45 Types Crypto Miners Reach ‘Shutdown Price’ After BTC Halving, the Value of Bitmain S9 Plummets

May 15, 2020

The Bitcoin blockchain has experienced its third block reward halving. However, 45 types of crypto mining machines reached the shutdown price overnight, which means they were not able to cover the cost when they are turned on. The price of the best-known Antminer S9 dropped to 100 Chinese yua...

50% Ethereum Network Hashrate Will Escape? DAG Issue is Rather Troublesome

May 13, 2020

The DAG file of Ethereum 4G graphics card is almost full, which means that 4G graphics card can no longer be used to mine. Ethereum may face the problem that 50% - 60% of its network hashrate will escape. It may be the most concern of miners as it costs a lot to upgrade 4G video memory ...

Bitcoin Hits $10K, Crypto Mining Machine Business Flourishing in China

May 8, 2020

Bitcoin has climbed back above the psychological $10,000 per bitcoin mark today. The sudden jump in price comes as traders and investors gear up for May halving event as there are only 4 days left. “Similar to the halving of BCH and BSV, bitcoin will have a certain "holiday atmosphere" ...

$40M Deficit in 2019, Hard for Bitcoin Miner Maker Ebang to File for U.S. IPO?

Apr 28, 2020

Ebang, a Chinese Bitcoin ASIC chip manufacturer, is looking to go public with new shares. The company has filed with the U.S. SEC for a $100 million IPO. The Prospectus shows Ebang had revenue of $109 million and a $41.1 million deficit in 2019. In addition to the financial da...

Three Possibilities for Crypto Mining After Bitcoin Halving

Apr 27, 2020

The relative increase of coin price and network hashrate is a significant reference to measure the living environment of the crypto mining industry. If the increase of coin price is greater than that of network hashrate, then the mining industry will be prosperous, otherwise, the living space for ...

Crypto Mining Farms in China: Unoccupied Machine Seats, Bitmain S9 Miners Being Taken Over

Apr 17, 2020

Millions of old crypto mining machines are shut down and sold in batches; machine space is vacant in wet season, and the miners can only takeover S9 miners? Will network hashrate rise? Is it necessary to move the new mining machine to the hydropower-abundant area? Let's see what the Chinese cr...

Report: Canaan’s Stock Price is Undervalued, But the Gain in the Next Year is Limited

Apr 7, 2020

A research report from blockchain project risk rating agency Standard Consensus High showed in the future when there may be a slight slump of bitcoin miner maker Canaan’s share price as it has a high correlation with BTC price. Canaan announced that its growth of the first three quarters o...

8btc Online Summit | Chinese Crypto Mining Tycoons’ View on the Upcoming Bitcoin Halving

Mar 18, 2020

Hosted by China’s leading blockchain news media 8BTC from March to May, this year’s online conference is themed “Trend Rises Again 2020” with eight forums covering topics ranging from blockchain technology, crypto mining, DeFi, as well as bitcoin halving. We (8btc) have the cha...

China’s Crypto Mining Industry Revives for Halving as Coronavirus Gradually Gets Controlled

Mar 3, 2020

Due to coronavirus outbreaks, the upstream and downstream of the crypto mining industry in China has been postponed at the beginning of this year. Now the crypto mining industry is gradually back on track. Whether it's mining machine manufacturers, mining pools, mining farm owners or miners, the...

Ethereum Hashrate May See 50% Drop as 4GB GPU Stop Mining ETH in Q4 2020

Feb 28, 2020

On February 24, Bitmain’s Antminer E3, the only Ethash algorithm ASIC device and once the most powerful hardware for Ethereum mining, was alleged to stop Ethereum mining in the coming April as a result of DAG file size increase to the upper limit of 4GB which the E3 runs on, acco...