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Crypto mining giant Bitmain is facing a class action lawsuit of $5 million that alleges it mined cryptocurrency for its own benefit on its customers’ behalfs Go to Source Powered by WPeMatico
AMD and Nvidia stocks fell by 48% and 36% correspondingly last month, and Bitmain has allegedly lost $600-700 million in Q2. Is the mining hardware industry falling along with crypto market? Go to Source Powered by WPeMatico
Bitcoin Cash went through its hard fork on Thursday, November 15 at 17:52 UTC after the mining of block number 556,767. Almost two days later, the two factions that remain are Bitcoin ABC and Bitcoin SV. While SV had the lead in mining power before the split at over 70 percent, the tables turned immediately … Read more
Bitmain has dominated ASIC manufacturing since it was founded in 2013. One man has been at the forefront of this domination, leading the company into the giant that it is today; Jihan Wu. However, it may not be so for much longer, with a Chinese publication revealing that a recent reshuffle has demoted the renowned … Read more
Bitmain’s directorship could now look very different after unconfirmed reports that Jihan Wu is now only a “supervisor” for the company Go to Source Powered by WPeMatico
The Bitcoin Cash split becomes increasingly probable. Bitmain is deploying 90k Antminers to back Bitcoin ABC (49% nodes), and Bitcoin SV (6% nodes) is supported by the largest Bitcoin mining pool Go to Source Powered by WPeMatico
Bitmain has sued a “John Doe” hacker for stealing $5.5 million in crypto via unauthorized access to Bitmain’s account on Binance and price manipulation Go to Source Powered by WPeMatico
Ahead of the imminent Bitcoin Cash hard fork, mining giant Bitmain has scurried to deploy around 90,000 Antminer S9 machines to the western Chinese region of Xinjiang Go to Source Powered by WPeMatico
Bitcoin mining behemoth Bitmain has officially released two new 7nm (nanometer) “Antminer” crypto mining machines, designed to mine with the SHA256 algorithm Go to Source Powered by WPeMatico
The breakeven cost of Bitcoin mining is at around $7,000 to $8,000. Yet, miners are still mining at a loss Go to Source Powered by WPeMatico