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Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower
18.8.2020
The province of Sichuan is well known for being one of the largest concentrations of bitcoin miners on earth because electrical costs are extremely cheap in the region. Data shows that miners using hydropower in Sichuan are paying between 0.065-0.075 yuan or $0.01 per kilowatt-hour. According...
Top Bitcoin Mining Pools See 15% Hash Rate Drop Amid Continuous Rainstorms in China
18.8.2020
Major Chinese bitcoin mining pools are each seeing daily hash rate drops between 10 to 20% as continuous rainstorms in Sichuan disrupt power supply
Two Bitcoin Farmers Stole $1.5M in Electricity in Bulgaria
18.8.2020
Two Bulgarian nationals have been charged with the theft of nearly $1.5M in electricity used to illegally operate crypto mining farms
Nvidia Accused of Trying to Discredit Ex-Employee in Crypto Mining Revenue Trial
17.8.2020
Investors suing Nvidia have opposed a motion from the U.S. chipmaker that would shut out the testimony from an ex-employee
Bitcoin’s Hashrate Hits Record High 130 EH/s, as BTC Price Faces Resistance at $12,000
17.8.2020
Bitcoin’s seven-day average hashrate has reached a new all-time high of 130 exahash per second (EH/s) – a feat that might positively influence the asset’s price, while adding to the fundamental strength of the Bitcoin network. According to the latest data from charts.Bitcoin.com...
Bitcoin Mining Firm Layer1 Accused of Copyright Infringement
17.8.2020
Layer1 — a Bitcoin mining firm backed by PayPal co-founder Peter Thiel — was accused of copyright infringement
Is Asteroid Mining Really Our Best Argument for Bitcoin Over Gold?
16.8.2020
After a Winklevoss encounter highlights Elon Musk’s space mining dreams, maybe we should remind ourselves of the right-here-at-home benefits bitcoin brings
Bull Runs, Mining, and Tor Attacks: Bad Crypto News of the Week
16.8.2020
Check out this week’s Bad Crypto podcast
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...
Bitcoin a Hedge Against Elon Musk Mining Asteroid Gold, Say Winklevoss Twins
14.8.2020
The Winklevoss Twins apparently think that space mining is just around the corner
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
Daily Profitability for Ethereum Miners Hits Over 2-Year High
13.8.2020
The surge in profitability comes after rises in transaction fees and prices of the ether cryptocurrency
Malaysian Crypto Miners Were Caught Stealing Electricity From the State
12.8.2020
They thought they had it made, but the Malaysian authorities were one step ahead
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