Tag: China

A New Bitcoin World

Bitmain Launches Low-Cost Special Edition Antminer S9

Bitmain Launches Low-Cost Special Edition Antminer S9On Monday, June 17, the Chinese mining rig manufacturer Bitmain Technologies announced the launch of a low-cost miner called the Antminer S9 version SE. The new 16 terahash per second (16TH/s) S9 SE is $350 per unit and the launch celebrates the company’s most popular product, the original S9. Also read: Report Insists ‘Bitcoin Was […]

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June 18, 2019 0

Study: Publicly Listed Chinese Firms Quietly Participate in Bitcoin Mining

Study Shows Publicly Listed Firms in China Quietly Participate in Bitcoin MiningAccording to regional reports, a few publicly listed Chinese companies have been secretly mining bitcoin by pretending to provide cloud or web hosting services. Moreover, recent studies have revealed a growing trend of mystery miners processing the BCH and BTC networks at the same time as these firms have been running undercover mining operations in […]

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May 29, 2019 0

Why a Global Recession Would Be Good for Bitcoin

Macro trends suggest that a global economic crisis could be looming. Worries about a global recession have been fed by the newly published GDP report showing that China grew at its slowest rate last year since 1990. If a global recession were to happen in the future, many believe that cryptocurrencies, bitcoin primarily, would benefit. […]

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January 24, 2019 0

1 in 7 Chinese Have Invested in Cryptocurrency 

A survey conducted by Panews has found that 14% of Chinese citizens have invested in cryptocurrencies. The survey also found that 98% of respondents indicated familiarity with the concepts of cryptocurrency and bitcoin – 3% more than those who stated that they had heard of blockchain technology. Also Read: Skeptical Payoneer CEO Dismisses Idea of Single […]

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December 30, 2018 0

How Crypto Miners Are Adapting to Survive the Bear Market

Vietnamese Stop Importing Bitcoin Mining Rigs as Import Ban LoomsIn the current crypto bear market, miners have been battered due to the depreciation of digital assets, leaving many operations struggling to generate profit. In some cases, miners have been forced to exit the business altogether. In their absence, a number of experienced miners are capturing the bulk of the market share, according to one […]

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December 17, 2018 0

Miner Goes Bankrupt, Manufacturers Stuck With Inventory, Rigs ‘Sold By Kilo’ as Scrap

Miner Goes Bankrupt, Manufacturers Stuck With Inventory, Old Rigs Sold for ScrapsIn our latest roundup of mining-related news, we look at a few examples of the knock-on effect that the current cryptocurrency bear market is having on the global mining industry and its main hardware suppliers. Also Read: US Bank That Serves 483 Cryptocurrency Companies Is Seeking an IPO American Mining Operation Goes Bankrupt Giga Watt, a […]

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November 22, 2018 0

Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in Cryptocurrency

Regulations Roundup: Chinese Mining Farms Undergo Tax Inspection, Michigan Bans Campaign Donations in CryptocurrencyIn recent regulatory news, we report on an authorized mining company in China that has had its operations temporarily halted for tax inspection and implementation of real-name registration processes. We also look at the Michigan Secretary of State’s ban on crypto-based political donations, as well as the recent certification of X8’s stablecoin for Shariah compliance. In addition, […]

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November 13, 2018 0

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development Options

Bitcoin Miners Flock to Paraguay as Country Weighs Its Social Development OptionsParaguay’s Itaipú Dam, one of the largest hydroelectric facilities in the world, is supporting bitcoin and ethereum mining in a city on the country’s border with Brazil and Argentina. These efforts have already spawned a number of new cryptocurrency businesses, creating multiple millionaires, but an ongoing reassessment of the dam’s developmental potential could spell boom or bye […]

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November 6, 2018 0

Trump Tariffs to Impact Chinese Mining Hardware Manufacturers

Trump Tariffs to Impact Chinese Mining Hardware ManufacturersThe escalating U.S. – China trade war threatens to have an adverse impact on the operations of Chinese mining equipment manufacturers, with imports of mining hardware now facing stateside tariffs of more than 25 percent. Also Read: Former CFTC Chair Advocates ‘Tech Neutral’ Cryptocurrency Regulations  Harsh Hardware Duties In June, the Office of the United […]

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October 19, 2018 0

Study Argues Chinese Mining Centralization Poses Threat to Bitcoin Network

Study Argues Chinese Mining Centralization Poses Threat to Bitcoin NetworkA joint study conducted by Princeton University and Florida International University has found three-quarters of Bitcoin mining is based in China and warned of the potential risks that could result from the significant geographical centralization of the mining network. Also Read: Worst Cryptocurrencies of 2018 Have Left Some Heavy Bagholders  Researchers Argue China is the “Most […]

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October 14, 2018 0