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Price War Start Against Mining Operators in Sichuan As Supply Far Exceeds Demand

Apr 12, 2019

The former director of Bitmain’s mining farm once said the wet season may not be the final straw for miners. As he expected, mining farms in Sichuan currently reported that the supply of slots for mining equipment has far exceeded the demand. The wet season in Sichuan usually begins in Ap...

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China’s Proposed Ban on Bitcoin Mining Could Be a Boon for Smaller Miners in the ‘Gray Zone’

Apr 11, 2019

A proposal by China’s top economic planning body to eliminate bitcoin mining in the country has caused quite a stir in the crypto world. Some insiders believe the regulation of mining  could help smaller miners who operate in provinces with cheap electricity gain a competitive edge. The...

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Learn About This Bitcoin Mining Utopia – Where Electricity Costs $0.006 per kWh

Apr 10, 2019

Many Chinese crypto miners have migrated to places with cheap electricity and favorable policy on offer, as a result of the escalated government crackdown on cryptocurrency and its production process. With the rapid downfall of bitcoin in late 2018 and increasing electricity bills, Chinese mi...

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Bitmain and Canaan Said China’s Proposed Mining Ban won’t Impact their Operation

Apr 10, 2019

April 8, China’s state economic planning agency, the National Development and Reform Commission (NDRC) released a draft version of the 2019 Directory Catalogue on Readjustment of Industrial, in which crypto mining has been included in a list of sectors it plans to eliminate. Accor...

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Former Director of Bitmain Mining Farm: Wet Season May Not be the Final Straw for Miners

Apr 9, 2019

As Bitcoin starts to make a major leap within the past week, crypto enthusiasts can all take a breath to celebrate the bullish market. Miners can’t wait to turn on their mining devices to make money after a depressing bearish time. Yu Wei, former director of Bitmain mining farm in China’...

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Bitmain Reveals Specification of Its ‘Profitable’ Antminer 17 Series

Apr 8, 2019

Bitmain, the world’s largest Bitcoin miner manufacturer has revealed specifications of its Antminer 17 series machines which will be globally released on 9 April 2019. The new mining equipment in the 17 series would include Antminer S17, Antminer S17 Pro, and Antminer T17. According...

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ASICs as an Open Platform, Bring Power Back to the People

Apr 8, 2019

NB: This story comes from my involvement in several Telegram chats with people working to pry open hardware platforms that have been intentionally closed by their makers. It should absolutely be understood as advocating for a certain point of view with regard to how software should work on AS...

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Canaan Unveils 50W/T Bitcoin ASIC Miner Avalon A10 for the Upcoming Wet Season

Mar 29, 2019

Canaan Creative, the world’s second largest manufacturer of bitcoin mining hardware, has unveiled its new bitcoin miner Avalonminer A10 after its A9 series hit a success. The A10 model is boasted as a competitive edge for bitcoin mining in the upcoming wet season. The Avalon team claime...

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Bitmain Adjusts its Business Strategy After a Failed IPO

Mar 29, 2019

Chinese crypto mining giant Bitmain has confirmed its application for an initial offering (IPO) on the Hong Kong Stock Exchange (HKEx) officially expired and revealed the appointment of their new CEO in an internal letter on March 26. In late 2018, Bitmain laid off a couple of d...

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Demystify Bitmain’s New CEO Haichao Wang

Mar 28, 2019

March 26, the world’s leading cryptocurrency mining equipment manufacturer Bitmain has officially announced the end of its “co-CEO” era, confirmed the appointment of Haichao Wang as the new CEO. “Mr. Haichao Wang has been appointed as CEO of the company. Haichao not only has e...