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Bitcoin’s Share of PoW Mining Rewards Now Above 80%
16.1.2020
Rewards received by bitcoin miners form a major chunk of the salaries paid across major proof of work (PoW) blockchains, according to Yassine Elmandjra, a cryptocurrency analyst from ARK Invest
Tokyo-Based Zigmabit Offers Mining Rigs for Homes and Offices
14.1.2020
Cryptocurrency mining develops rapidly like any high tech sector. Improvements in the hardware and auxiliary systems make it possible to design mining rigs that are more compact and silent than they used to be, while also profitable to run. Zigmabit is a manufacturer that assembles units suitable...
Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance
11.1.2020
During the first month of the new year, the research firm Tokeninsight published its “Mining Industry Annual Research Report,” which covers the competitive bitcoin mining sector. Tokeninsight’s study highlights the fact that BTC’s hashrate increased by 80% in 2019, even...
This Metric Suggests Bitcoin Has Bottomed Out
10.1.2020
Bitcoin likely carved out a major price bottom in December, according to a non-price metric, which has proved as a reliable price indicator in the past
Canada’s DMG Blockchain Installs 1,000 New Bitcoin Mining Rigs for US Client
9.1.2020
DMG Blockchain Solutions has set up 1,000 new Bitcoin mining rigs at its British Columbia facility for an unnamed U.S. client
Is Bitcoin Mining hazardous to the Environment?
9.1.2020
The enormous consumption of electrical energy in the mining of Bitcoin has been a burning issue of debates over the past few years. Bitcoin was invented in 2008 by Satoshi Nakamoto when the world was going through the dark cloud of the financial crisis. The financial catastrophe in 2007–2008...
A Russian Nuclear Plant Is Renting Space to Energy-Hungry Bitcoin Miners
8.1.2020
A state-owned nuclear power plant in Russia may soon fuel a bitcoin mining hub
Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas
8.1.2020
The city of Rockdale, Texas is attracting attention again, similar to the interest the region saw back in the fifties when the Alcoa aluminum smelting facility set up shop. These days, Rockdale’s change is due to the influx of bitcoin miners coming to town from all around the world....
Bitmain Responds to Layoff Rumors From Ousted Co-Founder Zahn
7.1.2020
Ousted Bitmain co-founder Micree Zahn took to Weibo on Monday to speak out against a reported Bitmain “personnel optimization plan” which could purportedly see around 500 Bitmain workers dismissed by January 17. Chinese media broke the story last week citing inside sources at...
SBI, GMO Reportedly Sign Deal with Operator of World’s Largest Bitcoin Mining Site
7.1.2020
Japanese financial services giant SBI and internet provider GMO have reportedly agreed to process crypto transactions at what is set to become the world’s largest mining site
Bitcoin Mining Power Hits Fresh All-Time High
6.1.2020
Bitcoin's hash rate reached record highs this week, likely as some miners scale up operations ahead of the reward halving event later this year
BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed
3.1.2020
On January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere...
Bitcoin Kicks Off 2020 More Secure Than Ever as Hash Rate Hits Record
2.1.2020
Bitcoin continues to dispel concerns over price as the network hash rate becomes stronger than ever before
Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season
28.12.2019
Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower...
Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020
27.12.2019
Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass...
Canaan's New 5-Nanometer Chips to Escalate ASIC Arms Race With Bitmain
26.12.2019
Chinese mining ASIC producer Canaan plans to roll out machines based on 5-nanometer chips in Q1 2020
Chinese Authorities Confiscate Nearly 7,000 Crypto Mining Machines
23.12.2019
Chinese police has seized roughly 7,000 crypto mining units, which illegally used electric power
Lawsuit Shows How a Public Firm’s $80M Bet on Bitcoin Miners Went Terribly Wrong
23.12.2019
The legal dispute between bitcoin miner Ebang and Chinese public firm Wholeasy reflects the prolonged magnitude of last year's market sell-off
GSR and Interhash to Create Hedging Solutions for Bitcoin Miners
20.12.2019
Hedging products for Canaan mining network becoming available in Jan, 2020
Hashpower Broker NiceHash Can’t Promise to Fully Reimburse Hack Losses
19.12.2019
Hashpower rental marketplace NiceHash has frozen its repayment program for users affected by a major hack in Dec. 2017 due to insufficient cash flow