“Top” Bitcoin Miner Predicts Bleak Crypto Future In China
The founder of Bitcoin mining pool BTC.TOP, Jiang Zhuoer, has made another prediction on the future of this sector in China. Large BTC mining operations have been forced out of the country, as the Asian Giant crackdowns on the industry. Back in June, Zhuoer dismissed the new measures imposed on China as “not as serious”. […]
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The bigger question is how consumers and enterprises can protect against this volatility in the coming years. The Chinese Yuan has been a topic of multiple debates in the past few months. After months of deliberate devaluation, things are still looking very bleak for the future. In fact, it appears the pessimism surrounding this national currency is only growing worse every month. Such an uncertain future can push even more people to Bitcoin and cryptocurrency next year. China is not doing all that well in the financial department as of late. Further depreciation of the yuan is expected in....
As Miner Capitulation in the crypto market slowly comes to an end, a crypto analyst maintains an optimistic future outlook on the price of Bitcoin (BTC), the world’s largest cryptocurrency. The analyst has set a massive $200,000 price tag for BTC, marking a new all-time high for the pioneer cryptocurrency. Bitcoin Price Set To Hit […]
Miner revenue for bitcoin had taken a hit following the China crackdown. The industry has had a long recovery period as miners had to find new locations to set up their mining operations after their exit from China. Hashrate had dropped and the price had taken a downward turn along with it. Over the past […]
Bitcoin Group, one of the largest bitcoin mining operators which has been planning its initial public offering (IPO) since 2014, has at last confirmed its Australian Securities Exchange (ASX) debut in February. The Melbourne-based bitcoin mining firm currently operates over 6,100 different miners, including Ant Miner S5, Ant Miner S2, Asic Miner Prisma and Dragon Miner in the US, UK, China and Iceland. The firm generates around 6 petahashes, approximately 1.57% of the global hash power of the entire Bitcoin network. Due to its abundance of computing power and five computer centers in....
Recently, Washington Post writer Henry Farrell took the opportunity to declare a bleak future for Bitcoin, but more specifically its revolutionary transaction network. His article "Bitcoin's financial network is doomed" was responding to an article in Vox where the author proclaims that despite the adoption difficulties of Bitcoin as a currency, the long-term success of Bitcoin lay in its technology, that is, the block chain and the seamless global transaction network. Farrell argues that the network is exactly the reason Bitcoin's future is nothing but trouble and litigation: Now, imagine....