Chinese Miners Become the Biggest Bitcoin Short-seller in the Bear Market

Dec 6, 2018

“If I mine 30 tokens in the next month, while its price may continue to fall by another 10% according to the current trend, I shall place a short order on the exchange to sell them at current price but deliver one month later,” said Jin Xin, an ordinary Chinese miner. The current Bitcoin...

No More than 60% Miners Remain in China, 80% of Them Center in Sichuan

Dec 3, 2018

Crypto miners suffered a lot from the recent market crash, especially for those located in regions with high power cost, for example, China. It was reported that many Chinese miners have shut down their mining machines as the mining profit cannot cover the electricity cost. In the previous w...

F2Pool Will Support the Mining of BCHABC and BCHSV after Bitcoin Cash Hard Fork

Nov 14, 2018

F2Pool, the sixth largest bitcoin mining pool in the world, announced on Tuesday that it will allow miners to mine both coins generated from the upcoming Bitcoin Cash hard fork after the chain splits. According to the statement F2Pool posted on its WeChat official account, the nex...

Two Principals in China Caught Mining Ethereum at Local Middle School

Nov 9, 2018

Two middle school principals in China have been caught and punished by using the school’s electricity to mine Ethereum for over the course of several months, local media outlet The Paper reported on November 7. Employees at Puman Middle school in Hunan Province had been bothere...

Bitcoin Mining’s Electricity Consumption Has Doubled in First 3 Quarters in China

Nov 3, 2018

Chinese authorities’ effort to curtail cryptocurrency mining seems to fail. From January to September, the electricity consumed by bitcoin mining has experienced a considerable increase in the country, according to a report from National Business Daily. China’s electricity consumption...

The Risky Factors Emerge from Bitmain’s IPO Statement: the ICs, Tax and Regulatory issue

Sep 27, 2018

September 26, Bitmain Technologies, the Chinese cryptocurrency mining giant finally released its public financial statements for the first time, thoroughly exposed its ambition of going public on the Hong Kong Stock Exchange (HKSE). The China International Capital Corporation Limit...

Satoshi Nakamoto may Have Generated Less Bitcoin, a Bitmex Research Says

Aug 24, 2018

A dominant miner, presumably Satoshi Nakamoto, may have generated significantly less than a million bitcoin as it is generally assumed, a five-year-old research by crypto-coin trading platform, Bitmex, has shown. This view counters the argument by blockchain researcher, Sergio Demian Lerner,...

Bitmain Ranks No. 13 in Hurun Greater China Unicorn Index

Jul 19, 2018

July 18, Hurun Report launched the Hurun Greater China Unicorn Index 2018 Q2, in association with Shimao Qianhai Center. It is the third time for Hurun Report to launch an unicorn index. According to the report, in the first half of 2018, a new unicorn comes into being in every 3.5 d...

Floods in Sichuan China is Not Significant Enough to Cause A Drop on Bitcoin Hashrate

Jul 2, 2018

Floods in the Sichuan province in China causes vast damage to major cryptocurrency mining operations in this area due to the heavy rains on June 27th and June 28th. According to a local blockchain and crypto industrial media Golden Finance, the floods in Sichuan leads to a drop in bitcoin ...

Canaan Likely to Surpass Bitmain in 7nm ASIC Chips Mass Production

Jun 5, 2018

Crypto mining represents an on-going growing opportunity for chip manufactures, mining operations continue to compete by making faster chips. Two China-based mining hardware giants, Bitmain and Canaan are currently engaged in an ASIC chip race. According to industrial news, Canaan will ro...