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Blockchain Life 2019  •  

# bitcoin mining News

The reports of China looking to ban Bitcoin mining could take many years to implement. However, the proposed plan is further proof of Beijing’s anti-cryptocurrency stance as the country appears to eliminate all forms of crypto-related activities. China Wants to Eliminate Bitcoin Mining China’s National Development and Reform Commission (NDRC)...
Hut 8, a Canadian Bitcoin mining firm has laid off more employees, citing poor revenue figures due to the prolonged cryptocurrency bear market of 2018. The Canadian Broadcasting Corporation (CBC) reports that it is the second round of staff cuts, following layoffs earlier in January 2019, as the company reportedly...
Japan-based financial services giant SBI Holdings on March 22, 2019, announced that it has established a new cryptocurrency mining sister company named SBI Mining Chip Co. Ltd. (SBIMC). The newly christened company will manufacture and develop crypto mining chips and mining equipment. Strong Leadership to Lead the Company In a...
January 31, 2019 by at News
American GPU manufacturing company AMD released their Q4 2018 financial results January 29, 2019; whilst the company recorded the best results in the past seven years, AMD expects their Q1 2019 figures to take a dip partly because of the near “non-existent” demand from cryptocurrency miners. Sinking Demand Bites AMD...
January 26, 2019 by at Bitcoin, Commentary, Finance, Mining, News
The drop in the price of Bitcoin has rendered a large percentage of mining operations unprofitable, with only low-cost mines in China operating without losses, Bloomberg reported on January 25, 2019. Diminishing Returns The plummeting price of almost all cryptocurrencies has affected every sphere of the crypto industry, with everyone...
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