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The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable lines in order to siphon free electricity from […]
The post Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm appeared first on Bitcoin News.
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The local government of Ya’an city, in China’s Sichuan province, has announced the region is encouraging bitcoin mining in Sichuan if operations leverage the local hydropower plants. The document released by Ya’an city officials is in stark contrast to how Sichuan lawmakers felt about mining in 2018. Back then the government and China’s central bank […]
The post 1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining appeared first on Bitcoin News.
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The Chinese city of Ya’an plans to encourage local mining operations powered by its hydroelectric electricity generation facilities
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The future of Bitcoin mining during the coronavirus remains in question. Not all countries deem these operations “essential” or “non-essential”, raising a lot of questions. Most Bitcoin mining firms appear to be trucking along nicely. What Comes Next for Bitcoin Mining Operations? How long that situation will remain in place, is a different matter altogether. During the coronavirus crisis, it has become apparent that these operations aren’t always essential. That situation differs greatly from one region to the next, however. Canada, for example, still classifies Bitcoin mining farms as “essential businesses“, which is somewhat surprising. In Argentina, on the other
The post Coronavirus Crisis may Shake up Smaller Bitcoin Mining Operations appeared first on The Merkle News.
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Competition is heating up in the world of bitcoin mining rig manufacturing. Just recently, the Chinese producer Microbt has announced the launch of the M30S++ miner that processes speeds up to 112 terahash per second (TH/s). The news from Microbt follows Bitmain’s announcement at the end of February, which saw the manufacturer reveal two miners […]
The post Microbt Reveals Two Next-Generation Mining Rigs With Speeds Up to 112 Terahash appeared first on Bitcoin News.
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Customers that bought AntMiners S17+ and T17+ before the price cuts have the right to a partial refund from Bitmain
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During the first week of March, news.Bitcoin.com reported on a $65 million investment into the ‘behind-the-meter’ bitcoin mining operation, Greenidge Generation LLC in Dresden, New York. The Greenidge plant operates 7,000 bitcoin miners and on April 8, the firm revealed the sale of 106 petahash of hashpower to an undisclosed buyer. The purchase is considered […]
The post Bitcoin Going Industrial: New York-Based Natural Gas Provider Sells Fully Compliant ‘Hashpower Contract’ appeared first on Bitcoin News.
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A New York mining facility has sold 106 petahash of computing power using a new, regulated instrument: a Bitcoin hashpower contract
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The global impact of the coronavirus crisis should never be underestimated. Even in the Bitcoin mining industry, there are some shockwaves, albeit not everyone is affected in the same manner. A very interesting set of events has taken place in recent weeks. Bitcoin Mining is Still in a Good Place First of all, there is the global coronavirus pandemic, creating massive havoc. Secondly, there was the major Bitcoin price drop which still can’t be explained today. It seems as if Bitcoin mining firms have not been affected by the coronavirus all that much. Some larger operations will need to keep
The post Coronavirus Disrupts Bitcoin Mining Supply Chains, BTC Price Drops are a Bigger Concern appeared first on The Merkle News.
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Canaan witnessed a decrease in its total net revenue for 2019 to almost half of 2018 printed figures
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