Bitmain CEO: Bitcoin Can Advance China’s Economy in a Big Way
Bitcoin and blockchain are going mainstream in China. As a sign, a major fintech forum in Shanghai recently invited Bitmain CEO Jihan Wu to talk about its role in transforming finance and China’s economy. The event attracted dozens of media representatives, while over 300 financial industry participants also watched on. Lujiazui International Financial....
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The Bitcoin mining crackdown in China has significant ramifications for the cryptocurrency industry. Bitmain is stepping up its efforts to ease the burden on Chinese miners looking to offload their equipment in light of the ban. Bitmain, the cryptocurrency infrastructure company behind the Antminer brand, will temporarily halt the sale of mining machines to help secondary sellers offload their supplies following China’s wholesale ban on Bitcoin (BTC) mining. The suspension of new Antminer sales will begin immediately, Bitmain announced Thursday via WeChat. By suspending the sale of new....
A regional report from China indicates that bitcoin mining rig manufacturers have seen a massive surge in demand since the price of the leading crypto asset skyrocketed. Companies such as Canaan Creative have placed significantly sized mining rig orders while other companies like Bitmain are completely sold out. Bitcoin Mining Rig Manufacturers Experience a Device Demand Boom Bitcoin (BTC) prices in February have spiked considerably in value and this has fueled the BTC mining sector a great deal. On Friday, the Bitcoin network hashrate is hovering above the 150 exahash (EH/s) range and....
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....
Three of China’s biggest Bitcoin hardware makers have quietly set up shop in the US, trying to dodge hefty import fees. Bitmain, Canaan and MicroBT together control over 90% of the world’s mining rigs. Their move comes after US President Donald Trump slapped new tariffs on Chinese goods, a shift that could reroute the very […]
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....