Bitmain Pulls Schrödinger’s Act as Power Struggle Reaches New Heights
Bitmain is having a Schrödinger moment as official accounts make contradictory statements on payment details. Go to Source Powered by WPeMatico
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Bitcoin’s 5% Drop in Value Puts Pressure on BTC Mining Operations and Older ASIC Rigs
During the last seven days, the price of bitcoin has dropped 4.8% from a high of $9,700 on June 24, to a low of $8,965 on June 27. Since then the price has increased and the price per bitcoin is back above the $9k zone but much lower than before. The lower price has affected … Read more
US Contract Miner Core Scientific Buys 17,600 Bitcoin Miners From Bitmain
U.S. contract mining firm Core Scientific has agreed on a deal to buy 17,600 mining rigs from Chinese bitcoin hardware maker Bitmain Technologies Inc. The company is buying Bitmain’s next-generation bitcoin (BTC) miner, the Antminer S19, it said in a statement on June 29. The miners will be fully installed at data centers operated by … Read more
US Blockchain Firm Buys 17K Bitcoin Mining Rigs From Bitmain
Core Scientific signs deal to buy Bitcoin mining machines from mining hardware producer Bitmain, company says, as American mining interest goes up. Go to Source Powered by WPeMatico
Galaxy Digital and Bitmain Lead AVA Project’s $12M Private Token Sale
In anticipation of AVA mainnet launch this summer, Emin Sirer’s AVA project raises $12 million from major industry investors. Go to Source Powered by WPeMatico
Bitcoin Mining Chip Manufacturer Ebang to List on Nasdaq This Week
On Friday, June 26, the China-based Zhejiang Ebang Communication, often referred to as Ebang, will be listed on Nasdaq, according to various reports. Ebang’s initial public offering (IPO) will be the second U.S.-based IPO for an ASIC mining manufacturer joining the company Canaan. The Ebang IPO prospectus was also updated on June 17, raising the … Read more
Ousted Bitmain Co-Founder Offers to Buy $4 Billion in Shares
Micree Zhan released a scathing letter directed towards fellow Bitmain co-founder Jihan Wu, offering to buy out control of the company. Go to Source Powered by WPeMatico
Bitcoin ASIC Miner Manufacturing Domination: Bitmain and Microbt Battle for Top Positions
On June 16, 2020, Bitmex researchers published a report that noted bitcoin mining rig manufacturers have consolidated a great deal and in the future, Bitmex researchers predict that “only 2 to 3 players will survive into the longer term.” There’s still a number of SHA256 mining rig manufacturers today, and regional reports claim that the … Read more
Experts Say Bitcoin Difficulty Adjustment Might Prompt Miners to Switch Off Again
As the network gets readjusted, and Bitcoin mining difficulty increases, older generations of mining machines might be out again. Go to Source Powered by WPeMatico
Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China
It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed down. Furthermore, a recent research report … Read more
