Bitmain lost money in 2019, lawyers tell court in China
Lawyers representing Bitmain Technologies disclosed at a recent court hearing that the ASIC mining hardware manufacturer recorded a loss of nearly $60 million in 2019.
Lawyers representing Bitmain Technologies disclosed at a recent court hearing that the ASIC mining hardware manufacturer recorded a loss of nearly $60 million in 2019.
Bringing the online casino experience to the blockchain is an arduous process that requires careful consideration of the current technological limitations and how to mitigate them.
The NASDAQ-listed block reward mining firm recently announced purchasing 10,000 next-generation Antminer S-19j Pro miners for its Hardin, Montana data center.
A Kentucky steel plant owned by Ukrainian oligarch Ihor Kolomoisky has been reportedly quietly mining BTC after it shut down operations and laid off staff over the summer.
Researchers at Cornell Tech and the Technion Israel Institute of Technology claim to have uncovered a fresh way to execute a denial-of-service attack (DoS) on a proof-of-work blockchain network.
Titan Pool seeks to connect regional BTC miners together by offering them the same operational efficiencies that miners in other regions enjoy.
Hive reported revenue of $13 million during its fiscal second quarter, up 8.2% from the same period a year ago, with gross profits of $7.4 million.
Baoshan authorities have reportedly ordered electricity producers to stop supplying power to some block reward miners from the city.
The NASDAQ listed hardware manufacturer reported a net loss of $12.7 million in Q3 despite a BTC price jump during the same period.
Industry watchers have noticed that hashrate emanating from North American has been increasing, eroding the centralized collective market share that Chinese competitors once held.
The clampdown has reportedly makes it harder for block reward miners to exchange the digital token they mine into the Chinese Yuan in order to pay utility companies.
Following the suspension of withdrawals from trading accounts, hash power dropped by as much as 99% on OKEx's digital currency mining pools.