As the U.S. and Iran step back from the brink of war, it comes as a temporary relief to bitcoin miners in the oil-rich country. The Middle Eastern country had previously attracted Chinese bitcoin miners heading there for its extremely affordable electric prices at $0.006 per kilowatt-hour...
The December 2019 report on the Bitcoin mining network from CoinShares Research, a division of the digital asset management firm, presented an industry in good health at the end of the year, with a hash rate that had almost doubled in the previous six months, a new generation of more powerful...
On December 24, a court in China’s Jiangsu province dealt with a case of bitcoin mining by stealing electricity. From March 2017 to May 2019, ten defendants successively purchased more than 3000 bitcoin mining machines, rented workshops for private connection and stole a large number of powe...
Authorities in Sichuan have started pressuring cryptocurrency mining businesses operating in the “Bitcoin mining capital” amid the dry season which has been leading to a shortfall in electricity supply. As per the notice issued on December 23 by Garze Tibetan Autonomous Prefecture of w...
Police in Hebei, a province in Northern China, have seized 6,890 bitcoin mining hardware units that were illegally used to mine cryptocurrencies, reported China Central Television (CCTV), the predominant public television broadcaster in mainland China. According to the CCTV repor...
On December 9, Ebang, a Chinese bitcoin miner maker, received the notice of filing the case and now is under investigation of Beijing police Bureau. Earlier, Ebang is planning an initial public offering (IPO) in the U.S., according to 8btc’s previous report. Falling into criminal d...
Bitcoin (BTC) has risen two places in the latest ranking by the Center for Information and Industry Development (CCID), under the Chinese government's Ministry of Industry and Information Technology. From the 11th spot in the 14th version of the ranking (published in September)...
According to the current bitcoin price, some mining machines have reached the shutdown price, even the major Antminer S9 is suffering a deficit. So will crypto miners suffer if bitcoin price keeps unchanged after halving? So when the revenue of the mining machine is reduced by half, the mini...
"Sichuan should take advantage of bitcoin mining, study the relationship between blockchain, digital currency and hydropower resources to create more business opportunities in the region," said Jiang Yang, former vice chairman of the China Securities Regulatory Commission this October. Sic...
Guo Yuhang, director of China Blockchain Application and Research Center, recently delivered a speech themed "The Development Trend and Policy Suggestions on the Blockchain Industry", in which he looked back on the blockchain development in the country, and proposed a pilot of bitcoin ...
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