Chinese Authorities Cut Off Electricity Supply To Bitcoin Miners In Yunnan Province

Dec 2, 2020

Bitcoin miners in China’s Yunnan province have decried yet another crackdown by government authorities targeted at their activities. This time, it is reported that electricity producers have been ordered to cut off power supply to crypto mines located in the province. Yunnan is the third la...

Profit Loss of China’s State Grid Leads to Crackdown on Bitcoin Mining Electricity Supply

Aug 14, 2020

The dumped profits of China’s state grid may lead to pressure on hydropower stations to reduce electricity supply for bitcoin mining farms in China’s Sichuan, Yunnan province, which is home to some of the largest crypto mining operations in the world. On July 22, Mao Weiming, the chai...

Defi Frenzy Makes ETH Miners Laugh

Aug 13, 2020

As the decentralized finance (DeFi) sector is booming at a startling rate, ETH transaction fees are also skyrocketing with the price of moving tokens around on the Ethereum blockchain continuing to balloon. Data shows that the transaction fees have recently accounted for over half of the ...

Global Bitcoin Mining Industry Regroupes After the 3rd Halving

Aug 11, 2020

The Bitcoin mining landscape has changed substantially since the 3rd halving in May. Though on the whole, the volume of bitcoin mining industry has kept an upward trend, profound changes have taken place in the distribution of computing power, the number of miner groups and the composition of mi...

New CFO Aims to Double Ebang’s Revenue for 2020 By Launching an Exchange

Jul 1, 2020

One of the leading Bitcoin mining hardware manufacturers in China is looking to expand its business and nearly double its revenue this year, a Bloomberg report revealed yesterday. Ebang, the third largest ASIC producer in China after Bitmain and Canaan, has been set on taking over a bigg...

Chinese Bitcoin Miner Maker Ebang Hits Nasdaq with Expansion Blueprint

Jun 28, 2020

On June 26, Ebang International Holdings —  bitcoin mining equipment manufacturing company was listed in the Nasdaq market with ticker NASDAQ: "EBON".                     The first day of trading of NYSE : EBON, share closed nearly 14% down from ...

Leaked Documents Show Bitmain’s Jihan Wu Could Face Charges For Fraud and Embezzlement

Jun 23, 2020

The power struggle in one of the largest Bitcoin mining hardware manufacturers in the world is still ongoing but could reach a very nasty end soon, at least according to some leaked documents. Micree Zhan and Jihan Wu, the founders of Bitmain, have been embroiled in a bloody battle for contro...

Bitmain and Canaan have lost share of Bitcoin Mining Industry, but MicroBT is winning

Jun 20, 2020

With the eyes of the world pointed at Bitcoin’s price movements, many forget that there’s an entire, multi-billion dollar industry powering the world’s largest cryptocurrency quietly operating in the shadows—ASIC manufacturing. Those in the business of producing Bitcoin mining hardwar...

Mudslides in Sichuan Province Pose a Huge Threat to Bitcoin Miners in the Region

Jun 18, 2020

While the crypto industry is still trying to regain its strength after being hit hard by the COVID-19 outbreak, Bitcoin could see another major hurdle in the following weeks. The dreaded flood season has begun in China’s Sichuan province, which is home to some of the largest mining ope...

Bitcoin’s Mining Difficulty Dropped, Is a Bullish Period ahead?

Jun 6, 2020

Bitcoin’s mining difficulty dropped 9.29% yesterday, making it the fourth negative difficulty adjustment the network experienced in 2020. The difficulty, data has shown, went down from 15.14T to 13.74T. However, the drop in mining difficulty will spell good news for miners who have access t...