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Mining

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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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Analysis: Three Factors Dragging Down the Mining Market

F2Pool CEO Mao Shixing, also known as Discus Fish, says there are three major constraints pulling down the Bitcoin mining market in China.
Nov 23, 2018 at 16:10Maud Gu
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Chinese Crypto Mining Farms Forced to Shut Down

Rumors have recently swirled across the Internet that crypto mining companies in China’s Guizhou and Xinjiang provinces have been ordered to shut down operations and carry out rectifications, tax audits and real-name registration.
Nov 13, 2018 at 19:07Maud Gu
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Bitmain Deploys 90,000 Miners for BCH Hard Fork in Northwest China

Crypto mining giant Bitmain has reportedly deployed 90,000 S9 mining rigs in China's  Xinjiang Province, some of which are already in place. It's believed that Bitmain aims to be well prepared for an upcoming BCH hashrate war.
Nov 08, 2018 at 18:53Maud Gu
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China’s Internet Court Reaches Decision on First Bitcoin Mining Machine Dispute

The court ruled that possessing and generating Bitcoin legally and trading Bitcoin mining machines is lawful in China.
Oct 10, 2018 at 19:21Roy Cai
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Bitmain Reveals Hong Kong IPO Figures

Bitmain made net profit of $742 million in the first half of the year. Yet the company is battling to keep up its performance.
Sept 26, 2018 at 19:00Roy Cai
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Bitmain Reportedly Calling Off HK IPO

CoinGeek founder Calvin Ayre says Bitcoin mining giant Bitmain is calling off its HK IPO and trying to regroup. An investor involved in Bitmain's pre-IPO financing round confirmed the news, saying that it makes sense stalling the IPO as competition has become too intense.
Sept 21, 2018 at 16:15Maud Gu
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