Cryptocurrency Analysis and News Portal
Crypto mining rig maker Canaan delivered 2,000 Avalon mining rigs to Kazakhstan, according to a press release shared with CryptoX on Monday.The Chinese rig manufacturer announced in June that it would be diversifying its mining business in Kazakhstan, in the wake of China’s crackdown on the industry.Following the delivery, Canaan’s
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While bitcoin’s value has remained well above the $60K range, the network’s hashrate has surged to over 184 exahash per second (EH/s) as mining devices are far more profitable at these prices. The price has made it so that older generation mining devices manufactured over four years ago, with processing
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U.A.E.-based Phoenix Technology Consultants has signed a $650 million order for crypto mining rigs, one of the largest purchases on record, CEO Munaf Ali said at the World Digital Mining Summit (WDMS), which started in Dubai.Deliveries of the “new generation” machines will start in 2022. Phoenix will also place orders
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According to a Form 8-K filing with the United States Securities and Exchange Commission (SEC) on Monday, Cipher Mining will purchase 28,000 to 56,000 next-generation Bitcoin mining hardware from Bitfury at a cost of $6,250 per rig.At a maximum cost of $6,250 per machine, Cipher’s Bitcoin mining hardware outlay could
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As bitcoin’s value has increased, the global hashrate has been steadily climbing higher week after week. On Sunday, the hashrate dedicated to the Bitcoin network is hovering just above the 155 exahash (EH/s) handle and bitcoin’s price has made a great number of mining rigs more profitable. Older generation mining
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Bitmain, a Chinese manufacturer of cryptocurrency mining equipment, has been forced to stop its business in China from Oct. 11 following the crypto ban imposed by local authorities.In addition to China’s blanket ban on crypto operations, the company has attributed the move to stop shipping Bitcoin (BTC) and cryptocurrency mining
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The Nasdaq-listed firm is launching its operations in Hong Kong while several other miners have recently been expanding their businesses in North America. Oct 8, 2021 at 3:20 p.m. UTCUpdated Oct 8, 2021 at 3:27 p.m. UTCCrypto mining machines (Shutterstock) Source
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The director of Tehran’s Stock Exchange has resigned from his post following the discovery of cryptocurrency mining rigs in his organization’s basement. The scandal has erupted as licensed crypto miners in Iran are reportedly resuming operations amid fears of new restrictions in the winter. Iran Stock Exchange CEO Loses Job
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PolicyThe action comes after China’s National Development and Reform Commission laid out its vision for eliminating crypto mining from the country on Friday. By Eliza GkritsiSep 27, 2021 at 8:32 a.m. UTCUpdated Sep 27, 2021 at 8:32 a.m. UTCMichael Drummond/Pixabay Original Source
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Higher cryptocurrency prices recently have restored interest in digital coin minting in Vietnam. Crypto mining is once again seen as an investment opportunity with other options being limited by the ongoing coronavirus pandemic that has been affecting the Asian country. Vietnam’s Sales and Prices of Crypto Mining Rigs Spike in
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