Mining

China reverses decision to ban crypto mining in 2020

The plan to include cryptocurrency mining in China into a list of industries that would be banned in the country has reportedly been scrapped. Earlier this year, the National Development and Reform Commission (NDRC) in China revealed it was considering putting crypto mining on a list of banned industrial activities, which would have effectively phased...
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Bitcoin Mining is Not Banned in China: Report

All bitcoin and crypto market bullishness is emanating from China at the moment. One industry insider has just revealed that, contrary to earlier reports, China will not be banning bitcoin mining. No Bitcoin Mining Ban in China Within the past hour or so Chinese industry insider and Primitive Crypto founding partner, Dovey Wan, posted an...
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No, China Isn’t Banning Bitcoin Mining: Chinese Crypto Insider

Earlier this year, reports arose that China — once one of the cryptocurrency capitals of the world — was looking to ban Bitcoin mining.As reported by NewsBTC at the time, the SCMP reported that the National Development and Reform Commission (NDRC) has revealed a draft list of industrial activities the government is interested in restricting...
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Beyond China and North America: The Decentralization of Bitcoin Mining

Most of what you’ll read about bitcoin mining will be about mining operations in China and North America, but there is a small, growing sector of active mining operations in parts of the world that you don’t often hear about, in countries like Norway, Russia, Venezuela and Paraguay. As China Goes, So Goes Bitcoin Mining?...
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ETH Developers Vote To Disable The Difficulty Time Bomb

The latest Ethereum news show that the biggest altcoin is closely tracking Bitcoin and its price action over the past several days and weeks. ETH was also able to incur some bullish momentum the past Tuesday which was not the case for Bitcoin. As it stands, ETH is stuck in range but could soon retrace...
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Video: Will Bitcoin Crash or Double in Price After the Halving? Miners Have Their Say

Will the price of bitcoin double or crash during the upcoming halving next year? And how will the mining industry adapt to their revenue stream being cut in half over night? See what professional miners from around the world have to say on the matter. Also Read: US, EU and UK Companies Can Now Pay...
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Russian Aluminum Plant Set to House Cryptocurrency Mining Farm

International economic sanctions have propelled many countries toward cryptocurrencies — from Venezuela to Iran. Now, U.S. sanctions imposed on one Russian company have paved the way for a cryptocurrency mining operation to take over a decidedly industrial facility. Rusal Turns to Cryptocurrency Mining in Face of Sanctions One such establishment is Rusal, an aluminum giant...
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Bitmain Files Secret IPO Application with Deutsche Bank as Sponsor

Bitmain has reportedly filed with the SEC as it intends to go public in the U.S. At the moment, there aren’t specific details about the filing. Even though there’s currently no official word from the company, it has been reported that China’s Bitmain Technologies – one of the largest crypto mining manufactures in the world...
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Russian Company Strives to Mine 20% of Bitcoin Supply

Russian Mining Company will station the equipment for mining on the metalworking plant that is not used since August 2018.  Russia has always had great ambitions, and now this vast country is planning to embrace a significant part of the Bitcoin (BTC) mining industry. To deeper penetrate into this activity, Russian Mining Company (RMC) owned...
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Mining giant Bitmain drives out co-founder Micree Zhan, BCH surges

Bitmain, one of the largest mining hardware manufacturers in the world, has ousted co-founder and largest shareholder Micree Zhan Ketuan in what seems to have been a bloody power struggle within the company. Bitmain CEO Jihan Wu announced Zhan’s in an internal memo, where he warned employees against taking instructions from Zhan. Bitmain’s biggest shareholders ousted...
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Canaan Officially Files for $400 Million IPO on Nasdaq

Canaan, which is a competitor to Bitmain, is reportedly seeking to list in the U.S. after its Hong Kong plans fell through. One of the biggest bitcoin miner manufacturers, the Avalon Bitcoin miner Canaan Creative, publicly filed for a U.S. Initial Public Offering (IPO) on Monday, with big names as underwriters. Credit Suisse, Galaxy Digital,...
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Bitmain Co-Founder and Major Shareholder Removed from the Company by CEO

It appears that Micree Zhan has been forced out of Bitmain by his CEO and co-founder Jihan Wu. In what sounds like the makings of the plot of a telenovela series, top crypto billionaire and founder of cryptocurrency mining giant Bitmain Micree  Ketuan Zhan has been forced out of his own company where he holds...
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Attack or Bad Oscillation? Bitcoin Cash Sees Bout of Unusual Mining Activity

The Bitcoin Cash (BCH) blockchain typically sees around 6 blocks found every hour. In recent days, an unknown entity was at times mining as many as 12 BCH blocks per hour, prompting community debate regarding the cause of the anomalous rapidity. Early on, two main theories about the episode rose to the fore, namely that...
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Mining Giant Canaan Creative Files to Go Public in the US Markets

Beijing-based Canaan Creative, a leading manufacturer of blockchain servers and solutions for repetition ASIC chips, has again filed to go public (this time in the US markets). The company, which is one of the world’s largest crypto mining equipment producers, filed its initial public offering (IPO) prospectus with the US Securities and Exchange Commission (SEC)...
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Litecoin Hashrate Decreases by Over 50% Since This Year’s Block Reward Halving

A lot of information can be garnered from looking at any cryptocurrency’s network hashrate. In the case of Bitcoin, the opinions regarding this matter have been well-documented over the past few years. Litecoin, on the other hand, has noted a very significant drop in mining power over the past few months. It appears the recent...
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Bitcoin Cash encounters problems with mining as single miner ‘controls 50% hashrate’

On one hand, everything seems to be going well for the cryptocurrency market with Bitcoin and other cryptocurrencies have regained most of its lost value, while also seeing an overall positive sentiment. On the other hand, one particular cryptocurrency with a market cap of over $4 billion seems to have hit the red alert button....
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Final Russian Nuclear Researcher Receives Prison Sentence for Illegal Crypto Mining

A nuclear lab researcher in Russia will reportedly be serving three years in a prison colony for allegedly using government equipment to illegally mine Bitcoin (BTC). Andrey Rybkin, a nuclear scientist working at the All-Russian Scientific Research Institute of Experimental Physics in Sarov, was the last of three other employees to receive a prison sentence...
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Bitmain Aims to Build a 300MW Texas Mining Farm

The Beijing-based Bitmain Technologies and DMG Blockchain Solutions announced the launch of a 25MW mining facility in Rockdale, Texas. The new mine aims to bolster Bitmain’s international expansion which will soon expand to 50MW of processing power and then extend the operation’s capacity to more than 300MW. Also read: The Silk Road Investigation: A ‘Pattern...
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Bitmain Builds The Largest BTC Mine In Rural Texas – Why?

The latest Bitcoin news show that one class of investors has more than doubled the value of the long positions that it holds in Bitcoin (BTC) futures contracts this month. As fresh data from an analyst named Skew Markets shows, the BTC futures institutional long positions went from below 500 BTC ($4.11 million) on October...
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Good-Luck Texas Town Bets On Bitcoin And Wins: Bitmain Launches Mining In Rockdale

Good things happen to those who wait. And in case of crypto, three months are sometimes enough. That’s the time between a Wired article that railed against the inevitable fool’s errand of working with Bitmain… and the launch of Bitmain’s Texas 50 MW mining farm in Rockdale, Texas, a location that the Chinese companconsiders strategic....
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Bitcoin.com Launches HashRace Promotion to Maximize Miners’ Profits

JAPAN, TOKYO, October 21, 2019 — Bitcoin.com, the world’s leading resource for cryptocurrency-related products and news, has launched the HashRace, a Bitcoin.com Pool promotion aimed at maximizing profits for its extensive network of Bitcoin mining clients. The 180 day promotion, which began on October 21st, 2019, will reward miners with an unlimited hashrate bonus for...
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Bitmain’s Jihan Wu Talks Mining and Industry Growth With Bitcoin.com’s CEO

At the World Digital Mining Summit in Frankfurt, Germany, Bitcoin.com’s CEO Stefan Rust sat down with Jihan Wu, cofounder of Bitmain Technologies and Matrixport. The two discussed how cryptocurrencies being used for payments is spreading and how Bitmain is doing after the bear market last year. Also read: SEC Wants Second Look at Bitwise Bitcoin...
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Bitmain Opens 50 MW Bitcoin Mining Center in Texas

On October 21, 2019, Chinese bitcoin mining giant Bitmain launched mining headquarters in Rockdale, Texas, in collaboration with the Rockdale Municipal Development District and Canadian blockchain firm DMG Blockchain Solutions.  The Texas facility will be located on a 33,000-acre site, and Bitmain will be working to increase its power output from the current 25 MW...
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Bitmain Launches 50MW Crypto Mining Facility in Texas amid Drive for Expansion

Bitmain has announced the launch of a crypto mining facility in Texas, with hopes that it could later become the largest in the world. Bitmain, the Chinese manufacturer of computing chips and cryptocurrency mining equipment, has just launched a 50MW facility for crypto mining in Texas’ Rockdale city. The facility was erected in conjunction with...
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Bitcoin Mining Startup Layer1 Raises $50M from Peter Thiel, Shasta Ventures and Others

Bitcoin mining startup Layer1 will run its own power sub-station and utilize solar and wind energy generated on the plains of West Texas. Layer1, San Francisco-based startup involved in Bitcoin mining, has raised $50 million in an effort to live up its plan to establish farms for mining. The money has been received from such...
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Canaan Expects $1 Billion-Plus from AvalonMiner Sales in 2020

This article was originally published by 8btc and written by Lylian Teng. Canaan Creative, the world’s second-largest bitcoin mining machine manufacturer, said it expects to sell 1 million bitcoin miners in 2020 as buying interest increases. Chen Feng, sales director of the Hangzhou, China-based company, said in a live streaming interview with 8btc that the...
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18 Millionth BTC to Be Mined Today While Only 208 Days Left till Bitcoin Halving

While Bitcoin is seeing some selling pressure around $8000 levels currently, 18 millionth BTC is to be mined soon. The Bitcoin network is set to achieve another milestone as the 18 millionth Bitcoin shall be mined today. Putting some light on this matter, Morgan Creek Digital founder Anthony Pompliano tweeted the same earlier this week....
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Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies

A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins. Also read: Ukraine...
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Layer1 Secures $50M in Funding to Rebalance the Global Bitcoin Hash Power

Layer1, a cryptocurrency infrastructure platform, has secured $50 million in series A funding in a bid to revolutionize the bitcoin mining space in the U.S.  According to a Layer1 blog post published on October 15, 2019, the funding (which values the company at $200 million) came from legendary investor Peter Thiel, among others. This isn’t...
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MineHub Launches HyperLedger-Powered Mining Industry Platform

The mining industry (the dig into the ground kind) is about to get a major upgrade thanks to an IBM Hyperledger powered venture by MineHub. According to a recent press release, the blockchain-powered platform will allow for faster and more accurate mining contracts, smart contracts and trading among other things. The platform has already gone...
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