Bitmain Strikes Repair Service Deal for North American Miners to Reduce Downtime

Sep 19, 2020

Bitmain has picked the largest digital asset mining operation in North America as its cooperative repair center in the region to service and repair Bitmain's machines using original parts which will seek to reduce the downtime typically involved with sending machines to China for repair. ...

The Upcoming Whatsminer M50S May Surpass Antminer S19

Sep 17, 2020

Chinese bitcoin miner maker Whatsminer's next-generation main product M50S has started research and development at the beginning of the year 2020, and it may release trial production at the end of the year. Futures are scheduled to be sold at the beginning of next year and delivered in the m...

Bitcoin’s Hashrate Takes a Massive Hit After Heavy Floods in Sichuan Shut Miners Down

Aug 19, 2020

The total computing power of the Bitcoin network took a massive hit this week when heavy rainfall in China’s Sichuan province forced many mining farms in the region to shut down. China’s southwestern province has been a hotspot for Bitcoin mining in the past several years, mostly thanks to t...

Forum Topics on First HashCon 2020 & New Infrastructure Mining Summit in China’s Chengdu Revealed

Aug 18, 2020

Bitcoin finally broke the resistance zone of $12,000, ETH transaction fees are also skyrocketing with the price of moving tokens around on the Ethereum blockchain continuing to balloon, China’s Sichuan has encouraged blockchain companies to help consume excessive hydroelectricity in the ra...

Bitcoin Mining Legalization Foreseeable As Sichuan Reveals Second Batch Hydropower Consumption Enterprises

Aug 14, 2020

China’s Sichuan province, known as the world’s bitcoin mining capital for its massive concentration of bitcoin mining operations as electricity is extremely cheap in the region, has recently revealed the second batch of demonstration enterprises for hydropower consumption. The list includes ...

Sentiment Drops to “Greedy” as Institutional Demand for Bitcoin Exposure Reportedly Rises

Aug 13, 2020

Bitcoin sentiment has dropped to “Greedy” on the Fear & Greed index in the first week of August after having stayed in the “Extreme Greed” area the previous week. Latest market report from Arcane Research shows that institutional demand for Bitcoin exposure has risen after B...

Heavy Floods, BTC Price, and Stiff Competition Make 2020 a Tough Year for Miners in China

Aug 5, 2020

Despite the rising difficulty and increasing competition, cryptocurrency mining has seen incredible growth in the past several years. A place where the huge growth in the mining industry was most evident was China, where entire provinces seemed to have been swallowed by huge mining farms. But, n...

More Confusion with Canaan as Five Directors Removed Due to Contract Expiration

Aug 5, 2020

One of the largest Bitcoin mining hardware manufacturers in China, Canaan, has appointed four new members into its board of directors, according to an official statement from the company. And while new additions to an already large board of directors aren’t anything new, especially for a compa...

Bitmain Struggle Heats up as the Two Battling for Control of Mining Farms and Antminers Inside

Jul 23, 2020

The drawn-out power struggle inside bitcoin mining giant Bitmain is getting nastier, as an announcement made earlier today by the Antminer sales team indicated. According to the announcement published on the WeChat account of Antminer pre-sale, about 10,000 Antminers in one of Bitmain’s...

First HashCon 2020 & New Infrastructure Mining Summit Come to Chengdu this August

Jul 17, 2020

Chengdu, the world’s bitcoin mining capital, is about to host a brand new mega mining conference – the HashCon 2020 & New Infrastructure Mining Summit in the upcoming August. The summit, an update of the New Era Mining Summit, will be held jointly by inbtc (Bitcoin mining ...