CRYPTO INSIDER: Mining ethereum is about to get a lot cheaper

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Yesterday, Bitmain announced a new ASIC (application-specific integrated circuit) mining rig specifically for ethereum.

Not only is it about 2.5 times more powerful than current GPU mining systems while costing only $US800, RBC Capital Markets says it could make a dent in the boost Nvidia has seen from cryptocurrencies in the past year.

Here are the current crypto prices:

What’s happening:

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