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Bitmain Announces Next-Generation ASIC Chip, New Mining Machine will be Available Soon

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Next-Generation ASIC Chip
Image by BItmain (PRNewsfoto/Bitmain)

BEIJINGSept. 21, 2018 /PRNewswire/ — Jihan Wu, CEO and co-founder of Bitmain Technologies Ltd., announced Bitmain’s next-generation ASIC chip BM1391 for mining cryptocurrencies using the SHA256 algorithm at the World Digital Mining Summit in Georgia today. Mr. Wu also revealed that Bitmain will soon launch a new generation of mining machines equipped with the BM1391 chip.

The new ASIC SHA256 algorithm acceleration chip carefully built by Bitmain uses one of the world’s most advanced semiconductor manufacturing technologies, 7nm Finfet. The ASIC chip integrates more than a billion transistors and is optimised for maximum efficiency. Thanks to its unique circuit structure and low power technology, it is stable and more efficient. Mr. Wu said tests have shown that the chip can achieve a ratio of energy consumption to the mining capacity that is as low as 42J/T.

At his keynote speech at the summit, Mr. Wu said mass production of the 7nm chip will begin and be applied to the next generation of Bitmain’s Antminer machines, improving the new miners in various performance indicators, in terms of power and power consumption, and enabling outstanding performance.

Mr. Wu also pointed out that blockchain technology has continued developing to the present day, noting that the technology’s first decade has seen many difficulties and that the future direction of development will center around applications of the blockchain. He said that as applications continue to develop, the industry’s market capitalisation as a whole will drive growth. Exponential growth in blockchain user traffic will at the same time require ever greater capacity in data processing, with hardware acceleration and parallel computing technologies being integrated with blockchain to help solve this problem.

BEIJING, Sept. 21, 2018 /PRNewswire/ -- Jihan Wu, CEO and co-founder of Bitmain Technologies Ltd., announced Bitmain's next-generation ASIC chip BM1391 for mining cryptocurrencies using the SHA256 algorithm at the World Digital Mining Summit in Georgia today. Mr. Wu also revealed that Bitmain will soon launch a new generation of mining machines equipped with the BM1391 chip. The new ASIC SHA256 algorithm acceleration chip carefully built by Bitmain uses one of the world's most advanced semiconductor manufacturing technologies, 7nm Finfet. The ASIC chip integrates more than a billion transistors and is optimized for maximum efficiency. Thanks to its unique circuit structure and low power technology, it is stable and more efficient. Mr. Wu said tests have shown that the chip can achieve a ratio of energy consumption to the mining capacity that is as low as 42J/T. At his keynote speech at the summit, Mr. Wu said mass production of the 7nm chip will begin and be applied to the next generation of Bitmain's Antminer machines, improving the new miners in various performance indicators, in terms of power and power consumption, and enabling outstanding performance. Mr. Wu also pointed out that blockchain technology has continued developing to the present day, noting that the technology's first decade has seen many difficulties, and that the future direction of development will center around applications of the blockchain. He said that as applications continue to develop, the industry's market capitalization as a whole will drive growth. Exponential growth in blockchain user traffic will at the same time require ever greater capacity in data processing, with hardware acceleration and parallel computing technologies being integrated with blockchain to help solve this problem. Bitmain has been committed to the development and launch of high-performance computing chips. Since its establishment, Bitmain has independently developed and mass produced a variety of chips. In 2016, Bitmain took the lead in releasing and mass-producing 16nm chips, applying them to its Antminer S9 miner and other models. The Antminer S9 quickly occupied international markets with its high-computing power, low power consumption and strong stability, and has become a leader in the global mining machine industry. In addition, Bitmain's Antminer series of mining machines has introduced a variety of models that support different encryption algorithms to meet the global demand of different digital currencies. As a world leading high-performance computing chip company, Bitmain has grown rapidly over the years. It now has multi-brand businesses including Antminer, Antpool, BTC.com and Sophon. Bitmain's cryptocurrency mining machine has long been a world leader with a market share of more than 70%. The 7nm chip reflects the R&D strength of Bitmain and further consolidates Bitmain's industry position. For the entire industry, this not only accelerates the development of digital currency mining but also sets a new benchmark for quality, providing miners with a better mining experience.

Bitmain’s 7nm chip to be used in a new Antminer

Bitmain has been committed to the development and launch of high-performance computing chips. Since its establishment, Bitmain has independently developed and mass produced a variety of chips. In 2016, Bitmain took the lead in releasing and mass-producing 16nm chips, applying them to its Antminer S9 miner and other models. The Antminer S9 quickly occupied international markets with its high-computing power, low power consumption, and strong stability, and has become a leader in the global mining machine industry. In addition, Bitmain’s Antminer series of mining machines has introduced a variety of models that support different encryption algorithms to meet the global demand of different digital currencies.

As a world-leading high-performance computing chip company, Bitmain has grown rapidly over the years. It now has multi-brand businesses including Antminer, Antpool, BTC.com and Sophon. Bitmain’s cryptocurrency mining machine has long been a world leader with a market share of more than 70%.

The 7nm chip reflects the R&D strength of Bitmain and further consolidates Bitmain’s industry position. For the entire industry, this not only accelerates the development of digital currency mining but also sets a new benchmark for quality, providing miners with a better mining experience.

Press Releases

Keep It Regal – Enter the Royal Roulette!

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Royal Roulette

The sound of cards whirring in the hands of live dealers, bells going off at multiple slot machines, bets being whispered in hushed voices, levers being pulled in all corners of the room producing a racketing noise, and doors are constantly spinning as people enter and leave. That’s right: you’ve found your way at one of the most timeless, classic, and iconic casinos in this part of town.

You’ve come at the perfect time. We have an incredible tournament going on!

Welcome to the Royal Roulette! Where the jingling of quarters and clicking of the roulette wheel can be heard all day, all night, throughout the entire month.

Spin the wheel and play the night away at the Royal Roulette

1xBitThe Royal Roulette attracts all betting players – both young and old, high-stake and low-stake, beginners and experts, as they compete against each other for the ultimate prize of 250 mBTC. They travel far through land and sea to put their money where their mouth is and join in on the thrill and good old-fashioned adrenaline rush by indulging in the games at the Royal Roulette. All players are invited to play at the following 1xBit live casino tables:

  • Pragmatic Play Live Casino
  • Vivo Gaming
  • Evolution Gaming

Think you have what it takes? Then hop on over to 1xBit and take part in the Royal Roulette!

Take a guess! Your bet is as good as ours when it comes to the Royal Roulette

1xbit

At 1xBit, it is all about skill and strategy. If you want to win big at the Royal Roulette, then you need to be patient, act like royalty, and observe other players before making your move. Remember that haste is waste! Think carefully before you can wager on the outcome and lay down the odds.

That’s all there is to the Royal Roulette! If you should find yourself lucky enough to play with the best, then a prize worthy of a king awaits you!

The prize distribution is as follows:

  • 1st place – 250 mBTC
  • 2nd place – 100 mBTC
  • 3rd place – 50 mBTC
  • 4th – 6th place – 20 mBTC
  • 7th – 10th place – 10 mBTC

All players are informed that the event starts on 26th February 2021 and goes on until 25th March 2021. You have a whole month to play and fulfill your heart’s desire.

What are you waiting for? Join the Royal Roulette and win like royalty at 1xBit!

Enter the World of Online Gambling – Why Choose 1xBit?

You get to play from 200+ live casino games:

Live Baccarat, Live Blackjack, Live Jackpot, Live Poker, Live Roulette, Live Sic Bo, Live Monopoly, Live Over/Under, Live Deal or no deal, and Live Dice transactions!

Here are the benefits you get to enjoy at 1xBit:    

  • Welcoming bonus. All newcomers can claim a 7 BTC welcome bonus for the first 4 deposits. All the more reason to join!
  • VIP cashback. Didn’t win? No problem! You can still count on the 1xBit casino cashback that can go up till 11%. Sounds exciting, doesn’t it?
  • Multi-currency account. Enjoy a multi-currency account! Whether you have Ethereum (ETH) or Bitcoin Cash, you will appreciate that we support 20+ currencies.
  • Anonymous casino. You do not have to input any private or personal information to get started on 1xBit. Enjoy 100% anonymity as you enjoy your favorite games.
  • Instant payouts. You don’t have to worry about waiting around to have your money on you. Our payouts are instantaneous.

You deserve to be treated like royalty. That is exactly what we offer at 1xBit. Join today!

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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Press Releases

Bitcoin Gambling/Gaming Guide Provides GOSU Bitcoin Casino Reviews

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BTCGOSU

February 15, 2021 – BTCGOSU, an independent guide to Bitcoin Casinos, provides detailed reviews of online casinos and gambling sites. All reviews include valuable, honest information with insights from real players, that are updated regularly.

“Our goal is to enable you to enjoy Bitcoin gaming while remaining confident that you’re dealing with casinos that operate with integrity,” said a spokesperson for the site. Those interested in gambling online with Bitcoin or other cryptocurrencies can find starred ratings, promotions, overviews, and full write-ups that explain how each reviewed online casino works. Insights into variables such as VIP programs, deposits/withdrawals, customer service, and security are analyzed and tested in detail as well.

BTCGOSUBTCGOSU includes the world’s largest third-party Provably Fair Verifier, a technology that enables players to verify bets and ensure they are not manipulated. Reviews specific to Bitcoin casino slots and games such as Dice, Crash, and Plinko are also provided. A section on the latest GOSU Bitcoin game reviews is included on the website, as is a section exploring the advantages of Bitcoin gambling.

In addition, you can also find News, promotions, and guides on the site. This provides visitors the chance to find out the latest happenings with some prominent Bitcoin gambling sites and learn more about popular games such as Poker. BTCGOSU promotes only fair and reliable gambling sites; it is designed to provide unbiased, honest reviews of online Bitcoin casinos.

On top of that, visitors can use the site’s Casino Comparer, Provably Fair Verifier, and take advantage of BTCGOSU’s unique Disputes & Mediation service and Deposit Guarantee. They can also navigate to locate reviews specifically focused on the casinos themselves, bonus types, and games. The BTCGOSU comes from a prominent user of bitcointalk.org, where a complete Announcement Thread (ANN) for this crypto gambling website can be found.

For more information about BTCGOSU, and to read complete reviews written by actual players who contribute to our listings, go to www.btcgosu.com.

Learn more:

Website: https://www.btcgosu.com/

Twitter: https://twitter.com/BTCGOSU

Facebook: https://www.facebook.com/BTCGOSU

Telegram: https://t.me/btcgosu 

Media Contact: admin@btcgosu.com 

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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Press Releases

Investors in Africa Can Now Purchase Stocks from the US Market Using Cryptocurrencies

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Passfolio

Passfolio is a new investment app that’s calling the attention of the market. Through its US registered broker-dealer, Passfolio Securities, the company aims to democratize the access to US investments in countries like Nigeria, by allowing investors to trade 3,800+ US stocks, ETFs, and REITs from the US market with no commission fees*.

PassfolioRecently, Passfolio has been growing in African countries like Nigeria and wants to facilitate access to US investments in the region. David Gobaud, Passfolio’s founder and CEO, says:

“People outside the United States often need hundreds of thousands of dollars to invest in the US stock market – we reduce the minimum to $1 to invest in US stocks of your favorite companies”.

What makes Passfolio different from other brokers? Simply put, the possibility of trading and funding your account with cryptocurrencies, through Passfolio Financial*.

Passfolio makes it possible for users to fund their accounts using cryptocurrencies by first converting them into dollars through Passfolio Financial, then moving the dollar proceeds to their brokerage accounts at Passfolio Securities, where users are then able to buy stocks. This way, investors can deposit Bitcoin, Ethereum, Bitcoin Cash, Litecoin, Zcash and other cryptocurrencies and access the US market.

The full list of cryptocurrencies supported by Passfolio (through Passfolio Financial*) can be found below. You can deposit and trade all of them in the app:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Bitcoin Cash (BCH)
  • Zcash (ZEC)
  • Filecoin (FIL)
  • 0x (ZRX)
  • Aave (AAVE)
  • Amp (AMP)
  • Basic Attention (BAT)
  • Balancer (BAL)
  • Chainlink (LINK)
  • Compound (COMP)
  • Curve (CRV)
  • Dai (DAI)
  • Decentraland (MANA)
  • Kyber Network (KNC)
  • Maker (MKR)
  • Orchid (OXT)
  • Pax Gold (PAXG)
  • Ren (REN)
  • Storj (STORJ)
  • Synthetix (SNX)
  • Uma (UMA)
  • Uniswap (UNI)
  • Yearn Finance (YFI)

To invest with Passfolio, the first step is to complete your registration. The registration can be done in a few minutes through this link, and you will be asked for some basic information. Then, the account is typically approved in a few hours and you’ll be able to add funds to your account and start investing.

For US stock trades, Passfolio Securities offers commission-free* trading for assets priced at $5 or more. You can check all other fees that may apply on Passfolio’s website: http://passfolio.us/fees

*Securities less than $5 cost $0.02/share. Please see Passfolio’s disclosures on other charges.

Disclosures:

Passfolio LogoPassfolio is the brand name of Panchain, Inc. Passfolio Securities LLC and Passfolio Financial LLC are fully-owned subsidiaries of Panchain, Inc. Securities and cryptocurrencies are very different types of assets. Cryptocurrencies are not securities. Purchasing cryptocurrencies comes with a number of risks. Please read Passfolio Financial Cryptocurrency Risk Disclosure.

Currency and cryptocurrency exchange services provided by Passfolio Financial LLC (“Passfolio Crypto”), a US Money Services Business registered with FinCEN. Passfolio Financial LLC is not a broker-dealer. Cryptocurrencies are not protected by either

FDIC or SIPC. Securities products and services offered to self-directed investors through Passfolio Securities LLC Member FINRA / SIPC. Passfolio Securities, LLC does not provide cryptocurrency-related services. Passfolio Securities LLC is a member of SIPC, which protects securities customers of its members up to $500,000 (including $250,000 for claims for cash).

Explanatory brochure available upon request or at www.sipc.org. To purchase securities using cryptocurrencies, you must first convert them into U.S. Dollars using Passfolio Financial LLC. You must then move the U.S. Dollar proceeds to your brokerage account at Passfolio Securities LLC where you can use it to buy securities.

Please see Passfolio’s fractional shares disclosure.

Disclaimer: This is a press release. Readers should do their own due diligence before taking any actions related to any company, product, or service mentioned in this article. BitcoinAfrica.io is not responsible, directly or indirectly, for any loss or damage caused by or in connection with the use of or reliance on any content, product, or service mentioned in this post. 

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