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Category Archives: News

How to run a Mega-Bitcoin Mine in China ?

Aug 2, 2015

8BTCNews

Imagine if you lived life as a one of the four Bitcoin enthusiasts and miners in Northern China. Your government isn’t a big fan of an unsanctioned global currency like Bitcoin seeping into the Chinese market but isn’t standing its way right now. They reserve the right to shut you down at ...

80% of bitcoin is exchanged for Chinese yuan

Mar 10, 2015

8BTCNews

In a report out today from Goldman Sachs about the future of money, the bank points out that 80% of bitcoin volume is now exchanged into and out of Chinese yuan. The second-highest trading currency is the US dollar, followed by smaller denominations in yen and euros. The revelation of Ch...

Chinese Bitcoiner Makes Physical Bitcoins In Pure Gold

Jul 21, 2014

8BTCNews

Back in early December last year, we heard that people in the Channel Island of Alderney had been working on the idea of producing physical Bitcoins, as part of their grander plan to reinvent the British crown dependency as a global hub of digital currency. Since then, things have been rathe...

Why bitcoin mining variance matters?

Jul 19, 2014

L.M. Goodman

In bitcoin, miners join pools for two reasons. One is to avoid the hassle of running a full node — this could be mitigated by requiring miners to include proofs of blockchain retrievability. The other is to reduce the variance of the return in their mining. But why is variance so impor...

Virtual currency a bit overpriced for the real world

Nov 22, 2013

8BTCNews

A residential project in Shanghai's Pudong New Area is accepting bitcoins from apartment buyers, taking the currency a step closer to acceptance in China. Domestic online game developer Shanda Interactive Entertainment Ltd, the developer of the property project, announced on Oct 2...

8BTC Interview with BTCChina

Nov 8, 2013

8BTCNews

  Bitcoin continues to grow in value and BTC China, the lead Chinese Bitcoin exchange and one of the lead Bitcoin exchanges in the world, is expanding tremendously. Bitcoin Magazine received a transcribed and translated copy of Yang Yang of 8BTC’s interview with Bobby L...