Mining

New York-based PH Miners Inc., manufacturers of cryptocurrency mining machines, has announced the launch of two new miners for the bitcoin and litecoin cryptocurrencies, which will allow users to process transactions and track the release of new digital coins. PHminers is comprised of specialists with many years' experience in bitcoin...

The price of Bitcoin appears to be reaching US$450 levels as some Bitcoin core developers and key community leaders agreed to a timetable for a hard fork of the Bitcoin software, which will be activated by July 2017. The points of agreement were released to the public yesterday on Medium, after...

Mining solutions platform BW has revealed that it has created the BW-LK1401, the first generation 14nm ASIC mining chip to be released, after almost a year of research and development with Samsung. This new chip offers a lower power consumption than other chips, requiring 160W/T. BW is currently producing an...

In response to a group of bitcoin mining and exchange companies publicly rejecting the Bitcoin Classic hardfork, Chinese mining company Bitmain appears to be standing firmly behind its intention to test Classic. The group against the software hardfork, calling itself Bitcoin Roundtable, declared in an open letter their rejection of any...

Bitminer.eu is a bitcoin miner platform which enables users to mine bitcoin quickly and securely. Launched in November 2015, it has now gained almost 5000 users. Bitminer.eu offer advanced statistics and guarantees a stable hash rate and immediate mining pay-outs. Amongst the features of Bitminer.eu are an internal trading market...

On the 25th January 2016, the Australian mining Company, Bitcoin Group’s IPO Offer and ASX Bookbuild closed after many months of delays and setbacks and Bitcoin Group has now revealed that it raised a total of $5,927,168.40. In 2015, the Australian Securities and Investment Commissions (ASIC) required Bitcoin Group to...

Last week, Genesis Mining launched a mobile billboard campaign across Miami critical of J.P. Morgan CEO, Jamie Dimon, for his negative comments about bitcoin. The company ran a similar campaign making fun of Western Union last year. Genesis Mining CEO, Marco Streng, told AllCoinsNews in an email: We've just launched...

After months of difficulties with the Australian Stock Exchange (ASX) regulating agency and multiple application delays, Bitcoin Group's initial share offering on ASX seems set in stone as the offering closes at the end of business on Monday, January 25, 2016. Investors wanting to buy shares in the Australia-based bitcoin...

China-based bitcoin mining and exchange giant BTCC has deployed a hundred full bitcoin nodes across five continents to support the bitcoin network. A list of all the full bitcoin nodes that BTCC has deployed is visible at 21.co's Bitnodes. Full bitcoin nodes enforce bitcoin network rules by serving a full...

Genesis Mining recently announced that it started offering mining of the Ethereum protocol's proprietary currency, Ether. Ethereum is an alternative cryptocurrency protocol developed by Vitalik Buterin, that many industry observers have called Bitcoin 2.0. The initial sale of Ethereum coins raised over $15 million and today has a total market...

BitFury Group, the prominent bitcoin blockchain infrastructure provider and transaction processing company, has announced its new chip, the 16nm Application Specific Integrated Circuit (ASIC) Chip, is going into mass-production and promises to bring significantly increased efficiency for the bitcoin network. This new Chip is reported as being four times as...

BitFury Group, a leading bitcoin mining company with operations in the Republic of Georgia, will open its third mega data center next week. The new data center will have a capacity of 40 MW of electricity to process transactions using BitFury’s latest generation 28 nm and 16 nm ASIC chips....

Homero Joshua Garza has been charged by the Securities and Exchange Commission with committing fraud through his Connecticut-based companies, GAW Miners and ZenMiner, by undertaking a Ponzi scheme to pay returns to investors from new capital from new investors. Garza offered investors shares in the company, which was supposed to...

The founders of Bitheat.io seek to build a new kind of bitcoin miner that brings back profitability to home-based mining. The water heating miner, PipeMiner, also could also make bitcoin mining more environmentally sustainable. AllCoinsNews got the opportunity to talk  tothe two inventors of the PipeMiner, Iowan brothers Julian and...

Australian bitcoin miner, Bitcoin Group, has once again reissued its prospectus in its attempt to list on the Australian stock exchange. This is the third issuance of the company's prospectus as it attempts to respond to issues raised by the Australian stock exchange authority, ASIC. The agency insisted on an...

Amazon yesterday began shipping 21 Inc's mini bitcoin miner, the 21 Bitcoin Computer. The device achieved Amazon bestseller in the electronics category, after pre-ordering began in September. 21 Inc is positioning the $400 computer as a platform that mines a small but constant stream of bitcoins to purchase digital goods through micro-payments....

Australian bitcoin mining company Bitcoin Group Ltd has extended the time for investors to apply for shares in its upcoming IPO on the Australian Stock Exchange (ASX) to 20 November 2015, making the third extension of the deadline. Bitcoin Group is set to become the first Bitcoin company to list...

A two-phase immersion cooling (2PIC) project – which will be the world’s most powerful – is being undertaken in the Republic of Georgia for use in a 40+ MW data center which is being developed by BitFury Group. Recently acquired Hong-Kong-based engineering company, Allied Control, are designing and building the...

Australia's largest bitcoin mining operator, Bitcoin Group, has raised US$3,646,348 on crowd funding platform BnkToTheFuture.com with only three days left in the campaign. The mining firm exceeded its investment goal of $3 million, with 38 backers participating and 15% equity on offer. Bitcoin Group reportedly validates 135,016 bitcoin transactions every...

Blockchain technology business BTCS recently announced a number of developments to their shareholders for the third quarter of 2015. Leading the announcements was the news that, last month, BTCS signed a definitive merger agreement with Israeli bitcoin mining hardware manufacturer, Spondoolies-Tech Ltd. Spondoolies, who had a revenue of over $28...