Chinese crypto mining giant Bitmain’s hashrate drop may be a direct result of the selloff of over 100,000 S9 mining machines amid the recent bitcoin rally, according to a local crypto media Odaily. As per the company’s hashrate disclosure updated on May 7, the hashrate of all Bitmain-own...
On April 28, Bitmain, the world’s leading bitcoin mining hardware manufacturer, launched its latest mining model, the Antminer T17, which promises high-cost performance among its Antminer 17 series. https://twitter.com/Antminer_main/status/1122319523489755136 According to the company’...
The latest bitcoin rally has not only bring the crypto market come to life but also hackers. Tencent Security reported on April 23 that the Blouiroet mining Trojan has been detected active in many countries, among which Russia, Ukraine and China are the hardest hit. Blouiroet is a troja...
The recent bitcoin rally has driven bitcoin mining profits on continual growth. Profits earned from bitcoin mining have seen obvious rise since the start of this April and hit a near-half-a-year high on April 15. (source: BCtrend) According to crypto analyst Alex Kruger, the breakeve...
Construction company turned crypto mining firm Huatie HengAn has recently been sold at the price of around 12 million yuan ($2 million), after witnessing its value plunge more than 90% from the initial 170 million Chinese yuan ($25 million) in less than one year. Started as a subsidiary of ...
The China-based mining machine manufacturer MicroBT on April 13 revealed specs of its latest ASIC mining model – bitcoin miner WhatsMiner M20S, with a maximum hashrate of 72 TH (trillion hashes) per second at power consumption of 48W/T. As the crypto market seems to be spring...
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...
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...
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...
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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