Norway Revokes Mining Subsidies, Bitmain Opens Washington Facility Norway will revoke electricity subsidies currently available to cryptocurrency miners at the start of next year. Also, Bitmain has opened a 12 megawatt data center in East Wenatchee, Washington, and Bitfury has announced new additions to its advisory board and board of directors.
Bitmain Layoffs are Bearish for Bitcoin Cash (BCH) and Litecoin (LTC) says Kyle SamaniBitmain recently made the news with reports stating 700 employees could be laid off by the mining giant. The mining giant recently confirmed that “staff adjustments” are underway.Bitmain employees have confirmed that over 50% of the staff will be laid off, but Samson Mow from Blockstream suggests th
Bitmain Confirms Layoffs, or What It Calls ‘Adjustment to Our Staff’On Tuesday (25 December 2018), according to a report in Coindesk, Chinese crypto mining giant Bitmain confirmed that it is restructuring itself in order to "build a long-term, sustainable and scalable business."In a statement given to Coindesk, a Bitmain representative said:“There has been some adju
Has Bitcoin Mining Ended?Because the bearish season still hit the cryptocurrency market, the Bitcoin mining industry has suffered because mining Bitcoin (BTC) has been unprofitable or rather the company faces losses due to the decline in Bitcoin prices.BitmainBitmain, a Bitcoin mining company based in China, experienced dif
ماینرهای جان‌سختی که در زمستان رمزارزی دوام آورده‌انددر بازار نزولی کنونی ماینر‌ها به دلیل کاهش ارزش دارایی‌های دیجیتالی سودآوری کمتری دارند. بسیار از آن‌ها کسب و کار خود را به منظور سودآوری تنظیم می‌کنند. برخی ماینر‌های خارجی نیز که توان رقابت خود را از دست داده‌اند مجبور به ترک این صنعت شده‌اند. ماینر‌های با تجربه در غیاب ماینر‌هایی که مجبور به ترک
Bitmain Releases Antminer S15, How it Stacks Up Against Competitors Bitmain has released (and already sold out of) its Antmimer S15 model traditional ASIC Bitcoin (BTC) miner. At a price of $1,475 per unit and a per-customer limit of two, it is comparably one of the better bargains as mining hardware goes. It clocks up to 23 terahash per second, meaning that 3-4
Bitmain halts development of its new mega mining facility being built in TexasThings haven't been going great for the once dominant mining company Bitmain. Jihan Wu is being replaced as CEO and the company has recently had to lay off many of its employees, and now Bitcoinist is reporting that the company has halted forward production of the so called "mega mining" facility it
Bitmain Woes Continue But Analyst Eric Conner Says Bitcoin Miners Won’t Affect The Crypto SpaceBy Bitcoin Exchange Guide News Team -January 15, 2019-Analyst Eric Conner Says Miners Don’t Affect Cryptocurrency Space As Bitmain Woes ContinueBitmain, of the biggest cryptocurrency mining companies, has struggled through the cryptocurrency bear market to a point of closing down an office in Tel Av
Bitmain to appoint new CEO, cancels plans for Texas siteChinese mining giant Bitmain is due to appoint a new CEO sometime soon. The firm is also cancelling its plans for a major new datacenter, which was to be established in the state of Texas.After dominating the mining market in late 2017/early 2018 and reporting close to $1 billion in profit, Bitmain'