Mining

Bitcoin Mining Giant Canaan Secures New Funding in ‘Hundreds of Millions of Dollars’

Canaan Creatives, the world’s second-largest bitcoin mining chipmaker, has raised ‘hundreds of millions of dollars’ in a new financing round. STCN reported that the latest funding pushed Canaan’s worth to at least a billion dollar. According to a study published by the Hurun Research Institute, Canaan’s valuation was close to $ 2.98 billion by the […]

Mining

Anonymous Security Researcher Uncovers Exploit in Bitmain’s Bitcoin Miner S15

Developer James Hilliard, best known for his Bitcoin Improvement Proposal #91 (the BIP which activated SegWit and prevented SegWit2x) and the CGMiner program, discovered a vulnerability in Bitmain’s Antminer S15 firmware. The vulnerability was then turned into an exploit by an anonymous security researcher. Hilliard has publicly demonstrated the exploit in action: @BITMAINtech tried and […]

Mining

Bitcoin Cash Pools: The Majority of Bitcoin SV Blocks Are Mined By ‘Unknown’ [Yes, Really]

Like Bitcoin and Bitcoin Cash, Bitcoin SV has large mining pools, each with a significant share of its SHA-256 hashrate. However, unlike the others, BSV has a nearly 44% majority who are “unknown,” according to data published by Coin.Dance. Bitcoin SV blocks today according to Coin.dance. Comparing the above to Bitcoin’s same period chart, about […]

Mining

Taiwanese Chip Manufacturing Giant Blames Revenue Losses On ‘Crypto Winter’

Taiwanese chip manufacturer United Microelectronics Corporation saw a roughly 10% decrease in revenue in the fourth quarter of 2018. Like TSMC, who provide chips to Bitmain, they prominently attribute some of their losses to the downturn in demand for cryptocurrency. Less demand amounts to less need for mining, which subsequently lessens the demand for mining […]

Mining

The Finance Prof. Who Says Bitcoin’s Going to ‘Bite The Dust’ Is Wrong

Kevind Dowd. Image from Independent Institute. By CCN.com: Kevin Dowd is a Professor of Finance and Economics in the Business School at Durham University, Northeast England, and the co-author of the 2015 paper “Bitcoin Will Bite the Dust,” along with market analyst and author, Martin Hutchinson, for the libertarian Cato Institute in Washington DC. CoinDesk […]

Mining

Giga Watt: Bitcoin Mining Company Finally Shutting Down Amid Unpaid Power Bills and Bankruptcy Hearings: Token To Be Worthless

A user contacted CCN with information related to Giga Watt, a Bitcoin mining company finally going out of business after declaring bankruptcy in November 2018. The firm lasted a little over a year, launching with an ICO model in September 2017. The business model of Giga Watt was slightly different than other hosted mining solutions. […]