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Europe Heats Up Competition in Bitcoin Mining, Layer1 Plans Bold Move in US
15.5.2020
As China’s dominance in Bitcoin (BTC) mining has already decreased this year, Europeans are taking even more steps to become more attractive to crypto miners. At the same time, BTC miners in the US also have ambitious plans.
While Ukraine plans to offset the financial chaos of the coronavirus...
Bitcoin’s Price Has Bounced But Miners May Still Be Switching Off Post-Halving
14.5.2020
While bitcoin is fast reversing its pre-halving price drop, hash-rate data suggests miners are still leaving the network
Bitcoin Cash and BSV Hash Rates Surge Following BTC Halving
14.5.2020
The hash rates of BCH of BSV have recovered, after crashing hard following their April halvings. Mining profitability for BSV, BCH, and BTC is now roughly the same
A Closer Look at the Bitcoin Network’s Post-Halving Hash Rate
13.5.2020
Bitcoin network hash rate experienced some decline, but the first difficulty adjustment post-halving will still see a positive adjustment
Canadian Firm Hut 8 Reports Bitcoin Mined in Q1 Declined 54% Due to Price Volatility
13.5.2020
On Monday, Hut 8 Mining reported that first-quarter revenue rose 5% to $9 million from $8.59 million a year ago after the amount of bitcoin (BTC) extracted plunged sharply. Quarter-on-quarter, revenue fell 14%. For the three months to March 31, 2020, the Canadian bitcoin firm said it mined 1,116...
New Cryptic Chinese Operation Instantly Becomes Sixth-Largest BTC Mining Pool
12.5.2020
A new Chinese mining pool swiftly takes 5% of the Bitcoin mining pie, while its origins remain unknown
Riot Blockchain’s Bitcoin Mining Revenues in Q1 Rise 70% Year-on-Year
12.5.2020
Biotech firm-turned-Bitcoin miner Riot Blockchain disclosed strong results for Q1 2020 in its latest quarterly report filed with the U.S. Securities and Exchange Commission
Hut 8 Mining Revenue Continues Decline in Q1
11.5.2020
Hut 8's Q1 2020 earnings fell, pulled lower by falling revenue, decreased EBITDA and increased collateral requirements
Unprofitable Miners Already Leaving Bitcoin Network Ahead of BTC Halving
11.5.2020
The halving is just a few hours away — and many miners are already shutting their soon-to-be unprofitable rigs, says Poolin VP Alejandro De La Torre
Crypto Long & Short: Bitcoin Markets Are Growing Up. Bitcoin Mining Is, Too
11.5.2020
There is a notable shift in the style and profile of bitcoin miners, towards more sophisticated structures and financial engineering
Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue
10.5.2020
The Chinese ASIC mining rig manufacturer Bitmain reportedly pulled in $300 million in revenue during Q1 2020. Meanwhile, as Bitmain claims to be regaining market share, the firm Ebang recently applied with the U.S. Securities and Exchange Commission (SEC) for initial public offering (IPO) status....
The CoinDesk 50: Bitmain, the Behemoth of Bitcoin Mining
9.5.2020
Bitmain remains at the center of the crypto economy. But, in China, "mining avengers" are racing to catch up
Catastrophic Disruption or Healthy Rebalancing? How The Halving Will Impact Miners
9.5.2020
With the Bitcoin halving set to transpire in just a few days, analysts are predicting significant disruptions to mining operations
Bitcoin Pre-Halving Hash Rate Volatility to Shake Up the Mining Sector
8.5.2020
As the halving approaches, Bitcoin’s hash rate sees major volatility. So what does it mean, exactly?
Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation
8.5.2020
After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl
One of Bitcoin’s Earliest Miners Is Dedicating $66M in Crypto to a Fund of Funds
8.5.2020
Bixin, one of the earliest bitcoin miner operators and wallet startups, is dedicating 6600 bitcoin, worth $66 million, to a new fund of funds
China's Dominance in Bitcoin Mining Dropped Amid Growing Competition
7.5.2020
Chinese Bitcoin (BTC) miners' share in Bitcoin's hashrate, or the computational power of the network, shrunk this year when hashrate jumped by 25%, while the US returned to second place, according to the Bitcoin Mining Map created by the Cambridge Centre for Alternative Finance (CCFAF).
The...
65% of Global Bitcoin Hashrate Concentrated in China
7.5.2020
A new bitcoin mining map by the University of Cambridge shows that China accounts for 65% of the world’s hash power. About half of the country’s hash rate is produced in just one place, the autonomous Xinjiang region, which makes up 35.76% of the global total. Launched recently,...
Cambridge University Releases New Tool for Tracking Global Bitcoin Mining Power
7.5.2020
Cambridge University's Centre for Alternative Finance has released a bitcoin mining map, showing where bitcoin miners are located worldwide
Bitcoin Node Count Falls to 3-Year Low Despite Price Surge
6.5.2020
The number of Bitcoin nodes fell to its lowest level in almost three years, according to data calculated by one prominent Bitcoin developer