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Mapping out the crypto mining ecosystem

January 17, 2022, 12:10PM EST • 15 min read Quick Take The steadfast and still-growing crypto mining ecosystem can be broken down into many verticals, but most important are its mining pools, manufacturers, and lenders. A few requirements must be met when becoming a Bitcoin or PoW miner, such as obtaining hardware (GPU or ASIC), mining software, a wallet, and a mining pool if they do not plan to solo mine. The mining ecosystem was previously centered in China but …

InnoSilicon ships new Ethereum ASIC miner at 1,500 MH/s

A new Ethereum ASIC miner is coming to the market but it appears to be not as attractive as it was initially thought to be. Wuhan-headquartered chip maker InnoSilicon is now shipping the long-awaited Ethereum ASIC miner called A11 Pro after words of the specifications first came out earlier this year. At the time, the expected performance was thought to be 2,000 megahashes per second (MH/s) with a power at 2,500 watts (W). That would translate to a mining efficiency …