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Tag Archives: crypto mining

ASICs’ Prices in 13-Week Freefall

Apr 25, 2022

Olusegun Ogundeji

Data from Luxor Mining, a crypto mining analysis, data and hash rate insights provider, shows that last week made it the thirteenth week in a row that prices for ASICs of the three efficiency tiers have been falling. As at April 20, the under 38 joules/TH ASIC tier was at $77.15/...

Another Mining Hub Discovered in China, 190 Mining Equipment Seized

Mar 24, 2022

The campaign against cryptocurrency activities in China registered another milestone this week. A secret mining hub was discovered and 190 mining machines worth over $790K confiscated. The raid to discover this illegal installation was carried out in the Jieyang city of the Guangdong province...

China Offers $25,000 Prize in Crypto Miner Identification Contest

Mar 16, 2022

The clampdown on cryptocurrency mining has been a major subject in China since the middle of 2021. Different approaches have been employed by the government authorities to clear out cryptocurrency mining activities from the region. The reasons for the clampdown include the quest for financial su...

Canaan in Record Over 200% YoY 2021 Sales Increase

Mar 4, 2022

Olusegun Ogundeji

China-based chip producer, Canaan, has shown in its 2021 unaudited full-year financial results that it sold a total computing power of 22.3 million Thash/s which equates to a year-over-year increase of 238.5%. The huge leap from 2020’s 6.6 million Thash/s total sale - impacted by the global p...