Category: Mining

Bitcoin Cash Sees Mining Pool Shift and Hashrate Surpass 4 Exahash

Bitcoin Cash Mining Sees Pools Shift While Hashrate Surpasses 4 ExahashWhile people have watched the BTC network surpass 100 exahash per second (EH/s), Bitcoin Cash (BCH) has been steadily gathering hashrate as well. Since the November 15, 2018 blockchain split, which produced the Bitcoin SV (BSV) chain, BCH hashrate has jumped by more than 3x. Bitcoin cash is often more profitable to mine than BTC […]

The post Bitcoin Cash Sees Mining Pool Shift and Hashrate Surpass 4 Exahash appeared first on Bitcoin News.

Continue Reading

Uzbekistan to Create National Mining Pool, Launch Licensed Exchange

Uzbekistan to Create National Mining Pool, Launch Licensed ExchangeEstablishing a “national mining pool” has been declared a priority in Uzbekistan. Miners who join the pool will enjoy lower electricity rates, announced the country’s agency overseeing the crypto industry. The Central Asian nation is also preparing to launch a licensed cryptocurrency exchange, where miners will be able to sell the coins they have minted. […]

The post Uzbekistan to Create National Mining Pool, Launch Licensed Exchange appeared first on Bitcoin News.

Continue Reading

Tokyo-Based Zigmabit Offers Mining Rigs for Homes and Offices

Tokyo-Based Zigmabit Offers Mining Rigs for Homes and OfficesCryptocurrency mining develops rapidly like any high tech sector. Improvements in the hardware and auxiliary systems make it possible to design mining rigs that are more compact and silent than they used to be, while also profitable to run. Zigmabit is a manufacturer that assembles units suitable for mining not only in industrial-scale datacenters but […]

The post Tokyo-Based Zigmabit Offers Mining Rigs for Homes and Offices appeared first on Bitcoin News.

Continue Reading

Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance

During the first month of the new year, the research firm Tokeninsight published its “Mining Industry Annual Research Report,” which covers the competitive bitcoin mining sector. Tokeninsight’s study highlights the fact that BTC’s hashrate increased by 80% in 2019, even though BTC’s year-over-year average price dipped by 1.9%. Tokeninsight’s report also notes that more than […]

The post Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance appeared first on Bitcoin News.

Continue Reading

Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump

Mining Giant Canaan Faces Stiff Competition After IPO Shares SlumpOn November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five new mining rig batches that […]

The post Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump appeared first on Bitcoin News.

Continue Reading

This Company Sets Out to Prove Crypto Mining Has a Place in Your Home

This Company Sets Out to Prove Crypto Mining Has a Place in Your HomeHotmine, a company based in Ukraine which engineers home appliances for crypto enthusiasts, is not new to mining equipment development. But sometimes it takes the right time and the right technology to be able to create and offer solutions that consumers would be willing to buy and use. Thanks to tech progress and proper market […]

The post This Company Sets Out to Prove Crypto Mining Has a Place in Your Home appeared first on Bitcoin News.

Continue Reading

Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas

The city of Rockdale, Texas is attracting attention again, similar to the interest the region saw back in the fifties when the Alcoa aluminum smelting facility set up shop. These days, Rockdale’s change is due to the influx of bitcoin miners coming to town from all around the world. A Frankfurt-based operation called Whinstone Inc., […]

The post Japanese Firms SBI and GMO Join the Digital Gold Rush in Texas appeared first on Bitcoin News.

Continue Reading

Bitmain Responds to Layoff Rumors From Ousted Co-Founder Zahn

Bitmain Responds to Talk of Layoffs Mentioned by Ousted Co-Founder ZahnOusted Bitmain co-founder Micree Zahn took to Weibo on Monday to speak out against a reported Bitmain “personnel optimization plan” which could purportedly see around 500 Bitmain workers dismissed by January 17. Chinese media broke the story last week citing inside sources at the bitcoin mining colossus, one of which claimed poor financial performance of […]

The post Bitmain Responds to Layoff Rumors From Ousted Co-Founder Zahn appeared first on Bitcoin News.

Continue Reading

Chipmaking Giant Samsung Reveals 3nm Semiconductor Prototype

Chipmaking Giant Samsung Reveals a 3nm Semiconductor PrototypeIn mid-December, Intel revealed that the company expects to design 2nm and 1.4 nm semiconductors by 2029. During the same timeframe, regional sources reported Canaan and Bitmain will reveal new mining rigs this year equipped with TSMC-based 5nm chips. Now, competition is growing stronger as Samsung has disclosed that the chipmaker succeeded in creating the […]

The post Chipmaking Giant Samsung Reveals 3nm Semiconductor Prototype appeared first on Bitcoin News.

Continue Reading

BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed

BTC's Hashrate Touches 120 Exahash, But the Price Has Not FollowedOn January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere wondering whether or not the price truly follows hashpower. […]

The post BTC’s Hashrate Touches 120 Exahash, But the Price Has Not Followed appeared first on Bitcoin News.

Continue Reading

Debate Ensues After 68% of BCH Hashrate Mined by Stealth Miners

Debate Ensues After 68% of BCH Hashrate Mined by Stealth Miners2019 was known for the growing trend of stealth miners mining on the BTC and BCH network. On Dec. 30, data shows that 68% of the Bitcoin Cash network’s hashrate is being mined by mystery miners. As the year comes to an end, the large number of unknown BCH hashrate has attracted scrutiny. Also Read: […]

The post Debate Ensues After 68% of BCH Hashrate Mined by Stealth Miners appeared first on Bitcoin News.

Continue Reading

Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season

Authorities in Sichuan Go After Miners to Save Electricity in the Dry SeasonRegional authorities in the province of Sichuan are reportedly pressuring bitcoin miners to scale down operations amid electricity shortages during the dry season in Southwest China. A meeting has been scheduled with regulators, the state run grid operator and mining companies. Two hydropower stations have been fined already for powering bitcoin farms without authorization. Also […]

The post Authorities in Sichuan Go After Miners to Save Electricity in the Dry Season appeared first on Bitcoin News.

Continue Reading

Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020

Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass production next year. The firm Canaan also recently announced that the […]

The post Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020 appeared first on Bitcoin News.

Continue Reading

2019’s Bitcoin Miners Are 5x Faster Than Predecessors

Data Shows 2019's Bitcoin Miners 5x Faster Than PredecessorsHigh-powered bitcoin miners and next-generation semiconductors go hand in hand and as process node technology grows, SHA256 hashrate follows. Coinshares’ recent bi-annual mining report highlights that newly introduced mining rigs have “as much as 5x the hashrate per unit as their generational predecessors.” Advanced chip technology has grown relentlessly and it’s significantly bolstered ASIC device […]

The post 2019’s Bitcoin Miners Are 5x Faster Than Predecessors appeared first on Bitcoin News.

Continue Reading

Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China

Mining Report Shows 65% of Bitcoin's Hashpower Stems from ChinaAs the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China. Also […]

The post Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China appeared first on Bitcoin News.

Continue Reading

IDEG Reports Launch of New Bitcoin Trusts in Asia With Coinbase as Custodian

IDEG Reports Launch of New Bitcoin Trusts in Asia With Coinbase as CustodianAccording to a recent press release from IDEG Investment Limited, “Asia’s First Bitcoin Trusts” have been launched “as a traditional and comfortable way for ‘old money’ to invest in digital assets.” The two trusts, Asia Bitcoin Trust I and Atlas Mining Trust I, reportedly allow for investors to gain wrapped exposure to bitcoin and to […]

The post IDEG Reports Launch of New Bitcoin Trusts in Asia With Coinbase as Custodian appeared first on Bitcoin News.

Continue Reading

Bitcoin History Part 21: Miners Pour One out for Satoshi

Bitcoin History Part 21: Miners Pour One out for SatoshiThere are a few ways of looking at bitcoin mining. As an ostensibly selfish enterprise, wherein miners are seeking to extract precious coins for profit. And as a community of individuals who envisage a better way of generating, handling and using money, and are motivated to secure the Bitcoin network. The truth is probably somewhere […]

The post Bitcoin History Part 21: Miners Pour One out for Satoshi appeared first on Bitcoin News.

Continue Reading

Bitcoin Mining Operations Offer New Strategies Before Reward Reduction

Bitcoin Mining Operations Offer New Strategies Before the Reward ReductionAs the reward halving approaches, bitcoin miners are preparing new strategies so customers can reap the most profits from their hashrate services. On December 3, the mining operation Poolin introduced a hashrate auto-switch feature so clients can automatically switch between BTC and BCH mining. Moreover, a few days later at Bitmain’s annual customer appreciation meeting, […]

The post Bitcoin Mining Operations Offer New Strategies Before Reward Reduction appeared first on Bitcoin News.

Continue Reading

Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin

Chicago Company Mines at Oil Wells, Educates Producers About BitcoinUtilizing stranded gas to power bitcoin mining rigs at oil and gas wells is a promising business opportunity. It is profitable for all participating parties and beneficial for the environment. Not without challenges, this young industry is growing in energy-rich North America. Several companies are working to expand the niche and U.S.-based EZ Blockchain shared […]

The post Chicago Company Mines at Oil Wells, Educates Producers About Bitcoin appeared first on Bitcoin News.

Continue Reading

Mining Chip Maker Ebang Next in Line to File for US IPO

ASIC Chip Maker Ebang Next in Line to File for US IPOEbang, the ASIC chip and mining rig manufacturer based in Hangzhou, China is allegedly filing for an initial public offering (IPO) in the U.S. following Canaan’s recent Nasdaq listing and Bitmain’s secret IPO filing. The world’s third-largest bitcoin mining hardware manufacturer plans to follow Canaan’s footsteps with an attempt to be listed on the American […]

The post Mining Chip Maker Ebang Next in Line to File for US IPO appeared first on Bitcoin News.

Continue Reading

By continuing to use the site, you agree to the use of cookies. more

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close