Bitmain Take a Look at 2018 in Retrospect and What the Future Holds in 2019

Bitmain Take a Look at 2018 in Retrospect and What the Future Holds in 2019

2018 was indeed rocky for virtually every crypto-related firm but that doesn’t change the fact that lots of milestones were achieved last year. Acknowledging this fact, Bitmain – one of the largest blockchain-based hardware and software companies in the world – took the time to reflect on their achievements in 2018 while giving an insight into their plans for the year 2019, in spite of the great hurdles the company has been facing. Some of…

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Unknown Miners Increasingly Take a Bigger Part of the Bitcoin Mining Pool

Unknown Miners Increasingly Take a Bigger Part of the Bitcoin Mining Pool

There are three primary methods of crypto mining for an individual miner: mining by oneself, joining a mining pool and joining a cloud mining. Mining by oneself and joining cloud mining aren’t as popular as pool mining due to higher hardware requirements and whooping power consumption. However, Things have also started to change for pool miners as a major share of Bitcoin miners belongs to some unknown miners. According to recent data, unknown miners who…

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Report: Bitmain Cuts Back its Texas Crypto Mining Project

Report: Bitmain Cuts Back its Texas Crypto Mining Project

It was a great celebration in the cryptoverse last year when Bitmain (a Chinese crypto mining firm) announced its intention to build one of the largest crypto mining centers in the world. But the smiles have been wiped off their faces as the project scheduled to hold in Rockdale TX has hit an unfortunate roadblock. Last year was, indeed, a rough ride for virtually all crypto-related firms and Bitmain isn’t excluded from those stats. The…

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Mining Giant Bitmain Reportedly to Retire its CEOs as IPO under Jeopardy due to Regulatory Doubts

Mining Giant Bitmain Reportedly to Retire its CEOs as IPO under Jeopardy due to Regulatory Doubts

Troubles keep chasing the crypto mining giant Bitmain. As long as cryptocurrency prices continued to rise a year ago, the company was blossoming; but as the entire crypto market plunged in 2018, mining profitability has declined accordingly and drastically. So after a barrage of lawsuits and firing half of its workforce, the mining firm now faces new obstacles. According to the Chinese media outlet Odaily, Bitmain’s CEOs Micree Zhan and Jihan Wu will soon leave…

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