Bitcoin Miner Margins Tighten, Hash Power Goes in Decline
Miner euphoria came to a screeching halt last week as the price of Bitcoin tumbled forcing a 20% decrease in the networks hashrate. In a best-case scenario, most miners are now switching off equipment and await a lull of opportunity as margins have taken a 30% hit on the weekend versus the start of last […]
The $20 Million Bitcoin Miner Being Hailed as a Bitmain Rival
After CoinDesk revealed the China-based crypto mining giant was planning an initial public offering (IPO) for September, the company has faced a wave of perhaps unprecedented scrutiny. On social media, allegations emerged Bitmain was everything from insolvent to presenting a rosy outlook for its financials, all the while investors linked to the funding effort backed […]
