Q3 was a tough quarter for mining rig manufacturers as the impact of COVID-19 continued to weigh. The stock of one of China’s “big 3” mining firms is in free fall Monday after reporting another quarterly loss, underscoring the operating challenges imposed by COVID-19. Canaan Creative, which manufactures mining rigs, released its third-quarter financial results […]
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Bitcoin’s bull market is having a dramatic effect on demand for hardware resources as miners look to ramp up production. Bitcoin (BTC) mining continues to ramp up following the successful May 11 halving, but growing industry concentration could undermine the “democratization of hash rate,” according to a panel presentation at this year’s Mining and Investment Summit. […]
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Where can you mine Bitcoin and Ether in 2020? Here are the top tips about mining pools and what you need to know before joining one of them. For the past several months, miners around the world have been extremely active, which can be seen through spikes in hash rates that coincided with a significant […]
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2020 marks a new era for mining institutionalization, bringing with it both benefits and challenges. There are very few investments that can deliver an infrastructure-style downside case with a venture-capital-style upside. The combination of energy arbitrage with accumulating a balance sheet of Bitcoin (BTC) can deliver this. That is why we are seeing a rush […]
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At what point will greening crypto energy consumption be enough? En+ Group, the world’s top producer of low-carbon aluminum and the largest private-sector generator of hydropower, has entered its first crypto mining joint venture. The new venture, called Bit+, will focus on creating facilities that support crypto mining with a low carbon footprint. En+ Group’s […]
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Survey on professional investors finds that 36% have already bought crypto, as big pockets look to enter the market. To gain a deeper understanding of how professional investors feel about digital assets, Cointelegraph Consulting has published a 70+ page research report written by eight authors and supported by SIX Digital Exchange, BlockFi, Bitmain, Blocksize Capital, […]
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Cryptocurrency miners are back in business, but which graphics card should you choose to not be left with an empty wallet? Now that we are at the tail end of 2020, the big hardware manufacturers are starting to announce their latest, fastest offerings set to be released ahead of the holiday season. Meanwhile, the cryptocurrency […]
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North America now has its own Bitmain repair center. Crypto mining operator Core Scientific is set to become the first North American cooperative repair center for major crypto mining hardware manufacturer, Bitmain. According to an announcement shared with Cointelegraph, the company will offer repair services for Bitmain’s machines. The company says that this will reduce […]
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A new blockchain protocol is set to solve major DeFi issues. Avalanche, a new blockchain protocol and cryptocurrency backed by Cornell’s Emin Gün Sirer, will finally go live in a few days. According to an announcement, Avalanche will roll out the full mainnet on Monday, Sept. 21. With the mainnet launch, the Avalanche (AVAX) token, […]
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The new partnership targets Bitmain’s end customers. China’s mining giant Bitmain has entered a new partnership to streamline its operations in North America. As Bitmain officially announced on Sept. 10, the company has officially partnered with Foundry, a wholly-owned crypto mining subsidiary of major cryptocurrency firm, Digital Currency Group, or DCG. Within the partnership, Foundry […]
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