The Singapore-based miner has big plans to shake up ASICs with a new design and a greater commitment to transparency.

Traditional mining requires high-end ASIC machines, which consume significant electricity and can cost thousands of dollars.

A report in late November claimed the US Customs and Border Protection Agency had delayed the delivery of Bitmain’s Application-Specific Integrated Circuit (ASIC) machines at US ports of entry.

The hash rate of a computer, GPU or ASIC machine determines how successful a user will be in earning the block subsidy by being first to solve the puzzle and win the competition. Today ...

ASIC machines are made for a single purpose: To solve Bitcoin’s SHA-256 algorithm as fast as possible in order to collect block rewards. They’re extremely good at it. One of the most widely ...