Archive | Bitmain

Cobra Bitcoin Believes Bitmain Controls 80% of Bitcoin Hash Rate

Cobra Bitcoin, the anonymous yet influential Bitcoin personality, has Tweeted his suspicions that giant mining firm Bitmain controls more than 80% of Bitcoin mining hash rate through mining pools that it owns, which means the network has become dangerously centralized. A co-owner of popular websites bitcoin.org and bitcointalk.org, Cobra is calling for a change of the […]

Crypto Mining Company Responds to Android Malware Outbreaks

A mining equipment company CEO has responded to issues raised by mining malware hacks infiltrating Amazon Fire software and Android devices saying that it is not representative of the industry. Talking to NewsBTC, he also said that more crypto mining companies are likely to get listed on the London Stock Exchange (LSE). ‘It Gives Crypto… […]

Bitmain Considering Launching Public Stocks

Founder of Bitmain Technologies, Jihan Wu, said that he is considering launching a publicly-traded Bitmain stock on the Hong Kong or a United States stock exchange via an initial public offering (IPO). Bitmain is a global Bitcoin mining powerhouse, controlling as much as 80% of the market for cryptocurrency mining equipment. Bitmain’s mining pools, Antpool […]

Crypto Mining Giant Bitmain’s CEO Is Considering an IPO

Jihan Wu runs Bitmain Technologies Ltd., the world’s largest producer of custom cryptocurrency mining chips. Financially speaking not much is known about the Chinese company, though Wu has hinted at the possibility of holding an initial public offering (IPO), which would force Bitmain to reveal more. What an IPO Would Mean for Bitmain Given the uncertainty… […]

100+ Coders Gather in China to Build Apps Tied to the Bitcoin Cash Network

On June 1-3, 100+ coders gathered together for the ‘BCH Geek’ in Hangzhou, China, an event that focused on developers creating BCH-based apps in order to make “bitcoin cash available to all.” According to regional reports, the event was quite successful and there were a lot of cool applications built specifically to enhance the BCH […]

ASIC: Resistance Is Futile! Crypto’s Battle a Losing War?

At Consensus 2018, many blockchain software developers viewed Bitmain’s recent launch of their newest Application Specific Integrated Circuit (ASIC) miners as proof of the impending future for all cryptocurrencies. ASIC hardware will soon hit the markets for previously deemed ASIC-resistant cryptocurrencies such as Ethereum, Monero, and Zcash. David Vorick, a founder of ASIC manufacturer Obelisk stated: “I think any GPU-mined coin […]

Bitmain Accused of Selling “Seriously Inadequate” Hardware

The world’s largest cryptocurrency mining equipment manufacturer Bitmain has been accused of providing ”seriously inadequate” hardware reportedly caked with dust, leading to speculation that second-hand units are being sold as new. The accusation Cryptocurrency miners reached out to Zooko Wilcox, the founder, and CEO of Zerocoin Electric Coin Company, explaining the ongoing dispute with Bitmain over […]

How Bitcoin Cash Can Avoid the Same Mistakes as Bitcoin Core, Part 4 of 4

The following opinion piece on Bitcoin Cash was written by Jonald Fyookball We’ve already discussed 3 reasons why the bitcoin project was subverted: lack of education, lack of clarity, and centralized development. Today I will proffer two more: censorship and propaganda were allowed to run rampant; miners didn’t understand their power and responsibility. Last Friday, Coingeek.com held a […]

Circle Raises $110Mn With Plans to Launch USD-Backed Coin

The cryptocurrency based firm Circle announced it has raised $110Mn USD in a Series E fundraising round led by the Chinese firm Bitmain Technologies. Circle now joins Coinbase as one of the most well-funded cryptocurrency companies in the U.S., and the Boston-based firm has announced plans to issue a dollar-backed cryptocurrency called USD-C. Also read: Yahoo! […]