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Crypto Crackdown: Bitmain to Stop Shipping Antminers to China This October

Bitmain, the largest Bitcoin mining equipment manufacturer in China has announced it will stop shipping its flagship product, the Antimer, to China in response to the regulatory crackdown ongoing in the country.  As announced by the firm, the suspension of its Antminer shipping will commence on Monday 11th of October, and it will only affect

Bitmain, the largest Bitcoin mining equipment manufacturer in China has announced it will stop shipping its flagship product, the Antimer, to China in response to the regulatory crackdown ongoing in the country.  As announced by the firm, the suspension of its Antminer shipping will commence on Monday 11th of October, and it will only affect

Bitcoin News
Bitcoin News

US mining firm buys 30,000 antminers for over $120 million from Bitmain

One of North America’s Bitcoin Mining giants, Marathon Digital Holdings, Inc. has bought an additional 30,000 Antminer S19j Pro (100 TH/s). The deal is valued at $120.7 million. Marathon has scheduled the delivery latest by June 2022. Post-delivery, the company would estimate more than 133,000 Bitcoin mining machines, that would produce approximately 13.3 EH/s upon

One of North America’s Bitcoin Mining giants, Marathon Digital Holdings, Inc. has bought an additional 30,000 Antminer S19j Pro (100 TH/s). The deal is valued at $120.7 million. Marathon has scheduled the delivery latest by June 2022. Post-delivery, the company would estimate more than 133,000 Bitcoin mining machines, that would produce approximately 13.3 EH/s upon

Bitcoin News
Bitcoin News

Bitmain reveals divestiture plans for Antpool, the leading BTC mining pool

Bitmain, the world’s leading Bitcoin mining rig manufacturer recently concluded its semi-annual shareholder’s meeting where it revealed the progress of Antpool divestiture, the world’s leading Bitcoin mining pool. The mining chip manufacturer received shareholders nod to make its mining pool operations independent of the parent company in the first quarter and completed all the legal

Bitmain, the world’s leading Bitcoin mining rig manufacturer recently concluded its semi-annual shareholder’s meeting where it revealed the progress of Antpool divestiture, the world’s leading Bitcoin mining pool. The mining chip manufacturer received shareholders nod to make its mining pool operations independent of the parent company in the first quarter and completed all the legal

Altcoin News
Altcoin News

Ethereum Mining Hashrate on a Downtrend as China Sends Miners Packing

The regulatory clampdown on cryptocurrency miners in China is taking a toll on not just the Bitcoin (BTC) network, but also on Ethereum (ETH). The Ethereum mining hashrate, which attained its peak of 643,805.8731 GH/s back on May 20, 2021, according to data from Etherscan is fast on a decline. At present, the hashrate is

The regulatory clampdown on cryptocurrency miners in China is taking a toll on not just the Bitcoin (BTC) network, but also on Ethereum (ETH). The Ethereum mining hashrate, which attained its peak of 643,805.8731 GH/s back on May 20, 2021, according to data from Etherscan is fast on a decline. At present, the hashrate is

Bitmain
Bitcoin News
Bitmain
Bitcoin News

Bitmain Suspends Antminer Sales as Chinese Customers Put Miners for Sale

Major Bitcoin mining machine manufacturer, Bitmain Technologies has announced the suspension of the global sales of its Antminers. The move was unveiled via the company’s official WeChat account platform and comes following the Chinese government’s plan to clamp down on local mining operations.  The past days have seen an exodus of Chinese mining machines as

Major Bitcoin mining machine manufacturer, Bitmain Technologies has announced the suspension of the global sales of its Antminers. The move was unveiled via the company’s official WeChat account platform and comes following the Chinese government’s plan to clamp down on local mining operations.  The past days have seen an exodus of Chinese mining machines as

Uncategorized
Uncategorized

Just-In: Bitmain Slashes Price of its Top Bitcoin Mining Rig Amid Chinese Crackdown

Bitmain, the Bitcoin mining rig manufacturer has announced a price cut on its top bitcoin mining machine Antminer S19 Pro by 20% amid an increased crackdown on crypto mining by Chinese authorities. The price cut is being attributed to declining demand in China and many miners in the country have also applied for a refund.

Bitmain, the Bitcoin mining rig manufacturer has announced a price cut on its top bitcoin mining machine Antminer S19 Pro by 20% amid an increased crackdown on crypto mining by Chinese authorities. The price cut is being attributed to declining demand in China and many miners in the country have also applied for a refund.

Antminer-S19-Pro
Bitcoin News
Antminer-S19-Pro
Bitcoin News

China’s Bitcoin Mining Giant Bitmain Sues MicroBT Whatsminer for $15 Million

It’s the battle of the Bitcoin miners out in the open! In a fresh development on Wednesday, April 7, Chinese Bitcoin mining giant Bitmain has filed a $15 million lawsuit against MicroBT Whatsminer with the Beijing Intellectual Property Court. The court has acknowledged the filing and accepted the case. China’s local news publication IP Economy

It’s the battle of the Bitcoin miners out in the open! In a fresh development on Wednesday, April 7, Chinese Bitcoin mining giant Bitmain has filed a $15 million lawsuit against MicroBT Whatsminer with the Beijing Intellectual Property Court. The court has acknowledged the filing and accepted the case. China’s local news publication IP Economy

Antminer-S19-Pro
Bitcoin News
Antminer-S19-Pro
Bitcoin News

Bitcoin Mining Giant Marathon Orders 10,000 Bitmain Antminer S-19 Pro

Just as institutional players start raking up their BTC investments, Bitcoin mining groups start adding more mining gears. North America’s public traded self-mining company Marathon Patent Group placed a huge order with Bitmain, the biggest manufacturer of crypto mining hardware. Marathon has placed an order of 10,000 qty for Bitmain’s next-generation Antminer S-19 Pro ASIC

Just as institutional players start raking up their BTC investments, Bitcoin mining groups start adding more mining gears. North America’s public traded self-mining company Marathon Patent Group placed a huge order with Bitmain, the biggest manufacturer of crypto mining hardware. Marathon has placed an order of 10,000 qty for Bitmain’s next-generation Antminer S-19 Pro ASIC

bitcoin block stable block
Bitcoin
bitcoin block stable block
Bitcoin

Miner ‘Death Spiral’ A FUD? Bitcoin Miners Back In Action As Hash Rate Surges

A FUD regarding Bitcoin miner ‘death spiral’ had been surfacing the crypto community as the halving was underway. However, the latest charts suggest otherwise as hash rate hits an all-time high. Miner’s Miles Away From ‘Death Spiral’ The first and the largest cryptocurrency, Bitcoin was programmed to undergo a process called the “halving” once, every

A FUD regarding Bitcoin miner ‘death spiral’ had been surfacing the crypto community as the halving was underway. However, the latest charts suggest otherwise as hash rate hits an all-time high. Miner’s Miles Away From ‘Death Spiral’ The first and the largest cryptocurrency, Bitcoin was programmed to undergo a process called the “halving” once, every

Canaan Creative ASIC
Bitcoin News
Canaan Creative ASIC
Bitcoin News

Political Fights At Another Leading Bitcoin Miner Manufacturer, Co-founder Leaves Board

Reports from China indicate that senior executives of Canaan creatives, one of leading bitcoin miner manufacturer, have been fired. The purge at Hangzhou offices was instigated by Zhang Nan Geng—the founder. Xiangfu Liu, the co-founder, has also reportedly left the board.  Power Struggle At Bitcoin Miner Manufacturer Canaan The in-fighting–as a Twitter user revealed, stems from

Reports from China indicate that senior executives of Canaan creatives, one of leading bitcoin miner manufacturer, have been fired. The purge at Hangzhou offices was instigated by Zhang Nan Geng—the founder. Xiangfu Liu, the co-founder, has also reportedly left the board.  Power Struggle At Bitcoin Miner Manufacturer Canaan The in-fighting–as a Twitter user revealed, stems from

Bitmain
Bitcoin
Bitmain
Bitcoin

Bitcoin Mining Giant Bitmain’s CEO Accused Of Embezzlement

Bitmain drama prolonges. The Bitcoin mining equipment giant’s ousted CEO, Micree Zhan recently released a document accusing Jihan Wu of engaging in illegal activities including, theft as well as the wrongful use of the company’s money.  Jihan Wu Allegedly Stole Business License The entire world has come together to fight the deadly COVID-19 malady. While

Bitmain drama prolonges. The Bitcoin mining equipment giant’s ousted CEO, Micree Zhan recently released a document accusing Jihan Wu of engaging in illegal activities including, theft as well as the wrongful use of the company’s money.  Jihan Wu Allegedly Stole Business License The entire world has come together to fight the deadly COVID-19 malady. While

Bitcoin
Bitcoin

Bitmain Drama Prolonges As Sacked CEO Forbids ASIC Shipments

Prominent Bitcoin mining equipment manufacturer, Bitmain once again faces managerial issues as ousted co-founder puts a hold on shipping mining equipment to paid customers for reasons that are still unknown.  Down The Bitmain Alley While the world has been recovering from a disease as outrageous as Covid-19, things in the Chinese crypto space doesn’t seem

Prominent Bitcoin mining equipment manufacturer, Bitmain once again faces managerial issues as ousted co-founder puts a hold on shipping mining equipment to paid customers for reasons that are still unknown.  Down The Bitmain Alley While the world has been recovering from a disease as outrageous as Covid-19, things in the Chinese crypto space doesn’t seem

Bitcoin BTC Mining Difficulty
Blockchain News
Bitcoin BTC Mining Difficulty
Blockchain News

NASDAQ Listed Blockchain Firm Purchases Bulk Next Gen Bitcoin Miners Ahead Of Bitcoin Halving

NASDAQ listed firm, Riot blockchain, purchases over 1000 Antminer S19 Bitcoin miners. The purchase aims at increasing the mining efficiency and lower the power consumption to boost profits post-halving. According to a press release, NASDAQ listed cryptocurrency mining firm, Riot Blockchain, purchased over 1000 Bitcoin miners from top mining hardware manufacturer, Bitmain. The total cost

NASDAQ listed firm, Riot blockchain, purchases over 1000 Antminer S19 Bitcoin miners. The purchase aims at increasing the mining efficiency and lower the power consumption to boost profits post-halving. According to a press release, NASDAQ listed cryptocurrency mining firm, Riot Blockchain, purchased over 1000 Bitcoin miners from top mining hardware manufacturer, Bitmain. The total cost

Bitcoin-BTC-Miners
Bitcoin News
Bitcoin-BTC-Miners
Bitcoin News

Two Months to Bitcoin Halving – Analyst Shuns FUD around Effect on Mining Cost

With Bitcoin halving, now only two months away, the current price of Bitcoin threatens the break-even cost for miners. This presents a scenario for large scale exits from miners. Nevertheless, according to leading analyst, mining is a large scale business and ‘respectfully disagrees’ with any FUD around miner capitulation. Bitcoin around $8000 is at the

With Bitcoin halving, now only two months away, the current price of Bitcoin threatens the break-even cost for miners. This presents a scenario for large scale exits from miners. Nevertheless, according to leading analyst, mining is a large scale business and ‘respectfully disagrees’ with any FUD around miner capitulation. Bitcoin around $8000 is at the

Bitmain
Blockchain News
Bitmain
Blockchain News

Bitmain-MicroBT Saga Continues As Chinese Police Arrest MicroBT CEO; Here’s Why!

Per a recent update, the Chinese Police have arrested Yang Zipping, ex-employee of Bitmain and CEO of its arch-rival MicroBT, maker of WhatsMiner Bitcoin miners. Will Bitmain-MicroBT Case Re-open? Sources further reveal that Yang has been taken into custody over issues involving the intellectual property rights of Bitmain. Interestingly, he was one of the engineers

Per a recent update, the Chinese Police have arrested Yang Zipping, ex-employee of Bitmain and CEO of its arch-rival MicroBT, maker of WhatsMiner Bitcoin miners. Will Bitmain-MicroBT Case Re-open? Sources further reveal that Yang has been taken into custody over issues involving the intellectual property rights of Bitmain. Interestingly, he was one of the engineers

micree zhan
Bitcoin News
micree zhan
Bitcoin News

Bitmain Civil War: Expelled Co-Founder Sends Open Letter to Bitmain Employees; Planning a Comeback Soon

The Bitmain civil war continues. Ousted co-founder of the the company, Micree Zhan has responded to the event with an open letter to the employees, sharing that he will return to the company soon and restore “normal order in the company”.  Micree Zhan is Embarrassed The Bitmain drama came to light in the last week

The Bitmain civil war continues. Ousted co-founder of the the company, Micree Zhan has responded to the event with an open letter to the employees, sharing that he will return to the company soon and restore “normal order in the company”.  Micree Zhan is Embarrassed The Bitmain drama came to light in the last week

micree zhan
Bitcoin News
micree zhan
Bitcoin News

Bitmain Civil War: Company’s Co-Founder Micree Zhan Fired; Barred From Entering Office

According to crypto influencer Dovey Wan, the largest shareholder and co-f0under of Bitmain, Micree Zhan has been been ousted from the company. Jihan Wu has now taken over as the legal representative of Bitmain in China.  Bitmain Staff Prohibited From Taking Any Orders from Zhan Crypto influencer Dovey Wan, in a string of tweets, revealed

According to crypto influencer Dovey Wan, the largest shareholder and co-f0under of Bitmain, Micree Zhan has been been ousted from the company. Jihan Wu has now taken over as the legal representative of Bitmain in China.  Bitmain Staff Prohibited From Taking Any Orders from Zhan Crypto influencer Dovey Wan, in a string of tweets, revealed

Crypto News
Altcoin News
Crypto News
Altcoin News

This Week in Cryptos: Bitcoin Breaks USD 11K While Facebook Unveils Libra

Key highlights Bitcoin breaks $11k Facebook announces Libra Coinmine launches Bitcoin mode Bitmain planning US IPO Lightning Labs launch a mobile app Bitcoin breaks $11k In another major “FOMO Trigger” as Tom Lee calls it, Bitcoin prices leaped to USD 11000 in less than 24 hours after Bitcoin price breached $10,000. This breach was the

Key highlights Bitcoin breaks $11k Facebook announces Libra Coinmine launches Bitcoin mode Bitmain planning US IPO Lightning Labs launch a mobile app Bitcoin breaks $11k In another major “FOMO Trigger” as Tom Lee calls it, Bitcoin prices leaped to USD 11000 in less than 24 hours after Bitcoin price breached $10,000. This breach was the

Bitmain - Largest Crypto Mining Firm Suing Three Ex-Employees
Altcoin News
Bitmain - Largest Crypto Mining Firm Suing Three Ex-Employees
Altcoin News

Bitmain – Largest Crypto Mining Firm Suing Three Ex-Employees

Bitmain is the crypto mining giant and the owner of BTC.com which is the world’s top bitcoin mining pool by hash rate. Recent reports revealed that the firm is suing its three former employees on account of violating the non-compete agreements of the Bitmain. Bitmain V/s Poolin – Who Will Win The Case? Three ex-employees

Bitmain is the crypto mining giant and the owner of BTC.com which is the world’s top bitcoin mining pool by hash rate. Recent reports revealed that the firm is suing its three former employees on account of violating the non-compete agreements of the Bitmain. Bitmain V/s Poolin – Who Will Win The Case? Three ex-employees

Press Release
Press Release

2019 China Mining Industry Summit – Recap and Summary

BEIJING, June 5, 2019 – BitDeer.com’s premier industry event wrapped up successfully in Beijing. 2019 China Mining Industry Summit has brought together the biggest names of the Chinese mining ecosystem. Prominent Chinese blockchain and tech media attended the event and reported on the significant industry announcements. With the leaders of the Chinese blockchain mining group in

BEIJING, June 5, 2019 – BitDeer.com’s premier industry event wrapped up successfully in Beijing. 2019 China Mining Industry Summit has brought together the biggest names of the Chinese mining ecosystem. Prominent Chinese blockchain and tech media attended the event and reported on the significant industry announcements. With the leaders of the Chinese blockchain mining group in