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Tag Archives: bitcoin mining

Poolin Announce Issuance of IOU Tokens to Customers

Sep 14, 2022

The poolinWallet team has initiated an IOU issuance exercise that is aimed at mitigating the effects the recent suspension of withdrawals on its platform will have on its customers. This development was announced on the company’s official Medium profile where it was stated that “the tokenom...

Canaan in Q2 Gains as Bitmain Extends 30% Reward for Miners 

Aug 19, 2022

Olusegun Ogundeji

The unaudited financial results of Canaan show its three months ending June 30 saw the China-based chip producer generate revenue of RMB1,652.7 million (US$246.7 million). The record represents an increase of 21.9% from RMB1,356.1 million in Q1 2022 and an increase of 52.8% from RMB...

After China’s Ban, Here Are The Top 5 Bitcoin Mining Countries

Jul 29, 2022

The crackdown on Bitcoin mining and other cryptocurrency activities in China has left a significant mark on the entire blockchain and cryptocurrency industry. China used to be the global Bitcoin mining hub, with over 65% of the global hashrate emanating from within the country. Things have cha...

China Officially Adds Crypto Mining to Elimination Category

Jan 10, 2022

Olusegun Ogundeji

The Chinese government has officially included cryptocurrency mining in its list of industries that should be eliminated. China’s state planner, the National Development and Reform Commission (NDRC), in its communication No. 49 dated December 30, 2021 but made public this week, notes t...

How Secret Bitcoin Miners Elude The Government in China

Dec 21, 2021

Contrary to earlier reports that cryptocurrency mining has been eliminated from China, recent data shows that up to 20% of the global Bitcoin hashrate is still resident in the country. Even though this is a significantly lower value than the number before the implementation of the 2021 cryptocur...