• Market Cap: $192b

  • Aug 14, 2018

Cryptocurrency Mining is used to generate minable cryptocurrencies like Bitcoin, Ethereum, etc. Mining requires immense energy and manpower to solve complex algorithms. People who set up systems to perform mining activity are called miners. Miners are rewarded with some share of the cryptocurrency on successfully mining a block.

Related Links: Cryptocurrency Mining Calculator

Bitmain Introduces A Router That Mines For Cryptocurrencies

Bitmain’s latest innovation is the introduction of cryptocurrency mining routers. The two Bitmain routers have been named Antrouter R3-DASH and Antrouter R3-SIA.

Canaan Creative’s Avalonminer A9 to Feature 7nm Crypto-Mining Chips

Canaan announced the release of their 7-nanometer (7 nm) cryptocurrency mining chips in the 30T Avalonminer A9 Bitcoin Miner.

Tencent and Softbank Invest in Bitmain as it gears up for IPO Launch

Bitmain has now been planning to launch an Initial Public Offering (IPO). Reportedly, investment giants Tencent and SoftBank are backing this idea. 

Bitcoin Mining Giant Bitmain Investing $500 Million in New Texas Facility

The construction and set-up of this new facility are underway, and Bitmain estimates this phase will finish early in the fourth quarter of 2018, with the data center initiation in early 2019.

World's First Bitcoin Mining TV Launched By Chinese Blockchain Firm Canaan Creative

The TV set called AvalonMiner Inside set has a hash rate (computing rate) of 2.8 trillion hashes per second whereas the most powerful mining hardware my Canaan has a hash rate of 11 trillion hashes per second. 

Bitmain Q1 Profits Surge Past $1 Bn: IPO Expected Soon

Latest reports indicate that Bitmain, which made $1.1 Billion in the first quarter of this financial year, is all set to file for an IPO shortly. 

Cryptos for Charity: Change.org Introduces Cryptocurrency Mining Screensaver

Change.org has created a cryptocurrency mining screensaver, which will mine for Monero (XMR) to fund the Change.org Foundation while your PC is idle.

Best Bitcoin Cloud Mining Platforms of 2018

Let us take a closer look at understanding what bitcoin cloud mining is and at the best bitcoin cloud mining websites of 2018.

This European Country Quickly Turning Into a Crypto Mining Hub

Kosovo has cheap electricity and the cryptocurrency mining costs are half of that of the market. Hence it is becoming a mining hub .

World's Biggest Cryptocurrency Mining Farm To Be Set Up in Upstate New York

The state of New York might soon become the Bitcoin Mining capital of the world as a $700 Million mining farm is expected to be set up in upstate New York soon