For years, China has been a hotspot for cryptocurrency mining. Lage mining operations have been set up in the country’s northern and central parts, looking to utilize the regions’ cheap electricity and good infrastructure. Some reports estimate that more than half of all Bitcoin’s hash power...
The massive price rally the entire crypto market has seen since the beginning of the year has affected much more than just profits. According to reports from the Global Times, manufacturers of Bitcoin mining hardware have benefited hugely from increased prices. As Bitcoin’s price passed its ...
There is a global shortage of computer chips, and this is posing a problem for many Chinese Bitcoin miners and miners of other cryptocurrencies as well. This is happening at a time when there is a significant increase in the price of Bitcoin, particularly as a result of increased participation ...
Acting on its planned venture into the crypto mining business, The9 has Monday Jan 25 announced that it entered five legally binding Memorandum of Understanding with five Bitcoin mining machine owners who are already deployed in Xinjiang, Sichuan and Gansu in China to purchase their machi...
Despite COVID-19 pandemic continues to impact logistics and the supply of miners from China, Toronto Stock Exchange-listed HIVE Blockchain says it is making delivery of 6,400 next-generation A1246 Bitcoin miners from Canaan to meet its 2021 ASIC capacity goal of 1,000 Petahash...
As talks of MicroBT (Whatsminer maker) planning to go public on the US Nasdaq stock exchange market persist, a Chinese holding company that provides marketing data, technology and solutions has joined the list of new players going into crypto mining. SOS Limited, formerly known as ...
From the second half of the year 2020, things start going like three years ago. After breaking through $10000, the price of bitcoin once skyrocketing to $40000. Long Qin, a bitcoin miner in China, has been persisting in hoarding bitcoins, and the three bitcoins he mined in five years ago hav...
Chinese bitcoin miner manufacturer MicroBT, or Whatsminer maker, is planning to go public on the Nasdaq market, people familiar with the matter disclosed. The Shenzhen, China-based company, is currently the second largest bitcoin mining equipment manufacturer, close behind bitcoin mining...
Along with bitcoin breaking new all-time highs, its mining difficulty also hits a record high. Saturday’s adjustment at block 665,280 marks the biggest increase in nearly 4 months, a 10.79% increase from the December 28 adjustment, putting the metric above 20 trillion for the first time ever....
Without halving, fork, frequent updates of bitcoin's underlying network, when will bitcoin miners have the opportunity to stand on the stage of history? There is a feeling that the mining industry is about to be marginalized, at least away from the center of the industry. Bitcoin is becomin...
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