bitcoin mining

MrBitcoin November 7, 2019

Bitcoin price slipped today as trade talks between the United States and China took a positive turn. According to reports, China may ease tariffs against US imports suggesting that a limited trade deal is in the works. Bitcoin Price Slacked Off from the $9,500 Level The Chinese Commerce Ministry announced Beijing and Washington had reached […]

MrBitcoin August 1, 2019

This article was originally published by 8btc and written by Lylian Teng. Canaan Creative, one of the world’s largest bitcoin mining machine manufacturers, has filed an application for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), people with knowledge of the matter disclosed. According to the source, the AvalonMiner manufacturer […]

MrBitcoin July 31, 2019

Bitcoin remains outside the top ten cryptocurrencies according to the Chinese government, which produced fresh industry rankings July 31. CCID: Bitcoin Not A Top 10 Cryptocurrency According to the latest instalment of the rankings, which the CCID Research Institute of the Ministry of Industry and Information Technology of China publishes regularly, Bitcoin came in 11th […]

MrBitcoin July 12, 2019

Gas companies in Canada are utilizing trapped natural gas otherwise flared to the atmosphere for bitcoin mining, creating a useful application for illiquid energy. Why Flare When You Can Mine Bitcoin Canadian gas companies in Alberta are developing means of utilizing natural gas to power bitcoin mining farms. This revelation is according to Francis Pouliot […]

MrBitcoin November 30, 2018

A new report from CoinShares into Bitcoin mining suggests the practice is likely loss-making for the majority of miners at current prices. Average Miner ‘Running At A Loss’ In a ‘whitepaper’ which received high praise from cryptocurrency figures, CoinShares examined various facets of mining, which has seen increased prominence in recent weeks as Bitcoin price […]

MrBitcoin November 27, 2018

Gor Gevorkyan, a Los Angeles resident, has filed a lawsuit against Bitmain for allegedly mining cryptocurrency at his expense. The class action claims that bitcoin mining giant had redesigned its ASIC devices “to mine crypto currency for the benefit of itself rather than its customers who purchase the products”. Bitmain Allegedly Used Customers Resources to […]

MrBitcoin September 21, 2018

Bitcoin (BTC) mining behemoth Bitmain has unveiled its next-generation ASIC chip soon to be used in the firm’s new “Antminer” crypto mining machines, Reuters reports September 21. An Application-Specific Integrated Circuit (ASIC) chip is a piece of tailored mining hardware geared to mine cryptocurrency based on a specific hashing algorithm. Bitmain CEO and co-founder Jihan […]

MrBitcoin November 27, 2017

Ashour Iesho · November 27, 2017 · 12:30 pm Over the past few years, Bitcoin’s difficulty and hash rates have steadily risen exponentially. So too has the electricity consumption of Bitcoin miners has risen as well, which is causing some concern among experts. Rising Demand for Electricity Bitcoin’s price is not the only thing that has been rising […]