The Future of Crypto Mining is All About Computing Power, Says RRMine Global CEO
Crypto mining’s future will become more tech oriented, says CEO of RRMine global. Go to Source Powered by WPeMatico
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BTC.top Launches ‘Joint Mining’ Platform, Pitching It as a Cloud Mining Killer
The Chinese mining pool is offering an alternative to cloud mining, charging fees only after their equipment starts to pay for itself. Go to Source Powered by WPeMatico
Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia
Reports detail that 10,000 Antiminers have been allegedly stolen from a Bitmain facility in China. Sources say that the missing mining rigs concern the ongoing power struggle between Bitmain cofounders Jihan Wu and Micree Zhan. Back in mid-June news.Bitcoin.com reported on the power struggle between the Bitmain cofounders. For many years now Bitmain has been … Read more
Bitcoin Mining Firm Northern Data Slams ‘Trolls’ After Stock Drops 40%
Northern Data’s head of finance calls whistleblowers “anonymous trolls” and says that the company is completely transparent. Go to Source Powered by WPeMatico
Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%
A new report by crypto research company Bitooda claims that China accounts for only 50% of global Bitcoin mining capacity, and the U.S. 14%. The data is in sharp contrast with earlier findings from the University of Cambridge Centre for Alternative Finance (CCAF), which put China’s share of the world hash rate at 65% and … Read more
Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low
Onchain data shows that bitcoin miners are hoarding despite the 50% loss in revenue that started on May 11, during the third reward halving. The seven-day average of bitcoin miners’ outflow volume and mining funds sent to exchanges remains significantly low. Roughly four weeks ago on June 19, the total amount of BTC transferred out … Read more
China Controls 50% of Bitcoin Mining While US Hits 14% — New Survey
Shifting estimates of China’s Bitcoin mining presence come with the proviso that much capacity remains “unaccounted for.” Go to Source Powered by WPeMatico
Fidelity Acquires 10% Stake in Bitcoin Mining Firm Hut 8
The giant fund manager Fidelity International holds roughly 10.6% stake in the bitcoin mining company Hut 8. For six years now, Fidelity, the firm that currently manages $300 billion on behalf of its customers, has been mining the cryptocurrency bitcoin. In May 2017, news.Bitcoin.com reported on Fidelity integrating with Coinbase, mining bitcoin, and even accepting … Read more
Bitcoin Difficulty Touches All-Time High, 120 Exahash of Hashpower Remains Strong
The network difficulty for the Bitcoin network spiked over 9.8% on Monday bringing the difficulty to its highest point ever. The record high of 17.35 trillion makes it much harder for bitcoin miners to profit. However, the overall Bitcoin network hashrate has remained consistently above the 120 exahash per second (EH/s) zone. On July 13, … Read more
Romanian Programmer Admits Conspiring to Create $722M Bitclub Ponzi Scheme
A Romanian man admitted Thursday to conspiring to engage in wire fraud and selling unregistered securities linked to Bitclub Network, a cryptocurrency mining Ponzi scheme worth at least $722 million. Silviu Catalin Balaci, 35, a Romanian citizen appeared before U.S. District Judge Claire C. Cecchi. Balaci pleaded guilty to a superseding information charging him with … Read more