Mining Giant Bitmain May Lay Off Another 50% of Staff Before BTC Halving
Cryptocurrency mining giant Bitmain is reportedly working to reduce its workforce by another 50 percent pending the BTC halving Go to Source Powered by WPeMatico
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Bitcoin Kicks Off 2020 More Secure Than Ever as Hash Rate Hits Record
Bitcoin continues to dispel concerns over price as the network hash rate becomes stronger than ever before Go to Source Powered by WPeMatico
Debate Ensues After 68% of BCH Hashrate Mined by Stealth Miners
2019 was known for the growing trend of stealth miners mining on the BTC and BCH network. On Dec. 30, data shows that 68% of the Bitcoin Cash network’s hashrate is being mined by mystery miners. As the year comes to an end, the large number of unknown BCH hashrate has attracted scrutiny. Also Read: … Read more
Chinese Bitcoin Miners Pressured to Scale Down Due to Electricity Shortages
Chinese Bitcoin mining farms feel pressure from local authorities to scale down their mining operations during the dry season Go to Source Powered by WPeMatico
Binance Will Support Newly Announced Ethereum Muir Glacier Upgrade
Binance to suspend Ether deposits and withdrawals to support the recently announced Ethereum Muir Glacier upgrade expected for Jan. 1 Go to Source Powered by WPeMatico
Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season
Regional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization. Also … Read more
Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020
Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass production next year. The firm Canaan also recently announced that the … Read more
Google Suspends MetaMask From Its Play App Store, Citing “Deceptive Services”
Google suspends MetaMask’s android client from its Play app store and rejects MetaMask’s appeal Go to Source Powered by WPeMatico
Canaan’s New 5-Nanometer Chips to Escalate ASIC Arms Race With Bitmain
Chinese mining ASIC producer Canaan plans to roll out machines based on 5-nanometer chips in Q1 2020 Go to Source Powered by WPeMatico
Another Bitcoin All-time High as the Hashrate Keeps Spiking
Many factors influence the popularity and value of bitcoin. When looking at the overall network hashrate, the current situation doesn’t look half bad. In fact, bitcoin’s mining power reached a new all-time high earlier this week. Bitcoin Hashrate Grows Seems Unstoppable It only seems like a year or two ago when seeing bitcoin pass 1 … Read more