Chinese Mining Exodus Leads to ASIC and GPU Second-Market Surplus and Lower Prices

June 24, 2021 Bitcoin.com

100 TH/s

While bitcoin miners in China have been scrambling, second-hand markets offering cryptocurrency mining rigs from ASICs to GPUs have been exploding with an excess surplus. Additionally, the ASIC manufacturer Bitmain suspended machine sales on Wednesday, ceasing international spot deliveries. Official Crypto Mining Rig Dealers Are Either Sold-out or Suspending Deliveries, Second-Markets Explode With Mining Products […]

Trump speech at Bitcoin 2024 triggers M in long liquidations amid market volatility

Trump speech at Bitcoin 2024 triggers $24M in long liquidations amid market volatility

Bitmain Reveals New Scrypt Miner — Model Mines DOGE and LTC Four-Times Faster Than Today’s Top Machine

June 20, 2021 Bitcoin.com

A6+ Ltcmaster

Regional reports from an exposition in Chengdu indicate Bitmain has unveiled a new scrypt ASIC rig for dogecoin, litecoin, digibyte, and verge mining. The Chinese reporter who disclosed the information says the new Bitmain model has a hashrate of around 9,500 megahash per second (MH/s) and overseas prices are reduced by 13%. Bitmain Unveils New […]

Trump speech at Bitcoin 2024 triggers $24M in long liquidations amid market volatility

Genesis Digital Assets Purchases 10,000 Bitcoin Miners from Canaan

June 17, 2021 Bitcoin.com

Abdumalik Mirakhmedov

The Beijing-based ASIC mining rig manufacturer Canaan announced the sale of 10,000 bitcoin mining machines to the firm Genesis Digital Assets Limited. Canaan plans to deliver the 10,000 A1246 and A1166 Pro Avalonminers by the end of the month. Canaan to Deliver 10,000 Bitcoin Miners to Genesis Digital Assets The company Canaan (Nasdaq: CAN) has […]

Trump speech at Bitcoin 2024 triggers $24M in long liquidations amid market volatility

Abkhazia Shuts Down 8 Crypto Farms Amid Ongoing Crackdown on Mining

June 16, 2021 Bitcoin.com

$POWER

Authorities in Abkhazia, the partially recognized South Caucasus republic, have discovered and closed down eight crypto mining farms in just two weeks. Since the beginning of June, law enforcement agents have disconnected more than 300 mining devices from the grid and fined an operator. Over 300 Mining Rigs Cut Off From Electricity Supply in Abkhazia […]

Trump speech at Bitcoin 2024 triggers $24M in long liquidations amid market volatility

Iran Seizes 3,000 Crypto Mining Devices in a Week

June 10, 2021 Bitcoin.com

$POWER

Authorities in Iran have confiscated 3,000 units of mining hardware in just one week as part of a push to curb illegal crypto mining amid power shortages and blackouts. In a single year, Iranian law enforcement has shut down over 180 crypto farms in Tehran Province alone. Over 500 Crypto Mining Rigs Confiscated in Tehran […]

Trump speech at Bitcoin 2024 triggers $24M in long liquidations amid market volatility

Alternative Mining Algorithms Reap Higher Profits Than Bitcoin Mining in 2021

June 4, 2021 Bitcoin.com

Bitcoin mining

Cryptocurrencies have jumped quite a bit in value over the course of the year and miners who verify transactions and earn digital assets have seen significant profits. While bitcoin miners have been seeing daily profits rise, a great number of other mineable digital currencies are pulling in much larger yields. Blake256R14 and Ethash Machines Pull […]

Trump speech at Bitcoin 2024 triggers $24M in long liquidations amid market volatility

Home Crypto Mining Spikes in Brazil Amid Record High Unemployment

May 31, 2021 Bitcoin.com

bitcoin.com

With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn […]

Trump speech at Bitcoin 2024 triggers $24M in long liquidations amid market volatility

EZ Blockchain Partners With Texas-Based Oil Provider to Monetize Wasted Natural Gas With Bitcoin

May 30, 2021 Bitcoin.com

Bitcoin

While a number of media pundits and politicians have been talking about Bitcoin’s energy consumption, there’s been a myriad of firms working toward green solutions well before all the controversy. Unfortunately, critics don’t highlight the amount of renewables miners use or the cogeneration applications. One project called EZ Blockchain has partnered with the Texas-based oil […]

Trump speech at Bitcoin 2024 triggers $24M in long liquidations amid market volatility

Report: ASIC Giant Bitmain Pre-Orders 5nm Chips Produced by TSMC’s N5 Process

May 16, 2021 Bitcoin.com

5nm

Bitmain, one of the largest application-specific integrated circuit (ASIC) manufacturers in the world, is reportedly working with the Taiwan Semiconductor Manufacturing Company (TSMC) in order to leverage TSMC’s 5nm semiconductors. Industry sources say that the 5nm chips being created for Bitmain will start production in the third quarter. Chip Maker TSMC Reportedly Producing Semiconductors for […]

Trump speech at Bitcoin 2024 triggers $24M in long liquidations amid market volatility

Report: China’s Bitcoin Hashrate Dominance Dives, ‘North America Could Steal the Lead’

May 10, 2021 Bitcoin.com

181 exahash

A newly published regional report shows that China’s hashrate has likely dropped to 55% while the U.S. has climbed to 11%. Another study predicts that it’s possible North America could overtake China in terms of hashrate by the end of 2021. Bitcoin Mining Farm Operator Says Mining Industry in North America Is Booming For years […]

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