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Tag Archives: bitcoin mining

Unconfirmed: Bitmain Ordered 30,000 7nm Wafers from TSMC

Jul 15, 2019

lylian Teng

Chinese bitcoin mining giant Bitmain has placed a large order of 30,000 7nm wafers from TSMC, the world's largest dedicated semiconductor foundry, according to people familiar with the matter. An industry insider took to Weibo (Twitter equivalent in China) that Bitmain had ordered 30,0...

Chinese Crypto Miners are Exploiting Iran’s Cheap Electricity

Jul 8, 2019

Vincent He

Chinese Bitcoin miners are relocating to Iran. Despite lacking concrete evidence supporting this, the low price of electricity is encouraging the supposed exodus. According to local news publication, PressTV, Iranian government minister Mohammad Javad Azari Jahromi claims that the s...

Chinese Miners are Tightly Controlled and Exploited by Power Plants

Jun 25, 2019

Vincent He

On June 22, after more than a year of silence, Bitcoin again reached $10,000. “Mining” is listed as a top priority as wet season in Sichuan, a southwestern province in China is approaching. However, miners are now facing a great challenge. Since 2017, Bitcoin miners have gradually beco...

Chinese Granny Caught Stealing Electricity to Mine Bitcoin

May 23, 2019

lylian Teng

An old woman aged 61 in China has been sentenced to detention of four months for stealing electricity to mine bitcoin, according to China Judgements Online, a website publishing court documents of the whole country. As per the court document, in addition to jail time, the suspect has also b...