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PowerASIC Limited

02-11-2019

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28-10-2019

Updates



Just a brief update that might interest you!

Our product page has been updated with more pictures showing our Asic server from every angle. There will also soon be more studio photos and a demonstration video made from our mining facilities in China. Hopefully this will help the many who requested this part.

There is a short extra opening for orders totaling 40 units with shipping between November 24th and 28th for those who want a fast delivery. This is after principle first to buy and we expect this sold out by the end of the day.

A few photos have been added for social media promotion you can use to attract referrals. Don't forget that you get 5% commission for recommending our site to anyone who signs up for your referral link, without you buying anything.


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PowerASIC Limited


PowerASIC Limited


03-10-2019

Bitcoin Mining Power Hits New High as Half a Million New ASICs Go Online

The computing power dedicated to mining bitcoin has hit yet another new high, suggesting that more than 600,000 powerful new machines may have come online in the last three months.

According to data from crypto mining pool BTC.com, bitcoin’s two-week average hash rate has crossed another major threshold, reaching 85 exahashes per second (EH/s) around 19:00 UTC last Friday. Meanwhile, mining difficulty also adjusted to a new record of nearly 12 trillion.

Notably, both figures have jumped 60 percent since June 14, the data shows.

Bitcoin’s mining difficulty – a measure of how hard it is to create a block of transactions – adjusts after 2,016 blocks, or roughly every two weeks. This is to ensure the time to produce a block remains around 10 minutes, even as the amount of hashing power, deployed by machines around the globe competing to win freshly minted bitcoins, fluctuates.

Several new models of application-specific integrated circuit (ASIC) miners hit the market over the summer, with an average hashing power around 55 tera hashes per second (TH/s).

Assuming all of the 35 EH/s of new hashing power added since mid-June came from these top-of-the-line models, a back-of-the-envelope calculation suggests that more than half a million such machines have connected to the bitcoin network. (1 EH/s =1 million TH/s)

 

Billion-dollar business?

These powerful ASIC miners, made by major manufacturers such as Bitmain, Canaan, InnoSilicon, Powerasic and MicroBT, are priced from $1,500 to $4,700 each. So if more than half a million of them were delivered, as estimated above, the leading miner makers could have made $1 billion in revenue over the past three months.

Bitcoin’s spiking hash rate and difficulty are in line with the soaring price since earlier this year, which led to increasing demand for mining equipment that has significantly outstripped supply. It’s also in part thanks to the rainy summer season in southwestern China which resulted in cheap, abundant hydroelectric power.

Further, there has also been a growing interest in Russia’s Eastern Siberia region, where the Brastsk hydropower station built in the Cold War era has been utilized to power mining farms that are estimated to account for almost 10 percent of the total computing power on the bitcoin network.

Miners in China estimated earlier this year that bitcoin’s average hash rate in the summer would break the level of 70 EH/s, which happened in August.

As such, major miner manufacturers have already sold out equipment that is due for shipment until the end of the year with customers placing pre-orders three months in advance.

TokenInsight, a startup that focuses on analysis of crypto trading and mining activities, said in a report published Friday that additional supplies of miners are expected to hit the market in the coming months.

“Following the drastic increase in bitcoin’s price, the bitcoin mining market saw significant inflation in Q2 2019. Most of the miners from various manufacturers were in serious shortage and pre-orders submitted in Q2 and Q3 are to be delivered by the end of the year,” the report states.

Therefore, the firm estimates mining difficulty will maintain its growth momentum to reach 15 trillion by the end of the year – with bitcoin’s average total hashing power crossing the threshold of 100 EH/s for the first time in its history.

23-09-2019

Update delivery status 11th of September.

Current status of first batch shipping previous week went all as planned without delay. However we have reports of some members mainly  from Germany having  problem with toll clearance. If you have problems declare clearance of your packet, please let us know and we can help with additional documentation. Future shipments will all have additional documentation following the shipping to avoid this kind of issues. Also it is of great importance that you include a contact phone number so the shipping company can reach you if additional information are needed. 


PowerAsic Ltd.

11-09-2019

Delivery status 1st of September

Our online promotion has been kicking of in a week and we now have a update for delivery status changes after validate feedback and orders. 

With current ordering level, shipping orders are possible in 3 month from ordering. We will publish any change in the coming week if there is any changes to this.

Subscription are currently on a third of the total quote of 4500 machines rented out, mostly to 1 day / 1 week subscriptions as also anticipated since we are still new on the marked. 


If you have any questions to our products please let us know.


PowerASIC Ltd

01-09-2019