Bitcoin Mining

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Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions

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Iran has issued a bitcoin mining license to Iminer, a Turkish-based company. Iminer will operate up to 6,000 rigs, with a computing power of 96,000 terahash per second (TH/s) in total. According to media reports, the miner has spent $7.3 million setting up the mining facility, located in Iran’s central city of Semnan. It is … Read more

London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million

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London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented mining as a service (MaaS) business to a proprietary mining model. Based in London, … Read more

Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm

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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 … Read more

1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining

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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 … Read more

Coronavirus Crisis may Shake up Smaller Bitcoin Mining Operations

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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. … Read more

Microbt Reveals Two Next-Generation Mining Rigs With Speeds Up to 112 Terahash

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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 … Read more