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Wolfie Zhao
Latest from Wolfie Zhao
Bitcoin Mining Difficulty Drops by 6% in First Adjustment After Halving
The Bitcoin network just fine-tuned a key parameter to coax back miners who quit after last week's halving hammered their profits.
Bitcoin Halving Arrives: Mining Rewards Drop for Third Time in History
Bitcoin's third halving, a once-every-four-years occurrence and the most anticipated event this year in the cryptocurrency industry, has finally happened.
The CoinDesk 50: Bitmain, the Behemoth of Bitcoin Mining
Bitmain remains at the center of the crypto economy. But in China, "mining avengers" are racing to catch up.
Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation
After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl.
One of Bitcoin’s Earliest Miners Is Dedicating $66M in Crypto to a Fund of Funds
Bixin, one of the earliest bitcoin miner operators and wallet startups, is dedicating 6600 bitcoin, worth $66 million, to a new fund of funds.
Bitcoin Mining Difficulty Nears All-Time High in Final Adjustment Before Halving
Bitcoin mining difficulty increased to 16.10 trillion (T) on Tuesday, close to the network’s all-time high of 16.55T recorded in March.
Older Mining Machines Turn Profitable Again as Bitcoin Rises Ahead of Halving
Older mining models can now earn 10-20% gross margins after bitcoin’s price jumps to two-month highs.
Chinese City Known for Bitcoin Mining Seeks Blockchain Firms to Burn Excess Hydropower
A Chinese city in the world's bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity.
Starbucks, McDonald’s Among 19 Firms to Test China’s Digital Yuan: Report
The food and beverage giants are among the restaurants and retail shops reportedly on a local government list for testing of China's central bank digital currency.
China's Rainy Season Is Coming. This Time Bitcoin Miners Aren't Investing
With bitcoin’s price drop and imminent halving, mining farms in China are struggling to fill slots despite the coming rainy season, when power is cheap.
