Category: Bitcoin Mining
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‘Struggling’ Bitcoin sets a new all-time hashrate record, breaking the 150 TH/s plateau for the first time
“In Bitcoin we trust”, say miners unfazed by the market.
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Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid the Covid-19-induced global recession. For the three…
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‘We’re getting paid to produce Bitcoins’ reveals Texas BTC miner
Layer1’s plan to sell excess power back to Texans has resulted in 700% profits
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Mysterious Bitcoin mining pattern potentially solved after seven years
We may not know who Satoshi Nakamoto was, but at least this is one mystery we think we can solve.
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Mining rig manufacturer Canaan announces narrowing net loss in Q2 results
A vastly improved gross margin on sales contributed to a reduction in net loss of over 90% compared to figures from a year ago.
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Geopolitical risks prevail as new players emerge in the crypto mining space
China is not the only country that wants control of this highly coveted industry.