Bitmain, the world’s primary mining products producer, explained it is in the course of action of testing a mining machine particularly for the Aleo blockchain.
Share over WeChat social networkBitmain has announced ideas to launch a coin mining machine for Aleo, identified as “Antminer”.
The firm explained the gadget is even now in the testing phase and has not however set an official launch date.
Aleo is a layer one decentralized blockchain platform that makes use of Zero-Knowledge Proof technologies, to make sure the privacy and protection of consumer information.
Last 12 months, Aleo raised $200 million in a Series B round co-led by SoftBank Vision Fund two and Kora Management. Tiger Global, Andreessen Horowitz (a16z), Samsung Next, Slow Ventures and Sea Capital also participate.
Layer-one is now at the finish of the testing phase and is anticipated to enter the mainnet at the finish of 2023. After the mainnet, the blockchain will also separate and operate independently from the founding firm Aleo System.
As for Bitmain, the firm is based mostly in China and is now embroiled in an worker salary debt scandal. The firm then fired 4 workers who had uncovered the company’s salary problem on social networks. According to journalist Colin Wu, Bitmain has now paid its workers in total.
On the other hand, Bitmain is even now creating a great deal of progress in its area. In September, the firm launched the Antminer S21 and acquired curiosity from CleanSpark consumers in the United States.
August 2023, Bitmain announced investment agreement worth $54 million joins Core Scientific, A massive North American mining firm has gone bankrupt. As a consequence, Bitmain proposed to invest in 27,000 S19j XP bitcoin miners from Core Scientific.
Coinlive compiled
Join the discussion on the hottest concerns in the DeFi market place in the chat group Coinlive Chats Let’s join the administrators of Coinlive!!