Mining

Apparently, not all mining companies are in good shape. Canaan Creative – the largest mining facility in China after Bitmain – has announced that sales seriously dropped during quarter one of 2020, and that the company has lost nearly $6 million despite significantly lowering prices on all its mining equipment.Canaan Creative Takes a Nasty HitIn all, Canaan has lowered the prices of all its mining machines by half in the past few months, but this hasn’t been enough to keep revenue streams...

New information suggests that local government authorities in the Chinese province Sichuan are seeking to ban cryptocurrency mining operations in the region.Contrary, sources familiar with the matter claim that these notices are misunderstood, and crypto mining will not suffer major negative consequences.A Region In China Clamps Down On Crypto Mining?The story began with the local media outlet PANews posting on Twitter the notice, which reads:“The Financial Administrative of the Sichuan...

After having fallen to around $8,900, Bitcoin price now is around $9,160. Since Monday teh asset has lost over $300 of its value.Already 10 days have passed since the last Bitcoin halving occurred but the price now is still hovering around $9K. The only thing that has since skyrocketed and not come down is the BTC average transaction fee, which at the time of reporting was averaging above $6. However, its hash rate has dropped to its yearly low of around 86.985E.This is an indication that a...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 887. Heute sprechen wir über folgende Themen: Craig Wright Statement Satoshi Coins, Private Keys Satoshi File & Iranischer Präsident will nationale Bitcoin Mining Strategie.  Die heutige Show wird gesponsert von: https://bitwin24.com/coin-fakten/ 1.) Craig Wright Statement about Moving Satoshi Coinshttps://coingeek.com/craig-wright-statement-about-moving-satoshi-coins/ 2.) Craig Wright Already Has Key to...

The bitcoin halving has come and gone, and many were worried about the state of bitcoin’s mining operations and how they would handle the coming future. Would mining remain a profitable industry, or would it sink into oblivion never to be heard from again?The Halving: Did It Hurt the Industry?While there are certainly changes the arena must deal with, bitcoin miners and mining machines are still witnessing some profits creeping into the space, suggesting that the recent halving hasn’t...

Hey Krypto Fans, willkommen zur Bitcoin-Informant Show Nr. 884. Heute sprechen wir über folgende Themen: XRP als Brückenwährung besser als Bitcoin, Bitcoin Rüstungswettlauf beginnt, da neuer chinesischer Mining-Pool für Furore sorgt & McAfee Ghost Coin kopiert? 1.) Ripple soll neuer weltweiter Zahlungsstandard werden – XRP als Brückenwährung besser als...

Several supercomputers in European nations have been shut down following reports that they’ve been infected with cryptocurrency mining malware. Thus far, devices in countries such as the United Kingdom, Switzerland and Germany have all been affected and taken offline at the time of writing.Mining Malware Shuts Down SupercomputersThere is now an ongoing investigation into where the malware came from and which parties are potentially responsible for uploading it onto the computers. The malware...

Während die Regierenden der Welt gerade die Wirtschaft in den Sand fahren, gibt es doch noch einige gute Nachrichten und innovative Firmen, die Stellen schaffen und ohne Kredit vom Staat Investitionen tätigen wollen: TSM, ein Hersteller von Bitcoin-Mining-Chips,will eine Fabrik in Arizona bauen. Was dort hergestellt wird, ist allerdings noch nicht bekannt. Neuer Standort in den USA gesucht Der...

Bitcoin’s halving finally took place at block 630,000 on May 11th, 2020. Like many cryptocurrency enthusiasts and market participants pointed out, the block countdown felt much as if it’s New Year’s Eve. However, it’s already behind our backs, and the price has managed to add another $1,000 to it since then.In the four short days since the halving, Bitcoin increased from $8,550 to where it currently trades at around $9,380. This marks an increase of about 11%. As a matter of fact, BTC tested...

Bitcoin’s hash rate has decreased by 32% in the past few days as the revenue generated by miners is also substantially less following the halving. This is one of the biggest corrections in history, and it might pose certain security challenges for the network.Bitcoin Hash Rate Drops 32%Bitcoin’s hash rate decreased dramatically in the past five days. Since May 10th, it has dropped by more than 32%, going down from about 136.098 million TH/s to 91.265 TH/s.Bitcoin Hashrate. Source:...