Kazakh officials seize 360 illegal Bitcoin ASICs amid push for higher mining tax

Kazakhstan’s authorities have confiscated 360 specialized Bitcoin ASICs as part of the country’s ongoing campaign to weed out “gray” crypto miners. The post Kazakh officials seize 360 illegal Bitcoin ASICs amid push for higher mining tax appeared first on CryptoSlate.

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Nhash – Profitable Pool Mining Made Easy

Mining is one of the best ways to earn cryptocurrencies, especially Bitcoin. This used to be easier, but the system is becoming more complicated with the use of ASICs and large electricity demands. With pool mining though, you can also earn BTC or any other cryptocurrency by sharing in miner revenue by contributing to the […]

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As Bitcoin Mining Hits All-Time Highs, Access To ASICs Is Key

As bitcoin propels its mining industry to new heights, the challenge of obtaining new equipment is critical.

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Bitcoin (BTC) Miner Hut 8 Joins DCG's Subsidiary with 14,400 ASICs

Leading North American Bitcoin (BTC) mining pool, Foundry USA by DCG's Foundry Digital

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Stock Traded Miners Start Holding Their Bitcoin

A movement is on in bitcoin mining among publicly traded companies that heralds the biggest change since the invention of asics back in 2013. “After considerable planning, implementation of internal...

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Blockstream Buys $25M Worth of Bitcoin Mining Machines From MicroBT

The ASICs are set to be deployed in Blockstream facilities through the U.S. and Canada.

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Gaming Company The9 Agrees to Buy 26,000 Bitcoin Mining Machines

The company says a "majority" of the ASICs are already deployed.

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Bitcoin Hash Unmoved by Chip Shortages and Iran Blackouts

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Russian large bitcoin miners buy electricity from leading commodity companies

Gazprom Neft launched an associated petroleum gas power plant near the city of Khanty-Mansiysk. Large bitcoin mining farm Vekus buys electricity from this power plant. And in Norilsk, a large data center with hundreds of ASICs is powered by a power plant of a former nickel plant.

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Beyond ASICs: 3 Trends Driving Bitcoin Mining Innovation

The bitcoin mining industry needs more than a market rally to survive – it needs to find answers to its environmental and geographical threats.

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Bitcoin Hashrate Rebounds as Asian Miners Bring Machines Back Online

After moving machines out of Sichuan, miners are bringing ASICs back online.

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Bitcoin (BTC) Miner Producer Bitmain Releases New Miner, AntRack. It May Use 1 nm Chipsets!

Leading Bitcoin ASICs producer Bitmain released brand new "rack-style" miner. What is special about this model?

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Bitcoin Records Largest Mining Difficulty Drop Since 2011. Here’s What It Really Means

Bitcoin just saw its biggest single mining difficulty drop since 2011. According to data from Glassnode, bitcoin’s mining difficulty adjusted downward by roughly 16%, its largest negative adjustment since the introduction of ASICs.

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Bitcoin Miners Push Hashrate to New All-Time High of 144 EH/s

Bitcoin hashrate hits a record high of 144 EH/s as miners are putting high-powered ASICs to work

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Bitcoin: Is this the end of the line for the S9 miner?

Bitcoin mining as an industry has evolved over the years as BTC's price has. From being able to mine BTC using CPUs to GPUs, FPGAs, and ASICs, the industry has matured with the current hashrate at 124The post Bitcoin: Is this the end of the line for the S9 miner? appeared first on AMBCrypto.

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10,000 ASICs Disappear from Bitmain's Mining Farm

Bitcoin suffers serious economic losses following the disappearance of 10,000 of its mining machines

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Hedge Fund Partners with Core Scientific, Invests in Upgrading Bitcoin Asics to Antminer S19

One of the biggest bitcoin and ethereum mining datacenter in the United States, Core Scientific, has partnered with a $5.3 billion hedge fund, Horizon Kinetics LLC. Horizon describes itself as...

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S9 Miners Return to Bitcoin as Network Hashrate Stabilizes

After last week’s halving, miners took their S9 ASICs offline as Bitcoin revenues dropped. Now, S9s are making a resurgence as BTC prices rise, showing that miners have confidence in... The post S9 Miners Return to Bitcoin as Network Hashrate Stabilizes appeared first on Crypto Briefing.

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The Rise of ASICs: A Step-by-Step History of Bitcoin Mining

The machines that maintain the Bitcoin network have undergone rapid technological development. Here's a detailed look at that evolution and at what might lie ahead.

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Bitcoin (BTC) Mining Worldwide in Danger with Price Below $8,000, Here's Why

Two months prior to the Bitcoin (BTC) halving, the F2 Miners pool reports that the profitability of Bitcoin (BTC) mining on many ASICs is at risk. Will miners capitulate?

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Bitmain Teases New Generation of ASICs, Antminer S19, Ten Weeks Before Bitcoin (BTC) Halving

With the approach of the third Bitcoin (BTC) halving, miners of the crypto king need to reconsider the economics of their business. Bitmain has something special for them

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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. China Central Television (CCTV) says Tangshan Police, in conjunction with the.

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Canaan Creative Raises $90 Million in IPO, Bringing ASICs To NASDAQ

Canaan Creative, a major mining equipment manufacturer, has launched an Initial Public Offering. The company is best known for its AvalonMiner line of ASIC devices, which are designed for use in Bitcoin mining.

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Bitcoin Price Analysis - On-chain metrics weaken

Both the network hash rate and network difficulty had posted record highs week over week since late-June. This consistent increase was likely due to both new ASICs being manufactured as well as relatively cheap electricity enabling older ASICs to become profitable.

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Bitfury Opens Direct Sales Of Bitcoin Mining Equipment To SMEs

Bitcoin mining rig manufacturer, Bitfury, has published prices on its equipment for the first time. According to an article in Russian-language, RBK-Krypto, the company has opened online hardware sales to small and medium-sized enterprises.

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Bitcoin ‘s Blockchain Stronger Than Ever, to See Historic Milestone Of 100 EH/s as 500,000 ASICs Go Live

The hash rate of Bitcoin (BTC) has finally reached a historic new high: 100 quintillion hashes per second (EH/s). This large number was never before reached in the history of the token, which shows that there are now more miners in the market than ever before.

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Bitcoin Mining Power Hits New High as Half a Million New ASICs Go Online

The computing power dedicated to mining bitcoin has hit yet another new high, suggesting that as many as 600,000 machines have come online since June.

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Cryptocurrency Mining: Are ASICs Causing Centralization?

You can’t really discuss the topic of cryptocurrency mining without getting into issues surrounding the concept of centralization. One of the greatest aspirations of cryptocurrency communities is to decentralize the monetary system and create “trustless” transactions.

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Bitcoin Mining Industry’s Exponential Growth Just Won’t Stop

A decade ago when Satoshi Nakamoto unleashed the Bitcoin network, the security behind the protocol was guarded by only a few miners. These days, mining the SHA-256 algorithm has become a thriving industry that hasn’t stopped growing.

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Bitcoin Price Analysis - On-chain metrics pull back as Hash rate and difficulty push for record highs

Network mining fundamentals have shown impressive growth in the past few weeks with both hash rate and difficulty pushing new all-time highs. As long as the markets remain bullish, and mining profitability remains positive, miners will likely continue to add hash rate, especially as older ASICs return to profitability.

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Illegal Bitcoin Mining? China Seizes Thousands of ASICs

China Arrests 22 in Illegal Bitcoin Scheme Bitcoin mining is still a thing in China. And according to a recent report from XinhuaNet, a Chinese press agency, so is illegal cryptocurrency mining. Due to the.

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Fidelity Is Really In Love With Bitcoin: Texas Office Filled With Crypto ASICs

Many cynics say that institutions and other big names in the corporate world aren’t in Bitcoin (BTC) or crypto assets yet. But, this is quickly being proven not to be the case. In a recent tweet, a Bitcoin developer and industry insider revealed that one of the biggest names on Wall Street has and continues.

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Eobot – A Crypto Exchange and Cost Effective Cloud Mining Solution

Mining Bitcoin and other Proof of Work (PoW) cryptocurrencies has traditionally required users to invest in expensive mining hardware, called ASICs, to mine new coins. Instead, some operators are using cloud mining solutions, which require little to no hardware to maintain, produce no heat and require virtually zero electricity for the user – with the cloud […] Eobot – A Crypto Exchange and Cost Effective Cloud Mining Solution was originally found on Cryptocurrency News | Tech, Privacy, Bitcoin & Blockchain | Blokt.

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How a Bitcoin mining ban in China could impact BTC’s price and security

China’s central planning agency announced plans to ban Bitcoin mining and is currently soliciting comments before it makes its final determination. Mining and cryptocurrency experts have mixed opinions on how the move will impact the security and price of BTC.

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Ethereum mining has seen massive improvements in industrialization of GPUs, says Monero’s Riccardo Spagni

Riccardo Spagni, the lead developer of Monero, opined on whether Monero [XMR] was currently more decentralized than Bitcoin [BTC], during an interview with Monero Talk. This argument was put forth after taking into consideration the fact that Bitcoin was purely ASIC mined, in a market where only a handful of manufacturers produced the ASICs and […] The post Ethereum mining has seen massive improvements in industrialization of GPUs, says Monero’s Riccardo Spagni appeared first on AMBCrypto.

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Bitmain Announces Improved 7nm Bitcoin Mining Chips, Price and Network Centralization Analysis

Bitmain announced its next-generation of mining ASICs for Bitcoin, Bitcoin Cash, and other SHA256 coins. The growing difficulty in manufacturing these computer chips raise concerns around network decentralization for these cryptocurrencies.

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Chinese Miners Are Back to Work

After the Bitcoin collapse in mid-November 2018, Chinese miners, who accounted for, according to various sources, from 70% to 80% mining of cryptocurrencies, began to massively get rid of ASICs. Hysteria has reached such level that ASICs were sold by weight.

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Today’s Cryptocurrency News: A Look at the Top Headlines Across Bitcoin and Blockchain

Crypto Bear Market Caused Nearly 1 Million Bitcoin Mining ASICs in China to Hibernate but May Be Back Online Soon The crypto winter has been strenuous for the entire industry, from investors to miners to exchanges.

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Chinese Miners to Activate Over 1 Million ASICs Ahead of 2020’s Halving

Chinese miners are confident that crypto currencies provide a strong profit opportunity not only for mining even after Bitcoin suffered one of the most important falls in its history. According to an article published by.

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ASICs vs. Everyone: Who Will Win the Crypto Mining Arms Race?

Developers building public blockchains are faced with slowly losing the war against Application-Specific Integrated Circuit (ASICs). ASIC-resistant developers are facing an eternal “cat and mouse” chase in which some have claimed they may have already lost.

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Don’t Underestimate Samsung Galaxy S10’s Crypto Offering, Millions Will Be Exposed To Bitcoin

It’s official, Samsung, one of the most preeminent powerhouses in the technology sector, has formally delved into the crypto space. While the company, headquartered in Seoul, South Korea, has hinted at its involvement with blockchain historically — backing CryptoKitties, experimenting with ASICs, and trialing blockchain — it has yet to release a cryptocurrency product built for.

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Energy Incentives Make Bitcoin Mining a Natural Fit for B.C., Canada

When it comes to bitcoin mining, Canada is a natural.  A temperate climate helps to keep mining equipment cool, and plentiful renewable energy from hydroelectric dams gives Canadian provinces like British Columbia a natural advantage with cheaper electricity costs.

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New China Crypto Mining Rumor: BitFish’s F2Pool Disconnects BTC ASICs Causing Bitcoin Hashrate to Drop

While some of the ongoing rumours can neither be confirmed or denied, it is being reported all over the internet that the recent drop in Bitcoin’s native hashrate has forced a large number of crypto mining rigs within China to be turned off— primarily because this business avenue no longer seems to be profitable. According […]

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Bitcoin mining optimization level 100: Heating a 6000 sqft home with 6 S9 ASICs

A Canadian miner posted an interested tweet today, showing an image of his house being heated with the excess energy created by his bitcoin miners. This is the prototype Francis is referring to. It completely and comfortably heat my 6000 sqft home, at my desired temperature during Quebec winters.

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Japanese GMO Internet postpones shipments of new miners

Special purpose integrated circuits (ASICs) for bitcoin mining on 7 nm chips manufactured by the Japanese GMO Internet will come to the market later due to the shortage of components.

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Chinese Bitcoin Mining Equipment Manufacturers Suffer Setback as Trump Increases Tariffs

Bitmain’s $3 billion initial public offering (IPO), as well as that of other Chinese bitcoin mining equipment manufacturers such as Canaan and Ebang, may be adversely affected by the June categorization of the firm’s Antminer S9 ASICs miners as “electrical machinery apparatus.

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Bitfury Launches New Generation of Bitcoin (BTC) Mining ASICs

Bitfury, one of the largest companies in the crypto mining business has announced that the evolution of its Bitcoin (BTC) mining ASIC “Bitfury Clarke” is now available. According to an official press release, the new Bitfury Clarke aims to optimize Bitcoin (BTC) mining, thanks to a careful assembly process that makes it an excellent choice […] The post Bitfury Launches New Generation of Bitcoin (BTC) Mining ASICs appeared first on Ethereum World News.

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Innosilicon’s Impending ASIC Miner Could Challenge Bitmain’s Dominance

As controversies surrounding Bitmain’s looming IPO spell uncertainty for the future well-being of the mining goliath, competitors are fast to move in on the manufacturer’s territory.

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Bitfury Reveals New Generation of Bitcoin ASIC Chips

Bitfury Group unveiled a new generation of bitcoin mining ASICs on Wednesday, boasting greater efficiencies than previous models.

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