Bitmain Recovers, Claims Profits Despite Pandemic and Power Struggle
Chinese cryptocurrency mining hardware producer Bitmain is now poised for a rebound after hitting a rough patch. Go to Source Powered by WPeMatico
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Mining Sector Sees Extreme Volatility Amid Coronavirus and Crash During Q1
TokenInsight reports that Q1 2020 saw significant hash rate volatility and some mining farms fell into negative performance. Go to Source Powered by WPeMatico
Binance Pooling Up Mining Game Amid Centralization Concerns
Does Binance’s venture into mining threaten the integrity of blockchain systems? Go to Source Powered by WPeMatico
Miner Survivability Post-Halving: A Hash Rate Comparison
Poolin releases figures showing current hashrate distribution in the lower quartile to calculate miner capitulation after the halving of Bitcoin’s block subsidy. Go to Source Powered by WPeMatico
US Bitcoin Holders Worry About Chinese Control of the Mining Network
Can Bitcoin remain decentralized if China already controls over half of the world’s mining operations? Go to Source Powered by WPeMatico
37% Expect Bitcoin’s Hashrate to be Higher After Halving: Poll
About 37% of the crypto community expects BTC’s hashrate to be higher 1 month after the block halving than it currently is. Go to Source Powered by WPeMatico
London Bitcoin Miner Argo Blockchain Reports 1,000% Revenue Increase to $10 Million
London Stock Exchange-listed bitcoin miner Argo Blockchain Plc said on Wednesday full-year 2019 revenue rocketed 1,000% to £8.62 million ($10.78 million) from £760,000 a year earlier. The company stated that the increase was due to a realignment of operations, from consumer-oriented mining as a service (MaaS) business to a proprietary mining model. Based in London, … Read more
Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm
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
Report: Bitmain Earned Over $300 Million in 2020 Despite Rumored Problems
Bitmain has already earned over $300 million this year despite rumoured economic and legal problems, new report suggests Go to Source Powered by WPeMatico
1 Cent per Kilowatt-Hour: China’s Sichuan Province Encourages Hydro-Powered Bitcoin Mining
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