1. Home
  2. LTC

LTC

Biggest Movers: DOGE Down 10%, Falling to Lowest Point Since October

Biggest Movers: DOGE Down 10%, Falling to Lowest Point Since OctoberDogecoin fell to its lowest level since October, as cryptocurrency prices plunged during Friday’s session. Overall, the global crypto market cap dropped by nearly 9% today, which seems to have been triggered by yesterday’s liquidation of Silvergate bank. Litecoin has been another notable mover, falling by over 17%. Dogecoin (DOGE) Dogecoin fell to a five-month […]

Billion-Dollar Investment Firm Vaneck Highlights Bukele’s Bitcoin Gambit in El Salvador

‘Bad batch’ or flawed design? Compass Mining flags problems with new ASIC miners

The Bitcoin mining company is stumped as to why Bitmain changed the design of the S19 Antminers.

Bitcoin mining company Compass Mining claims to have found “three issues” in the ASIC design of the two new Antminer S19 miners, units that are primarily used to mine Bitcoin (BTC).

These issues could result in the machines overheating and in some cases, completely breaking down.

The firm’s mining operations team warned in its Mar. 6 post that “Miners need to be ready,” particularly those who purchased the S19 90T and S19 XP Antminers manufactured from 2022 onwards.

While the firm stated that “other versions could be affected as well,” the three flaws the firm identified stemmed from a lack of a peripheral interface controller (PIC) on units, the implementation of aluminum plating instead of laminate material, and the bunching up components onto just one side of the board.

According to Compass Mining, peripheral interface controllers, or PICs, are used to control and monitor a range of devices and systems across all sorts of electronics. In ASICs, they’re used to interface with hashboards individually, rather than addressing them as one unit.

This, however, has been removed in the most recent design, said the firm.

“In ASICs, a PIC sits at the top of a hashboard and allows each hashboard to be spoken to individually. Without it, you have to address the unit as one unit, instead of three hashboards.”

Compass Mining explained that this lack of PIC means that should one hashboard fail, the entire unit “fails completely.”

“Instead, a miner fails completely. We’ve found this to be the case with our S19 XP 141 TH units, which have failed completely when only one board is having issues.”
The red dot in the center represents the PIC, which was present on older models S19 Antminers. Source: Compass Mining.

The mining company also said that by implementing aluminum plating on the hashboard, it may overheat and therefore lead to a higher “failure rate” than those built on printed circuit boards (PCBs) — which is what the old S19s were built on.

This would lead to “higher servicing needs,” the company said.

Meanwhile, the company has also raised concerns about the mining unit’s transition to aluminum, referring to it as “net negative.”

“We view the design decision to swap to aluminum-plating on hashboards as a net negative–one that will increase ASIC failure and underhashing while increasing service and maintenance costs,” it wrote.

The firm also explained that the presence of the aluminum would make it more difficult to replace malfunctioning chips:

“The lack of a PIC is compounded by the abrupt change to aluminum-plates on all hashboards. If a board overheats because of the aluminum's heat dispersion properties, then the entire unit will go down instead of just one board.”

Compass Mining said they first realized the drop in performance when they deployed the S19 XP at its Texas partner facility — which could have been impacted by humidity and heat.

As for the third issue, the firm noted that by implementing the aluminium plating without changing the chassis — the base frame of the ASIC — would also contribute to the higher failure rates.

Because aluminium is very heat emissive, the metal will cause “convective heating” inside the chassis, the firm explained, before proposing some solutions:

“A solution to this in an air-cooled environment would be to increase the mass air flow sufficiently to dissipate the heat stored within the miner – a different design or stronger fans.”

Related: Bitcoin ASIC miner prices hovering at lows not seen in years

Other possible solutions proposed by the firm include finding third-party firmware that allows the frequency and voltage of the machine to maintain reasonable temperature and humidity levels in order to get more longevity out of the mining machines.

Some of the latest S19s do not have a PIC on each hashboard of the ASIC. Source: Compass Mining.

The firm did however acknowledge that they may have just gotten a “bad batch” from Bitmain, noting it is “common knowledge” in Bitcoin mining not to buy the first batch of Bitcoin ASICs.

“Unknown errors are often only revealed over time, so it's best to have others find them out first,” it said.

Cointelegraph reached out to Bitmain for comment but did not receive a response by the time of publication.

Bitmain Antminers have been used to mine proof-of-work cryptocurrencies such as BTC, Dogecoin (DOGE) and Litecoin (LTC).

Billion-Dollar Investment Firm Vaneck Highlights Bukele’s Bitcoin Gambit in El Salvador

Biggest Movers: ETC Remains Near 2-Month Low, LTC Down by 4% on Monday

Biggest Movers: ETC Remains Near 2-Month Low, LTC Down by 4% on MondayEthereum classic remained near a two-month low on March 6, as a cloud of uncertainty continued to hover over markets. The global crypto market cap remained bearish to start the week, and is down 0.55% at the time of writing. Litecoin also moved lower on Monday. Ethereum Classic (ETC) Ethereum classic (ETC) started the week […]

Billion-Dollar Investment Firm Vaneck Highlights Bukele’s Bitcoin Gambit in El Salvador

Major Web3 Domain Provider Now Accepts Dogecoin (DOGE) As Payment Option

Major Web3 Domain Provider Now Accepts Dogecoin (DOGE) As Payment Option

One of the largest Web3 domain providers in the world is now accepting the popular meme asset Dogecoin (DOGE) as an option for payments. In a new announcement, major Web3 domain provider Unstoppable Domains says that it will now be adding DOGE to its list of digital assets that are now accepted as payment options. […]

The post Major Web3 Domain Provider Now Accepts Dogecoin (DOGE) As Payment Option appeared first on The Daily Hodl.

Billion-Dollar Investment Firm Vaneck Highlights Bukele’s Bitcoin Gambit in El Salvador

Dogecoin Is Outperforming the Altcoin Market in One Metric, According to Crypto Analytics Firm IntoTheBlock

Dogecoin Is Outperforming the Altcoin Market in One Metric, According to Crypto Analytics Firm IntoTheBlock

The dog-themed meme token Dogecoin (DOGE) is outperforming the rest of the altcoin market in one key metric. Blockchain analytics firm IntoTheBlock says that a greater percentage of DOGE holders have remained in the green compared to holders of other altcoins. In a new tweet, analysts at IntoTheBlock say at least 40% of DOGE holders […]

The post Dogecoin Is Outperforming the Altcoin Market in One Metric, According to Crypto Analytics Firm IntoTheBlock appeared first on The Daily Hodl.

Billion-Dollar Investment Firm Vaneck Highlights Bukele’s Bitcoin Gambit in El Salvador

Biggest Movers: LTC Hits 9-Day High, While MATIC Snaps Recent Losses

Biggest Movers: LTC Hits 9-Day High, While MATIC Snaps Recent LossesLitecoin surged to a nine-day high to start the month, breaking out of a recent resistance point in the process. The token climbed past the $95.00 level, as bulls made a run for the $100.00 mark. Polygon also snapped a recent losing streak, by bouncing from a key support point. Litecoin (LTC) Litecoin (LTC) climbed […]

Billion-Dollar Investment Firm Vaneck Highlights Bukele’s Bitcoin Gambit in El Salvador

Bitcoin-Based NFTs Cross 200,000 Ordinal Inscriptions, Yuga Labs Launches Twelvefold Collection

Bitcoin-Based NFTs Cross 200,000 Ordinal Inscriptions, Yuga Labs Launches Twelvefold CollectionOn Monday, Feb. 27, 2023, the number of Ordinal inscriptions on the Bitcoin blockchain crossed 200,000 at 1:02 p.m. Eastern Time. In addition to the 200,000 inscriptions, Yuga Labs, creators of the Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs), revealed that the team had created a collection of 300 generative ordinal NFTs called Twelvefold. […]

Billion-Dollar Investment Firm Vaneck Highlights Bukele’s Bitcoin Gambit in El Salvador

Biggest Movers: SHIB, LTC Marginally Higher During Volatile Start to the Week

Biggest Movers: SHIB, LTC Marginally Higher During Volatile Start to the WeekShiba inu started the week trading marginally higher, despite cryptocurrencies mostly consolidating on Feb. 27. At the time of writing, the global market cap is currently up 0.83%, as volatility has intensified. Litecoin also rebounded on Monday, hitting a four-day high. Shiba Inu (SHIB) Shiba inu (SHIB) continued to move away from a recent support […]

Billion-Dollar Investment Firm Vaneck Highlights Bukele’s Bitcoin Gambit in El Salvador

Analyst Who Nailed Exact Bitcoin Bottom Issues Crypto Warning, Details Ethereum (ETH) and Litecoin (LTC) Forecast

Analyst Who Nailed Exact Bitcoin Bottom Issues Crypto Warning, Details Ethereum (ETH) and Litecoin (LTC) Forecast

A crypto trader who correctly called Bitcoin’s (BTC) bottom in November and sold its recent top at about $24,700 has now fully reentered the market. This time around, the pseudonymous analyst DonAlt says he bought BTC at $23,000 – which he warns is a make or break level in the short-term. “In general, my target […]

The post Analyst Who Nailed Exact Bitcoin Bottom Issues Crypto Warning, Details Ethereum (ETH) and Litecoin (LTC) Forecast appeared first on The Daily Hodl.

Billion-Dollar Investment Firm Vaneck Highlights Bukele’s Bitcoin Gambit in El Salvador

Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTs

Luxor Technologies Acquires Ordinalhub to Provide Tools for Bitcoin-Based NFTsWith Bitcoin-based digital collectibles becoming a popular trend, the full-stack bitcoin mining services company Luxor Technologies has acquired the platform Ordinalhub, a project that provides tools to buy, sell, and track Bitcoin-issued non-fungible token (NFT) assets. Luxor Plans to Address Challenges in the Market for Ordinal Inscription Trades At the time of writing, there are […]

Billion-Dollar Investment Firm Vaneck Highlights Bukele’s Bitcoin Gambit in El Salvador