Bitmain Launches Low-Cost Special Edition Antminer S9

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On Monday, June 17, the Chinese mining rig manufacturer Bitmain Technologies announced the launch of a low-cost miner called the Antminer S9 version SE. The new 16 terahash per second (16TH/s) S9 SE is $350 per unit and the launch celebrates the company’s most popular product, the original S9. Also read: Report Insists ‘Bitcoin Was…

Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin Cash

Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin Cash

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Venezuela is among those nations where cryptocurrencies enjoy faster adoption. The South American country suffers from a political and economic crisis causing hyperinflation of the national fiat, the bolivar. Coincoin, a mining equipment supplier based in Caracas, is one of many Venezuelan businesses that have decided to accept cryptocurrencies. Bitcoin cash (BCH) is now among…

Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining

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According to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the BCH and BTC networks at the same time as these firms have been running undercover mining operations in…

Crypto Spring Brings Strong Profits to Next-Generation and Older Mining Rigs

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Over the last few weeks, cryptocurrency markets have been on a tear accumulating considerable gains following the notorious ‘crypto winter.’ Since the recent price hike this spring, mining digital assets with next-generation miners has allowed participants to secure significant gains and even older mining devices are turning a profit. Also read: Bitcoin Cash Protocol Successfully…

Bitmain Aims to Leapfrog Competition With Its Next-Gen Bitcoin Miner

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On April 28, the China-based mining rig manufacturer Bitmain Technologies announced the launch of its latest Antminer T17 model which processes roughly 40 terahashes per second (TH/s). The machine delivers better power efficiency with 55 joules per terahash (J/TH) and the T17 is also equipped with second-generation TSMC 7nm semiconductors. Also read: Statistics Show Bitcoin…

These Next-Generation Mining Rigs Pack a Ton of Hashpower

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Last week, mining manufacturer Bitmain launched its latest Antminer 17 series. Now Canaan Creative has published its own device specifications and pricing for the new Avalonminer 10 series that process between 31-33 trillion hashes per second (TH/s). In addition to Canaan’s latest miners, two more China-based companies are releasing next-generation miners this summer that mine…

Litecoin (LTC) hash rate hits record high: is it a crucial sign of confidence?

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According to Litecoin.com and the data published by BitInfoCharts, the hash rate of Litecoin (LTC) achieved a new all-time high on April 8 at 359 terahash. The rapid increase in the hash rate of the Litecoin blockchain network, which represents computing power that protects and secures the protocol, comes amidst the demonstration of a strong…

Bitcoin Miner Recounts Struggle to Obtain Cheap Iranian Power

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Over the last six months, reports of Chinese miners crossing the border to obtain cheap electricity from regions like Vietnam, Cambodia, Thailand, and Iran have abounded. According to a recent interview, Chinese miners have found extremely affordable electric prices ($0.006 per kilowatt-hour) in the oil-rich nation of Iran. However, managing to get thousands of machines…