AMHash1, the "mining security" whereby friedcat's ASICMiner provided the hashing power to be managed by RockMiner and sold to investors in 1 gigahash parcels via Havelock Investments, reports today via Bitcoin Talk that their mining hardware has been stolen. A short statement by AMHash reads: Continue reading
Category Archives: China
Chinese Yuan Passes Australian, Canadian, Hong Kong Dollars in International Use
A new report by SWIFT shows that the Chinese Yuan (RMB) rising in use for international payments compared to a number of other nationally issued currencies. This surge highlights the constant instability suffered by users of fiat currencies as the increased internationalization of the RMB makes it more difficult for the users of other alternative national currencies to market their chosen value token to new users. The RMB is presently the fifth most popular national currency for payments usage behind the United States dollar, the Euro, the Pound which was formerly Sterling, and the Japanese Yen. The Yen is particularly vulnerable to losing adoption and popularity versus the RMB as it is only 0.52% more popular as of the time covered by this SWIFT report.
Inside The Bitcoin Mine Of Antpool & BW.com
Images which allegedly depict the site of two of the alleged largest bitcoin mining farms in world have been shared via the Chinese blogging site Weibo. The photos showcase what is home to the alleged miners of Antpool and BW.com, which as of today represents 19.2% and 7.9% of the hashrate respectively.
The text accompanying the images claims1 10% of the miners are perhaps resold as cloudminers and that the 100 petahash operation mines or has mined 1077 BTC with an "output value of 1.6 million a month." Continue reading
That is if Google translate is to be believed. If you can read Chinese and translate accurately to English, please get in touch. ↩
Tour Of A Chinese Bitcoin Mine
Vice's Motherboard has released a ten minute video depicting the life and times of a Chinese Bitcoin mine and its staff. The video, shot back in October of 2014, tours one of a handful of Chinese mining facilities owned by four shareholders, one of whom claimed the mine represented 3% of the Bitcoin network at the time of shooting. Continue reading