Mining
Bitmain Might Offload 50% of Staff Before BTC Halving
The mining industry keeps suffering whenever the crypto markets plunge. In that context, Bitmain, the crypto mining giant, is reportedly planning to reduce its workforce by an additional 50%. On...
Read moreBitcoin Explodes Into 2020 With An All-Time High Hash Rate
2020 is already promising to become a great year for bitcoin. With the imminent halving set to take place later in the year, the flagship crypto has already hit a...
Read moreBitcoin May Plunge to $4,500 But Most Miners Are Already Dropping Out
The Bitcoin price has almost bottomed out for 2019. However, there is a major threat that still remains for the markets to drop to $4,500 according to Willy Woo. The...
Read moreIran Cracks the Whip on Illegal Cryptocurrency Mining Operations
Crypto mining activities are seemingly increasing despite the price drops in the digital assets markets. In that context, Iranian authorities are striving to curb illegal crypto activities. According to the...
Read moreBitcoin Miner Canaan Creative’s Revenue Approaches $100M as IPO Looms
Canaan Creative, a Bitcoin Mining behemoth has got about $100 million in revenue in 2019. However, it remains more than $30 million in the red. Canaan announced its Q3 net...
Read moreUK Bitcoin Miner Targets 240% Capacity Increase Using New $10M Hardware
Despite the volatile bitcoin price trends, mining activities have benefited from new investments. The latest reports reveal that a UK-based mining firm by the name Argo Blockchain has doubled its...
Read moreEURJPY Price Is Targeting the Demand Level of $119
EURJPY Price Analysis – October 25 The bearish momentum may continue as long as the bears maintain or increase their pressure and the price is targeting the demand level...
Read moreNew Data: Bitcoin Using Less Energy despite High Hash Rate
In the past, bitcoin mining reportedly consumed a lot of energy. Many environmentalists were against bitcoin since they term it as detrimental to the environment. However, all that could be...
Read moreBitcoin Network Mines 85% of BTC Total Supply; Scarcity is Looming
In another notable milestone, 85% of Bitcoin supply is now in circulation as of August 1, 2019. Thus, it means that only 3.15 million new coins are available for mining...
Read moreIran Caught In Crypto War Between US And China
There is crypto trouble brewing in Iran as the US has accused the Middle Eastern government of using Bitcoin mining to circumvent the sanctions that the world hegemon has placed...
Read more