“We (miners) store up cryptocoin and HODL it. Just HODL, no selling, cuz we don’t expect to suffer torturous FUD (Fear, Uncertainty and Doubt). Say you sell it at 1,000 yuan today, but what if it rises to 100,000 yuan tomorrow? We'd rather live poor and have pickle for meals than...
Taiwan Semiconductor Manufacturing Co Ltd(TSMC), the world’s largest contract manufacturer of semiconductors, undoubtedly, is the main beneficiary of bitcoin’s 1400% surge in 2017 as bitcoin mining giants rush to purchase its HPC chips. This Taiwan’s largest company reported it...
Alibaba, China’s e-commerce and tech giant, will launch a crypto mining platform? No, never! Alibaba Cloud, the cloud computing arm of Alibaba Group (NYSE: BABA), released an statement on its official Weibo account, saying that Alibaba’s “P2P Nodes” platform has nothing...
Although it is still a long way to go for China in leading the world’s integrated circuit technology, the world's top three producers of digital currency mining machine are all based in China, they are AntMiner of Bitmain, Avalon of Canaan and Ebit of Ebang. Canaan, world's 2nd large...
Once known to be the largest Bitcoin mining equipment company in the world, Bitmain now seems to be expecting a challenger. A new company is introducing a generation of ASIC mining chips. The introduction of the DragonMint miner series by Halong Mining are in the first stage of roll...
The saying that the Chinese are the leaders when it comes to Bitcoin mining could be a subject of debate henceforth if the proposed plan by a Russian company to start using semiconductor chips designed in Russia for use in satellites to minimize power consumption in computers for crypto mining ...
In 2009, with the inception of the Genesis Block, bitcoin adopted the proof of work system to address the byzantine general problems, which is like sacrifice efficiency for security. The concept of POW was first presented by Cynthia Dwork and Moni Naor in a 1993 journal article. In...
“One Bitcoin, one house” has recently become a new expectation among Chinese Bitcoin investors. Zhao Dong, an old Bitcoin holder, said that not everyone has the luck to get rich. "When I first heard of Bitcoin in 2009, I didn’t take it seriously. I thought it was just something lik...
Note: Cao Xiaogang, an early bitcoin adopter and holder, is now an entrepreneur and co-founder of a crowdfunding platform. He believed: “At this particular point in history, the bitcoin community should pull together to change the world of bitcoin for better instead of insulting and attac...
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...
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