カテゴリー: Mining

Verge Struck by Second PoW Attack in as Many Months

Verge Struck By Second PoW Attack in as Many MonthsAccident-prone altcoin verge has been crippled by yet another mining attack. A little over a month after being subjected to a 51% attack, the network is once again at the mercy of a malevolent attacker who is rejecting blocks and profiting handsomely off the carnage caused. The repeat attack illustrates the risks faced by low […]

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Bitcoin Mining Manufacturer Canaan Files for Hong Kong Stock Exchange IPO

Bitcoin Mining Manufacturer Canaan Files for Hong Kong Stock Exchange IPOCanaan Creative Co. Ltd, the Chinese company behind the Avalon lineup of hardware equipment which produces ASIC mining chips and rigs, has officially submitted a listing application to Asia’s third-largest equities market – the Hong Kong stock exchange. Also Read: HTC to Launch Its Own Cryptocurrency-Focused Smartphone, Exodus $1 Billion IPO Canaan posted a preliminary prospectus […]

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Japan’s GMO Gets Ready to Start Selling 7nm Bitcoin Mining Chips

Japan's GMO Gets Ready to Start Selling 7nm Bitcoin Mining ChipsJapanese internet giant GMO has updated its plans to manufacture and sell its 7nm bitcoin mining chips as well as for its own mining operations. Interested customers will soon be able to reserve some of these chips. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space GMO Readies 7nm Mining Chips Japanese conglomerate GMO Internet […]

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Bitmain Hits Back at “Dirty Tricks” Accusations

Bitmain Hits Back at “Dirty Tricks” AccusationsChinese mining behemoth Bitmain has strongly refuted allegations that it pressurized an ASIC manufacturer into shutting out a foreign competitor. In a widely shared blog post, Siacoin’s lead developer David Vorick lifted the lid on the cutthroat ASIC mining business. In a response, Bitmain praised Vorick’s input to the industry – but took exception to […]

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Chinese Miners Are Finding Relocation Difficult in Southeast Asia

Chinese Miners Are Finding Relocation Difficult in Southeast AsiaAccording to a recent report, cryptocurrency miners from China have been flocking to regions in Southeast Asia like Vietnam, Myanmar, and Cambodia. However, a relocated Chinese miner based in Cambodia says miners trying to find safe havens in other Southeast Asian countries are having difficulties, and losing money every month due to residents complaining and unreliable […]

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Siacoin Developer: ASICS Are “Money Printing Machines” for Manufacturers

Siacoin Developer: ASICS Are “Money Printing Machines” for ManufacturersASIC miners are hugely profitable machines – provided you’re the manufacturer. That’s the view of Siacoin lead developer David Vorick, who’s published his thoughts on the monopoly enjoyed by manufacturers such as Bitmain and Halong Mining. In “The State of Cryptocurrency Mining”, Vorick also accuses manufacturers of using the machines themselves, before passing them on […]

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Nvidia Reports $289 Million Revenue from the Crypto Sector in Q1

Nvidia Reports $289 Million Revenue from the Crypto Sector in Q1Graphics card manufacturer Nvidia has announced its revenues for the first quarter, mentioning separately the amount generated from sales to the crypto market. The total includes $289 million related to GPUs for cryptocurrency mining, according to a corporate report. Demand from crypto miners was stronger than expected, the company noted.   Also read: New Player […]

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Bitcoin Moons to $36,000 by End of 2019 According to Fundstrat

Bitcoin Moons to $36,000 by End of 2019, According to FundstratFundstrat Global, a favorite research firm in the cryptosphere with Wall Street-street cred, is once again providing eye-popping bitcoin (BTC) predictions. This time analysis depends largely on what’s known as the mining economy. Hash power and hardware advancement all combine to show a possible $36,000 BTC price by the end of next year, they claim. […]

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Bitcoin in Brief Friday: China Mulls Blockchain Standard, Zcash Fights Chinese ASICs

Bitcoin in Brief Friday: China Mulls Blockchain Standard, Zcash Fights Chinese ASIC-MinerIn today’s Bitcoin in Brief we are covering a number of stories related to China. According to statements by Chinese officials, the People’s Republic is developing a national standard for blockchain technologies, which should be introduced next year. Also, the Zcash Foundation is taking steps to protect the network of the privacy coin from ASIC-based […]

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Japan’s GMO Has Mined Over 900 Bitcoins – Hashrate Doubled Last Month

Japan's GMO Has Mined Over 900 Bitcoins - Hashrate Doubled Last MonthThe mining operation of Japan’s internet giant GMO has resulted in over 900 bitcoins and 537 bitcoin cash so far, as the company roughly doubled its hashrate last month. Meanwhile, its crypto exchange reported a first-quarter loss after the country’s financial regulator ordered it to improve. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Over […]

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