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Category Archives: Mining

China’s Inner Mongolia Region Might Ban Crypto Mining

Mar 3, 2021

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...

Bitcoin Miner Manufacturers in China See Huge Surge in Demand

Feb 25, 2021

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 ...

Chinese Firms Pursue Interests in Canada’s Crypto Space

Jan 21, 2021

Olusegun Ogundeji

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...

New Player to Join China’s Crypto Mining Space  

Jan 15, 2021

Olusegun Ogundeji

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 ...

Chinese Bitcoin Miners Fear Another Price Dump

Jan 14, 2021

Vincent He

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...

Bitcoin Mining Difficulty Hits Record High Amid Price Rally

Jan 12, 2021

lylian Teng

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....

Are Chinese Bitcoin Miners Being Marginalized?

Jan 8, 2021

Vincent He

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...