Hash Wars: Calvin Ayre & CoinGeek Refuse to Concede Defeat in Bitcoin Cash Fork Fight

Shots were fired Thursday afternoon, as CCN received a press release from Calvin Ayre’s CoinGeek which contained some interesting words that are sure to heat up the discussion around the chainsplit and intentional hard fork in Bitcoin Cash. One of the quotes from Calvin Ayre elucidates his feeling that all is not well on the

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Fork Wars: Bitcoin Cash Dev. Warns that CoinGeek Will Attack ABC

During a largely celebratory live stream regarding the ability of Bitcoin ABC’s upgraded version of Bitcoin Cash to survive and thrive in a post-fork universe, Bitcoin ABC’s self-proclaimed “benevolent dictator,” Amaury Séchet, said that he believes, due to metrics that are publicly available, that BCH mining pool CoinGeek is presently preparing an attack against the ABC

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Cryptocurrency Mining Farms In China Shut Down For ‘Strict’ Tax Inspections

Cryptocurrency mining operations in the Chinese provinces of Xinjiang and Guizhou were suspended so the government could conduct “very strict” tax inspections and real-name registration checks. Power to the mining farms was shut off on November 5, sources told local daily Cong News. As a result, the mines lost about 1 million yuan (or roughly $143,700) a day

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Bitcoin Mining Giant Bitmain Shuffles Board Ahead of IPO: Report

Bitmain, the world’s largest bitcoin mining firm, has reportedly undergone a major board reshuffle ahead of its initial public offering (IPO), which should set a record for the nascent cryptocurrency industry. Bitmain Sees Major Board Shakeup — CEO Jihan Wu Loses Voting Rights Citing company information registered with the local government, Chinese industry media outlet

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What Bear Market? Major Bitcoin Mining Farm Goes Live in Canada

The bitcoin mining facility that DMG Blockchain Solutions announced it was building in British Columbia, Canada in July is now operational. Though the full capacity of the facility is 85 megawatts, initially only 60 megawatts will be made available at the operation that occupies 27,000 sq. ft. The power that the Mining as a Service

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Bitmain Releases Antminer S15: How it Stacks Up Against Competitors

Bitmain has released (and already sold out of) its Antminer S15 model traditional ASIC Bitcoin miner. At a price of $1,475 per unit and a per-customer limit of two, it is comparably one of the better bargains as mining hardware goes. It clocks up to 23 terahash per second, meaning that 3-4 units would be

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What Caused the Sudden Drop in SegWit Blocks on Bitcoin?

Blockchain detectives and Lightning Proponents may have noticed a severe drop in SegWit blocks near the end of last month. SegWit-spending transactions had reached a high of nearly 50% of all transactions, according to this tracker, but around about October 20th the rate began to drop off, hitting a low of nearly 40%. Users who

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Bitcoin Mining Consumes Over 3X the Energy of Gold Mining: Research

A new paper indicates that the energy required to mine cryptocurrencies is more than what is consumed when excavating for metals of equivalent dollar value. In the paper which was published on November 5 by the Nature journal, researchers at the Cincinnati, Ohio-based Oak Ridge Institute noted that bitcoin consumes more than three times the

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Texas Hits Cryptocurrency Mining Firms with Cease and Desist for Fraud

Texas executed regulatory action recently against two cryptocurrency mining companies. The Securities Commissioner for Texas sent EXY Crypto (also known as Execrypto) and AWS Mining PTY LTD. cease and desist letters based on fraudulent activities. EXY Crypto Texas order number ENF-18-CDO-1771 against EXY Crypto specifically names Morgan Nolan, Rafael Logan, and Melissa Spring as involved in the

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Bitcoin Mining Market Still Strong as Shown by Bitfury’s $1 Billion Valuation

This week, Bitcoin mining equipment manufacturer and blockchain software firm Bitfury secured a valuation of $1 billion from billionaire investor Mike Novogratz and Korelya Capital’s $80 million investment in the firm. The multi-million dollar funding round comes after the release of Bitfury Clarke, the firm’s new Bitcoin ASIC miner, designed to compete against Bitmain’s new equipment,

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