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Sichuan Officials Continue to Foster the Relationship Between Bitcoin Mining and Hydropower
18.8.2020
The province of Sichuan is well known for being one of the largest concentrations of bitcoin miners on earth because electrical costs are extremely cheap in the region. Data shows that miners using hydropower in Sichuan are paying between 0.065-0.075 yuan or $0.01 per kilowatt-hour. According...
Nasdaq-Listed Firm Marathon Buys 10,500 Next-Gen Bitcoin Miners for $23M
15.8.2020
One of the earliest Nasdaq-listed cryptocurrency mining companies, Marathon Patent Group, announced a new agreement contract with the ASIC mining manufacturer Bitmain. According to the public company, Marathon has agreed to purchase 10,500 next-generation Antminer S-19 Pro models for $23 million....
Chinese Bitcoin Miners Develop Strong Relationships and Crypto Mining Facilities in Iran
14.8.2020
During the last few months, crypto proponents have focused their attention on Iran. The Iranian President Hassan Rouhani initiated a new mining strategy last May, and the government-licensed 14 bitcoin mining farms in July. According to the Chinese mining operation Lubian, it claims to operate...
Mining Firm Hut 8 Reports 28% Drop in Q2 Revenue Following Bitcoin Halving
13.8.2020
Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black
Daily Profitability for Ethereum Miners Hits Over 2-Year High
13.8.2020
The surge in profitability comes after rises in transaction fees and prices of the ether cryptocurrency
Malaysian Crypto Miners Were Caught Stealing Electricity From the State
12.8.2020
They thought they had it made, but the Malaysian authorities were one step ahead
Kazakhstan Proposes 15% Tax on Bitcoin Mining to Help Combat Coronavirus
12.8.2020
Kazakhstan has proposed legislation that would see a 15% tax imposed on bitcoin mining firms. This is part of efforts to raise money to help with the fight against the coronavirus pandemic. Proposed by the country’s Ministry of Economy, the new tax plan requires bitcoin (BTC) miners to first...
Why Chinese Miners Won’t Stage a 51% Attack on Bitcoin
12.8.2020
Jameson Lopp explains why attacks on Bitcoin won’t work and that he expects China’s mining dominance won’t last
The Sky’s the Limit for Ethereum Fees, Leaving ETH Miners ‘Laughing’
11.8.2020
This year, it seems that for ethereum (ETH), the only way is up, as prices continue to climb. But as the token continues to display signs of rude health and the DeFi sector is booming, transaction fees are also skyrocketing – with the price of moving tokens around on the Ethereum blockchain...
Bitcoin Mining Difficulty Climbs Again, Miners Selling More BTC
11.8.2020
Bitcoin (BTC) mining difficulty is getting closer to the 17 T zone, as it went up again - meaning, Bitcoin miners' job just got slightly more difficult, while they're spending more of their coins.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up...
How Miners Can Hedge Their Inventory to Increase Return on Investment
10.8.2020
Strategies from the world of traditional finance could offer promise for miners who want to lower the risk associated with holding inventory
Bitcoin Halving and Ethereum 2.0 Bring Big Changes for Crypto Miners
9.8.2020
How Bitcoin’s third halving, Ethereum 2.0’s launch and the COVID-19 pandemic are affecting the crypto mining industry
Why is the ETC Price Steady Despite Risk of Further 51% Attacks?
7.8.2020
Despite suffering its second 51% in a week, and major exchanges disabling deposit, withdrawal, and some trading services, Ethereum Classic is up 2% over yesterday
Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control
7.8.2020
Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker...
Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’
5.8.2020
This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province. The landlocked...
The 2020 Rainy Season Is Tougher Than Ever for China’s Bitcoin Miners
4.8.2020
Chinese bitcoin miners are usually happy this time of year because the monsoon season brings excessive rain and thus cheap hydro electricity. But this year has proved to be tougher than ever
Bitcoin Miners Saw 7% Revenue Increase in July
1.8.2020
Bitcoin miners earned $300 in revenue during July
3 Reasons Not to Panic as Bitcoin Miners to Exchange Flow Spikes 46%
30.7.2020
On-chain data shows miners have sold more than they mined in the past week, but this might not necessarily impact BTC price for three reasons
Power Plants in Iran Are Authorized to Mine Bitcoin
29.7.2020
Power plants in Iran are allowed to mine cryptocurrencies, the deputy head of the country’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly confirmed. Mostafa Rajabi Mashhadi, deputy head of Tavanir, explained that entities have to apply for the necessary...
Ethereum Price Creates GPU Shortage, Some Manufacturers Blame Nvidia
29.7.2020
During the last four weeks, cryptocurrency markets have gathered significant value, and the crypto asset ethereum gained over 40% during the last 30-days. The price of ether moving northbound has caused a strain on the graphics processing unit (GPU) market, as ETH miners have become scarce....