Buy Bitcoins at CEX.IO

Bitmain

Do You Know The Most Valuable Blockchain Companies?

Research firm Hurun published a list of global unicorns, or companies worth more than a billion dollars, in 2020. This ranking features all billion-dollar tech startups founded in the 21st century that are not listed yet listed on public exchanges.The report, named “Hurun Global Unicorn Index 2020,” shows that there are a total of 586 unicorns globally — up from 494 companies listed in the 2019 ranking.The blockchain industry represents 2% of the...

Bitmain Struggle Continues as Ousted CEO Reportedly Halts ASIC Deliveries

After physically taking over the Beijing Bitmain office, ousted CEO Micree Zhan is reportedly regaining control and is blocking the delivery of Bitmain products from its Shenzhen factory.According to sources of Chinese publication BlockBeats, Zhan issued an order prohibiting employees from shipping products to Bitmain’s customers. The reason for doing so remains unclear.As Cointelegraph previously reported, Zhan appears to have re-obtained the legal representative position of the Bitmain mainland China subsidiary, which is...

As Bitcoin Halving Dust Settles, Network Awakens to Costly New Reality

Things haven’t quite been the same since the Bitcoin (BTC) halving. A substantial number of miners have pulled the plug on their equipment due to the halved reward. Consequently, transaction fees are now considerably higher, the hash rate has shed around 25%–40%, and new blocks are generated at remarkably low speed.So, what can be done to prepare for this new post-halving reality, or will things return back to normal in the near future?...

Nasdaq to Reportedly Tighten IPO Rules for Chinese Firms, Crypto Potentially Affected

Nasdaq, the world’s second-largest stock exchange, is going to introduce new restrictions on initial public offerings (IPOs) to prevent smaller Chinese companies from getting listed, a recent Reuters report citing anonymous sources suggests.Chinese IPO seekers tend to lack accounting transparency and have “close ties to powerful insiders,” Reuters’ sources claim, which is why the new rules will reportedly set out a minimum value on the size of IPOs for the first time on Nasdaq. Specifically,...

Someone Was Propping Up the Bitcoin Cash Hashrate at a Loss in April

Since it was first launched back in August 2017, Bitcoin Cash (BCH) has failed to make an impact in terms of metrics like price and trading volume. Having said that, the altcoin, whose roots can be found in the epic Bitcoin (BTC) scaling debate of the mid-2010’s, still has its hardcore supporters. And new research shows these supporters are willing to mine BCH even when it would be more profitable to mine on...

US Mining Firm Plans to Nearly Double Hash Rate After Halving

U.S.-based mining firm, Riot Blockchain, has more than doubled the number of next-generation Bitcoin (BTC) miners it has purchased, buying 1,040 Antminer S19s from Bitmain on May 6. The additional miners cost the firm $1.9 million, following Riot’s purchase of 1,000 S19s Pros, revealed on April 30.Riot predicts 80% increase in hash rate after deploying S19sAnticipating that the units will have been shipped and deployed during the third quarter of this year, Riot expects...

Bitmain Calls Ex Co-Founder’s Claims of Holding 36% Equity Baseless

The world’s largest cryptocurrency mining rig producer Bitmain released a statement on April 27 condemning deposed co-founder Micree Ketuan Zhan’s attempts to regain control over Fujian Zhanhua Intelligence Technology Co. Ltd.In an email on October 29, 2019, co-founder Jihan Wu disclosed that he was dismissing his Bitmain partner and chairman Micree Zhan. He also issued a strict warning to all Bitmain staff not to contact or attend meetings with Zhan.Following his dismissal, Zhan...

Bitmain S17/T17 Antminer Has High Failure Rate

Cryptocurrency miners relying on the Bitmain S17 and T17 Antminer have said that the rigs have failure rates between 20-30% where they would normally be roughly 5%.According to an April 26 tweet from Samson Mow, Chief Strategy Officer (CSO) of blockchain infrastructure firm Blockstream, Bitcoin (BTC) miners using rigs from the world’s largest manufacturer of cryptocurrency mining equipment have been reporting technical issues. Heat sinks on the Antminer S17 and T17 rigs have been...

Bitmain S19 Antminers Sell Out, Won’t Ship Until May 11

The world’s largest manufacturer Bitcoin ASIC miners, Bitmain, has sold out its first round of domestic Antminer S19 sales within 24 hours of accepting orders.On March 23, Bitmain tweeted that it opened up its first phase of domestic sales for its long-await Antminer S19s — before selling out on the same day.Antminer S19s will ship from March 11The first version of the Antminer S19 will have a hashrate of 95 terahashes per...

Exiled Bitmain Co-Founder Is Fighting Back With Second Lawsuit

Micree Ketuan Zhan, the ousted co-founder of Bitmain, has filed another lawsuit in his fight to regain control of the bitcoin mining giant – this time in his home country.A recent notice from the Changle District court in China’s Fujian province indicates Zhan has filed a lawsuit against Bitmain’s fully-owned subsidiary Fujian Zhanhua Intelligence Technologies, as well as Beijing Bitmain Technologies as a related third party. A hearing of the case was scheduled on...
Buy Bitcoins at CEX.IO

You're currently offline!