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F2Pool Founder Says ‘Shutdown Price’ of Antminer S9 Has Dropped to $3260 After Bitcoin Mining Difficulty Plummets

Dec 6, 2018

Bitcoin’s mining difficulty saw its second largest decline on record on December 3, which pushes Bitcoin mining breakeven price lower and brings a little relief to the suffering crypto miners. Data from major Chinese mining pool BTC.com shows a 15.13 percent decline in bitcoin’s mining ...

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No More than 60% Miners Remain in China, 80% of Them Center in Sichuan

Dec 3, 2018

Crypto miners suffered a lot from the recent market crash, especially for those located in regions with high power cost, for example, China. It was reported that many Chinese miners have shut down their mining machines as the mining profit cannot cover the electricity cost. In the previous w...

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ASUS Partners With Quantumcloud To Use Idle Graphics Cards To Mine Cryptocurrency

Nov 30, 2018

ASUS, the Taiwanese computer-hardware manufacturer, has announced a partnership with Quantumcloud, in an effort to turn idle graphics cards into cryptocurrency miners. The tech giant announced on Nov 29 that it has teamed up with Quantumcloud, a startup with a software solution that allo...

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Bitmain Faces a $5 Million Lawsuit for Unauthorized Crypto mining

Nov 28, 2018

Of late, Bitmain, the dominated mining hardware manufacturer, has been involved into a $5 million lawsuit. According to Gor Gevokyan, a resident from Los Angeles, the bitcoin mining giant used customers resources to mine cryptocurrency. According to NEWSBTC, the Northern Califor...

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AntPool Stars to Pay BCH ABC Payment as well as the BSV Candy

Nov 28, 2018

Bitcoin Cash, the fourth largest cryptocurrency in market cap, has forked into BCH ABC and Bitcoin SV (BSV) on November 15, 2018. The disagreement behind the hard fork has been considered as one of the main perpetrators of the recent crypto market crash, and now the dust has finally ...

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Who Is Buying Those Obsolete Bitcoin Miners Dumped at $20/kilo in China?

Nov 27, 2018

Following the recent crypto market crash, many China-based crypto miners are offloading their mining equipment and reselling them like scrap by the kilos instead of price per unit. Reports of mining rigs being sold by weight have been spreading like wildfire within and outside of the country. ...

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Heyday of Bitcoin Mining Rigs Business at China’s Huaqiangbei is Over Amid Crypto Market Carnage

Nov 23, 2018

Bitcoin price slumped to a 13-month low of about $4,300 on Wednesday, making mining the world’s leading digital currency an unprofitable business. A lot of mall miners, mining rigs dealers and mining hosts in China have to make a career change, with some having a side job to sell shoes and sil...

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Bitcoin Miners Sold by Kilo in China Amid Cryptocurrency Crash

Nov 21, 2018

The leading cryptocurrency bitcoin once fell below $4,300 on the afternoon of November 20, hitting a 13-month low since October 2017. Great losses are seen across the broader crypto market. Many miners in China have shut down their mining machines especially their older models amid the red ...

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Nvidia Lost $23 Billion Overnight, Should Crypto Bear Market be Blamed for?

Nov 20, 2018

November 16, Nvidia, the largest graphic card and chip manufacturer in the world has launched its financial report for Q3. Surprisingly, its Q3 revenue is only $3.18 billion, failed to achieve the $3.24 billion market expectation. As thus, many investment banks have lowered their price targ...

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F2Pool Founder : Bitcoin ‘Halving’ 2020 Will Have Very Little Impact on the Ecosystem

Nov 20, 2018

Although Bitcoin was down over 13 percent to below $4800 today, hitting a fresh 13-month low, some crypto investors still hope the biggest cryptocurrency could reach its peak somewhere between $100k and $200k in 2020 when the Bitcoin reward halving takes place. However, Mao Shixing...