency and […] Original

Bitcoin Miner Bitdeer Expands With Acquisition of ASIC Designer Desiweminer

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Bitdeer Technologies Group announced its acquisition of Desiweminer, a noted player in the crypto ASIC design landscape. The agreement, finalized on June 3, 2024, involves the exchange of 20 million Bitdeer shares and introduces stringent transfer restrictions, with a vesting period extending up to seven years. Bitdeer and Desiweminer Join Forces in Multimillion-Share Acquisition Deal […] Original

Bitcoin Miner Bitdeer (BTDR) Acquires ASIC Chip Designer Desiweminer For $140M in All-Stock Deal

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Bitcoin Advocate Says ASIC Devices’ Inflexibility Makes AI Involvement Unlikely for Bitcoin Miners

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According to Joe Downie, the chief marketing officer at Nicehash, bitcoin miners struggling to stay afloat after the halving are unlikely to support or become involved with artificial intelligence (AI). This is because their application-specific integrated circuit (ASIC) miners now “only allow for mining on one algorithm.” Furthermore, Downie argued that bitcoin mining devices are […] Original

Amid Shifts in Bitcoin Mining Economics, Steep Discounts Emerge for Older ASIC Rigs

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According to current metrics, older bitcoin mining rigs are not generating the same revenue as they did before the halving, particularly with the hashprice at approximately $0.056 per terahash per second (TH/s) per day. On April 25, Luxor Technologies reported a significant decline in the prices of application-specific integrated circuit (ASIC) bitcoin mining rigs, highlighting […] Original