As the price of Litecoin (LTC) surges dramatically since the Lunar New Year celebrations in early February, the Bitcoin mining giant Bitmain jumps at the chance to reduce its Antminer L3 inventory. Attribute to Litecoin’s second halving which is months away, LTC has surged ove...
On Mar 11, the Securities Times reported that, according to people with knowledge of the matter, Canaan Creative, China’s second-largest maker of Bitcoin mining hardware, has just received hundreds of millions of US dollars through a new funding round. After the fundraising, Canaan now ...
China-based Ethereum mining pool Sparkpool has verified the sender of an abnormally high transaction fees and agreed to return half, according to a statement from Sparkpool. On February 25, 6 days after Sparkpool received the 2,100 ETH(worth $300,000 at the time) reward for mining one ...
Although the current crypto market activity is spiking, the volumes are will lackluster when compared to those seen at the height of 2018’s speculative mania. The long-term crypto winter doesn’t seem to end in a short time while miners can be easily lured in low electricity scam in this situatio...
The bitcoin mining giant Bitmain has deployed 100,000 mining rigs in Southwest China's Sichuan Province two months before the arrival of the wet season, betting cheap and abundant hydroelectricity this summer in the region will make their mining business profitable again, according to blockcha...
The long-awaited Constantinople and St. Petersburg network upgrades has successfully activated on the Ethereum blockchain,the world’s second largest crypto project by market cap, at 19:57 on February 28 (UTC) without incident, paving the way for Ethereum towards its Proof-of-Stake(PoS...
“Large amount of bitcoin mining machines shut down during Sichuan’s dry season will start running again in the upcoming wet season. The number is expected to reach 1 million.” A miner named Xu Feng said. Xu has been a mining farm operator for over 5 years in Sichuan. Last October, Xu ...
18 investors allegedly lost 12.7 million yuan ( $ 1.89 million) in China’s biggest crypto mining fraud in 2018 which was initiated by a notable photovoltaics (PV) company, blockchain-focused media 31 Degree North Latitude Pro reported on Feb.20. Rijing Photoelectric (青海日晶光电有限公...
Bitmain, the demonstrated Beijing-based Bitcoin mining manufacturer at the center of the media storm recently relating to its mass layoffs, shrinking operation, and difficulties related to its IPO process. Of late, some sources disclosed that the company has just completed a new round of layo...
The Chinese bitcoin mining giant Bitman has announced its new 7nm ASIC chip that claims to deliver breakthrough energy efficiency, according to an official blog post published on February 18. The improved 7nm chip dubbed the BM 1397 is said to make improvements in performance, chi...
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