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bitmain, centralization, eth, ethereum, mining, problem -

As Ethereum (ETH) struggles to break free of its steep downward trend, rumors of a new Bitmain ASIC mining rig continues to hold the price down. A CHANGING LANDSCAPE FOR ETHEREUM MINING Rumors are swirling through the cryptocurrency market in regards to a new ASIC mining rig from Bitmain, built specifically for Ethereum mining. According to a CNBC report cited by TechCrunch, the rumors surfaced after analyst Christopher Rolland visited China and learned of a new Ethereum-dedicated ASIC chip in development. Wrote Rolland in a note to clients: During our travels through Asia last week, we confirmed that Bitmain has already developed an...

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bank, banking, bitmain, blockchain, central, create, private -

There are always intriguing developments taking place in the cryptocurrency world. Bitmain, the world’s leading cryptocurrency mining hardware manufacturer, wants to invest in startups. That in itself is not surprising, but the company’s end goal is a bit of a surprise. They seemingly aim to create private central banks on top of blockchain technology. It is evident the terms “central bank” and “cryptocurrency” do not mix all that well. In fact, these terms are almost mutually exclusive, especially in a positive manner. That hasn’t kept companies from trying to build their own blockchain-based bank solutions, though. For some reason, Bitmain...

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