Tag: mining

  • Crypto

    IPO of Crypto Mining Giant Bitmain Could Pose More Risks Than Benefits

    Bitmain, the world’s largest crypto mining equipment manufacturer, has filed for an initial public offering (IPO) with the Hong Kong Stock Exchange (HKSE) after recording staggering year-on-year growth. In 2017, the Chinese firm brought $2.5 billion in revenues and in the first half of this year, the revenue...

    Davit Babayan | September 28, 2018 | 10:10 am
  • Cryptocurrency

    Market Downtrend? These Cryptocurrency Companies Attempting IPOs Aren’t Fazed

    As cryptocurrency market sentiment sits near its year-to-date low, multiple major companies are attempting public offerings in hopes of raising billions of dollars and securing market share in the highly competitive cryptocurrency mining industry. Bitmain, Canaan, and Ebang, the three biggest players in the crypto mining industry, are...

    Cole Petersen | September 27, 2018 | 9:00 pm

    Bitmain’s AntPool Activates Controversial AsicBoost for Faster Bitcoin Mining

    Bitmain’s mining pool, AntPool, has supposedly activated one of their controversial methods of mining Bitcoin more efficiently, called AsicBoost. The controversial Bitcoin mining “hack” supposedly increases mining efficiency by up to 20% and is controversial because many developers claim that its use damages the Bitcoin network. Weakness in...

    Cole Petersen | September 6, 2018 | 10:30 am
  • Mining

    Bitmain, Canaan, and Ebang International Prepare for IPOs

    Three of the largest cryptocurrency mining hardware manufacturers are preparing to launch initial public offerings (IPOs) in Hong Kong. However, the crypto price slump and regulatory issues could negatively impact on the success of said offerings. Is the Demand Still There to Necessitate IPOs? Bitmain, Canaan Inc., and...

    Rick D. | August 27, 2018 | 7:30 pm
  • Bitcoin ETF

    Cloud-Based Genesis Mining to Drop Lower Tier Bitcoin Contracts

    As cryptocurrency mining profitability continues to suffer due to price decline, many cloud-mining services have been forced to cease operations. Today Genesis Mining announced they would be ending one of their bitcoin mining services. Genesis Mining Drops Lowest Tier Bitcoin Contracts Leading cloud-based cryptocurrency mining service Genesis Mining...

    Tony Spilotro | August 16, 2018 | 11:00 pm

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