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Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices
24.6.2021
While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries....
Winklevoss’ Gemini buys carbon credits to cut Bitcoin’s CO2 footprint
24.6.2021
Gemini has partnered with a non-profit to purchase carbon permits from government-related cap-and-trade markets and erase them from circulation
After Years of ASIC Manufacturing Canaan Expands to Bitcoin Mining in Kazakhstan
24.6.2021
Canaan Inc., the crypto mining rig manufacturer based in Beijing, has announced the company plans to mine cryptocurrencies in Kazakhstan. The company says that the firm’s next-generation Avalonminer mining rigs are already deployed in the world’s largest landlocked country. Canaan Joins...
Here’s What China’s Bitcoin Mining Crackdown 2.0 Looks Like
23.6.2021
Chinese crypto miners are reluctantly calling it a day – with reports of miners nationwide shuttering their operations, going offline, and either selling their equipment for reduced prices or relocating overseas.
The alacrity of Middle Kingdom’s Crypto Crackdown 2.0 has blindsided many, although...
Bitcoin’s Hashrate Drops Below 100 Exahash, Observers Describe China’s ‘Great ASIC Exodus’
23.6.2021
Most of the crypto community has been focused on the developments in China and more specifically, the crackdowns against bitcoin miners in Inner Mongolia, Xinjiang, Qinghai, Yunnan, and Sichuan. On Wednesday morning (EST), Bitcoin’s overall hashrate has continued to drop and is now below...
Bitmain reportedly suspends Bitcoin miner orders amid booming secondhand supply
23.6.2021
By postponing the sales, Bitmain aims to help miners exiting the industry get better prices for mining equipment
Chinese crypto mining firm Canaan sets up shop in Kazakhstan amid crackdown
23.6.2021
Canaan has started mining Bitcoin with its latest Avalon Miner units in Kazakhstan after setting up a service center in the country earlier this month
Chinese Bitcoin miners ‘not even in the mood to drink anymore’
23.6.2021
Many Bitcoin miners in China are down with the blues as Beijing forces several operations to go offline
Bukele Teases Volcano-powered Bitcoin Mining Center as Exchange Arrives
23.6.2021
Source: Twitter/@nayibbukele
Not everybody in El Salvador may be aboard the Bitcoin (BTC) boat – but the nation’s bullishly pro-BTC President Nayib Bukele appears set to press ahead with his crypto plans nonetheless, with an overseas exchange opening its doors for business and a “sneak peek” at...
Waste Coal-Converting Bitcoin Miner Stronghold Digital Mining Raises $100 Million
23.6.2021
On Tuesday, Stronghold Digital Mining, Inc., an ESG-friendly cryptocurrency miner announced it has raised $105 million in two private equity securities funding rounds. Stronghold’s operations convert waste coal into alternative energy in order to mine bitcoin and other cryptocurrencies....
US miner raises $105M to recycle waste coal into crypto
23.6.2021
Stronghold Digital Mining has raised more than $100 million in two private placements supporting its model for sustainable Bitcoin mining
As China Cracks Down on Bitcoin Miners, Stealth Miners and Mystery Hashrate Return
22.6.2021
While on the surface it seems officials from five provinces in China have been cracking down on bitcoin miners, no one is quite sure how much hashrate is moving, which pools are affected, or where these miners will end up. A number of mining pools have seen hashpower percentages decline...
Bitcoin price clings to $32K as on-chain metrics hint at further downside
22.6.2021
China’s continued crackdown on Bitcoin mining and OTC transactions, along with prolonged technical weakness, triggered BTC’s drop to a 6-month low
With crypto mining banned in Iran, local authorities seize 7K rigs
22.6.2021
The police chief of Tehran said authorities had raided 50 locations across the Iranian capital in the last 48 hours, discovering 3,000 illegally operating crypto miners
Iran Seizes 7,000 Bitcoin Mining Machines
22.6.2021
Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting...
StormGain Levels Crypto Mining Playing Field to Billions of Smartphone Users
22.6.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
The concept of cryptocurrency mining has a somewhat negative connotation to it these days. Many people see it as a waste of electricity as it requires dedicated and expensive hardware. But what if that was...
A ‘seismic mining shift’ may be driving Bitcoin price below $30K: Report
22.6.2021
The benchmark cryptocurrency slipped briefly under the $29,500-level this Tuesday as a Glassnode report indicated possibilities of miner capitulation in China
Bit Mining Moving 3,000 Bitcoin Mining Machines to Kazakhstan Following China Crackdown
22.6.2021
Shenzhen-based Bit Mining has started shipping bitcoin mining machines to Kazakhstan as the Chinese government cracks down on bitcoin mining operations in the country. Bit Mining Ltd., a mining company based in Shenzhen, announced Monday that “it had successfully delivered its first batch...
Denied electricity, world's 5th-largest mining pool leaves China for Kazakhstan
22.6.2021
Crypto mining pool BTC.com is leaving China after local authorities withdrew its power supply
China’s crackdown means Bitcoin is working, says crypto miner
22.6.2021
A former crypto exchange engineer believes that China's ban on Bitcoin mining is “fantastic news.”