• Market Cap: $266b

  • Jun 23, 2021

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

Microsoft Pulls Down 8 Malicious Crypto-Mining Apps from Microsoft Store

8 applications which were illicitly mining for cryptocurrencies using the processing power of the users’ computers were recently pulled down from the Microsoft Store.

JP Morgan Reveals Cost of Mining is Higher Than the Price of Bitcoins

JP Morgan has pointed out that for four weeks in Q4 2018, the cost of mining Bitcoins was higher than the price of Bitcoins.

Bitmain: 2018 and the Path Ahead

In a blog post yesterday, the company reflected upon how the fared in the year 2018 and what their plans for 2019 are.

Leading Chip Maker TSMC reports Significant drop in the Crypto Mining Revenue

Major Chip Manufacturer TSMC reports Significant drop in the Crypto Mining Revenue in 2018

Crypto Mining Revenues Took a Big Hit in 2018

Chip-maker TSMC becomes the latest name to be hit by the slowdown in the cryptocurrency mining business.

Bitcoin Mining Firm Giga Watt Shuts Operations Following Bankruptcy

US-based Bitcoin mining firm Giga Watt has now announced the shutdown of their operations. 

Bitmain Shutting Down Amsterdam Office, Pauses Texas Mining Operations

Bitmain will now be shutting down their Amsterdam office, and have reportedly paused their mining operations in Texas. 

Following Hong Kong Rejection, Canaan Creative Eyeing New York Stock Exchange for IPO

Following their rejection from the Hong Kong Stock Exchange, reports from Bloomberg indicate that Canaan Creative is now aiming to get listed on the NYSE.

Bitmain Reportedly Planning to Lay Off 50% of their Workforce

Following the yearlong slowdown in cryptocurrency prices, Bitmain is reportedly going to lay off 50% of their total workforce.

Following Major Loss, Japan’s GMO Exits Crypto-Miner Manufacturing Business

GMO Internet Inc. has announced its exit from the cryptocurrency mining manufacturing business following extraordinary losses.