Mining Hardware Supply Grows
There was a time when Bitcoin mining hardware would sell out in days, just for preorders, now supply has seems to be outpacing demand. Some companies, despite not even fulfilling past orders, continue to offer more miners. It is sad for those who preordered months ago and calculated their returns based on past prices, but we are in a volatile market and one shouldn't assume continuous upward price growth; although, customers couldn't predict that some companies wouldn't deliver. The Bitcoin network was about 10 petahashes at the start of the year and now is over 60 petahashes. Some....
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Platforms listing ads for mining hardware have been registering declining demand since Bank of Russia’s call for a ban on the minting of digital currencies among other crypto activities. While mining may eventually be legalized, miners can expect to pay higher electricity bills.
Supply Exceeds Demand on Russian Market for Mining Chips
Mining hardware is now more often offered than sought, Russian online marketplaces have noticed. The trend began after the Central Bank of Russia (CBR) published a consultation paper this month, in which the regulator proposed a blanket ban....
BW.com, the Chinese bitcoin mining hardware manufacturer has announced the success of its latest 14nm bitcoin mining ASICs. The next batch of miners will be available by June 2016. Mining is a vital component of the bitcoin network. The bitcoin mining operation has grown from being an individual scale operation to one of an industrial scale where companies are setting up data centers with hundreds of mining ASICs, leading to a drastic increase in the sale of miners. As, the difficulty of mining operations increase, the mining units are also becoming more technically advanced. BW.com, a....
Hardware manufacturer Canaan is expanding its crypto mining operations in Kazakhstan. The company is now cooperating with a number of mining firms there and has already deployed over 10,000 pieces of hardware despite the country’s challenges with electricity supply. Increased energy prices have also provoked protests that could potentially affect the industry. Canaan Secures Mining Agreements With Companies in Kazakhstan China-rooted producer of coin minting equipment, Canaan, has announced it has entered into collaboration agreements with multiple crypto mining companies in....
Ghash.io mining pool website. London-based Bitcoin exchange and cloud mining services provider, Cex.io announced on Tuesday that they were lowering the maintenance cost from $0.18 to $0.105 for 1 GHS per month. This reduction in maintenance cost comes after the company upgraded its hardware for mining bitcoins in the cloud. In addition, the hardware upgrade would also enable the company to arrange the lowest possible electricity consumption costs for hosting the ASICs. Also read "Cex.io Contemplates Expansion to Scrypt ASICs: CCN Exclusive Interview with Cex.io". Maintenance Costs and....
DigitalBTC has inked a strategic hardware supply agreement with BitFury, one of the leading manufacturers of bitcoin mining equipment. The company is owned by Australian investment firm Macro Energy, which acquired Digital CC and its subsidiary digitalBTC last month. Thanks to the acquisition, the firm became the first bitcoin-related business to be listed on the Australian Stock Exchange (ASX). Mining plans. At the time Macro Energy said it plans to raise AU$9.1m and to invest the money in the expansion of digitalBTC operations, including bitcoin mining. Soon after digitalBTC entered a....