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Z11 from Bitmain, Digitec Galaxus and Cryptocurrency, Binance in Australia

03/20/2019
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  • сryptocurrencies_retail
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Bitmain presented a new miner for mining Zcash, in the Digitec Galaxus online store you can pay in cryptocurrency. Binance expands activity in Australia.

New miner from Bitmain

One of the world's largest manufacturer of ASIC devices, Bitmain, presented its new miner. Model Z11 will use a 12 NM chip, but its energy efficiency has increased due to the renewal of the internal circuit structure. Due to this, electricity consumption will be reduced by 60%.

Z11 runs on the Equihash algorithm, and is capable of extracting Zcash cryptocurrency at speeds of up to 135,000 decisions per second. Its predecessor, the model Antminer Z9, could produce only a third of this power. To avoid conflict with the Zcash community, Bitmain plans to use the principle of openness. That is, the miners and developers of the blockchain will know in advance all the information about the company's plans.

New miner from Bitmain

Digitec Galaxus will accept cryptocurrency

Switzerland's largest online store will allow its customers to pay for cryptocurrency purchases. However, this can only be done with a check amount of $ 200. But the company will accept for payment not only Bitcoin and ethereum. Thanks to the collaboration with the processing service Datatrans and the startup Coinify, you can make calculations in one of the ten most liquid coins.

Commission for the transaction will be 1.5%, and the transaction itself will take no more than 15 minutes. It is for this period that the company's partners fix the exchange rate, which allows the retailer to offer a new service. Oliver Herren from Digitec Galaxus said that he does not quite understand the advantages of blockchain technologies. However, his company is ready to meet the wishes of customers.

Digitec Galaxus will accept cryptocurrency

Binance will allow Australians to buy cryptocurrency for cash

More than 1,300 outlets will support the possibility of buying cryptocurrencies for cash in Australia. After visiting the Binance Lite portal, the user will be able to access them and pay for their purchase of a digital financial asset with fiat money.

Now the service is working in test mode, but in the near future it will begin full operation. However, the cost of one transaction raises some questions. The commission of the service will be 5%, and this amount will have to add the statutory taxes and fees. At the same time, Binance notes that it is Australia that offers the most favorable conditions for buyers and sellers of cryptocurrency

Why cryptocurrency turn to gettin closer to retail

Binance will allow Australians to buy cryptocurrency for cash

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