Core Scientific estimated that canceling the agreement with Celsius will provide $2 million in revenue per month as long as Bitcoin stays around $16,700.
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Bitmain Will Not Ship Crypto Mining Equipment to China
Mining hardware manufacturer Bitmain will no longer ship its products to mainland China. The move is in response to local regulations, the company explained. The announcement follows a prolonged crackdown on crypto mining operations in the country and a recently reiterated wide ban on activities related to cryptocurrencies. Bitmain Stops Mining Rig Deliveries to Mainland […]Powered by WPeMatico
Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban Looms
Vietnamese businesses and individuals have stopped importing bitcoin mining equipment into the country since the beginning of July, according to the Ho Chi Minh City Customs Department. This follows the government’s efforts to pass a law banning the import of bitcoin mining rigs into Vietnam. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mining […]
The post Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban Looms appeared first on Bitcoin News.
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GPU Producers Fear Drop in Demand from Crypto Miners
Reports concerning major manufacturers of graphics processing hardware have indicated expectations of decreasing demand in the cryptocurrency mining sector. Nvidia is unlikely to unveil new video cards in the coming months, while AMD has shared concerns of dropping GPU sales in 2018, blaming the crypto market and regulatory risks. Also read: Report: Crypto Miners […]
The post GPU Producers Fear Drop in Demand from Crypto Miners appeared first on Bitcoin News.
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Ukrainian Law May Separate Mining from Cryptocurrencies
Ukrainian legislators should separate the regulation of crypto mining from the legal status of cryptocurrencies. The new approach was proposed by the chairman of an important parliamentary committee who criticized law enforcement agencies for cracking down on crypto miners. Police confiscated mining equipment in a series of raids this week. Authorities claim that coins have […]
The post Ukrainian Law May Separate Mining from Cryptocurrencies appeared first on Bitcoin News.
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