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ASIC mining contributes to Bitcoin’s robust system of immutability and security

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.

13 JANUARY 2020

News

Bitmain cancels operation partnership for its Texas mining farm

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.

9 JANUARY 2020

News

Coinmine CEO talks crypto mining and why good user experience is so important for adoption

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.

6 JANUARY 2020

Interview

Is the ASIC Resistance dream closer to reality, despite claims of it being a myth?

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

6 JANUARY 2020

Аrticles

Bitmain to Further Cut Half of Its Personnel

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.

2 JANUARY 2020

News



Chinese Bitcoin Miners Pressured to Scale Down Due to Electricity Shortages

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.

1 JANUARY 2020

News

Unknown Miner Reaches 70% of Bitcoin Cash Hashrate

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.

31 DECEMBER 2019

News

Sichuan’s Garze Demands a Cleanup of Bitcoin Mining Operations to Give Priority to Social Electricity Demand

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.

26 DECEMBER 2019

News

China Seizes 7,000 Bitcoin Asics

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.

23 DECEMBER 2019

News

Chinese Bitcoin Miner Maker Ebang was Involved in Criminal Case

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.

22 DECEMBER 2019

News

GSR and Interhash to Create Hedging Solutions for Bitcoin Miners

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.

21 DECEMBER 2019

News

Taylor Swift photo hides malicious crypto-mining code

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.

20 DECEMBER 2019

News

Binance Research: Non-Economical Reasons Motivate Bitcoin SV Miners

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.

18 DECEMBER 2019

News

Bitmain’s Miner Manufacturing Subsidiary Had $680K in Assets Frozen in a Contract Dispute

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.

16 DECEMBER 2019

News

Which Is the Best Ethereum Mining Pool in 2019?

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.

15 DECEMBER 2019

Аrticles

Bitcoin miner manufacturer canaan’s shares crash 40%

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.

13 DECEMBER 2019

News

Hut 8 Mining Announces Closing of Drumheller Expansion

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.

29 NOVEMBER 2019

News

3 Major Crypto-Mining Challenges and How to Conquer Them

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.

23 NOVEMBER 2019

Аrticles

Bitcoin Mining Company Canaan Raises $90 Million in U.S. IPO

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.

21 NOVEMBER 2019

News

Chinese Regulators Set to Push Inspections of Crypto Mining Firms

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.

15 NOVEMBER 2019

News

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