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Things are Looking Blue for Chinese Crypto Miners’ Northward Migration

Sep 17, 2019

Chinese crypto miners make a round trip (south-north) to pursue cheap electricity every year. However, things are looking blue for northward migration this year, the country’s regulation and off-capacity of northern mining camp are getting in the way. The wet season in Sichuan, a southern p...

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BTC.com’s Position of Dominant Bitcoin Mining Pool Is Threatened by Poolin

Sep 17, 2019

On September 16, BTC.com, the mining pool of Bitmain, lost its years’ long first place to another China-based mining pool Poolin whose real-time hashrate read 13,378.00 PH/s at some point. BTC.com, supported by the advantages of Bitmain’s bitcoin mining machines, has been the lar...

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Bitmain’s New Antminer 17 Miners Snapped up in Minutes, Bitcoin Hashrate Go Higher?

Sep 10, 2019

Crypto mining giant Bitmain has launched two new Antminer 17 miners to the eager market on September 9. A day before the announcement, data from statistics and wallet provider Blockchain showed that Bitcoin hashrate has topped 94 EH/s to hit 100 EH/s. Bitmain’s new miners The two...

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Grin ASIC Miner to be Delivered in October, Hashrate is Expected to Test New High

Sep 4, 2019

Grin Asic Miner G 1 PLUS and G 1 MINI testing and product supply chain went smoothly. The core components of the chip and IP have been successfully manufactured. The first batch of Grin miners will be delivered in October as MiroComputer revealed. As the G 1 PLUS miners...

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15 Chinese Arrested for Bribing Internet Café Administrators to Mine Crypto

Sep 3, 2019

Police in Henyang, a city of south-central China’s Hunan Province, has arrested fifteen men suspected of stealing electricity from Internet café to mine cryptocurrencies, according to a report by local media. During the past four months from June 2017 to July 2019, the cryptocurrenc...

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TSMC Is Accused of Multiple Infringements, 7nm Bitcoin Miner Capacity May Be Affected

Aug 28, 2019

It is reported that GlobalFoundries (GF) filed multiple lawsuits in the United States and Germany on August 26, accusing TSMC’s semiconductor technology of infringing 16 GF patents, and expecting the U.S. trade authorities to ban the import of infringing products manufactured by T...

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Bitcoin Mining Farms in Sichuan Are Threatened By Raging Flooding Again

Aug 21, 2019

Recent floods in SW China’s Sichuan have caused a lot of damages to cryptocurrency mining operations in the area, though the damage has not been that serious so far like the situation last year, according to sources. The heavy rainfalls in the region have lasted for days starting from Aug...

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Grin ASIC Miner is Coming Soon at Price Around $20000

Aug 7, 2019

It is reportedly that crypto miner manufacturers including Vidtoo, Innosilicon, Obelisk are planning to launch ASIC miner for Grin this summer. Known as a crypto without ICO, pre-mining and investors, Grin was in its heyday in the early 2019. Since January 16th, Grin’s price hav...

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Chinese Bitcoin Mining Giants Have a Long Journey to Go Before Going Public

Aug 5, 2019

It is reported that Canaan Creative, one of the world’s largest bitcoin mining machine manufacturer,  has already sent its application to the SEC. As the first Chinese bitcoin miner giant filed for U.S. IPO, it is not the first time for Canaan to filed IPO application. This ha...

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Bitmain’s Financial Figures Exposed ahead of U.S. IPO: Lost $310 Million in Q1, Expects Sales Explosion in H2 2019

Aug 2, 2019

Chinese bitcoin mining giant Bitmain has reported losses of $625 million in the first two months of 2019, but the company turned a profit in March with a net profit standing at $315 million and has seen great growth in miner sales since then, according to a report by a local WeMedia (publicatio...