Bitcoin miner loans of R63 billion under stress
The prolonged slump in Bitcoin is making it more difficult for some miners to repay the up to $4 billion (R63 billion) in loans they have backed by their equipment, posing a potential risk to major crypto lenders.
A growing number of loans are...
Item name: BITMAIN ANTMINER A3 + PSU
Age and condition: Good, a few years
Do you include packaging: No, will package up
Warranty: No
Reason for selling: Upgraded
Price: R1000 including shipping
Location: DBN
Shipping or collection: Both
Item wanted (be very descriptive): 15 x Bitmain S9 miners with PSU
Is packaging essential?: No
Desired age and condition: Just looking for good working condition
Location: Alberton
Willing to accept a shipped item: Yes
The ex-Bitmain chip designer taking on the cryptocurrency mining giant
At Yang Zuoxing’s modest office a short drive from the prestigious Tsinghua University in Beijing, desks are strewn with cryptocurrency mining equipment and cots stand ready for engineers too exhausted to go home after...
Bitmain releases its first public financial statements
One of the cryptocurrency world’s most powerful, controversial and secretive companies just opened its books for the first time.
Bitmain Technologies, the virtual currency mining firm co-founded by billionaires Jihan Wu and Micree Zhan...
Bitmain considering $40-billion IPO - Report
The 1980s cyberpunk novels that predicted today’s internet failed to conceive of anything as outlandish or contradictory as Bitcoin: A digital currency that’s spent nowhere, a commodity that’s used for nothing, and a libertarian dream that’s...
Bitmain's new crypto miner could hurt AMD and Nvidia's revenue
Advanced Micro Devices and Nvidia are feeling the heat from a Chinese adversary that they never imagined would become a competitor.
[Bloomberg]
Item name: Bitmain Antmine L3+ with Bitmain PSU (Dec 2017 batch)
Age and condition: Just arrived and tested :)
Do you include packaging: Can box for you
Warranty: Stock standard
Reason for selling: GPU funding crazyness
Price: R60k neg
Negotiable: Yes
Location: Jhb
Shipping or collection: Both
Chipmakers can't beat 25,000 Mongolian Bitcoin miners
Bitmain runs 25,000 custom-built machines in Inner Mongolia to make about $250,000 in daily revenue, or $91 million annually.