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Bitmain Retains Only a ‘Minuscule Lead’ Over Competitor Microbt Amid Ongoing Power Tussle, Says Report
19.8.2020
Bitcoin mining hardware maker Bitmain still has a “minuscule lead” over competitor Microbt despite the former’s ongoing power struggle and supply chain issues, according to Bitmex. Researchers at the derivatives exchange tested flagship products from the two companies...
Bitcoin Mining Difficulty Set for a New All-Time High
19.8.2020
Bitcoin (BTC) mining may rise to become the most difficult it's ever been in five days from now. Meanwhile, miners continue spending.
If the BTC.com estimates come true, bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, will rise nearly 3% during its next...
Riot Blockchain Supercharges Mining Ops With 8,000 More Bitmain Rigs as Bitcoin Price Soars
19.8.2020
Company executives say Riot Blockchain is on track to become cash flow positive later this year
Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners
18.8.2020
Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress...
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...
Top Bitcoin Mining Pools See 15% Hash Rate Drop Amid Continuous Rainstorms in China
18.8.2020
Major Chinese bitcoin mining pools are each seeing daily hash rate drops between 10 to 20% as continuous rainstorms in Sichuan disrupt power supply
Bitcoin’s Hashrate Hits Record High 130 EH/s, as BTC Price Faces Resistance at $12,000
17.8.2020
Bitcoin’s seven-day average hashrate has reached a new all-time high of 130 exahash per second (EH/s) – a feat that might positively influence the asset’s price, while adding to the fundamental strength of the Bitcoin network. According to the latest data from charts.Bitcoin.com...
Bitcoin Mining Firm Layer1 Accused of Copyright Infringement
17.8.2020
Layer1 — a Bitcoin mining firm backed by PayPal co-founder Peter Thiel — was accused of copyright infringement
Miner Hut 8 Reports Q2 Revenue Plunged 67% to $6.9 Million Due to Bitcoin Halving
15.8.2020
Canadian miner Hut 8 Mining Corp has reported that second quarter revenue tumbled 67% to $6.9 million from $21.2 million a year ago, as Bitcoin’s supply cut in May forced production to decline. The Toronto Stock Exchange-listed company extracted just 795 bitcoin (BTC) in the April to June...
PayPal Co-Founder, DCG-Backed BTC Mining Firm Layer1 Accused of Patent Infringement
15.8.2020
Data center power management firm Lancium filed a lawsuit against Layer1 today, alleging that the BTC mining firm’s operations had infringed upon its patent
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...
Marathon Signs New $23M Contract with Bitmain for 10,500 Bitcoin Mining Rigs
14.8.2020
The $23 million purchase will see Marathon's bitcoin mining capacity increase drastically, turning it into one of the largest miners in North America
Friday Pullback? Biggest Bitcoin Mining Pool Sends 800 BTC to Binance
14.8.2020
CryptoQuant warns that a sell-off from Poolin may accentuate downward Bitcoin price pressure in the short term
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
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
Riot Blockchain Mined 227 Bitcoin in Q2
11.8.2020
Riot reported a current mining capacity of 556 petahash per second
Riot Blockchain Mined 508 Bitcoin in Q2
11.8.2020
Riot reported a current mining capacity of 556 petahash per second
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...