China’s 500.com to Purchase Another $8.5M-Worth of Bitcoin Miners

U.S. Senator Ted Cruz has declared his bitcoin purchase worth up to $50,000. “I’m also particularly proud that my home state, Texas, is becoming an oasis for the blockchain community, for bitcoin miners, for innovators and entrepreneurs in the crypto world,” said the senator. Senator Ted Cruz Declares Bitcoin Purchase U.S. Senator Ted Cruz has bought the bitcoin dip. A Periodic Transaction Report filed on Friday shows that the senator from Texas personally bought bitcoin worth between $15,001 and $50,000 on Jan 25. On the date of the transaction, the price of bitcoin....

Countries vie for cryptocurrency miner business as Chinese miners move to greener pastures. Here's where they are ending up. A few months ago, the crypto industry was shaken up by the news of the mass exodus of miners from China. At the end of May 2021, it became known that the Chinese authorities were going to ban Bitcoin (BTC) mining, bringing the already existing regulatory pressure on miners to a breaking point.The list of banned operations includes purchasing cryptocurrencies, as well as any related investment activities, crypto trading and exchange. The People’s Bank of China had....

Miners in China have reportedly been struggling to pay for electricity after authorities started cracking down on OTC brokers in the country.

Numerous ASIC Scrypt Miners have already been purchased and their shipping dates are fast appropriating, but are these powerful mining machines worth their cost? By now there's a good chance you've already looked at purchasing yourself one or two asic scrypt miners to replace your CPU or GPU mining rig. If you haven't you can learn more about them here. They're less expensive, don't take up near as much space and won't send your power bill through the roof, but is it profitable? With the expected increase in difficulty for many of the altcoins out there, can you realistically expect any....

On Friday, the publicly listed firm Hut 8 announced the purchase of $30 million worth of Nvidia’s dedicated crypto mining GPUs called the Cryptocurrency Mining Processor (CMP). Nvidia CMPs mine the crypto asset ethereum and Hut 8 expects its aggregate operational power will be 1,600 gigahash. Hut 8 Purchases $30 Million Worth of Nvidia’s Dedicated GPU Miners On the heels of joining Foundry’s U.S. bitcoin mining pool, the firm Hut 8 Mining (TSX: HUT) revealed it has purchased $30 million worth of Nvidia CMPs. The Nvidia CMP HX product is described as a “dedicated GPU....