The Chinese province of Sichuan has become a Bitcoin mining hotspot in the past few years. Data gathered from local reports and hash rate trackers have shown that the landlocked southwestern province has the highest concentration of Bitcoin mining firms in the entire world. And while neighbor...
The bull market is coming, and the wet season is coming. Summer is about to usher in the busiest mining season in Sichuan. In April, "Supercomputing · Fusion: 2021 Global Blockchain HashCon" will be held in Chengdu, Sichuan Province, which opens the prelude to the annual wet season...
Monday's 7% spike in the price of bitcoin has been attributed in parts to the latest release of a proposal by the Inner Mongolia region to shut down existing cryptocurrency mining projects by April 2021 and not approving any new ones. Once effective, the move will take away the region’s...
For years, China has been a hotspot for cryptocurrency mining. Lage mining operations have been set up in the country’s northern and central parts, looking to utilize the regions’ cheap electricity and good infrastructure. Some reports estimate that more than half of all Bitcoin’s hash power...
Acting on its planned venture into the crypto mining business, The9 has Monday Jan 25 announced that it entered five legally binding Memorandum of Understanding with five Bitcoin mining machine owners who are already deployed in Xinjiang, Sichuan and Gansu in China to purchase their machi...
From the second half of the year 2020, things start going like three years ago. After breaking through $10000, the price of bitcoin once skyrocketing to $40000. Long Qin, a bitcoin miner in China, has been persisting in hoarding bitcoins, and the three bitcoins he mined in five years ago hav...
Chinese bitcoin miner manufacturer MicroBT, or Whatsminer maker, is planning to go public on the Nasdaq market, people familiar with the matter disclosed. The Shenzhen, China-based company, is currently the second largest bitcoin mining equipment manufacturer, close behind bitcoin mining...
Bitcoin mining center is gradually migrating from China to foreign countries like northern Europe, North America, Central Asia. In 2020, an easily overlooked phenomenon is that bitcoin mining center will silently move from China to foreign countries. According to the bitcoin mining map ...
China, home to more than half of the world’s bitcoin mining capacity, plays an important role in the bitcoin mining ecosystem. With bitcoin showing wild price swings, 2020 has been a rollercoaster for the industry where the world’s largest cryptocurrency is minted in the country. In the firs...
China controls the supply for dominant cryptocurrencies through mining operations. At the end of the year, we’ve tried to round up some of the most important events that have had big impacts on bitcoin miners. March 12’s bitcoin crash On March 12, bitcoin suddenly plunged to below $4,00...
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