Marathon expects 30% increase in hashrate amid 30,000 S19j Pro order
TL;DR Breakdown: Marathon has order additional 30,000 miners from Bitmain. These machines will raise the company’s mining hashrate to 13.3 EH/s once they are fully deployed. Bitcoin hashrate is gradually increasing, sits at 108.89 TH/s. Leading North American crypto mining company Marathon Digital is expecting up to a 30 percent increase in its total operational […]
SBU uncovers Ukraine’s largest illegal crypto mining farm, commences investigation
TL;DR Breakdown SBU exposes the largest illegal crypto mining farm in Ukraine to date. The perpetrators have been charged according to the Criminal Code of Ukraine. The war against illegal miners continues to gain momentum. Illegal crypto mining farm in Ukraine – SBU findings The Ukrainian state security service (SBU) announced that it had unearthed […]
Bitcoin miners and oil drillers united for natural gas
TL;DR Breakdown • Bitcoin miners can reuse natural gas usually burned.• Environmental defenders do not support BTC mining with natural gas. Many operations are going on America’s oil fields, which go all over the Rocky Mountains and plains. The trailers are attached to the trucks back up to the platforms where the wells take natural […]
Bitcoin mining: Marathon to become US biggest miner with 2.56 Eh/s
Marathon has placed another order to increase its Bitcoin mining machines with additional 10,000 Antiminers. The company estimates that its hash rate will reach 2.56 Eh/s. The Bitcoin mining industry is gradually heating up, and there will be lots of competition in the coming years as mining companies continue to purchase next-generation miners. Recently, Marathon […]
Riot Blockchain plans to deploy 22,640 miners next year
Riot Blockchain buys 2,500 Bitmain miners for deployment in December. The company target a total hashrate of 2 EH by next year The Bitcoin-focused cryptocurrency mining company, Riot Blockchain, has disclosed its plans to install a total of 22,640 Bitcoin mining machines towards the end of H1 2020. Committing to this, Riot recently placed an […]
Iran: Power plants approved to run Bitcoin mining operations
The Iranian government has approved Bitcoin mining operations to be conducted in power plants across the country. Industry scale power plants now have the capacity to serve as also crypto mining farms so long as they do not use cheap subsidized electricity tariffs in their activities. Reports on Monday July 27 suggest Mostafa Rajabi Mashhadi, […]
Internal Bitmain feud behind the alleged theft of 10,000 Antminers
The Bitmain feud doesn’t seem to be extinguishing soon. The disappearance of 10,000 Antminers from a Mongolia-based subsidiary of Bitmain sent shockwaves through the crypto community. The disappearance of T15 and S17 Antminer models from Maker Cloud Computing Co. Ltd., the Mongolia-based mining facility, and a subsidiary of Bitmain was reported amid the ongoing power struggle […]
Bitmain power struggle splits manufacturing operations into two
The ongoing Bitmain power struggle between the firm’s co-founders has now divided the company into two separate operations and supply chains for the production of its Antminer hardware. Bitmain, the world’s largest Bitcoin miner manufacturer has suffered from an internal power struggle last year. The conflict resulted in one co-founder being ousted from the company. […]
Ousted Bitmain co-founder storms Beijing office to regain control
The saga between the two founders of Bitmain, which eventually resulted in the dismissal of the other, Micree Zhan, is being revived again. Zhan, who was ousted sometime last year, has aggressively returned to take back the Beijing-based office of the bitcoin ASIC chipmaker. Zhan, ousted Bitmain co-founder tries to return forcefully Following a video […]
Riot Blockchain miners reach 7,040 amid new Antminers purchase
The Nasdaq-listed digital currency mining company, Riot Blockchain, is significantly increasing it’s army of miners. Despite several acquisitions of Antminers devices already, the company has purchased additional sets of Bitcoin mining machines, just as rewards halved. Riot Blockchain miners increase with new 1,000 Antminers According to the company press release, Riot Blockchain miners have been […]
Hope for miners? Antminer T19 released with advanced specs
Bitmain Technologies announced on Monday; it has launched another efficient crypto mining equipment, dubbed Antminer T19. Notably, the new device comes at a time where Bitcoin mining reward has been reduced by half, perhaps, could help small-scale operators mine profitably. Bitmain Antminer T19 released on June 1 Per the announcement, the Beijing-based Bitcoin ASIC chips […]
Should Canaan investors sell their shares?
Canaan CEO Nangeng Zhang is urging Canaan investors NOT to sell their shares, but is that really the right decision? Canaan, an early-stage venture capital firm, has been facing numerous problems since conducting its initial public offering (IPO). The company reported a net loss of over five million dollars in the first quarter of 2020, as […]
Bitmain compensation coupons to soothe irate Antminer buyers
Bitmain compensation coupons for Antminer S17+ and T17+ models have been announced by the company for the bereaved customers. The renowned crypto ASIC (Application Specific Integrated Circuit) manufacturer was under overwhelming criticism for slashing prices immediately after the said models were launched. A lot of customers with overpriced crypto mining equipment were affected by the […]
Bitmain Antminer S19 launch post BTC halving infuriates miners
Bitmain Antminer S19 launch has once again put the spotlight on ASIC mining and its rising influence within the crypto mining realm. Bitmain is the largest crypto mining hardware manufacturer in the world, and fans eagerly await new launches to spice up their mining operations. #Antminer is proud to announce the official sales launch of […]
