Bitcoin Mining

Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’

This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province. The landlocked province in Southwest China, Sichuan is located upstream of the …

Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’ Read More »

The 2020 Rainy Season Is Tougher Than Ever for China’s Bitcoin Miners

The rain has come. The machines are humming. This should be the best time of the year for China’s bitcoin miners. The monsoon season, generally from June to October, brings excessive rain and thus cheap hydro electricity. But this year is different, proving to be harder than ever for China’s bitcoin miners and mining farm …

The 2020 Rainy Season Is Tougher Than Ever for China’s Bitcoin Miners Read More »

Bitcoin Miners Saw 7% Revenue Increase in July

Bitcoin miners enjoyed a 7% increase in revenue during July, driven by higher network fees and increased transaction volume as bitcoin (BTC) rallied to new yearly highs above $11,400. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial …

Bitcoin Miners Saw 7% Revenue Increase in July Read More »

The Future of Crypto Mining is All About Computing Power, Says RRMine Global CEO

RRMine Global CEO, Steve Tsou, said at a Cointelegraph China Great Bay Area International Blockchain Week pre-event interview on July 29 that the future of crypto mining will transit from labor-intensive companies to technology-intensive and capital-intensive companies. It will be all about computing power. Computer power and the digital economy With the rapid development of …

The Future of Crypto Mining is All About Computing Power, Says RRMine Global CEO Read More »

Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia

Study: Exchanges Accepted $1.3 Billion in Bitcoin Stemming from ‘High-Risk Addresses’ A recently published report from the research and analysis firm Peckshield indicates that during the last two quarters of 2020, cryptocurrency exchanges accepted 147,000 BTC ($1.3 billion) from high-risk addresses. During the last few years, blockchain research and surveillance firms … read more. Grayscale …

Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia Read More »

Bitcoin Mining Firm Northern Data Slams ‘Trolls’ After Stock Drops 40%

European Bitcoin (BTC) mining firm Northern Data has seen its stock fall 40% in days amid claims that it committed fraud. Data from Bloomberg showed the company’s NB2 stock trading at under €47 ($53.70) at the end of July 17, down from €79 ($90.30) on Monday. Northern Data: “We’re as transparent as it gets” Northern …

Bitcoin Mining Firm Northern Data Slams ‘Trolls’ After Stock Drops 40% Read More »

Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14%

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. Bitcoin.com …

Report Cuts China’s Bitcoin Mining Capacity to 50% of World Total, Raises US’ to 14% Read More »

Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. Bitcoin.com …

Miner Hoards: Q2 Bitcoin Mining Supply Outflow Touches 12-Month Low Read More »

Binance Pool Poised to Grab More Bitcoin Hash Rate in Russia and Central Asia

Binance is looking to consolidate more bitcoin mining hashrate to its pool in Russia and the Central Asia region. The world’s largest crypto exchange is deploying a physical server node for its pool at BitRiver, the largest bitcoin mining hosting provider in Bratsk, Russia. The move would give miner owners at BitRiver who choose to …

Binance Pool Poised to Grab More Bitcoin Hash Rate in Russia and Central Asia Read More »

Fidelity Acquires 10% Stake in Bitcoin Mining Firm Hut 8

700,000 Expedia Hotels Can Now Be Paid With Cryptocurrencies via Travala More than 700,000 Expedia Group hotels and accommodations are now available via crypto-friendly travel booking platform Travala. Bookings can be paid with more than 30 cryptocurrencies, including bitcoin. Despite covid-19, Travala saw a 170% increase in booking revenue from its … read more. The …

Fidelity Acquires 10% Stake in Bitcoin Mining Firm Hut 8 Read More »