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Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware
23.5.2020
Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5.6 million for the first quarter of 2020, down from $9.5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent...
45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving
17.5.2020
On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are...
Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue
10.5.2020
The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U.S. Securities and Exchange Commission (SEC) for initial public offering (IPO) status....
Mining Sector Sees Extreme Volatility Amid Coronavirus and Crash During Q1
2.5.2020
TokenInsight reports that Q1 2020 saw significant hash rate volatility and some mining farms fell into negative performance
Miner Survivability Post-Halving: A Hash Rate Comparison
2.5.2020
Poolin releases figures showing current hashrate distribution in the lower quartile to calculate miner capitulation after the halving of Bitcoin’s block subsidy
Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm
29.4.2020
The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable...
Bitcoin Mining Equipment Maker Ebang Files $100 Million IPO for US Stock Market Listing
26.4.2020
Bitcoin mining chip maker Ebang International Holdings Inc. is seeking to raise up to $100 million through an initial public offering (IPO) in the U.S. The Chinese company will sell Class A ordinary shares of nominal value HK$0.001 (US$0.00013) per share if its IPO filing is approved. In a filing...
Next-Generation Bitcoin Mining Hardware Arrives Just In Time For BTC Halving
20.4.2020
MicroBT is looking to expand its further eat into Bitmain’s market share, recently revealing its next-generation 100 TH/s Bitcoin miners at a virtual launch event
Microbt Reveals Two Next-Generation Mining Rigs With Speeds Up to 112 Terahash
18.4.2020
Competition is heating up in the world of bitcoin mining rig manufacturing. Just recently, the Chinese producer Microbt has announced the launch of the M30S++ miner that processes speeds up to 112 terahash per second (TH/s). The news from Microbt follows Bitmain’s announcement at the end...
Bitmain to Compensate its Past Customers After Price Cut
14.4.2020
Customers that bought AntMiners S17+ and T17+ before the price cuts have the right to a partial refund from Bitmain
Bitcoin Going Industrial: New York-Based Natural Gas Provider Sells Fully Compliant ‘Hashpower Contract’
10.4.2020
During the first week of March, news.Bitcoin.com reported on a $65 million investment into the ‘behind-the-meter’ bitcoin mining operation, Greenidge Generation LLC in Dresden, New York. The Greenidge plant operates 7,000 bitcoin miners and on April 8, the firm revealed the sale of...
Bitmain S19 Antminers Sell Out, Won't Ship Until May 11
23.3.2020
With the Antminers set to ship from March 11, Bitmain is facing a wave of accusations that it is front-running its customers
Ethereum Community Enthralled Over Controversial ProgPoW Proposal
10.3.2020
The Ethereum community has been debating a proposal called ProgPoW as many ETH proponents believe the Programmatic Proof-of-Work function will alter the network significantly. The contentious topic has seemed to galvanize the community, with the ProgPoW proposal favored by a significant proportion...
The History of the Bitter Debate Over Ethereum’s ProgPoW
6.3.2020
The ProgPoW controversy pits two factions against each other — the builders of Ethereum vs. the builders on Ethereum
Canaan Faces Class Action Lawsuit Alleging Dubious Practices During IPO
5.3.2020
Rosen Law Firm has filed a class-action lawsuit on behalf of investors in crypto mining hardware producer Canaan
Canaan Used ‘Bogus’ Deal to Attract Investment, Argues Analyst
4.3.2020
Canaan’s revenue promises are based on at least one bogus contract, according to analysts
Ahead of Bitcoin Halving, Bitmain Announces Upcoming Antiminer S19
27.2.2020
As the Bitcoin halving looms, Bitmain releases a new Antminer that will generate 95 terahash per second
How to Mine Bitcoin in 2020
19.2.2020
Bitcoin mining is a great way to earn cryptocurrency while providing a valuable service to the global network of users. Miners can set up a hardware operation by themselves or join forces with a large venture via cloud mining. If you are looking to enter this field in 2020, here is what you need...
312 Crypto Exchanges Registered in Australia, Regulator Confirms
10.2.2020
A growing number of cryptocurrency exchanges have been registered with Australia’s crypto regulator. A spokesperson for the government agency overseeing the crypto industry confirmed to news.Bitcoin.com on Monday that the regulator has already registered 312 crypto exchanges. Also read:...
Coronavirus Outbreak Forces Chinese Crypto ASIC Manufacturers to Delay Orders
3.2.2020
Bitcoin mining rig deliveries from China are delayed due to the coronavirus according to a few Chinese manufacturers. Microbt and Ebang sent notices to customers via the firm’s Wechat channels. Sources say Bitmain and Innosilicon are delaying mining device shipments as well. Also read: How...