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Why China’s Move Against Bitcoin Is Turning Out To Be The Best Thing Ever For The Crypto Market
Bitcoin’s price suffered another tumble this week following the latest developments in China on the cryptocurrency front. The Chinese government had warned of its intention to crack down on mining in the country and it’s since been reported that more than 90 percent of the PRC’s mining capacity has been shut down as lots of […] дальше »
2021-6-23 12:54 | |
Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining
Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. дальше »
2021-6-16 15:30 | |
Yunnan Province in China Clamps Down on Illegal Bitcoin Mining
China's fourth-largest bitcoin mining province threatens to shut down non-compliant companies by the end of June. The post Yunnan Province in China Clamps Down on Illegal Bitcoin Mining appeared first on BeInCrypto. дальше »
2021-6-13 16:50 | |
Iran Finds Scapegoat In ‘Easy Victim’ Bitcoin as Officials Shut Down 1,600 Mining Farms
As Iran experiences rolling electricity blackouts, the country’s authorities have responded to the crisis by targeting bitcoin mining farms. The sanctions-hit country’s campaign against miners has seen a total of 1,600 mining centers being shut down. дальше »
2021-1-27 12:00 | |
Bitmain’s Co-Founder Jihan Wu Steps Down In Bid To Settle Longstanding Power Struggles
The leadership disputes within Bitmain, the world’s biggest mining firm, have finally been resolved. One of Bitmain’s co-founder, Jihan Wu, is set to resign as the company’s CEO as part of the settlement. дальше »
2021-1-27 00:01 | |
Bitmain’s Jihan Wu ‘finally’ settles disagreement with co-founder; resigns as chairman
Bitmain Technologies CEO Jihan Wu is reportedly stepping down from his role in the mining company. The Chinese billionaire cryptocurrency entrepreneur published a cryptic tweet on 26 January that mentThe post Bitmain’s Jihan Wu ‘finally’ settles disagreement with co-founder; resigns as chairman appeared first on AMBCrypto. дальше »
2021-1-26 20:00 | |
Ethereum's mining difficulty, hashrate hit new all-time highs
Soon after Ethereum's price went past the crucial $1400-level a few days back, it fell down the charts. However, despite the scale of price corrections, the cryptocurrency was continuing to trade closThe post Ethereum's mining difficulty, hashrate hit new all-time highs appeared first on AMBCrypto. дальше »
2021-1-23 12:30 | |
Band of Mining Pools Stand Against “Miner-Robbing” Ethereum Update
Several minority mining pools on Ethereum are working together to bring down the implementation of Ethereum Improvement Proposal (EIP) 1559. The proposal was put forward by ETH developers to help curb the network’s outrageous and highly volatile fees. дальше »
2021-1-23 22:00 | |
Tehran Government Blames Bitcoin Mining for Massive Blackout
The authorities are now cracking down on illegal bitcoin mining operations.
The post Tehran Government Blames Bitcoin Mining for Massive Blackout first appeared on BitcoinExchangeGuide. дальше »2021-1-19 17:46 | |
Iran Wages War on Bitcoin Miners, Shutters 1,620 Unlicensed Operators
Iranian authorities have hammered down a massive 1,620 bitcoin (BTC) and crypto mining farms in the state. The authorities claim the operators of the bitcoin ming farms failed to register with the government as earlier directed, according to reports on January 7, 2021. дальше »
2021-1-9 18:00 | |
Iran Shuts Down 1,620 Cryptocurrency Mining Farms
Since Iran began recognizing cryptocurrency mining as an industry, it has reportedly shut down 1,620 unauthorized crypto mining farms. Crypto miners initially welcomed the recognition but later said that the electricity tariffs were too high. дальше »
2021-1-6 16:10 | |
Ukraine Billionaire’s Closed Kentucky Steel Plant Has Been Mining Bitcoin On The Side
A defunct Kentucky-based steel plant that belongs to Ukrainian Oligarch Ihor Kolomoisky is said to have allegedly pivoted towards Bitcoin mining after shutting down operations in July. CC Metals & Alloys (CCMA) has been mining Bitcoin within its premises, according to a report by RadioSvoboda. дальше »
2020-12-15 18:00 | |
Crypto Mining Crisis in Abkhazia Worsens After Power Substation Caught Fire
The crypto mining crisis in Abkhazia is closely reaching its boiling point following the burnout of a power substation amid the refusal of both illegal and legal crypto miners to slow down their operations in the state. дальше »
2020-12-10 17:00 | |
Bitcoin Mining: Network Congestion, Fees Uptick, China Ban, & Russian Hash Power in Play
In the world of Bitcoin mining, the hash rate of the network, the computing power used to validate BTC transactions has taken a drop following the positive difficulty adjustment of 8. 8%. The 7-day average hash rate of the network is currently at 131 EH/s, down from the all-time high of 146. дальше »
2020-12-2 20:54 | |
Here's what Bitcoin's recent hashrate drop may imply for miners
Bitcoin has seen its hash rate decline over 43.47 % within a span of 3 days, due to Chinese mining farms closing down for the dry season. The reason being, they cannot generate enough hydropower withoThe post Here's what Bitcoin's recent hashrate drop may imply for miners appeared first on AMBCrypto. дальше »
2020-10-30 22:00 | |
Bitcoin Miner Maker Ebang Narrows First Half Loss To $7 Million, as Covid-19 Hit Demand
Ebang International Holdings Inc. , the Chinese maker of bitcoin mining hardware, reported a net loss of $6. 96 million during the first six months of this year, down from $19. 07 million a year ago, as demand fell due to the coronavirus pandemic. дальше »
2020-9-29 10:15 | |
Bitcoin Plunges Below $11,000 as Selling Pressure from Miners Ramps Up
After facing some slight turbulence yesterday, Bitcoin incurred a massive rush of selling pressure today that sent its price reeling down to lows of $10,700 This movement came about in the form of a sharp selloff following a prolonged bout of sideways trading within the lower $11,400 Analysts are now noting that the market is now at serious risk of seeing further downside This comes as multiple large BTC mining pools begin offloading their holdings […] дальше »
2020-9-4 21:00 | |
Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2. 4 million during the second quarter of 2020, down from $5. 6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. дальше »
2020-9-3 08:00 | |
Malaysian Police Shut Down Crypto Mining Operation for $600k Electricity Theft
Sept 1, 2020 — Two Malaysian cryptocurrency mining facilities have been raided by law enforcement for an alleged electricity theft totaling more than $600k. According to reports by local news outlet The Star, the raids were conducted as a joint operation between Malaysia’s Energy Commission, the Tenaga Nasional Berhad (TNB) power utility firm, and local […] The post Malaysian Police Shut Down Crypto Mining Operation for $600k Electricity Theft appeared first on BeInCrypto. дальше »
2020-9-2 12:50 | |
Iran Shuts Down 1,100 Illegal Bitcoin Miners; Whistleblowers Rewarded $2,400
Iran’s Power Generation, Distribution, and Transmission Company (Tavanir) has reportedly shut down 1,100 illegal bitcoin mining farms in the country, local media reported. Whistle-blowers tipped off authorities on unauthorized miners following a July announcement of rewards including 100 million rials (about $2,400). дальше »
2020-8-23 16:30 | |
Proposal to Cut Ethereum’s Annual Inflation Rate Met With Miner Criticism
A new Ethereum Improvement Proposal (EIP) which aims to decrease the network’s mining reward is currently being debated. EIP-2878 looks to drop the block reward to just 0. 5 ETH. Those behind the new EIP claim it will bring annual inflation down and preserve the purchasing power of ether. дальше »
2020-8-20 16:35 | |
Excessive Flooding in Sichuan Causes 20% Hashrate Losses for Chinese Bitcoin Miners
Torrential downpours of nonstop rain have been wreaking havoc in China’s Sichuan province, which has caused some operations to shut down ASIC mining devices. Reports from the region show that certain areas have seen electrical shortages and the aftermath is causing quite a bit of stress for Chinese bitcoin miners. дальше »
2020-8-19 20:30 | |
Government Raids Illegal Bitcoin Mining-Farm in Kyrgyzstan
Financial police in Kyrgyzstan have discovered and shut down an illegal bitcoin mining farm. A cell phone video of the raid was released by government officials. On August 6, the Kyrgyz Republic State Financial Crime Office discovered a bitcoin mining farm in an abandoned airplane hangar in Bishkek. дальше »
2020-8-8 19:21 | |
Blockchain Bites: XRP Sales, INX IPO and Bitcoin Mining Woes
China's bitcoin miners are in a rut during a period of intense flooding, Ripple shows signs of sales growth and INX scaled down its IPO vision. дальше »
2020-8-4 19:05 | |
Mining pool co-founder on Bitcoin mining centralization, ‘death spirals’, and money printing
CryptoSlate recently sat down with Ethan Vera, the CFO of Luxor Mining Pool and a former investment banker at Goldman Sachs. The post Mining pool co-founder on Bitcoin mining centralization, ‘death spirals’, and money printing appeared first on CryptoSlate. дальше »
2020-7-27 14:00 | |
Venezuela Bans Crypto Mining At Government Provided Housing Due to Energy Demands
The Venezuelan government outlaws mining of Bitcoins (BTC) in any state-owned public housing projects due to ‘high electricity consumption’ and ‘disruption of the national grid supply. ’ However, a group of critics on the moving state the problems facing electricity in the country are inherent to the government’s negligence. дальше »
2020-7-20 17:00 | |
Mining Company Ebang’s Stock Listed on Nasdaq Down 11%, Firm Plans to Launch Offshore Exchange
The bitcoin ASIC mining rig manufacturer, Ebang International Holdings, was recently listed on Nasdaq last Friday on June 26. Ebang is now the second mining rig manufacturer to have a U. S. initial public offering (IPO) by selling company shares. дальше »
2020-7-3 03:05 | |
Bitcoin Mining Heats Up: High Difficulty Adjustment, Pool Consolidation, Less Concentration in China
It’s been approximately 37 days since the notorious Bitcoin reward halving that took place on Monday, May 11, 2020. On June 16, the Bitcoin network saw a large upwards difficulty adjustment making it much harder to mine bitcoins and slowing down the issuance rate because block generation has slowed down. дальше »
2020-6-18 03:05 | |
The 5th Largest Mining Pool Sold $23 Million Bitcoin at $10k Before the Dump
On June 1st, the price of bitcoin soared to $10,430 and remained above $10k until the dump yesterday took it down to $9,150 on some exchanges and to $8,600 on BitMEX. But before the digital currency crashed more than 9%, bitcoin miners sold a good chunk of their BTC. Before BTC’s dump, 2,293.7 BTC at […] дальше »
2020-6-3 16:18 | |
Canaan Stock Tumbles After 180-Day IPO Lockup Expiration
Investors in Canaan Creative, a large Chinese Bitcoin mining firm, are reportedly abandoning ship as the company’s stock price plummets rapidly. Data from Nasdaq shows the Canaan (CAN) stock price down by more than 12% over the last 24 hours. дальше »
2020-5-28 13:10 | |
Why The Post-Halving Miner Capitulation That’s Underway May Ignite A Meteoric Bitcoin Rally
Bitcoin miners have been on a wild roller-coaster ride in the past few weeks. After the halving on May 11, the rewards they receive were slashed by half from 12.5 BTC per block to 6.25 BTC. As a result, most of the miners using older model mining machines were forced to shut them down as […] дальше »
2020-5-27 12:26 | |
Maximize Profits on BTC Trading with Bexplus
After the bitcoin block reward halving on May 11, Glassnode.com statistics show the BTC hashrate is 90 EH/s or so on May 22. The overall SHA256 hashrate lost around 47 EH/s. Due to the electrical shortages, some mining machines have been forced to shut down to avoid more losses. From the image below, we can […] дальше »
2020-5-24 18:11 | |
Canaan Narrows Q1 Loss to $5.6 Million Amid Weakening Demand for Mining Hardware
Bitcoin mining rig manufacturer Canaan Creative reported a net loss of $5. 6 million for the first quarter of 2020, down from $9. 5 million a year earlier. The Chinese company cut prices of its ASIC-based machines by over 50% in an effort to improve sales, but that wasn’t enough to prevent the heavy loss. дальше »
2020-5-24 06:01 | |
Bitcoin Miner Maker Canaan Has Been a ‘Disaster’ Since Its IPO; CAN Price Down 64%
Nasdaq-listed Bitcoin mining equipment maker, Canaan (CAN) had its IPO in November last year. At that time, it was trading at $8. 9 and since then, it lost about 64% of its value and is currently down at $3. дальше »
2020-4-11 19:55 | |
US State Regulators Order ‘Fraudulent’ Crypto Mining Scheme to Shut Down
The Texas State Securities Board and Alabama Securities Commission filed an emergency action against Ultra Mining, alleging it offered unregistered securities by promising to double investments in a cloud mining scheme. дальше »
2020-4-9 20:00 | |
Bitcoin network expects stability as mining difficulty gets readjusted by ~16%
The Bitcoin crash that took the price of the world's largest cryptocurrency down to $3k has been a game-changer for Bitcoin miners everywhere. In fact, many miners quit the network as the mining becamThe post Bitcoin network expects stability as mining difficulty gets readjusted by ~16% appeared first on AMBCrypto. дальше »
2020-3-26 22:30 | |