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Leading manufacturer of crypto mining equipment Bitmain has opened a service center in Russia. Miners in the country will be able to repair their ASIC rigs locally, saving both time and money. Previously, they had to send faulty equipment back to China, dealing with customs formalities and paying costly shipping. Also read: Ant Creek: […]
The post Bitmain Opens Repair Center in Russia appeared first on Bitcoin News.
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Chinese mining hardware giant Bitmain is reputedly developing facilities in the United States. #NEWS
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According to public documents the mining giant based out of Beijing, Bitmain Technologies, is allegedly building a data facility near Port Walla Walla, Washington called ‘Ant Creek.’ Also read: Washington Politicians Defend Regulations as Cryptocurrency Exchanges Flee Is Bitmain Quietly Constructing a Large Mining Facility in Washington State? The mining company and device manufacturer Bitmain […]
The post Ant Creek: Is Bitmain Quietly Developing a Mining Facility in the US? appeared first on Bitcoin News.
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Back in the spring of 2017, the discussion of a technology called ‘ASIC Boost’ was a very hot debate amongst bitcoin proponents. Bitcoin core (BTC) supporters were extremely upset with the firm Bitmain Technologies and its owner Jihan Wu for allegedly using ASIC Boost covertly, even though the company denied it. Now according to reports […]
The post From ‘Attack’ to ‘Optimization’ — Slush Pool Reveals ASIC Boost Compatibility appeared first on Bitcoin News.
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The controversial owner of the web portal Bitcoin.org and Bitcointalk, an anon named ‘Cobra Bitcoin’, has been a popular subject within the cryptocurrency community lately. It’s strange that a person who nobody really knows has so much control within the BTC community, and lately his messages have been very cryptic, even making some believe his […]
The post The Curious Case of ‘Cobra Bitcoin’: The Peculiar Anon with a Lot of Power appeared first on Bitcoin News.
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Chinese mining tech company Bitmain reportedly saw higher profits than long-time American GPU giant Nvidia in 2017 #NEWS
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The wealth of bitcoin mining titan Bitmain has long been assumed to be north of “huge”. Thanks to its near-monopolization of the ASIC manufacturing business, Bitmain has effectively had a license to print money. This week, Bernstein analysts released a report into Bitmain’s operations. It estimates the Chinese firm to have made $3-$4 billion last […]
The post Bitcoin Hardware Manufacturer Bitmain Made a Profit of up to $4 Billion Last Year appeared first on Bitcoin News.
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There are rumors on the internet that Bitmain is working on yet another cryptocurrency mining hardware unit. While that in itself is not spectacular by any means – especially because it is the company’s business model – this latest venture would focus on Ethereum ASIC mining. Although it remains to be seen if there is any truth to these rumors, the prospect of an Ethereum ASIC mining unit is quite interesting, for obvious reasons. An ASIC Miner for Ethereum Makes no Sense While some people have speculated that Bitmain is working on a new ASIC mining device for Ethereum, there’s no real evidencePowered by WPeMatico
Bitcoin and cryptocurrency mining has become a growing industry, and mining operations continue to compete by making faster chips and purchasing large quantities of land to host data facilities all over the world. Data recorded from around the globe shows the mining economy is booming and the venture has become very profitable for many mining […]
The post Cryptocurrencies Are Pushing Semiconductor Innovation and Profits appeared first on Bitcoin News.
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This week one of Europe’s largest power companies, Enel, has announced the firm has absolutely “no interest whatsoever in selling power” to cryptocurrency miners. Also read: Dead again? In Reality Bitcoin Is Up 729% Since Last February One of Europe’s Largest Power Companies Allegedly Evaluated Cryptocurrency Mining Operations The Italian multinational renewable-energy corporation located in Rome, […]
The post Large European Power Company Will Not Sell Electricity to Crypto-Miners appeared first on Bitcoin News.
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