It’s Rough Times for Miners amid Bitcoin Price Crash

The relentless tornado that’s ravaging the crypto world is leaving no prisoners in its wake. The plummeting price of all major coins means that mining cryptocurrencies is currently no longer profitable for many miners--both individuals and companies. Everyone’s been following the horror show of the past week or so as the bitcoin cash drama unfolded and the selloffs began, as OKEx forced early...

Bitcoin Mining Firm Canaan Slashes IPO Target -- and May Not Go Public Anytime Soon

bitcoin mining

Canaan, one of the world’s largest bitcoin mining firms, may be having second thoughts about its plan to go public in one of the cryptocurrency industry’s highest-grossing initial public offerings (IPO) to date. Chinese Bitcoin Mining Firm Delays IPO The Hangzhou-based Canaan had been one of at least three Chinese bitcoin mining firms planning to go public on the Stock Exchange of Hong Kong...

Bitmain Releases Antminer S15: How it Stacks Up Against Competitors

Bitmain, bitcoin

Bitmain has released (and already sold out of) its Antminer S15 model traditional ASIC Bitcoin 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 units would be required to match the performance of Bitfury’s Tardis, which goes up to 80TH/s. The Tardis...

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