China, home to more than half of the world’s bitcoin mining capacity, plays an important role in the bitcoin mining ecosystem. With bitcoin showing wild price swings, 2020 has been a rollercoaster for the industry where the world’s largest cryptocurrency is minted in the country. In the firs...
China controls the supply for dominant cryptocurrencies through mining operations. At the end of the year, we’ve tried to round up some of the most important events that have had big impacts on bitcoin miners. March 12’s bitcoin crash On March 12, bitcoin suddenly plunged to below $4,00...
As bitcoin skyrocketing to record-high to $24000, Antminer S9 is once again popular in the market. At present, the latest prices of the second-hand Antminer S9 have been above 250 Chinese yuan. 20 days ago, the price of the machine was only about 110 Chinese yuan, which has doubled in such a...
Bitcoin price hitting an all-time high of more than $20,000 over the past few days has drawn much attention to bitcoin mining - the activity that the world’s largest cryptocurrency is minted. Generally, bitcoin mining difficulty will increase as price surges. While the mining difficulty has b...
Recently, due to the shortage of electricity supply, China’s Sichuan province has cut off electricity supply to local crypto miners. Other provinces in South China also implement emergency power rationing measures. The price of coal which is the raw material for thermal power plants, has ...
The crypto mining hardware industry is still dominated by a few players because the sector needs an innovative approach for new players, the CEO of Canaan, the second largest designer and manufacturer of Bitcoin mining machines globally has said. Nangeng Zhang notes that with innovation b...
Ethereum mining industry comes to a frenzy as the ETH price previously hit about $620 record high. At least 10 Chinese companies are trying to develop new Ethereum mining machines. Rumors about Bitmain's ETH miner E9 and FPGA are rampant In July 2020, the monitoring data sho...
Bitcoin miners in China’s Yunnan province have decried yet another crackdown by government authorities targeted at their activities. This time, it is reported that electricity producers have been ordered to cut off power supply to crypto mines located in the province. Yunnan is the third la...
On the night of November 24, bitcoin hit $19424, just $451 away from its record high. As an essential part of bitcoin ecology, have bitcoin miners make a fortune? We collected some interesting data and interviewed some core mining practitioners in China to talk about the profitability of bit...
Despite the massive state-wide effort to promote the development of blockchain technology, not every aspect of the crypto and blockchain industry in China is seeing the same rate of progress. While cryptocurrency ownership has been somewhat contested in China, the country managed to become the w...
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