New Powerful Ethereum Miner To Hit Stores Next Year

Linzhi, a Shenzhen-based new crypto mining equipment manufacturer is ready to produce its first batch of powerful mining machines for Ethereum and Ethereum Classic.

The company is the brainchild of Chen Min, a former chip design head at Canaan Creative, the maker of the Avalon bitcoin miner, and, according to its founder is completely self-funded with around $3.8 million capital.

Chen wants to create one of the most efficient ethash ASIC miner with a target specification at 14000 mega hashes per second (MH/s) with an electricity consumption level of one Kilowatt-hour.

To put this into the proper perspective NVIDIA’s GTX TitanV 8 card is one of the most profitable equipment with 656MH/s and a power consumption level of 2.1 kWh.

The price of the new Linzhi miner is not yet released but it is interesting how the Ethereum community will react to this hardware since the community seems to be moving away from the Proof-of-work algorithm into Proof-of-stake.

Headlines for the world of Cryptocurrencies - September 10, 2019

• $50 Million Bitcoin Cash Tech Park Rising At Townville
• First Crypto Arbitrage Hedge Fund Approved By UK’s FCA
• Coinbase Invest $2M USDC In DeFi
• Amazon Shows Off Quantum Database
• Ethereum 2.0 Progress Surprises Devs

Headlines for the world of Cryptocurrencies - September 09, 2019

• LG Soon To Release Its Own Blockchain Phone
• JP Morgan To Lead History’s Largest IPO
• Bitcoin Still Best Bet For Internet Currency
• China Accumulating Gold Is Bitcoin Next?
• Bakkt Requiring Downpayment For Bitcoin Futures Contracts

Headlines for the world of Cryptocurrencies - September 08, 2019

• Mastercard Joins Marco Polo Network
• Malta Government Bring Crypto To Licensed Casinos
• Local Bitcoin Exchange In Norway Gets Support From Major Bank
• Christine Lagarde Believes Regulators Should Be Open To Crypto
• China’s Crypto Steaming Ahead Of Its Competitors