Mining

Fork Wars: Bitcoin Cash Dev. Warns that CoinGeek Will Attack ABC

Advertisement Twitter Facebook LinkedIn During a largely celebratory live stream regarding the ability of Bitcoin ABC’s upgraded version of Bitcoin Cash to survive and thrive in a post-fork universe, Bitcoin ABC’s self-proclaimed “benevolent dictator,” Amaury Séchet, said that he believes, due to metrics that are publicly available, that BCH mining pool CoinGeek is presently preparing an […]

Mining

Cryptocurrency Mining Farms In China Shut Down For ‘Strict’ Tax Inspections

Advertisement Twitter Facebook LinkedIn Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct “very strict” tax inspections and real-name registration checks. Power to the mining farms was shut off on November 5, sources told local daily Cong News. As a result, the mines lost about 1 million yuan (or […]

Mining

Bitcoin Mining Giant Bitmain Shuffles Board Ahead of IPO: Report

Advertisement Twitter Facebook LinkedIn Bitmain, the world’s largest bitcoin mining firm, has reportedly undergone a major board reshuffle ahead of its initial public offering (IPO), which should set a record for the nascent cryptocurrency industry. Bitmain Sees Major Board Shakeup — CEO Jihan Wu Loses Voting Rights Citing company information registered with the local government, […]

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Texas Hits Cryptocurrency Mining Firms with Cease and Desist for Fraud

Advertisement Twitter Facebook LinkedIn Texas executed regulatory action recently against two cryptocurrency mining companies. The Securities Commissioner for Texas sent EXY Crypto (also known as Execrypto) and AWS Mining PTY LTD. cease and desist letters based on fraudulent activities. EXY Crypto Texas order number ENF-18-CDO-1771 against EXY Crypto specifically names Morgan Nolan, Rafael Logan, and Melissa Spring […]

Mining

Bitcoin Mining Market Still Strong as Shown by Bitfury’s $1 Billion Valuation

Advertisement Twitter Facebook LinkedIn This week, Bitcoin mining equipment manufacturer and blockchain software firm Bitfury secured a valuation of $ 1 billion from billionaire investor Mike Novogratz and Korelya Capital’s $ 80 million investment in the firm. The multi-million dollar funding round comes after the release of Bitfury Clarke, the firm’s new Bitcoin ASIC miner, designed […]

Mining

Bitcoin Mining Giant Bitmain to Release Next-Generation ASICs This Week

Advertisement Twitter Facebook LinkedIn Bitmain, the dominant bitcoin mining firm and the most valuable company in the cryptocurrency industry, has announced that it will release its next generation of application-specific integrated circuit (ASIC) chip miners this week. In a tweet posted yesterday, the Beijing-based firm said that it will begin taking preorders for the Antminer […]