Category: Mining

The Bitcoin industry has not been spared from the ill-economic effects of the ongoing coronavirus pandemic. According to a recent filing with the US Securities and Exchange Commission, Bitcoin mining giant Ebang reported a 50% drop in its revenue for the first half of 2020, with the report coming after quarters of otherwise strong growth

Miners on the Bitcoin network are facing the highest difficulty they ever have to generate new blocks, data shows. Network difficulty has surged to an all-time high amidst massive interest in the crypto space. However, it also means retail miners, hobbyists, and small-scale firms have to concede hashpower to the larger mining corporations, at least

The Chinese state does not present a long-term threat to Bitcoin, a well-known developer wrote in a blog this week. China is not a threat to Bitcoin Jameson Lopp, founder of Casa Wallet and a Bitcoin contributor, said Chinese miners do not pose a threat to Bitcoin. His post came amidst long-held fears of centralization