Sentiment Drops to “Greedy” as Institutional Demand for Bitcoin Exposure Reportedly Rises

Aug 13, 2020

Bitcoin sentiment has dropped to “Greedy” on the Fear & Greed index in the first week of August after having stayed in the “Extreme Greed” area the previous week. Latest market report from Arcane Research shows that institutional demand for Bitcoin exposure has risen after B...

Heavy Floods, BTC Price, and Stiff Competition Make 2020 a Tough Year for Miners in China

Aug 5, 2020

Despite the rising difficulty and increasing competition, cryptocurrency mining has seen incredible growth in the past several years. A place where the huge growth in the mining industry was most evident was China, where entire provinces seemed to have been swallowed by huge mining farms. But, n...

More Confusion with Canaan as Five Directors Removed Due to Contract Expiration

Aug 5, 2020

One of the largest Bitcoin mining hardware manufacturers in China, Canaan, has appointed four new members into its board of directors, according to an official statement from the company. And while new additions to an already large board of directors aren’t anything new, especially for a compa...

Bitmain Struggle Heats up as the Two Battling for Control of Mining Farms and Antminers Inside

Jul 23, 2020

The drawn-out power struggle inside bitcoin mining giant Bitmain is getting nastier, as an announcement made earlier today by the Antminer sales team indicated. According to the announcement published on the WeChat account of Antminer pre-sale, about 10,000 Antminers in one of Bitmain’s...

First HashCon 2020 & New Infrastructure Mining Summit Come to Chengdu this August

Jul 17, 2020

Chengdu, the world’s bitcoin mining capital, is about to host a brand new mega mining conference – the HashCon 2020 & New Infrastructure Mining Summit in the upcoming August. The summit, an update of the New Era Mining Summit, will be held jointly by inbtc (Bitcoin mining ...

Bitcoin Miner Maker Ebang Wins 369 Million Yuan China Telecom Contracts

Jul 16, 2020

Ebang International, the newly Nasdaq listed bitcoin miner manufacturer, has recently won the bid for China Telecom’s government procurement projects involving 5G edge computing. The company was awarded 369 million yuan (roughly $53 million) worth contracts by the country’s third largest...

Chinese Bitcoin Miner Maker Begins Share Subscription, its U.S. IPO May Be Finally Realized

Jun 23, 2020

On the evening of June 20, an app for U.S. stocks showed that Chinese bitcoin miner manufacturer Ebang started a subscription for new shares from 22:00 on June 19 to 10:00 on June 24. It is reported that the scheduled timetable of Ebang’s U.S. IPO is June 26. This means that Eb...

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...

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...

Insight into the Bitcoin Mining Market from Industry Leaders’ Voices in Chengdu

May 29, 2020

It is expected that the network hashrate would increase in the following weeks as a large number of Bitmain’s high-powered S19 series has arrived at mining farms and will come online soon, according to several Chinese mining farm operators. The S19 machines went on sale on March 23 and we...