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China’s Speeding Up “Legalizing” Bitcoin Mining as Cities in Sichuan Show Support

May 14, 2020

Government authority in China’s Sichuan province known as the world bitcoin mining capital has recently convened a seminar in a bid to encourage cryptocurrency mining operations to help consume excessive hydroelectricity and make up for the economic losses caused by the coronavirus outbreak. ...

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50% Ethereum Network Hashrate Will Escape? DAG Issue is Rather Troublesome

May 13, 2020

The DAG file of Ethereum 4G graphics card is almost full, which means that 4G graphics card can no longer be used to mine. Ethereum may face the problem that 50% - 60% of its network hashrate will escape. It may be the most concern of miners as it costs a lot to upgrade 4G video memory ...

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Mysterious Chinese Bitcoin Mining Pool Rises to the Sixth Largest After the Halving

May 13, 2020

A new china-based bitcoin mining pool named Lubian.com has accounted for 6.2% of the global bitcoin hashrate, just three weeks after processing its first block. The pool is currently the sixth-largest bitcoin mining pool with a 7.32 EH/s hashrate, according to btc.com. The mysterious pool, ...

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Bitmain Drama Continues with the Company’s Business License Robbed and Jihan Calling Micree Bullshit

May 8, 2020

Bitcoin mining giant Bitmain's power struggle has been intensified as previously ousted co-founder Ketuan Zhan was mobbed when he was authorized to get the company’s business license. On Friday morning, the ousted co-founder of Bitmain, Micree Ketuan Zhan, was reportedly surrounded by...

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Survival of the Fittest post Halving : Miners will have to evolve or surrender

May 4, 2020

According to one of the largest Bitcoin mining pools on the market, Poolin, Bitcoin’s upcoming halving could shut down at least a sixth of its miners.  With the halving set to happen in less than two weeks, the crypto industry has been rife with discussions on how the monumental event will...

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Bitmain Reportedly Racked in $300 Million in First Four Months of 2020, Gives Employees Millions in Holiday Bonuses

Apr 29, 2020

Bitmain, the world’s leading crypto mining hardware manufacturer, has reportedly racked up $300 million in the first four months this year. According to a report by a local crypto WeMedia, Bitmain announced internally to its employees that the company had made over $300 million in revenue f...

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$40M Deficit in 2019, Hard for Bitcoin Miner Maker Ebang to File for U.S. IPO?

Apr 28, 2020

Ebang, a Chinese Bitcoin ASIC chip manufacturer, is looking to go public with new shares. The company has filed with the U.S. SEC for a $100 million IPO. The Prospectus shows Ebang had revenue of $109 million and a $41.1 million deficit in 2019. In addition to the financial da...

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China’s Sichuan Encourages Bitcoin Mining Operations to Consume Excessive Hydropower

Apr 28, 2020

A city in China’s Sichuan province known for bitcoin mining has recently issued a notice encouraging the blockchain industry to help consume the excessive hydroelectric energy there ahead of the rainy season usually starting in May. Bitcoin mining is supported for the first time Accordi...

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Three Possibilities for Crypto Mining After Bitcoin Halving

Apr 27, 2020

The relative increase of coin price and network hashrate is a significant reference to measure the living environment of the crypto mining industry. If the increase of coin price is greater than that of network hashrate, then the mining industry will be prosperous, otherwise, the living space for ...

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Bitmain’s Antminer 17 Models Drawing Criticism from Miners for High Failure Rate

Apr 24, 2020

Bitcoin mining hardware manufacturer Bitmain has recently been criticized over some of its Antminer 17 products, with Chinese miners complaining about its high failure rate. The criticized Antminer 17 models, mainly the T17 and S17+ series, were rolled out last August. As the next-gen f...