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Bitmain By the Numbers: An Inside Look at a Bitcoin Mining Empire

That Bitmain is a behemoth is hardly news.CoinDesk had previously reported that the cryptocurrency mining hardware maker brought in revenues of $2.5 billion in 2017 and $2 billion in Q1 2018, but with the publication on Wednesday of Bitmain’s draft initial public offering (IPO) prospectus – a step towards its much-anticipated listing on the Hong […]

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Crypto Mining Giant Bitmain Files for IPO, Opens Up the Company Books

As the company files for an IPO, it gives complete details on its corporate dealings, revenues and profits, as well as its operations across the globe.Beijing-based Bitcoin mining giant Bitmain has finally decided to go public by filing an IPO on the Hong Kong Stock Exchange (HKEX). Bitmain, embroiled in several controversies in the past, […]

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Bitmain CEO Announces New 7nm Bitcoin Mining Chip

The bitcoin mining industry is having an exciting couple of days.Just a day after Bitfury revealed a new 14nm mining chip called the Bitfury Clarke, Bitmain has upped the ante with the announcement of a new 7nm application-specific integrated circuit (ASIC) processor that it says offers better hashing power and energy efficiency over older models.The […]

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Firefox Plans to Block Crypto Mining Malware in Future Releases

Firefox, the popular Web browser, will soon begin automatically blocking crypto mining malware scripts as part of a wider performance-enhancing push.The Mozilla Foundation, the not-for-profit organization behind the open-source browser, said Thursday that it intends to block trackers and other “harmful practices” in upcoming releases.Some of these features, such as the anti-tracking function, are already […]

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Hydroelectric Dam in New York Repurposed as Crypto Mining Farm

A hydroelectric dam in eastern New York State is being converted into a dedicated crypto mining farm, taking advantage of low-cost, renewable energy, according to Dpw Holdings whose subsidiary is building the mining farm. Anteater miners, equipped with ASIC bitcoin mining chips developed by Samsung and Innosilicon, will be used on the site, the company […]

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Bitcoin May Be Down, But Miners Remain True

As Bitcoin faces downward market pressure, the price of the world’s most dominant virtual currency is likely to have crossed below the break-even point for crypto miners, according to most analysts. This, however, has not stopped their activity as the cryptocurrency mining industry is in it for the long haul.Bitcoin Miners Keep on Activity Even […]

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A New Bitcoin Mining Calculator Aims to Tell ‘Truth’ on Profitability

“We joke about it being bitcoin’s ‘unprofitability’ calculator.”That’s how CEO of RandomCrypto, Josh Metnick, described his newly released tool that calculates the profitability of bitcoin mining – the process of solving puzzles to earn bitcoin, usually only possible with expensive processors called ASICs.Revealed exclusively to CoinDesk, Metnick hopes the new calculator will improve on other […]

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Crypto Startup Introduces Alternative Mining Method for Entry Level PCs

Cryptocurrency mining, while also being an integral part of many blockchain networks, has become a source of profit and business for exclusive crypto firms. The recently-founded HoneyMiner startup is attempting to make mining more accessible to a wider array of consumers, by providing users, like you or I, with an innovative new platform.HoneyMiner: The New […]

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Google Co-founder Sergey Brin Reveals he is Mining Ethereum

Co-founder of Google and President of Alphabet, Sergey Brin, revealed he is mining Ethereum with his son at a summit hosted by Sir Richard Branson on July 8. The panel also spoke on the potential of zero-knowledge proofs which underlie the privacy option of Zcash.Blockchain is a “Tremendous Opportunity”Sergey Brin, who has an estimated net […]

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