U.S. City Ephrata Ban on New Cryptocurrency Mining
Ephrata joined the ranks of Grant County cities temporarily banning cryptocurrency development after the city council voted Wednesday to block new cryptocurrency operations for the next 12 months. “A moratorium means taking a break,” council member Kathleen Allstot said. “This is a one year break. … We wait to see what’s going, make sure this […]
Bitmain Likely Lost $400 Million Last Quarter
Bitcoin mining behemoth Bitmain likely posted a net loss of nearly $400 million last quarter, the China-based firm’s recently-filed public offering documents reveal. Much information about the company is redacted in the public versions of those filing documents, but, according to a thorough analysis published by BitMEX Research, there is enough data to glean that Bitmain […]
Squire Announces Samsung Electronics as Foundry Partner to Manufacture ASIC Chips
The company Squire Mining Ltd., has announced the business partnered with two leading firms from Southeast Asia, Gaonchips and Samsung Electronics: Squire Mining Ltd. (CSE: SQR; OTCQB: SQRMF) is very pleased to announce Gaonchips as our design house and Samsung Electronics as our chosen foundry partner to manufacture our ASIC chips in Korea. On August […]
Ebang Announces New Miners With 10nm Chips
The China-based Ebang Communication, one of the largest ASIC mining chip makers in the region has announced a new series of mining rigs this week at the World Digital Mining Summit in Tbilisi, Georgia. Ebang has revealed three new bitcoin mining rigs for its Ebit Miner E-11 series that claims to boast hashrate speeds between […]
Asian Demand High for Bitcoin Futures
Don Wilson, founder of high-speed trading firm DRW, said bitcoin derivatives trading in Asia hours is almost equal to the volume he’s seen in the U.S., something he says is an anomaly when compared to other financial instruments. Wilson discussed his observations on cryptocurrency trading trends and his view on the future for the technology. Referencing […]
Ethereum’s Constantinople Hard Fork to Activate on Testnet in October
Ethereum’s upcoming hard fork, Constantinople, will activate in a testing environment next month, core developers agreed on Friday. Speaking in a bi-weekly video call, developers said the upgrade will activate around October 9 on a cross-client testnet, named Ropsten, which mimics the conditions of the ethereum network itself. However, due to the unpredictability of block confirmation times […]
Bitmain’s Permissionless Ventures Launches First Project
Cryptocurrency mining hardware giant, Bitmain, is sponsoring a Bitcoin Cash (BCH) hackathon in the United States — San Francisco, to be exact. For the China-based company, BCH Dev Con is the first project financed by its $50 million fund, Permissionless Ventures (PV). Arguably one of the most successful companies in the ecosystem, the crypto mining […]
Ripple Small Win Against Investors Claiming XRP Is a Security
Ripple’s efforts to consolidate multiple lawsuits filed against it are proceeding successfully. Ripple, which has been sued by a number of parties claiming the XRP token it uses to power some of its products is a security, has been pushing to have the various class action lawsuits against it combined, or at least coordinated, to […]
U.S. Senator Warns Closing Montana Coal Plant Will Hurt Bitcoin Mining Industry
The junior United States Senator from Montana, Steve Daines, has warned that the planned closure of a coal power generator could harm the booming bitcoin mining business in the state. According to KULR-TV, all the four units of the Colstrip coal plant located in Rosebud County are expected to shut down by 2027. In Senator […]
Alarm Over Bitcoin Mining
The amount of electricity consumed by bitcoin mining is not the global environmental crisis it is often portrayed to be. This is the professional assessment of Dr. Katrina Kelly-Pitou, a research associate in electrical and computer engineering at the University of Pittsburgh. ‘New Technologies Are Energy Intensive’ Writing in an article penned for non-profit academic media outlet […]
BITMAIN GOES WEST
Who would have imagined that cryptocurrency mining would be the key to making a former coal mining town in America great again? That’s exactly what is happening in Rockdale, Texas, a small Central Texas town of 5,861 that has endured economic troubles since the last coal-fired power plant and mine closed in January 2018. According […]
