Bitmain ASIC production bloats supply
ASIC prices have plummeted over 2024 as post-halving hashprice continues to decline. But a glut in supply from over manufacturing could also be affecting demand and pushing down prices.
“We are seeing more buyers and also wholesalers holding up their purchase post-halving. This is mainly driven by too much supply in the market, and also there’s greater uncertainty in machine prices and mining economics,” the head of an ASIC brokerage firm, who asked to remain anonymous, told Blockspace.
Bitmain, which accounts for roughly 80% of ASIC miners currently operating according to CoinMetrics data, is “releasing models more quickly than ever before,” says our source. One driver of this unrelenting ASIC production could be Bitmain buying more TSMC chips to maintain its seat at the table in the increasingly-competitive foundry space.
News
Marathon gets new board members and looks to AI
$MARA has tapped two board members from Intel and Siemens with expertise in “AI, data centers, and energy.” With so many bitcoin miners riding the AI hype waving, it looks like Marathon is ready to hang ten with the rest of them.
Starkware validates first execution of Bitcoin transaction with Shinigami
This week, Starkware finished what Robin Linus of ZeroSync started: Simply Payment Verification of Bitcoin Script Execution. In layman’s terms, this is a big step forward for STARK proofs.
Unisat launches Fractal Bitcoin mining pool on Testnet,
The Unisat team has unveiled Fairpool, a so-called “developer-maintained” mining pool for its merged-mined sidechain Fractal Bitcoin, which is slated to launch on September 9. In a space this week, Spiderpool also confirmed participation in the Fractal Bitcoin network.
Stratum.work gets a feature upgrade
A popular website for auditing mining pool activity in real time just got better. Now, you can also monitor pool payout addresses in addition to block templates.
Chart of the week
If you ever wondered how complex Coinbase’s custodial services web is, this chart is for you.
