New Bitmain Antminer K7 ckb mining machine is Coming Last weekend, crypto prices continued to bounce higher heading, led by DOGE, which surged by more than 100% over the week after Elon Musk`s acquisition of Twitter was complete. Last Thursday, Elon posted a video of himself walking into Twitter premises holding a sink, which sparked excitement within the DOGE community and ignited the price of DOGE to explode by 10% in just five hours. Meanwhile, Bitmain posted a Twitter on November 1, announcing that the new
ckb miner Antminer K7 is coming.
Today, let`s take a look about the new CKB miner- Bitmain Antminer K7.
Specification
Manufacturer:Antminer
Model:K7
Also known as:Bitmain Antminer CKB Miner
Release:December 2022
Size:264*200*290mm
Weight:12.5kg
Noise level:80db
Fan(s):4
Power:??80W
Interface:Ethernet
Temperature:5 – 35 °C
Humidity:5 – 95 %
Market analysis Led by the stock market rally, crypto prices bounced beginning last Tuesday, making their highest percentage moves in over three months. ETH, DOGE, ADA, SOL all surged around 10% on Tuesday alone, with ETH wiping out more than $350 million in short positions with its 13% overnight jump. BTC was not far behind, rising 5% to trade back above $20,000. As already pre-warned in our last week`s report, short liquidations surged to its highest level in recent times, with more than $700 million of shorts being liquidated on Tuesday alone. This is a significant amount even by bull market standards and such an increase in buying could pave the way for more positive moves ahead.
Indeed, the momentum continued into the following days as ETH continued to lead altcoins higher after it broke out of the consolidation range and rallied past $1,600 on Saturday. ETH subsequently went on to liquidate more than $500 million worth of short positions, its highest dollar value of shorts liquidation on record.
Even Core Scientific`s financial woes did not sour crypto sentiment. The world`s largest
Btc Miner revealed that it will not make payments due in late October and early November 2022 as its reserves are dwindling. The firm further elaborated that it anticipates existing cash resources to be depleted by the end of the year or possibly sooner, and should its current capital raise alternatives fail, the firm may have to file for bankruptcy protection by the end of the year.