mining

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Bitcoin Mining Manufacturer Canaan Files for Hong Kong Stock Exchange IPO

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Canaan Creative Co. Ltd, the Chinese company behind the Avalon lineup of hardware equipment which produces ASIC mining chips and rigs, has officially submitted a listing application to Asia’s third-largest equities market – the Hong Kong stock exchange. Also Read: HTC to Launch Its Own Cryptocurrency-Focused Smartphone, Exodus $1 Billion IPO Canaan posted a preliminary prospectus … Read more

Japan’s GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips

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Japanese internet giant GMO has updated its plans to manufacture and sell its 7nm bitcoin mining chips as well as for its own mining operations. Interested customers will soon be able to reserve some of these chips. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space GMO Readies 7nm Mining Chips Japanese conglomerate GMO Internet … Read more

Potentially Malicious Bytecoin Miner Removed from the Ubuntu Snap Store

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Malicious cryptocurrency mining tools can be found on any operating system these days. Although mobile devices and Windows are the primary targets in this regard, it seems Ubuntu users aren’t safe either. The Ubuntu Snap Store contained a cryptocurrency miner disguised as 2048buntu. Ubuntu Cryptocurrency Miner is a Problem While most people would assume cryptocurrency … Read more

Bitmain Hits Back at “Dirty Tricks” Accusations

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Chinese mining behemoth Bitmain has strongly refuted allegations that it pressurized an ASIC manufacturer into shutting out a foreign competitor. In a widely shared blog post, Siacoin’s lead developer David Vorick lifted the lid on the cutthroat ASIC mining business. In a response, Bitmain praised Vorick’s input to the industry – but took exception to … Read more

Chinese Miners Are Finding Relocation Difficult in Southeast Asia

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According to a recent report, cryptocurrency miners from China have been flocking to regions in Southeast Asia like Vietnam, Myanmar, and Cambodia. However, a relocated Chinese miner based in Cambodia says miners trying to find safe havens in other Southeast Asian countries are having difficulties, and losing money every month due to residents complaining and unreliable … Read more

Siacoin Developer: ASICS Are “Money Printing Machines” for Manufacturers

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ASIC miners are hugely profitable machines – provided you’re the manufacturer. That’s the view of Siacoin lead developer David Vorick, who’s published his thoughts on the monopoly enjoyed by manufacturers such as Bitmain and Halong Mining. In “The State of Cryptocurrency Mining”, Vorick also accuses manufacturers of using the machines themselves, before passing them on … Read more