Greetings, friends! In today’s digest – crypto is entering the tech mainstream, Bitmain releases new 7nm Antminer hardware, an exclusive interview with Ethereum co-creator and IOHK CEO Charles Hoskinson, mining is more expensive then gold, the Winklevosses are claiming Charlie Shrem of stealing bitcoins.
Crypto is Entering the Tech Mainstream
Balaji Srinivasan, a prominent venture capital investor and the chief technical officer at Coinbase, said that crypto is entering the tech mainstream.
Sundar Pichai & Sergey Brin’s sons are both mining crypto; Facebook is doing blockchain; Square open sourced some nice cold storage code; Microsoft, Amazon, Google Cloud all have blockchain efforts; crypto is entering the tech mainstream.
Bitcoin Mining Behemoth Releases New 7nm Antminer Hardware
Bitcoin mining giant Bitmain has officially released two new 7nm (nanometer) “Antminer” crypto mining machines!
We are officially announcing the release of our new 7nm miners which possess industry-leading hash rates designed to mine with the SHA256 algorithm. Two models will be offered, the Antminer S15 and T15. Available for purchase on 11/8 [Nov. 8].
How Ethereum and Cardano’s Approach to Scaling Differs
At the Malta Blockchain Summit, Ethereum co-creator and IOHK CEO Charles Hoskinson gave an exclusive interview to share insights into his early days at Ethereum and the work IOHK has done to develop Cardano from scratch. Read the interview by clicking the link below.
In 2014, before the launch of ETH, the native cryptocurrency of the Ethereum network, Hoskinson left the project to create IOHK, a company that oversees the development of Cardano, the eighth most valuable cryptocurrency in the global market with a valuation of $1.9 billion.
Mining is more expensive then gold
The amount of energy required to “mine” one dollar’s worth of bitcoin is more than twice that required to mine the same value of copper, gold or platinum, according to a new paper, suggesting that the virtual work that underpins bitcoin, ethereum and similar projects is more similar to real mining than anyone intended.
One dollar’s worth of bitcoin takes about 17 megajoules of energy to mine, according to researchers from the Oak Ridge Institute in Cincinnati, Ohio, compared with four, five and seven megajoules for copper, gold and platinum.
Charlie Shrem and 5 000 BTC
Charlie Shrem, an early Bitcoin entrepreneur, has been denying the accusations that he stole 5,000 BTC from Tyler and Cameron Winklevoss, known as the Winklevoss’ brothers. Shrem affirms that the two Winklevoss brothers are “dead wrong” that the stole the money and has argued against freezing his assets.
He claims to never have access to the money and claims that the actual wallet with the 5,000 BTC belonged to another person whom he assisted. At no point, he affirms, he had access to the money. This other person was helped by Shrem to transfer the 5,000 BTC into a cold storage wallet in 2012. He also affirms that this money was never moved again.
Thank you for attention! See you soon.