MiningRasmus Pihl

All news Mining
Report Reveals Crypto Mining Giant Bitmain Lost $625M, Profit Expected in April
The China-based crypto mining equipment manufacturer Bitmain reportedly lost $625 million during the first two months of 2019. This is at least if a fresh report from a local media outlet is to be believed. Bitmain reportedly lost over half a billion in two months This news was first covered by the Chinese, Tencent-run news outlet QQ on August 2nd. Bitmain is one of the most well-known manufacturers of so-called…
All news Mining
Chinese Bitcoin Mining Giant Reportedly Files First US Crypto Mining IPO
A fresh report suggests that the Chinese Bitcoin mining behemoth Canaan Creative has submitted an IPO in the USA. This would make Canaan Creative the first Chinese crypto mining company to file for an IPO in the US. Some are speculating that this may be an example of crypto mining firms rebounding. Has Canaan Creative won the “crypto mining IPO race”? The rumor that Canaan Creative may have filed for…
51% Attack on Bitcoin Cash blockchain
All news Mining
Did Two Miners Execute A 51% Attack on Bitcoin Cash?
A fresh report is alleging that two miners recently executed a 51% attack on the Bitcoin Cash blockchain. Specifically, the two mining pools are said to have performed the attack to stop a third party from taking advantage of a security hole left in place by a code update. BTC.top and BTC.com reportedly performed the 51% attack  This news was shared in a series of tweets on May 24th by…
China Economic Planner Considers Ban on Cryptocurrency Mining
Mining
China Economic Planner Considers Ban on Cryptocurrency Mining
This Monday, China’s National Development and Reform Commission (NDRC) published a paper including undesirable economic activity that the Chinese government wants to see phased out. Perhaps most notably, Bitcoin mining is included among these activities. China is the largest crypto mining market in the world Furthermore, this comes as China is currently the largest market in the world for cryptocurrency mining hardware – even though this is an industry which…