60000 Bitcoin Miner Virus Emerge Every Day in China over the Past Half Year

Jul 12, 2019

Bitcoin miner virus wake up in China as the bitcoin price surging. About 150000 bitcoin miner virus emerge every day in the early period of 2019. And it keeps 60000 bitcoin miner virus since April. For example, the "shadow" mining Trojan virus has been constantly updating itself since its ...

Iran Crypto Miners Scramble for a Share of Chinese Mining Machines

Jul 11, 2019

Recently, crypto mining machines are hard to get in China due to the rising hashrate of bitcoin, a measure of how hard it is to compete for mining rewards on the world’s first blockchain network – has posted its largest two-week increase in 12 months. Not only Chinese domestic miners snap up t...

13 Chinese Men Arrested for Stealing 20 Million Yuan Worth Electricity to Mine Bitcoin

Jul 11, 2019

Authorities in Zhenjiang, a city in east China’s Jiangsu Province, have arrested 13 men after they reportedly stole electricity worth more than 20 million yuan (roughly $3 million) to mine bitcoin. Bitcoin mining machines in local factories The power authority of Zhenjiang noticed an ...

Chinese Crypto Miner Maker Didn’t Compensate Dealers for Delayed Delivery

Jul 5, 2019

Innosilicon, a China cryptocurrency mining machine manufacturer didn’t compensate dealers for delayed delivery, even replacing high-hashrate with low-hashrate bitcoin miner without any compensation. Innosilicon is a China-based semiconductor manufacturer known for making cryptocurrency m...

Crypto Mining Giant Bitmain Completed Employee Stock Options Plan, Its U.S IPO Is Approaching

Jul 5, 2019

Chinese cryptocurrency mining giant Bitmain has completed signing the contracts of employee stock options with its employees in late June, prepared for the company’s approaching U.S. IPO. According to a report from local financial news outlet Jiemie, citing people with knowledge of the...

Bitmain Seeks Millions of Compensation from Former Emplayees Who Founded Rival Mining Pool

Jun 17, 2019

Bitmain, the owner of BTC.com, the world’s top bitcoin mining pool by hash rate, is suing the co-founders of Poolin, the seventh-largest pool, for allegedly violating a non-compete agreement – and it’s demanding $4.3 million in damages from one of them. In response, the co-founders said...

Blouiroet Mining Trojan Is Back Hijacking Your Computer

Apr 24, 2019

The latest bitcoin rally has not only bring the crypto market come to life but also hackers. Tencent Security reported on April 23 that the Blouiroet mining Trojan has been detected active in many countries, among which Russia, Ukraine and China are the hardest hit. Blouiroet is a troja...

Learn About This Bitcoin Mining Utopia – Where Electricity Costs $0.006 per kWh

Apr 10, 2019

Many Chinese crypto miners have migrated to places with cheap electricity and favorable policy on offer, as a result of the escalated government crackdown on cryptocurrency and its production process. With the rapid downfall of bitcoin in late 2018 and increasing electricity bills, Chinese mi...

Bitmain Officially Names Its New CEO and Proclaims to Restart Its IPO at Appropriate Time

Mar 26, 2019

Bitmain, the world’s leading cryptocurrency mining equipment manufacturer, has announced on Mar.26 that Wang Haichao will serve as the company’s new CEO, whilst admitting an imminent expiration of its IPO application. The Beijing-based mega-seller of crypto miners officially annou...

Bitmain’s IPO Application is about to Expire

Mar 25, 2019

Bitmain, the world’s leading cryptocurrency mining equipment manufacturer, is likely to let its application for an initial public offering (IPO) in Hong Kong lapse later today on Mar 25, which may signal the failure of its first effort to go public unless it's listed on the last day. The...