With Ethereum's Merge to Proof-of-Stake (PoS) drawing nearer - projections put it between September and November - miners are starting to look for an alternative. While some reports say there is nearly $5 billion worth of graphics card mining machines and ASIC Ethereum mining machi...
The crackdown on Bitcoin mining and other cryptocurrency activities in China has left a significant mark on the entire blockchain and cryptocurrency industry. China used to be the global Bitcoin mining hub, with over 65% of the global hashrate emanating from within the country. Things have cha...
Against Ethereum core developers’ suggested September 19 new timeline for The Merge upgrade, top Chinese miner and the founder of crypto mining pool BTC.TOP, Jiang Zhuoer, has reiterated his view that the date will be postponed. At their 91st bi-weekly meeting about consensus laye...
The drop in the price of Bitmain mining machines could have contributed directly to the woes of crypto lending firm, Celsius Network LLC (CNL), and its bankruptcy filings have shown. The use of borrowed funds to buy Bitmain’s high-priced mining machines added to the platform’s accum...
A massive sell-off of cryptocurrency mining GPUs has been reported among Chinese miners, and they are observed to be selling them at significantly low prices. Non-profitability of cryptocurrency mining has been identified as the main reason for this development. According to reports, NVID...
Poolin mining pool has disclosed it is building two data centers that have been under construction in Texas where Bitmain's S19 PRO+ water-cooled miners are being used. The use of the hydro-cooling products makes Poolin, which also provides cryptocurrency mining services, the first to...
The anti-Bitcoin mining movement that started in New York seems to have gradually found its way to the centre of the U.S. government seat, Washington. Reports say the U.S. government is now working on policy recommendations to lower cryptocurrency mining’s energy consumption and emission...
Despite starting the year in "an increasingly unpredictable environment" due to macroeconomic uncertainties and logistic disruptions caused by the COVID-19 pandemic, China-based chip producer, Canaan, says it recorded an increase of 119.1% in total computing power sold in Q1 2022 as comp...
China may have been gone for a while but is back in the Bitcoin mining fold, as the Cambridge Centre for Alternative Finance (CCAF) has shown with its new mining map data. Covering September 2021 to January 2022, the CCAF states that the US grew to be responsible for producing 37....
Recent reports reveal that China retains the second spot in the rank of nations with the highest hash rate in Bitcoin mining. This is a contradiction to the assumed and somewhat expected outcome, considering the anti-cryptocurrency campaign that was carried out in the country for most of 2021. ...
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