Recent news that China is planning to eliminate the crypto mining industry from within its borders has not really swayed Bitcoin market sentiment. Chart flows from Coinmarketcap and TradingView show the top cryptocurrency has maintained a firm grip on its over $5,000 price and, going by ...
April 8, China’s state economic planning agency, the National Development and Reform Commission (NDRC) released a draft version of the 2019 Directory Catalogue on Readjustment of Industrial, in which crypto mining has been included in a list of sectors it plans to eliminate. Accor...
As Bitcoin starts to make a major leap within the past week, crypto enthusiasts can all take a breath to celebrate the bullish market. Miners can’t wait to turn on their mining devices to make money after a depressing bearish time. Yu Wei, former director of Bitmain mining farm in China’...
Although the current crypto market activity is spiking, the volumes are will lackluster when compared to those seen at the height of 2018’s speculative mania. The long-term crypto winter doesn’t seem to end in a short time while miners can be easily lured in low electricity scam in this situatio...
Although the environment for crypto mining business is incredibly harsh at present, ambitious miners are eager for action under the dual enticement of the dumping price of mining device and the extreme cheap electricity in Sichuan as the wet season is upcoming. As the mining hub in China, Si...
Crypto miners are suffering from the currency crypto crash. Even Bitcoin, the uncrowned king of cryptocurrency has been trading at around $3500, which represents over 80 percent drop from its all-time high of $20,000 in late 2017. At this time, energy cost becomes a key factor of mining profi...
Mongolia, a landlocked country bordered by China and Russia has emerged as the new destination for cryptocurrency miners with its cheap electricity and cold weather. Even in the bear market, Bitcoin miners in Japan is eyeing the East Asia country for expansion. Of late, the Tokyo based ...
Japanese internet giant GMO INTERNET Group has launched a quitting announcement on Dec.25 to stated that the firm will no longer manufacture, develop or sell cryptocurrency mining hardware devices. According to the public document, the company decided to quit the Bitcoin mining ha...
Ebang, the China-based communication and one of the largest bitcoin mining chip markers in China, as well as the producer of E9 miner, has updated its IPO application on December 20. In the update IPO filling, Ebang emphasized it was ranked among the world’s top three producers of B...
As Bitcoin and most of the other cryptocurrencies have dropped to a point where it’s hard for miners to make a profit through mining, a severe decline in demand occurs that accelerates cooling down of the mining machine market. In Huaqiang North Commercial Area (HNCA), the world’s la...
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