Bitmain’s Bitcoin Hashrate Decreases to 25%, Industry Reshuffle May be Ahead

Jan 3, 2019

The China-based crypto mining giant Bitmain has lost a chunk of bitcoin hashrate amid the crypto winter, contributing only 24.8 percent of the bitcoin network hash rate in the past three days, according to btc.com. Though still on the top of bitcoin hash rate distribution, the two leadin...

Heyday of Bitcoin Mining Rigs Business at China’s Huaqiangbei is Over Amid Crypto Market Carnage

Nov 23, 2018

Bitcoin price slumped to a 13-month low of about $4,300 on Wednesday, making mining the world’s leading digital currency an unprofitable business. A lot of mall miners, mining rigs dealers and mining hosts in China have to make a career change, with some having a side job to sell shoes and sil...

Bitcoin Miners Sold by Kilo in China Amid Cryptocurrency Crash

Nov 21, 2018

The leading cryptocurrency bitcoin once fell below $4,300 on the afternoon of November 20, hitting a 13-month low since October 2017. Great losses are seen across the broader crypto market. Many miners in China have shut down their mining machines especially their older models amid the red ...

F2Pool Founder : Bitcoin ‘Halving’ 2020 Will Have Very Little Impact on the Ecosystem

Nov 20, 2018

Although Bitcoin was down over 13 percent to below $4800 today, hitting a fresh 13-month low, some crypto investors still hope the biggest cryptocurrency could reach its peak somewhere between $100k and $200k in 2020 when the Bitcoin reward halving takes place. However, Mao Shixing...

TSMC Pours $3.54 Billion Into Upgrading 7nm Technology, Although Cryptocurrency Mining Demand Stalls

Nov 17, 2018

Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest dedicated independent semiconductor manufacturer, has approved the appropriation of roughly $3.54 billion on November 13 for new facility construction, the upgrade to leading-edge 7-nanometre technology, and related c...

Chinese Miner Sentenced to 3.5 Years in Jail for Stealing Train Power to Mine Bitcoin

Oct 8, 2018

A man in China has been sentenced to three and a half years imprisonment for stealing electricity from a train station to power his bitcoin mining operations, according to local media outlet The Paper. As per the court document revealed on October 8, in addition to jail time, the suspect ha...

Bitcoin Hashrate Increases in A Bear Market, Investors are Still Optimistic in the Long Term

Aug 20, 2018

Bitcoin declines in a rapid speed these days. People take it for granted that mining activity is expected to follow, but fortunately, that hasn’t happen. According to a cryptocurrency news outlet CryptoBuzz, BTC mining difficulty has been growing 15% per month in 2018 and at present, it ...

A Glance of Bitcoin Mining Farms Hidden in China’s Sichuan Deep Mountains

Jul 28, 2018

A recent flood in China’s Sichuan has led media and investors in the cryptocurrency sector to overstate its impact on the hashrate of bitcoin. Though analysts have claimed Sichuan floods had little impact on the bitcoin hashrate, floods there have uncovered the hidden bitcoin mining farm...

China’s Xinjiang to Shut Down Illegal Bitcoin Mining Farms By September

Jul 25, 2018

China’s Xinjiang Uygur Autonomous Region is demanding to eliminate illegal bitcoin mining facilities by the end of this August, according to the government notice issued by the region’s Economic and Information Commission (EIC). As per the official notice, local utility companies ...

Bitmain Raises Another $1 Billion Prior to its IPO

Jul 23, 2018

According to Local media outlet Touchweb, Chinese bitcoin mining giant Bitmain has reportedly seeking a new pre-IPO funding of US$1 billion, shortly after it completed a Series B funding of US$300-400 million headed by Sequoia Capital. Based on the report, the new one-billion fun...