Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate.
Category: Bitmain
As Bitcoin Halving Dust Settles, Network Awakens to Costly New Reality
Bitcoin halving has led to high transaction fees and slow block generation speeds. Is this the new reality?
Nasdaq to Reportedly Tighten IPO Rules for Chinese Firms, Crypto Potentially Affected
Some Chinese companies could be left out of the world’s second-largest stock exchange as a result of proposed changes — and crypto is no exception.
45 Older-Generation Bitcoin Miners Are Unprofitable After the Reward Halving
On May 11, the Bitcoin network experienced its third block reward halving, which had chopped the 12.5 BTC reward to 6.25 coins following the event. It’s been close to a week later, and data stemming from mining rig profitability websites show that more than 45 older generation devices are not profitable right now at today’s […]
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Someone Was Propping Up the Bitcoin Cash Hashrate at a Loss in April
Data indicates that someone was propping up Bitcoin Cash at a loss prior to the halving.
Up to 30% of Bitcoin Miners Close Shop as Business Turns Unprofitable After Halving
About a third of Bitcoin (BTC) mining firms may already be switching off their machines as the business becomes unprofitable due to a reduction in mining rewards. The third Bitcoin halving – consummated earlier today – reduced supply of the pioneering cryptocurrency, cutting the bonus paid to miners for solving mathematical puzzles that underpin the […]
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Bitcoin Mining Markets Heat Up: Ebang’s $41M Deficit, Bitmain’s Alleged 2020 Revenue
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. However, the prospectus sent to SEC shows that while Ebang […]
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US Mining Firm Plans to Nearly Double Hash Rate After Halving
Riot Blockchain has announced the purchase of an additional equipment for its post-halving operations.
Fake News: New Reports Allege Bitmain Street Brawl Was Overstated
New information appears to show that an alleged street brawl between execs at Bitmain did not occur as reported
Bitmain Exec Reportedly Arrested After Street Brawl With Co-Founder
Power struggle at Bitmain intensifies as the company’s executive reportedly gets arrested for partaking in a mob attack on the company’s ousted co-founder.