Bitmain Launches New Antminers: More Power-Efficient and Higher Hash Rate

Bitmain Launches New Antminers: More Power-Efficient and Higher Hash Rate

The crypto mining giant Bitmain has recently announced that it’s going to expand its Antminer 17 series with two new Antminers: S17e and T17e. The new Antminers are designed to be more power-efficient and could hit a higher hash rate; the new mining hardware is also equipped with software that detects malicious attacks. Bitmain has revealed the specifications and selling dates for newly Bitcoin mining hardware on its website. The China-based cryptocurrency mining giant, Bitmain,…

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Bitmain Increases Crypto Mining Capacity by 50% with 600K New Mining Chips

Bitmain Increases Crypto Mining Capacity by 50% with 600K New Mining Chips

According to reports in the Chinese news media, a person close to the crypto mining giant Bitmain has divulged that the semiconductor manufacturing company has recently placed new hardware orders in the overall sum of 600,000 cryptocurrency mining machines. With these additional crypto mining chips, Bitmain is anticipated to increase its capacity by 50% in the next six months. Bitmain is a Chinese hardware company that designs application-specific integrated circuit chips for Bitcoin mining. The…

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Mining Giant Bitmain Accuses Mangocoin of Exploiting its Brand Name

Mining Giant Bitmain Accuses Mangocoin of Exploiting its Brand Name

Bitmain, the Beijing-based major cryptocurrency mining company, has recently published in an official blog post a the little-known cryptocurrency ‘Mangocoin’ (MGC) has frequently used the ‘Bitmain’ brand name. This was apparently intended to sale the so-called product ‘Bitmain Cloud Miner’ and to promote Mangocoin on its website and applications. Bitmain has formally declared that the company has no affiliation whatsoever with Mangocoin. Bitmain confirmed that the mining hardware development company in no way associated with…

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Crypto Mining Firm Bitmain Lost $310 Million in Q1 2019

Crypto Mining Firm Bitmain Lost $310 Million in Q1 2019

Thanks to the revival in the entire cryptocurrency market this year, and Bitcoin specifically, things have started looking up for the cyrpto mining company Bitmain. Notwithstanding, the crypto mining giant reportedly recorded a loss amounting to $310 million in the first quarter of 2019. As bad as that may seem, the company is actually on its way up again. Despite the massive loss, Bitcoin reportedly made up to $315 million profit in the month of…

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Bitmain’s Affluent Co-Founder Establishes the New Crypto Startup Matrixport

Bitmain’s Affluent Co-Founder Establishes the New Crypto Startup Matrixport

We’ve seen the rise and fall of Bitcoin(BTC)trade many times in the last couple of years, but BTC’s recent resurgence has propelled the origination of a startup that might make a difference in the crypto world. With the hope of capitalizing on the recent rise of the Bitcoin price, the co-founder of the mining giant Bitmain, Wu Jihan, has organized a group to develop “Matrixport,” a financial services startup for cryptocurrencies. According to its CEO…

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Cryptocurrency Mining Firm Bitmain Seeks IPO Again as Bitcoin Climbs to New High

Cryptocurrency Mining Firm Bitmain Seeks IPO Again as Bitcoin Climbs to New High

It seems like the China-based ASIC chips master Bitmain, which is one of the largest companies that offers cryptocurrency mining equipment, is back in the initial public offering (IPO) game again. You will recall that Bitmain hasn’t had the best year since the 2018 crypto winter. From downsizing its workforce to slamming the brakes on its Texas mining operation and closing down its offices in the Netherlands and Israel, it has been one horrific ride…

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Crypto Mining Giant Bitmain Reports 88% Decline in Bitcoin Mining Power

Crypto Mining Giant Bitmain Reports 88% Decline in Bitcoin Mining Power

Beijing-based crypto mining rig manufacturing giant, Bitmain, recently reported that its internal Bitcoin and Bitcoin Cash mining operations have generated 88% less computing power compared to a month ago. The major cutdown has been revealed by the company in its monthly hashing power disclosure. As per the hashing power disclosure, on May 7th, the hash rate of all Bitcoin and Bitcoin Cash mining hardware which are running on the SHA265 chips has dropped significantly. Comparing…

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Crypto Mining Giant Bitmain Presents New CEO; Admits IPO Is Dead

Crypto Mining Giant Bitmain Presents New CEO; Admits IPO Is Dead

Bitmain, the cryptocurrency mining equipment giant, has published a revealing post on their blog that talks about many rumors going around the community. In the post, Bitmain talks about how the bear market has affected their future plans, the changes they’ve had to make because of it and what their priorities are going forward. Furthermore, the post also confirms the replacement of Bitmain’s CEO and the expiration of its IPO filing to the Hong Kong…

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Bitmain Claims its New Miner Z11 Is 3x More Powerful Than its Predecessor

Bitmain Claims its New Miner Z11 Is 3x More Powerful Than its Predecessor

Bitmain, the Beijing-headquartered cryptocurrency mining giant, announced the release of its new miner that it claims is three times more powerful than its predecessor. The new device, named Z11, is aimed at mining virtual coins that are based on the Equihash proof-of-work algorithm. The privacy-focused altcoin ZCash (ZEC) is going to be one of the primary beneficiaries of this new all-powerful miner. Despite the current bear market having affected miners’ ability to invest in new…

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Bitmain Introduces New Lower Energy-Consuming Chip for Bitcoin Mining

Bitmain Introduces New Lower Energy-Consuming Chip for Bitcoin Mining

Hong Kong-based crypto mining rig manufacturing giant Bitmain Technologies Limited revealed its next-generation 7nm ASIC chip to mine SHA-256 cryptocurrencies like Bitcoin and Bitcoin Cash. According to Bitmain, this newly designed mining chip is 28.6% more efficient than Bitmain’s previous 7nm chip, the BM1391. This mining chip will be available in new Antminer models the S17 and T17 as announced by by the company. Since inception, Bitmain is pushing the edges of computing power by…

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