Things are Looking Blue for Chinese Crypto Miners’ Northward Migration

Sep 17, 2019

Chinese crypto miners make a round trip (south-north) to pursue cheap electricity every year. However, things are looking blue for northward migration this year, the country’s regulation and off-capacity of northern mining camp are getting in the way. The wet season in Sichuan, a southern p...

Blockstream Mining: A Grassroots Vision for Redistributing Hashrate

Aug 14, 2019

Blockstream has been silently scaling over 300 MW of mining facilities in a bid to rebalance the distribution of global hashpower back in the hands of smaller players. On August 8, 2019, the company broke its silence as it unveiled its most recent product, Blockstream Mining. The multi-...

85% Bitcoin Mined, Implications as Supply Gets Thinner

Aug 2, 2019

Over 17,850,575 Bitcoin have been mined as at this writing meaning 85% of the top cryptocurrency's expected total supply (21 million) is already in circulation. Though the next Bitcoin reward halving - when the coin reward will decrease from its current 12.5 to 6.25 Bitcoin at every 10-minute b...

Bitcoin Miner Demand Is Outstripping Supply in China Market

Jul 24, 2019

Bitcoin’s ongoing bull run has sprung up demand for new mining equipment, putting pressure on manufacturers to produce enough machines to satiate buyers. Huaqiang North Commercial Area, the largest mining equipment market in China has sold out its stock even the pre-ordered are postponed. ...

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

Jul 15, 2019

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 Bitcoin Miners Request Iran to Allow Them to Mine Cryptocurrency in the Country

Jul 10, 2019

Chinese cryptocurrency miners have made requests to Iran government through official channels for their cryptocurrency mining operations in the country, reported Iran press PressTV. According to Mohammad Sharqi, managing director of Iran Blockchain Association, a nonprofit community w...

Chinese Crypto Miners are Exploiting Iran’s Cheap Electricity

Jul 8, 2019

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...

Bitcoin Hashrate Reaches New High While Chinese Mining Farms Gradually Plugging in Equipment as the Rainy Summer Approaches

Jun 28, 2019

Bitcoin network’s hashrate, which represents the amount of computing resources being dedicated towards providing security for the cryptocurrency’s blockchain (among other uses), has reached a new record high above 7.93 trillion. Seven percent jump from the 7.45 trillion record set during the r...

Chinese Miners are Tightly Controlled and Exploited by Power Plants

Jun 25, 2019

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...

Cryptocurrency Miner Maker Ebang Lets Its Hong Kong IPO Lapse, Same Fate as Bitmain and Canaan

Jun 21, 2019

Ebang, or producer of Ebit miner, the leading Chinese bitcoin miner manufacturer, let its application for a Hong Kong initial public offering (IPO) lapse on Friday June 21. So far, the hopes for the big three crypto mining giants in the country to go public have been shattered. The H...