Bitmain Redux: Bitdeer and BitFuFu Are About to Test US Stock Market's Mining Appetite

2022-3-22 18:56

China's two biggest cloud mining platforms plan to go public on the Nasdaq via SPAC deals this year, at a time when cryptocurrency and broader markets have pulled back from their peaks.

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Global Mining Leaders Summit 2019

A lot has taken place in the world of crypto mining this year. Bitcoin hash rate and difficulty levels have hit record highs. New companies such as Blockstream have ventured into space while existing companies have expanded their infrastructure with new facilities dedicated towards mining being developed but the biggest mining event of the year […] The post Global Mining Leaders Summit 2019 appeared first on AMBCrypto.

2019-9-9 18:30


Bitmain posts $625 million loss, hopes for a turnaround through sale of its 7nm miners

Bitmain, the world’s largest Bitcoin mining hardware producers, witnessed a significant turn of events from their 2017 hay days. In the following year which was dominated by the bear markets, like many other crypto-centered service providers even Bitmain saw a plunge in demand for its products, which subsequently took a heavy toll on its cash […] The post Bitmain posts $625 million loss, hopes for a turnaround through sale of its 7nm miners appeared first on AMBCrypto.

2019-8-3 14:30


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Iranian Energy Grid Blames 7% Consumption Increase on Bitcoin Miners

Mostafa Rajabi Mashhad, the spokesperson for Tavanir, an Iranian state-operated grid entity, has explained that electrical consumption has spiked by 7% in comparison to the previous year. Rajabi blames illegal cryptocurrency mining operations for the country’s increased electrical consumption and has warned that illicit mining facilities will be cut off from the grid.

2019-6-26 00:30


Russian Legislators to Consider Crypto Mining Regulations and Fines Before the End of June

Lack of Regulatory Clarity Regarding Use of Cryptos Vladimir’s latest order looks a lot like the order he made regarding cryptocurrency regulation last year. According to the latest orders, the Russian Duma is being urged to introduce administrative penalties for crypto miners who mine virtual currencies through open blockchains, the Chairman of the State Duma […]

2019-6-12 03:27


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Chinese Listed Companies and Bitcoin Mining: Partner or Predator?

This article was originally published by 8btc and written by Lylian Teng. Some Chinese listed companies have jumped on the bandwagon of bitcoin mining following the bitcoin bull run throughout 2017, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations considering the country’s tough stance on bitcoin.

2019-5-29 18:53


Is Bitcoin Cash Under a 51 Percent Attack as One BCH Mining Pool Nears Over Half Control?

Bitcoin Cash is on the verge of being compromised and might just find itself at the helm of every cryptocurrency’s most dreaded nightmare—the 51 per cent attack. Promising Year? Check Again Roger Ver recently claimed that Bitcoin Cash is superior to Bitcoin (BTC) in scalability and transactions, and probably overall, it is possible he just […]

2019-5-20 22:41


Coinhive shutdown is failing to stop cryptojacking attacks; 1 million attempts blocked daily, claims report

The world of cryptocurrencies has been subject to both positive and negative developments since its inception. Coinhive, the infamous cryptocurrency mining script, is one of the latter. And while Coinhive was shut down earlier this year, that has not stopped other malicious activities from inflicting pain on the cryptocurrency ecosystem.

2019-5-3 12:30