A Closer Look at the Bitcoin Network’s Post-Halving Hash Rate
Bitcoin network hash rate experienced some decline, but the first difficulty adjustment post-halving will still see a positive adjustment Go to Source Powered by WPeMatico
Bitcoin Mining
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Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116 BTC, down 54% from the 2,405 … Read more
Riot Blockchain’s Bitcoin Mining Revenues in Q1 Rise 70% Year-on-Year
Biotech firm-turned-Bitcoin miner Riot Blockchain disclosed strong results for Q1 2020 in its latest quarterly report filed with the U.S. Securities and Exchange Commission. Go to Source Powered by WPeMatico
Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue
The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U.S. Securities and Exchange Commission (SEC) for initial public offering (IPO) status. However, the prospectus sent to SEC shows that while Ebang … Read more
65% of Global Bitcoin Hashrate Concentrated in China
A new bitcoin mining map by the University of Cambridge shows that China accounts for 65% of the world’s hash power. About half of the country’s hash rate is produced in just one place, the autonomous Xinjiang region, which makes up 35.76% of the global total. Launched recently, the university’s Bitcoin Mining Map provides data … Read more
Recap of Cointelegraph Talks: Bitcoin’s Block Reward Halving
Industry leaders from Bitfinex, Poolin mining and TradeBlock research briefed a number of timely topics, including halving effects on Bitcoin amid COVID-19 uncertainty. Go to Source Powered by WPeMatico
Iran Licenses $7.3 Million Bitcoin Mining Enterprise, Move Aimed at Easing U.S. Sanctions
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
Binance Pooling Up Mining Game Amid Centralization Concerns
Does Binance’s venture into mining threaten the integrity of blockchain systems? Go to Source Powered by WPeMatico
37% Expect Bitcoin’s Hashrate to be Higher After Halving: Poll
About 37% of the crypto community expects BTC’s hashrate to be higher 1 month after the block halving than it currently is. Go to Source Powered by WPeMatico
London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million
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