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    Samsung, South Korea’s Largest Firm, is Manufacturing ASIC Chips For Bitcoin Mining

    Samsung, the largest company in South Korea which is accountable for a large portion of the country’s economy, has started the production phase of bitcoin and cryptocurrency mining equipment and ASIC mining chips. Local media outlets reported that Samsung partnered with a Chinese bitcoin mining equipment manufacturer last year and finished the development of its […]

    The Mining Farms That I Have Been to…

    Since 2013, I have visited lots of mining sites in China. Each mining farm has its own characteristics. If you want to construct a mining farm, the first thing to consider is the cost. That is, the hash rate and power consumption of miners, electricity, hosting fees and the life expectancy of miners. And the […]

    Hong Kong Fund Acquires Chinese Mining Powerhouse BTCC

    On January 29 the longstanding Chinese bitcoin company BTCC has announced it was acquired by a Hong Kong-based investment fund. The company explains its pivoting away from China so the business can grow more “aggressively” in 2018. A Hong Kong Investment Fund Acquires BTCC The company BTCC formally known as BTC China was founded in […]

    How are bitcoins mined?

    New bitcoins are added to the system about every 10 minutes through a process called “mining.” This involves using computing power to verify bitcoin transactions across the network by solving cryptographic problems called “hash puzzles.” Bitcoin Mining 101 Here’s how it works: Every bitcoin holder’s balance is designated by a unique bitcoin address, which is […]

    Vietnam Imported More Mining Rigs in 3 Weeks This Month Than All of Last Year

    The Ho Chi Minh City Customs Department has revealed that in the first 3 weeks of this month almost 8,000 mining rigs were imported into the city. This number exceeds the entire count of mining rigs imported into Vietnam last year. Nearly 8000 Mining Rigs Imported in 23 Days The Ho Chi Minh City (HMC) […]

    Bitcoin Miners Weekly Market Review and Quotations (15-21, Jan 2018)

      Bitcoin prices showed a downward trend last week, which has been around 60,000 yuan, with the price of bitcoin miners dropping slightly. 17 Jan 2018, Bitmain, one of the largest mining equipment manufacturers, launched the Antminer A3, a new Antminer model to mine cryptocurrencies using the hashing algorithm Blake (2b). Currently the mostly used […]

    Why Canada is poised to become a prime destination for Bitcoin mining

    From cryptocurrency startups to major bitcoin investors, Montrealers of all ages are jumping onto the bitcoin bandwagon. Howard Cohen reports on how cyrtocurrencies are creating tight-knit communities in the city. As platforms like Bitcoin continue to expand, Canada may soon be able to count itself among the world’s prime cryptocurrency mining destinations. “Canada is about […]

    China’s Bitcoin Miners Head West…to Canada

    China is losing its grip on bitcoin mining, while Canada, home of vast energy resources, is lifting its cryptocurrency profile. While China has evolved into a leading domicile for bitcoin mining, the country’s central bankers have been pushing back, triggering a wave of defections among mining operations to head for more cryptocurrency-friendly waters in the Western […]