Previously reported that Ethereum is expected to implement the controversial EIP 1057, ProgPow, in July, changing its mining algorithm in favor of GPU mining. However, according to A Jian, the editor in chief of Ethfans, the EIP-1057 protocol involving ProgPow was not without ...
Just like the California Gold Rush almost two hundred years before in the United States, there is another group of “miners” competing the scarce resources, Bitcoin, in Sichuan province, China, geographically similar size as California. If treated as a currency, there are no other cur...
"After waiting for a long time for bitcoin halving, my store couldn't open. Colleagues all went to WeChat moments to sell breathing masks and disinfectants for the ordinary expense." In eyes of Miss Hu, a mining equipment vendor in Huaqiang North – China’s No.1 electronics street and wo...
Canaan, leading bitcoin mining hardware maker, has seen its stock price surge by more than 80% on Wednesday February 12, closing at $8.04 per share. Compared to the previous average trading volume of 250,000, more than 11 million shares have traded hands. The China-based bitcoin mining m...
Abundant coal, natural gas, cheap electricity, and sparsely populated and vast territory are making countries of Central Asia a perfect fit for bitcoin mining. Compared to the thermal power cost of over $0.06 per kilowatt hour in China, an average electricity rates of $0.03 per kilowatt hour...
Crypto Mining with video cards is the basic method to extract digital treasure, and the top-level video (card graphics card) is essential equipment for miners. In the early years, bitcoin mining was a small investment brings a ten thousand-fold profit. But with the increase in the number of m...
The coronavirus controls and possibly extended outbreak are taking a toll on bitcoin mining farms in China where an estimated 65% of global bitcoin hashrate is located. Jiang Zhuo’er, founder of mining pool BTC.Top, posted a weibo (Tweet equivalent in China) on February 4, complaining...
The price of bitcoin mining machines is expected to rise in the following two months due to the coronavirus quarantine in China which is home to top crypto mining hardware manufacturers. Leading manufacturers of crypto mining hardware including Bitmain, Canaan, Innosilicon and MicroBT have...
Bitcoin mining pools earned an average of over $4.28 million from bitcoin transaction fees in 2019, with BTC.com making the most of more than $26.22 million, according to a report by Chinese crypto media outlet PANews. The report pointed out that seven major bitcoin mining pools includin...
TSMC released its fourth-quarter results yesterday. Despite its poor first-half results, the company rebounded in the second half, with a net income of $10.39 billion at the end of the fourth quarter, exceeding performance expectations by more than $100 million. TSMC attributed 8.3% growth ...
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