Riot Blockchain has announced the purchase of an additional equipment for its post-halving operations. 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 […]
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Check out this week’s Bad Crypto News. Only a few more days to go now before the halving! Less than a week and all those miners will be taking a giant pay cut. And it comes after a great week for Bitcoin. The price has risen by more than 6 percent over the last seven […]
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New reports indicate that a previously-alleged mob attack by Bitmain employees was significantly overstated by the press. We recently reported that Bitmain’s CFO, Luyao Liu, was arrested after allegedly partaking in a mob attack in Beijing. Recent updates suggest, however, that this was not the case. At the time, sources claimed that the attack was […]
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As the halving approaches, Bitcoin’s hash rate sees major volatility. So what does it mean, exactly? Bitcoin’s (BTC) mining hash rate is seeing major volatility ahead of the halving event, scheduled for May 12, as the mining sector is preparing for a major reshuffle. On May 3, the hash rate set a new all-time high, […]
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Power struggle at Bitmain intensifies as the company’s executive reportedly gets arrested for partaking in a mob attack on the company’s ousted co-founder. Bitmain CFO and supposed legal representative Luyao Liu was arrested after allegedly partaking in a mob attack on the company’s ousted co-founder Micree Zhan in Beijing, local reports suggest. Liu was “taken […]
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After several customer complaints aired on social media, Chinese mining giant Bitmain confirms that some of its Antminer S17 units have issues. Chinese mining hardware company Bitmain has admitted to having issues with some of Antminer S17 units. “Antminer is paying close attention to the issues of some products from the 17 series, which has […]
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Chinese mining hardware giant Bitmain released a batch of Antminer products with a particularly high failure rate, according to a group of miners. The Telegram group, started by Arseniy Grusha on May 1, co-founder of United States-based cryptocurrency consulting and mining firm Wattum, contains several complaints about Bitmain products, primarily the Antminer S17+. “I have […]
Continue ReadingSeveral prominent Chinese cryptocurrency miners expect a wave of new Bitcoin buyers following the halving. A majority of Chinese miners expect a huge influx of new Bitcoin (BTC) buyers within the next six months. According to a poll by crypto services firm RockX on May 4, 57% of Chinese miners expect a large number of […]
Continue ReadingChinese cryptocurrency mining hardware producer Bitmain is now poised for a rebound after hitting a rough patch. Chinese cryptocurrency hardware manufacturer Bitmain seems to be bouncing back after a streak of dismal reports. Earlier this week, a local industry blog revealed that the mining giant has accumulated over $300 million in revenue so far this […]
Continue ReadingRiot Blockchain’s lawsuits dismissed by a New Jersey judge, ending a 2 year lawsuit alleging the mining firm misled shareholders. New Jersey District Judge, Freda Wolfson, granted seven motions of dismissal that ended a lawsuit targeting crypto mining firm, Riot Blockchain, on April 30. The plaintiffs claimed that Riot had made false and misleading statements […]
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