Bitmain launches Handshake ASIC miner; altcoin falls.

The mining equipment maker Bitmain sold out the batch of Antminer HS3 devices for Handshake (HNS) mining in 27 seconds. The coin fell 2% in 24 hours.

According to the specifications, the miner generates a hash rate of 9 TH/s and delivers an energy efficiency of 231 J/TH with a power consumption of 2079 W. The installation price, including December delivery, was $2,092.

An AntPool mining pool affiliated with the company added support for the altcoin with zero fees “for a limited time”.

We have officially launched HNS!🎉🥳 For a limited period of time only, mine HNS at 0️⃣ fee on ANTPOOL. Check out our HNS mining tutorial here: https://t.co/wUH6zZ1z3q pic.twitter.com/st0dttMW4N

— ANTPOOL (@AntPoolofficial) December 21, 2022

HNS mining is also supported by ASIC devices from the Goldshell team.

The Handshake project aims to create a decentralized domain-name system on a public blockchain. The native token HNS enables registering, transferring, and updating internet names.

On December 20 Bitmain hosted a conference titled “Low-capitalization assets with mining potential — Can HNS reform the domain-name system?” The event focused on the mining prospects of the altcoin.

According to AntPool’s site, mining HNS can yield up to $0.0015 per 1 GH (0.001 TH) per day.

The token price spiked following the sale news, but in the subsequent correction HNS fell 2% in 24 hours to around $0.025 (CoinGecko). Relative to its May 2021 peak of $0.85, the asset has fallen 97%. The market capitalization is about $13.5 million.

In July, Bitmain began selling the new Antminer E9 for Ethereum mining. In September the network of the second-largest cryptocurrency moved to the consensus algorithm Proof-of-Stake.

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