Bitmain Reveals Sales Details of Next Gen Bitcoin Miners

Bitmain Reveals Sales Details of Next Gen Bitcoin Miners Beijing based Bitcoin mining hardware manufacturing giant Bitmain has announced the sales details for the company’s latest range of crypto-specific chips. According to the company, the Antminer 17 series will be capable of mining more than 50 trillion hashes per second. Sales will take place in two batches over the next […]

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New Report Highlights Increasing Decentralization of Bitcoin Mining

Bitcoin (BTC) mining has become more decentralized and continues to diversify, a new report from Canadian wealth management company Canaccord claimed on Feb. 6. Canaccord, which tracks the blockchain and digital currency sectors along with its other financial operations, highlighted the increasingly wide distribution of Bitcoin’s hash rate over the past five years. This, the report says, represents a competitive […]

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NEM Foundation is One Month Away From Bankruptcy

NEM foundation, the development team behind the popular cryptocurrency project, NEM, is about to go bankrupt and the foundation is about to start laying off workers in droves. The ongoing downtrend and the mismanagement of funds from the previous council have been identified as the cause. NEM Foundation Set to Fire Staffs The NEM foundation will be following in the […]

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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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Mining Giant Bitmain Reportedly Suspends Mining Operations in Texas

China-based leading mining and mining ASIC hardware producer Bitmain has reportedly suspended its mining operations in Rockdale, public radio station Texas Public Radio reports on Jan. 10. Rockdale is located in Milam County, east of Austin, in the United States state of Texas. Steve Young, a Milam County Judge, issued a statement reporting that all Bitmain employees but two engineers […]

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Investor: Bitmain Firing 80% Workforce is Bad for Bitcoin Cash and Litecoin

According to several reports, crypto mining giant Bitmain is running out of funds. And it could be bad for Bitcoin Cash and Litecoin. $315.5 million worth of Crypto-Assets Kyle Samani, the co-founder of Multicoin Capital, a crypto fund, warned in a Tweet that Bitmain would liquidate its crypto-assets to accumulate fiat-funds for its business operations. The prominent analyst cited recent […]

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Hong Kong Stock Exchange Ruins Bitmain's Plans for an IPO

Photo: HKEX / Twitter The current situation in the crypto market doesn’t seem to be very optimistic. Numerous companies feel the pressure of the bear market and need to take some measures. One of the examples of such companies is Chinese crypto miner Bitmain. Last week Coinspeaker reported about the company’s decision to shut down its Israeli Development Center. Though […]

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