Chinese Authorities Plan Crackdown on Crypto Mining in Inner Mongolia

Regulators in the Chinese autonomous province of Inner Mongolia have issued a notice demanding a clean-up of the province’s crypto mining enterprises. Terms of notice As local crypto outlet ChainNews reported on Sept. 14, five departments within Inner Mongolia have determined the need to rectify the mining industry within the province. The organizations named were…

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Bitcoin Mining Farms Are Flourishing on the Ruins of Soviet Industry in Siberia

The Takeaway: Russia’s abandoned Soviet-era factories are enjoying a second life as cryptocurrency mining facilities. Siberia’s big hydropower plants (another legacy of the USSR) have lured miners with cheap electricity. The favorable energy prices and naturally cold climate are turning Siberia into an international mining hub with miners from Europe, Asia and the U.S. placing…

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High-Powered Mining Rigs Drive Bitcoin’s Accelerating Hashrate

On August 19, the combined SHA-256 hashrate between the BCH and BTC networks touched a massive high of over 91 exahash per second (EH/s). One notable contribution to today’s network hashrates is the manufacturing of next-generation mining rigs that produce a significant number of terahash. Currently, the top machine released this summer is Pangolin’s Microbt…

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Chinese Miner Manufacturer Canaan Files IPO With $200 Million Goal

This article was originally published by 8btc and written by Lylian Teng. Canaan Creative, one of the world’s largest bitcoin mining machine manufacturers, has filed an application for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), people with knowledge of the matter disclosed. According to the source, the AvalonMiner manufacturer…

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