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Miner Hut 8 Reports Q2 Revenue Plunged 67% to $6.9 Million Due to Bitcoin Halving
15.8.2020
Canadian miner Hut 8 Mining Corp has reported that second quarter revenue tumbled 67% to $6.9 million from $21.2 million a year ago, as Bitcoin’s supply cut in May forced production to decline. The Toronto Stock Exchange-listed company extracted just 795 bitcoin (BTC) in the April to June...
PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement
15.8.2020
Data center power management firm Lancium filed a lawsuit against Layer1 today, alleging that the BTC mining firm’s operations had infringed upon its patent
Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners for $23M
15.8.2020
One of the earliest Nasdaq-listed cryptocurrency mining companies, Marathon Patent Group, announced a new agreement contract with the ASIC mining manufacturer Bitmain. According to the public company, Marathon has agreed to purchase 10,500 next-generation Antminer S-19 Pro models for $23 million....
Chinese Bitcoin Miners Develop Strong Relationships and Crypto Mining Facilities in Iran
14.8.2020
During the last few months, crypto proponents have focused their attention on Iran. The Iranian President Hassan Rouhani initiated a new mining strategy last May, and the government-licensed 14 bitcoin mining farms in July. According to the Chinese mining operation Lubian, it claims to operate...
Marathon Signs New $23M Contract with Bitmain for 10,500 Bitcoin Mining Rigs
14.8.2020
The $23 million purchase will see Marathon's bitcoin mining capacity increase drastically, turning it into one of the largest miners in North America
Friday Pullback? Biggest Bitcoin Mining Pool Sends 800 BTC to Binance
14.8.2020
CryptoQuant warns that a sell-off from Poolin may accentuate downward Bitcoin price pressure in the short term
Mining Firm Hut 8 Reports 28% Drop in Q2 Revenue Following Bitcoin Halving
13.8.2020
Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black
Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus
12.8.2020
Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first...
Why Chinese Miners Won’t Stage a 51% Attack on Bitcoin
12.8.2020
Jameson Lopp explains why attacks on Bitcoin won’t work and that he expects China’s mining dominance won’t last
Riot Blockchain Mined 227 Bitcoin in Q2
11.8.2020
Riot reported a current mining capacity of 556 petahash per second
Riot Blockchain Mined 508 Bitcoin in Q2
11.8.2020
Riot reported a current mining capacity of 556 petahash per second
Bitcoin Mining Difficulty Climbs Again, Miners Selling More BTC
11.8.2020
Bitcoin (BTC) mining difficulty is getting closer to the 17 T zone, as it went up again - meaning, Bitcoin miners' job just got slightly more difficult, while they're spending more of their coins.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up...
Mining Stocks Are Beating Bitcoin in a Bullish Cryptocurrency Market
10.8.2020
Riot and Marathon have rallied 97% and 128% over the past year while Bitcoin as gained 3 percent
Bitcoin’s Hash Rate Remains Flat Despite Major Price Rally
10.8.2020
Bitcoin’s hash rate seems to be feeling the consequences of the drama at Bitmain
China’s Mining Dominance Unlikely to Last: Lopp
9.8.2020
With more chips produced outside of Asia and more countries offering cheaper power, China’s mining dominance may not last said Jameson Lopp
Riot Blockchain Ends Week Up 29%, Hits 2020 High Ahead of Q2 Earnings Report
7.8.2020
The company has gained 70% so far in Q3
Iran One-Ups the United States? Tehran Seeks Crypto Mining Dominance
7.8.2020
Iran’s government OKs power plants mining crypto as the country moves forward with a national strategy for cryptocurrency mining
Authorities Find Illegal Bitcoin Mining Farm in Kyrgyzstan Free Economic Zone
7.8.2020
Government authorities and executives at Free Economic Zone “Bishkek” are reportedly involved in running a large-scale illegal mining farm
Altcoins Account for One Third of Total Crypto Mining Power Usage
7.8.2020
An analysis of the 20 largest crypto assets by market cap determined that Bitcoin mining accounted for only 66% of total power consumption
Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control
7.8.2020
Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker...