Chinese BTC Miners Can Oust Western Competition

Over the past 30 days, miners have been coming back to BTC in troves, and on Jul. 8, broke the all time record of 126 Exahashes. One reason behind the spike is the implementation of the latest mining hardware as a response to the increased difficulty-to-reward ratio caused by the halving event in May. Newer…

July 11, 20200Comments

ByZoran Spirkovski

Bitcoin

Bitcoin miners are facing a “The Purge”-like event

With the Bitcoin halving behind us, we are now starting to see the first effects of the reduced mining rewards on Bitcoin miners. According to Glassnode, a blockchain data and intelligence provider miners have stopped selling their generated Bitcoin. In fact, miner outflow is at it's lowest level ever. Disclaimer: This article is not financial advice.…

June 6, 20200Comments

ByZoran Spirkovski

Bitcoin

Bitcoin Miner Manufacturer Canaan reports $148M USD Losses in its first public earnings report

Canaan Creative, the manufacturers of the Avalon Bitcoin miner series have published their first earnings report since the company's public stocks sale in the USA, on Thursday, April 9th, as initially reported by Coindesk. During it's IPO in November 2019, the company raised $90M USD selling 10,000,000 stocks for $9 each. Now investors have lost…

April 13, 20200Comments

ByZoran Spirkovski

News

Curated blockchain and cryptocurrency news – Week 50

Weekly Bitcoin Price Chart The end of the week leads straight into a small rally, which may or may not last. The reasoning behind the rally is the fact that Blockstream launched a satellite that broadcasts the Bitcoin blockchain on the 17th of December, which received good media coverage and impressed a lot of people. …

December 18, 20180Comments

ByZoran Spirkovski

More Platforms are Implementing Hard Forks to Fight ASICs

The months-long decrease in market values has done little to slow crypto development, and more than ever corporate and enterprise players are controlling Proof-of-Work (PoW) mining. The primary tool of these institutions is application specific integrated circuits (ASICs), the use of which is one of the most contentious issues in the crypto space. Platform teams…

October 23, 20180Comments

ByTrevor Smith

Opinion

What the F**k do They Know about Blockchains?

On July 3rd, Bloomberg reported on Bitcoin mining in Iceland. Authors Ragnhildur Sigurdardottir and Nick Rigillo talked to Johann Snorri Sigurbergsson, who is a Business Developer at "HS ORKA", the main power provided for the cryptocurrency mining operations on the island. And although you talk about cryptocurrency and blockchain as a fad Bloomberg, we forgive you. They speak…

July 5, 20180Comments

ByZoran Spirkovski