block reward mining Archives

Global chip shortage hit block reward mining sector in China: report

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10 February, 2021

Global chip shortage hit block reward mining sector in China: report

The global chip shortage is disrupting production across a worldwide array of products, including automobiles, consumer electronics, and, yes, even...

BTC miner Bit Digital removes CEO and chairwoman following fraud charges

Tech

Steve Kaaru

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9 February, 2021

BTC miner Bit Digital removes CEO and chairwoman following fraud charges

Bit Digital, the BTC block reward mining firm facing fraud charges in New York, has announced changes to its management.

Ukraine plans nuclear-powered block reward mining facility

Tech

Ed Drake

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8 February, 2021

Ukraine plans nuclear-powered block reward mining facility

Ukraine’s Ministry of Energy is reportedly planning the mining center, which could consume as much as two to three gigawatts...

500.com to purchase another $8.5M worth of ASIC mining machines

Tech

Jacob Rozen

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5 February, 2021

500.com to purchase another $8.5M worth of ASIC mining machines

The NYSE-listed online sports lottery firm signed a definitive agreement to purchase 5,900 ASIC miners for 55.2 million yuan (around...

Hut 8 completes $11.8M financing for new ASIC mining rigs

Tech

Jacob Rozen

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28 January, 2021

Hut 8 completes $11.8M financing for new ASIC mining rigs

The Canada-based block reward miner will use the funds to provide a US$2.9 million deposit to purchase 5,400 new Whatsminer...

Bit Digital sued by investors over alleged fraud

Tech

Jacob Rozen

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28 January, 2021

Bit Digital sued by investors over alleged fraud

Block reward miner Bit Digital faces a class-action lawsuit in the Southern District Court of New York as investors are...

Nvidia considers restart of block reward mining GPUs

Tech

Jacob Rozen

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21 January, 2021

Nvidia considers restart of block reward mining GPUs

An Nvidia executive said if demand in the digital currency market picked up to a “meaningful” level, the company could...

TAAL completes phase 1 rollout of blockchain computer power at Alberta facility

Tech

Jacob Rozen

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19 January, 2021

TAAL completes phase 1 rollout of blockchain computer power at Alberta facility

The facility's opening highlights the difference between blockchain infrastructure companies that understand Bitcoin and support its adoption versus companies out...

Miner maker MicroBT rumored to be close to IPO

Tech

Ed Drake

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18 January, 2021

Miner maker MicroBT rumored to be close to IPO

The Chinese block reward miner manufacturer is preparing for an imminent initial public offering (IPO) that could see the firm...

Kentucky legislators unveil plan to attract block reward miners

Tech

Ed Drake

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15 January, 2021

Kentucky legislators unveil plan to attract block reward miners

Representatives Steven Rudy and Chris Freeland submitted a draft bill for consideration, which could see the state introduce measures designed...

Struggling online lottery firm announces move into block reward mining

Tech

Jacob Rozen

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14 January, 2021

Struggling online lottery firm announces move into block reward mining

Shenzhen-based and Nasdaq-listed firm 500.com has entered a definitive purchase agreement with an undisclosed party to buy ASIC mining machines.

Mining difficulty on BTC network hits record high

Tech

Jacob Rozen

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13 January, 2021

Mining difficulty on BTC network hits record high

Mining difficulty is a relative measure of the competitiveness for discovering blocks on the BTC network, rising and falling based...

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