Bitcoin Mining Experiences Worst Year in Half a Decade
Bitcoin miners held a stunning competition in 2019, lifting both the hashrate and difficulty to all-time highs. But it turns out for significant stretches, mining pools absorbed...
Chinese Bitcoin Miners Control Two-Thirds of Global Hashrate
Chinese Bitcoin miners have extended their share of the global hash rate. Currently, they control two-thirds of Bitcoin’s processing power, Reuters reported yesterday, citing a...
Bitmain Begins Expansion into South America
Bitmain is looking to establish a significant presence as it partners with two Bitcoin mining consulting firms. Meanwhile, co-founder Jihan Wu continues to consolidate his hold on the...
Digital Gold Rush: Bitcoin Mining Boom Coming to American West
Sentiment in the crypto industry is generally bearish at the moment as bitcoin takes another turn south and threatens to drop into the $6k region again. BTC mining outfits are...
Crypto Mining To Revive Abandoned Town in California
Visionaries bought Cerro Gordo, a remote 150-year-old ghost town in California. They plan to convert the abandoned mining town into a crypto and blockchain haven. Bringing New Mining...
IMF Calls on Georgia to Evaluate Crypto Income for Trade Balance
The International Monetary Fund (IMF) recommends that Georgia include the income from crypto trade and mining in its foreign trade balance reports. IMF Welcomes More Transparency on...
New Siberian Bitcoin Mining Farm is Russia’s Largest
BitRiver, the newly launched mining farm in Siberia, is now Russia’s largest bitcoin (BTC) mining facility. Mining billionaire Oleg Deripaska’s venture is already attracting...
Is Chinese Bitcoin Mining Firm Canaan’s $400M IPO a Desperate...
Chinese bitcoin mining hardware maker, Canaan, plans to raise $400 million through public sale of its stocks. But will the IPO ride be smooth or bumpy? Volatility is usual for...
Bitcoin Price Dips Despite Positive U.S. China Trade Talks
Bitcoin price slipped today as trade talks between the United States and China took a positive turn. According to reports, China may ease tariffs against US imports suggesting that a...
Bitmain Power Struggle Heats Up as Co-Founder Wrestles For Control
Chinese mining giant Bitmain is in the midst of a power struggle. Co-founder Micree Zhan who was ousted last week has returned with a vengeance asserting that he will use a legal team...
Bitcoin Mining is Not Banned in China: Report
All bitcoin and crypto market bullishness is emanating from China at the moment. One industry insider has just revealed that, contrary to earlier reports, China will not be banning...
Bitcoin Miners in Canada Uncover Green Energy Breakthrough
Canadian gas companies are using trapped natural gas to fuel Bitcoin mining, instead of simply having it flared to the atmosphere. Bitcoin mining is renowned for requiring a lot of...