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CoinDesk Podcast Network

"The Largest Crypto Giveaway in History"

CoinDesk Podcast Network

CoinDesk

Tech News, Business News, Daily News, News

4.7698 Ratings

🗓️ 6 November 2018

⏱️ 6 minutes

🧾️ Download transcript

Summary

Bitmain is launching two new Antminer models targeting the bitcoin mining industry. U.S. elections drama may be dragging Augur out of the doldrums. Crypto wallet provider Blockchain says it's about to stage what it's calling the "largest crypto giveaway in history." Cryptocurrency mining technology firm Bitfury Group has just closed an $80 million funding round led by venture capital firm Korelya Capital. Late Confirmation is a CoinDesk production. For more information, visit www.CoinDesk.com See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0

Crypto wallet company blockchain is launching a multi-million dollar giveaway of stellar lumens.

0:07.4

Good evening. I'm Mark Hoxstein, and this is late confirmation from CoinDesk, bringing you the top stories from Tuesday, November 6th.

0:17.2

Also on today's show, prediction market auger is seeing activity around Tuesday's U.S. midterm election.

0:25.8

And crypto mining firm Bitfury has announced an $80 million private placement.

0:31.9

Stay tuned for more on these stories on today's show.

0:36.5

Bitmain is launching two new ant-miner models targeting the Bitcoin mining industry.

0:42.9

The crypto hardware manufacturing giant announced Tuesday that the new ant-miner

0:47.8

S-15 and T-15 machines will be powered by the recently revealed 7NM ASIC processor and will go on sale November 8th.

0:58.9

The new miners possess industry-leading hash rates designed to mine with the Shah-256 algorithm,

1:06.3

according to a tweet from the company.

1:08.4

The 7-NM chip was first announced in late September by Bitmain's CEO

1:13.4

and co-founder Jehan Wu, who said it would be more energy efficient and powerful than the older

1:18.8

models. While specs for the chip haven't been released in full, Wu said during his original

1:24.7

announcement that it would include more than a billion transistors

1:28.6

and achieve a ratio of energy consumption to mining capacity that is as low as 42 joules per

1:36.7

tarahash. Details on the new amp miners are also sparse, with a holding page on the company's

1:43.1

website offering no information at press time.

1:48.1

The U.S. election drama may be dragging auger out of the doldrums.

1:53.2

The decentralized betting platform, built on Ethereum, enjoyed a promising launch in July,

1:58.6

but then stagnated due to a clunky user experience and a

2:02.8

general decline in the use of decentralized applications.

2:07.2

But as Tuesday's midterm elections in the U.S. approach, money is pouring into the Auger platform.

...

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