Bitmain Receives $12 Bln Investment in a Recent Funding Round
Bitmain has received $12 billion of investments following the recent closing of a Series B funding round Go to Source Powered by WPeMatico
mining
Auto Added by WPeMatico
Heavy Rainfall in China, Thousands of Miners Reportedly Damaged
According to a Chinese language Economic Daily News report, graphics cards and ASIC mining systems are expected to see a short term surge in orders from the crypto mining sector in Sichuan province, where reportedly over seventy percent of the mining systems are located in China. Sichuan province has been hit by continuous heavy rainfalls … Read more
Quebec Mining Drama: Bitmain Money Muscle or Local Sour Grapes?
Tempers are flaring in Quebec, as its climate and relatively cheap electricity have made it a magnet for the burgeoning cryptocurrency mining industry. The provincial government and its energy concern, Hydro-Quebec, have been accused of playing favorites to the likes of mining giants such as Bitmain. Also read: Troll Slayer: Derek Magill Defends Peer-to-Peer Electronic … Read more
Japanese Man Exploits Free Company Electricity to Make $500 Secondary Income Mining
Trading isn’t the only way to acquire crypto. Daily SPA, a Japanese media outlet, has reported on a Japanese man using his company dormitory’s free electricity to mine cryptocurrencies without asking permission. Also read: Japan Gives Jail Sentence to Crypto Miner in a Remote Mining Case An Extraordinary Income “Virtual currencies are processed cryptographically,” Sora-san, a Japanese … Read more
Japan Gives Jail Sentence to Crypto Miner in a Remote Mining Case
A Japanese district court has, for the first time, sentenced a man to prison in a remote crypto mining case. The case follows the arrests of Coinhive users by the police in 10 prefectures. However, this case is different from previously discussed cases of mining cryptocurrencies using website visitors’ computers. Also read: Yahoo! Japan Confirms Entrance … Read more
Japan’s Internet Giant GMO Launches New Upgraded 7nm Bitcoin Miner
Japanese internet giant GMO has launched a new, upgraded model of its bitcoin miner equipped with 7nm ASIC mining chips. The previous model was sold out. The new model can achieve a higher hash rate and has a “hash power optimization function.” It is for sale at the same price as the previous model. Also … Read more
Gaming PC That Mines While Idling Hits Market in Russia
A hybrid computer, designed to please both gamers and miners, is now selling in Russia. The company offering the new PC promises a quarter ether of monthly income for gaming enthusiasts who would like to mine when their expensive configuration is idling. The premiere coincides with reports of new negative forecasts for hardware manufacturers. Also … Read more
Graphics Card Suppliers to Cut Prices in July due to Crypto Market Slump, Sources Report
The crypto market slump since the new year has negatively affected graphics card suppliers, with several firms ready to cut prices in July, sources say Go to Source Powered by WPeMatico
Zcash Community Isn’t Interested in Remaining ASIC-Resistant
Shaping the future of a cryptocurrency is not an easy process. In the case of Zcash, there has been a recent community voting process which displayed some interesting results. A new proof-of-work algorithm will be introduced, and there is no real desire to remain ASIC-resistant. The Future of Zcash Looks Intriguing In the world of … Read more
Local Media: Floods in China Heavily Damage Major Crypto Mining Operation
Floods in China’s Sichuan province, caused by two days of heavy rains, have reportedly resulted in the destruction of “tens of thousands” of cryptocurrency mining devices Go to Source Powered by WPeMatico