Bitcoin Miner Canaan’s Shares Valued at $8.04 After Surging 80%
The first major bitcoin miner to go public on the US stock market rebounded slightly after a drop in the fourth quarter Go to Source Powered by WPeMatico
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Developer Proposes Decentralized Bitcoin Hashrate Derivatives
There’s a new concept called Powswap that lets people speculate on hashrate in order to hedge against price volatility. Powswap was developed by the software engineer Jeremy Rubin who believes hashrate derivatives products allow people to leverage new trading strategies. Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia Powswap Where … Read more
Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance
During the first month of the new year, the research firm Tokeninsight published its “Mining Industry Annual Research Report,” which covers the competitive bitcoin mining sector. Tokeninsight’s study highlights the fact that BTC’s hashrate increased by 80% in 2019, even though BTC’s year-over-year average price dipped by 1.9%. Tokeninsight’s report also notes that more than … Read more
Mining Giant Canaan Faces Stiff Competition After IPO Shares Slump
On November 21, the Chinese mining rig manufacturer Canaan Inc. launched its initial public offering (IPO) sale of $90 million worth of U.S. shares. Canaan shares initially sold for $8.99, but plummeted over 48% on December 16 to $4.65 per share. Since then, Canaan has launched a series of five new mining rig batches that … Read more
Chipmaking Giant Samsung Reveals 3nm Semiconductor Prototype
In mid-December, Intel revealed that the company expects to design 2nm and 1.4 nm semiconductors by 2029. During the same timeframe, regional sources reported Canaan and Bitmain will reveal new mining rigs this year equipped with TSMC-based 5nm chips. Now, competition is growing stronger as Samsung has disclosed that the chipmaker succeeded in creating the … Read more
Bitmain and Canaan to Reveal 5nm Bitcoin Mining Chips in 2020
Two of the largest bitcoin mining chip manufacturers have plans to equip their products with 5nm chips in the near future. Just recently, China-based manufacturer Bitmain purportedly produced the world’s first 5nm test-grade bitcoin mining chip and more efficient mining rigs will see mass production next year. The firm Canaan also recently announced that the … Read more
GSR and Interhash to Create Hedging Solutions for Bitcoin Miners
Hedging products for Canaan mining network becoming available in Jan, 2020 Go to Source Powered by WPeMatico
2019’s Bitcoin Miners Are 5x Faster Than Predecessors
High-powered bitcoin miners and next-generation semiconductors go hand in hand and as process node technology grows, SHA256 hashrate follows. Coinshares’ recent bi-annual mining report highlights that newly introduced mining rigs have “as much as 5x the hashrate per unit as their generational predecessors.” Advanced chip technology has grown relentlessly and it’s significantly bolstered ASIC device … Read more
Bitcoin Miner Canaan’s Shares Plunge 40% Since IPO in November
Bitcoin mining giant Canaan Creative’s shares have seen a 40 percent drop in value since its IPO Go to Source Powered by WPeMatico
Mining Report Shows 65% of Bitcoin’s Hashpower Stems From China
As the end of 2019 approaches, Coinshares Research has published its bi-annual mining report that contains informative research and observations about the bitcoin mining industry. Since Coinshare’s last report published in June, BTC’s hashrate grew by 50 exahash per second (EH/s) and the firm believes a decent portion of the power stems from China. Also … Read more
