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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
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
The Chinese city of Ya’an plans to encourage local mining operations powered by its hydroelectric electricity generation facilities Go to Source Powered by WPeMatico
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
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
Customers that bought AntMiners S17+ and T17+ before the price cuts have the right to a partial refund from Bitmain Go to Source Powered by WPeMatico
During the first week of March, news.Bitcoin.com reported on a $65 million investment into the ‘behind-the-meter’ bitcoin mining operation, Greenidge Generation LLC in Dresden, New York. The Greenidge plant operates 7,000 bitcoin miners and on April 8, the firm revealed the sale of 106 petahash of hashpower to an undisclosed buyer. The purchase is considered … Read more
A New York mining facility has sold 106 petahash of computing power using a new, regulated instrument: a Bitcoin hashpower contract Go to Source Powered by WPeMatico
The global impact of the coronavirus crisis should never be underestimated. Even in the Bitcoin mining industry, there are some shockwaves, albeit not everyone is affected in the same manner. A very interesting set of events has taken place in recent weeks. Bitcoin Mining is Still in a Good Place First of all, there is … Read more
Canaan witnessed a decrease in its total net revenue for 2019 to almost half of 2018 printed figures Go to Source Powered by WPeMatico