Bitmain’s Mining Empire Takes a knock as They Cut Back on Capacity by 88 Percent
May 8, 2019
Bitmain, traditionally one of the biggest cryptocurrency mining operations, has revealed that are generating 88 percent less computing power than a month ago, suggesting that the industry giant has cut back on capacity. It is no…
Bitmain Focused on 2020's Halving as the Moment When the BTC Rally Will Begin
March 30, 2019
The Crypto
winter seems to near its end, and many people are optimistic and bullish about
the price of Bitcoin. But this excitement is not just a matter of traders and
enthusiasts, the mining community is also optimistic, and not only…
Here’s What DASH and RepuCoin Are Doing to Prevent 51 Percent Attacks
March 27, 2019
Bitcoin.org defines a 51 percent attack as “the ability of someone controlling a majority of network hash rate to revise transaction history and prevent new transactions from confirming.” It’s simple straight to the point and…
Report: Bitmain to Launch 200,000 Crypto Mining Rigs in China
March 22, 2019
According to a report published by CoinDesk on Mazar. 21, cryptocurrency mining conglomerate Bitmain is looking to launch up to 200,000 new mining rigs in China, at a conservatively estimated cost of $80 million. The move will…
This Crypto Ransomware is Targeting Bitcoin (BTC) Mining Rigs in China
January 27, 2019
Bitcoin (BTC) miners in China are in a bind after a ransomware by the name of ‘hAnt’ has been targeting specific mining rigs such as the Bitmain’s Antminer S9, T9 and L3. The ransomware has also found its way into…
Bitcoin Price Analysis: Bitmain Downsizing, BTC Dec Gains May Prop Bulls
January 14, 2019
Latest Bitcoin News
When Bitcoin was changing hands at around $8,000 apiece, Bitmain announced what it said would be the biggest data center in the US. After launch, the $500 million mining facility would employ 400 people from…
Mongolia Continues to Attract Bitcoin (BTC) and Crypto Miners
January 13, 2019
Bitcoin (BTC) and crypto mining needs the perfect balance of energy costs and revenue to be a viable investment venture. In the case of energy, cheap rates are preferred. There is also the aspect of cooling the mining machines that is…
Jihan Wu Steps Down as Bitmain CEO, Chinese Media Reports
January 11, 2019
Jihan Wu, the successful businessman who turned Bitmain into an empire in the world of crypto-mining, is about to reach the end of his career as CEO of that company. According to an article published by the South China Morning Post…
