Mining Bitcoin could be profitable once again as the network mining difficult dropped by 15 percent amid decreasing hash rate and falling BTC prices.
Squire Mining revealed earlier the imminent acquisition of crypto mining developer CoinGeek, including its 62,000 ASIC miners, for around CAD$60 million.
A US$5 million lawsuit filed on a US court alleges Bitmain of mining cryptocurrencies using its manufactured units, without the knowledge of its customers.
The increasing costs of operating a crypto mining operation has caused some companies to turn off their equipment or to sell their units at a huge loss.
The shares of Nvidia went down after the company detailed its poor Q3 showing which many attribute to the declining demand for GPU cryptocurrency miners.
Australia has become an ideal spot for crypto owners, with the authorities supporting the tech.Find out more about why coin holders would love this country.