Category: mining rigs

Mining Giant Bitmain Confidentially Files for U.S.-Based IPO

Mining Giant Bitmain Confidentially Files for U.S.-Based IPOAccording to reports, bitcoin mining manufacturer Bitmain Technologies confidentially filed for a U.S.-based initial public offering (IPO) with the Securities and Exchange Commission. The news follows the alleged removal of cofounder and executive director Micree Zhan and the recent announcement of a facility in Texas with the capacity to house 300MW of hashpower. Also read: […]

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Bitmain’s Jihan Wu Talks Mining and Industry Growth With Bitcoin.com’s CEO

Bitmain's Jihan Wu Talks Mining and Industry Growth With Bitcoin.com's CEOAt the World Digital Mining Summit in Frankfurt, Germany, Bitcoin.com’s CEO Stefan Rust sat down with Jihan Wu, cofounder of Bitmain Technologies and Matrixport. The two discussed how cryptocurrencies being used for payments is spreading and how Bitmain is doing after the bear market last year. Also read: SEC Wants Second Look at Bitwise Bitcoin […]

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4 New High-Powered Bitcoin Miners Revealed

4 New High-Powered Bitcoin Miners RevealedBitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.S. next month. Also Read: Mining Firm Canaan Creative Secures Hundreds of Millions of Dollars in Funding Bitmain and Canaan Introduce Bitcoin Miners […]

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Chinese Bitcoin Miners Migrate North After Wet Season

Chinese Bitcoin Miners Migrate North After Wet SeasonA China-based crypto news outlet recently published a comprehensive report on the costs associated with building a digital currency mining farm in China. Additionally, the local publication revealed that Chinese miners are starting to migrate north to access cheap thermal power and wind power after the wet season in Sichuan. Also read: RBI Ban Stops […]

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Video Shows $10M Chinese Bitcoin Mining Farm in Flames

Circulating Video Shows $10M Chinese Bitcoin Mining Farm in FlamesDuring the early morning hours of September 30, a nine-minute video circulated on Twitter showing a large bitcoin mining farm burning down. Sources say the mining farm belonged to the company Innosilicon and roughly $10 million worth of mining rigs were destroyed. Also Read: Central Banks in Panic Mode – Extreme Tactics Like Helicopter Money […]

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Despite Lower Prices, Bitcoin’s Hashrate Remains Strong

Despite Lower Prices, Bitcoin's Hashrate Remains StrongPeople watching cryptocurrency markets have been patiently waiting for prices to rise and the overall sentiment to change. However, one thing that’s been extremely bullish these days is how BTC’s hashrate has doubled in the last three months. Even with today’s sluggish crypto prices, the SHA-256 hashrate has remained unscathed and continues to show persistent […]

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Bitcoin Mining Helps Oil Companies Reduce Carbon Footprint

Burning Wasted Gas to Mine Bitcoin Promises to Become a Booming BusinessNatural gas acquired as a byproduct of oil extraction has become synonymous with wasted energy. In certain areas, drilling companies are unable to find a profitable market for the excess fuel. It’s often vented into the atmosphere. Startups are now offering on-site systems that utilize the surplus to mine cryptocurrencies. This new business is growing […]

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Miners Flock to Iran Where Bitcoin Mining Is Set to Be Sanctioned

Iran’s Central Bank Will Allow Bitcoin Mining Operations as Miners Flock to the Oil-Rich NationAccording to regional reports, the Central Bank of Iran (CBI) is planning to allow licensed cryptocurrency mining as long as operations are charged for electricity based on the price of export. The CBI governor, Abdol Nasser Hemmati, explained that mined cryptocurrencies should flow back into the Iranian economy. Also read: Bitcoin Miner Recounts Struggle to […]

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Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs

Crypto Spring Brings Promising Profits for Next-Generation and Older Mining RigsOver the last few weeks, cryptocurrency markets have been on a tear accumulating considerable gains following the notorious ‘crypto winter.’ Since the recent price hike this spring, mining digital assets with next-generation miners has allowed participants to secure significant gains and even older mining devices are turning a profit. Also read: Bitcoin Cash Protocol Successfully […]

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These Next-Generation Mining Rigs Pack a Ton of Hashpower

A Great Deal of Hashpower Is Coming With 2019's Next-Generation Mining RigsLast week, mining manufacturer Bitmain launched its latest Antminer 17 series. Now Canaan Creative has published its own device specifications and pricing for the new Avalonminer 10 series that process between 31-33 trillion hashes per second (TH/s). In addition to Canaan’s latest miners, two more China-based companies are releasing next-generation miners this summer that mine […]

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Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power

Bitcoin Miner Recounts Struggle Involved With Obtaining Cheap Iranian PowerOver the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation of Iran. However, managing to get thousands of machines […]

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Bitmain’s New Antminer Specs Show Devices Process Over 50 Terahash

Bitmain's New Antminer Specs Show Devices Process Over 50 TerahashOn April 8, the Chinese mining rig manufacturer Bitmain Technologies unveiled the specifications for the company’s latest Antminer 17 series. The firm claims the three new bitcoin miners command a hashrate of over 50 trillion hashes per second (TH/s) which outpaces nearly all top machines today. Also read: Uyen T Nguyen: The Powerful Young Woman […]

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In the Daily: BCH on C2C Market, Binance in Indonesia, 400,000 Planned Mining Rigs

In the Daily: BCH on C2C Market, Binance in Indonesia, 400,000 Planned Mining RigsIn this edition of The Daily, we cover the addition of bitcoin cash (BCH) trading support to a fiat-to-cryptocurrency platform, an expansion of educational services by Binance in Indonesia, and Ebang’s plan to sell 400,000 new mining rigs in 2019. Also Read: University of Michigan Endowment Backs Crypto Venture Capital Fund Bitcoin Cash (BCH) Added […]

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Bitmain Announces New 7nm Bitcoin Mining Chip With 29% More Efficiency

Bitmain Announces New 7nm Bitcoin Mining Chip With 28.6% More EfficiencyOn Feb. 18, mining rig manufacturing giant Bitmain Technologies announced its next-generation 7nm ASIC chip for mining SHA-256 cryptocurrencies like BTC and BCH. According to Bitmain, the mining chip, called the BM1397, is more efficient when mining proof of work (PoW) coins and the new chips will be installed in the latest Antminer series of […]

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Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season

Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet SeasonOver the last two months, the hashrate between the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks has increased significantly since hitting a low on December 15, 2018. Numerous reports detail that many Chinese miners who control a large portion of SHA-256 hashrate have been recently setting up shop in Sichuan. During the wet season […]

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Report Claims 85% of the Monero Network Dominated by ASIC Miners

Report Claims 85% of the Monero Network Overshadowed by ASIC MinersOver the last few years, certain cryptocurrency networks have tried to block ASIC mining with many fruitless attempts to forge ASIC-resistant protocols. Multiple cryptocurrency developers have attempted to brick ASIC miners, but with scant success. A perfect example is the privacy-centric digital currency Monero, a project that has tried to fork the software multiple times […]

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New Malware Attacks Hold ASIC Miners to Ransom

According to reports from cybersecurity researchers, there’s a new ransomware virus on the loose that’s targeting bitcoin miners. A file locking program called H-Ant has allegedly infected certain Antminer models in China and if the ransom is not paid the software aims to destroy the infected machine. Also Read: Money Transmitter License Not Required for Crypto […]

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A Look at Some of the ‘Next Generation’ Mining Rigs Available Today

A Look at Some of the 'Next Generation' Mining Rigs Available TodayOver the last year, cryptocurrencies have lost a lot of value yet bitcoin miners continue to process transactions and earn block rewards. A bunch of new mining rigs were announced in 2018 that packed some serious hashrate. As the new year begins, some of the top devices that process between 28-76 trillion hashes per second […]

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German Startup Devises Eco-Friendly Energy-Efficient Miners

German Startup Comes up With Eco-Friendly, Energy-Efficient MinersAzultec is a company that has been researching current mining solutions as part of its project to create an efficient alternative with high computing power and low energy consumption. Its Cube devices are silent mining rigs that can be installed in living rooms. The miners can also use renewable energy and are designed to reuse […]

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Japan’s GMO Quits Manufacturing and Selling Mining Machines

Japan's GMO Quits Manufacturing and Selling Mining MachinesJapanese internet giant GMO has announced that it will no longer develop, manufacture, and sell cryptocurrency mining machines. The company will, however, continue to mine in-house but will relocate its mining center to a region with cleaner and less expensive energy. Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations Exiting the […]

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Russian Miners Sell Their Equipment Amid Market Plunge

Russian Miners Sell Their Equipment Amid Market PlungeA growing number of Russian miners are looking to sell their hardware. The recent market correction has decreased the profitability of minting digital coins, especially for enthusiasts who are mining in their homes, basements and garages. Also read: Bitcoininfo.ru Wins Court Case Against Ban Russian Miners Selling Used Hardware Amateur mining used to be very […]

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Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining Equipment

Japanese Internet Giant GMO Postpones Shipments of 7nm Bitcoin Mining EquipmentJapan’s GMO Internet has postponed the shipments of its two lines of 7nm bitcoin mining rigs. A representative of the company has clarified the situation to news.Bitcoin.com, noting that some refunds have already been issued. In addition, the company is planning to relocate its mining operations. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]

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Bitmain’s New 7nm Antminer Goes on Sale on November 8

Bitmain Reveals 7nm Equipped Antminer Sale Begins Nov. 8Mining rig manufacturer Bitmain Technologies has announced the company’s latest Antminers equipped with 7nm semiconductors will go on sale on Nov. 8. According to the China-based organization, Bitmain will release two new models called the Antminer S15 and the T15. Also Read: Bitcoin Cash Fork Watch: BCH Infrastructure Providers Reveal Contingency Plans  Bitmain Plans to Sell […]

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Samsung Begins 7nm Chip Production, Easing Miner Demand for Improved Semiconductors

While Miners Increase Semiconductor Demand, Samsung Reveals 7nm Chip ProductionAfter delivering 10nm semiconductor technology, the electronics giant Samsung has announced the firm’s foundry has started production of its EUV-based 7nm LPP process. Lately, Bitcoin mining rig manufacturers have added more pressure to the significant global demand for high-performance chips. At the moment there are only a couple of foundries producing them. Also Read: Bitmain Offers […]

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