Category: Mining

Mining Closures Reveal Recurring Bitcoin Bear Market Trend 0

Mining Closures Reveal Recurring Bitcoin Bear Market Trend

Another bitcoin miner this week shut down its operations, though the news didn’t come as much of a shock. The latest closure, of U.S.-based Giga Watt which went bankrupt last year, follows a trend...

0

9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate Hike

A major utility in the U.S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in...

0

Mongolia’s Cheap Electricity Draws Japanese Bitcoin Miners Seeking Profit

A combination of cheap electricity and cold weather has started to draw a growing number of Japanese bitcoin miners to Mongolia, a country sandwiched between China to the south and Russia to the north....

0

A Look at Some of the ‘Next Generation’ Bitcoin Mining Rigs Available Today

Over the last year, cryptocurrencies have lost a lot of value yet bitcoin miners continue to process transactions and earn block rewards. A bunch of new mining rigs were announced in 2018 that packed...