May 22, 2020 China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack? Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate. The government of China’s Sichuan province moves to stamp out Bitcoin (BTC) mining activity, citing that growing cryptocurrency prices have led to the escalation of illegal activity under the guise of mining.Sichuan…
May 21, 2020 As Bitcoin Halving Dust Settles, Network Awakens to Costly New Reality Now that the Bitcoin block reward has been halved, BTC’s hash rate and transaction fees are feeling the impact. Things haven’t quite been the same since the Bitcoin (BTC) halving.…
May 19, 2020 Nasdaq to Reportedly Tighten IPO Rules for Chinese Firms, Crypto Potentially Affected Some Chinese companies could be left out of the world’s second-largest stock exchange as a result of proposed changes — and crypto is no exception. Nasdaq, the world’s second-largest stock exchange, is going to introduce new restrictions on initial public offerings (IPOs) to prevent smaller Chinese companies from getting listed, a recent Reuters report citing anonymous sources suggests.Chinese…
May 16, 2020 Someone Was Propping Up the Bitcoin Cash Hashrate at a Loss in April Data indicates that someone was propping up Bitcoin Cash at a loss prior to the halving. Since it was first launched back in August 2017, Bitcoin Cash (BCH) has failed to make an impact in terms of metrics like price and trading volume.…
May 9, 2020 US Mining Firm Plans to Nearly Double Hash Rate After Halving Riot Blockchain has announced the purchase of an additional equipment for its post-halving operations. U.S.-based mining firm, Riot Blockchain, has more than doubled the number of next-generation Bitcoin (BTC) miners it has purchased, buying 1,040 Antminer S19s from Bitmain on May 6. The…
May 9, 2020 Fake News: New Reports Allege Bitmain Street Brawl Was Overstated New reports indicate that a previously-alleged mob attack by Bitmain employees was significantly overstated by the press. We recently reported that Bitmain’s CFO, Luyao Liu, was arrested after allegedly partaking in a mob attack in Beijing.…
May 8, 2020 Bitmain Exec Reportedly Arrested After Street Brawl With Co-Founder Power struggle at Bitmain intensifies as the company’s executive reportedly gets arrested for partaking in a mob attack on the company’s ousted co-founder. Bitmain CFO and supposed legal representative Luyao Liu was arrested after allegedly partaking in a mob attack on the company’s ousted co-founder Micree Zhan in Beijing, local reports suggest.Liu…
May 3, 2020 Bitmain Recovers, Claims Profits Despite Pandemic and Power Struggle Chinese cryptocurrency mining hardware producer Bitmain is now poised for a rebound after hitting a rough patch. Chinese cryptocurrency hardware manufacturer Bitmain seems to be bouncing back after a streak of dismal reports.…
April 29, 2020 Bitmain’s revenue in 2020 gross over $300M despite multiple rumored issues Cryptocurrency hardware manufacturer Bitmain’s revenue in the first four months of 2020 surpasses 300 million dollars despite various setbacks.…
April 27, 2020 Bitmain Calls Ex Co-Founder’s Claims of Holding 36% Equity Baseless Bitmain releases a public statement saying that co-founder Zhan’s claims of owning a 36% stake in Fujian Zhanhua are baseless. The world’s largest cryptocurrency mining rig producer Bitmain released a statement on April 27 condemning deposed co-founder Micree Ketuan Zhan’s attempts to regain control over Fujian Zhanhua Intelligence Technology Co.…
April 26, 2020 Samson Mow: Bitmain S17/T17 Antminer Has High Failure Rate The Blockstream CSO announced that Bitcoin miners are reporting technical issues with the Bitmain rigs resulting in 20-30% failure rates. Cryptocurrency miners relying on the Bitmain S17 and T17 Antminer have said that the rigs have failure rates between 20-30% where they would normally be roughly 5%.According…
April 20, 2020 Next-Generation Bitcoin Mining Hardware Arrives Just In Time For BTC Halving MicroBT has unveiled its coming series of 100 TH/s miners for the post-halving block rewards, igniting competition with Bitmain. Bitcoin (BTC) ASIC manufacturer MicroBT has revealed its new mining hardware, boasting a hash rate of 100 terahashes per second (TH/s).…
