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Tag Archives: bitcoin mining

China Doubles Down on Cryptos’ “No Real Value” Position

Aug 30, 2021

Olusegun Ogundeji

China is set to establish a normal working mechanism to maintain a high-pressure situation in its continued effort to combat cryptocurrency-related transactions, local media has reported. The People’s Bank of China (PBoC) Deputy Director of the Financial Consumer Rights Protection ...

Miners Clampdown in China Good for Bitcoin in the Long Run

Jun 25, 2021

Recent Bitcoin predicaments have been compounded by the series of bans being carried out in China. Significant among these bans is the abolishment of mining activities within the country. The order to shut down Bitcoin mines has had a direct effect on the Bitcoin and cryptocurrency market, le...

ASIC Miner Maker Canaan Diversifies Into Crypto Mining

Jun 24, 2021

Olusegun Ogundeji

Renowned for having invented the world’s first application-specific integrated circuit (ASIC)-powered Bitcoin mining machine, Canaan has announced its business' first diversification attempt into crypto mining in Kazakhstan with their latest Avalon Miner units already in operation. The m...

Why Chinese Miners Want to Bet on Moving to US 

Jun 19, 2021

Olusegun Ogundeji

Despite the several disadvantages besetting the expansion of his Bitcoin mining operations to the United States following China’s renewed crackdown on their business, a well-known Chinese bitcoin miner says he is still considering opening Bitcoin farms in Tennessee and Texas. In an int...