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Bitcoin ASIC maker Bitmain expands production line into US

It comes as US Bitcoin miners have had to deal with delayed deliveries of Bitmain ASICs that have been stuck at US ports of entry for weeks.

Bitcoin mining hardware firm Bitmain says it has expanded its production line to the United States to improve supply chain efficiency, while trade tensions continue to escalate between China and the US.

“This strategic move aims to provide faster response times and more efficient services to the North American customers,” China-based Bitmain said in a Dec. 9 X post.

Bitmain is a crypto mining equipment manufacturer known for designing application-specific integrated circuit (ASIC) chips, with reports estimating it holds as much as a 90% marketshare of Bitcoin miners. 

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BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

Bitcoin hashrate hits all-time high, boosting network security

The increasing Bitcoin hashrate and block reward reduction from the Bitcoin halving may lead to miner consolidation among smaller firms.

The Bitcoin hashrate has reached a new all-time high, showcasing the growing security of the world’s first blockchain network.

The Bitcoin network hashrate — the total computing power securing the Bitcoin network — reached an all-time high of 769.8 exahashes per second (EH/s) on Oct. 21.

The hashrate has been in a steady uptrend since 2021, BitInfoCharts data shows. The hashrate’s escalation is widely correlated with developments in mining hardware like application-specific integrated circuits (ASICs).

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BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

Hashpower Evolution: Bitmain’s New ASIC Packs 477,677% More Power than the 2013 S1

Hashpower Evolution: Bitmain’s New ASIC Packs 477,677% More Power than the 2013 S1This week, Bitmain introduced its latest bitcoin mining machine, which packs an impressive punch with a reported output of 860 terahash per second (TH/s). To put that in perspective, this new rig churns out 81.81% more hashpower than its predecessor, the Antminer S21 XP Hydro. And if we go way back, it’s a mind-blowing 477,677% […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

Bitcoin Miners Ramp Up Hashrate as Halving Nears, Network Hits 653 EH/s Record

Bitcoin Miners Ramp Up Hashrate as Halving Nears, Network Hits 653 EH/s RecordJust before the upcoming block reward halving, with only 72 blocks left until reaching block height 840,000, bitcoin miners have significantly boosted their hashrate. As of 8:50 a.m. EDT on April 19, 2024, the hashrate soared to a record 653 exahash per second (EH/s). Bitcoin Hashrate Achieves New High as Halving Approaches Just hours ahead […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

Bitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws Closer

Bitcoin Difficulty and Hashrate Reach Record Highs as Halving Draws CloserBitcoin’s network difficulty climbed to an unprecedented peak on April 10, 2024, at block height 838,656, increasing by 3.92% to reach 86.39 trillion. This escalation in difficulty will make it increasingly challenging to mine blocks as the fourth halving event nears, with fewer than 1,250 blocks remaining until block 840,000 is mined. Block 838,656 Marks […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

Bitcoin’s Hashrate Reaches 618 EH/s, Establishing a New 7-Day SMA Record in 2024

Bitcoin’s Hashrate Reaches 618 EH/s, Establishing a New 7-Day SMA Record in 2024Bitcoin’s computing power has reached a new peak, ascending to 618 exahash per second (EH/s) as shown by the seven-day simple moving average. Currently, 56 entities are contributing at least 916.26 megahash per second (MH/s) to the network, with the mining pool Foundry USA at the forefront, delivering 204.41 EH/s. Bitcoin Edges Closer to Zettahash […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

Data Shows Bitcoin’s Hashrate Has Grown by More Than 4 Quadrillion Percent Since 2009

Data Shows Bitcoin’s Hashrate Has Grown by More Than 4 Quadrillion Percent Since 2009Following the network difficulty change six days ago on September 27, Bitcoin’s hashrate surpassed the 295 exahash per second (EH/s) range two times during the first two days of October. Presently the network is coasting along at 229 EH/s and block intervals have been faster than the ten-minute average, which means another upward difficulty adjustment […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig Prices

World’s Largest ASIC Producer Bitmain Slashes Antminer Bitcoin Mining Rig PricesThe world’s largest producer of application-specific integrated circuit (ASIC) bitcoin miners, Bitmain Technologies, has revealed the company is offering a discount on Antminer S19 Pro mining rigs. The 100 terahash per second (TH/s) machine is selling for $19 per terahash or $1,900 per unit. The Antminer mining rigs are 80% cheaper than they were five […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

Bitcoin’s Hashrate Surges Reaching a Lifetime High, Difficulty Expected to Jump Next Week

Bitcoin’s Hashrate Surges Reaching a Lifetime High, Difficulty Expected to Jump Next WeekBitcoin’s hashrate tapped a lifetime high this weekend reaching 271.19 exahash per second (EH/s) on Saturday, April 23 at block height 733,197. Currently, the computational power is coasting along at 233.81 EH/s with a network difficulty change expected three days from now on April 27. Bitcoin’s Hashrate Records an All-Time High, Hashpower Increased 55% Higher […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow

Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds $168M in Crypto Assets

Northern Data’s Bitcoin Mining Fleet Adds 21,000 ASIC Rigs, Firm Holds 8M in Crypto AssetsOn April 4, the bitcoin mining operation Northern Data published its financial statements and noted that the company’s mining fleet had grown by approximately 21,000 machines by the end of March 2022. The newly added machines increased the company’s hashrate from 2 exahash per second in February to 3.95 EH/s by the end of March. […]

BTC price stampedes to $99.5K hours after record Bitcoin ETF outflow