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Mining

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Bitmain Set to Deploy $80 Million Worth of Bitcoin Miners, Sources Say

Bitmain is planning to deploy 200,000 units of its own mining equipment in China to take advantage of cheap hydroelectric power this summer.
Mar 22, 2019 at 10:28Wolfie Zhao
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Nvidia on Track to Clear Inventory, Sticks to Bullish Outlook

Nvidia Corp. said chip inventory built up in anticipation of cryptocurrency mining demand that fizzled is expected to be cleared out in the current quarter.
Mar 20, 2019 at 11:14Ian King
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New Bitmain Z11 Antminer Comes With Pledge to Preserve Values of Zcash

Cryptocurrency mining giant Bitmain has released a new version of its Antminer Z series machines for Equihash algorithm coins, the company confirmed in a blog post on March 19.
Mar 19, 2019 at 17:12William Suberg
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Nasdaq Licenses Tech to a ‘One-Stop Shop’ for Crypto Trading and Mining

Bcause LLC, a self-described “full-stack cryptocurrency ecosystem,” plans to use Nasdaq technology to operate its markets.
Mar 14, 2019 at 11:26Nikhilesh De
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Bitcoin Mining Firm Canaan Raises Funds in ‘Hundred Million Dollars’

Canaan Creative, the maker of Avalon miners and one of the biggest cryptocurrency mining equipment manufacturers in China, has closed a new funding round.
Mar 12, 2019 at 16:44Wolfie Zhao
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Revenues on the Mend: Bitcoin Miners' Gross Margins Grew 39% in February

Mining operations that process SHA-256 coins like BTC and BCH saw revenues slashed due to the bear market lows at the end of 2018.
Mar 07, 2019 at 13:53Jamie Redman
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Bitcoin Miners Are Investing Again, Expecting a Cheap Power Boom Soon

Bitcoin miners in China are buying used equipment and making deals with mining farms and hydroelectric plants, betting abundant water this summer will make their businesses profitable again.
Mar 05, 2019 at 14:35Wolfie Zhao
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Bitcoin Hash Rate, Miner Margins Shift Back into Growth

Bitcoin miner revenues last month fell to the lowest intake since August 2017.
Mar 05, 2019 at 12:03Diar
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Bitmain Denies Rumors About $500 Million Q3 Losses

Bitcoin mining behemoth Bitmain has felt the pinch as it could have made a $500 million loss in the third quarter of 2018.
Feb 20, 2019 at 18:02Maud Gu
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Bitcoin Mining Is Environment-Friendly Suggests Robert Sharatt; Trashes Digiconomist’s Claims

The Bitcoin mining industry has long been a target for environmental groups, many of whom accuse the industry of being electricity heavy and leaving a significant carbon footprint on the planet.
Feb 03, 2019 at 15:30Jibin M George
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Taiwanese Chip Manufacturing Giant Blames Revenue Losses On ‘Crypto Winter’ Taiwanese Chip Manufacturing Giant Blames Revenue Losses On ‘Crypto Winter’

Taiwanese chip manufacturer United Microelectronics Corporation saw a roughly 10% decrease in revenue in the fourth quarter of 2018.
Jan 30, 2019 at 17:00P. H. Madore
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Crypto Mining Could Bring Russia $1B in Taxes, Report Suggests

Using its excess energy generating capacity to mine cryptocurrencies, Russia can increase its budget receipts by more than $1 billion dollars in annual tax revenue. The estimate comes from a report that also calls for the establishment of a Russian crypto valley.
Jan 29, 2019 at 16:49Lubomir Tassev
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Nvidia Decreases Q4 Revenue Estimates Citing Crypto Mining Decline, Conditions in China

Taiwan-based computer hardware producer Nvidia updated its financial estimates for Q4 for the fiscal year of 2019, according to a press release on Jan. 28.
Jan 29, 2019 at 15:46Miranda Karanfili
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JPMorgan & Chase: Only Low-Cost Chinese Bitcoin Miners in Profitable Positions

Analysts at JPMorgan Chase & Co. are claiming that Bitcoin is no longer worth the cost to mine it — and only low-cost Chinese miners are in a winning position.
Jan 28, 2019 at 14:22Elsa Saikkonen
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Insiders Believe Ethereum Hard Fork Could Wipe Out Some Miners

The Ethereum ecosystem is preparing for the upcoming Constantinople hard fork, a major overhaul to the network, which entails a shift from the current proof-of-work (PoW) to the proof-of-stake (PoS) protocol.
Jan 15, 2019 at 18:16Maud Gu
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Bitcoin Mining Pool Dominance Dwindles, Shifts to Unknown Miners

Unkown miners closed December having solved a whopping 22% of the total blocks up from 6% at the start of last year. The Bitcoin network is currently less likely to experience an attack given the fact the BTC.com controlled pools have lost dominance over the network.
Jan 15, 2019 at 10:42Diar
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Nine Crypto Firms Sue Washington State Utility over 50% Rate Hike

A major utility in the U.S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in creating and approving a new rate that raises electricity costs” for cryptocurrency miners.
Jan 14, 2019 at 11:03 Kevin Helms
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Bitmain Denies Rumors About Massive Layoffs

Bitmain, one of the world’s largest producers of crypto mining hardware, has denied rumors that it is laying off half of its headcount.
Dec 24, 2018 at 17:04Maud Gu
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More Than 600k Bitcoin Miners Shut Down Operations Over Last Two Weeks

Hundreds of thousands of Bitcoin miners have had to shut down their mining operations since mid-November, according to F2Pool.
Nov 27, 2018 at 18:34Maud Gu
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Craig Wright: Orphan Blocks Are a Signaling System for Bitcoin Miners

Major Bitcoin SV advocate CSW recently tweeted that orphan blocks act as a signaling system that constitute an essential part of the Bitcoin mining mechanism.
Nov 26, 2018 at 16:09Maud Gu
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