Category: mining rigs


Demand for Crypto Mining Rigs in Vietnam Rises With Bitcoin Prices, Report Reveals


Demand for Crypto Mining Rigs in Vietnam Rises With Bitcoin Prices, Report RevealsHigher cryptocurrency prices recently have restored interest in digital coin minting in Vietnam. Crypto mining is once again seen as an investment opportunity with other options being limited by the ongoing coronavirus pandemic that has been affecting the Asian country. Vietnam’s Sales and Prices of Crypto Mining Rigs Spike in September Demand for crypto mining […]


Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life


Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New LifeThe price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show that Bitcoin’s hashrate has seen a resurgence and because bitcoin’s price has increased, mining profitability and hashrate has followed suit. Today’s top bitcoin mining rig […]


Mining Hardware Thief Gets 3-Year Sentence in Russia


Mining Hardware Thief Gets 3-Year Sentence in RussiaRussian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison. Russian Convicted of Stealing Mining Rigs Receives Prison Sentence A 34-year-old man […]


Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining Hardware


Abkhazia Shuts Down 2 Crypto Farms, Seizes Mining HardwareAuthorities in Abkhazia have closed down two crypto mining farms that have been illegally connected to the power grid. The facilities were minting digital coins in violation of a mining ban imposed by the government to mitigate electricity shortages. Over 80 Mining Rigs Confiscated From Crypto Farms in Abkhazia Dozens of mining rigs have been […]


Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the US


Financial Report Shows Bit Digital Is Transferring 14,500 Bitcoin Miners From China to the USFollowing the bitcoin mining crackdown in China, the Nasdaq-listed firm Bit Digital published a second-quarter bitcoin production and mining operations update and noted the company is moving 14,500 bitcoin miners from China to the United States. Bit Digital says after the Chinese government’s decision to ban bitcoin mining, the company “accelerated” its migration strategy to […]


Greenidge Joins Foundry USA, Deal Gives Bitcoin’s Fifth-Largest Pool 800 Petahash


Greenidge Joins Foundry USA, Deal Gives Bitcoin's Fifth-Largest Pool 800 PetahashGreenidge Generation Holdings Inc., the mining firm based in Upstate New York, has announced the company has partnered with the Digital Currency Group mining and staking subsidiary Foundry Digital LLC. Furthermore, Greenidge revealed that it has purchased 2,300 Microbt-manufactured Whatsminer M30S mining rigs and also secured financing for 6,000 Bitmain-made Antminer S19 devices. Greenidge Partners […]


Ukraine Shuts Down Illegal Mining Farm With 150 Rigs


Ukraine Shuts Down Illegal Mining Farm With 150 RigsLaw enforcement officials in Ukraine have closed down a cryptocurrency mining farm that was minting digital coins using stolen electricity. The facility had more than 150 mining rigs that have been confiscated during a raid in Chernihiv region. Authorities in Ukraine Seize Over 150 ASICs From Crypto Mining Farm The Security Service of Ukraine (SBU) […]


Blockware Mining Raises $25M — Firm Looks to Make ‘Hashrate in the US More Globally Competitive’


Blockware Mining Raises $25M — Firm Looks to Make 'Hashrate in the US More Globally Competitive'On Wednesday, the North American bitcoin mining operation Blockware Mining announced the firm closed a $25 million investment round. According to the company, Blockware Mining aims to leverage the financing to expand operations “beyond its currently installed North American footprint.” Blockware Raises $25 Million, Purchases 14,000 ASIC Miners Blockware Mining, a bitcoin mining infrastructure and […]


Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices


While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries. Official Crypto Mining Rig Dealers Are Either Sold-out or Suspending Deliveries, Second-Markets Explode With Mining Products […]


Bitmain Reveals New Scrypt Miner — Model Mines DOGE and LTC Four-Times Faster Than Today’s Top Machine


Bitmain Reveals New Scrypt Miner - Model Mines DOGE and LTC Four-Times Faster Than Today's Top MachineRegional reports from an exposition in Chengdu indicate Bitmain has unveiled a new scrypt ASIC rig for dogecoin, litecoin, digibyte, and verge mining. The Chinese reporter who disclosed the information says the new Bitmain model has a hashrate of around 9,500 megahash per second (MH/s) and overseas prices are reduced by 13%. Bitmain Unveils New […]


Genesis Digital Assets Purchases 10,000 Bitcoin Miners from Canaan


Genesis Digital Assets Purchases 10,000 Bitcoin Miners from CanaanThe Beijing-based ASIC mining rig manufacturer Canaan announced the sale of 10,000 bitcoin mining machines to the firm Genesis Digital Assets Limited. Canaan plans to deliver the 10,000 A1246 and A1166 Pro Avalonminers by the end of the month. Canaan to Deliver 10,000 Bitcoin Miners to Genesis Digital Assets The company Canaan (Nasdaq: CAN) has […]


Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining


Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on MiningAuthorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over 300 Mining Rigs Cut Off From Electricity Supply in Abkhazia […]


Iran Seizes 3,000 Crypto Mining Devices in a Week


Iran Seizes 3,000 Crypto Mining Devices in a WeekAuthorities in Iran have confiscated 3,000 units of mining hardware in just one week as part of a push to curb illegal crypto mining amid power shortages and blackouts. In a single year, Iranian law enforcement has shut down over 180 crypto farms in Tehran Province alone. Over 500 Crypto Mining Rigs Confiscated in Tehran […]


Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021


Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull […]


Home Crypto Mining Spikes in Brazil Amid Record High Unemployment


Home Crypto Mining Spikes in Brazil Amid Record High UnemploymentWith rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn […]


EZ Blockchain Partners With Texas-Based Oil Provider to Monetize Wasted Natural Gas With Bitcoin


EZ Blockchain Partners With Texas-Based Oil Provider to Monetize Wasted Natural Gas With BitcoinWhile a number of media pundits and politicians have been talking about Bitcoin’s energy consumption, there’s been a myriad of firms working toward green solutions well before all the controversy. Unfortunately, critics don’t highlight the amount of renewables miners use or the cogeneration applications. One project called EZ Blockchain has partnered with the Texas-based oil […]


Report: ASIC Giant Bitmain Pre-Orders 5nm Chips Produced by TSMC’s N5 Process


Report: ASIC Giant Bitmain Pre-Orders 5nm Chips Produced by TSMC's N5 ProcessBitmain, one of the largest application-specific integrated circuit (ASIC) manufacturers in the world, is reportedly working with the Taiwan Semiconductor Manufacturing Company (TSMC) in order to leverage TSMC’s 5nm semiconductors. Industry sources say that the 5nm chips being created for Bitmain will start production in the third quarter. Chip Maker TSMC Reportedly Producing Semiconductors for […]


Report: China’s Bitcoin Hashrate Dominance Dives, ‘North America Could Steal the Lead’


Report: China's Bitcoin Hashrate Dominance Dives, North America Could Steal the LeadA newly published regional report shows that China’s hashrate has likely dropped to 55% while the U.S. has climbed to 11%. Another study predicts that it’s possible North America could overtake China in terms of hashrate by the end of 2021. Bitcoin Mining Farm Operator Says Mining Industry in North America Is Booming For years […]


Canaan to Sell $93 Million in Next-Generation Bitcoin Miners to Genesis Digital Assets


Canaan to Sell $93 Million in Next-Generation Bitcoin Miners to Genesis Digital AssetsThe ASIC bitcoin mining rig manufacturer and chipmaker, Canaan has announced the company has signed a $93.63 million purchase order with the mining firm Genesis Digital Assets. Genesis will be acquiring Canaan’s A1246 Avalonminer rigs that produce 90 terahash per second (TH/s) and deliveries will be shipping during the second half of 2021. Canaan and […]


Hut 8 Joins Foundry’s US Mining Pool, Adds Over 14,000 Bitcoin Mining Rigs of Hashpower


Hut 8 Joins Foundry's US Mining Pool, Adds Over 14,000 Bitcoin Mining Rigs of HashpowerOn Tuesday, the firm Hut 8 Mining Corp., announced that it is joining the Foundry U.S.-based bitcoin mining pool. The publicly-listed mining company said that it added 14,400 machines to Foundry’s mining operation and it also plans to deploy another 5,000 miners by August. Hut 8 Joins Foundry’s US Pool and Adds 14,400 Bitcoin Mining […]


BTC Hashpower Swells: Bitcoin Network Touches 185 Exahash, Hashrate Climbs 18,400% Since 2016


BTC Hashpower Swells: Bitcoin Network Touches 185 Exahash, Hashrate Climbs 18,400% Since 2016During the last week, the Bitcoin network’s hashrate has jumped to a record high of 185 exahash per second on March 14, 2021. The hashpower has relentlessly continued to rise, climbing a whopping 18,400% in five years since January 21, 2016. Bitcoin Price Jumps Over 1,500% in a Year, Hashrate Climbs 18,400% in Five Years […]


China’s Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold Out


China's Bitcoin Mining Rig Manufacturers Pressed by Demand, Advance Orders, Devices Sold OutA regional report from China indicates that bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed. Companies such as Canaan Creative have placed significantly sized mining rig orders while other companies like Bitmain are completely sold out. Bitcoin Mining Rig Manufacturers Experience a Device […]


Bitcoin Hashrate Hits 180 Exahash, Mining Difficulty Climbs Higher, Pools Jump by 35%


The price of bitcoin has climbed to phenomenal heights during the last few weeks and this has fueled the crypto asset’s mining sector a great deal. Despite the fact that the Bitcoin network’s mining difficulty has never been higher at 21.72 trillion, the hashrate has climbed to a whopping 180 exahash per second (EH/s) and […]


Canaan Launches Submerged Liquid-Cooled Bitcoin Miner, Noiseless Device Boasts 50 Terahash


The publicly listed ASIC mining rig manufacturer, Canaan, has announced the launch of a new submerged liquid-cooled bitcoin miner called the Avalonminer A1066I. Canaan claims the new immersion cooling miner is noiseless and capable of significant overclocking, as the miner’s cooling system increases power efficiency by 78%. The China-based and Nasdaq-listed bitcoin mining rig manufacturer, […]

The post Canaan Launches Submerged Liquid-Cooled Bitcoin Miner, Noiseless Device Boasts 50 Terahash appeared first on Bitcoin News.


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