David Pan

David Pan was a news reporter at CoinDesk. He previously worked at Fund Intelligence, and interned at the Money Desk of USA Today and the Wall Street Journal. He does not hold investments in cryptocurrency.

David Pan

Latest from David Pan


Finance

Chinese Agency Reinstates Goal to Phase Out Crypto Mining Industry

The move comes almost two years after the agency quietly removed crypto mining from the list of industries to be eliminated.

Crypto mining machines. (lmstockwork/Shutterstock)

Markets

Crypto WeChat Groups Suspended by Organizers Amid China’s Crackdown

The community organizers are encouraging members to move to other social media platforms such as Telegram and Discord.

China flag blowing in the wind.

Finance

Leading Crypto Mining Machine Maker Bitmain Said to Halt Sales in China

Beijing-based Bitmain will also move most of its production out of southern China and into other countries in response to the latest government crackdown, sources said.

Bitmain AntMiner S3

Finance

Chinese Ethereum Mining Pool BeePool to Shut Down Following Crackdown

The firm’s move came just after SparkPool, another top Chinese Ethereum mining pool, announced it was suspending operations.

Graphics processing units (GPUs) used to mine the Ethereum and Zilliqa cryptocurrencies at the Evobits crypto farm in Cluj-Napoca, Romania, on Wednesday, Jan. 22, 2020. The world’s second-most-valuable cryptocurrency, Ethereum, rallied 75% this year, outpacing its larger rival Bitcoin. Photographer: Akos Stiller/Bloomberg

Finance

Chinese Ethereum Mining Pool SparkPool to Halt All Services Due to Crackdown

The world’s second-largest Ethereum mining pool initially had stopped providing services to new Chinese users, but has expanded its suspension to all users.

Máquinas de minería de bitcoin

Finance

Want to Build a Bitcoin Mining Rig? Compass Mining Now Sells Single ASICs.

Single application-specific integrated circuit (ASIC) bitcoin mining rigs can now be purchased individually, rather than in bulk.

An Antminer bitcoin mining machine pictured in 2018. (Carlos Becerra/Bloomberg via Getty Images)

Tech

Bitcoin Miner Profits Remain High Despite Surges in Mining Difficulty

Today’s 4.5% increase is the fourth consecutive upward difficulty adjustment. But it’s slowing.

Data Center Server Room Bitcoin Mining

Tech

Bitcoin Miners Hold Onto Rigs, Betting the Bull Run Will Continue

Supply has dried up despite a glut of available bitcoin mining rigs since China’s crackdown in May.

Inside Bitmain Technologies Ltd.'s Bitcoin Mine

Finance

Mineros de Ethereum hacen una apuesta multimillonaria por el retraso de las actualizaciones

Los principales fabricantes de equipamiento minero, como Bitmain, están construyendo herramientas más especializadas para la minería de Ethereum.

Máquinas de minería de bitcoin

Finance

Ethereum Miners Make Multimillion-Dollar Bet on Upgrade Delay

Major mining machine makers like Bitmain are building more specialized machines for Ethereum mining.

Máquinas de minería de bitcoin