The current market conditions have made Japanese e-commerce conglomerate DMM.com Ltd. Take a decision to shut down its crypto mining business.
However, the company will continue with its in-house mining business, after relocating its mining operations to a region with cheaper power supply.
During the last 24 hours, Bitcoin’s mining difficulty has dropped more than 9 percent as the fallout of the prolonged market rout continues. Despite a recent recovery that has taken bitcoin above $4,000, miners are still finding it difficult to remain profitable.
Bitcoin Cash price is under a lot of pressure after it broke the $150 support against the US Dollar. There is a major declining channel formed with resistance near $135 on the hourly chart of the BCH/USD pair.
Billionaire investor and venture capitalist Jim Breyer still believes that the promise offered by the technology is too great for it to be permanently buried by short-term market movements.
Another cryptocurrency mining firm, Giga Watt falls out of the race declaring itself bankrupt and unable to refund its $7 million-debt to investors.
Giga Watt has taken a decision to follow a new strategy aimed to attract remote customers and to improve the company’s performance.
A digital nomad and crypto enthusiast G. John Cole explains how cryptohackers can siphon the power of your devices, and shares core principals of effective protection.
The world’s leading producer of crypto-mining hardware, BitFury disrupts the market with a new highly efficient ASIC mining chip.
About 8 years ago, in 2010, GPU entered the mining stage and outperformed CPU, leading to stock shortages at some point. In 2018 we are facing a new global trend: ASIC miners, which first appeared in 2013 and have been gaining popularity ever since, are the latest word in crypto mining.