Tags : August

Bitcoin

Four tech firms have bought 66% of all Bitcoin mined

Four technology giants from around the world have been quick to jump on the Bitcoin bandwagon. And they are likely enjoying the multifold gains. Bitcoin frenzy Three firms from the US and one firm from China have brought over 66% of all new BTC mined in the past six months, figures show. Business analytics software […]Read More

Market

Bitcoin Mining Machine Shortage Worsens as Bitmain Sells Out Through

Even though leading bitcoin mining manufacturer Bitmain doubled prices to capitalize on overwhelming demand resulting from the surge in the price of bitcoin, it still pre-sold three months of inventory in a few weeks. In early December, Bitmain was pre-selling bitcoin ASIC miners with an expected shipping date of May 2021, per CoinDesk’s prior reporting. […]Read More

Litecoin

Litecoin Hash Rate Down 60% Since August Halving

Three months after the August 2019 halving, the Litecoin hash rate continues to tumble with mining profitability reaching all-time lows. This massive fall in mining activity signals yet another negative report for the altcoin with reports earlier in the year suggesting developers weren’t interested in contributing to its cryptocurrency code. Litecoin Miners Abandon Ship Data […]Read More