Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season

Chinese Miners Flock to Sichuan for Cheap Electricity During the Wet Season

Read More

Over the last two months, the hashrate between the Bitcoin Cash (BCH) and Bitcoin Core (BTC) networks has increased significantly since hitting a low on December 15, 2018. Numerous reports detail that many Chinese miners who control a large portion of SHA-256 hashrate have been recently setting up shop in Sichuan. During the wet season…

The Daily: Bitmain Reflects on 2018, Memo Releases Mobile App

post-img

Read More

In today’s edition of The Daily, we cover a reflection on the passing year by the cryptocurrency mining technology giant Bitmain, a mobile app released by social network Memo and new turnover figures from a Bitcoin ATM network in Australia. Also Read: South Africa Wants to Mandate Registration of Crypto Services Bitmain Reflects on 2018…

Largest Bitcoin Mining Pools Gutted as Bitmain Reels

post-img

Read More

The two largest Bitcoin mining pools, BTC.com and Antpool, have lost a large chunk of their hash power over the crypto winter. The two Bitmain owned pools signaled the mining market’s implosion, culminating in Bitmain laying off 50 percent of its workforce. At the beginning of 2018, Bitmain’s mining pools BTC.com and Antpool were the…

Bitcoin Cash Mining Showcased at the Houston Rockets Game

post-img

Read More

On Dec. 27 the Houston Rockets challenged the Boston Celtics. During the game’s intermission, two contestants participated in a contest called the Antpool Red Planet Race. The participants played a game that involved ‘mining’ bitcoin cash (BCH) on the court floor in the hope of winning $300 worth of BCH. Also Read: Many Self-Proclaimed Bitcoin Inventors…

Blockchain Developer at Top of List on LinkedIn’s Emerging Jobs Report

Blockchain Developer at Top of List on LinkedIn’s Emerging Jobs Report

Read More

LinkedIn has released the 2018 edition of its Emerging Jobs Report. Topping the list is the blockchain developer position. Yet, with crypto markets crashing in the past month amid signs of an industry slowdown, it’s unclear whether blockchain firms will be hiring at the same pace in 2019. Demand for Blockchain Devs Increased 32 Fold…

Bitcoin Miners Ruined by Downturn, “Selling Hardware by the Pound”; Giga Watt Files Bankruptcy

post-img

Read More

Miners have been decimated by the market downturn. In response, miners have started decommissioning hardware, mothballing rigs, and even selling hardware by the pound. Bitcoin and cryptocurrency proof-of-work (PoW) mining is a controversial topic. Mining is a process where computers continuously solve a difficult algorithm in exchange for cryptocurrency. This exchange consumes a massive amount…

Fork Watch: Disputed Consensus and an Abundance of Game Theory

post-img

Read More

In less than 24 hours the Bitcoin Cash (BCH) network will be facing a hard fork involving consensus changes that are currently disputed and may lead to a blockchain split. Two development teams have proposed different paths for the Nov. 15 upgrade and the clashing BCH reference implementations will be incompatible with each other after…

Inside Bitewei: The $20 Million Bitcoin Miner Being Hailed as a Bitmain Rival

post-img

Read More

A startup seeking to rival mining giant Bitmain is gaining a reputation as a firm that could disrupt the balance in crypto’s most lucrative sector.

Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain

Coders Renew Efforts to Fork Mining Giant Bitmain Off Siacoin Blockchain

Read More

Coders on a smaller cryptocurrency protocol are showing why expansion might not be so easy for Bitmain, a mining giant that’s soon to file for an IPO.