Tagged: mining

November 27, 2020 @ 8:10 am By JD Alois  |  

A report claims that the US Director of National Intelligence (DNI) John Ratcliffe has contacted SEC Chairman Jay Clayton regarding China’s influence in the crypto market including mining. According to the Washington Examiner, the DNI is worried that China has too much control when it… Read More

November 22, 2020 @ 2:55 pm By Omar Faridi  |  

The Antminer S19 Pro price has surged around 30% since October 2020 after the Bitcoin (BTC) price began to rise. As confirmed by the HASHR8 team, the Bitcoin price increases have “widened profit margins for miners but capital expenditure costs are also rising.” John Lee… Read More

November 5, 2020 @ 10:35 am By JD Alois  |  

Realio Technology, a SaaS platform for the issuance, investment, and management of digital assets, says it will tokenize a Bitcoin mining fund. Liquid Mining Fund I is being launched through a partnership with Valentus Digital. The tokenized fund will create yield via a stream of newly… Read More

October 13, 2020 @ 3:21 pm By Omar Faridi  |  

HASHR8 Inc., a cryptocurrency mining and media firm that aims to support the “decentralized growth” of hashrate (or computing power used to secure digital currency networks) while enhancing the security of blockchains, has introduced Compass – which is a platform that will match Bitcoin (BTC)… Read More

September 16, 2020 @ 9:41 pm By Omar Faridi  |  

During its 11 years of existence (since the first Bitcoin block was mined), BTC has been able to survive many “threats,” mainly because there’s no single entity controlling the world’s largest cryptocurrency network. As explained in a report from Coin Metrics, this trait, called decentralization,… Read More

August 27, 2020 @ 4:25 pm By JD Alois  |  

Digital Currency Group (DCG) is moving into crypto mining. According to a release, DCG created a subsidiary called “Foundry” and 2019 and today the company is outing the mining firm with Mike Colyer, a former Core Scientific executive, being Foundry’s Chief Executive Officer. Foundry claims… Read More

August 12, 2020 @ 10:04 pm By Omar Faridi  |  

Jameson Lopp, the CTO at Casa, a Bitcoin focused security company, notes that since the industrialization of BTC mining began in 2015, there have been concerns regarding the concentration of hashpower within Chinese borders. Hashpower is the computing power needed to secure the Bitcoin network,… Read More

June 28, 2020 @ 12:31 pm By Omar Faridi  |  

Core Scientific, a US-based blockchain hosting provider, has teamed up with Bitmain Technologies Inc., a leading Bitcoin (BTC) mining equipment manufacturer, in order to facilitate the purchase of 17,595 units of cryptocurrency mining machines “on behalf of its growing list of hosting clients” and other… Read More

June 5, 2020 @ 4:36 pm By JD Alois  |  

The Securities and Exchange Commission (SEC) has obtained an asset freeze and other emergency relief against Daniel F. Putnam, of Utah, Jean Paul Ramirez Rico, of Colombia, and Angel A. Rodriguez, of Utah, who allegedly scammed over $12 million from over 2000 investors in a… Read More

June 3, 2020 @ 11:57 pm By Omar Faridi  |  

The management at RRMine, a global distributed Bitcoin hashrate asset management platform that maintains offices in Hong Kong, notes that blockchain or distributed ledger technology is moving past the early days of digital currency and smart contracts, and is now increasingly focused on the development… Read More

May 13, 2020 @ 12:49 pm By JD Alois  |  

The Cambridge Centre for Alternative Finance (CCAF) has launched a Bitcoin Mining Map that tracks the creation of BTC. As we all know, Bitcoin just completed its periodic “halving” event when the creation or mining of Bitcoin is cut in half. As one may expect,… Read More

May 10, 2020 @ 2:35 pm By Omar Faridi  |  

  US-headquartered cryptocurrency mining firm, Riot Blockchain (NASDAQ: RIOT), recently revealed that it has more than doubled the number of high-end Bitcoin (BTC) miners it operates – which should roughly double its hashrate (amount of computing power) at around the time of the BTC halving…. Read More

May 9, 2020 @ 4:15 pm By Omar Faridi  |  

The Bitcoin (BTC) halving event, when the pseudonymous cryptocurrency’s supply will be cut in half, is approaching. It should take place on May 11, 2020, which is when 210,000 blocks of BTC transactions will have been processed since the last halving event that took place… Read More

April 27, 2020 @ 10:17 am By JD Alois  |  

Crypto exchange Binance has launched “Binance Pool,” a mining platform that is described as being dedicated to the development of the global crypto mining industry and empowering miners. Binance Pool is integrated into the growing Binance ecosystem, allowing users access to its suite of derivatives products… Read More

January 13, 2020 @ 4:18 pm By Cali Haan  |  

Bitmain, one of the world’s largest manufacturers of cryptocurrency mining hardware, says it is reducing staff in order to head off a revenue squeeze that could occur when Bitcoin “halves” in May, Sina reports. Although, “the company is now operating normally and the cash flow… Read More

January 11, 2020 @ 7:38 am By Cali Haan  |  

Canadian cryptocurrency mining management company DMG Blockchain Solutions (TSX-V: DMGI) (OTC:DMGGF) (FRANKFURT:6AX) says it has been, “engaged to host 1,000 new miners for a new client based in the US.” The company has also stopped servicing 15 000 machines at Bitmain’s cryptomining facility in Rockdale,… Read More

December 30, 2019 @ 5:41 pm By Cali Haan  |  

Due to dry conditions and a 30% rise in electricity consumption expected this winter, officials in China’s Sichuan province reportedly compelled players in the region’s cryptomining sector to attend a meeting on December 27th. According to 8BTC, the meeting involved, “participation of 12…regulatory bodies including(the)… Read More

December 24, 2019 @ 11:50 am By Cali Haan  |  

Police in Tangshen, a city in China’s northeastern coastal province of Hebei, have seized three privately-installed high-power electricity transformers directing stolen electricity to 790 bitcoin mining machines running in an adjacent village. The machines have also been seized, CCTV reports. Police claim the electricity commandeered… Read More

December 15, 2019 @ 2:58 pm By Cali Haan  |  

The operator of a Montana cryptocurrency “mine” says he has been “blindsided” by the arrest of Matthew Brent Goettsche, indicted earlier this week for allegedly pervading a $722 million USD cryptocurrency fraud. According to The Sacramento Bee, Rick Tabish of Butte, Montana, has been operating a cryptomining… Read More

December 12, 2019 @ 2:22 am By Cali Haan  |  

Details have emerged regarding Jihan Wu’s plans to regroup cryptomining hardware giant Bitmain and restore company fortunes after the hostile ouster of co-f0under Micree Zhan earlier this fall. Zhan, an electrical engineer, and Wu, a Beijing tech entrepreneur, co-founded Bitmain in 2013. As one of… Read More