The African Development Bank (ADB) and Intel have announced a significant partnership to train three million Africans and 30,000 government officials in advanced artificial intelligence (AI) skills. According to the ADB, this training is expected to revolutionize the African digital ecosystem and contribute to economic growth. The program will tackle socio-economic challenges and enhance productivity […]
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Ethereum Proposal by Vitalik Buterin Introduces Advanced Account Abstraction Features
A new Ethereum Improvement Proposal, EIP 7702, spearheaded by Vitalik Buterin and fellow collaborators, aims to refine account abstraction on the Ethereum network, enhancing quantum resistance and compatibility with existing standards. EIP 7702 Targets Enhanced Security and Compatibility According to the Github summary, EIP 7702 emerges as a pivotal alternative to the existing EIP-3074, addressing […]
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Keychainx CEO Says Advanced AI and Nvidia GPUs Assisted in Recovering 120 BTC
According to the CEO of Keychainx, new wallet features and security upgrades, such as 25-word passphrases, Shamir secrets, and two-factor authentication (2FA) for Electrum wallets, can decrease the likelihood of recovery if access is lost. The CEO stated that advanced artificial intelligence (AI) models, algorithms, and new GPU technologies have significantly improved the chances of […]
Bitcoin News
Federal Reserve’s Neel Kashkari on Bitcoin: Still No Legitimate Use Case in an Advanced Democracy
The president and CEO of the Federal Reserve Bank of Minneapolis, Neel Kashkari, has expressed concern about consumer risk due to “fraud, hype, and confusion” surrounding bitcoin. Moreover, he said the cryptocurrency has been around for more than a decade but “there’s still no legitimate use case in an advanced democracy.” ‘I Am Worried From […]
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ICB Network Enters New Era of Blockchain Technology With Advanced Layer 1 Project
PRESS RELEASE. Singapore, April 5, 2024 – During this crucial period for the crypto industry, ICB Crypto Services is ready to announce the early launch of the Ideal Cooperation Blockchain (ICB) Network. Designed by the sophisticated ICB Labs, the ICB Network introduces a promising Layer 1 blockchain project that was created to update the standards […]
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Consensys to SEC: Recognize the Advanced Safeguards Inherent in Ethereum’s Design
Consensys has told the U.S. Securities and Exchange Commission that Ethereum’s proof of stake implementation “meets and even exceeds the security of Bitcoin’s Proof of Work (PoW).” The blockchain software company said the commission should recognize the advanced safeguards inherent in Ethereum’s design which exceed the “security and resilience safeguards underlying bitcoin-based exchange-traded products.” The […]
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Curtain Fell: Ideal Cooperation Blockchain (ICB) Presents Advanced Blockchain Network at ICO Level
PRESS RELEASE. Singapore, February 5th, 2024 – ICB Crypto Services eagerly announces the initiation of Ideal Cooperation Blockchain (ICB), a prominent venture introduced by ICB Labs. After its recent inception a few years ago, ICB Labs is going to organize an official launch of the blockchain network at the ICO level in Q1 2024, setting new standards within the blockchain industry.
Ideal Cooperation Blockchain network, also known as ICBX, is a promising project focusing on smart contracts and intermediary-free transactions. Addressing the reported troubles and issues found in other blockchains, the ICB blockchain’s foundational layer introduces significant changes, enhancing efficiency and rapid responsiveness.
Brief Description
The PoS Consensus Algorithm in ICBX offers an innovative method for verification and block formation, implementing advanced technologies to increase network performance and trust. CertiK, a leading security-focused ranking platform, has officially approved the ICB project, affirming the measures and precautions taken.
ICB Network’s blockchain bonding mechanism allows participants to lock their tokens as collateral, showcasing commitment and enthusiasm towards supporting decentralized applications within the network.
The democratic governance model within ICB empowers token holders to participate in network decision-making, boosting transparency and active engagement.
Efficient Technical Solutions
ICB Network’s compatibility with the Ethereum Virtual Machine (EVM) empowers developers to create smart contracts securely and efficiently. Adherence to standards like ERC-20, ERC-721, and ERC-1155 ensures accurate smart contract definition and interaction with other EVM applications.
ICB Scan, an explorer within the ICB network, enhances transparency with open-source features, precise transaction tracking, and contract details checking. The ICBX project’s testnet phase and DAO implementation contribute to sustainable and secure development.
About ICB
Established in October 2020, ICB Labs marks the company’s breakthrough into the blockchain industry. With a mission to provide quick, affordable, and advanced blockchain technology, ICB is going to enrich the industry and restore trust through crypto’s potential.
ICB’s ecosystem, ICB NETWORK BIT, is part of a wider interconnected system, aiming to deliver the best possible experience. The ICB token serves as a versatile digital currency, facilitating transactions, network governance, and incentivizing active participation.
Ideal Cooperation Blockchain (ICB) possesses winning features, modern technologies, and commitment to efficiency and security. The launch at the ICO stage will definitely contribute to blockchain development, promising transparency, accessibility, and trust within the ICB ecosystem.
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For more information, visit the official website at https://www.icb.network/ or check the latest news via the channels specified below:
https://twitter.com/icbxnetwork
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https://t.me/icbnetwork_official
Medium
https://readicbnetwork.medium.com/
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An In-Depth Analysis of 7 Advanced Bitcoin Miners From Bitmain, Canaan, and Microbt
Recently, the top three bitcoin mining rig manufacturers unveiled a group of next-generation products with efficiency ratings of less than 20 joules per terahash (J/T) and powerful hashrates. In total, Bitmain, Canaan, and Microbt released seven new devices. The following provides a look at the machines’ current profitability using prevailing BTC exchange rates.
A Look at the Current Estimated Profits of the Latest Bitcoin Mining Machines
Three of the world’s largest bitcoin mining machine producers have recently released new products, and these machines will likely benefit BTC’s total hashrate. Bitcoin’s price is hovering above the ,000 range, and the current hash price in terms of a terahash per second on a daily basis equates to .0736. This means that under current market conditions, all seven miners announced by Microbt, Bitmain, and Canaan are profitable if a miner is paying .07 per kilowatt-hour (kWh).
Of course, that doesn’t include the upfront cost to purchase any one of those machines, and there’s also the fact that they have not been delivered. Still, subtracting the cost of a miner and the time it takes to return that investment are not leveraged for this analysis. Nor is the future price of bitcoin, as the price of the digital asset could be much higher or significantly lower from this point on. Canaan, the creators of Avalon miners, launched two new devices on September 12, 2023, from the Avalon 14 series.
Canaan’s liquid-cooled A1466I produces 170 terahash per second (TH/s) and has an energy efficiency ratio of 19.5 J/T. Currently, paying .07 per kWh, an A1466I will produce an estimated .63 in daily profits. The firm’s air-cooled unit that produces 150 TH/s and 21.5 J/T gets an estimated .17 per day. Not long after Canaan, Bitmain launched two new mining machines as well from the Antminer S21 series.
On September 22, 2023, Bitmain unveiled its latest products: the S21 Hyd and the air-cooled S21. The S21 Hyd, a hydro-cooled device, boasts up to 335 TH/s and operates with an efficiency ratio of 16 J/T. Meanwhile, the air-cooled S21 miner delivers an output of up to 200 TH/s, and maintains an efficiency of approximately 17.5 J/T. The hydro-cooled Antminer with 335 TH/s can get an estimated .69 per day paying .07 per kWh. The air-cooled S21 can get an estimated .82 in daily profit.
This week, Bitmain also revealed the T21 bitcoin miner, an air-cooled device capable of producing 190 TH/s and maintaining an efficiency of 19 J/T. Currently, the T21 has the potential to generate approximately .09 per day. Meanwhile, Microbt also made its moves this week, introducing three new mining machines to the market as part of the M60 family. The M60S air-cooled device produces 170 TH/s which can get an estimated .63 per day.
Microbt’s hydro-cooled M63S can produce 360 TH/s and generate roughly .52 per day. The immersion-cooled M66 produces 270 TH/s and can generate .94 per day at current BTC prices. All three of Microbt’s machines produce an efficiency rating of 18.5 J/T. Joules per terahash is a critical metric in bitcoin mining and the fact that aforementioned machines produce lower J/T means that the miner requires less electricity to perform the same amount of work.
What do you think about the seven new bitcoin mining rigs released this year? Share your thoughts and opinions about this subject in the comments section below.
Canaan to Launch Avalon 14 Series Bitcoin Miner With Advanced 1X J/TH Efficiency
In mid-August, Bitmain revealed its intention to launch a new Antminer featuring an efficiency rating of 1X joules per terahash (J/TH). Three days after this disclosure, Canaan also announced plans to unveil a novel product but with little details. Canaan has since offered more information, indicating that their upcoming release will belong to the Avalon 14 series, alongside equaling the efficiency level of 1X J/TH.
Upcoming Next-Gen Bitcoin Mining Rigs Will Boast 1X J/TH Efficiency
At present, the leading application-specific integrated circuit (ASIC) bitcoin miners produced today possess an efficiency rating of 20 joules or higher per terahash. Yet this status quo may shift within the month as two rival bitcoin mining rig manufacturers intend to introduce a new generation of mining products.
For example, the 2023 World Digital Mining Summit (WDMS) occurring in Hong Kong from September 22 to 23 will showcase Bitmain’s innovative mining product. This apparatus or series of devices will be incorporated into the Antminer S21 line, and the company asserts that its efficiency rating will be 1X joules per terahash (J/T). In essence, this signifies that the J/T ratio will fall below 20, rendering the rigs more efficient than today’s leading miners.
Nonetheless, following Bitmain’s S21 announcement, Canaan divulged days later they were planning to launch their own groundbreaking product. Canaan has now provided further information about the imminent Avalon or A14 series. In a promotional advertisement for the approaching “Avalon Bitcoin & Crypto Day” convention in Singapore, Canaan reveals that the new A14 will also boast an efficiency rating of 1X J/T.
Avalon A14 series
Pay deposit, double deduct the balance#Canaan #10thAnniversary #Bitcoin #Mining #AvalonMade pic.twitter.com/YAXdBJBkHf— Canaan Inc. (@canaanio) September 6, 2023
Although both prominent mining rig manufacturers have confirmed these machines’ enhanced efficiencies, neither Canaan nor Bitmain have specified the terahash per second output. With the upcoming BTC halving event on the horizon, miners look forward to devices delivering increased terahash per second (TH/s) alongside improved efficiency concerning joules per terahash. The forthcoming “Avalon Bitcoin & Crypto Day” conference is slated to occur one week from now, on September 12.
What do you think about Canaan revealing that the new A14 series will have better efficiency than today’s top miners? Share your thoughts and opinions about this subject in the comments section below.
Metagalaxy Land Ushers in Advanced Metaverse Experience, Bolstered by Investment from Blockchain Incubator 10SecLabs
PRESS RELEASE. 10SecLabs, a leading force in the blockchain incubation landscape, has taken a significant investment leap into the innovative Metagalaxy Land project. This development comes ahead of Metagalaxy Land’s much-anticipated Metaverse Platform Launch. Set to be a trailblazer in the GameFi and metaverse arenas, Metagalaxy Land states that this investment has catalyzed considerable progress in their project, enabling it to leap forward towards future releases.
Metagalaxy Land’s pre-alpha version, due to launch in early July, promises an exhilarating experience for its users. Assuming the roles of Space Pirates, they’ll explore the ‘Decentralized Planet.’ The adventure involves hunting for Metagalaxy Land points, which are strategically scattered across the map daily. Accumulating these points allows users to scale the leaderboard and reap enticing rewards. Furthermore, while navigating the NFT Exhibition on the Decentralized Planet, users have the ease of accessing the trade page for purchases and attending the Conference for unique events and video presentations.
10SecLabs is renowned for propelling projects into the next phase of their development and daringly exploring uncharted blockchain territories. The team at 10SecLabs have expressed their early recognition of Metagalaxy Land’s immense potential, stating, “We are unwavering in our commitment to nurturing innovative projects that bolster the blockchain ecosystem. Our strategy involves identifying potential in projects and delivering the necessary ignition power through targeted investments. This strategy not only elevates 10SecLabs’ standing in the web3 world but also serves to enrich our portfolio with cutting-edge projects,” reinforcing their intention to make a substantial and lasting impact in the industry.
As the countdown to the pre-alpha metaverse launch begins, both Metagalaxy Land and 10SecLabs are extending an invitation to adventurers, gamers, and blockchain enthusiasts to come explore the metaverse.
About 10SecLabs:
10SecLabs is a preeminent incubator in the blockchain space, renowned for its significant investments in pioneering projects that advance the blockchain ecosystem.
Related Links
Websites
https://10seclabs.com/
https://metagalaxyland.com/ https://nft.metagalaxyland.com/
Social Media
Twitter: https://twitter.com/metagalaxyland
Telegram: https://t.me/metagalaxylandofficial
https://t.me/metagalaxylandofficial
Youtube: https://www.youtube.com/c/MetaGalaxyLand
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.