Price War Start Against Mining Operators in Sichuan As Supply Far Exceeds Demand

Apr 12, 2019

The former director of Bitmain’s mining farm once said the wet season may not be the final straw for miners. As he expected, mining farms in Sichuan currently reported that the supply of slots for mining equipment has far exceeded the demand. The wet season in Sichuan usually begins in Ap...

Bitcoin Market Rejects China’s Mining Ban Fear

Apr 11, 2019

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 ...

Bitmain and Canaan Said China’s Proposed Mining Ban won’t Impact their Operation

Apr 10, 2019

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...

Former Director of Bitmain Mining Farm: Wet Season May Not be the Final Straw for Miners

Apr 9, 2019

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’...

Chinese Crypto Miner’s Tragedy: A Cheap Electricity Swindle in Qinghai

Mar 8, 2019

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...

Can $0.01 Electricity Save Crypto Miners in Sichuan?

Feb 12, 2019

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...

Chinese Miner Willing to Pay 100 Bitcoins for Knowing the Perfect Mining Place in Middle East

Jan 28, 2019

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...

Mining in Mongolia is Still Profitable, 1000 New Miners set to Launch in 2019

Jan 14, 2019

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 ...

Fail of Bitmain’s Arch-rival: GMO Internet Exits Bitcoin Miner Production

Dec 27, 2018

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...

Two Listed Companies Spent Over 700 Million Yuan on Ebang’s Mining Devices in Q1 2018

Dec 24, 2018

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...