Norway has struck a blow to its domestic crypto mining industry by acting to end electricity subsidies for BTC mining facilities. Norway has acting to end electricity subsidies for Bitcoin (BTC) mining facilities, Norway’s largest printed newspaper Aftenposten reported Nov. 21. Until now, mining farms — in keeping with other power-intensive industries — paid a […]
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Mining hardware manufacturers invent new ways to increase their competitiveness and tackle miners’ interest decline as September was the first month when private miners’ profits went into the negative. A year long bear crypto market appears to have had a negative impact on the profitability of cryptocurrency mining. In spite of this, Bitcoin miners still […]
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On November 14th 2017, the price of bitcoin was a little over $6,500 — a bit more than it is today at $6,300. It might be easy to look at that 5 percent year-on-year price decline and conclude that perhaps the world’s best-known cryptocurrency is getting more stable. Those two data points belie the fact that the […]
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Unsubstantiated reports quoting a lawyer from Bitcoin mining giant Bitmain suggest co-founder Wu no longer has executive power. Cryptocurrency commentators are eyeing Bitmain Nov. 13 after Chinese industry media outlet Sanyang Blockchain reported a board reshuffle had resulted in co-founder Jihan Wu being unable to influence corporate decisions. Citing an unnamed “financial news” source, Sanyang […]
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Will Bitcoin Cash split? An extended overview of convictions, mind games, and “cheat codes” used by Bitcoin ABC and Bitcoin SV to beat one another. Born out of the original Bitcoin blockchain on August 1, 2017, Bitcoin Cash (BCH) has split the cryptocurrency community into warring factions with their own arguments, verbal skirmishes, leaders, convictions […]
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Toronto-based Bitcoin mining company Hut 8 has seen record high revenue in the third quarter of 2018, which reached $13.5 million, with $27.7 for the nine months ending on Sep. 30. Canadian Bitcoin (BTC) mining company Hut 8 has reported record revenue in the third quarter (Q3) of 2018, according to the company’s quarterly financial […]
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Morgan Stanley’s report shows Bitcoin’s appeal to institutional investors as the market evolves. On October 31, multinational investment bank and financial services company, Morgan Stanley, released their latest report on Bitcoin. The report, entitled “Update: Bitcoin, Cryptocurrencies and Blockchain,” stated that Bitcoins and altcoins have constituted a “new institutional investment class” since 2017. In comparison […]
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China’s oldest exchange BTCC says “business adjustments” mean its mining pool will cease to function, but the decision may not be permanent. BTCC Pool, the mining operation of Hong Kong-based cryptocurrency exchange BTCC, will close “indefinitely” at the end of this month, a statement from the firm confirmed Nov. 6. BTCC Pool, which began mining […]
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Bitcoin ( mining behemoth Bitmain has officially released two new 7nm (nanometer) “Antminer” crypto mining machines, designed to mine with the SHA256 algorithm. Bitcoin (BTC) mining giant Bitmain has officially released two new 7nm (nanometer) “Antminer” crypto mining machines, according to an official tweet posted Nov. 5. Bitmain indicated in September that it would be […]
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Bitfury has released details of a major funding round with participation from various European and Asian investors. Bitcoin mining infrastructure provider Bitfury has raised $80 million in a closed funding round, the company revealed in a press release shared with Cointelegraph Nov. 6. The round, which comes weeks after rumors Bitfury was considering an IPO, […]
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