Most Bitcoin enthusiasts will be familiar with the company known as Bitmain. Behind the scenes of that mining hardware manufacturer, things are heading in a very interesting direction all of a sudden. It seems as if Bitmain is falling apart at the seams. The Bitmain Power Struggle is far From […]
Tag: Bitmain
Bitmain Allegedly Lines up new CEO to Replace Jihan Wu
There are always some developments taking place behind the scenes of the cryptocurrency world. Although the following rumor has not been officially confirmed by the company in question, it would appear there is some genuine mainstream media attention for this development. It would appear Jihan Wu is stepping down as […]
Bitcoin Price Watch: Crypto Businesses Suffer as Price Continues to Drop
At press time, the father of crypto is trading for just over $3,700. This is a slight ($200) drop from where it stood during our previous price article, though the currency does appear to be settling down a bit. In addition, most cryptocurrencies reported minor losses throughout the Christmas holiday, […]
Bitcoin Cash Struggles At $165, Volume Halves As Key Ally Looks Shaky
Bitcoin Cash has been on the news for the past two months, both for positive and negative reasons. However, in the past two weeks, the currency made one of the fightbacks of the year, hitting $230 on December 21. However, the currency couldn’t maintain the momentum and at press time, […]
Bitcoin ABC Still Leads But Bitcoin SV Is Catching Up, Both Mining At Losses
Bitcoin Cash went through its hard fork on Thursday, November 15 at 17:52 UTC after the mining of block number 556,767. Almost two days later, the two factions that remain are Bitcoin ABC and Bitcoin SV. While SV had the lead in mining power before the split at over 70 […]
Jihan Wu Loses Control of Bitmain as IPO Documents Indicate Profit Figures Were Hyped
Bitmain has dominated ASIC manufacturing since it was founded in 2013. One man has been at the forefront of this domination, leading the company into the giant that it is today; Jihan Wu. However, it may not be so for much longer, with a Chinese publication revealing that a recent […]
Digital Currency Group Leads As VC Investment In Blockchain Startups Rises 300%
Investing in the blockchain and cryptocurrency industry may have gotten more complicated over the years as regulations have tightened, but this has done little to discourage venture capital firms. According to a new research, VC investment in the industry has nearly tripled in the first three quarters of 2018 compared […]
Siacoin Rejects Bitmain and Innosilicon ASICs Through Future Hard Fork
Siacoin has been a rather interesting cryptocurrency to keep an eye on throughout 2018. Not because of its price movement, as that has been in line with all other bearish markets. Instead, there has been an ongoing debate as to whether or not the project needs to fork its code […]
Bitcoin Price Watch: Week in Review for the Leading Figure of Crypto
At press time, the father of cryptocurrency is trading for just shy of $6,600 ($6,575). This is about $100 less than where it stood yesterday. It is unclear if this is some sort of correction attempt on the currency’s part. As we near the end of the week, it’s interesting […]
Bitcoin Price Watch: Currency on the Rise, Puts Bears’ Power in Doubt
At press time, the father of cryptocurrency is back up at $6,600. This is $100 higher than where it stood yesterday and about $300 higher than where it was at the beginning of the week. Thus far, the currency seems on the rise again, and many are wondering if the […]
World’s Largest Crypto Mining Firm Bitmain Releases Financial Results, Plans To List In Hong Kong
The price of Bitcoin may have come tumbling down this year, but the world’s largest crypto mining hardware manufacturer has continued to rake in the big bucks. Bitmain released its financial results revealing that it had generated $2.8 billion in revenue in the six months ending June this year. The […]
Bitcoin Cash Price Registers a 20% Gain – Bitmain IPO and Gemini Hype
After experiencing a 20% gain in the past 24 hours, Bitcoin Cash price is trying to break through the $540 resistance level. Currently trading at $531, BCH is holding the current levels with relative ease. Gemini announcement As noted in our previous BCH price analysis article, one factor that could […]
Canaan Creative Launches the First-Ever Bitcoin Mining TV Set
Chinese crypto mining hardware manufacturer Canaan Creative has announced the launch of the world’s first-ever Bitcoin mining television set. The Beijing-based company believes the new television set will be in high demand as crypto miners seek to leverage its advanced technology and explore new crypto mining avenues. Known as the […]
Bitmain Made $1B in Q1 Profit, Valued at $14B
The crypto mining business has become a multi-billion dollar industry, and one company has had the lion’s share. Bitmain Technologies has dominated the mining hardware manufacturing industry, and according to a new report, the firm is now valued at over $14 billion. The report further revealed that the Beijing-based firm […]
Armstrong, Vitalik and Wu Lead a Crypto Sweep of Fortune’s 40 Under 40
Fortune’s ranking of top individuals and entities globally is always awaited eagerly as the world seeks to know who the top influencers and innovators in the world are. And now for the first time ever, the publication created a list of the top 40 under 40 individuals who are leading […]
Bitcoin Price Watch: Currency Spikes to Nearly $7,300
At press time, the father of cryptocurrency has jumped to $7,327. This is a massive increase from yesterday’s price, and a clear sign that bitcoin is strong enough to handle present resistance, which is set at roughly $6,800. Granted the currency can step beyond that level, we are likely to […]
Bitmain Announces a Beefier Z9 Equihash ASIC Miner
Bitmain has introduced a lot of new ASIC miners over the past twelve to eighteen months. Most of those devices have been met with a fair amount of scrutiny, mainly because they facilitate mining centralization. The Antminer Z9 is the bigger sibling to the Z9 Mini. For currencies using the […]
Is Bitmain’s New Hardware Going to Destroy GPU Mining?
The Bitmain Antminer Z9 Mini could be a game changer in the world of cryptocurrency mining, as the specs on this piece of mining hardware far outclass even the best GPU miners on the market. The name alone gives us a clue about what’s coming. Since this is the “mini” […]