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Tag Archives: hashrate

China’s Great Mining Migration Boded Well for Bitcoin in 2021

Jan 17, 2022

Olusegun Ogundeji

As the year that China banned Bitcoin mining, 2021 saw the Great Mining Migration - the global relocation of Chinese mining operations - and marked the beginning of a new phase for the industry, a recap of the year shows. According to top Asian crypto market data aggregator, CoinGecko, B...

Some Miners Likely to Remain in China Against Odds

Jun 18, 2021

Olusegun Ogundeji

Aside from considering relocating overseas with their operations or quitting the sector entirely, some Chinese crypto miners are likely to remain in China as they contemplate investing in green energy to reduce their carbon emissions, a state-owned media has reported.  The CGTN report st...

Is Bitcoin Sphere in A Similar Situation As The Fall of 2018?

Sep 29, 2019

lylian Teng

Amid the recent bitcoin crash, Mao Shixing, founder of F2Pool, currently the world’s largest bitcoin mining pool, published the latest list of the “shutdown price” below which crypto mining machines have to be shut down for lack of profitability. According to Mao, at the current mining ...

Hashrate Drop: Estimated 1.3 mln Bitmain S9 Miners Switched off

Dec 11, 2018

Olusegun Ogundeji

Bitcoin hashrate has fallen by about 31% since the start of November 2018, says BitMex in its recent crypto market analysis in the wake of a general price decline. The crypto exchange notes that the reduced hashrate, which it estimates represents a switch off of almost 1.3 million Bitmain S9 ...