Tag: mining

  • Japan
    Crypto

    Report: The Biggest Crypto Bears Are Selfish Chinese Miners

    Many have been wondering which group represents the majority of crypto bears recently as prices keep plummeting. Those that got into crypto within the last year have likely fled the scene with tails between their legs and burnt fingers. That leaves long term hodlers, institutional investors, and Chinese...

    Martin Young | December 7, 2018 | 12:00 pm
  • Bitcoin
    Bitcoin

    Bitcoin Holds Steady Around $4,000, Cost of Mining Continues to Drop

    Following yesterday’s market turbulence that sent the cryptocurrency markets down towards their 2018 lows, Bitcoin appears to have established the $4,000 region as a level of support. Some analysts expect that the cost of mining may be playing a role in the current market conditions. At the time...

    Cole Petersen | December 4, 2018 | 7:00 pm
  • Crypto
    Bitcoin

    Argo Blockchain Sees 146% Increase in Crypto Mining Package Sales

    A shattered crypto market has not deterred miners from purchasing crypto mining software packages, revealed Argo Blockchain. The U.K.-based Mining-as-a-Service (MaaS) firm noted a 146% jump in its sales between October 1 and December 4 after selling a new batch of packages. It led the company to beat...

    Davit Babayan | December 4, 2018 | 5:30 pm
  • Bitcoin
    Bitcoin

    US Mining CEO: Bitcoin Miners Are Being Flushed Out of the Market

    The CEO of one of the largest cryptocurrency mining firms in North America says miners are being flushed out of the market after Bitcoin’s latest price drop. Bitcoin Mining No Longer Profitable, Miners Exiting En Masse While November has typically been among the most profitable months for Bitcoin...

    Tony Spilotro | December 3, 2018 | 9:15 pm
  • bitcoin mining
    Industry

    Profits Plunge With Prices as Bitcoin Mining Rigs Go Dark

    Back in the days of the Wild West, gold prices would dictate the profitability of prospecting and mining. Around 150 years later not much has changed with regards to the economics of mining, however the commodity is a little different now. Flagship Mining Rigs No Longer Profitable Bitcoin...

    Martin Young | November 22, 2018 | 1:00 pm
  • gpu
    Crypto

    Mining Pools Rule, Individual Crypto Mining Deemed No Longer Viable

    Although institutional players have continued to throw money at crypto assets and up-and-coming blockchain-focused projects, reports indicate that the mining subset of this industry has faltered, and greatly at that. GPU-Powered Ethereum Mining Now Unprofitable In mid-August, NewsBTC reported that some forward-thinking students, like Penn State grad Patrick Cines,...

    Nick Chong | November 14, 2018 | 1:00 pm
  • Coincheck E-Net Bitcoin Electricity Bill
    Industry

    Chinese Bitcoin Mining Centers Fear Electricity Cuts as Compliance Issues Loom

    Having banned the exchanges where cryptocurrencies like Bitcoin are traded, the Chinese government is now cracking down on the plants where such currencies are mined. The Yingjiang Administration Bureau for Industry and Commerce, which enforces enterprises and consumer protection laws, issued a notification to the Bitcoin mining facilities...

    Davit Babayan | November 13, 2018 | 10:00 am
  • North Korea Hack Blockchain
    Crypto

    South Korea Points to North Korea as Cryptojacking Culprit

    South Korean intelligence officials are pointing toward North Korea as being the responsible party behind a string of cryptojacking cases across the country. North Korea Continues to Mine for Crypto on South Korean Computers According to a new intelligence gathering report, prompted by an upcoming visit to North...

    Tony Spilotro | November 1, 2018 | 1:00 am
  • ASICS
    Bitcoin

    Bitmain Enables Overt AsicBoost Activation in Latest Firmware Update

    Chinese cryptocurrency mining giant, Bitmain, has officially released a firmware update that allows Bitcoin miners to activate the Overt AsicBoost upgrade that significantly increases their operational efficiency and decreases their cost-basis. The upgrade comes after the development group behind Slush Pool verified that Bitmain’s popular Antminer S9 hardware...

    Cole Petersen | October 23, 2018 | 6:00 am
  • Bitcoin

    Is Demand For Bitcoin Mining in Decline? Chip Maker Slashes Target

    Taiwan Semiconductor Manufacturing Co. (TSMC), the world’s largest dedicated independent chipmaker, has predicted a drop in demand from the cryptocurrency mining community in the fourth quarter this year. The growth target of 7 to 9 percent was slashed to 6.5 percent partly due to the demand dynamics of...

    Ricardo Esteves | October 20, 2018 | 8:00 pm

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