Cryptocurrency Analysis and News Portal
Bitcoin's hash rate reached record highs this week, amid rising prices and anticipation of the miner reward halving later this year.Based on a seven-day average, the hash rate has risen sharply from approximately 93 exahashes per second (EH/s) on Dec. 30 to more than 106 EH/s on Sunday. The best
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Chinese state media Sina is reporting that Bitcoin mining behemoth Bitmain is considering laying off up to half of its employees as the company envisages economic consequences of the coming Bitcoin halving event. Meanwhile, the legal tussle between the co-founders of the firm continues with ousted chief Micree Zhan filing
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Cryptocurrency mining giant Bitmain reportedly has plans to reduce its workforce by another fifty percent.On Dec. 2, Chinese news media outlet Wushuo Blockchain reported that Bitcoin (BTC) mining rig maker Bitmain has launched a “personnel optimization plan” that will layoff a significant portion of its employees before the next
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Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just
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Chinese authorities have seized nearly 7,000 crypto mining machines, illegally consuming electric power, local news outlet CCTV reported on Dec. 22.The cryptocurrency mining confiscation came as part of an inspection of more than 70,000 households, 3,061 merchants, 1,470 communities, as well as factories, mines, courtyards and villages in the
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New malicious crypto scheme detected: an ongoing crypto mining malware designed as a photo of Taylor Swift. This crypto mining botnet, which has infected millions of devices across the globe, is reportedly shared in a jpeg file of the award-winning singer Taylor Swift.A recent study by the UK-based cybersecurity firm
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The stock price of Canaan Inc, a bitcoin mining giant based in Beijing, has dropped by $12 to $5 since November 25, by more than 58 percent. It comes after the price of BTC abruptly declined from $7,700 to $6,600 in the same period.In recent months, as seen in the
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"In Russia, there have been two cases recently when people were brought to criminal responsibility for getting access to computers [of state organizations] and using them to mine cryptocurrencies," TASS quotes Nikolay Murashov, deputy director of the National Coordination Center for Computer Incidents, as saying during a press conference. Source
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The role that China plays in the crypto ecosystem is one that would take a whole lot to replace. New data reveals that despite casting out all forms of crypto activities, China is still the primary home to crypto mining.Statistics from a new CoinShares report show that China is the
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As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the
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