THELOGICALINDIAN - As Ethereum ETH struggles to breach chargeless of its abrupt bottomward trend rumors of a new Bitmain ASIC mining rig continues to authority the amount down
Rumors are bouncing through the cryptocurrency bazaar in commendations to a new ASIC mining rig from Bitmain, congenital accurately for Ethereum mining.
According to a CNBC address cited by TechCrunch, the rumors alike afterwards analyst Christopher Rolland visited China and abstruse of a new Ethereum-dedicated ASIC dent in development. Wrote Rolland in a agenda to clients:
Some in the cryptocurrency amplitude acquisition this account alarming, accurately because it centralizes Ethereum mining — which has historically been bedeviled by GPUs. ASICs, on the added hand, accession the barrier to access and may advance out abate miners. Notes Mikhail Avady, architect of TryMining.com:
Avady added:
However, one charge not accession the anxiety aloof yet.
As acclaimed by TechCrunch, Rolland’s address additionally claims:
Avady additionally claims the approaching apparently isn’t as centralized as naysayers believe, explaining:
Additionally, apropos over Ethereum’s abbreviating amount as an ICO advance agent are additionally acceptable to abatement soon. According to Sky Guo, CEO of Cypherium:
At columnist time, ETH is trading at $460.88 per token, which is bottomward from hitting highs of over $1.4K in mid-January.
What do you anticipate of Ethereum’s aciculate and diffuse correction? Do you anticipate Bitmain’s new Ethereum-optimized ASIC miners are account for affair in the mining community? Let us apperceive in the comments below!
Images address of AdobeStock, Bitcoinist archives.
