Some forward-looking bitcoin miners in China have been stocking up second-hand mining rigs these days, prepared for the cheap electricity promised by the upcoming wet season in Sichuan. Sichuan, a mountainous province in southwestern China, is home to numerous bitcoin miners for its abundant...
In the past two months, Bitmain is shrinking at a rapid pace. The Beijing-based Bitcoin mining giant has undergone a series of mass layoffs, shut down its entire office in Tel Aviv and halted its mining operations in Texas. This time, they decided to close another overseas office in Amster...
Ethereum Classic( ETC), the original version of Ethereum network, has recently witnessed an astonishing rise of its miner rewards recently amid abnormal transaction fees . The event comes just three days after the ETC 51% attacker returned $100,000 worth of tokens back to the crypto exchan...
Mongolia, a landlocked country bordered by China and Russia has emerged as the new destination for cryptocurrency miners with its cheap electricity and cold weather. Even in the bear market, Bitcoin miners in Japan is eyeing the East Asia country for expansion. Of late, the Tokyo based ...
On Jan 8, the Bloomberg reported that Canaan Creative, China’s second-largest maker of Bitcoin mining hardware, is considering an initial public offering (IPO) in the U.S.. Canaan was earlier aiming to raise $1 billion through its IPO as reported by the South China Morning P...
“Despite I was fired, I would still say, it is a good company,” said a former employee of Bitmain. Of late, there are rumors circulating Bitmain, saying that the mining giant is laying off more than half of their workforce. Most people believe that the company has apparently been hit hard...
Police in Harrbin, capital of northeast China's Heilongjiang Province, has arrested five men suspected of stealing electricity worth over 1 million yuan ( about $0.15 million) to mine cryptocurrencies, according to a report by local media. The power authority of Harbin noticed an unusu...
The China-based crypto mining giant Bitmain has lost a chunk of bitcoin hashrate amid the crypto winter, contributing only 24.8 percent of the bitcoin network hash rate in the past three days, according to btc.com. Though still on the top of bitcoin hash rate distribution, the two leadin...
December 28, The Schall Law Firm, an America-based shareholder rights litigation firm, announces the filing of a class action lawsuit against the dominated graphics card manufacturer NVIDIA. The law firm indicated that NVIDIA has violated the §§10(b) and 20(a) of the Securit...
December 28, the two CEOs of Bitmain, Jihan Wu and Micree Zhan were reportedly quitting their job in the company. The successor would be a layman surnamed Wang who has joined Bitmain for a while. “This matter has not been settled yet, and it is currently in a transitional period,” sa...
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