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Bitcoin Mining in Iran Still Among the Most Profitable Despite Energy Price Increase

Jul 22, 2019

Iran has come to a final decision about its tariffs for cryptocurrency mining, which is now awaiting final approval from the Cabinet, according to a report from Iranian economic daily Financial Tribune. Energy Minister Homayoon Ha’eri made the statement on July 21 that authorities have...

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Unconfirmed: Bitmain Ordered 30,000 7nm Wafers from TSMC

Jul 15, 2019

Chinese bitcoin mining giant Bitmain has placed a large order of 30,000 7nm wafers from TSMC, the world's largest dedicated semiconductor foundry, according to people familiar with the matter. An industry insider took to Weibo (Twitter equivalent in China) that Bitmain had ordered 30,0...

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60000 Bitcoin Miner Virus Emerge Every Day in China over the Past Half Year

Jul 12, 2019

Bitcoin miner virus wake up in China as the bitcoin price surging. About 150000 bitcoin miner virus emerge every day in the early period of 2019. And it keeps 60000 bitcoin miner virus since April. For example, the "shadow" mining Trojan virus has been constantly updating itself since its ...

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Iran Crypto Miners Scramble for a Share of Chinese Mining Machines

Jul 11, 2019

Recently, crypto mining machines are hard to get in China due to the rising hashrate of bitcoin, a measure of how hard it is to compete for mining rewards on the world’s first blockchain network – has posted its largest two-week increase in 12 months. Not only Chinese domestic miners snap up t...

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13 Chinese Men Arrested for Stealing 20 Million Yuan Worth Electricity to Mine Bitcoin

Jul 11, 2019

Authorities in Zhenjiang, a city in east China’s Jiangsu Province, have arrested 13 men after they reportedly stole electricity worth more than 20 million yuan (roughly $3 million) to mine bitcoin. Bitcoin mining machines in local factories The power authority of Zhenjiang noticed an ...

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Chinese Bitcoin Miners Request Iran to Allow Them to Mine Cryptocurrency in the Country

Jul 10, 2019

Chinese cryptocurrency miners have made requests to Iran government through official channels for their cryptocurrency mining operations in the country, reported Iran press PressTV. According to Mohammad Sharqi, managing director of Iran Blockchain Association, a nonprofit community w...

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Chinese Crypto Miners are Exploiting Iran’s Cheap Electricity

Jul 8, 2019

Chinese Bitcoin miners are relocating to Iran. Despite lacking concrete evidence supporting this, the low price of electricity is encouraging the supposed exodus. According to local news publication, PressTV, Iranian government minister Mohammad Javad Azari Jahromi claims that the s...

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Chinese Crypto Miner Maker Didn’t Compensate Dealers for Delayed Delivery

Jul 5, 2019

Innosilicon, a China cryptocurrency mining machine manufacturer didn’t compensate dealers for delayed delivery, even replacing high-hashrate with low-hashrate bitcoin miner without any compensation. Innosilicon is a China-based semiconductor manufacturer known for making cryptocurrency m...

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Crypto Mining Giant Bitmain Completed Employee Stock Options Plan, Its U.S IPO Is Approaching

Jul 5, 2019

Chinese cryptocurrency mining giant Bitmain has completed signing the contracts of employee stock options with its employees in late June, prepared for the company’s approaching U.S. IPO. According to a report from local financial news outlet Jiemie, citing people with knowledge of the...

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Secondhand Crypto Mining Machines Doubled Price for Short of Capacity in China

Jul 1, 2019

Crypto mining machines are under capacity in China after bitcoin surging price. Chinese mining machines manufacturers, including PandaMiner, Bitmain, ,Ebang, Canaan have sold out their products. " Our main business is graphics  card mining machines, at present mining machines in our offic...