Iran’s crypto mines could be used to help fund car imports
It seems that the private sector is not satisfied with the country’s local fiat money. Go to Source Powered by WPeMatico
Bitcoin Mining
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Bitcoin hashrate remains strong during monsoon season
Mining operations in China were not adversely affected by the heavy rains. Go to Source Powered by WPeMatico
‘Struggling’ Bitcoin sets a new all-time hashrate record, breaking the 150 TH/s plateau for the first time
“In Bitcoin we trust”, say miners unfazed by the market. Go to Source Powered by WPeMatico
Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. For the three … Read more
‘We’re getting paid to produce Bitcoins’ reveals Texas BTC miner
Layer1’s plan to sell excess power back to Texans has resulted in 700% profits Go to Source Powered by WPeMatico
Mysterious Bitcoin mining pattern potentially solved after seven years
We may not know who Satoshi Nakamoto was, but at least this is one mystery we think we can solve. Go to Source Powered by WPeMatico
Mining rig manufacturer Canaan announces narrowing net loss in Q2 results
A vastly improved gross margin on sales contributed to a reduction in net loss of over 90% compared to figures from a year ago. Go to Source Powered by WPeMatico
Geopolitical risks prevail as new players emerge in the crypto mining space
China is not the only country that wants control of this highly coveted industry. Go to Source Powered by WPeMatico
Digital Currency Group Pledges $100 Million to Bolster Bitcoin Mining Industry
The firm Digital Currency Group (DCG) is entering the mining industry, as the firm has pledged $100 million into a cryptocurrency mining firm called Foundry. The mining company Foundry was noiselessly founded in 2019 and it aims to offer capital, consulting, and intelligence to digital assets miners. Bitcoin mining is becoming a massive industry and … Read more
Capturing Petahash: Marathon Obtains 3,300 Bitcoin Mining Rigs, Acquires Fastblock for $22 Million
The Nasdaq-listed cryptocurrency mining company, Marathon Patent Group, has announced it will be purchasing Fastblock Mining in an all stock transaction. The firm’s letter of intent revealed Marathon will acquire Fastblock for around $22 million. The company will obtain 3,304 ASIC bitcoin miners from the deal, which will give the business a total of 5,364 … Read more
