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Bitmain’s new $12K cryptocurrency miner might be useless by the time it ships

Mimi Sabreena 3:05:00 PM Pilihan Editor

Bitcoin mining titan Bitmain has launched a new ultra-powerful cryptocurrency miner specifically designed for the CryptoNight hashing algorithm which powers privacy-oriented coins like Monero (XMR) and Bytecoin (BCN). But there is one massive problem: the device might be virtually obsolete by the time it starts shipping in May and June – especially to those interested in mining XMR. The so-called Antminer X3 ASIC (application-specific integrated circuit) mining rig will offer an impressive 220 kH/s at 550W. Bitmain intends to ship the machine in two batches – one in May and one in June. Customers can purchase first-batch X3 for $11,999 or wait for the…

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