Bitcoin Mining Triggered a Massive Power Outage in this Chinese City, Causing a 500,000 Yuan Loss

Feb 1, 2018

Chinese enthusiasm for bitcoin mining may be beyond your imagination despite Chinese authorities’ escalating clampdown on bitcoin-related activities. A residential communnity in Kunming, the capital of China’s Yunnan Province, suffered a massive power outage on January 13, according to...

Meet The Ambitious Bitcoin Miner: My Goal Is to Make 100 Billion

Jan 22, 2018

“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...

Crypto-Mining Could Represent 10% of TSMC’s Revenue In 2018

Jan 18, 2018

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...

Clarified：Alibaba Will Never Launch Crypto Mining Platform

Jan 17, 2018

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...

With Revenue of 1.2 Billion & 50% ROI, Canaan (Avalon) Applied To List On NEEQ

Jan 12, 2018

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...

Bitcoin Miner Rivals Chase Bitmain

Dec 4, 2017

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...

Russians seek to break Chinese Bitcoin ‘mining centralization’

Aug 10, 2017

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 ...

Bytom Blockchain Protocol Works to Make Obsolete Mining Machines Useful Again With AI ASIC Chips

Jun 15, 2017

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,” Nonsense or Reality?

Apr 28, 2017

“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...

Bitcoin Community, Time to Pull Together

Mar 28, 2017

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...