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Tag: Bitmain

Could This Be the End for Bitmain?

Category: Altcoins, Bitcoin, Mining, News, Tech

Could This Be the End for Bitmain?

It has not been a good year for cryptocurrency mining manufacturing giant Bitmain, as the company is suffering from inventory losses, a lack of new manufacturing and the dwindling crypto mining market, a Bloomberg report on 18 September 2018, revealed. Bitmain Forgot the Rule for Selling Shovels The world’s largest cryptocurrency mining rig maker is facing a tough year, as…

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”Ghost Town” in British Columbia Eyes Revival as Bitcoin Mine Comes to Town

Category: Adoption, Bitcoin, Business, Mining, News, Regulation

”Ghost Town” in British Columbia Eyes Revival as Bitcoin Mine Comes to Town

The town of Ocean Falls in British Columbia, Canada, is set to become yet another example of a rejuvenated small town with a new crypto mining facility in town. A report on September 4, 2018, shows that after four long decades of little to nothing happening, the fortuitous presence of cheap hydroelectric power has attracted a bitcoin miner to town,…

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Bitmain-Owned Mining Giant BTC.com Launches Ethereum Mining Pool

Category: Altcoins, Ethereum, Mining, News, Tech

Bitmain-Owned Mining Giant BTC.com Launches Ethereum Mining Pool

After building a formidable bitcoin mining empire that at one point reportedly controlled 51 percent of bitcoin’s hashrate, Bitmain is now moving into the Ethereum mining space through its subsidiary BTC.com. An August 30, 2018 report in The Next Web lays out how Bitmain and BTC.com are going about executing a new phase of their strategy to take over the…

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Chinese Bitcoin Mining Rig Makers Set to Make Billions with IPO Plans

Category: Altcoins, Bitcoin, Business, Finance, Investment, News

Chinese Bitcoin Mining Rig Makers Set to Make Billions with IPO Plans

The big three in the world of bitcoin mining equipment manufacturers are all planning to list in Hong Kong and raise billions of dollars in the process. An August 27, 2018, Reuters report examined how Bitmain, Canaan Creative, and Ebang are going about their billion dollar IPO plans. At a time when other participants in the space are reporting low…

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Beijing-Based Bitmain Loses Its Edge, While BitMEX Rents out the World’s Most Expensive Office

Category: Altcoins, Bitcoin, Business, Mining, News

Beijing-Based Bitmain Loses Its Edge, While BitMEX Rents out the World’s Most Expensive Office

Bitmain, China’s cryptocurrency mining manufacturing giant will be facing fierce competition from makers of rival cryptocurrency mining equipment. While the company eyes a landmark initial public offering (IPO), Bitmain may be in trouble as the demand for cryptocurrency mining falls and new competitors emerge in the market. Although the cryptocurrency mining industry faces difficult times ahead, BitMEX is, however, performing…

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Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out

Category: Altcoins, Bitcoin, Business, Mining, News

Nvidia Says its Crypto Businesses is Never Coming Back, Officially Out

In a second-quarter earnings call, Nvidia CEO Colette Kress has said that the revenues from its cryptocurrency venture have declined to a point in which the chip manufacturing conglomerate will now have to back out from the crypto sector. $100 Million to $18 Million In early 2018, Nvidia expected its cryptocurrency mining equipment manufacturing venture to bring in at least…

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Mining Giant Bitmain Faces “Exit Scam” Allegations ahead of IPO

Category: Altcoins, Bitcoin, Business, Finance, Investment, News

Mining Giant Bitmain Faces “Exit Scam” Allegations ahead of IPO

Bitmain, the Chinese mining conglomerate, is raising eyebrows ahead of its IPO in August 2018 after critics pointed out the firm is holding vast amounts of Bitcoin Cash (BCH). The company’s founder, Jihan Wu, is a popular proponent of the controversial Bitcoin hard fork. Bitmain’s BCH Woes On August 11, 2018, Blockstream CSO Samson Mow tweeted a post detailing Bitmain’s…

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Bitmain Goes After Canaan With Crypto Mining Wifi Routers

Category: Mining, Tech

Bitmain Goes After Canaan With Crypto Mining Wifi Routers

Bitmain Technologies, the world’s largest manufacturer of bitcoin mining rigs has launched a new range of dual function crypto mining equipment for dashcoin and siacoin as it seeks to retain the initiative in an ongoing battle for market share with other makers. The company announced the R3-DASH and R3-SIA as the latest additions to its flagship Antminer range through Antimer’s…

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Vitalik Buterin’s Seven Deadly Crypto Sins: Bitmain and 51% Attacks

Category: Altcoins, Bitcoin, Blockchain, Cryptocyclopedia, Ethereum, Mining

Vitalik Buterin’s Seven Deadly Crypto Sins: Bitmain and 51% Attacks

In the following series, BTCManager will be walking through, in detail, seven questions posed by the co-creator of Ethereum. These seven questions are some of the most relevant features of this booming ecosystem. From mining, as in this week’s installment, to governance and everything in between. The series was inspired by a discussion between Buterin and a WeChat group called…

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Central City Rockdale Reinvents Itself from Mining Coal to Mining Bitcoin

Category: Bitcoin, Business, Mining, News

Central City Rockdale Reinvents Itself from Mining Coal to Mining Bitcoin

Rockdale, a town in central Texas, has made headlines due to plans of converting their town from mining coal, into mining bitcoin according to local reports on July 20, 2018. Bitmain Invades, Again In a post-industrial society, many areas that relied on the extraction of raw resources such as coal are beginning to face an economic struggle. Luminant, Texas’s largest…

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