With ever-increasing hashrates and mining difficulty, the power consumption of cryptocurrency mining is set only to climb higher. Ever since the price of Bitcoin surged in 2017, media attention turned to cryptocurrency mining’s energy consumption and the consequential environmental footprint. In a world becoming ever more dedicated to stopping climate...
Chinese ASIC manufacturer Canaan Creative has allegedly filed for a confidential IPO in the United States. According to Asian financial news site IFR Asia on Wednesday, the company is pursuing $200 million USD by way of the public listing. A previous report by Bloomberg in January rumoured a Canaan IPO...
The Russian Federal Customs Service is investigating a case of underpayment of customs fees that are charged for importing Bitcoin mining hardware equipment. According to Coindesk, the Far-East Trading and Industrial Company (DTPK) might be owing around $1.2 million in customs fees for importing 6,012 Bitmain ASIC miners. The search...
Bitcoin Miners Totally Unfazed Bitcoin miners seem to be entirely unaffected by the recent tumult in the crypto market. As spotted by prominent Bitcoiner Hodlonaut, the hash rate of the popular network recently set a fresh all-time high for the umpteenth time over the past few months. So, despite the...
