Bitmain Confirms Ousting of Micree Zhan, Threatens Legal Action
Bitmain issued statements saying that Micree Zhan has been ousted and threatened him and employees supporting him with legal action for not complying. Go to Source Powered by WPeMatico
Bitcoin Mining
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Examine the Bitcoin First Difficulty Adjustment Post 2020 Halving
It will still take time to stabilize the miner revenue from fees before the Bitcoin network can display some healthy growth. Go to Source Powered by WPeMatico
Bitcoin Miners Will Use Derivatives Like Traditional Commodity Producers
Miners need traditional financial products in order to hedge against the risk of increasing hash rate and difficulty. Go to Source Powered by WPeMatico
Iranian President Calls for Launching a Cryptocurrency Mining Strategy
Iranian President Hassan Rouhani has called for a mining strategy throughout the oil-rich nation. The latest statements from the Iranian President follows Iran’s moves to restrict specific crypto trading platforms over “currency smuggling” mandates. On May 20, 2020, Iran’s President Hassan Rouhani told the press that the country needs to spur a cryptocurrency mining strategy, … Read more
China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack?
Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate. Go to Source Powered by WPeMatico
Institutional Investors Buying Up BTC Like Crazy After Halving
Institutional investors brewing a perfect Bitcoin storm Go to Source Powered by WPeMatico
Bitcoin Hashrate Slides 33% Since Halving – Difficulty Drops, Issues in Sichuan China
It’s been 11 days since the third bitcoin block reward halving. Data now shows that the overall SHA256 hashrate lost around 47 exahash per second (EH/s), since the all-time high of 140 EH/s on May 3. With more than 33% of the hashrate lost, reports stemming from Sichuan China indicate that bitcoin mining operations have … Read more
People Are Removing the Most Bitcoin From Exchanges Since 2018 Bottom
Exchange reserves hit an 18-month bottom while miners keep selling despite lower revenues after the halving. Go to Source Powered by WPeMatico
Miner Revenues Crash, But This Has Always Marked Bitcoin Price Bottoms
The drop-off in Bitcoin mining revenue to 2019 levels show a macro bottom for BTC is near as the impact of the halving is starting to be felt. Go to Source Powered by WPeMatico
Bitcoin.com’s Mining Video Censored: The Tale of Youtube’s Blatant Censorship and Propaganda
During the last few years, the Google-owned Youtube platform has been accused of massive censorship and in the last three months, the video streaming business resembles the Ministry of Propaganda, more than an online video-sharing platform. This week Bitcoin.com was also censored for sharing a video about our bitcoin mining pool. Bitcoin.com’s Youtube account was … Read more