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Bitmain has released new models of ASIC miners S17e and T17e for mining Bitcoin

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Bitmain, the largest producer of mining equipment, has released two new ASIC models for Bitcoin mining . Should I buy a new product?

The new models are called S17e and T17e. According to the company, both models underwent major improvements that increased the efficiency, stability and durability of the devices.

Take a look at key features

The hash rate of the S17e is 64 TH / s and the energy efficiency is 45 J / TH. For the T17e, these numbers are 53 TH / s and 55 J / TH, respectively. Both models also have a dual-temperature temperature dispersion system. In theory, this will take a long time not only to increase the efficiency of devices by lowering the temperature, but also to extend its service life.

Improvements are not spared and software. The company claims that the firmware has acquired new standards for cybersecurity, which increases resistance to hacker attacks.

About delivery times

  • The first batch of ASIC is already available for sale. However, the dispatch will have to wait until the first half of November.
  • The second batch will be sold tomorrow at 14:00 Moscow time. Its dispatch is expected from November 11 to 20.
  • The third batch will be sold on Wednesday, at the same time. The dispatch begins at the end of November.

Thus, despite all the problems the company has, Bitmain continues to release interesting products on the market and maintain leadership. Given that most countries are now actively legalizing mining, the demand for ASIC miners will grow in the coming years, so if you thought about your small farm, you can start now.

It is known that in the next six months Bitmain will increase its capacity by 50% thanks to a giant order for the equipment.

The company also announced compensation for delivery delays. As part of this new initiative, customers whose deliveries are delayed will receive compensation from Bitmain for coupons for each day of delay.

Publication date 09/10/2019
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Wells Fargo Banking Holding creates stablecoin pegged to US dollar

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U.S. financial giant Wells Fargo is working on a cryptocurrency pegged to the dollar. The company announced this in its press release .

According to the company, the future stablecoin will be used as part of its own blockchain platform. Its main focus will be cross-border payments between the company and its partners around the world. Moreover, other companies outside the US will be able to use cryptocurrency to complete transactions between themselves.

The decision to issue cryptocurrency in the company is explained by the need to reduce the cost of payments between different countries, as well as the acceleration of this process. The current mechanisms cannot be called bad, but they are already outdated: high commissions, terms of several days per transaction – all this cryptocurrency can leave in the past.

Wells Fargo assures that their stablecoin will provide almost instant payments, and the process of their implementation will become much simpler. Next year, the company will begin a pilot project during which the cryptocurrency will be tested in test mode. Initially, only dollars will be available for transfers, but in the future it is planned to add support for many other currencies.

Wells Fargo is not the first bank that intends to launch its cryptocurrency, but it is not only one of the largest banks in the world and in the USA, but also one of the most expensive companies in the world. The arrival of such a player will show other companies that without their own digital currencies and blockchain ecosystems, they will have nothing to do in this market.

Publication date 09/19/2019
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North Korea plans to launch its own cryptocurrency

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North Korea is creating a cryptocurrency with which the country will be able to avoid international sanctions.

It is assumed that the cryptocurrency development project is at an early stage. Its goal is the same as that of the Venezuelan project – last year the topic of developing the state’s national digital currency, Petro, was actively discussed. A cryptocurrency that does not yet have a name will be similar to the technology used by BTC or altoins. Currently, the team that is working on the project is studying products that could be tied to cryptocurrency. It is known that the payment instrument will not be exactly supported by the national currency of North Korea.

Experts believe that North Korea has enough opportunities and developments to present a good cryptocurrency. So, we can assume that the state will be able to improve its position in this way.

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The head of the SEC said when Bitcoin will appear on large traditional exchanges

Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC. “If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure […]

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Chairman of the US Securities and Exchange Commission (SEC) Jay Clayton said that bitcoin needs more regulation for listing on large exchanges. It is reported by CNBC .

“If investors believe that Bitcoin pricing is as strict as on the Nasdaq or the New York Stock Exchange, then they are very mistaken. We must get to the point where we are sure that trade is regulated correctly , ”he stressed.

We are talking about listing conditions for bitcoin itself, and not derivatives, such as CME futures.

Recall, Clayton said earlier that some progress on Bitcoin ETFs has been achieved. VanEck and SolidX have withdrawn their application.

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