Innosilicon Opens Pre-Orders for G32 GRIN ASIC Miner with Cuckatoo31/32 Algorithms Support
Innosilicon has decided to open preorders of the Innosilicon G32 Grin ASIC Miner. This is the first ASIC miner ever released to the market that will be powering GRIN’s Cuckatoo31/32 algorithms. The Grin digital currency aims at providing a new level of security and privacy for users.
The Innosilicon G32 Grin ASIC Miner is now available for pre-orders and it will start to be delivered in the coming months. The device is still being developed and the exact specifications have not yet been released to the public.
Despite this, the company is already taking pre-orders for the first two batches. Users that want to acquire them will have to deposit $2,000 for each miner. The purchase will be refundable in just 2 weeks of the final spec announcement.
The specifications of the miner should be announced in the coming weeks. However, the device should have a sub 500W of power usage but the hash rate is still unknown for this miner.
The GRIN ASIC miners have been developed since the cryptocurrency was launched. The digital currency is very new and there will be new ASIC miners for it available for users before the end of the current year.
At the moment, it is important for GRIN to work in making the network more user-friendly for users to be able to embrace the digital asset, which is now affecting its growth. For example, the project does not have a Windows wallet for users to transfer coins between pools, crypto exchanges or other wallets.
GRIN is the 167th largest digital asset with a market capitalisation of $21.59 million. Each GRIN coin can be purchased for $3.32 and in the last 24 hours, the digital asset lost 1.28% of its value.
The GRIN cryptocurrency is a project that focuses on privacy, scalability and fungibility. In order to achieve that, they have implemented a blockchain protocol known as MimbleWimble. The digital currency gained support from many Bitcoin (BTC) and privacy proponents in the digital currency and blockchain spaces.