Bitcoin mining is gradually shifting base. From being concentrated in China, miners have started a gradual but steady migration to countries that present more friendly conditions for their industry. The two major factors that have determined the situation of Bitcoin mining farms over the yea...
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...
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...
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 ...
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...
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...
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 ...
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...
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...
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...
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