Read More

Mudslides in Sichuan Province Pose a Huge Threat to Bitcoin Miners in the Region

Jun 18, 2020

While the crypto industry is still trying to regain its strength after being hit hard by the COVID-19 outbreak, Bitcoin could see another major hurdle in the following weeks. The dreaded flood season has begun in China’s Sichuan province, which is home to some of the largest mining ope...

Read More

Crypto Mining Solely A Financial Products for Chinese Individual Miners in Rainy Season 2020

Jun 17, 2020

"For a small miner like me, just invest in to pay the electricity bill, and wait for the profits, even for large miners in the future." Said Mr. Huang, a Chinese crypto miner in an interview. For some small miners, in the current market, considering mining as a sideline is a more relaxing ch...

Read More

Bitcoin Mining Difficulty Just Saw the Biggest Increase Since 2018

Jun 17, 2020

The bitcoin network has just seen one of its biggest adjustment in mining difficulty. According to data from BTC.com, the mining difficulty has posted an increase of nearly 15% from 13.73T to 15.78T. The difficulty that retargets every two weeks, or 2016 blocks, has previously undergone a...

Read More

Bitcoin Mining Manufacturer Canaan Sees Stock Hit Record Low as their Equipments Becomes Less Profitable

Jun 16, 2020

Canaan, one of the largest Bitcoin mining hardware manufacturers in the world, has had quite a busy and eventful year, continuing to compete for a larger part of the mining market against Bitmain, another Chinese manufacturing giant. Being one of the few companies in the crypto and blockchai...

Read More

Micree Zhan Prohibited Miner Delivery, Bitmain Trapped in Serious In-fighting Once Again

Jun 11, 2020

Recently previously ousted co-founder Micree Zhan controlled the Shenzhen miner delivery factory and prohibited employees from normal delivery to paid customers after returning to Bitmain. Bitmain then issued an internal letter indicating it was solving the problem by legal approach. Accor...

Read More

Small Minable Coins, a New Investment Opportunity or New Scam

Jun 9, 2020

After the bitcoin halving where bitcoin block reward is cut in half, crypto miners have been turning to some small coins for their potential high profits. In this year’s global mining forum held in the world’s bitcoin mining capital Sichuan, small-cap projects have been heatedly discussed am...

Read More

Zero-sum Game in Chinese Crypto Mining Space, Lack in Machine Stock as Rainy Season Approaching

Jun 9, 2020

In order to relocate the mining machine from the hydropower-mining farms to the thermal power mining farms with the cheapest electric charge in a short period, Chinese crypto mining farm owners spare no expense even adopting air transportation to transfer the machines, which takes several hundred ...

Read More

Bitcoin’s Mining Difficulty Dropped, Is a Bullish Period ahead?

Jun 6, 2020

Bitcoin’s mining difficulty dropped 9.29% yesterday, making it the fourth negative difficulty adjustment the network experienced in 2020. The difficulty, data has shown, went down from 15.14T to 13.74T. However, the drop in mining difficulty will spell good news for miners who have access t...

Read More

Southwestern Provinces in China Crack Down on Crypto Mining Farms with Direct Power Supply

Jun 5, 2020

China’s southwestern provinces Sichuan and Yunnan are cleaning up the crypto mining farms with direct power supply. Recently Sichuan province issued a document emphasizing the protection of compliant mining farms and cracking down on crypto mining farms with direct power supply. Now some mini...

Read More

What on Earth Happened at Bitmain? Feud, Coup, Spat, Physical Fight and More

Jun 5, 2020

The power struggle inside the bitcoin mining giant Bitmain has once again intensified over these days, as the previously ousted co-founder Micree Ketuan Zhan on Wednesday led a team of guards “break into” Bitmain’s Beijing office to claim his return. Apart from resorting to the use of...