bitcoin miners

Chinese Bitcoin Miners Forced To Reduce Electricity Consumption

Disappointment or not? This is what many people are asking themselves when reviewing the year behind our backs. The right question to ask right now is – did 2019 truly deliver everything that was expected in the crypto industry?While the price of Bitcoin and other cryptocurrencies were expected to go higher, so did may other...
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China Forces Bitcoin Miners to Scale Down Amid Electricity Shortfall

With the dry season approaching, Bitcoin miners in China’s Sichuan province may be forced to reduce their electricity consumption. Prioritizing Communal Electricity Needs Over Crypto Miners According to Asia Times, authorities in Sichuan Province, China, are reportedly leaning on Bitcoin miners to cut down electricity consumption. This news comes amid the dry season in Southwest...
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Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020

Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass production next year. The firm Canaan also recently announced that the...
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Chinese BTC Miners Extend Their Share Of Global Hashrate To Two-Thirds

The Chinese BTC miners are now controlling two-thirds of the global hash rate or Bitcoin processing power. According to the Reuters reports, a further explanation of the research by CoinShares was provided and we are reading further in today’s Bitcoin latest news. The report shows that the Chinese BTC miners control 66 percent of Bitcoin’s...
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What is Bitcoin Halving? Complete Guide to this Mining Change

Every four years or so, bitcoin undergoes an important event known as the “bitcoin halving”. This first happened in 2012, and again in 2016. Likewise, it will happen again next year around May 2020. What is the bitcoin halving? What impacts does it have on the economics of bitcoin? In this article, we’re going to...
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Are Bitcoin Miners Causing The Latest Price Plunge?

Unicorns are companies which have crossed the $1 billion valuation mark. They are a rare breed nowadays but are growing as the cryptocurrency market grows. In today’s crypto news, we are listing the top 10 most valuable blockchain companies at press time.Just so you know, the below shared values include the company valuation which is...
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Bitcoin Difficulty Drops, Can The Miners Survive The Halving Event?

Alternative Airlines is the name of the latest travel company which makes headlines in the cryptonews section. As the updates show, this UK travel company has partnered with the cryptocurrency service Utrust to facilitate payments with crypto.On November 13, the Switzerland-based firm and digital payments processor Utrust announced a new partnership with the first merchant...
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Do Bitcoin Miners Influence BTC Price Action?

Recent research has taken a closer look into bitcoin prices and miner flows to crypto exchanges. There have been clear spikes as expected when larger mining pools liquidate but the correlation is not as strong as many would expect. This would suggest there is more hodling going on this year. Do Bitcoin Mining Pools Impact...
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Chinese Bitcoin Miners Migrate North After Wet Season

A China-based crypto news outlet recently published a comprehensive report on the costs associated with building a digital currency mining farm in China. Additionally, the local publication revealed that Chinese miners are starting to migrate north to access cheap thermal power and wind power after the wet season in Sichuan. Also read: RBI Ban Stops...
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Bitmain announces the launch of a mining map to connect mining hardware owners with farm owners

Beijing-based mining equipment manufacturer Bitmain has been in the news lately, following several developments in its ecosystem. With Bitcoin’s hash rate constantly hitting new all-time highs, Bitmain is trying to keep up with miners by launching new and powerful models of Bitcoin mining devices. Despite the plummet in the price of Bitcoin, the hash rate...
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Iranian BTC Miners Risk Jail Time As Government Regulates Mining

The blockchain news today show that a new contest is underway and Telegram is the one hosting it. As the details show, Telegram will award developers a notable prize for their efforts – which is doing their best to build smart contracts from scratch. The awards will come through the native cryptocurrency of Telegram, the...
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Huge Mining Confidence Indicates A Strong Boost For Bitcoin

The latest cryptocurrency news bring up the topic of blockchain technology. There are mixed indicators regarding the current progress of stalling of adoption right now. As the updates show, blockchain is a new frontier in many industries and that its adoption is getting real every single day. To back up the statement above, we will...
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Bitcoin Mining Power With A New High As 500k New ASICs Go Online

The Bitcoin mining power, which is the computing power dedicated to mining BTC, has hit another new high. All of this suggests that more than 600,000 powerful new machines may have come online in the last three months. The latest cryptocurrency news pull out data from the crypto mining pool BTC.com, showing that the Bitcoin...
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Bitcoin Miners to Enjoy Tax Holiday in Iran

Iran’s government is looking to provide tax breaks for bitcoin miners in the country. This move is the latest in a series of steps geared towards supporting the local crypto industry as a way of boosting the country’s economy. Meanwhile, bitcoin mining continues to see increased activity as the network hash rate approaches unprecedented levels....
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Bitcoin Mining Farms Are Growing On The Siberian Industry Zones

The latest cryptocurrency news show that the price of every major cryptocurrency took a nosedive lately, setting a new low for BTC and many other coins. The two month low for Bitcoin has stabilized the cryptocurrency well below the $10k threshold to its lowest level of the summer. In the coming altcoin news, we can...
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Bitcoin Miners Made $14 Billion So Far By Securing The Network

The Bitcoin and altcoin news yesterday took the world by storm. As we reported, the market lost more than $20 billion in one day, but analysts still see this as a good buying opportunity for those who want to make the most of BTC as an investment. In fact, 36 hours ago, we saw Bitcoin...
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