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Category Archives: Mining

Local Bitcoin Mining Farm not Involved in Bitcoin Trading

Sep 21, 2017

Red Li

A NY Times report on Bitmain’s mining farm in Inner Mongolia was reposted by Chinese mainstream media when the countries authorities are squeezing out the living space of Bitcoin exchanges. Will Bitcoin mining farm be the next target? Such pubic exposure is the last thing that the min...

Will Bitcoin Mining Farm in China be Closed?

Sep 18, 2017

Red Li

Pictures of "Technical Preplan on Blocking Bitcoin overseas Transaction" were circulated in Wechat group and later posted on weibo around 18pm 16 September. The document describes the preplan of blocking bitcoin exchanges and Bitcoin blockchain data-syncing, along with a list of overseas e...

How the Hashrate War Between BTC and BCH Evolve?

Aug 10, 2017

Red Li

Since the launch of Bitcoin Cash, BCC in Chinese exchanges or BCH in overseas Exchanges, the war for hashrate has begun. How is the situation going to evolve? AlbertTheKing, a veteran Bitcoin speculator and analyst in China, shares his theoretical deduction on the potential mayhem b...

Why DPRK Started Bitcoin Mining Business?

Aug 2, 2017

Red Li

According to the 12-page report released by Recorded Future, North Korea has started mining Bitcoin. Xiao Lei, a famous financial analyst, disclosed the logic behind the regime's behavior. Such operation backed by a sovereign country may have mixed impacts on the cryptocurrency community. ...

BIP 91 Activated to End the Civil War?

Jul 21, 2017

Red Li

According to Coin.dance, 903 of last 1000 blocks are signaling support for Segwit2x and therefore BIP 91 is activated following the consensus mechanism. Market shows positive feedback to the news as the price soared to around 19,800 CNY from 16,200 and stands 18,800 at press time. However...

F2Pool Under a Wave of DDOS Attacks

Jul 17, 2017

Cindy23

  F2Pool, the world’s second largest bitcoin mining pool, has been hit by large distributed denial-of-service(DDOS) attacks in recent days. According to Mao Shixing, creator of F2Pool, the attacks first appeared on July 14. “We are being DDoS’d in a hostile manner. Ou...