Bitcoin Blockchain and Cryptocurrency News Center
While some cryptocurrency miners are purportedly shutting down due to unprofitability, Chinese mining giant Bitmain continues to not only see its new products sold out but is also improving some of its older flagship devices. Bitmain’s Antminer E3, a popular ASIC miner was suspected to become obsolete by April 2020, will continue mining Ether (ETH) at least till October […]
Two of the largest bitcoin mining equipment manufacturers are in a neck-and-neck race to roll out top-of-the-line machines ahead of bitcoin’s (BTC) halving event in less than three months, the Coindesk reported. On Thursday, Beijing-based mining giant Bitmain launched its latest AntMiner S19 and S19 Pro models, boasting computing power as high as 110 terahashes […]
Chinese crypto mining giant and ASIC hardware producer Bitmain has announced a launch date of April 9th for its new energy-efficient Antminer S17 series miners. The news was revealed in an official Bitmain blog post on March 29. As previously reported, the new miners will be fitted with Bitmain’s 7nm (nanometer) ASIC mining chip — dubbed “BM1397” — designed for mining cryptocurrencies that use the SHA256 algorithm […]
As reported, Bitcoin miners in China are buying used equipment and making deals with mining farms and hydroelectric plants, betting abundant water this summer will make their businesses profitable again. That’s because during this season a significant amount of excess electricity is expected to be generated by hundreds of hydropower stations, especially in China’s mountainous […]
Cryptocurrency mining giant Bitmain Technologies has opted to reduce its operations in the Netherlands, the company said in a statement on Jan. 14. Bitmain, which in November announced the first in what has become a series of cost-saving measures by shutting down a blockchain development center in Israel, said the move was part of its longer-term roadmap. The company has reportedly suffered as a result […]
Cryptocurrency mining giant Bitmain and major crypto exchange Huobi have reportedly confirmed plans to lay off staff amid the 2018 price rout of the crypto markets. Hong Kong English-language newspaper South China Morning Post (SCMP) reported on the layoffs on Dec. 26. Beijing-based Bitmain Technology, which has dominated the mining hardware manufacturing horizon this year, is quoted by SCMP as saying in a statement that […]
As the CoinDesk reported, the Hong Kong Stock Exchange (HKEX) is reluctant to approve the initial public offering (IPO) applications of Chinese bitcoin mining equipment manufacturers, according to a person involved in the talks. Following the 2017 cryptocurrency market boom, mining giants Canaan Creative, Ebang and Bitmain applied in May, June and September of this year, respectively, to sell shares […]
Chinese cryptocurrency mining giant Bitmain released several price indices Nov. 30, aiming to track the largest assets for both institutional and retail investors. The Bitmain Crypto Index (BCI) comprises real-time spot price reading which refreshes every second, along with a daily reference price. The spot index covers the 17 largest cryptocurrencies by market cap. In a methodology overview, Bitmain said the product was […]
As the CoinTelegraph announced, China-based Bitcoin (BTC) mining giant Bitmain has sued an anonymous hacker for the alleged theft of cryptocurrency worth $5.5 million from Bitmain’s account on Binance in April, according to a lawsuit filed with the U.S. District Court for the Western District of Washington at Seattle on Nov. 7. As stated in the court document, an unknown hacker, referred to as “John Doe” in […]
Bitmain, the Beijing-based cryptocurrency mining giant, has officially filed an application to go public on the Hong Kong Stock Exchange (HKEX), the CoinDesk writes. Published on Wednesday, Bitmain’s long-awaited initial public offering (IPO) prospectus follows various news reports that the mining giant has been mulling a Hong Kong listing for a multi-billion dollar public fundraising. The […]