Bitcoin Mining

Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them

</header> <strong>According to data sites and a number of observers, bitcoin miners are selling coins faster than they can produce them. Ever since the market downturn on March 12 and the week of falling prices that followed, bitcoin miners have been struggling.</strong> Also read: Bitcoin Hashrate Down 45% – Miners Witness Second-Largest Difficulty Drop in …

Bitcoin Miners Are Selling Coins Faster Than They Can Generate Them Read More »

Bitcoin Mining Difficulty Posts Second-Biggest Percentage Drop in Its History

A key measure of competition among Bitcoin miners just dropped by 15.95 percent – the second-largest decline in the network’s history. The drop in so-called mining difficulty signals some miners have bowed out of the ongoing race to solve math problems to win freshly minted bitcoin, as a decline in the cryptocurrency’s price has made …

Bitcoin Mining Difficulty Posts Second-Biggest Percentage Drop in Its History Read More »

Ruble’s Drop Eases Pain of Lower Bitcoin Prices for Russia’s Miners

The global market meltdown has indirectly benefited Russia’s bitcoin miners, even as the cryptocurrency’s price tumbled along with other assets. That’s because the Russian national currency has rapidly lost value, dropping from 60 rubles to the dollar to 80 in two weeks. In addition to the coronavirus pandemic weighing on all markets, the ruble has …

Ruble’s Drop Eases Pain of Lower Bitcoin Prices for Russia’s Miners Read More »

Price Drop Casts Pall Over Bitcoin Miners’ Equipment Upgrades

Bitcoin’s price crash last week has cast a shadow over mining firms, which have spent over half a billion dollars overhauling equipment over the last six months in preparation for the network’s next so-called halving. Large bitcoin (BTC) mining farm operators in three countries told CoinDesk they’ve been on a buying spree to upgrade or …

Price Drop Casts Pall Over Bitcoin Miners’ Equipment Upgrades Read More »

Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors

</header> <strong>Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U.S. securities laws before its initial public offering (IPO). Phillippe Lemieux, a Canaan investor, filed a class-action lawsuit that claims the company violated the Securities Act of 1933. Lemieux believes Canaan misled investors and the Securities and Exchange Commission (SEC) in regards …

Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors Read More »

Why Bitcoin Mining Might Be the New Business Model for US Power Plants

South Korea gets legal recognition for crypto, New York power plant mines BTC and the end of the intranet era for enterprise blockchain? It was another good day for global crypto as South Korea votes to formally integrate the industry into the existing financial system, opening the market to new players and potentially improving services …

Why Bitcoin Mining Might Be the New Business Model for US Power Plants Read More »

Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption

The computer processing power of the bitcoin network is growing again – albeit slowly – as major Chinese miner manufacturers gradually resume business after the coronavirus outbreak delayed shipments. The average hashing power on bitcoin (BTC) over the past seven days has reached a new high of around 117.5 exahashes per second (EH/s), up 5.4 …

Bitcoin’s Computing Power Is Growing Again After Coronavirus-Related Disruption Read More »

Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High

</header> <strong>On Monday, March 2, miners processing blocks on the <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> network surpassed the network’s all-time high as the overall hashrate touched 136 exahash (EH/s). The record-breaking achievement happened despite the price of <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> dropping below the $9K region throughout the course of the last …

Bitcoin Mining Investment Strong – BTC Hashrate Surpasses All-Time High Read More »

Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit

</header> <strong>On Thursday, the China-based mining rig manufacturer Bitmain announced the launch of two new Antminer S19 series models that process between 95 to 110 trillion hashes per second (TH/s). The Antminer S19 Pro model with 110TH/s and 29 joules per terahash (J/TH) is 24 trillion hashes per second faster than Microbt’s latest Whatsminer M30S …

Bitmain Unveils 2 Bitcoin Miners With Max Speeds Up to 110TH/s Per Unit Read More »

World’s Top Crypto Miners Race to Roll Out Top-of-Line Machines Ahead of Bitcoin Halving

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 halving event in less than three months. On Thursday, Beijing-based mining giant Bitmain launched its latest AntMiner S19 and S19 Pro models, boasting computing power as high as 110 terahashes per second (TH/s) and …

World’s Top Crypto Miners Race to Roll Out Top-of-Line Machines Ahead of Bitcoin Halving Read More »