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...
Bitcoin price hitting an all-time high of more than $20,000 over the past few days has drawn much attention to bitcoin mining - the activity that the world’s largest cryptocurrency is minted. Generally, bitcoin mining difficulty will increase as price surges. While the mining difficulty has b...
The crypto mining hardware industry is still dominated by a few players because the sector needs an innovative approach for new players, the CEO of Canaan, the second largest designer and manufacturer of Bitcoin mining machines globally has said. Nangeng Zhang notes that with innovation b...
Bitcoin miners in China’s Yunnan province have decried yet another crackdown by government authorities targeted at their activities. This time, it is reported that electricity producers have been ordered to cut off power supply to crypto mines located in the province. Yunnan is the third la...
On the night of November 24, bitcoin hit $19424, just $451 away from its record high. As an essential part of bitcoin ecology, have bitcoin miners make a fortune? We collected some interesting data and interviewed some core mining practitioners in China to talk about the profitability of bit...
China has maintained a leadership role in the Bitcoin and cryptocurrency industry. Almost every major startup in this industry and other related technologies look forward to some kind of affiliation with China. Considering one of the fundamental aspects of the cryptocurrency industry, which is ...
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