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Category Archives: Mining

Bitcoin mining now decentralized in China – Chandler Guo

Dec 5, 2016

Olusegun Ogundeji

Speaking on how Bitcoin mining has been evolving in China, a Chinese angel investor in Bitcoin and Ethereum startups has stated that things have changed in the sector in the last one year following the direct involvement of energy companies in the mining process which has decentralized most of...

4 Reasons Why Miners are the Most Trustworthy People

Dec 2, 2016

8BTCNews

Changyong Liu, a Bitcoin economy expert and university professor in China,  explained why he trust miners more than any other stakeholders in the whole community. 4 reasons to trust Bitcoin miners 1.Miner’s stake is almost completely compatible with the whole ecological interests: ...

Samson Mow to host AMA on 8btc about Scaling and SegWit

Nov 30, 2016

Red Li

Samson Mow, BTCC COO, will host an AMA on 8btc forum  about Bitcoin scaling and SegWit. Questions raised between 29th Nov to 2nd Dec will be addressed by Samson in person. 8btc forum is  the biggest Bitcoin and blockchain community in China where thousands of community me...

The Misconceptions about SegWit, a Heated Debate on 8btc

Nov 30, 2016

Red Li

There have been lots of discussions about the war between the SegWit (SW) and the Bitcoin Unlimited (BU) on 8btc forum in recent days. “BU Party" on 8btc refers to those who support Bitcoin Unlimited. "Beginagain" started a thread on 8btc forum :the Misconceptions about SegWit, w...

Miner Guide: How to Safely Hard Fork to Bitcoin Unlimited

Oct 17, 2016

8BTCNews

by viabtc note: This article was originally published in Chinese on my personal blog. Because Bitcoin Unlimited contains no built-in mechanism for the activation of a hard fork, a hard fork to Bitcoin Unlimited consensus rules requires participating miner nodes to be in agreement with o...

China’s Mining Dominance: Good Or Bad For Bitcoin?

Sep 14, 2016

8BTCNews

In Kongyu, Tibet, hydropower electricity is inexpensive, as are wages. And Chinese entrepreneurs are among the world’s most capable and least risk averse. This combination makes Kongyu in China’s western Sichuan province an ideal place for a bitcoin mining operation, as revealed by a Was...