Cryptocurrencies Mining News
ASIC mining contributes to Bitcoin’s robust system of immutability and security
With the advent of Bitcoin came industries that were never foreseen, and one of the prominent ones is the mining industry. Undermining Satoshi Nakamoto’s rule of ‘one CPU, one vote,’ the mining of the largest cryptocurrency has been completely overtaken by ASIC miners. Since its inception, there has been a divided sentiment surrounding whether ASIC mining is, in reality, good or not, not just for this particular cryptocurrency, but also other proof-of-work based cryptocurrencies in the market.
Bitmain cancels operation partnership for its Texas mining farm
Bitmain, one of the world's largest bitcoin mining machine manufacturers and miners, has terminated its management agreement with its Texas mining farm operator, DMG Blockchain Solution.
Coinmine CEO talks crypto mining and why good user experience is so important for adoption
CryptoSlate recently had the opportunity to chat with Coinmine CEO Farbood Nivi. In 2019 Nivi founded Coinmine, the manufacturer of the Coinmine One — the first all-in-one crypto device that is made for use by everyone. The beauty of the Coinmine is that no technical expertise is required to set it up and start mining.
Is the ASIC Resistance dream closer to reality, despite claims of it being a myth?
“Today we know that centralization and big bureaucracies have not, as promised, been the answer for promoting better opportunities for society” ~ Carlos Salinas de Gortari
Bitmain to Further Cut Half of Its Personnel
Bitmain has launched its ‘personnel optimization program’ by the end of 2019. At the end of last week, Jihan Wu, CEO of Bitmain held a meeting to ask all department managers to submit the ‘optimization list’. Bitmain will hold its annual meeting on January 17, and the optimization plan is expected to be completed before the annual meeting.
Chinese Bitcoin Miners Pressured to Scale Down Due to Electricity Shortages
Bitcoin (BTC) miners in the Chinese province of Sichuan are reportedly under pressurelocal authorities to scale down their operations due to electricity shortages.
Unknown Miner Reaches 70% of Bitcoin Cash Hashrate
The unknown hashrate of Bitcoin Cash (BCH) has suddenly reached 68.75% today in a surprising development.
Sichuan’s Garze Demands a Cleanup of Bitcoin Mining Operations to Give Priority to Social Electricity Demand
Authorities in Sichuan have started pressuring cryptocurrency mining businesses operating in the “Bitcoin mining capital” amid the dry season which has been leading to a shortfall in electricity supply.
China Seizes 7,000 Bitcoin Asics
Chinese authorities have seized 6,890 bitcoin asics in the Kaiping District of Tangshan near Beijing according to local media.
Chinese Bitcoin Miner Maker Ebang was Involved in Criminal Case
On December 9, Ebang, a Chinese bitcoin miner maker, received the notice of filing the case and now is under investigation of Beijing police Bureau.
GSR and Interhash to Create Hedging Solutions for Bitcoin Miners
Liquidity service provider and digital asset market maker, GSR, announced a partnership with Interhash, the mining services company and strategic partner of mining rig manufacturer, Canaan, in an updated press release, Dec. 20. The partnership aims to provide risk management solutions for Bitcoin miners on Canaan’s network, allowing them to protect against losses and earn yield on inventory.
Taylor Swift photo hides malicious crypto-mining code
Concealed crypto mining – using infected computers to produce hashes for specific types of coins – is using more ingenious methods to hide from operating systems. The latest exploit involves an infected image of Taylor Swift.
Binance Research: Non-Economical Reasons Motivate Bitcoin SV Miners
The motivation driving Bitcoin SV (BSV) miners is non-economic in nature, according to a report released by major cryptocurrency exchange Binance on Dec. 18.
Bitmain’s Miner Manufacturing Subsidiary Had $680K in Assets Frozen in a Contract Dispute
A district court in Shenzhen, China, recently ordered the freezing of almost $680,000 in assets belonging to a fully owned subsidiary of bitcoin mining giant Bitmain.
Which Is the Best Ethereum Mining Pool in 2019?
Currently, Ethereum mining is still a lucrative business, as you can mine ETH using a GPU rig. To make even more profit, you can join an Ethereum mining pool to divide the workload.
Bitcoin miner manufacturer canaan’s shares crash 40%
Canaan shares recently crashed by as much as 40% on Nasdaq, which was likely caused by the continuous pressure on Bitcoin price.
Hut 8 Mining Announces Closing of Drumheller Expansion
Hut 8 Mining Corp. (TSX: HUT) (OTCQX: HUTMF) ("Hut 8" or "the Company"), one of the world's largest public cryptocurrency mining companies by operating capacity and market capitalization, announced today that its purchase of 9 Blockbox AC data centers for US$7 million from the Bitfury Group ("Bitfury") at its facility in Drumheller, Alberta is now fully operational. The acquisition added approximately 16% of capacity to Hut 8's existing operations.
3 Major Crypto-Mining Challenges and How to Conquer Them
Crypto mining is the process of releasing cryptocurrencies into a network by completing a given set of mathematical computations. And just like any other mining industry -- gold, data, etc.-- it comes with a unique set of challenges.
Bitcoin Mining Company Canaan Raises $90 Million in U.S. IPO
Canaan Inc., a maker of Bitcoin mining machines, raised $90 million after pricing its U.S. initial public offering at the bottom of its marketed range.
Chinese Regulators Set to Push Inspections of Crypto Mining Firms
Regulators in the Chinese autonomous province of Inner Mongolia continue to crack down on the province’s crypto mining companies.
Ex-CFTC Chairman to Promote Blockchain-Based USD in New Think Tank
Most Canadian crypto exchanges likely fall under securities laws, according to new guidance
36% Of U.S Smes Now Accept Cryptocurrency Payments
Huobi Joins Blockchain Turkey Platform to Boost Local Ecosystem
Crypto asset manager Grayscale posts its best year with over $600 million in investments
Chainalysis traced $2.8 billion in bitcoin being sent to crypto exchanges by criminals last year
NBA's Sacramento Kings partner with ConsenSys to launch sports gear auctions on Ethereum
Bithumb dispute taken to Tax Tribunal
Team Behind Foin Token Scheme Explains Catastrophic Price Drop
How blockchain copyright protection will thwart pirates
Three Cryptocurrency Regulation Themes For 2020 – And The Flawed Premises Behind Them
Top technology trends that shaped 2019