Bitmain’s BTC Mining Hash Rate Drops by 88 Percent

The hash rate generated by the Chinese miner manufacturer’s BTC mining operation has dropped by as much as 88 percent in the last 30 days. The numbers were revealed by Bitmain on May 7 as a part of its computing power disclosure which it publishes each month. As per the figures, the hash rate for SHA256 – the protocol for […]

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Bitmain breathing its last? Famed S7 and S9 Antminer developer allegedly quits to join Shenma

Bitmain has been under immense pressure due to the bear market. The cryptospace is full of rumours and speculations about Bitmain’s S15 miners, as well as its alleged “distancing” from the Bitcoin Cash [BCH] Project. @BTCKING555, a Twitter user known for providing an inside scoop into all-things related to Bitmain, tweeted, A Lookback On March 10, 2019, Samson Mow, CSO […]

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New Malware Attacks Hold ASIC Miners to Ransom

According to reports from cybersecurity researchers, there’s a new ransomware virus on the loose that’s targeting bitcoin miners. A file locking program called H-Ant has allegedly infected certain Antminer models in China and if the ransom is not paid the software aims to destroy the infected machine. Also Read: Money Transmitter License Not Required for Crypto Businesses in Pennsylvania New Ransomware […]

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Bitmain Unveils Next-Generation ASIC Chip to Be Integrated into New Antminer Machines

Bitmain, the world’s leading manufacturer of ASIC chips and mining equipment, has announced its plans to launch an upgraded version of its chip. The new chip, as claimed, will deliver enhanced performance at a lower power consumption. Bitmain Dominant The world’s largest manufacturer of ASIC (Application Specific Integrated Chip) chips and cryptocurrency mining equipment, China-based Bitmain announced the company’s plans […]

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Bitmain Optimizes Power and Electricity Savings With APW7 Next-Gen Miner Power Supply – Bitsonline

Leading cryptocurrency mining hardware manufacturer Bitmain has released a new generation of miner power supply, called the APW7. Compared to the previous generation, the APW7 has been optimized and improved for both power and highest conversion efficiency, while offering more stable performance and lower electricity costs. This is a press release provided by Bitmain. APW7 Details and Specifications The APW7 […]

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Chinese Crypto-Mining Chip Company Bitmain Considers IPO – Bitsonline

Bitmain – one of the largest and most established developers of cryptocurrency-mining chips – is considering an IPO, or initial public offering. This could potentially open the company’s books to the public, and allow the stock market to assign the company real-time value. What Would an IPO Do? The company’s 32-year-old founder Jihan Wu says he’s predominantly looking at the […]

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Cryptocurrency Mining Industry Sees Influx of New Hardware

On April 3, 2018, the Chinese based firm Bitmain Technologies had launched it’s latest miner the Antminer E3. The new pre-manufactured mining rig processes the hashing algorithm Ethhash, the PoW consensus protocol for the Ethereum network. Lately, Bitmain has been releasing a bunch of new products including the Antminer X3 which mines Cryptonight algorithms for coins like monero, and a […]

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