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Bitmain hints at hash rate specification of upcoming Ethereum ASIC miner

April 18, 2021 Bitmain, ETH, Ethereum, Ethereum mining, Mining Eddy 0

Bitmain, the Beijing-based mining hardware giant, has hinted that its upcoming Ethereum ASIC miner could outperform all rival products currently on the market. The firm announced on Friday that it would launch its AntMiner E9 soon but did not provide specific details of the equipment’s tech specification. In a tweet on Sunday, Bitmain claimed the […]

Bitcoin Hashrate Drops Over 45%, Xinjiang Grid Blackouts Blamed, BTC Price Slides 10%

April 18, 2021 Bitcoin (BTC), Bitcoin mining, BTC, BTC Mining, China, coal mine, Colin Wu, Compass Mining, Dovey Wan, Mining, nic carter, sichuan, Thomas Heller, Wu Blockchain, Xinjiang, Xinjiang China, Xinjiang province Eddy 0

Since April 15, the Bitcoin network hashrate has dropped more than 49% after touching an all-time high at 218 exahash per second. Regional reports noted that in China the Xinjiang grid is having blackouts and “safety inspections.” Reports Claim Blackouts in Xinjiang, China Have Pushed Bitcoin’s Hashrate Down 49% At the time of writing, the […]

Blockcap Mined $33M in BTC in First Quarter, Q1 Bitcoin Revenue Outshines US Competitors

April 17, 2021 544 bitcoins, Austin, Bitcoin mining, Blockcap, Competitors, Hive Blockchain, Mining, mining bitcoin, Mining BTC, Q1, Q1 Earnings, Riot Blockchain, Texas Eddy 0

The Texas-based Blockcap Incorporated revealed the blockchain and mining firm has mined approximately 544 bitcoins during the first quarter of 2021. Blockcap says the $33 million worth of bitcoin stems from the firm’s fleet of 12,176 mining rigs. Blockcap Rakes in 544 Bitcoins During the last three months, bitcoin (BTC) markets have seen phenomenal gains […]

Expert Believes Nuclear-Powered Crypto Mining Could Help Ukraine to Solve Energy Spending Problems

April 16, 2021 crypto mining, data center, Eastern Europe, Energy Consumption, Mining, Mining Rig, nuclear power plants, Ukraine Eddy 0

Bitcoin mining could be a proper asset to solve one of the significant issues in the Ukrainian energy sector: spending. A financial expert praised the recent push given by Ukraine’s government to nuclear-powered crypto mining across the nation. Crypto Mining Can ‘Smooth out’ Fluctuations in Consumption, Says Expert During an interview with Inshe, Alexei Mushak, […]

Bitmain is set to launch new Ethereum ASIC miner

April 16, 2021 Bitmain, Companies, Ethereum, Ethereum mining, Mining Eddy 0

Beijing-based crypto mining hardware manufacturer Bitmain is launching a new mining model on the Ethereum network. The firm announced on Friday that its AntMiner E9 is coming soon, which will be an application specific integrated circuit (ASIC) miner that runs on the Ethash algorithm. This move comes amid surging mining revenues on Ethereum, which has already […]

China coal mine accidents may be behind bitcoin’s hash rate drop

April 16, 2021 Bitcoin, Bitcoin mining, China, Mining Eddy 0

Recent security incidents in several coal mines in China appear to have had a ripple effect on bitcoin’s mining hash rate. Over the past two weeks, there have been three security accidents in coal mines in China’s Shanxi, Guizhou and Xinjiang provinces due to gas explosion and flooding, according to Chinese state media Xinhua. The […]

Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to ‘Inconsistencies’ in Transport Documents

April 13, 2021 ASIC, Bitcoin Venezuela, crypto mining, Latin America, Mining, Venezuela, Venezuela bitcoin mining, venezuela crypto adoption, venezuela mining crypto, venezuelan Eddy 0

The Bolivarian National Guard of Venezuela (GNB) is known for having a tough stance against crypto mining rig counterfeits, as several operations have been assigned to combat the issues over the last few months. This time, the Venezuelan authorities seized 76 mining rigs after allegedly detecting inconsistencies in the transport documentation. Rigs Are Presumably ASIC […]

Bitriver to Sell Tokens Backed by 100 Megawatts of Low-Carbon Siberian Mining Power

April 13, 2021 Bithumb, Bitriver, Bratsk, BTC Mining, BTR, ERC20, Igor Runets, Low Carbon Mining Token, Mining, mining bitcoin, Mining BTC, power, Russia, Siberia Eddy 0

On April 12, the international provider of colocation services for low-carbon cryptocurrency mining Bitriver announced it is launching a pre-sale of tokens backed by 100 megawatts (MW) of mining power in Siberia. The ERC20 tokens called “bitriver token (BTR)” will represent a single watt-hour (Wh) of Bitriver’s power in Bratsk. A Low-Carbon Crypto Mining Token […]

Nvidia estimates $150 million in revenue from new crypto mining product in Q1 of 2022 fiscal year

April 12, 2021 Cryptocurrency, Ethereum, GPU, Hardware, Mining, Nvidia Eddy 0

Computing hardware maker Nvidia is projecting as much as $150 million in revenue for its crypto mining-specific product line during the first quarter of the firm’s 2022 fiscal year. The $150 million revenue estimate was included in an April 12 release, which came months after the firm confirmed that it would produce and sell so-called […]

Bitcoin mining hosting firm BitRiver issues energy-backed tokens to raise $35 million

April 12, 2021 Bitcoin, Bitcoin mining, Mining Eddy 0

Russia-based BitRiver has rolled out an ERC-20 token to pre-sell the energy capacity of its bitcoin mining colocation facilities. The bitcoin mining farm operator said in an announcement on Monday that it’s raising $35 million through the pre-sale of 100 million BitRiver Tokens (BTR) with each representing one watt-hour of the low-carbon energy at its […]

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