Crypto Crisis: Bitmain Salary Suspensions And Exec Departures Amplify Chaos
In the ever-evolving landscape of crypto, recent developments have sent shockwaves throughout the industry, further deepening what can only be described as a “crypto crisis.” The upheaval has been marked by financial struggles at major companies and notable leadership changes that are raising questions about the stability and future of the digital currency market. Related […]
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The crypto miner CEO makes Bitcoin history by being the first exec of a publicly-traded company to take their full salary in Bitcoin On Wednesday, British cryptocurrency mining company Argo Blockchain revealed that Argo CEO Peter Wall is now the first executive of a publicly-traded company to take their entire salary in Bitcoin.In a February operational update, the company — which trades on the London Stock Exchange under the ticker ARB — said that as of March 1st Wall began taking his salary in the cryptocurrency, and that “any other Argo team members may choose to be paid in Bitcoin for....
On July 6, the crypto mining rig manufacturer Bitmain announced the launch of the highly anticipated Antminer E9 after revealing the device on April 15, 2021. The machine boasts speeds of up to 2.4 gigahash per second (GH/s) and Bitmain is selling the device for $9,999 per unit. Bitmain Launches Antminer E9 for $4.17 per Megahash 447 days after revealing the Antminer E9, Bitmain has finally launched the product. The company announced the launch on July 6, 2022, and said “[The Antminer E9] is equipped with a hashrate of 2,400 [MH/s], 1920W power efficiency, and power efficiency of....
Living in the chaos of a deep crisis, people in Lebanon have been turning to cryptocurrency, a new media report has confirmed. From earning much needed income through mining and work, to storing wealth and paying in stores, bitcoin, tether and other cryptos have started to push aside the hyperinflated Lebanese pound and the hard-to-get-hold-of U.S. dollar.
Cryptocurrency Becomes Lifeline for Some Lebanese Who Try to Make Ends Meet in Meltdown
With its capital Beirut once called the “Paris of the Middle East,” before the civil war broke out in 1975, and known as an....
It appears the R3 blockchain consortium has bitten off a lot more than it can chew. Or to be more precise, they are tackling this whole concept from the wrong angle. It appears a full-fledged exodus is taking place where the R3 blockchain consortium is concerned. After the departure of one of its founding members, a total of six more banks are looking not to renew their membership. Given the sheer size of the consortium, this is not entirely surprising. However, it is also a telling sign of how there is dismay between the members and those “in charge” of the project. Among the next batch....
Regional reports from an exposition in Chengdu indicate Bitmain has unveiled a new scrypt ASIC rig for dogecoin, litecoin, digibyte, and verge mining. The Chinese reporter who disclosed the information says the new Bitmain model has a hashrate of around 9,500 megahash per second (MH/s) and overseas prices are reduced by 13%. Bitmain Unveils New Scrypt Miner With 9.5 Gigahash According to the Chinese journalist Colin ‘Wu’ Blockchain, Bitmain has revealed a new scrypt coin mining device that packs a lot more hashrate than the company’s previous model. Wu tweeted out the....