Best Bitcoin Mining Comparison. Hashflare vs Genesis Mining
Bitcoin Cloud Mining Comparison List. Top Cloud Mining Contracts Reviewed

Posts Tagged ‘mining’

Will China Ban Crypto Mining?

On April 9, Reuters reported that a Chinese government agency is considering the elimination of crypto mining in the country. Given that China has been hosting the majority of mining pools on its soil, the global crypto industry might be poised to take a massive hit. However, the plan is not written in stone at…

Read More

China’s Proposed Bitcoin Mining Ban Would Be Good For BTC Price

China’s top economic planning body has unveiled its plan for future industrial structure, categorising industries as ‘encourage’, ‘restrict’ or ‘eliminate’. Top of the list of industries recommended for immediate elimination is bitcoin mining. But that’s really nothing to stress about. Playing ‘Kiss, Marry, Kill’ With The Crypto Industry So the National Development and Reform Commission (NDRC)…

Read More

China’s Economic Planning Body Labels Bitcoin Mining an ‘Undesirable’ Industry

A Chinese central government agency in charge of formulating macroeconomic policies is labeling bitcoin mining as an “undesirable” industry in a draft proposal, recommending local governments to eliminate the sector in the country. China’s National Development and Reform Commission (NDRC) published a draft proposal on Monday for revising the existing Catalog for Guiding Industry Restructuring,…

Read More

Illicit Crypto Mining Operations Are Punishable by Fine or Imprisonment

The secretary of Hong Kong’s Financial Services and the Treasury has stated that crypto mining operations are regulated by local trading law. His written response to Hong Kong’s Legislative Council was published on Wednesday, April 3. The Council has solicited information about the risks and fraudulent activities related to cryptocurrencies and underlying activity, such as…

Read More

Bitmain Eyes 2020 Bitcoin Block Halving as Pivotal Moment for Mining Fortunes

Embattled cryptocurrency mining giant Bitmain has allegedly hinted the release of its new mining hardware could hinge on the 2020 Bitcoin (BTC) block reward halving. The news was reported by English-language Asia news outlet South China Morning Post (SCMP) on March 27. Bitmain, which has seen a testing six months as market volatility triggered redundancies…

Read More

Russian Mining Giant to Tokenize Palladium

Russian billionaire Vladimir Potanin is planning to create cryptocurrency tokens backed by palladium, Bloomberg reported on March 27. Potanin — who is CEO of the Russian nickel and palladium mining and smelting company MMC Norilsk Nickel PJSC (Nornickel) — plans to deploy cryptocurrency tokens for trading palladium through a Switzerland-based palladium fund, and wants to…

Read More

Crypto Mining Giant Bitmain’s IPO Application Has Officially Expired

Cryptocurrency mining equipment maker Bitmain’s application for an initial public offering (IPO) on the Hong Kong Stock Exchange (HKEX) has officially lapsed, meaning no such transaction is happening anytime soon. According to an update on the HKEX’s website, Bitmain’s case has been moved to a group of “inactive” applications and is now labeled as lapsed, six…

Read More

SBI Group Sets Up Spin-Off to Manufacture Crypto Mining Chips

Japanese financial giant SBI Group has created a dedicated subsidiary that will manufacture cryptocurrency mining chips, the company confirmed in a notice on March 22. SBI, which has launched spin-offs covering various aspects of the cryptocurrency industry, now says it wishes to expand its influence in the mining sector through the creation of SBI Mining…

Read More

SBI Holdings Latest Crypto Venture Will See It Make Mining Chips

Japanese financial services giant SBI Holdings has established a new subsidiary to manufacture cryptocurrency mining chips and systems. The new venture, SBI Mining Chip Co. (SBIMC), is a part of SBI’s strategy on digital assets-related businesses, according to an announcement on Friday SBIMC will be carrying out the development and manufacturing of cryptocurrency miners in partnership with…

Read More

Bitmain Plans to Set Up 200,000 Crypto Mining Machines in China

Cryptocurrency mining giant Bitmain is reportedly planning to set up 200,000 units of mining equipment in China to benefit from low-cost hydroelectric power in the country, crypto media outlet CoinDesk reported on March 21. A source from China familiar with the matter reportedly told CoinDesk that Bitmain will install 200,000 units of their own mining…

Read More