A regional report from China indicates that bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed. Companies such as Canaan Creative have placed significantly sized mining rig orders while other companies like Bitmain are completely sold out. Bitcoin Mining …
Read More »South Korean PC Gaming Rooms Rely on Crypto Mining to Profit During the Coronavirus Pandemic
The coronavirus pandemic has significantly hit several entertainment routines of the people worldwide, and South Korea is not an exception. PC gaming rooms had to shut down in the country, but their owners found a way to make profits during the lockdown by participating in crypto mining. A PC Bang …
Read More »Report: Bitcoin Mining Firm Northern Data AG Plans for a $500 Million IPO
While the public prepares for the upcoming Coinbase public offering, the mining firm Northern Data AG is reportedly planning to go public as well. Sources say that the mining business is in talks with Credit Suisse Group to launch an initial public offering (IPO) in the United States. Report: Sources …
Read More »Bitcoin Hashrate Hits 180 Exahash, Mining Difficulty Climbs Higher, Pools Jump by 35%
The price of bitcoin has climbed to phenomenal heights during the last few weeks and this has fueled the crypto asset’s mining sector a great deal. Despite the fact that the Bitcoin network’s mining difficulty has never been higher at 21.72 trillion, the hashrate has climbed to a whopping 180 …
Read More »Nvidia Limits the Efficiency of Mining Ether Using Its GPUs by 50%
Nvidia announced that it will start limiting the efficiency of mining ethereum or any other crypto using its new range of upcoming graphics processing units (GPUs). In a blog post published Feb. 19, the U.S. hardware maker said this limitation will feature first on its new Geforce RTX 3060 card, …
Read More »Chinese Tea Retailer Joins the Crypto Mining Industry After Hiring Two Roles to Lead Its ‘Bitcoin Business Plan’
A Chinese tea retailer is looking to make its inception into the bitcoin mining business. Publicly-listed Urban Tea announced the expansion of its operations by appointing two executives to pursue its crypto plans. Urban Tea Praises Cryptocurrencies’ Widespread Popularity Per the announcement, Urban Tea Inc. hired Fengdan Zhou as the …
Read More »Russian Crypto Mining Companies Are Expanding Capacity as the Country Becomes a ‘Preferred Hotspot’
Crypto mining operations have been witnessing some changes within the industry in terms of locations. A recent interview with the CEO of the mining giant Bitriver, revealed that Russia is becoming a preferred hotspot for crypto miners. Russian Mining Giant to Build Two Additional Facilities to Cope With the High …
Read More »Chinese lottery service 500.com acquires Bitcoin mining pool BTC.com
Chinese sports lottery service 500.com has entered a share exchange agreement to acquire maror Bitcoin mining pool BTC.com. Source link
Read More »Red Envelopes and BCH: Prominent Mining Execs Jiang Zhuoer and Jihan Wu Bolster Bitcoin Cash
In recent days, bitcoin cash has seen significant gains, and supporters of the digital currency have been positive about specific developments, like the internet entrepreneur Kim Dotcom’s current support. On February 11, the Chinese New Year, the prominent bitcoin mining executives, Jiang Zhuoer and Jihan Wu joined a Satoshi’s Angels …
Read More »Crypto investors should consider buying gold, Newcrest Mining CEO says
Gold should help crypto investors hedge against the risks of highly unstable prices of cryptos like Bitcoin, the CEO of Newcrest Mining said. Source link
Read More »