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Bitcoin Mining Faces Rising Costs as Hashprice Boosts Provide Only Temporary Relief

The mining difficulty of Bitcoin hit a new peak of 109.78 trillion, climbing 1.16% in Sunday’s latest adjustment. This represents a 24% increase over the past 90 days and a…

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Major Declines in BTC Mining Stocks Despite Bitcoin’s 128% YoY Rally

The cryptocurrency market has been on a rollercoaster, especially in the last couple of months, with Bitcoin rallying 128% year-on-year as of Christmas Day. However, despite the bullish trends, the…

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Chinese Auto Dealer Dives Into Bitcoin Mining With $256M Investment

Shanghai-based car dealership Cango Inc. has pivoted to Bitcoin (BTC) mining, announcing a $256 million acquisition of 32 exahashes per second (EH/s) in hashrate from Bitmain Technologies. In November, the…

Continue ReadingChinese Auto Dealer Dives Into Bitcoin Mining With $256M Investment