Category: bitmain
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BitMEX Reports Bitmain Needs Efficient Management to Reach ‘Legendary’ Status
The research arm of Bitcoin Mercantile Exchange (BitMEX) recently analyzed leaked data about mining giant Bitmain to pinpoint fallacies and other investor accusations toward the mining business. Bitmain a Potential ‘Legend’ BitMEX researchers defined Bitmain, which is valued at $8 billion ahead of its public listing in Hong Kong, a technology player with “legendary” potential,…
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Wormhole Developers Address Rumors Concerning Protocol Security
On August 1 news.Bitcoin.com reported on the Wormhole project and the BCH burned to create Wormhole Cash (WHC) tokens. Since then there’s been a lot happening in the BCH environment, and Wormhole developers have felt the need to address the public with a statement concerning rumors spreading regarding the security of the protocol. The Wormhole…
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Bitcoin Hash Rate Continues To Increase, Reaches 61.8 EH/s
Even in a bear market, the Bitcoin network’s hash rate continues to trend upward, reaching 61.8 EH/s. Hash rate is best described as the number of hash functions that are executed across a period of time. In most cases, this is measured in seconds. To get an idea of how much 61.8 EH/s is, let’s…
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Bitmain Prepares for Inaugural World Digital Mining Summit
Bitmain CEO Jihan Wu and Bitcoin(.com) CEO Roger Ver are set to discuss upcoming ecosystem developments, protocol upgrades and more during the first-ever World Digital Mining Summit, taking place Sept. 21-23, in Tbilisi, Georgia. Bitmain Heads to Tbilisi Bitmain Technologies and BitKan have teamed up to host the World Digital Mining Summit, according to an…
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Pangolin Miner Claims 16nm ASIC Miner Will Compete With 7nm Machines
Over the last few weeks, we’ve been reporting on the wide variety of new cryptocurrency miners entering the digital asset economy. Some of these newly created miners are bringing faster processing power and more optimized chips, while others have even built mining rigs that tether to a water-cooling system. Now another new SHA-256 mining rig…
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GPU Manufacturing Giant Nvidia Leaves Crypto Mining
Media accounts are leaning toward blaming a supposed lack of interest in cryptocurrency as the reason US chip behemoth Nvidia has backed out of the mining industry. It was only a little over a year ago the company hoped to make an impact in the space. Whether it’s the industry losing steam or the simple…
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Bitmain Unveils New 18 Terahash Water-Cooled Bitcoin Miner
On August 23, the China-based firm Bitmain Technologies revealed the company’s latest mining device, the Antminer S9 Hydro. The newly manufactured rig is a water-cooled SHA256 miner that commands a hashrate of around 18 trillion hashes per second (TH/s). Also read: Innosilicon’s T2-Turbo Bitcoin Miner is Powerful, But GMO’s B3 is Still the Champ The Antminer…
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While Bitmain Faces Investor Flak, BitMEX Rents Out World’s Most Expensive Office
Two prominent, China-based cryptocurrency businesses are undergoing contrasting fortunes; while Bitmain is facing flak for several inconsistencies in its investor deck and competition from mining rivals, the Bitcoin Mercantile Exchange (BitMEX) just moved into the world’s most expensive office. Bitmain’s Falling Fortunes Bitmain’s rise to the top has been nothing short of spectacular as well…
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Bitmain Founder Jihan Wu: A Most Important Man in Crypto
He’s not flashy. He doesn’t post photographs of himself aboard yachts, arm-in-arm with scantily-clad groupies. A safe bet would be to assume he doesn’t own a sharkskin suit. Instead, his preference seems to be in the background, slightly obscured, faded almost. And yet he is arguably the most important man in cryptocurrency right now, and…
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Bitmain: Unicorn IPO or Massive Fraud
In early August, Beijing-based Bitmain Technologies announced its plan to go public in Q4 2018 to much excitement and fanfare. The Chinese cryptocurrency company, founded in 2013 by Jihan Wu and Micree Zhan, has long been a powerhouse in the cryptocurrency space. As a pioneer of ASIC mining chips, Bitmain controls approximately 70 percent of…