Bitcoin Mining

Iran government grants license for operation of a 6000-Rig Mining Plant

Iranian authorities granted a license for cryptocurrency mining company iMiner to operate in the province of Semnan. With 6,000 rigs, Turkey-based iMiner's setup would purportedly make it one of the largest crypto miners in the country. According to a...

Binance launches mining pool as community fears the centralization of hash power

Changpeng Zhao owned cryptocurrency exchange Binance launched its mining pool "Binance Pool" on Monday. The crypto community is concerned over the increasing centralization of the hashing power. Binance pool will operate with zero fees until the end of the...

Bitcoin miner manufacturer Ebang files a $100 million IPO in US

Bitcoin mining chip producer Ebang has filed for a $100 million IPO in the United States. The firm is seeking to distribute Class A ordinary shares at face value of $0.00013 per share. Ebang plans to list on either...

Bitcoin mining difficulty approaching all time high with halving upfront

Bitcoin mining difficulty is on the rise as miners are facing hindrances in mining. After recording the most significant percentage change in over six months, the network currently expected to hit a new level of difficulty.  According to statistics from...

Crypto mining firm warns that global pandemic may harm its business

The CEO of Hut 8 Mining Group Andrew Kiguel said his firm was grappling with a vague timeline for the delivery of crypto mining machines to support its farms. He noted that the orders placed in February were expected...

Bitmain claims victory in a lawsuit filed against its former partners

Chinese crypto mining equipment manufacturer is always in the news for one reason or the other. Over the past year, Bitmain has witnessed a failed IPO, in-fighting at the highest levels, and mass employee layoffs. But the company finally...

Bitmain refunds buyers who bought bitcoin miners before price cuts

Bitmain announced on Tuesday that buyers of its AntMiner S17+ and T17+ mining equipment with delivery dates between mid-February and the end of April would receive coupons worth from $17 to $272 per unit. Bitmain's decision reflects the impact...

Post Halving – Miners not interested in BCH anymore

As the world witnessed the Bitcoin Cash halving, the investors and even the Miners have started to dump BCH and switch over to Bitcoin as it might prove to be much more profitable. As of the 8th of April, Bitcoin...

Texas Cloud Mining Company shut down after Fake charity pitch

The Texas State Securities Board (1) has taken immediate actions on a BTC mining firm, which resulted in a cease and desist order. This was filed against Ultra Mining firm by TSSB and Alabama Securities. The firm accused of...

Latest News

Nigeria central bank governor claims digital currencies are not legitimate money.

The Central Bank of Nigeria has defended the recent ban on digital currencies, saying it was in the best...