China’s Bitcoin hash power fell before the crackdown: Cambridge data
Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power has quadrupled. Go to Source Powered by WPeMatico
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Green miner Bitfarms’ production up 50% after China ban, as Compass goes nuclear
Bitfarms is producing more BTC at a lower cost due to the drop in difficulty. Go to Source Powered by WPeMatico
Internet Company The9 Reveals Hosting Partnership With Russian Bitcoin Miner Bitriver
During the first week of April, the publicly-listed gaming and internet company The9 Limited revealed its intentions to purchase 2,000 Avalonminers from the manufacturer Canaan. On Monday, The9 announced it has signed a hosting agreement with the Russian-based firm Bitriver as the company will leverage 15 megawatts (MW) of Bitriver’s capacity for two years. The9 … Read more
Record low Bitcoin velocity suggests BTC may ‘move to the downside’
Weekly Bitcoin transactions and velocity hit record lows, leading one analyst to suggest that even with BTC stable at $33,000, further downside could ensue. Go to Source Powered by WPeMatico
Greenidge Joins Foundry USA, Deal Gives Bitcoin’s Fifth-Largest Pool 800 Petahash
Greenidge Generation Holdings Inc., the mining firm based in Upstate New York, has announced the company has partnered with the Digital Currency Group mining and staking subsidiary Foundry Digital LLC. Furthermore, Greenidge revealed that it has purchased 2,300 Microbt-manufactured Whatsminer M30S mining rigs and also secured financing for 6,000 Bitmain-made Antminer S19 devices. Greenidge Partners … Read more
China’s Anhui Province to Shut Down Crypto Farms as Grid Operator Issues Closure Notice, Reports
Anhui has reportedly become China’s latest region planning to end cryptocurrency mining. The province is going to shut down all mining facilities due to power supply shortages, according to local media. Another source revealed that the state-run network operator has issued a closure notice for bitcoin farms across the country. Anhui to Halt Bitcoin Mining … Read more
Bitcoin mining ban an easy decision for China, says Bitmain EMEA partner
Half of what was lost due to China’s crackdown on Bitcoin mining will not ever go back online, Phoenix Store’s CEO says. Go to Source Powered by WPeMatico
China shuts down crypto mining in Anhui province
The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations. Go to Source Powered by WPeMatico
The9 signs green Bitcoin mining deal with Russian firm BitRiver
BitRiver utilizes only surplus hydroelectric power to operate its data centers in Russia and CIS countries. Go to Source Powered by WPeMatico
Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation
Signs of BTC accumulation begin to emerge as the network’s hashrate rises and exchange outflows increase in July. Go to Source Powered by WPeMatico