Chinese bitcoin mining giant Bitmain has placed a large order of 30,000 7nm wafers from TSMC, the world's largest dedicated semiconductor foundry, according to people familiar with the matter. An industry insider took to Weibo (Twitter equivalent in China) that Bitmain had ordered 30,0...
Chinese cryptocurrency miners have made requests to Iran government through official channels for their cryptocurrency mining operations in the country, reported Iran press PressTV. According to Mohammad Sharqi, managing director of Iran Blockchain Association, a nonprofit community w...
Chinese Bitcoin miners are relocating to Iran. Despite lacking concrete evidence supporting this, the low price of electricity is encouraging the supposed exodus. According to local news publication, PressTV, Iranian government minister Mohammad Javad Azari Jahromi claims that the s...
Bitcoin network’s hashrate, which represents the amount of computing resources being dedicated towards providing security for the cryptocurrency’s blockchain (among other uses), has reached a new record high above 7.93 trillion. Seven percent jump from the 7.45 trillion record set during the r...
On June 22, after more than a year of silence, Bitcoin again reached $10,000. “Mining” is listed as a top priority as wet season in Sichuan, a southwestern province in China is approaching. However, miners are now facing a great challenge. Since 2017, Bitcoin miners have gradually beco...
Ebang, or producer of Ebit miner, the leading Chinese bitcoin miner manufacturer, let its application for a Hong Kong initial public offering (IPO) lapse on Friday June 21. So far, the hopes for the big three crypto mining giants in the country to go public have been shattered. The H...
Some Chinese listed companies have taken the bandwagon of bitcoin mining after the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin. A recent r...
An old woman aged 61 in China has been sentenced to detention of four months for stealing electricity to mine bitcoin, according to China Judgements Online, a website publishing court documents of the whole country. As per the court document, in addition to jail time, the suspect has also b...
Canaan Creative, the world’s second-largest bitcoin mining machine manufacturer, is targeting to be a chip company instead of a bitcoin mining company. The company is attaching the same importance to AI chip business as bitcoin mining and aims to generate tens of millions of Chinese yuan in A...
Bitcoin mining hashrate has been more distributed among mining pools, according to a report from cryptocurrency research firm Diar released on March 13. As per the report, smaller mining pools have made significant gains in the past few months as a result of unknown miners either drop off or ...
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