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Tag Archives: bitcoin mining

Blockstream Mining: A Grassroots Vision for Redistributing Hashrate

Aug 14, 2019

Bitcoin Magazine

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

Olusegun Ogundeji

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

Vincent He

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

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...