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

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Iran Officially Legalizes Crypto Mining

The Iranian government recently approved digital coin mining. The announcement which was made on July 2019 by the country’s Economic Commission, has prompted authorities to find ways to control crypto mining within its current legal structures. Thanks to the country’s reduced electricity costs, mining has been thriving even before it was officially legalized. Mining Electricity Costs A…

August 14, 20190Comments

ByGrace Muthoni

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Mining Profits Sink as Values Decline, Many Platforms on Shaky Ground

The recent drop in values has created anxiety among many players in the crypto space, perhaps none more so than miners, many of whom have begun to experience losses for the first time. Mining is the underlying foundation for proof-of-work (PoW) cryptos, as it ensures decentralization and maintains consensus. Thus, the lack of profitability over…

November 19, 20180Comments

ByTrevor Smith

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Nvidia: Cryptocurrency Mining no Factor for Company Moving Forward

Nvidia, one of the world's largest chipmakers known for their affiliation with gaming studios and publishers, did enjoy a significant boost in sales last year, during the crypto craze which emptied the GPU shelves of many stores. All but the lowest-tier GPUs were sold out, and Nvidia saw this as an opportunity to create their…

November 18, 20180Comments

ByZoran Spirkovski

Bitcoin Technology

Curated blockchain and cryptocurrency news – Week 45

Welcome back to another week of our collection of the most interesting cryptocurrency and blockchain news stories. Google gets hacked on Twitter, Social good campaigns, a headmaster gets busted for stealing electricity to mine ETH, blockchain voting apps, an island state looking to create their own national cryptocurrency and more in this week's cryptocurrency and…

November 15, 20180Comments

ByZoran Spirkovski

Archive

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

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A Mining Firm Receives Bomb Threat for Making Noise

A Norwegian mining firm received a bomb threat on 11th August 2018, which was explicitly related to the amount of noise being produced as a result of mining. If you have ever lived near a mining rig, you must be aware that it happens to be one heck of a hardware and if several machines…

August 20, 20180Comments

ByAzeem Saifi

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Aluminum factories make great cryptocurrency mining farms

Alcoa, the company that invented aluminum smelting back in 1888 observes once again how one of their old operation sites is being overtaken by a bitcoin / cryptocurrency mining farm operation. Back in June, a company called CoinMint announced that it will invest $700 million in the New York economy in order to take over…

August 18, 20180Comments

ByZoran Spirkovski

Press Release

MiningMovement – Limited Pre-sale in crypto revolution!

MiningMovement is the premium proof of capacity service provider. Through years of experience, a broad range of IT knowledge and a variety of dealer connections, Mining Movement provides its community with PoC mining through hard disk storage. This is probably the revolution of mining nowadays, since almost everyone wants to hop on this trend. MiningMovement…

June 30, 20180Comments

ByKewl

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Coinmint To Invest $700 Million in Former NY Aluminium Plant

Coinmint has reached an agreement with the local authorities of Upstate New York’s Massena country. The New York Power Authority (NYPA) decided to support an initiative by NCDC, the Coinmint subsidiary North County Data Center, to open a bitcoin mining facility in the premises of the old aluminum smelting plant known as the Alcoa East Facility.…

June 17, 20180Comments

ByZoran Spirkovski