ASIC

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Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices

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While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries. Official Crypto Mining Rig Dealers Are Either Sold-out or Suspending Deliveries, Second-Markets Explode With Mining Products … Read more

How Many People Mined BTC Alongside Satoshi? 2010 Data Shows Bitcoin’s Creator Wasn’t the Only Mining Whale

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Throughout 2021, a great number of mysterious whale movements from miners who mined bitcoins in the early days have occurred. This week, 1,000 bitcoin from 2010 were transferred, and the miner has spent 11,000 bitcoin since last year. Old school whale movements like these have made some people assume that decade-old coinbase spends could stem … Read more

While Bitcoin’s Price Slumps the Network’s Mining Difficulty Reaches a Lifetime High

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After bitcoin prices took a hit following Tesla’s recent u-turn, Bitcoin’s mining difficulty jumped over 25 trillion, the highest the metric has seen during the protocol’s lifetime. The mining difficulty spike follows the recent 12% difficulty drop the network experienced two weeks ago. Bitcoin’s Mining Difficulty Jumps to 25 Trillion, Could Hit 30 Trillion in … Read more

Report: China’s Bitcoin Hashrate Dominance Dives, ‘North America Could Steal the Lead’

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A newly published regional report shows that China’s hashrate has likely dropped to 55% while the U.S. has climbed to 11%. Another study predicts that it’s possible North America could overtake China in terms of hashrate by the end of 2021. Bitcoin Mining Farm Operator Says Mining Industry in North America Is Booming For years … Read more

Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to ‘Inconsistencies’ in Transport Documents

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The Bolivarian National Guard of Venezuela (GNB) is known for having a tough stance against crypto mining rig counterfeits, as several operations have been assigned to combat the issues over the last few months. This time, the Venezuelan authorities seized 76 mining rigs after allegedly detecting inconsistencies in the transport documentation. Rigs Are Presumably ASIC … Read more