As the halving approaches, Bitcoin’s hash rate sees major volatility. So what does it mean, exactly? Bitcoin’s (BTC) mining hash rate is seeing major volatility ahead of the halving event, scheduled for May 12, as the mining sector is preparing for a major reshuffle. On May 3, the hash rate set a new all-time high,…
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Power struggle at Bitmain intensifies as the company’s executive reportedly gets arrested for partaking in a mob attack on the company’s ousted co-founder. Bitmain CFO and supposed legal representative Luyao Liu was arrested after allegedly partaking in a mob attack on the company’s ousted co-founder Micree Zhan in Beijing, local reports suggest. Liu was “taken…
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Ukraine’s Ministry of Energy believes that using power plants for crypto mining could be one of the best ways to take advantage of a current energy glut. Cryptocurrency mining is a contemporary and efficient way to use excess energy, Ukraine’s Ministry of Energy argued in a May 6 statement published on Facebook. According to the…
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After several customer complaints aired on social media, Chinese mining giant Bitmain confirms that some of its Antminer S17 units have issues. Chinese mining hardware company Bitmain has admitted to having issues with some of Antminer S17 units. “Antminer is paying close attention to the issues of some products from the 17 series, which has…
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Chinese mining hardware giant Bitmain released a batch of Antminer products with a particularly high failure rate, according to a group of miners. The Telegram group, started by Arseniy Grusha on May 1, co-founder of United States-based cryptocurrency consulting and mining firm Wattum, contains several complaints about Bitmain products, primarily the Antminer S17+. “I have…
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Crypto fans have been discussing actively on social media about the new Bitcoin-related episode of “Billions” series. Showtime released the first episode of the fifth season of financial drama series “Billions,” which opened with a Bitcoin mining bust. The new season, based on the life of the former New York District attorney Preet Bharara, began…
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Developers at blogging platform Ghost have spent the past 24 hours fighting a crypto mining malware attack. Developers at blogging platform Ghost have spent the past 24 hours fighting a crypto mining malware attack. Announced in a status update on May 3, the devs revealed that the attack occurred around 1:30 a.m. UTC. Within four…
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Iran’s Ministry of Industry, Mining and Trade issued a license to Turkey-based company iMiner for operating in the province of Semnan. Iran’s Ministry of Industry, Mine and Trade granted a license for cryptocurrency mining company iMiner to operate in the country. With 6,000 rigs, iMiner’s setup would purportedly make it one of the largest crypto…
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Oscar-winning director shares conspiracy theory which claims Microsoft’s recent crypto mining patent is satanic. Oscar-winning Russian director, Nikita Mikhalkov, has espoused a bizarre conspiracy theory on local television. He claims that Microsoft’s recent patent for a sensor-based cryptocurrency mining system using body activity data comprises the first-step in a satanic plot to microchip the human…
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Bitcoin’s hash rate has set a new record just eight days from the halving and six weeks after crashing by 40% over two weeks. After the mid-March price crash led to a brief exodus of miners operating older hardware, the Bitcoin (BTC) hash rate posted a new all-time high (ATH) of more than 142 exahashes…
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