Huge loss of $58M to Cryptocurrency Mining Firm Riot Blockchain
According to financial reports, the cryptocurrency mining firm, listing under Nasdaq, suffered a massive loss of $58 million. The firm goes by the name Riot...
Tag : Cryptocurrency Mining
Black Clouds Hover Over Bitmain Employees As It Suspends Its Mining Operations
Bitmain, the world’s largest mining pool and mining ASIC hardware producer, has suspended its mining operations in Texas as part of its business changes. It...
Twiterrati in a frenzy over alleged 51% Attack on Ethereum Classic
The previous night, the official Ethereum Classic team noted that alleged chain reorganization and double spend attacks were going on. Subsequently, they have asked crypto...
Abkhazian Government cuts off power supply to 15 Cryptocurrency Mining Facilities
The Authorities of Republic Abkhazia has cut off fifteen mining farms from the region’s electrical grid due to electric concerns. The short-term measure is made...
GMO Exits Bitcoin Miner Production after heavy losses in “Q4”
GMO Internet Group, a Japanese Internet giant recently in a press release announced its decision of quitting the crypto mining hardware industry. The internet giant,...
Cryptocurrency News | Chinese Miners account for largest short – sellers across the Globe
According to a Chinese Crypto outlet 8BTC, chinese miners are apparently becoming the largest short – sellers locally and internationally. This is attributed to an...