‘We’re getting paid to produce Bitcoins’ reveals Texas BTC miner
Texas crypto miner operator Layer1 Technologies has been able to sell back its power supply for 8X the price. According to a Sept. 1 Bloomberg report, Layer1 reported nearly 700% …
Bitcoin Mining
Mysterious Bitcoin mining pattern potentially solved after seven years
We reported last week about the latest findings of Sergio Dermain Lerner, who is known for his discovery of the so-called “Patoshi pattern”. His latest research suggested that Satoshi Nakamoto …
Researcher Re-mines Satoshi’s Bitcoin Blocks To Discover His Secrets
Sergio Dermain Lerner, a researcher known for looking at the mining patterns of the original Bitcoin (BTC) miner, has turned his attention on the Bitcoin blocks mined by Satoshi Nakamoto. …
After 10% Difficulty Drop, Bitcoin Miners Are Back in the Game
Just weeks ago, there were fears that miners had begun to capitulate. Bitcoin blocks were slower than normal, transaction fees skyrocketed, and data analysts observed large outflows from miner wallets. …
Bitmain Confirms Ousting of Micree Zhan, Threatens Legal Action
Mining equipment producer Bitmain has issued two concurrent statements regarding its disgraced co-founder Micree Zhan, confirming his ousting in October. The statements were posted on Bitmain’s Weibo page on May …
U.S. Crypto Miners See Blow Ahead of Halving For This Reason
There were times when crypto mining was profitable even to the smallest hobbyist miner. But with the languishing prices and high costs of equipment and energy, those days are very …
Bitcoin Mining Hardware Maker Reports $148M Net Loss in 2019
Nasdaq-listed Bitcoin mining equipment manufacturer, Canaan, reported a net loss of $148 million for 2019, according to the latest financial results filed with the Securities and Exchange Commission (SEC). The …
Canaan Crypto Mining Firm Lawsuit to Get Underway Next Month
As litigation begins for crypto mining equipment manufacturer Canaan over its IPO, shareholders must decide on the lead plaintiff by May. The Crypto Class Action Lawsuit Against Canaan IPO In …
US Court Throws Out Nvidia Corp Crypto Lawsuit
A group of investors charged US-based GPU maker Nvidia with making false statements about its inventory of graphic processing units (GPUs). However, US District Judge Haywood S. Gilliam Jr. threw …
Bitcoin Still on Track For Massive Gains After Halving
Bitcoin has spent the weekend consolidating in the mid-$8k zone following a week of sharp declines through several levels of support. The stock to flow model is still holding course …
Bitcoin Mining Stock Surges as Chinese Economy Falters
The economic fallout from the Coronavirus is starting to be felt across the world. China’s economy has been the hardest hit but contrary to wider market movements, bitcoin mining stock …
Nasdaq Issues Warning to Bitcoin Mining Company
According to recent reports, Nasdaq recently notified Golden Bull Limited, warning the company that it is no longer compliant with listing rules due to the lack of Form 6-K. Golden …
IMF Calls on Georgia to Evaluate Crypto Income for Trade Balance
The International Monetary Fund (IMF) recommends that Georgia include the income from crypto trade and mining in its foreign trade balance reports. IMF Welcomes More Transparency on Crypto Mining The …
Is Chinese Bitcoin Mining Firm Canaan’s $400M IPO a Desperate Move?
Chinese bitcoin mining hardware maker, Canaan, plans to raise $400 million through public sale of its stocks. But will the IPO ride be smooth or bumpy? Volatility is usual for …
Why Bitcoin Mining is Still a Very Lucrative Venture
Bitcoin prices are still extremely volatile and, as we saw at the weekend, experience wild swings in both directions. This trend is likely to continue until distribution evens out and …
How To Mine Bitcoin More Efficiently…Use An Actual Mine in Norway
Bitcoin mining is unquestionably a costly business, but Northern Bitcoin claims to have cut expenses by using a former metal mine in Norway. Innovation Station Bitcoin mining is unquestionably a …
Bitcoin Mining Consumes Over 3X the Energy of Gold Mining: Research
Twitter Facebook LinkedIn A new paper indicates that the energy required to mine cryptocurrencies is more than what is consumed when excavating for metals of equivalent dollar value. In the …
Bitcoin Mining Market Still Strong as Shown by Bitfury’s $1 Billion Valuation
Twitter Facebook LinkedIn This week, Bitcoin mining equipment manufacturer and blockchain software firm Bitfury secured a valuation of $1 billion from billionaire investor Mike Novogratz and Korelya Capital’s $80 million …
Crypto Mining Attacks Up Nearly 1000% in First Half of 2018
Detected instances of cryptojacking – the unauthorized commandeering of computer resources to mine cryptocurrencies – went up nearly 1000% in the first six months of 2018. This is one of …
NY Crypto Miner Turns Old Hydroelectric Dam into Bitcoin Mining Farm
DPW Holdings Inc. will use power generated by the Valatie Falls, New York hydroelectric dam for a bitcoin mining farm that is expected to become operational in the fourth quarter. …
Norwegian Bitcoin Mining Firm Hit with Bomb Threat Risks Govt. Shutdown
Barely a week after receiving bomb threats, Kryptovault now has to contend with another threat — forced closure by local authorities. According to the Norwegian edition of The Local, one …
