Bitmain Unveils New 7nm ASIC Chip BM1397, Making Bitcoin and Bitcoin Cash Mining More Energy Efficient

Feb 19, 2019

The Chinese bitcoin mining giant Bitman has announced its new 7nm ASIC chip that claims to deliver breakthrough energy efficiency, according to an official blog post published on February 18. The improved 7nm chip dubbed the BM 1397 is said to make improvements in performance, chi...

Bitmain Bets on Computing Power-Sharing Platform BitDeer to Save Itself

Jan 25, 2019

From a failed IPO attempt to massive layoffs and shutting down many mining operations, China-based cryptocurrency mining giant Bitmain experienced difficult times during the second half of 2018 which witnessed the crypto market downturn. The Beijing-headquartered company now seems to bet on ...

Antminer Strikes Back at hAnt Virus Locking up Bitcoin Miners in China

Jan 24, 2019

Antminer, the world's leading Bitcoin mining rig brand, has released a guide to defend against the cryptojacking haunting its user base in China for months long, after ten days 8btc shed light on the new ransomware. Named hAnt, the new ransomware strain was first observed in August of last ...

Bitmain Reflects on Its 2018 Performance of Miners, AI, BCH Hash War and American Expansion

Jan 22, 2019

Bitmain, the demonstrated Beijing-based Bitcoin mining manufacturer has been at the center of the media storm recently relating to its IPO process, BCH hash war, leadership change, mass layoffs, shrinking operation and more. Everybody says Bitmain had a tough time in 2018 due to the cryp...

Bitmain Abandons Amsterdam Operations, Analyst Says Implosion of Mining Giant has Little Impact on Crypto Miners

Jan 15, 2019

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...

Former Employee of Bitmain Claimed Its A ‘Good Company’ After Being Fired

Jan 8, 2019

“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...

Bitmain Reportedly Monitor Its Employees at Work before the Massive Layoff

Jan 7, 2019

Beijing-based bitcoin mining giant Bitmain was reportedly monitoring its employees at work via a self-developed app before its much-publicized layoff. Several verified Bitmain employees revealed that ahead of the abrupt job cuts, the company had deployed an app called Appia among its employe...

Jihan Wu and Micree Zhan Alleged Stepping Down as CEOs of Bitmain

Dec 29, 2018

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...

Over 80% of Investors Agree Layoffs Help Crypto Firms Be More Effective

Dec 28, 2018

A majority of investors believe that most crypto firms are overstaffing over the past year and that downsize could be a boost for these firms to be more effective in services they’re engaged, a survey by polling firm Insight Chain found. The survey conducted Nov 26 asked 473 investors about...

Will Bitmain Liquidate Its BCH and LTC Holdings to Trigger a Bearish Trend?

Dec 27, 2018

Of late, there are rumors circulating Bitmain, the demonstrated mining hardware manufacturer, is laying off a substantial number of their employee. Although the firm has refuted the layoff rumor on Monday, saying that it is a normal staff turnover based on their business performance, it still ca...