Bitcoin Network's Mining Difficulty Expected to See Largest Increase in Over 2 Months – Mining Bitcoin News

Bitcoin’s hashrate has been steadily climbing after dropping to 69 exahash per second (EH/s) on June 28, as it reached a high of 117 EH/s on Tuesday morning (EDT). The rise in hashpower will likely lead to the highest difficulty expansion in 89 days as estimates currently show a 7.39% increase is due in two… Continue reading Bitcoin Network's Mining Difficulty Expected to See Largest Increase in Over 2 Months – Mining Bitcoin News

After Years of ASIC Manufacturing Canaan Expands to Bitcoin Mining in Kazakhstan – Mining Bitcoin News

Canaan Inc., the crypto mining rig manufacturer based in Beijing, has announced the company plans to mine cryptocurrencies in Kazakhstan. The company says that the firm’s next-generation Avalonminer mining rigs are already deployed in the world’s largest landlocked country. Canaan Joins the Bitcoin Mining Fray The publicly-listed company Canaan (Nasdaq: CAN) has revealed the firm… Continue reading After Years of ASIC Manufacturing Canaan Expands to Bitcoin Mining in Kazakhstan – Mining Bitcoin News

Officials in Sichuan Instruct Bitcoin Miners to Shut Down Operations: Report – Bitcoin News

According to regional reports, bitcoin miners in Sichuan have been told by the Ya’an municipal government that they have until June 25 to shut down operations. Sichuan has been eyed closely in recent times as it’s estimated that a large demographic of miners are situated in the region. Sichuan Ya’an Energy Bureau Tells Bitcoin Miners… Continue reading Officials in Sichuan Instruct Bitcoin Miners to Shut Down Operations: Report – Bitcoin News

While BTC's Hashrate Remains High, It's More Difficult Than Ever Before to Mine Bitcoin – Mining Bitcoin News

At the end of January 2021, Bitcoin’s network mining difficulty, a measure of how complicated it is to mine a block reward, is higher than it’s ever been during the crypto protocol’s lifetime. Currently, Bitcoin’s mining difficulty is a whopping 20.8 trillion but despite the handicap, bitcoin miners have continued to keep the network’s hashrate… Continue reading While BTC's Hashrate Remains High, It's More Difficult Than Ever Before to Mine Bitcoin – Mining Bitcoin News

Bitcoin Cash Miners Plan $6M Development Fund by Leveraging Block Rewards

A group of Bitcoin Cash mining pool operations have decided to help fund BCH infrastructure development. On January 22, Btc.top founder Jiang Zhuoer revealed that five mining pools are preparing a short-term developers donation plan. Miners from Btc.top, Bitcoin.com, Viabtc, Antpool, and Btc.com plan to give “12.5% of [the] BCH coinbase rewards to a fund… Continue reading Bitcoin Cash Miners Plan $6M Development Fund by Leveraging Block Rewards

The ASIC Debate Heats Up As Mining Becomes More Centralized

In 2013 the first Application Specific Integrated Circuits (ASICs) entered the marketplace for Bitcoin mining. These chips, which are vastly more powerful than the GPUs used up to that point, quickly transformed Bitcoin mining from an obscure activity by crypto advocates into a major corporate enterprise. In addition to selling the ASIC miners, manufacturers quickly… Continue reading The ASIC Debate Heats Up As Mining Becomes More Centralized

Video: Will Bitcoin Crash or Double in Price After the Halving? Miners Have Their Say

Will the price of bitcoin double or crash during the upcoming halving next year? And how will the mining industry adapt to their revenue stream being cut in half over night? See what professional miners from around the world have to say on the matter. Also Read: US, EU and UK Companies Can Now Pay… Continue reading Video: Will Bitcoin Crash or Double in Price After the Halving? Miners Have Their Say

Haspower of Bitmain-Operated Pools is Now at 16-Month Low

Two of the Bitmain-operated pools have seen their hashpower drop to a 16-month low. The event follows a tumultuous period in the company’s situation and a continuous decline in the prices of cryptocurrencies. A Steady Course Down Peaking in the first half of last year, two of the mining pools operated by Bitmain, namely BTC.com… Continue reading Haspower of Bitmain-Operated Pools is Now at 16-Month Low

Hash Wars: ABC Chain Leaps More Than 50 Blocks Ahead

All eyes were on the Bitcoin Cash network today as the blockchain split into two after the last common block was found on the chain at height 556766. So far both chains have been chugging along, but at the time of writing, the ABC side is well over 50 blocks ahead of the SV chain.… Continue reading Hash Wars: ABC Chain Leaps More Than 50 Blocks Ahead

Bitmain to Sponsor NBA Team and Invest $500 Million into Texas Economy

Bitmain has announced a sponsorship deal with a Texan NBA team, the Houston Rockets, as well as promising to invest $500 million in the state’s economy. In yet another example of how the cryptocurrency industry is winning at sports, AntPool, which is run by Bitmain Technologies, will soon be stepping onto the basketball court. South… Continue reading Bitmain to Sponsor NBA Team and Invest $500 Million into Texas Economy

Truth Behind the News: Bitcoin’s Supposed 51% Attack

On the 26th of June Crypto Briefing, Bitcoininst, CryptoVest, Smartereum, LiveBitcoinNews and CryptoCoinNews all reported on the Bitmain-owned pools Antpool & BTC.com reaching close to 51% of Bitcoin’s total hashpower together. What they failed to consider is the fact that the company does not own the majority of the miners participating in the pools, but rather just supports them with infrastructure… Continue reading Truth Behind the News: Bitcoin’s Supposed 51% Attack

The ASIC Debate Heats Up As Mining Becomes More Centralized

In 2013 the first Application Specific Integrated Circuits (ASICs) entered the marketplace for Bitcoin mining. These chips, which are vastly more powerful than the GPUs used up to that point, quickly transformed Bitcoin mining from an obscure activity by crypto advocates into a major corporate enterprise. In addition to selling the ASIC miners, manufacturers quickly… Continue reading The ASIC Debate Heats Up As Mining Becomes More Centralized

The Saga Continues: AntPool Burns Bitcoin Cash, Allegedly to Artificially Inflate the Price

There seems to be no end in sight in the struggle for supremacy between Bitcoin and Bitcoin Cash. The price of bitcoin cash has steadily been on the increase over the past few days, and some critics have ascribed this increase to an underhanded form of “tokenomics.” Antpool Burns BCH for the Community Source: CoinGecko… Continue reading The Saga Continues: AntPool Burns Bitcoin Cash, Allegedly to Artificially Inflate the Price

Antpool is burning Bitcoin Cash [BCH] – Some call it propaganda – BCH at $1400!

Antpool, the world’s largest Bitcoin [BTC] mining pool operated by Bitmain and led by Jihan Wu has recently started to burn 12% of Bitcoin Cash [BCH] which was earned by the mining pool as transaction fees. The mining fees are being sent to a black hole address. Antpool announced that the main reason behind the coin… Continue reading Antpool is burning Bitcoin Cash [BCH] – Some call it propaganda – BCH at $1400!

4/20 Crypto Round-Up: Casper EIP’s Here, AntPool BCH Burns, And More

As tokers celebrate 4/20 (you left out milk and cookies for Snoop Dogg last night, right?), it’s business as usual in today’s crypto space news cycle. Ethereum’s Casper FFG spec was just published on GitHub. AntPool is sending bitcoin cash mining fees “to a black hole address with each block mined.” And Peter Wiulle’s generated curiosity… Continue reading 4/20 Crypto Round-Up: Casper EIP’s Here, AntPool BCH Burns, And More