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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 […]
