Nasdaq-listed Bitcoin miner hit by coronavirus, records a 50% drop in revenue

The Bitcoin industry has not been spared from the ill-economic effects of the ongoing coronavirus pandemic. According to a recent filing with the US Securities and Exchange Commission, Bitcoin mining giant Ebang reported a 50% drop in its revenue for the first half of 2020, with the report coming after quarters of otherwise strong growth […]

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Bitcoin mining faces no threat from China, here’s why

The Chinese state does not present a long-term threat to Bitcoin, a well-known developer wrote in a blog this week. China is not a threat to Bitcoin Jameson Lopp, founder of Casa Wallet and a Bitcoin contributor, said Chinese miners do not pose a threat to Bitcoin. His post came amidst long-held fears of centralization […]

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Mining pool co-founder on Bitcoin mining centralization, ‘death spirals’, and money printing

CryptoSlate recently sat down with Ethan Vera, the CFO of Luxor Mining Pool and a former investment banker at Goldman Sachs. At Goldman Sachs, he worked on the firm’s blockchain team. We talked about a number of subjects, including Bitcoin mining centralization, how money printing affects cryptocurrency, and why the much-fabled BTC mining “death spiral” […]

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Bitcoin mining difficulty reaches historic highs—and analysts say it’s bullish

Bitcoin’s mining difficulty saw a 10 percent upward adjustment today, causing hash rates to reach a historic all-time high of 17 trillion. Changes in mining difficulty alter the environment for Bitcoin miners, causing many to either leave the business or purchase better rigs to continue. The activity has set off a proprietary indicator used by […]

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Fidelity Investments invests big in Bitcoin mining as institutions want crypto

In June, $2 trillion asset manager Fidelity Investments published a report on institutional investment in the Bitcoin and crypto industry. The Wall Street giant found that “digital assets are gaining in favorability and appeal amongst institutional investors, with almost 80% of investors surveyed finding something appealing about the asset class.” Fidelity also found that 36 […]

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Why a crypto mining company’s IPO is unlikely to be successful

The Chinese-based Bitcoin mining giant Ebang is the latest crypto company to list on the public markets. Debuting on the Nasdaq with a $685 million evaluation, the company was able to raise over $100 million. Its stock price has seen some turbulence since listing, as it appears that investors are conflicted as to what the […]

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Bitcoin miner outflows are showing signs of a weakening BTC market

This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. It was a long time coming. After Bitcoin’s May 12 halving event, many in the cryptocurrency community suggested weaker miners would move out of the market and leave much of the hash rate open to stronger players.  But, as the Bitcoin protocol […]

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Research shows mining meme coin DOGE is more profitable than Bitcoin Cash and others

Bitcoin and Ethereum miners are pocketing over 99 percent of all fees generated by the broader crypto-mining ecosystem, on-chain analytics firm Messari said Friday. However; high fees do not mean a positive for a blockchain network. BTC and ETH could be profitable for miners, but expensive for end-users who are likely to choose cheaper alternatives […]

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“Miners don’t care,” says Ethereum dev as proposal to increase ETH scalability floats

A tweet by Bitfly, the parent firm of Ethereum mining pool Ethermine, stirred up debate over the weekend after the firm revealed miners are voting to increase GAS limit from 10,000,000 to 12,500,000 each block. The broader Ethereum community was immediately divided on the matter, with most taking to Twitter to voice opinions. Ethereum to […]

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Here’s why Bitcoin mining could reduce to two players while China’s BTC dominance dies

This Exchange News was brought to you by OKCoin, our preferred Exchange Partner. A new report by Bitcoin trading giant BitMEX focussed on the BTC mining industry, exploring if three mining giants could IPO on U.S. markets and if China’s Bitcoin mining could grow. Both aspects, unfortunately, face negative consequences if current market conditions remain. […]

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