Mining


Markets

Litecoin's Mining Power Tanks to Lowest in Year Following Price Plunge

Litecoin’s price plunge in recent months has whittled away the profitability of mining the cryptocurrency, leading to a shakeout among operators.

Credit: Rawpixel

Tech

A Plan to Decentralize Bitcoin Mining Again Is Gaining Ground

New code for mining pools could fix problems associated with transaction censorship and more, say its supporters.

(Wikimedia Commons)

Finance

1 Gigawatt Bitcoin Mine Under Construction in Texas Would Dwarf Bitmain's

The $150 million bitcoin mine could become the world's largest – surpassing Bitmain's, whose own mega mining operation is in the same Texas town.

Chad Harris/Whinstone US

Markets

Ukrainian Railways Branch Caught Mining Crypto With State Power

The Lviv branch of Ukrainian Railways has been caught red-handed diverting company electricity to mine bitcoin.

Lviv Ukraine railway

Markets

WATCH: Coinmine Adds Interest Payments to Its At-Home Crypto Miners

The company now offers 6.5 percent interest on earnings held in Coinmine wallets.

Coinmine CEO Farbood Nivi

Markets

Founder of Bitmain Rival Held by Police Over Possible IP Dispute

The founder and CEO of bitcoin miner maker MicroBT is being held by police. A source says it's to assist an investigation over a business dispute.

MicroBT founder Yang Zuoxing speaking at an event hosted by Poolin in September 2019.

Markets

Bitcoin Mining Power Sees Short-Term Drop as Rainy Season Ends in China

After sustained growth over the past three months, bitcoin's mining power has dropped with a seasonal falloff in hydropower output in China.

Bitcoin mining farm (CoinDesk archives)

Markets

Bitcoin Just Hit $1 Billion in All-Time Transaction Fees

Here's what to make of the milestone.

shutterstock_1247183893

Markets

Russian Aluminum Plant Pivots to Bitcoin Mining Following US Sanctions

Metal giant Rusal is renting its facilities to the Russian Mining Corporation following 2018 U.S. sanctions.

Stack of bitcoin miners

Markets

Leaked Transcript Details Power Struggle Inside Bitcoin Mining Giant Bitmain

A transcript of a Bitmain staff meeting reveals an ugly power struggle inside the world's biggest bitcoin miner maker that led to the abrupt ousting of co-founder Micree Ketuan Zhan.

Jihan_Wu_World_Digital_mIning_summit_Frankfurt_2019