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Category Archives: Mining

Bitmain Hires TSMC to Produce ASICs Using Its N5 Technology

May 10, 2021

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’s Bitcoin Mining Dominance is Dropping

May 7, 2021

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...

Why Bitcoin Miners May Flee China in 3 Years With 0 Profit

Apr 8, 2021

Olusegun Ogundeji

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, ...

Xinyuan Technology Buys 580M Yuan Worth of Filecoin Miners

Mar 19, 2021

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 ...