At least one major tech-sector analyst is predicting a serious decline in sales for graphics card manufacturers in the second half of 2018, and they’re pointing the blame squarely at Bitmain. In a report to clients released today, Susquehanna analyst Christopher Rolland explained that recent demand for both AMD and Nvidia GPUs has been largely […]
Location is everything when it comes to cryptocurrency mining. If a city or town has naturally cool weather and ready access to inexpensive electricity, it’s only a matter of time before bitcoin miners start setting up shop there. In the case of the Canadian city of Medicine Hat, Alberta, the area’s innate appeal to cryptocurrency […]
Over the past several years, the nation of Iceland has become a hotbed of activity for cryptocurrency mining. With a naturally cold climate (averaging just under 60°F in summer) and ready access to cheap geothermal electricity, the island nation is often seen as an ideal location for large bitcoin mining facilities. As in most countries, […]
Earlier this week, Virginia-based cryptocurrency mining company BCause LLC was awarded a $500,000 grant by Virginia Beach as part of a deal to keep the company’s operations and headquarters in the city. The company, founded in 2013, is currently in the process of moving into an 84,000 square feet facility, with an estimated $64.8 million […]
Since July 12, bitcoin miners have had a much-needed break from the relentless growth in the mining difficulty. As one of the key metrics determining just how profitable a mining operation is, and a relative measure of how much competition there is to solve the next block in the block chain and gain a 25 […]
Strange things are afoot in the bitcoin mining world. The overall hashrate of the network made a gigantic leap today, climbing from an already impressive 171 petahashes per second to an incredible 206 petahashes per second in a matter of hours. For perspective, bitcoin only crossed the 1 PH/s threshold in September of 2013. Put […]
Ask any bitcoin miner about the constant grind of mining difficulty increases, and you’ll rarely hear anything positive. From the miners’ perspective, a rapidly rising difficulty doesn’t mean that the network is growing healthily and becoming more secure, it means that their already thin profit margins will be taking another hit. A single, double-digit jump […]
Few organizations in the bitcoin community have been the subject of such heated debate as GHash.io. On the one hand, GHash has created one of the most user-friendly, efficient and low payout-variability pools in the cryptocurrency world, leveraging their own dedicated cloud mining system to encourage high rewards for independent contributors. On the other, GHash […]
CoinDesk reports that an unnamed researcher working with the National Science Foundation (NSF) has been barred from working with the program after it was revealed that the researcher had been using federally funded supercomputers to mine bitcoin. According to a March report by the NSF Office of Inspector General (OIG), the researcher used more than […]
Texas-based Bitcoin miner company CoinTerra announced the release of their 1,000th machine on Friday. According to the company, their hardware now powers around 6% of the entire Bitcoin network, and accounts for 1.7 petahash of overall network performance. The company launched its highly anticipated terahash mining rig, the TerraMiner IV, last month. Although the rig […]