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Antminer Strikes Back at hAnt Virus Locking up Bitcoin Miners in China

Jan 24, 2019

Antminer, the world's leading Bitcoin mining rig brand, has released a guide to defend against the cryptojacking haunting its user base in China for months long, after ten days 8btc shed light on the new ransomware. Named hAnt, the new ransomware strain was first observed in August of last ...

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HKEx CEO: Bitmain’s IPO Crashing Down by Lack of “Suitability”

Jan 24, 2019

The Beijing-based Bitcoin mining giant Bitmain is facing major headwinds in its attempt to launch an IPO in Hong Kong. On January 23, Cheif Executive Officer of Hong Kong Exchanges and Clearing (HKEx) claimed that Bitcoin mining firms’ IPO could fail due to lack of suitabi...

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Bitmain Reflects on Its 2018 Performance of Miners, AI, BCH Hash War and American Expansion

Jan 22, 2019

Bitmain, the demonstrated Beijing-based Bitcoin mining manufacturer has been at the center of the media storm recently relating to its IPO process, BCH hash war, leadership change, mass layoffs, shrinking operation and more. Everybody says Bitmain had a tough time in 2018 due to the cryp...

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Bitcoin Mining Rigs Are Moved to Sichuan As Wet Season Draws Near

Jan 21, 2019

Some forward-looking bitcoin miners in China have been stocking up second-hand mining rigs these days, prepared for the cheap electricity promised by the upcoming wet season in Sichuan. Sichuan, a mountainous province in southwestern China, is home to numerous bitcoin miners for its abundant...

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Bitmain Abandons Amsterdam Operations, Analyst Says Implosion of Mining Giant has Little Impact on Crypto Miners

Jan 15, 2019

In the past two months, Bitmain is shrinking at a rapid pace. The Beijing-based Bitcoin mining giant has undergone a series of mass layoffs, shut down its entire office in Tel Aviv and halted its mining operations in Texas. This time, they decided to close another overseas office in Amster...

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Ethereum Classic Block Rewards Soar to 200 ETC After 51% Attacker Returns $100,000 in Token to Crypto Exchange

Jan 14, 2019

Ethereum Classic( ETC), the original version of Ethereum network, has recently witnessed an astonishing rise of its miner rewards recently amid abnormal transaction fees . The event comes just three days after the ETC 51% attacker returned $100,000 worth of tokens back to the crypto exchan...

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Mining in Mongolia is Still Profitable, 1000 New Miners set to Launch in 2019

Jan 14, 2019

Mongolia, a landlocked country bordered by China and Russia has emerged as the new destination for cryptocurrency miners with its cheap electricity and cold weather. Even in the bear market, Bitcoin miners in Japan is eyeing the East Asia country for expansion. Of late, the Tokyo based ...

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Bitcoin Mining Giant Canaan Considering U.S. IPO in 2019

Jan 9, 2019

On Jan 8, the Bloomberg reported that Canaan Creative, China’s second-largest maker of Bitcoin mining hardware, is considering an initial public offering (IPO) in the U.S.. Canaan was earlier aiming to raise $1 billion through its IPO as reported by the South China Morning P...

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Former Employee of Bitmain Claimed Its A ‘Good Company’ After Being Fired

Jan 8, 2019

“Despite I was fired, I would still say, it is a good company,” said a former employee of Bitmain. Of late, there are rumors circulating Bitmain, saying that the mining giant is laying off more than half of their workforce. Most people believe that the company has apparently been hit hard...

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5 Men Arrested For Stealing 1 Million Yuan Worth of Electricity to Mine Crypto In a China’s Village

Jan 7, 2019

Police in Harrbin, capital of northeast China's Heilongjiang Province, has arrested five men suspected of stealing electricity worth over 1 million yuan ( about $0.15 million) to mine cryptocurrencies, according to a report by local media. The power authority of Harbin noticed an unusu...