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Next Bitcoin Halving May Not Lead to Bull Market, Says Bitmain CEO

News Jihan Wu, co-founder and CEO of Chinese mining giant Bitmain, believes the next Bitcoin (BTC) block reward halving may not lead to a bull market, but the coin’s price will grow in the long term. According to Chinese industry news outlet 8BTC’s report published on Oct. 11, Wu made his remarks ..

Bitmain Announces Two New ASIC Cryptocurrency Mining Rigs

News Leading Application Specific Integrated Circuit (ASIC) producer Bitmain announced two new series 17 Bitcoin (BTC) mining machines in a blog post published on Oct. 9. Bitmain: higher efficiency and hashrateBitmain co-founder Jihan Wu announced the S17+ and T17+ mining machines at the World Dig..

$10M Mining Farm Fire Takes Blame as Bitcoin Hash Rate Wobbles

News The Bitcoin (BTC) network experienced fresh turbulence on Sept. 30 while evidence emerged of a fire destroying $10 million worth of mining rigs. A video of alleged Bitcoin miner fire emergesAccording to Marshall Long, one of the first active Bitcoin miners, mining company Innosilicon’s giant ..

What Crash? Bitcoin Hash Rate Doubles in 24 Hours Despite Price Drop

News Bitcoin (BTC) has already dispelled myths its hash rate suffered a 40% drop this week, reaching new all-time highs just days afterwards. What hash crash?As data from monitoring resource Coin Dance confirms, after the hash rate metric dipped from 104 quintillion hashes per second (h/s) to 57 o..

BTC Price Drop & Perceived Bitcoin Hash Rate Slide: What Gives?

The bitcoin price experienced a considerable selloff on September 24th, sinking around 15 percent intraday from $9,700 to $8,250 at one point as the vast majority of the top 100 cryptocurrencies acutely slipped deeply into the red in the same span. With no direct relation to the bitcoin price’s Tue..

Publicly-Listed Mining Firm Argo Blockchain Adds 1,000 New Miners

News Mining firm Argo Blockchain installs 1,000 more mining machines, financial news outlet ProactiveInvestors reports on Sept. 19. The addition of the new machines would take the company’s total number of miners to 6,000. Furthermore, the firm also plans to acquire another 6,000 of them in the ne..

Bitcoin Miners to Enjoy Tax Holiday in Iran

Iran’s government is looking to provide tax breaks for bitcoin miners in the country. This move is the latest in a series of steps geared towards supporting the local crypto industry as a way of boosting the country’s economy. Meanwhile, bitcoin mining continues to see increased activity as the net..

Bitmain Launches Two New S17 Bitcoin ASIC Miners Today

News Leading mining Application Specific Integrated Circuit (ASIC) producer Bitmain announced two new S17 miners in a press release shared with Cointelegraph. The two new mining ASICs, namely the S17e and the T17e, will both be launched on Sept. 9. The company claims that both the new models featu..

Bitcoin Is Using Less Energy Despite Record Hash Rate, New Data Shows

News Bitcoin (BTC) energy consumption is becoming rapidly more efficient, new data shows as hash rate continues to hit record highs. Record hash rate with less powerData from aggregator Statista accessed on Sept. 5 showed that despite more computing power being dedicated to Bitcoin mining, less el..

Bitmain to Increase Hashrate By 50% With 600,000 New Mining Chips

Showing renewed optimism, Bitmain is increasing its investments in the crypto mining industry. Now, Bitmain is reportedly buying 600,000 new crypto mining chips. As a result of this new investment, the company expects to make over $1 billion in profits.Bitmain to Increase its Capacity By 50% Hash..

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