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Bitcoin Mining Support in Sichuan Attracts Too Much Attention – Fresh Crackdown Ahead?

May 22, 2020

The Chinese province of Sichuan, the world’s bitcoin mining capital, has reportedly asked local governments to guide bitcoin mining operations to make an orderly exit from the business. According to the leaked document online, it says that some companies are taking advantage of and overly ad...

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Bitcoin Miners in Sichuan Turned off for Electricity Shortages as Rainy Season Delays

May 21, 2020

Some bitcoin mining farms in the Chinese province of Sichuan have been reportedly turning off their mining machines due to electricity shortages A local government notice released on May 18 indicates that the electricity load within the region has increased by 22% since May, meanwhile, wate...

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Poolin Continues Months-Long Decline While F2Pool Grows

May 19, 2020

The last few days have seen Poolin continue to lose considerable hash rate contribution in line with its gradual decline in the last months while F2Pool swells in size, according to the latest chart of mining pools. Once considered one of the top three Bitcoin mining pools despite being a new...

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8btc Officially Launched “Crypto Mining Farm Selection”

May 19, 2020

On May 15, ‘8btc Crypto Mining Farm Selection’ was officially launched, which is a mining resource match-making platform for serving mining farms and miners. It allows miners to find the mining farms they hoped and the mining farms to effectively publicize themselves. On the one hand, t...

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45 Types Crypto Miners Reach ‘Shutdown Price’ After BTC Halving, the Value of Bitmain S9 Plummets

May 15, 2020

The Bitcoin blockchain has experienced its third block reward halving. However, 45 types of crypto mining machines reached the shutdown price overnight, which means they were not able to cover the cost when they are turned on. The price of the best-known Antminer S9 dropped to 100 Chinese yua...

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China’s Speeding Up “Legalizing” Bitcoin Mining as Cities in Sichuan Show Support

May 14, 2020

Government authority in China’s Sichuan province known as the world bitcoin mining capital has recently convened a seminar in a bid to encourage cryptocurrency mining operations to help consume excessive hydroelectricity and make up for the economic losses caused by the coronavirus outbreak. ...

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50% Ethereum Network Hashrate Will Escape? DAG Issue is Rather Troublesome

May 13, 2020

The DAG file of Ethereum 4G graphics card is almost full, which means that 4G graphics card can no longer be used to mine. Ethereum may face the problem that 50% - 60% of its network hashrate will escape. It may be the most concern of miners as it costs a lot to upgrade 4G video memory ...

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Mysterious Chinese Bitcoin Mining Pool Rises to the Sixth Largest After the Halving

May 13, 2020

A new china-based bitcoin mining pool named Lubian.com has accounted for 6.2% of the global bitcoin hashrate, just three weeks after processing its first block. The pool is currently the sixth-largest bitcoin mining pool with a 7.32 EH/s hashrate, according to btc.com. The mysterious pool, ...

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Bitmain Drama Continues with the Company’s Business License Robbed and Jihan Calling Micree Bullshit

May 8, 2020

Bitcoin mining giant Bitmain's power struggle has been intensified as previously ousted co-founder Ketuan Zhan was mobbed when he was authorized to get the company’s business license. On Friday morning, the ousted co-founder of Bitmain, Micree Ketuan Zhan, was reportedly surrounded by...

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Survival of the Fittest post Halving : Miners will have to evolve or surrender

May 4, 2020

According to one of the largest Bitcoin mining pools on the market, Poolin, Bitcoin’s upcoming halving could shut down at least a sixth of its miners.  With the halving set to happen in less than two weeks, the crypto industry has been rife with discussions on how the monumental event will...