Home Industry Mining

Category: Mining

Post
Chinese Media Platform Publishes Chart On Bitcoin Mining Cost: China Cheapest, Denmark Most Expensive

Chinese Media Platform Publishes Chart On Bitcoin Mining Cost: China Cheapest, Denmark Most Expensive

Chinese media platform Odaily published its “Global Mining Cost Map”, showing the electricity cost of mining a Bitcoin in different countries across the world. Obviously, electricity makes up most of the cost for mining cryptocurrencies, hence this is a key consideration before choosing a location to start mining. Unsurprisingly, China is on top of the...

Post
Chinese Publicly Listed Construction Company Turned Mining Firm Lost Over $23 Million

Chinese Publicly Listed Construction Company Turned Mining Firm Lost Over $23 Million

Chinese publicly listed construction company turned to cryptocurrency mining firm, Huatie HengAn, has reportedly been sold after its value decreased by over 90%. The development was reported by English-language local crypto-focused media 8btc on April 19. The firm has been reportedly sold for around 12 million yuan ($1.8 million), after its value decreased from 170...

Post
Hong Kong: Illicit Crypto Mining Operations Are Punishable by Fine or Imprisonment

Hong Kong: Illicit Crypto Mining Operations Are Punishable by Fine or Imprisonment

The secretary of Hong Kong’s Financial Services and the Treasury has stated that crypto mining operations are regulated by local trading law. His written response to Hong Kong’s Legislative Council was published on Wednesday, April 3. The Council has solicited information about the risks and fraudulent activities related to cryptocurrencies and underlying activity, such as...

Post
Mining Fraud: Chinese Investors Lose $2 million

Mining Fraud: Chinese Investors Lose $2 million

18 investors allegedly lost 12.7 million yuan ($ 1.89 million) in China’s biggest crypto mining fraud in 2018 which was initiated by a notable photovoltaics (PV) company, blockchain-focused media 31 Degree North Latitude Pro reported on Feb.20. Rijing Photoelectric (青海日晶光电有限公司), located in Delingha, northwest China’s Qinghai Province, was hailed as a key player for Qinghai’s PV industry with strong...

Post
Bitcoin Mining Power Battle About To Be Started In Sichuan

Bitcoin Mining Power Battle About To Be Started In Sichuan

Every year around April, when the ice high up in the mountains of China South western’s province Sichuan starts melting, over 1,400 rivers in the area become more and more active and lead the water to lower points. In Chinese referred to as 丰水期 (Fēng shuǐ qī), the abundance of water is driving the 3,267...

Post
Mining Pool of China’s Oldest Bitcoin Exchange BTCC Faces ‘Indefinite’ Closure

Mining Pool of China’s Oldest Bitcoin Exchange BTCC Faces ‘Indefinite’ Closure

BTCC Pool, the mining operation of Hong Kong-based cryptocurrency exchange BTCC, will close “indefinitely” at the end of this month, a statement from the firm confirmed Nov. 6. BTCC Pool, which began mining activities in 2014, is shutting down due to unknown “business adjustments,” the company wrote, without giving details about the circumstances that led to the decision. Today’s statement reads:...

Post
China Bitmain CEO Announces New 7nm Bitcoin Mining Chip

China Bitmain CEO Announces New 7nm Bitcoin Mining Chip

China being really big in bitcoin mining, especially in Sichuan and Xinjiang Province, the bitcoin mining industry is having an exciting couple of days.  Just a day after Bitfury revealed a new 14nm mining chip called the Bitfury Clarke, Bitmain China has upped the ante with the announcement of a new 7nm application-specific integrated circuit...

Post
Big Investors Deny Involvement in Crypto Miner Bitmain’s Pre-IPO Funding

Big Investors Deny Involvement in Crypto Miner Bitmain’s Pre-IPO Funding

Tencent Holdings and SoftBank Group are both disputing their involvement in a widely reported pre-IPO investment round for Chinese cryptocurrency mining giant Bitmain. Reports on the firms’ participation in the funding effort first emerged among Chinese media in early August. Soon after, several outlets including CoinDesk, China Crypto News and other media platforms cited the...

Post
Chinese Region to Shut Down ‘Illegal’ Bitcoin Miners by September

Chinese Region to Shut Down ‘Illegal’ Bitcoin Miners by September

China’s Xinjiang Uyghur Autonomous Region is set to eliminate “illegal” bitcoin mining operations by the end of August, a government agency has confirmed to CoinDesk. Rumors first emerged online over the weekend after the leak of a government notice issued by Xinjiang’s Economic and Information Commission (EIC) indicating the authority was demanding that local utility...

  • 1
  • 2
?php /** * @package WordPress * @subpackage Magazilla * @version 1.0.0 * * Website Footer Template * Created by CMSMasters * */ $cmsmasters_option = magazilla_get_global_options(); ?>
?php get_sidebar('bottom'); ?>