Cryptojacking Attacks Skyrocket By 8,500% In 2017, With China Among the Hardest Hit

Apr 14, 2018

A meteoric rise in the value of bitcoin and most of its peers in 2017 triggered a cryptojacking gold rush, and China has become the No.1 most affected country by ransomware attacks in the Asia-Pacific region, according to Symantec's Internet Security Threat Report (ISTR), Volume 23. ...

Crypto Mining, A Big Contributor to TSMC’s NT$248.08 Billion Q1 Revenue

Apr 11, 2018

Taiwan Semiconductor Manufacturing Co Ltd (TSMC), the world’s largest chip contract manufacturer, has posted its consolidated revenue for the first quarter of 2018 on 10th of April. The consolidated sales for Q1 totaled NT$248.08 billion, up 6.1% from last year. Bitcoin mining cont...

China’s Second Largest Bitcoin Miner Canaan Seeks Hong Kong IPO

Apr 8, 2018

 Canaan Creative, one of the world’s largest bitcoin mining machine maker, is considering  an initial public offer(IPO) outside mainland China after scrapping its plan to list on China’s National Equities Exchange and Quotation (NEEQ), or the New Third Board in late March, ...

“Ice Age” for Bitcoin Miners? Smart Retails Can Still Make Profits

Mar 28, 2018

As bitcoin and most of other cryptocurrencies have dropped to a point where it’s not that profitable to produce, a lot of miners lose their incentives. A severe decline occurs in the mining machine market. In Huaqiang North Commercial Area (HNCA), the world’s largest distribution cen...

Canaan(Avalon) and Ebang Retreat from Domestic Stock Market

Mar 22, 2018

March 21 2018, it was reported that, Canaan Creative, the China-based bitcoin mining chip maker, ranks only second to Bitmain, has given up its debut on China’s National Equities Exchange and Quotation (NEEQ), also known as the “new third board”.  Canaan Creative, known simply as...

Bitmain To Release Antminer X3 CryptoNight ASIC miner with 220 KH/s Hashrate

Mar 16, 2018

The Chinese cryptocurrency mining hardware manufacturer Bitmain has just launched the all-new Antminer X3 CryptoNight ASIC miner which is much more powerful than what Baikal miner is offering. The Bitmain Antminer X3 promises 220 KH/s hashrate for Cryptonight at 550 Watts of p...

After Peter Todd, Founders of Bitmain and BTC.TOP Also Criticize on Lightning Network…

Mar 5, 2018

Bitcoin Core developer Peter Todd demonstrated his point of view of Lighting Network on Twitter last week and he suggested that it is technically insufficient at current stage. Todd emphasized that, c-lightning segfaults a lot, writing in C language is also too dangerous to be a good idea....

Meitu Founder Cai Wensheng: Regulatory Crackdown on Bitcoin Mining is Not Wise

Feb 24, 2018

“3 o’clock sleepless blockchain” group is a newborn Wechat group. As its name suggests, members in this group are so active that group members keep debating and discussing blockchain projects and cryptocurrencies until 3 o’clock at night. This Wechat group attracts many famous investors and...

Final 4,200,000 Bitcoins To Be Mined, The Big Game Of Mining Chip Algorithm

Feb 20, 2018

Miners used to mine bitcoins via CPU of PC at the birth of bitcoin. Simply downloading a software, “puzzles” then could be solved automatically and bitcoins’ awarded. However, the price of bitcoin spiking 1300% close to $20,000 in 2017 greatly boosted the mining enthusiasm. As bitcoiners...

Bitcoin Mining Status in China: Giants Earns $11 Million in 2 Months While Small-scaled Miners Choose to Quit the Game

Feb 4, 2018

As bitcoin slides and the regulatory tightening these days, small-scale bitcoin miners choose to ‘stop daydreaming’ and quit this industry while the mining giants in China are upping the ante to join in the game. Their average revenue have surpassed 70 million Yuan ($11 million USD) in two ...