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...
“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...
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, 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 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...
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...
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...
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,...
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 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 ...
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