The hashing power of top Bitcoin mining pools located in Northwest China appears to have plummeted due to a regional blackout to enable safety inspections.The news was reported by Wu Blockchain, the author of Chinese crypto newsletter Wublock, who noted significant drops in the hash rate of several major pools — with Antpool crashing 24.5%, Binance Pool dipping 20%, BTC.com … [Read more...] about Chinese mining pools’ hash power plummets amid regional blackouts
Mining
Bitmain’s new Ether ASIC mining rig may not fix GPU shortage after all
Cryptocurrency mining rig manufacturer Bitmain announced the pending release of a new Ether (ETH) miner on April 16. The Antminer E9 model is an application-specific integrated circuit chip, which will run on the Ethereum blockchain’s Ethash algorithm.No official release date has yet been announced for the E9, however, the machine’s arrival may not be as impactful as first … [Read more...] about Bitmain’s new Ether ASIC mining rig may not fix GPU shortage after all
Bitcoin firm that exploded 12,000% in the past year is buying the world’s largest mining farm
Bitcoin firm that exploded 12,000% in the past year is buying the world’s largest mining farm Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Riot Blockchain, a publicly listed United States Bitcoin mining player, acquired a crypto mining facility for over $650 million last week as it looks to expand its operations. The … [Read more...] about Bitcoin firm that exploded 12,000% in the past year is buying the world’s largest mining farm
UK Bitcoin mining revenues soar but China hogs 75% of ‘blood coin’ production
United Kingdom-based Bitcoin (BTC) mining firm Argo Blockchain just recorded the best quarter in its history, generating record revenues for three months straight. Yet despite the burgeoning cryptocurrency mining venture emerging in the west, the vast majority of Bitcoin production still takes place in China, where cheap, coal-powered electricity fuels an untold number of … [Read more...] about UK Bitcoin mining revenues soar but China hogs 75% of ‘blood coin’ production
Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operation
In the waters off Hong Kong International Authorities on April 2, Hong Kong Customs detected suspicious figures offloading cartons from a fishing boat to a nearby speedboat. While the men successfully fled, the authorities reportedly detained the fishing vessel and found there a large batch of apparently smuggled goods: everything from dried shark fins and cosmetics to … [Read more...] about Hong Kong Customs seizes 300 crypto mining GPUs in anti-smuggling operation