The huge price increase most cryptocurrencies have experienced since the beginning of the year has made cryptocurrency mining one of the most profitable industries today. As the prices of Bitcoin and Ethereum reached their all time highs, miners began turning insane profits that haven’t been se...
China is gradually losing its grip as the dominant hashrate custodian for Bitcoin as new miners have started setting up rigs in other parts of the world. Some of the originally resident miners in China are also relocating. Right from the early days, most of the network effect that sustai...
After five founders partnered to launch Genesis Digital Assets as a brand that seeks to build and manage industrial-scale Bitcoin mining operations, the company placed orders worth US$93.63 mln with the second largest designer and manufacturer of Bitcoin mining machines globally, Canaan, to...
Earlier this month, the crypto industry was caught off-guard when the Bitcoin hash rate, the overall computing power of the network, saw a steep decline in a matter of minutes. Data from various blockchain explorers showed that the hash rate of some of the largest mining pools in China saw a ste...
Jihan Wu, the co-founder of Bitmain, the world’s largest Bitcoin mining hardware manufacturer, recently spoke at an online event where he shared his thoughts on the cryptocurrency mining industry. The conference was hosted by BitDeer.com, a global leader in digital asset mining and cloud ser...
Chia, a decentralized storage network founded in 2017, has seen its popularity rise in China. The network, which offers a service similar to Filecoin, has launched its mainnet for mining on March 19th, fueling a renewed interest in the ambitious protocol. Just like on Filecoin, mining on C...
The Chinese province of Sichuan has become a Bitcoin mining hotspot in the past few years. Data gathered from local reports and hash rate trackers have shown that the landlocked southwestern province has the highest concentration of Bitcoin mining firms in the entire world. And while neighbor...
Based on a Bitcoin blockchain carbon emission model (BBCE), a new study has put a timeline to when the profit of Bitcoin miners - majority of which are predominant in China - would likely drop to zero. The authors of the paper which has been published in the broad open-access journal, ...
One of China’s leading manufacturers of cryptocurrency mining hardware has announced the launch of a completely new chip that will offset its previous models both by hash rate and efficiency. According to a press release published on March 17th, Ebang, China’s second-largest ASIC-chip ma...
Xinyuan Technology Co., a computer hardware company based in Shenzhen, has just signed a huge deal with Sesumg, a Jiangxi-based electronic component manufacturer. According to a report from AI Express, Xinyuan announced that they have signed a sales contract for a “Distributed Storage ...
English
Chinese
