In January 2013, Avalon released the specifications of the 60G/s mining machine and accepted pre-orders. In January 2013, Avalon delivered the world's first commercial Bitcoin ASIC mining machine. Jeff Garzik, a core developer of the Bitcoin network, was fortunate to become the owner of the first commercial ASIC mining machine. Two American competitors (BFL and Basic) delayed delivery for almost a year due to chip design issues, and the latter ran away directly. Another domestic ASIC mining machine supplier focused on its own stocks and only sold a small number of low-performance ASIC mining machines. It is said that users who received Avalon mining machines at that time recovered their investment within one or two days. In the era when CPU and GPU mining were popular, hackers used Trojan viruses to control a large number of computers to form a zombie network for mining and make huge profits. Senior miners purchased a large number of high-end graphics cards to assemble mining calculators or even computer clusters for mining, and low-level miners gradually withdrew from the mining industry. The emergence of Avalon ASIC mining machines completely subverted the Bitcoin mining industry. CPUs and GPUs were eliminated from the Bitcoin mining industry almost overnight. The Bitcoin mining industry began its second industrial upgrade, heralding the advent of the ASIC mining era. |
>>: Bitcoin mining boom: Revenue continues to decline, latecomers pay the bill
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