Bitmain to Support Aleo’s PoW Blockchain With Latest Antminer Release

Crypto mining rig manufacturer Bitmain plans to release a new Antminer supporting the proof-of-work (PoW) blockchain network Aleo. The announcement comes after Bitmain’s recent launches of filecoin and kaspa machines and the company’s latest series of bitcoin miners.

Aleo’s L1 Blockchain to Get Bitmain Mining Support

According to a recent Bitmain post, the company intends to introduce a miner compatible with the forthcoming blockchain network Aleo. The Aleo PoW blockchain is currently in testnet mode and hasn’t fully launched. It’s a layer one (L1) blockchain that employs zero-knowledge proofs to bolster privacy while retaining programmability. Aleo uses a statically typed programming language inspired by Rust named Leo.

“To support the prosperity of the Aleo ecosystem, Bitmain plans to launch the Aleo Antminer,” the post published by Bitmain disclosed.

The announcement from Bitmain follows several new product launches over the past few months. In late July, the company announced a filecoin (FIL) mining rig. The subsequent month saw the shipment of Bitmain’s kaspa (KAS) mining machines. Shortly after announcing the Kaspa mining rig, Bitmain revealed an August release of a monero (XMR) mining rig. More recently, Bitmain launched two next-generation bitcoin (BTC) miners from the S21 series.

A report two weeks ago suggested that Bitmain has faced financial challenges and reportedly struggled to pay its staff. Following that report, however, Bitmain secured two contracts with two mining operations based in the U.S. The company sold a combined 5.8 exahash per second (EH/s) of its new S21 Antminers to Iris Energy and Cleanspark.

Aleo has garnered significant attention, much like other venture capital-backed layer 1 blockchains such as Solana, Aptos, and NEAR did prior to their debuts. In April 2021, Aleo’s team secured $28 million in a Series A round led by Andreessen Horowitz (a16z).

In February 2022, Aleo’s Series B funding reached $200 million, elevating the project beyond unicorn status. Softbank Vision Fund 2 and Kora Management LP jointly led the round, with participation from a16z, Tiger Global, Sea Capital, Slow Ventures, and Samsung Next.

What do you think about Bitmain’s latest announcement about an upcoming miner that supports the Aleo network? Share your thoughts and opinions about this subject in the comments section below.

from Bitcoin News https://ift.tt/QZL5z8H

Comments

Deep Web Roundup: Dream Adds Monero and Bitcoin Tumbler “Chip Mixer” Launches

The darknet has been quiet of late, which is the way it’s meant to be. No news means no mega busts, honeypots, or mass market shutdowns. Even when it’s out of the spotlight though, the deep web is quietly making news, whether trialling the latest privacy coins or the newest coin mixers that promise to restore a little of the privacy that’s being stripped away from bitcoin users on a daily basis. Also read: U.S. Agency ICE Conducts Investigations That Exploit Blockchain Activity The Battle for Privacy Heats Up Privacy is all relative, but of late there’s been relatively little privacy to be enjoyed by bitcoin users. Blockchain monitoring software is becoming more sophisticated and more common, with U.S. law enforcement agencies using it to profile and hunt down deep web users. Chip Mixer is a relatively new bitcoin tumbler that’s designed to restore some of that privacy. Available on both the clearnet and darknet, the service uses a variety of techniques to obfuscate blockchain m

International Crypto Exchange Luno Adds Bitcoin Cash Trading

Luno exchange has added bitcoin cash trading to the platform following feedback from its client base. BCH is now only the third cryptocurrency available for trading on the exchange, in addition to BTC and ETH , but more options could be on the way once Luno determines that they are credible enough. Also Read: Bitflyer Adds Bitcoin Cash Trading Across Europe and the US Luno Adds Bitcoin Cash Trading Luno, the London-headquartered company formerly known as Bitx, recently announced that bitcoin cash was made available on its cryptocurrency exchange. Starting from Monday, September 23, customers at Luno are now able to store, buy and sell BCH on the platform. The reason given for adding BCH to the exchange is feedback from users in developing markets that convinced Luno to expand their offering from previously just BTC and ETH . Marcus Swanepoel, CEO of Luno, said , “We are in a new and exciting financial era. Developing economies are leading the large-scale adoption and appli

Ombudsman Receives Complaints About Crypto Investments in Spain

The Spanish ombudsman has been receiving complaints about cryptocurrency and how some Spanish citizens investing in these vehicles have lost everything. In his annual report, Angel Gabilondo recognized the rise of cryptocurrencies as a new problem due to the little or no regulation crypto sees in the country. In the same way, the EU has also warned about these assets recently. Spanish Ombudsman Gives His Take on Crypto Angel Gabilondo, the Spanish ombudsman, has given his take regarding cryptocurrencies and the effects they have on citizens investing in some of these projects. Gabilondo said in his yearly report that cryptocurrencies have become “a new problem” during the year examined, with many people having lost all of their funds invested. The report states : Cryptocurrency exchange companies or platforms are not regulated in the legal system, are not subject to any public supervision system, nor do they benefit from deposit guarantee systems. The affected users that sought

breaking news this december get instant daily breaking news

Search This Blog