Best Bitcoin Mining Hardware - Guide to ASIC Miners ...

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SUQA is an opensource peer to peer digital currency

SUQA is a new opensource peer to peer digital currency that gives the investors 5% apr interest from term deposits even if the wallet is offline. It is based on an improved code of the secure and widely used Bitcoin Blockchain with a brand new advanced memory intensive X22i POW algo which is completely ASIC, FPGA and Quantum Resistant.
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The All-in-One, Cheap, Energy-efficient Package to Store and Mint Peercoin

Dedicated OS for low-grade and energy efficient HW like RaspberryPi or Beaglebone Black to run Peercoin minter so that decentralization is guaranteed
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Green energy produced by Dago-mining's own solar power stations and ASIC immersion cooling system makes mining very profitable. https://dago-mining.com #ico #DAGO #eth #btc #greenmining #bitcoin

Green energy produced by Dago-mining's own solar power stations and ASIC immersion cooling system makes mining very profitable. https://dago-mining.com #ico #DAGO #eth #btc #greenmining #bitcoin submitted by forexauditor to ico [link] [comments]

Is possible an Anti ASIC system? /r/Bitcoin

Is possible an Anti ASIC system? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

ASIC Clouds: Specializing the Datacenter - "large-scale ASIC Clouds have already been deployed by a large number of commercial entities, to implement the distributed Bitcoin cryptocurrency system."

submitted by Polycephal_Lee to Bitcoin [link] [comments]

ASIC Clouds: Specializing the Datacenter: "... have already been deployed by a large number of commercial entities, to implement the distributed Bitcoin cryptocurrency system"

submitted by chinawat to btc [link] [comments]

ASIC Clouds: Specializing the Datacenter - "large-scale ASIC Clouds have already been deployed by a large number of commercial entities, to implement the distributed Bitcoin cryptocurrency system."

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

With all the talk about ASIC systems entering the mining scene, lets discuss how this will impact the overall feasibility of mining and it's effects on BTC's trade value and the future of BitCoin.

I am no expert on statistics or market trends or currency valuations, but from reading what people here are saying about the exponential rise in complexity of mining and the market rates I have a few scenarios I'd like to bounce off you guys and see what the general word around the water-cooler is.
First, let us assume that Avalon and BFL(laughable at best) can produce consistent and reliable ASIC systems for sale and their hashing rates are what they say they are - 1Bh/s or 1000Mh/s and higher. If enough enter the market, one would be foolish to invest in GPU and distributed mining as the ROI is much longer and not as rewarding in a decent amount of time. This is a given.
Let us also assume that currently 99.99% of miners are using GPU/CPU mining methods and 0.01% use ASIC systems. If the complexity rises exponentially month after month for 6 months, the 99.99% of GPU/CPU users will be getting fractions of cents per day at the end of the 6 months. Naturally, ASIC sales should go through the roof to keep up with mining performance. The early adopters should make out like bandits with the low complexity variable for a good while. Naturally, there will be a shift in GPU/CPU mining to ASIC over time to keep up with mining income rates.
During this shift, ASIC adopters should be still bringing in crazy amounts of BTC's per day versus their GPU/CPU users.
Would the complexity increase inversely change the BTC value and bring it down? Or does the value go up?
Also, would the # of BT/block be reduced again in half - 12.5/Block - a very likely scenario
I want to say that ASIC systems are going to disrupt the traditional mining methods enough to perhaps turn people away from mining all together. This would be especially true if ASIC systems are prohibitively expensive to begin with, the hashing complexity becomes so high that an ROI would take over a year or 2 to achieve.
Another issue I thought of is sort of a worst case scenario for miners. If enough ASIC's enter the mining pools and the complexity goes up too high, there could be an implosion of miners basically throwing their hands up and rage quitting due to the lack of productivity. It would cost MORE to power the GPU/CPU than it would in any returns of BTC output. At that point, only the ASIC owners would be mining and reaping the benefits. The value of BTC should plummet to <$10/BTC. Anyone buying $1000+ ASIC's would not see any ROI for years to come. BitCoin could implode and be quite worthless.
I think ASIC's are a terrible idea for the currency as it can disrupt the rate that BTC are entered into the market and cause the value to be next to nothing and people would lose interest in using it. I could be completely wrong about that and if I am I would like a calm explanation of the flip side of the idea.
submitted by shifty21 to Bitcoin [link] [comments]

Bitcoin's blockchain could 'fundamentally change' financial system: ASIC chief

Bitcoin's blockchain could 'fundamentally change' financial system: ASIC chief submitted by noagendamarket to BitcoinAUS [link] [comments]

Bitcoin mining ASIC processor and systems manufacturer CoinTerra has announced it will offer hosted mining contracts.

Bitcoin mining ASIC processor and systems manufacturer CoinTerra has announced it will offer hosted mining contracts. submitted by Georges5 to Bitcoin [link] [comments]

Who would like to see a forked version of BCH with RandomX?

Most forks are either contentious or shameless money grabs, but I think this could actually be a worthwhile project. Monero's ASIC-resistance seems to spare them a lot of drama, as they don't have to curry favor with big miners. A RandomX fork of BCH could copy all the other code from existing projects, wallets, CashFusion, SLP, etc. The first thing the project would need is a system to provide atomic-swaps between XMR and RandomX-BCH.
I think such a project could be an interesting bridge between the XMR and BCH communities. It would give XMR miners another coin they can mine, it wouldn't have to fight for hash power with BTC and BSV, and it could leverage the privacy benefits of both BCH and XMR. Also, I don't think you'd need to worry about replay protection if you switched algorithms? Every BCH holder would get an airdrop, and it would basically be another expression of the bitcoin experiment, operating under its own name.
What do you think? Is it a project you could support, or something that shouldn't exist?
submitted by GiverOfSLP-DOGE to btc [link] [comments]

Reverse Chance Me: Indian-American Male

Demographics: male, upper middle class, Asian Indian, heterosexual and cisgender, Long Island, New York, high school class of 2021
Intended Major(s): Mathematics
ACT/SAT/SAT II/PSAT: 35 (35E, 36M, 34R, 36S), 1570 (800 math, 770 english, 23/24 essay), 800 math2, 800 chem, 800 physics, 1500 (760 math, 740 english; hopefully i get national merit since I made the cut off)
UW/W GPA and Rank: 4.0UW, 103.96% weighted so far (out of 100%, APs weighted 1.08 and Honors 1.06; I'm not sure what it is out of 5 but everything's been an A or higher so far)
Coursework:
10th: AP World History (4, 99%), AP Computer Science Principles (4, 99%), AP Calculus BC (5, 97%); all other grades except Chemistry (96%) at least 97%
11th: AP Lang (5, 97%), Multivariable Calculus and Linear Algebra (through school, weighted as an AP, 98%; I get college credit from a state university for taking this), AP Physics 1 (5, 98%), AP United States History (5, 99%), AP Computer Science A (5, 100%), AP Statistics (self-studied, 5); all other grades 97% or higher
the above courses were taken through school, but I enrolled as a non-matriculated undergraduate student through the same state university that's giving me college credit for high school multi to take the following courses in Fall 2019 and Spring 2020 respectively:
"Logic, Language, and Proofs" (basically introduced me to the language of mathematics and abstract proof construction, etc.) (A+), Introduction to Real Analysis (third-year undergraduate course, probably) (A+)
12th: (incoming senior) AP Lit, Differential Equations (through school, weighted as an AP; I get college credit from a state university for taking this), AP Physics C (I don't know which yet but probably E/M), AP US Gov, AP Micro, AP Spanish Lang
the above courses are going to be taken through school, but I enrolled as a non-matriculated undergraduate student through the same state university that's giving me college credit for high school diffeq to take the following courses in Summer 2020, Fall 2020, and Spring 2021 respectively:
Applied Complex Analysis (well, I actually just finished this course, so I got an A), Advanced Linear Algebra, Analysis in Several Dimensions
like 12 APs in total by the end of senior year; I have taken the most rigorous courses available + courses at college
Awards:
AIME Qualifier (missed the USAMO cutoff by one AIME question's worth of index points, oops), HMMT/PUMaC awards
President's Volunteer Service Award, Gold (by the end of senior year, I should have lifetime ~650-675 volunteer hours): 3-time winner, 10th, 11th, and (expected) 12th
AP Scholar (I don't remember which though I have it on my application, but based on the scores I have, you can figure it out if you need to), Commended PSAT Scholar
UNSCO Qualifier, USAPhO Qualifier, USACO Silver
Regeneron Semifinalist, Scholastic Silver Writing Award (this was like 2-3 years ago, I don't remember much about it)
Essays:
they're actually coming on really good so far, not done writing though
Letters of Recommendations: my multi/diffeq teacher (really epic), my physics 1/c teacher (pretty good), my counselor (really good); additionally, I'm considering getting one from my principal (he first set me up to take the college math courses because he's an adjunct professor at the university I took courses at, so it should be cool), and a Princeton dude (see below for more explanation; he also used to mentor me before I started doing research)
Extracurriculars/Leadership Roles:
Science Olympiad (have won state medals before), Math Team (treasuresecretary 12th, top scorer in county-wide mathematics tournaments), Coding/CS Club (treasurer 11th, vice president 12th), National Honor Society, DECA (have qualified for the national-level competition, ICDC), did Model UN (but stopped after 10th, so probably won't put this on)
treasurer of our school's science research program from 2018 (personally offered this position by the director of the program) to when I graduate from high school in 2021
information technologist for a science education nonprofit
formerly unpaid teacher assistant (now paid 'intern'; my position got renamed because I've started doing more than just TAing) at a weekend mathematics enrichment program I used to attend when I was younger; I just set up and now own/manage the program's Discord as well as helped implement a grading system for the students on Google Classroom during the transition from real-life classes to online, Zoom classes due to COVID-19
CTO of a startup digital advertising business I co-founded with my friend (I personally made just under $15,000 so far, but the business's net worth is about $40,000)
in July 2018, I attended a summer program that related to computer science, electrical engineering, and informatics; we learned several skills such as programming Python (including NumPy, Matplotlib, and Pandas) in the context of physical engineering concepts and the Raspberry Pi; I engineering a program comparable to the widespread arcade game “Wheel of Fortune”
hospital volunteer (transporter, a large source of my volunteer hours)
Bitcoin/general cryptocurrency trademiner, I've set up several ASIC miners and studied their stock trends to optimize the amount of money I make from them, although I put a hold on this activity when crypto started dying again
10-year piano player (stopped in 9th grade though, but I went to state-level festivals and got perfect scores on my performances), 5-year viola player (planning to qualify for the state festival this year), JV Tennis (memes), 7-year soccer player (stopped after 9th grade, though)
also I'm probably not gonna put this on my application, but out of enjoyment, my friend and I conducted a satire analysis on our in-class chemistry performance through research, usage of spreadsheet/database applications, and Python’s machine learning modules; essentially, we collaborated on our mutual objective for his project in that we sought to “predict” when our grades would drastically fall, and a psychological explanation as to why we, somewhat academically-oriented students, tend to make the most drastic shortcomings when it comes to in-class performance ( used long short-term memory in the structures of recurrent neural networks which served as a model for Keras, a Python deep learning API, to make a grade prediction based on learning the ups and downs of our previous grades)
not sure if this counts for anything, but in May of 2012, in a Nassau County-based competition that I took against high schoolers double my age at the time, I won first place for the highest amount of problems correct so that's pretty cool I guess
finally, I've done over-the-summer online research under the guidance of a postdoctoral researcher in mathematics I got the contact of during a visit to Princeton University (did his doctoral thesis under the mentoring of Terence Tao, a world-renowned Fields Medal recipient)
Other life circumstances:
recovering narcotics addict (I had an injury while playing soccer in the spring of 9th grade and got hooked for a year after I didn't need them anymore), violent/alcohol-ridden home situation; I've had some issues with mental health in 9th and early 10th grade but I think I'm doing better now yay

I really wanna make it into some kind of Ivy/T20 kinda school, but I'm open to any suggestions as to where I stand in college admissions. Also, because I took all those college math courses, I got permission from the undergraduate director of mathematics to transfer those into credits for a bachelor's degree at that state school, so I can graduate two years early (2023 instead of 2025) if I get accepted and enroll there as a full-time student.
I'd really appreciate any help! Thanks!
submitted by mesmore to chanceme [link] [comments]

Gulden [NLG] - Constant development - In wallet Staking/Mining/Dex

Official Website / Official Slack
About Gulden:
How to setup a Witness (Staking) Gulden was founded in April 2014 based on the Litecoin codebase. In 2015 the Litecoin codebase is abandoned and Gulden switched to the Bitcoin codebase. After years of development it can be said that Gulden now has its own codebase. Gulden started with a 10% premine that was spent entirely on development. The current developments are now paid by part of the mining reward. The direction of the developments are determined by the Gulden advisory board (GAB). The GAB consists of 9 members and is elected each year from the members of the community. Anyone can stand for election. Voting for candidates is recorded and done through the Gulden blockchain. Gulden would like to become a generally accepted means of payment. To this end, the development is aimed at making the wallets as user-friendly as possible.
What makes Gulden unique:
- PoW2 - Proof of work + Witness/Staking - SegSig (Segregated Signature) - SIGMA (Semi Iterated Global Memory Argon) - Linking (Control your mobile wallet from your desktop wallet) - Wallet accounts - Unity (Unified codebase) - Delta (Difficulty Algorithm) - Sonic (Fast Sync)
Features of Gulden explained:
PoW2: Gulden does not use a standard PoW consensus model, but the in-house developed PoW2 model. This is a combination of PoW and Witness. Miners control the transactions and the Witness controls the miners. In order to get the same chance of success for a double spend as for the single transaction approval systems it is therefore necessary not to control >50% of the mining power or >50% of the number of coins in witness accounts but to own more than 71% of both systems. (0.71 * 0.71 = 0.5 so 50% chance).
Because many Gulden owners have their Gulden fixed in witness, it is difficult to get a 71% majority in witness. There are now more than 100 million Gulden in witness. In order to get a 71% majority, an attacker has to secure an additional 220 million Gulden in witness. Apart from the fact that this is almost impossible, the price of the Gulden would go up sky high if so much Gulden had to be bought by the attacker. And because the attacker has to lock the Gulden, it looks like a bank robber who is going to rob his own bank. So such an attack is theoretically possible, but not possible in reality.
Anyone can become a witness: by locking an amount of Gulden in a Witness account in the desktop wallet for a certain amount of time. Depending on the weighting of the witness account (chosen duration and amount in the account) the witness earns rewards. The advantage of this system is that the Gulden blockchain can withstand 51% attacks without relying heavily on energy-guzzling PoW miners or vulnerable standard PoS systems. Transactions can be safely accepted after one confirmation instead of the standard 3-6 confirmations.

  1. PoW2 Whitepaper simply explained PoW² explored — A post-launch look at some of the security implications How to setup a Witness
SIGMA: Since October 17, 2019, the Gulden team has implemented the Sigma algorithm and since then it is possible to mine Gulden solo without additional equipment. The algorithm is asic resistant and can be done on a normal desktop computer using it’s CPU. One can simply use this CPU mining algorithm by creating a mining account in the desktop wallet and start mining Gulden.
SegSig - Segregated Signature - Detailed article still to be published but was implemented with PoW2. Advantages of Segregated Signature: 1. 58% space saving on all transactions. More then twice the bitcoin SegWit implementation. 2. 58% increased transaction throughput. No block size or frequency changes needed. 3. Overhaul to the transaction script system which allowed us to implement PoW² and SegSig as clean as possible along with other benefits.

Please take your time and read the technicals on this coin as its truly phenomenal and seriously under valorised and recognised. Barely any effort has been made to market its potential but you can judge yourself. Read the PoW2 Whitepaper or the short version PoW2 simply explained
The Official Website and Official Slack chatroom.
submitted by mainpmf to CryptoMoonShots [link] [comments]

$LEAS Strategic Asset Leasing Inc. Enters Into LOI

Strategic Asset Leasing Inc. (OTC PINK:LEAS), the Company, is pleased to announce a Letter of Intent (LOI) to acquire a cryptocurrency mining data center.
Under the terms of the Agreement, the Company will acquire the building, infrastructure, and all mining hardware. The New Jersey based facility is Telecom Industry (ANSI/TIA-942) rated level 2, which exceeds the project's demands and offers robust protection from physical events. There is currently an extensive amount of mining hardware, including GPU and ASIC systems, which the company intends to expand on over time. The systems are set up to mine Bitcoin, Litecoin and Ethereum.
submitted by clootch1 to pennystocks [link] [comments]

Dear Monero, Thank you for not giving up on the dream of "one-CPU-one-vote"

Dear Monero, Thank you for not giving up on the dream of submitted by Fiach_Dubh to Monero [link] [comments]

Cryptosoft Review 2020-Is it a Scam?

Cryptosoft Review 2020-Is it a Scam?

Most f the reviews we tend to have come back across reveal that the Cryptp soft platform is easy to
Their client service is very efficient. We did a live check and confirmed that they respond at intervals a moment. Moreover, they are available 24/7.
The Cryptp soft app is secure. They need all the mandatory measures in place to make sure data privacy.
The Cryptp soft System is considered by several among the most effective robots within the market nowadays. We have a tendency to realize this robot to perform virtually the same with Bitcoin Rush, another top bitcoin robot. Read the review of Bitcoin Rush for more data?
Cryptp soft registration method is straightforward, easy, and secure. You only want but 10 minutes to form an account and begin trading. Cryptp soft is a absolutely auto bot and is so accessible to everyone.

https://preview.redd.it/giu6kclgfnn51.jpg?width=1280&format=pjpg&auto=webp&s=f605d84ba2174f831ca825dbaffddf061b3a55b5
You do not want to perceive trading lingo to use Immediate Edge. The following steps can get you started with this robot.
STEP ONE: Fill the Signup type

Visit the Cryptp soft home page and register your name, phone number, and email in the provided kind. You will be asked to verify your phone variety via a text code and email through a link. CryptoVibes will ascertain that the Cryptp soft registration process is secure.

Their web site is SSL secured to confirm that hackers cannot steal personal information submitted through it. Cryptp soft cyber safety policy states that they're GDPR adherent. This suggests that they handle your knowledge with strict privacy.
STEP TWO: Get matched with a broker

The Cryptp soft Software then matches you with one in every of their partner brokers. The role of the broker is to receive deposits and facilitate transactions. We have a tendency to have determined that Cryptp soft only partners with regulated brokers.

With a regulated broker, they guarantee that your cash is safe. Reputable regulators such as the FCA, FSB, ASIC, and CySEC need brokers to segregate deposits and submit periodic reports on deposit usage.
You wold like a deposit of a minimum of $250 to trade with Immediate Edge. Do not confuse this quantity with the value of the robot. Cryptp soft does not need any license fee. The house owners of this robot build money by charging a small commission on the profits generated through the app
Deposits with Cryptp soft should be created through Wire Transfer, Visa, and MasterCard. It takes a few seconds for a deposit to reflect in an exceedingly trader’s account. Cryptp soft does not charge any deposit fees.
The Cryptp soft does provide a demo account to help traders familiarize themselves with its web-trader. CryptoVibes recommends that you are doing demo trading before going to live to trade. Please note that the demo is for demonstrative purposes solely.
The results you receive on the platform are primarily based on historical information and could therefore not mirror what you'll get in live trading.
The Cryptp soft live trader comes with features to help you outline the amount of risk you are willing to require per trade. You wish to go through the demo account to familiarize with these features. As mentioned severally in this review, you do not want specialized skills to use this robot.
Live trading with Cryptp soft involves determining the quantity of capital you plan to risk per trade and clicking the live button. Scan our review of Bitcoin Trader for one more straightforward to use the robot.
*Remember all trading risks and you shouldn’t risk more then you'll be able to afford to lose.
How to get the most out of Cryptp soft App
We have identified the following tips as paramount in guaranteeing that you make the most of Immediate Edge.
Begin with a deposit of $250 – Given the level of risk involved in trading with Immediate Edge, you should start with a tiny investment.
Follow crypto market news – You need to determine the type of reports that drives volatility high and capitalize on them. Cryptp soft claims to form the foremost profits throughout high market volatility.
Trade for eight hours per day – In keeping with Immediate Edge, trading for at least eight hours per day can help maximize profits. Cryptp soft is entirely auto, and hence you'll be able to leave the robot running as you continue together with your daily errands. You are doing not want more than twenty minutes per day to observe your account.
Close trading sessions at the tip of the day – Leaving open positions overnight is doubtless to translate to losses since the markets can change considerably overnight. It is better to shut sessions even if in the negative and start trading again the subsequent day. With a correct risk management strategy, there is no would like to fret concerning periodic losses.
Following our review we tend to realize Cryptp soft to be legit. But, traders ought to take additional caution, provided that this bot comes at a degree of risk. Whereas the app claims it's potential to form profits of up to 50percent per day, you'll be able to additionally lose the complete deposit inside seconds. This is often not sudden for a high-frequency trading robot.
We recommend that you just apply the required risk management measures. As a rule of thumb don't risk more than 10percent of your trading capital per trade. Also, never trade with an amount you cannot afford to lose. It is prudent to start small and add cash as you get conversant with the various features on the platform.
Recently, a brand new trading software was added to the bitcoin investment trade. This software is termed Cryptp soft and it is allegedly created by a corporation or organization called the International Council for Bitcoin.
There is additionally a letter out there on their web site that has been signed by someone named David. This person claims to own earned over 1,000,000 as a results of investing in bitcoins. What’s very shocking concerning this letter is that David claims to have earned that huge quantity in just one trade. If we have a tendency to place it in simple words, David became a millionaire overnight.
We tend to highly doubt that a trading system that has been launched recently will have such potential. To verify the main points of this software and to determine its legitimacy, we have a tendency to conducted our own research and investigation.
Cryptp soft is a bitcoin trading software that’s meant to assist newbie traders get involved in Cryptocurrency trading with less risk than ancient investment opportunities. Cryptp soft software was created by The International Council For Bitcoin who is PRO Bitcoin trader Group behind the Cryptp soft software. Notice out all concerning Cryptp soft software by The International Council For Bitcoin.
Cryptp soft Software may be a nice development by a famous, well established and experienced bitcoin trader Investors with a viewpoint to enable traders to perform different tasks with ease and convenience.

https://preview.redd.it/uuh85yghfnn51.png?width=1238&format=png&auto=webp&s=d0558e6e123114b6624d5a724b3b9b5983e717e1
Cryptp soft Software is essentially a Binary choices trading software that is designed to assist traders win and predict the Binary options trend of their respective choices. Cryptp soft APP works as a code to urge financial success, shows traders how they'll make money on-line, helps them to find different ways in which to induce huge returns on their investment. The Cryptp soft Trading Software additionally provides analyses of Market conditions so that traders will recognize what ought to be their next step. Cryptp soft System gives secret cryptocurrency ways that ultimately help binary traders to create thousands of greenbacks solely for some bucks.
Several individuals can say that Cryptocurrency Trading may be a risky business and tend to remain faraway from it. But from my expertise, high volatility means HIGH RETURN OF INVESTMENT in Crypto Market. But this can be where the Cryptp soft comes into play, the mathematical algorithm used by Cryptp soft Software takes the guesswork out choosing a winning profitable trade. You don’t must be an expert. Like I said earlier, I actually have personally tested the Cryptp soft and found the success rate is about ninety sevenpercent. I don’t apprehend concerning you, but a ninety seven% probability of earning a profitable trade is TERRIBLY GOOD! I’ve never come across something like this trading software before. Keep reading, below are my Cryptp soft results for the past week or so…
Watch over the Shoulder of a Professional Each Day and you'll be able to learn as you trade.
Averaging 97% Winning Weeks With Cryptp soft which suggests that more potential profits for you
Cryptp soft Software Are Fully Transparent
No previous experience with binary choices trading required
Web-based mostly, no need for downloads, additionally works on phones, tablets
You'll be able to Even Watch Cryptp soft Signals From Your Phone (iPhone Users — Photon Browser)
If you are ready to begin making cash online with an on the spot edge, there has never been a better chance than currently. If you enjoy surfing the web for countless hours trying for the next Trading Method Secrets, never being able to urge centered, being overloaded with conflicting information, and not creating cash on-line, you ought to probably leave this page right now and get back to that Cryptp soft System strategy
Cryptp soft bot could be a new cryptocurrency trading invention that comes with options that create this software stand out among others. It is conjointly an automatic trading platform that uses a smart program algorithm to detect favorable trading opportunities. It acts on its own or waits for a prompt command from the user depending on the software’s settings. But what makes this software unique and a favorite to individuals is what we have a tendency to shall unveil in this review.
There have been lots of unverified claims of how totally different cryptocurrency software have helped several people to make massive profits leading to Scam individuals. However, it's pertinent for cryptocurrency traders to verify if a particular trading software may be a scam or legit, which is also ?
After subjecting the features of the Cryptp soft bot software to a series of tests, the software isn't a scam however legit. The Cryptp soft bot is believed to have successful rate of 85%, that is a lot of than the 80percent benchmark for average software. The Cryptp soft bot has helped cryptocurrency traders to make sensible profits, which has been documented as testimonies on the software’s website.
Trading on the platform is straightforward and might not require experience. We had to verify the simplicity of the software, and we tend to discovered that the software is easy to navigate. The demo trading feature of the software makes it potential for brand new users to hold out trading activities in an exceedingly simulated atmosphere while not having to risk their investment. This any gives credence to the legitimacy of the software because it ensures that new users get accustomed to the features of the software before continuing to measure to trade
As earlier stated, the Cryptp soft bot could be a high-tech program software that comes with exceptional options that makes it among the simplest cryptocurrency trading software in the blockchain market. The outstanding features of the Cryptp soft bot embody the subsequent:
https://www.cryptoerapro.com/cryptosoft/

http://www.cryptoerapro.com/

https://twitter.com/cryptoerapro

https://www.instagram.com/cryptoerapro/

https://www.pinterest.co.uk/cryptoerapro/
submitted by cryptoerapro to u/cryptoerapro [link] [comments]

The deepest report: Bitmain's self-help history

The deepest report: Bitmain's self-help history
The original intention of this article is to let readers understand the causes and consequences of Bitmain internal fighting, but after writing it, I found that it is not so much internal fighting as it is a long history of self-help.
The story is very long. Let's adjust the timeline to the eve of December 17, 2018. That was one of Bitmain's most critical moments and the beginning of a series of subsequent stories.
1. Self-immolation In September 2018, Bitmain's financial department warned management that the company's cash flow has become very tight and operating costs must be reduced to allow the company to continue. The blockchain unicorn, which is valued at more than 15 billion U.S. dollars, is crippled in the run and struggling to break the corner.
In 2017, Bitmain made a profit of 1 billion US dollars In the first half of 2018, Bitmain made a profit of 1 billion US dollars Three rounds of financing, a total of 800 million US dollars Net assets should exceed 3 billion U.S. dollars In September 2018, Bitmain had tight cash flow and was on the verge of bankruptcy
A simple comparison, it is not difficult to see that Bitmain's ability to make money is incredible, and its ability to burn money is even more extreme.
How does Bitmain burn money? Do you pour cash into gasoline and burn it, or hire a lot of employees to stuff the banknotes one by one into the shredder? The actual situation is closer to the latter.
The following data can help readers quickly learn Bitmain's money burning skills.
At the beginning of 2018, the entire cryptocurrency market has entered a bear market, but Bitmain's monthly operating costs have been rising wildly. Operating costs have risen from 10 million US dollars at the beginning of the year to 50 million US dollars at the end of the year.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
Operating costs are just the tip of the iceberg. Excessive chip trial production can become a classic case of project management courses. Readers who pay attention to Cryptocurrency mining can easily find that Bitmain is still working hard to clear the inventory of Antminer S9 in 2019. As the co-CEO, Ketuan Zhan did not listen to the advice or even warnings of the Finance Department, insisting on the implementation of Excessive chip trial production, resulting in a large accumulation of inventory and tight capital turnover. Another CEO, Jihan Wu, once revealed that the loss of Excessive chip trial production to the company was approximately US$1.5 billion.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
The BM1393 chip incident is even more incredible. Chip expert Ketuan Zhan invested a lot of money on a failed chip, and finally failed again. From 2017 to 2018, Bitmain has failed Trial production of mining machine chips at least 4 times, including 16nm, 12nm and 10nm chips, of which 16nm Trial production failed twice, thus losing at least US$1.2 billion.
It is rumored that Bitmain still holds a billion U.S. dollars worth of cryptocurrency in a state of floating loss. In view of the rebound in the market in 2020, we will not comment temporarily, waiting for the correct answer from the cryptocurrency market. But the losses pointed out in the previous article are all irreversible.
2. Sole power
In September 2018, Bitmain's management realized the seriousness of the problem. It turned out that the company's money could be squandered. As a result, the management began to discuss self-help plans, and the most reasonable and effective way was obviously to lay off employees.
The probation period for newly hired employees at Bitmain is half a year, and the probationary salary is 100% of the official salary, there is no difference. Once layoffs are made, new employees who have not passed the probationary period will be the main layoff targets. The department managed by Ketuan Zhan will face large-scale layoffs. The layoff plan is strongly opposed by Ketuan Zhan. Bitmain can only temporarily abandon the layoffs and replace it with continuous reductions. For marketing and travel expenses, a budget committee was established to strictly approve every expenditure. At the same time, employee benefits, such as reimbursement of taxi expenses, breakfast supply, snacks and drinks, etc., have also been abolished, and even the tradition of giving employees 400 yuan worth of BTC/BCH every month has been stopped.
In the face of huge cash flow pressure, trivial savings is obviously of no avail. Soon, the management again discussed the layoff plan, and it has reached the point where it has to be laid off.
In December 2018, Jihan Wu began to organize all entrepreneurial veterans and business backbones to persuade Ketuan Zhan to agree to layoffs, but Ketuan Zhan still insisted not to layoffs. The persuasion process was very unsuccessful. After many meetings and intense debates, Bitmain executives were caught in a dilemma of wasting time with Ketuan Zhan.
In this process, the shortcomings of the dual CEO system began to appear, and the relationship between the two CEOs gradually deteriorated.
On the night of December 16th, Ketuan Zhan reconvened the management meeting, and more than 30 managements who were present were asked to hand over their mobile phones. At this time, Jihan Wu was on a business trip in Hong Kong and was busy with listing related work.
In the meeting, Ketuan Zhan's core content was three items:
(1) Bitmain cannot have two CEOs, only one CEO and must be Ketuan Zhan. Ketuan Zhan said that he met an old leader during a business trip. He hadn't seen each other for many years. The old leader suggested that the company can only have one CEO, and it must be him. Ketuan Zhan feels that this is a kind of fate, an opportunity given by God.
(2) Ketuan Zhan believes that the company's cash flow problems, the biggest responsibility is the inability of the financial department. To prove his point, Ketuan Zhan announced Bitmain's financial data at the meeting. In the evening, employees in Taiwan began to post messages on social media, saying that the company's capital chain was broken and the top management was split.
(3) If Ketuan Zhan is not supported, the option will be cancelled and the equity will be voided.
Hearing about this, Jihan Wu, who lives in Hong Kong, sent a WeChat message to the management who are attending the meeting.

https://preview.redd.it/zkj2d44tqid51.jpg?width=1080&format=pjpg&auto=webp&s=9251c1f7308e155d7911d5969e71091a5ad5e14a
On the afternoon of December 17, 2018, Jihan Wu returned to Beijing to negotiate with Ketuan Zhan all night, and finally reached a consensus in the early morning. Bitmain co-founder Yuesheng Ge announced the results of the negotiations. Jihan Wu and Ketuan Zhan ceased to serve as CEOs, and Haichao Wang served as CEO. Jihan Wu voluntarily backed down and Ketuan Zhan served as chairman.
The "12.17 Incident" had a very bad impact on Bitmain, especially the disclosure of Bitmain's financial status, which caused vendors to start dunning. The loan that had just been negotiated with the Bank of Beijing was cancelled the next day. Jihan Wu's resignation as CEO caused an uproar in the industry, and it became a hot topic among Cryptocurrency mining, blockchain practitioners, and investor communities. The media focused their interpretation on Bitmain's series of incidents, and generally looked down upon its ongoing Hong Kong IPO, believing that the high-level changes had already signaled the failure of the IPO in advance.
On Christmas December 24, 2018, Bitmain finally began to implement the layoff plan. This long-delayed “correct decision” was achieved after a stalemate for nearly three months. The AI ​​teams in Beijing, Singapore, Taiwan, and Shanghai have laid off more than 50% of their employees. The Israeli R&D center was closed and Shenzhen New Species Technology Co., Ltd., which had been acquired for only ten months, was dissolved, and all employees were laid off. Copernicus, Bitmain's top blockchain development team, was not spared and was wiped out in this layoff. Copernicus and some of the laid-off employees joined the new company Matrixport co-founded by Jihan Wu and Yuesheng Ge, headquartered in Singapore.
3. Past events when starting a business
After the "12.17 Incident", Jihan Wu gradually faded out of Bitmain's management affairs and turned his attention to the IPO and new company. And this is one of Jihan Wu's major mistakes, he began to let Ketuan Zhan manage Bitmain alone.
In fact, as early as 2013, Jihan Wu planted hidden dangers.
Jihan Wu, an investment banker, was the earliest translator of the Bitcoin white paper. He began to get involved in the cryptocurrency mining industry in 2012. The disappearance of Kaomao and Nangua Zhang's ticket skipping led Jihan Wu to decide to develop his own chip.
In 2013, Jihan Wu established his own mining machine company. Together with Yuesheng Ge, who was only 20 years old, he found Ketuan Zhan, an integrated circuit designer of the Chinese Academy of Sciences, to create the protagonist of this article, and later the digital Cryptocurrency mining giant, Bitmain.
Jihan Wu promised Ketuan Zhan that every time a mining machine chip was successfully developed, he would give some shares to the Ketuan Zhan team. At that time, the company founded by Ketuan Zhan was on the eve of falling apart. In order to regroup the team, Ketuan Zhan promised to share half of his shares with the team members. Unfortunately, this is just a bad check. With the rapid development of Bitmain and higher and higher valuations, the expanding Ketuan Zhan almost monopolized all the shares.
Like many startups, Bitmain encountered many difficulties in its early days, and many jobs had to be done by the boss. For example, in the chip design and production process in the second half of 2013, Bitmain was caught in a dilemma of insufficient funds. Jihan Wu personally raised funds and met with TSMC’s sales to persuade TSMC to accept the production needs of a start-up company. Jihan Wu also participated in the selection of the thermodynamic parameters of the heat sink in the Antminer S1.
In 2014, Jihan Wu discovered that this company was independently operated by Ketuan Zhan, which had huge problems. Forcing Jihan Wu to continue to participate in company management.
At that time, Bitmain's mining machine chips had just achieved a certain lead in the standard design process. Jihan Wu believes that the next step must be to develop full customization technology, but Ketuan Zhan plans to invest resources in the research of mobile payment chips.
Ketuan Zhan met a mysterious person from the Party Central Security Bureau who claimed to be able to manipulate the Party Central Committee’s decision-making process for the next generation of mobile payment cryptography standards, but this direction is likely to lead to the fact that Bitmain has just gained the lead in the mining machine market. Regained.
Jihan Wu said that as a graduate of the School of Economics, with a little memory of his high school stage and the knowledge reserve of a computer technology amateur, he retrieves various materials and papers every day, learns theories related to full customization, and goes to Ketuan Zhan conducts persuasion work there.
Fortunately, in the direction of full customization technology, Ketuan Zhan finally listened to Jihan Wu's opinion. Bitmain quickly integrated the technical experts from the United States and Russia introduced by Jihan Wu, which greatly improved the design level of chips and complete machines.
In 2015, Jihan Wu suggested that Ketuan Zhan consider the direction of artificial intelligence. But Ketuan Zhan is not here, he prefers the CPU direction. After staying asleep at night, coupled with in-depth analysis by the Bitmain investment team, Ketuan Zhan finally agreed with this direction. It is a pity that after the Tianshi Chen brothers made major breakthroughs in theory and practice, Bitmain officially invested in the relevant direction, and it was still a step behind.
In the two years from 2016 to 2017, Bitmain's business performance has achieved rapid development, becoming a unique super unicorn in the blockchain industry. According to Froth & Sullivan, in 2017, Bitmain Technology Holdings was the second largest fabless chip design company in China and the tenth largest fabless chip design company in the world, and the fourth largest fabless ASIC chip design company in the world, accounting for 74.5% of global cryptocurrency market share.
However, the huge crisis has long been buried in the early days of entrepreneurship.
Ketuan Zhan's decision on major directions revealed his weakness of extremely lack of business understanding. But every mistake he made was blocked by the company's core employees. His overconfidence in his management ability led to the gradual intensification of conflicts, and the management differences between the two founders became more serious.
4.The giant gets lost
The contradiction between the two broke out on December 17, 2018. Ketuan Zhan used extreme means to force the management to compromise with him by canceling the option, so as to achieve the goal of sole control of the company. Jihan Wu returned to Beijing from Hong Kong overnight and negotiated with Ketuan Zhan all night. In the end, the two resigned as CEO. Jihan Wu retired. Ketuan Zhan has the exclusive rights of chairman in exchange for the implementation of the layoff plan.
Jihan Wu's voluntary retreat has intensified Ketuan Zhan's management to do whatever he wants.
A Bitmain employee commented on Ketuan Zhan's management skills, summed up in two letters-SM.
After becoming the sole helm of the company, Ketuan Zhan quickly "rectified" the department in charge of Jihan Wu as the chairman of the board. He guided the sales of mining machines at the dinner, and pointed out that the sales performance is not due to the sales staff. Ability is strong, but the company provides opportunities. Take two sales leaders as examples, saying that if the company hadn't given the opportunity, they would still be losers. In addition, Ketuan Zhan also instructed the sales staff on how to toast and imparted the wine table culture and experience.
After the meal, Ketuan Zhan came to the conclusion that the quality of Bitmain sales staff was too poor, and Huawei’s blood needs to be injected to drive the company’s progress. Soon, the marketing and sales director from Huawei officially took over Bitmain, opening the era of brand premium for Antminer.
In order to further understand and guide the sales work, Ketuan Zhan asked to meet the customers with the sales staff. During the negotiation process, Ketuan Zhan had a heated discussion with customers on the issue of Chinese and Western medicine, and had also forced the sales staff to be able to ship 10,000 machines due to insufficient production capacity.
Although the requirements for sales personnel are strict, Ketuan Zhan has provided a lot of convenience for "Mainland Ark". In addition to selling mining machines at a more favorable price, Bitmain's mining machines are also hosted in Ming Wang at a higher price than the market price. Mine. It is reported that both Ketuan Zhan and Ming Wang are shareholders of Ark.
The new sales strategy of Huawei's executives has also brought very obvious changes to Bitmain. The self-righteous brand premium reduces the price-performance ratio of Antminer, causing competing products to eat away at Bitmain's market share. Later, Bitmain found that the strategy was wrong and started to cut prices, and found that the mining machine market was saturated and the purchase demand of miners had decreased.
More dangerous than the sales strategy is that the technical advantages of Antminer are being chased by competing products, and even overtaken. At the same time, the two mining pools under Bitmain also lost their first and second positions. The AI ​​business, which Jihan Wu placed high hopes and Ketuan Zhan personally supervised, became a laughing stock in the industry. Not only did it fail to make a profit, it almost brought down Bitmain.
Blindly introducing senior executives from Huawei to occupy important positions completely destroys the company's internal cultural foundation. The bureaucracy within Bitmain began to corrode from high-level employees to ordinary employees. Ketuan Zhan is not aware of this. He is still keen on recruiting Huawei employees, imitating Huawei's organizational structure and strategy, letting HR do sales and R&D personnel to do HR.
The organizational structure adjustment in October 2019 was the fuse for Ketuan Zhan to completely anger Bitmain management. This time, Ketuan Zhan completely marginalized Bitmain’s veteran employees, and suddenly promoted some of the “airborne soldiers” who had just joined the company to the position of person in charge, which caused the former person in charge to report to the new employees. The two managers who were originally equal The hierarchy becomes the subordinate relationship, the operation and development of different business lines are merged into a large department, the upward reporting process becomes more cumbersome, and the relationship between employees becomes delicate.
5. Headwind
On October 29, 2019, Jihan Wu urgently held a staff meeting. Prior to this, the legal representative of Beijing Bitmain has been changed to Jihan Wu, including the parent companies Hong Kong Bitmain and Cayman Bitmain. Jihan Wu stood in the lobby of Building 25, B1, announcing that Ketuan Zhan has been relieved of all duties. Any employee in the Bitmain Group shall no longer execute Ketuan Zhan’s instructions and participate in any meetings convened by Ketuan Zhan. If there is any violation, the company will demotion and expel the company based on the severity of the circumstances. If losses are caused to the company, the company will be held accountable.
Jihan Wu's speech is very long, which can be summarized as follows:
(1) Ketuan Zhan has been relieved of all duties. Also expelled from the original Huawei company HR Zhi Wang introduced by Ketuan Zhan at the end of 2018. Zhi Wang’s reputation on Bitmain was extremely poor and was ridiculed by employees as "nine thousand years" (In ancient China, the emperor was called "ten thousand years old", and the prince was "eight thousand years old." However, in the Ming Dynasty, there was an eunuch who caused harm to the country and the people. He called himself "nine thousand years old", meaning that he was only A little lower than the emperor's level).
(2) Ketuan Zhan's ability to control the company's option incentive plan has disappeared, and it is no longer possible to cancel employees' options at will.
(3) The organizational structure adjustment plan led by Ketuan Zhan was suspended.
(4) We are optimistic about the future of AI business, but the premise is that the main business can continue to make profits in order to support the company's continued investment in AI business.
In the speech, Jihan Wu also told employees the whole story of the "12.17 Incident" and bluntly said that the company is not in good condition. If no measures are taken, Bitmain is likely to go bankrupt in three quarters and he must come back to save the company.
At this time, Ketuan Zhan, who was on a business trip in Shenzhen, finally experienced the situation of Jihan Wu in the "12.17 Incident".
After the official return, Jihan Wu began to clearly point out the company's various problems in operation and management, and went deep into each business line to understand the situation. In the mining machine sales department meeting, employees spoke enthusiastically, reflecting on the difficulties and opinions encountered in the work, the marketing and sales director from Huawei asked with a surprised look, "Why didn't these issues be reported to me before?", and soon , The director was interviewed and "voluntarily resigned."
On November 2, 2019, Jihan Wu announced a salary increase for all employees. Bitmain’s last salary increase dates back to 2018. In principle, Bitmain has two salary increases every year.
On November 7, 2019, Ketuan Zhan spoke on social media for the first time, describing his hardship in starting a business, and condemning Jihan Wu for “stabbing a knife in the back”. At the end of the article, he also set himself a KPI for 2020, that is, the mining machine market share will reach 90%, and the AI ​​business will earn 1 billion.
But Ketuan Zhan's majestic plan did not make Bitmain employees feel emotional, but ridiculed him instead. Employees exposed that he insulted employees, advocated Chinese medicine, believed in Buddhism, drank in meetings, practiced Qigong...
However, there is less than half a year before the halving of Bitcoin production, and the cryptocurrency market shows no signs of recovery, which makes Bitmain management very anxious.
On January 6, 2020, Bitmain ushered in another round of layoffs, with a layoff ratio of about 1/3. This time the layoffs have caused many employees who have just increased their salaries to feel very grieved. On the one hand, they were looking forward to Jihan Wu's return. On the other hand, the compensation for this layoff was less than 18 years.
Ketuan Zhan, who has been unable to enter the Bitmain office area, once again spoke on social media and firmly opposed to layoffs. We do not need to lay off staff and we cannot commit suicide.
During the Spring Festival, Covid-19 broke out. Mainland China has begun to extend the Spring Festival holiday and advocate working from home. Under the chain reaction caused by Covid-19, most companies have chosen to cut salaries or even lay off employees. In the first two months of 2020, China's exports fell by 17%, U.S. stocks were broken four times in a row, Bitcoin plunged 40% in 24 hours on March 12, 2020, and crude oil futures fell by 300% on April 20, 2020...
Obviously, Jihan Wu can't predict, but this layoff seems to be the right decision again. In addition, from January to April 2020, Bitmain's revenue exceeded US$400 million amid the spread of Covid-19 and the collapse of the financial market.
6. Fight to the death
When Jihan Wu tried to get the company back on track, Ketuan Zhan was not helpless. On April 28, 2020, Ketuan Zhan finally rolled back the legal representative of Beijing Bitmain to before October 28, 2019 by repeatedly submitting administrative reconsiderations, and restored his status as a legal representative.
On the morning of May 8, 2020, a piece of news about Bitmain quickly appeared on the real-time hot search rankings, and even dominated the headlines of the day. At window 52 on the second floor of the Haidian District Government Affairs Center, when Ketuan Zhan, the legal person of Beijing Bitmain Company, was receiving the business license, a group of unidentified people snatched the business license from the industrial and commercial administrative staff. A source at the scene said that the number of unidentified people in the group was about 60 people, of which Luyao Liu was directing at the scene.
This is a skillful piece of news. It first leads readers to think that Ketuan Zhan is a victim, using 60 people to grab business licenses as the focus. The masses accused Jihan Wu of lawlessness, but ignored whether the government affairs center could have 60 personnel. As for Hong Kong Bitmain to have the right to appoint a representative to obtain a business license, this is a deeper level of thinking.
The follow-up report restored the real situation at the scene. Only more than ten people were present, and both sides were equipped with security personnel. Bitmain employees also broke the news in the circle of friends, claiming that Ketuan Zhan's bodyguard had injured Bitmain's authorized person, and said in a threatening tone, "Be careful!"
However, the subsequent plot reversal did not have much effect. Jihan Wu's reputation has been greatly affected. From a bloody soldier who rescued the company in trouble to a lawless criminal, it can be said to be a world of war. do not.
Ketuan Zhan, who succeeded in the first battle, began to counterattack Bitmain continuously. On the afternoon of June 3, 2020, Ketuan Zhan led a team to pry open the back door of the Beijing Bitmain office and formally occupied the deserted Beijing headquarters.
On June 4, 2020, Ketuan Zhan called on Bitmain employees to resume work and promised to expand the company's market value to more than US$50 billion within three to five years. After that, Ketuan Zhan began to contact employees by phone, trying to acquire the options in the hands of employees at a valuation of 4 billion US dollars.
Subsequently, Ketuan Zhan recalled Huawei's executives and issued a series of personnel appointments and removals. As of June 9, 2020, Ketuan Zhan has successively eliminated CFO Luyao Liu, and Wenguang Wang, the head of the mining center. Luyao Liu is responsible for controlling Bitmain's IPO plan. He also appointed Yanwu Ma as the HR director, Gang Ren as the head of the mining center, Yonggang Sun as the head of the supply chain, Ling Gu as the financial director, and Bin Zhu as the head of the mining machine business department. Bin Zhu is the senior executive of Huawei who was interviewed and left as mentioned in the previous article. During his tenure, he reduced Antminer’s 90% market share to 50%, and received a large number of complaints from miners. Internal employees once speculated that he might be Compete against the spies sent by the company.
In addition to recalling senior executives of Huawei, Ketuan Zhan also urged employees to return to work. They can receive a bonus of 10,000 yuan when they return to work on the same day, which is only half the next day. Ketuan Zhan showed a very kind side. Every time the elevator door is opened, Ketuan Zhan's hot gaze can be met, shaking hands, taking photos, and receiving money. As there is no personnel information, Ketuan Zhan does not know whether the person receiving the money is a Bitmain employee, and these people did not resume work the next day.
The effect of gentleness was not good, Ketuan Zhan began to force employees to return to work. Seeing that there are still very few respondents, Ketuan Zhan threatened employees through SMS, phone calls, EMS, emails and other harassment, issued multiple threats such as termination of contract, suspension of payment of social insurance, suspension of wages, and even used personal information saved by employees to form a group of employees. Domicile threats, requiring employees to perform "work handover", trying to force employees to return work computers, etc.
On June 10, 2020, the media revealed that Ketuan Zhan had controlled Bitmain's Shenzhen factory and prohibited employees from delivering normal shipments to paid customers, which caused difficulties in the operation of the Bitmain mining machine department.
On June 13, 2020, Hong Kong Bitmain, the parent company of Beijing Bitmain, issued a statement accusing Ketuan Zhan of signing a "Sales Agency Agreement" with the Ark Data Technology Co., Ltd. in which it holds shares, in an attempt to embezzle Beijing Bit's assets.
On June 17, 2020, the media revealed that Ketuan Zhan started selling 14,000 T17+ series mining machines at low prices.
On June 20, 2020, Hong Kong Bitmain officially suspended the supply of chips to the Shenzhen factory.
On July 13, 2020, in the "A Letter to All My colleagues in the Shenzhen Factory" released by Bitmain in Hong Kong, more details were added on the series of Ketuan Zhan's actions in June.
The legal person Feng Zhou of the Shenzhen plant is related to Ketuan Zhan. After being relieved of Ketuan Zhan's post, Jihan Wu flew to Shenzhen to have a long talk with Feng Zhou. Jihan Wu believes that Feng Zhou is the right person to manage the factory and help the company overcome difficulties, and decides to leave Feng Zhou to continue to manage the factory.
This wrong decision staged a story of a farmer and a snake. When Ketuan Zhan began to counterattack Bitmain, Feng Zhou was also quickly instigated and began to assist Ketuan Zhan in seizing customer machines and transferring 17,000 T17 mining machines in the warehouse. Hainan Continental Ark Data Technology Co., Ltd., which is held by Ketuan Zhan, sold them at a low price.
In order to protect the interests of customers, Jihan Wu had to make a compromise and paid the payment for some goods to a bank account controlled by Ketuan Zhan in exchange for delivery. However, after the other party received a payment of 109 million, the delivery stopped. On July 8, 2020, 5600 mining machines have been overdue.
At the same time, the factory defaulted on suppliers’ accounts payable as much as 200 million yuan. Bank acceptance bills issued by the factory, exceeding 36 million yuan, will expire on July 17, and more than 34 million yuan will expire on July 23. It is understood that Ketuan Zhan, after receiving the bank's dunning call, made it clear that he would not repay the loan, which would destroy the company and the entire group's credit in financial institutions.
7、 This is not the end
So far, the power struggle between the founders of Bitmain has been more than half a year. The office building already occupied by Ketuan Zhan is still empty, and most employees choose to work from home. Some chip developers returned to the office with the acquiescence of Jihan Wu and continued to maintain research and development to reduce the impact of infighting on technological iteration and competitiveness.
This giant ship that once stood on top of the supercomputer chip is crashing into the iceberg due to the madness of the former helm. Ketuan Zhan's madness and Jihan Wu's compromise made mistakes again and again. Bitmain tried to save himself many times, but was unable to get out of the black hole.
If the time goes back to that day in 2013, would Jihan Wu and Yuesheng Ge still choose to dial Ketuan Zhan?
submitted by paulcheung1990 to Bitcoincash [link] [comments]

Bitcoin mining: popular software for managing the processes

The Bitcoin exchange rate faced a significant drop not a long time ago, so a lot of miners think that mining this coin is not as profitable as before. However, Bitcoin is stabilizing, so now is the time to start mining it again. And, definitely, it is better to do this with reliable and efficient software.
There are a lot of operating systems for managing Bitcoin mining, so making a final choice can be a rather complicated task. This guide is here to help you — it describes features, advantages and disadvantages of the most popular software.

Hive OS: an all-in-one solution

Hive OS is a highly secure and stable mining platform based on the Linux distribution of Ubuntu. Besides, you will have no difficulties with its installation, setup and use. However, if you have any questions, you can always get in touch with the support team. The support is provided 24/7, so you will get help very quickly. There is also an extensive knowledge base that you can use.
Hive OS significantly simplifies even large farms’ management. A lot of things can be automated. For instance, automatic control of the fans, execution of commands according to the schedule, etc. Apart from this, switching between pools, wallets or coins takes only a second. The list of miners is updated regularly, just like the list of features — the Hive OS team is constantly working on the system considering the needs of the community. With Hive OS it is also possible to control the workers remotely.
Hive OS allows mining Bitcoin on ASICs and GPU rigs, offers its own pool and custom firmware for ASICs. It is an all-in-one solution that you can use in order to make the management process simpler and increase your profits.

СGMiner: suitable for experienced owners of AMD cards

CGMiner is an open-source miner focused specifically on mining Bitcoin (although some other coins can also be mined here). It supports GPU, ASIC and CPU mining, and is available for the following platforms: Windows, Linux and OS X. While using all the traditional features (for instance, overclocking) you won’t have to pay a dev fee.
However, this miner is not that suitable for inexperienced users — you at least need to have some knowledge of GitHub. Another thing to keep in mind is that CGMiner doesn’t work well with Nvidia cards.

Cudo Miner: a nice option for beginners

Cudo Miner is a simple to use crypto mining platform. Remote management, monitoring and overclocking — these and other standard features are available. Cudo Miner also offers automated mining and auto coin switching. Besides, if necessary, you can create custom templates in order to increase performance of your devices.
On the other side, Cudo Miner doesn’t support ASICs. One more unpleasant thing is that the fees are based on the amount of cryptocurrency mined in the last 30 days, and they are pretty high. For example, for less than 0.005 BTC, the fee is 6.5%.

SimpleMining: the choice of GPU owners

SimpleMining is a mining OS platform supporting all modern Nvidia and AMD GPUs. Using it, you can take bulk actions on multiple devices. Standard features like overclocking and undervolting are available as well. Besides, there are a lot of miner programmes to choose from, but you can still add a custom miner if necessary. But please keep in mind that it is impossible to mix AMD and Nvidia in one rig.

Hashr8: for users who know everything about mining

Hashr8 is an operating system suitable both for ASICs and GPU rigs. The system also supports many pools and miners. You can monitor devices not only in the web interface, but also via the mobile application. Support is provided around the clock. Besides, Hashr8 can be used for free — this option is available to miners using up to 3 devices inclusive. At the same time, there are no other restrictions — free users can use all the functions of the system.
However, despite the above-mentioned benefits, Hashr8 also has some disadvantages. Firstly, you can contact the support team only using the form on the website or by email, so there is no chance for getting help instantly. The website also has no FAQ, so if you run into a problem, you are likely to have to solve it yourself. Secondly, Hashr8 is a rather unstable system, which can affect your income.

Awesome Miner: suitable for centralized mining management

Awesome Miner allows managing and monitoring the mining operations, and supports ASICs and GPU rigs (CPU mining is possible too). Using it, you can perform operations both on individual miners and the groups, and build templates for easier configuration. Note that Awesome Miner can be used for free, but on certain conditions: you can have up to 2 miners, while the list of available features is rather limited.
Awesome Miner runs only on Windows, but you can still connect it to mining software running on Linux. Apart from this, it can be difficult for a new user to understand how this solution works, as its interface is not that convenient and intuitive.

What Software to Choose?

Obviously, the final decision completely depends on your needs, but we recommend choosing a universal system that supports GPU rigs and ASICs. By doing this, you will have freedom of action. A similar recommendation can be applied to GPU rigs — if you prefer them, choose a system that works both with Nvidia and AMD cards.
Make your choice wisely, and have profitable Bitcoin mining!
submitted by coldfeet45 to BitcoinMining [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
ASIC Miners Released August 31, 2020
NEM(XEM) Website Updates August 31, 2020
IOTA(MIOTA) IOTA 1.5 Phase 1 August 31, 2020
TRON(TRX) Klever Staking August 31, 2020
Ark(ARK) Mainnet Launch August 31, 2020
Edgeless(EDG) Network Upgrade August 31, 2020
Stox(STX) Town Hall August 31, 2020
StrongHands(SHND) New Identity, Logo, & GUI August 31, 2020
StakeNet(XSN) DEX Launch August 31, 2020
Dock(DOCK) Danforth Testnet August 31, 2020
Libra Credit(LBA) Ama with CEO August 31, 2020
Digitex Futures(DGTX) ETH/USD Futures Market August 31, 2020
Digitex Futures(DGTX) The DGTX Converter August 31, 2020
IoTeX(IOTX) DEX Launch August 31, 2020
QuarkChain(QKC) Five DeFi Products August 31, 2020
OneLedger(OLT) Validator Staking-Mainnet August 31, 2020
OneLedger(OLT) Mainnet Update (Kratos) August 31, 2020
OneLedger(OLT) Governance August 31, 2020
Kava(KAVA) Kava Testnet 9000 August 31, 2020
Synthetix Network Token(SNX) Pollux Release August 31, 2020
Chiliz(CHZ) Multi-flash Sale August 31, 2020
Azbit(AZ) Weekly AZ Burn August 31, 2020
TrustSwap(SWAP) Testnet Launch August 31, 2020
bZx Protocol(BZRX) Protocol Relaunch August 31, 2020
ARPA Chain(ARPA) Dev Update August 31, 2020
JUST(JST) Yield Farming August 31, 2020
ILCoin(ILC) Retribution Release August 31, 2020
Mcashchain(MCASH) MCASH for MAS holders August 31, 2020
Verasity(VRA) Esports Platform Update August 31, 2020
Sparkpoint(SRK) Staking Contract August 31, 2020
Sparkpoint(SRK) SparkPlay Reveal August 31, 2020
PCHAIN(PI) Monthly Burn August 31, 2020
Akropolis(AKRO) Delphi Mainnet Launch August 31, 2020
Avalanche IOU(AVAX) Avalanche Mainnet August 31, 2020
Globex(GEX) Globex Farm Expansion August 31, 2020
Globex(GEX) Staking Program August 31, 2020
Jupiter(JUP) Swap deadline August 31, 2020
Perlin(PERL) Staking Reward August 31, 2020
Perlin(PERL) Snapshot August 31, 2020
Sentivate(SNTVT) Rebrand Rollout August 31, 2020
Feellike(FLL) Staking Algorithm August 31, 2020
Newscrypto(NWC) Expand to Asian Region August 31, 2020
MargiX(MGX) Testnet MảrgiX Chain August 31, 2020
MargiX(MGX) DeFi Integration August 31, 2020
MargiX(MGX) MargiX Chain Testnet August 31, 2020
MANTRA DAO(OM) AMA with Co-founder August 31, 2020
The Sandbox(SAND) AMA w/NanoNews August 31, 2020
MultiVAC(MTV) New Roadmap August 31, 2020
Augur(REP) V2.2 September 1, 2020
Augur(REP) V2.x September 1, 2020
Decentraland(MANA) NEW Platformer Mechanics September 1, 2020
BlackCoin(BLK) HolyTransaction Staking September 1, 2020
Bitcore(BTX) BitCore BTX Algo-switch September 1, 2020
KickCoin(KICK) Token Buyback September 1, 2020
Insolar(xns) Swap Deadline September 1, 2020
VITE(VITE) Mainnet Launch September 1, 2020
Auxilium(AUX) AUX IEO on XT September 1, 2020
Auxilium(AUX) Interest Distribution September 1, 2020
ADAMANT Messenger(ADM) ADAMANT Messenger v2.8.0 September 1, 2020
DEEX(DEEX) DEEX Unleashed September 1, 2020
Zenon(ZNN) QSR Third Snapshot September 1, 2020
Enecuum(ENQ) Token Mainnet Transfer September 1, 2020
AZBI CORE(AZBI) AZBI.DEV Launch September 1, 2020
DarkPay(D4RK) D4RK Second Anniversary September 1, 2020
WazirX(WRX) WazirX New Feature September 1, 2020
 
Exchanges
Factom(FCT) Exchange Listings August 31, 2020
Bitcoin Private(BTCP) ProBit Listing August 31, 2020
Sparkpoint(SRK) CEX Exchange Listing August 31, 2020
ETHPlus(ETHP) Probit ETH Pair Listing August 31, 2020
Celo(CELO) Coinbase Pro Listing August 31, 2020
Meter Governance(MTRG) MXC Listing August 31, 2020
sLINK(sLINK) BKEX Listing August 31, 2020
Sora(XOR) Graviex Listing September 1, 2020
WaykiChain Governance Coin(WGRT) CoinTiger Listing September 1, 2020
 
Software/Platforms
Pundi X [NEW](NPXS) System Update August 31, 2020
DAPS Token(DAPS) DAPS Web Wallet August 31, 2020
Kingdom Game 4.0(KDG) KDG 2.0 Release August 31, 2020
 
Blockchains
DEEX(DEEX) Deex Blockchain Explorer September 1, 2020
 
 
submitted by cryptocalbot to CryptoMarkets [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
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NEXT DAY UPCOMING EVENTS

 
General
ASIC Miners Released August 31, 2020
NEM(XEM) Website Updates August 31, 2020
IOTA(MIOTA) IOTA 1.5 Phase 1 August 31, 2020
TRON(TRX) Klever Staking August 31, 2020
Ark(ARK) Mainnet Launch August 31, 2020
Edgeless(EDG) Network Upgrade August 31, 2020
Stox(STX) Town Hall August 31, 2020
StrongHands(SHND) New Identity, Logo, & GUI August 31, 2020
StakeNet(XSN) DEX Launch August 31, 2020
Dock(DOCK) Danforth Testnet August 31, 2020
Libra Credit(LBA) Ama with CEO August 31, 2020
Digitex Futures(DGTX) ETH/USD Futures Market August 31, 2020
Digitex Futures(DGTX) The DGTX Converter August 31, 2020
IoTeX(IOTX) DEX Launch August 31, 2020
QuarkChain(QKC) Five DeFi Products August 31, 2020
OneLedger(OLT) Validator Staking-Mainnet August 31, 2020
OneLedger(OLT) Mainnet Update (Kratos) August 31, 2020
OneLedger(OLT) Governance August 31, 2020
Kava(KAVA) Kava Testnet 9000 August 31, 2020
Synthetix Network Token(SNX) Pollux Release August 31, 2020
Chiliz(CHZ) Multi-flash Sale August 31, 2020
Azbit(AZ) Weekly AZ Burn August 31, 2020
TrustSwap(SWAP) Testnet Launch August 31, 2020
bZx Protocol(BZRX) Protocol Relaunch August 31, 2020
ARPA Chain(ARPA) Dev Update August 31, 2020
JUST(JST) Yield Farming August 31, 2020
ILCoin(ILC) Retribution Release August 31, 2020
Mcashchain(MCASH) MCASH for MAS holders August 31, 2020
Verasity(VRA) Esports Platform Update August 31, 2020
Sparkpoint(SRK) Staking Contract August 31, 2020
Sparkpoint(SRK) SparkPlay Reveal August 31, 2020
PCHAIN(PI) Monthly Burn August 31, 2020
Akropolis(AKRO) Delphi Mainnet Launch August 31, 2020
Avalanche IOU(AVAX) Avalanche Mainnet August 31, 2020
Globex(GEX) Globex Farm Expansion August 31, 2020
Globex(GEX) Staking Program August 31, 2020
Jupiter(JUP) Swap deadline August 31, 2020
Perlin(PERL) Staking Reward August 31, 2020
Perlin(PERL) Snapshot August 31, 2020
Sentivate(SNTVT) Rebrand Rollout August 31, 2020
Feellike(FLL) Staking Algorithm August 31, 2020
Newscrypto(NWC) Expand to Asian Region August 31, 2020
MargiX(MGX) Testnet MảrgiX Chain August 31, 2020
MargiX(MGX) DeFi Integration August 31, 2020
MargiX(MGX) MargiX Chain Testnet August 31, 2020
MANTRA DAO(OM) AMA with Co-founder August 31, 2020
The Sandbox(SAND) AMA w/NanoNews August 31, 2020
MultiVAC(MTV) New Roadmap August 31, 2020
Augur(REP) V2.2 September 1, 2020
Augur(REP) V2.x September 1, 2020
Decentraland(MANA) NEW Platformer Mechanics September 1, 2020
BlackCoin(BLK) HolyTransaction Staking September 1, 2020
Bitcore(BTX) BitCore BTX Algo-switch September 1, 2020
KickCoin(KICK) Token Buyback September 1, 2020
Insolar(xns) Swap Deadline September 1, 2020
VITE(VITE) Mainnet Launch September 1, 2020
Auxilium(AUX) AUX IEO on XT September 1, 2020
Auxilium(AUX) Interest Distribution September 1, 2020
ADAMANT Messenger(ADM) ADAMANT Messenger v2.8.0 September 1, 2020
DEEX(DEEX) DEEX Unleashed September 1, 2020
Zenon(ZNN) QSR Third Snapshot September 1, 2020
Enecuum(ENQ) Token Mainnet Transfer September 1, 2020
AZBI CORE(AZBI) AZBI.DEV Launch September 1, 2020
DarkPay(D4RK) D4RK Second Anniversary September 1, 2020
WazirX(WRX) WazirX New Feature September 1, 2020
 
Exchanges
Factom(FCT) Exchange Listings August 31, 2020
Bitcoin Private(BTCP) ProBit Listing August 31, 2020
Sparkpoint(SRK) CEX Exchange Listing August 31, 2020
ETHPlus(ETHP) Probit ETH Pair Listing August 31, 2020
Celo(CELO) Coinbase Pro Listing August 31, 2020
Meter Governance(MTRG) MXC Listing August 31, 2020
sLINK(sLINK) BKEX Listing August 31, 2020
Sora(XOR) Graviex Listing September 1, 2020
WaykiChain Governance Coin(WGRT) CoinTiger Listing September 1, 2020
 
Software/Platforms
Pundi X [NEW](NPXS) System Update August 31, 2020
DAPS Token(DAPS) DAPS Web Wallet August 31, 2020
Kingdom Game 4.0(KDG) KDG 2.0 Release August 31, 2020
 
Blockchains
DEEX(DEEX) Deex Blockchain Explorer September 1, 2020
 
 
submitted by cryptocalbot to kryptocal [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
https://kryptocal.com | /kryptocal | Android | iOS | Telegram Interactive Bot (add cryptocalapp_bot) | Telegram Channel @kryptocal
 

ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
ICON(ICX) MyID Release August 30, 2020
PIVX(PIVX) AMA August 30, 2020
QuarkChain(QKC) DeFi Campaign (Round 1) August 30, 2020
DEEX(DEEX) Crypto E-Merchant Model August 30, 2020
COTI(COTI) COTI PAY August 30, 2020
General Event(CRYPTO) AMA w/Cryptowid August 30, 2020
LUKSO(LYXe) AMA w/CryptoProfitCoach August 30, 2020
ASIC Miners Released August 31, 2020
NEM(XEM) Website Updates August 31, 2020
IOTA(MIOTA) IOTA 1.5 Phase 1 August 31, 2020
TRON(TRX) Klever Staking August 31, 2020
Ark(ARK) Mainnet Launch August 31, 2020
Edgeless(EDG) Network Upgrade August 31, 2020
Stox(STX) Town Hall August 31, 2020
StrongHands(SHND) New Identity, Logo, & GUI August 31, 2020
StakeNet(XSN) DEX Launch August 31, 2020
Dock(DOCK) Danforth Testnet August 31, 2020
Libra Credit(LBA) Ama with CEO August 31, 2020
Digitex Futures(DGTX) ETH/USD Futures Market August 31, 2020
Digitex Futures(DGTX) The DGTX Converter August 31, 2020
IoTeX(IOTX) DEX Launch August 31, 2020
QuarkChain(QKC) Five DeFi Products August 31, 2020
OneLedger(OLT) Validator Staking-Mainnet August 31, 2020
OneLedger(OLT) Mainnet Update (Kratos) August 31, 2020
OneLedger(OLT) Governance August 31, 2020
Kava(KAVA) Kava Testnet 9000 August 31, 2020
Synthetix Network Token(SNX) Pollux Release August 31, 2020
Chiliz(CHZ) Multi-flash Sale August 31, 2020
Azbit(AZ) Weekly AZ Burn August 31, 2020
TrustSwap(SWAP) Testnet Launch August 31, 2020
bZx Protocol(BZRX) Protocol Relaunch August 31, 2020
ARPA Chain(ARPA) Dev Update August 31, 2020
JUST(JST) Yield Farming August 31, 2020
ILCoin(ILC) Retribution Release August 31, 2020
Mcashchain(MCASH) MCASH for MAS holders August 31, 2020
Verasity(VRA) Esports Platform Update August 31, 2020
Sparkpoint(SRK) Staking Contract August 31, 2020
Sparkpoint(SRK) SparkPlay Reveal August 31, 2020
PCHAIN(PI) Monthly Burn August 31, 2020
Akropolis(AKRO) Delphi Mainnet Launch August 31, 2020
Avalanche IOU(AVAX) Avalanche Mainnet August 31, 2020
Globex(GEX) Globex Farm Expansion August 31, 2020
Globex(GEX) Staking Program August 31, 2020
Jupiter(JUP) Swap deadline August 31, 2020
Perlin(PERL) Staking Reward August 31, 2020
Sentivate(SNTVT) Rebrand Rollout August 31, 2020
Feellike(FLL) Staking Algorithm August 31, 2020
Newscrypto(NWC) Expand to Asian Region August 31, 2020
MargiX(MGX) Testnet MảrgiX Chain August 31, 2020
MargiX(MGX) DeFi Integration August 31, 2020
MargiX(MGX) MargiX Chain Testnet August 31, 2020
The Sandbox(SAND) AMA w/NanoNews August 31, 2020
MultiVAC(MTV) New Roadmap August 31, 2020
 
Exchanges
Kryll(KRL) New Exchange Listing August 30, 2020
Factom(FCT) Exchange Listings August 31, 2020
Bitcoin Private(BTCP) ProBit Listing August 31, 2020
Sparkpoint(SRK) CEX Exchange Listing August 31, 2020
ETHPlus(ETHP) Probit ETH Pair Listing August 31, 2020
Celo(CELO) Coinbase Pro Listing August 31, 2020
Meter Governance(MTRG) MXC Listing August 31, 2020
sLINK(sLINK) BKEX Listing August 31, 2020
 
Software/Platforms
Pundi X [NEW](NPXS) System Update August 31, 2020
DAPS Token(DAPS) DAPS Web Wallet August 31, 2020
Kingdom Game 4.0(KDG) KDG 2.0 Release August 31, 2020
 
 
submitted by cryptocalbot to CryptoCurrencies [link] [comments]

The deepest report: Bitmain's self-help history

The deepest report: Bitmain's self-help history
The original intention of this article is to let readers understand the causes and consequences of Bitmain internal fighting, but after writing it, I found that it is not so much internal fighting as it is a long history of self-help.
The story is very long. Let's adjust the timeline to the eve of December 17, 2018. That was one of Bitmain's most critical moments and the beginning of a series of subsequent stories.
1. Self-immolation In September 2018, Bitmain's financial department warned management that the company's cash flow has become very tight and operating costs must be reduced to allow the company to continue. The blockchain unicorn, which is valued at more than 15 billion U.S. dollars, is crippled in the run and struggling to break the corner.
In 2017, Bitmain made a profit of 1 billion US dollars In the first half of 2018, Bitmain made a profit of 1 billion US dollars Three rounds of financing, a total of 800 million US dollars Net assets should exceed 3 billion U.S. dollars In September 2018, Bitmain had tight cash flow and was on the verge of bankruptcy
A simple comparison, it is not difficult to see that Bitmain's ability to make money is incredible, and its ability to burn money is even more extreme.
How does Bitmain burn money? Do you pour cash into gasoline and burn it, or hire a lot of employees to stuff the banknotes one by one into the shredder? The actual situation is closer to the latter.
The following data can help readers quickly learn Bitmain's money burning skills.
At the beginning of 2018, the entire cryptocurrency market has entered a bear market, but Bitmain's monthly operating costs have been rising wildly. Operating costs have risen from 10 million US dollars at the beginning of the year to 50 million US dollars at the end of the year.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
Operating costs are just the tip of the iceberg. Excessive chip trial production can become a classic case of project management courses. Readers who pay attention to Cryptocurrency mining can easily find that Bitmain is still working hard to clear the inventory of Antminer S9 in 2019. As the co-CEO, Ketuan Zhan did not listen to the advice or even warnings of the Finance Department, insisting on the implementation of Excessive chip trial production, resulting in a large accumulation of inventory and tight capital turnover. Another CEO, Jihan Wu, once revealed that the loss of Excessive chip trial production to the company was approximately US$1.5 billion.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
The BM1393 chip incident is even more incredible. Chip expert Ketuan Zhan invested a lot of money on a failed chip, and finally failed again. From 2017 to 2018, Bitmain has failed Trial production of mining machine chips at least 4 times, including 16nm, 12nm and 10nm chips, of which 16nm Trial production failed twice, thus losing at least US$1.2 billion.
It is rumored that Bitmain still holds a billion U.S. dollars worth of cryptocurrency in a state of floating loss. In view of the rebound in the market in 2020, we will not comment temporarily, waiting for the correct answer from the cryptocurrency market. But the losses pointed out in the previous article are all irreversible.
2. Sole power
In September 2018, Bitmain's management realized the seriousness of the problem. It turned out that the company's money could be squandered. As a result, the management began to discuss self-help plans, and the most reasonable and effective way was obviously to lay off employees.
The probation period for newly hired employees at Bitmain is half a year, and the probationary salary is 100% of the official salary, there is no difference. Once layoffs are made, new employees who have not passed the probationary period will be the main layoff targets. The department managed by Ketuan Zhan will face large-scale layoffs. The layoff plan is strongly opposed by Ketuan Zhan. Bitmain can only temporarily abandon the layoffs and replace it with continuous reductions. For marketing and travel expenses, a budget committee was established to strictly approve every expenditure. At the same time, employee benefits, such as reimbursement of taxi expenses, breakfast supply, snacks and drinks, etc., have also been abolished, and even the tradition of giving employees 400 yuan worth of BTC/BCH every month has been stopped.
In the face of huge cash flow pressure, trivial savings is obviously of no avail. Soon, the management again discussed the layoff plan, and it has reached the point where it has to be laid off.
In December 2018, Jihan Wu began to organize all entrepreneurial veterans and business backbones to persuade Ketuan Zhan to agree to layoffs, but Ketuan Zhan still insisted not to layoffs. The persuasion process was very unsuccessful. After many meetings and intense debates, Bitmain executives were caught in a dilemma of wasting time with Ketuan Zhan.
In this process, the shortcomings of the dual CEO system began to appear, and the relationship between the two CEOs gradually deteriorated.
On the night of December 16th, Ketuan Zhan reconvened the management meeting, and more than 30 managements who were present were asked to hand over their mobile phones. At this time, Jihan Wu was on a business trip in Hong Kong and was busy with listing related work.
In the meeting, Ketuan Zhan's core content was three items:
(1) Bitmain cannot have two CEOs, only one CEO and must be Ketuan Zhan. Ketuan Zhan said that he met an old leader during a business trip. He hadn't seen each other for many years. The old leader suggested that the company can only have one CEO, and it must be him. Ketuan Zhan feels that this is a kind of fate, an opportunity given by God.
(2) Ketuan Zhan believes that the company's cash flow problems, the biggest responsibility is the inability of the financial department. To prove his point, Ketuan Zhan announced Bitmain's financial data at the meeting. In the evening, employees in Taiwan began to post messages on social media, saying that the company's capital chain was broken and the top management was split.
(3) If Ketuan Zhan is not supported, the option will be cancelled and the equity will be voided.
Hearing about this, Jihan Wu, who lives in Hong Kong, sent a WeChat message to the management who are attending the meeting.

https://preview.redd.it/c5cxea2lqid51.jpg?width=1080&format=pjpg&auto=webp&s=3d6a0388408f6b8abe10648e5e4b7a3a5434c821
On the afternoon of December 17, 2018, Jihan Wu returned to Beijing to negotiate with Ketuan Zhan all night, and finally reached a consensus in the early morning. Bitmain co-founder Yuesheng Ge announced the results of the negotiations. Jihan Wu and Ketuan Zhan ceased to serve as CEOs, and Haichao Wang served as CEO. Jihan Wu voluntarily backed down and Ketuan Zhan served as chairman.
The "12.17 Incident" had a very bad impact on Bitmain, especially the disclosure of Bitmain's financial status, which caused vendors to start dunning. The loan that had just been negotiated with the Bank of Beijing was cancelled the next day. Jihan Wu's resignation as CEO caused an uproar in the industry, and it became a hot topic among Cryptocurrency mining, blockchain practitioners, and investor communities. The media focused their interpretation on Bitmain's series of incidents, and generally looked down upon its ongoing Hong Kong IPO, believing that the high-level changes had already signaled the failure of the IPO in advance.
On Christmas December 24, 2018, Bitmain finally began to implement the layoff plan. This long-delayed “correct decision” was achieved after a stalemate for nearly three months. The AI ​​teams in Beijing, Singapore, Taiwan, and Shanghai have laid off more than 50% of their employees. The Israeli R&D center was closed and Shenzhen New Species Technology Co., Ltd., which had been acquired for only ten months, was dissolved, and all employees were laid off. Copernicus, Bitmain's top blockchain development team, was not spared and was wiped out in this layoff. Copernicus and some of the laid-off employees joined the new company Matrixport co-founded by Jihan Wu and Yuesheng Ge, headquartered in Singapore.
3. Past events when starting a business
After the "12.17 Incident", Jihan Wu gradually faded out of Bitmain's management affairs and turned his attention to the IPO and new company. And this is one of Jihan Wu's major mistakes, he began to let Ketuan Zhan manage Bitmain alone.
In fact, as early as 2013, Jihan Wu planted hidden dangers.
Jihan Wu, an investment banker, was the earliest translator of the Bitcoin white paper. He began to get involved in the cryptocurrency mining industry in 2012. The disappearance of Kaomao and Nangua Zhang's ticket skipping led Jihan Wu to decide to develop his own chip.
In 2013, Jihan Wu established his own mining machine company. Together with Yuesheng Ge, who was only 20 years old, he found Ketuan Zhan, an integrated circuit designer of the Chinese Academy of Sciences, to create the protagonist of this article, and later the digital Cryptocurrency mining giant, Bitmain.
Jihan Wu promised Ketuan Zhan that every time a mining machine chip was successfully developed, he would give some shares to the Ketuan Zhan team. At that time, the company founded by Ketuan Zhan was on the eve of falling apart. In order to regroup the team, Ketuan Zhan promised to share half of his shares with the team members. Unfortunately, this is just a bad check. With the rapid development of Bitmain and higher and higher valuations, the expanding Ketuan Zhan almost monopolized all the shares.
Like many startups, Bitmain encountered many difficulties in its early days, and many jobs had to be done by the boss. For example, in the chip design and production process in the second half of 2013, Bitmain was caught in a dilemma of insufficient funds. Jihan Wu personally raised funds and met with TSMC’s sales to persuade TSMC to accept the production needs of a start-up company. Jihan Wu also participated in the selection of the thermodynamic parameters of the heat sink in the Antminer S1.
In 2014, Jihan Wu discovered that this company was independently operated by Ketuan Zhan, which had huge problems. Forcing Jihan Wu to continue to participate in company management.
At that time, Bitmain's mining machine chips had just achieved a certain lead in the standard design process. Jihan Wu believes that the next step must be to develop full customization technology, but Ketuan Zhan plans to invest resources in the research of mobile payment chips.
Ketuan Zhan met a mysterious person from the Party Central Security Bureau who claimed to be able to manipulate the Party Central Committee’s decision-making process for the next generation of mobile payment cryptography standards, but this direction is likely to lead to the fact that Bitmain has just gained the lead in the mining machine market. Regained.
Jihan Wu said that as a graduate of the School of Economics, with a little memory of his high school stage and the knowledge reserve of a computer technology amateur, he retrieves various materials and papers every day, learns theories related to full customization, and goes to Ketuan Zhan conducts persuasion work there.
Fortunately, in the direction of full customization technology, Ketuan Zhan finally listened to Jihan Wu's opinion. Bitmain quickly integrated the technical experts from the United States and Russia introduced by Jihan Wu, which greatly improved the design level of chips and complete machines.
In 2015, Jihan Wu suggested that Ketuan Zhan consider the direction of artificial intelligence. But Ketuan Zhan is not here, he prefers the CPU direction. After staying asleep at night, coupled with in-depth analysis by the Bitmain investment team, Ketuan Zhan finally agreed with this direction. It is a pity that after the Tianshi Chen brothers made major breakthroughs in theory and practice, Bitmain officially invested in the relevant direction, and it was still a step behind.
In the two years from 2016 to 2017, Bitmain's business performance has achieved rapid development, becoming a unique super unicorn in the blockchain industry. According to Froth & Sullivan, in 2017, Bitmain Technology Holdings was the second largest fabless chip design company in China and the tenth largest fabless chip design company in the world, and the fourth largest fabless ASIC chip design company in the world, accounting for 74.5% of global cryptocurrency market share.
However, the huge crisis has long been buried in the early days of entrepreneurship.
Ketuan Zhan's decision on major directions revealed his weakness of extremely lack of business understanding. But every mistake he made was blocked by the company's core employees. His overconfidence in his management ability led to the gradual intensification of conflicts, and the management differences between the two founders became more serious.
4.The giant gets lost
The contradiction between the two broke out on December 17, 2018. Ketuan Zhan used extreme means to force the management to compromise with him by canceling the option, so as to achieve the goal of sole control of the company. Jihan Wu returned to Beijing from Hong Kong overnight and negotiated with Ketuan Zhan all night. In the end, the two resigned as CEO. Jihan Wu retired. Ketuan Zhan has the exclusive rights of chairman in exchange for the implementation of the layoff plan.
Jihan Wu's voluntary retreat has intensified Ketuan Zhan's management to do whatever he wants.
A Bitmain employee commented on Ketuan Zhan's management skills, summed up in two letters-SM.
After becoming the sole helm of the company, Ketuan Zhan quickly "rectified" the department in charge of Jihan Wu as the chairman of the board. He guided the sales of mining machines at the dinner, and pointed out that the sales performance is not due to the sales staff. Ability is strong, but the company provides opportunities. Take two sales leaders as examples, saying that if the company hadn't given the opportunity, they would still be losers. In addition, Ketuan Zhan also instructed the sales staff on how to toast and imparted the wine table culture and experience.
After the meal, Ketuan Zhan came to the conclusion that the quality of Bitmain sales staff was too poor, and Huawei’s blood needs to be injected to drive the company’s progress. Soon, the marketing and sales director from Huawei officially took over Bitmain, opening the era of brand premium for Antminer.
In order to further understand and guide the sales work, Ketuan Zhan asked to meet the customers with the sales staff. During the negotiation process, Ketuan Zhan had a heated discussion with customers on the issue of Chinese and Western medicine, and had also forced the sales staff to be able to ship 10,000 machines due to insufficient production capacity.
Although the requirements for sales personnel are strict, Ketuan Zhan has provided a lot of convenience for "Mainland Ark". In addition to selling mining machines at a more favorable price, Bitmain's mining machines are also hosted in Ming Wang at a higher price than the market price. Mine. It is reported that both Ketuan Zhan and Ming Wang are shareholders of Ark.
The new sales strategy of Huawei's executives has also brought very obvious changes to Bitmain. The self-righteous brand premium reduces the price-performance ratio of Antminer, causing competing products to eat away at Bitmain's market share. Later, Bitmain found that the strategy was wrong and started to cut prices, and found that the mining machine market was saturated and the purchase demand of miners had decreased.
More dangerous than the sales strategy is that the technical advantages of Antminer are being chased by competing products, and even overtaken. At the same time, the two mining pools under Bitmain also lost their first and second positions. The AI ​​business, which Jihan Wu placed high hopes and Ketuan Zhan personally supervised, became a laughing stock in the industry. Not only did it fail to make a profit, it almost brought down Bitmain.
Blindly introducing senior executives from Huawei to occupy important positions completely destroys the company's internal cultural foundation. The bureaucracy within Bitmain began to corrode from high-level employees to ordinary employees. Ketuan Zhan is not aware of this. He is still keen on recruiting Huawei employees, imitating Huawei's organizational structure and strategy, letting HR do sales and R&D personnel to do HR.
The organizational structure adjustment in October 2019 was the fuse for Ketuan Zhan to completely anger Bitmain management. This time, Ketuan Zhan completely marginalized Bitmain’s veteran employees, and suddenly promoted some of the “airborne soldiers” who had just joined the company to the position of person in charge, which caused the former person in charge to report to the new employees. The two managers who were originally equal The hierarchy becomes the subordinate relationship, the operation and development of different business lines are merged into a large department, the upward reporting process becomes more cumbersome, and the relationship between employees becomes delicate.
5. Headwind
On October 29, 2019, Jihan Wu urgently held a staff meeting. Prior to this, the legal representative of Beijing Bitmain has been changed to Jihan Wu, including the parent companies Hong Kong Bitmain and Cayman Bitmain. Jihan Wu stood in the lobby of Building 25, B1, announcing that Ketuan Zhan has been relieved of all duties. Any employee in the Bitmain Group shall no longer execute Ketuan Zhan’s instructions and participate in any meetings convened by Ketuan Zhan. If there is any violation, the company will demotion and expel the company based on the severity of the circumstances. If losses are caused to the company, the company will be held accountable.
Jihan Wu's speech is very long, which can be summarized as follows:
(1) Ketuan Zhan has been relieved of all duties. Also expelled from the original Huawei company HR Zhi Wang introduced by Ketuan Zhan at the end of 2018. Zhi Wang’s reputation on Bitmain was extremely poor and was ridiculed by employees as "nine thousand years" (In ancient China, the emperor was called "ten thousand years old", and the prince was "eight thousand years old." However, in the Ming Dynasty, there was an eunuch who caused harm to the country and the people. He called himself "nine thousand years old", meaning that he was only A little lower than the emperor's level).
(2) Ketuan Zhan's ability to control the company's option incentive plan has disappeared, and it is no longer possible to cancel employees' options at will.
(3) The organizational structure adjustment plan led by Ketuan Zhan was suspended.
(4) We are optimistic about the future of AI business, but the premise is that the main business can continue to make profits in order to support the company's continued investment in AI business.
In the speech, Jihan Wu also told employees the whole story of the "12.17 Incident" and bluntly said that the company is not in good condition. If no measures are taken, Bitmain is likely to go bankrupt in three quarters and he must come back to save the company.
At this time, Ketuan Zhan, who was on a business trip in Shenzhen, finally experienced the situation of Jihan Wu in the "12.17 Incident".
After the official return, Jihan Wu began to clearly point out the company's various problems in operation and management, and went deep into each business line to understand the situation. In the mining machine sales department meeting, employees spoke enthusiastically, reflecting on the difficulties and opinions encountered in the work, the marketing and sales director from Huawei asked with a surprised look, "Why didn't these issues be reported to me before?", and soon , The director was interviewed and "voluntarily resigned."
On November 2, 2019, Jihan Wu announced a salary increase for all employees. Bitmain’s last salary increase dates back to 2018. In principle, Bitmain has two salary increases every year.
On November 7, 2019, Ketuan Zhan spoke on social media for the first time, describing his hardship in starting a business, and condemning Jihan Wu for “stabbing a knife in the back”. At the end of the article, he also set himself a KPI for 2020, that is, the mining machine market share will reach 90%, and the AI ​​business will earn 1 billion.
But Ketuan Zhan's majestic plan did not make Bitmain employees feel emotional, but ridiculed him instead. Employees exposed that he insulted employees, advocated Chinese medicine, believed in Buddhism, drank in meetings, practiced Qigong...
However, there is less than half a year before the halving of Bitcoin production, and the cryptocurrency market shows no signs of recovery, which makes Bitmain management very anxious.
On January 6, 2020, Bitmain ushered in another round of layoffs, with a layoff ratio of about 1/3. This time the layoffs have caused many employees who have just increased their salaries to feel very grieved. On the one hand, they were looking forward to Jihan Wu's return. On the other hand, the compensation for this layoff was less than 18 years.
Ketuan Zhan, who has been unable to enter the Bitmain office area, once again spoke on social media and firmly opposed to layoffs. We do not need to lay off staff and we cannot commit suicide.
During the Spring Festival, Covid-19 broke out. Mainland China has begun to extend the Spring Festival holiday and advocate working from home. Under the chain reaction caused by Covid-19, most companies have chosen to cut salaries or even lay off employees. In the first two months of 2020, China's exports fell by 17%, U.S. stocks were broken four times in a row, Bitcoin plunged 40% in 24 hours on March 12, 2020, and crude oil futures fell by 300% on April 20, 2020...
Obviously, Jihan Wu can't predict, but this layoff seems to be the right decision again. In addition, from January to April 2020, Bitmain's revenue exceeded US$400 million amid the spread of Covid-19 and the collapse of the financial market.
6. Fight to the death
When Jihan Wu tried to get the company back on track, Ketuan Zhan was not helpless. On April 28, 2020, Ketuan Zhan finally rolled back the legal representative of Beijing Bitmain to before October 28, 2019 by repeatedly submitting administrative reconsiderations, and restored his status as a legal representative.
On the morning of May 8, 2020, a piece of news about Bitmain quickly appeared on the real-time hot search rankings, and even dominated the headlines of the day. At window 52 on the second floor of the Haidian District Government Affairs Center, when Ketuan Zhan, the legal person of Beijing Bitmain Company, was receiving the business license, a group of unidentified people snatched the business license from the industrial and commercial administrative staff. A source at the scene said that the number of unidentified people in the group was about 60 people, of which Luyao Liu was directing at the scene.
This is a skillful piece of news. It first leads readers to think that Ketuan Zhan is a victim, using 60 people to grab business licenses as the focus. The masses accused Jihan Wu of lawlessness, but ignored whether the government affairs center could have 60 personnel. As for Hong Kong Bitmain to have the right to appoint a representative to obtain a business license, this is a deeper level of thinking.
The follow-up report restored the real situation at the scene. Only more than ten people were present, and both sides were equipped with security personnel. Bitmain employees also broke the news in the circle of friends, claiming that Ketuan Zhan's bodyguard had injured Bitmain's authorized person, and said in a threatening tone, "Be careful!"
However, the subsequent plot reversal did not have much effect. Jihan Wu's reputation has been greatly affected. From a bloody soldier who rescued the company in trouble to a lawless criminal, it can be said to be a world of war. do not.
Ketuan Zhan, who succeeded in the first battle, began to counterattack Bitmain continuously. On the afternoon of June 3, 2020, Ketuan Zhan led a team to pry open the back door of the Beijing Bitmain office and formally occupied the deserted Beijing headquarters.
On June 4, 2020, Ketuan Zhan called on Bitmain employees to resume work and promised to expand the company's market value to more than US$50 billion within three to five years. After that, Ketuan Zhan began to contact employees by phone, trying to acquire the options in the hands of employees at a valuation of 4 billion US dollars.
Subsequently, Ketuan Zhan recalled Huawei's executives and issued a series of personnel appointments and removals. As of June 9, 2020, Ketuan Zhan has successively eliminated CFO Luyao Liu, and Wenguang Wang, the head of the mining center. Luyao Liu is responsible for controlling Bitmain's IPO plan. He also appointed Yanwu Ma as the HR director, Gang Ren as the head of the mining center, Yonggang Sun as the head of the supply chain, Ling Gu as the financial director, and Bin Zhu as the head of the mining machine business department. Bin Zhu is the senior executive of Huawei who was interviewed and left as mentioned in the previous article. During his tenure, he reduced Antminer’s 90% market share to 50%, and received a large number of complaints from miners. Internal employees once speculated that he might be Compete against the spies sent by the company.
In addition to recalling senior executives of Huawei, Ketuan Zhan also urged employees to return to work. They can receive a bonus of 10,000 yuan when they return to work on the same day, which is only half the next day. Ketuan Zhan showed a very kind side. Every time the elevator door is opened, Ketuan Zhan's hot gaze can be met, shaking hands, taking photos, and receiving money. As there is no personnel information, Ketuan Zhan does not know whether the person receiving the money is a Bitmain employee, and these people did not resume work the next day.
The effect of gentleness was not good, Ketuan Zhan began to force employees to return to work. Seeing that there are still very few respondents, Ketuan Zhan threatened employees through SMS, phone calls, EMS, emails and other harassment, issued multiple threats such as termination of contract, suspension of payment of social insurance, suspension of wages, and even used personal information saved by employees to form a group of employees. Domicile threats, requiring employees to perform "work handover", trying to force employees to return work computers, etc.
On June 10, 2020, the media revealed that Ketuan Zhan had controlled Bitmain's Shenzhen factory and prohibited employees from delivering normal shipments to paid customers, which caused difficulties in the operation of the Bitmain mining machine department.
On June 13, 2020, Hong Kong Bitmain, the parent company of Beijing Bitmain, issued a statement accusing Ketuan Zhan of signing a "Sales Agency Agreement" with the Ark Data Technology Co., Ltd. in which it holds shares, in an attempt to embezzle Beijing Bit's assets.
On June 17, 2020, the media revealed that Ketuan Zhan started selling 14,000 T17+ series mining machines at low prices.
On June 20, 2020, Hong Kong Bitmain officially suspended the supply of chips to the Shenzhen factory.
On July 13, 2020, in the "A Letter to All My colleagues in the Shenzhen Factory" released by Bitmain in Hong Kong, more details were added on the series of Ketuan Zhan's actions in June.
The legal person Feng Zhou of the Shenzhen plant is related to Ketuan Zhan. After being relieved of Ketuan Zhan's post, Jihan Wu flew to Shenzhen to have a long talk with Feng Zhou. Jihan Wu believes that Feng Zhou is the right person to manage the factory and help the company overcome difficulties, and decides to leave Feng Zhou to continue to manage the factory.
This wrong decision staged a story of a farmer and a snake. When Ketuan Zhan began to counterattack Bitmain, Feng Zhou was also quickly instigated and began to assist Ketuan Zhan in seizing customer machines and transferring 17,000 T17 mining machines in the warehouse. Hainan Continental Ark Data Technology Co., Ltd., which is held by Ketuan Zhan, sold them at a low price.
In order to protect the interests of customers, Jihan Wu had to make a compromise and paid the payment for some goods to a bank account controlled by Ketuan Zhan in exchange for delivery. However, after the other party received a payment of 109 million, the delivery stopped. On July 8, 2020, 5600 mining machines have been overdue.
At the same time, the factory defaulted on suppliers’ accounts payable as much as 200 million yuan. Bank acceptance bills issued by the factory, exceeding 36 million yuan, will expire on July 17, and more than 34 million yuan will expire on July 23. It is understood that Ketuan Zhan, after receiving the bank's dunning call, made it clear that he would not repay the loan, which would destroy the company and the entire group's credit in financial institutions.
7、 This is not the end
So far, the power struggle between the founders of Bitmain has been more than half a year. The office building already occupied by Ketuan Zhan is still empty, and most employees choose to work from home. Some chip developers returned to the office with the acquiescence of Jihan Wu and continued to maintain research and development to reduce the impact of infighting on technological iteration and competitiveness.
This giant ship that once stood on top of the supercomputer chip is crashing into the iceberg due to the madness of the former helm. Ketuan Zhan's madness and Jihan Wu's compromise made mistakes again and again. Bitmain tried to save himself many times, but was unable to get out of the black hole.
If the time goes back to that day in 2013, would Jihan Wu and Yuesheng Ge still choose to dial Ketuan Zhan?
submitted by paulcheung1990 to Bitcoin [link] [comments]

List of Today's and Tomorrow's Upcoming Events

I will be bringing you upcoming events/announcements every day. If you want improvements to this post, please mention houseme in the comments. We will make improvements based on your feedback.
 
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ADD AN EVENT

If you like an event to be added, click Submit Event, and we will do the rest.
 

NEXT DAY UPCOMING EVENTS

 
General
ICON(ICX) MyID Release August 30, 2020
PIVX(PIVX) AMA August 30, 2020
QuarkChain(QKC) DeFi Campaign (Round 1) August 30, 2020
DEEX(DEEX) Crypto E-Merchant Model August 30, 2020
COTI(COTI) COTI PAY August 30, 2020
General Event(CRYPTO) AMA w/Cryptowid August 30, 2020
LUKSO(LYXe) AMA w/CryptoProfitCoach August 30, 2020
ASIC Miners Released August 31, 2020
NEM(XEM) Website Updates August 31, 2020
IOTA(MIOTA) IOTA 1.5 Phase 1 August 31, 2020
TRON(TRX) Klever Staking August 31, 2020
Ark(ARK) Mainnet Launch August 31, 2020
Edgeless(EDG) Network Upgrade August 31, 2020
Stox(STX) Town Hall August 31, 2020
StrongHands(SHND) New Identity, Logo, & GUI August 31, 2020
StakeNet(XSN) DEX Launch August 31, 2020
Dock(DOCK) Danforth Testnet August 31, 2020
Libra Credit(LBA) Ama with CEO August 31, 2020
Digitex Futures(DGTX) ETH/USD Futures Market August 31, 2020
Digitex Futures(DGTX) The DGTX Converter August 31, 2020
IoTeX(IOTX) DEX Launch August 31, 2020
QuarkChain(QKC) Five DeFi Products August 31, 2020
OneLedger(OLT) Validator Staking-Mainnet August 31, 2020
OneLedger(OLT) Mainnet Update (Kratos) August 31, 2020
OneLedger(OLT) Governance August 31, 2020
Kava(KAVA) Kava Testnet 9000 August 31, 2020
Synthetix Network Token(SNX) Pollux Release August 31, 2020
Chiliz(CHZ) Multi-flash Sale August 31, 2020
Azbit(AZ) Weekly AZ Burn August 31, 2020
TrustSwap(SWAP) Testnet Launch August 31, 2020
bZx Protocol(BZRX) Protocol Relaunch August 31, 2020
ARPA Chain(ARPA) Dev Update August 31, 2020
JUST(JST) Yield Farming August 31, 2020
ILCoin(ILC) Retribution Release August 31, 2020
Mcashchain(MCASH) MCASH for MAS holders August 31, 2020
Verasity(VRA) Esports Platform Update August 31, 2020
Sparkpoint(SRK) Staking Contract August 31, 2020
Sparkpoint(SRK) SparkPlay Reveal August 31, 2020
PCHAIN(PI) Monthly Burn August 31, 2020
Akropolis(AKRO) Delphi Mainnet Launch August 31, 2020
Avalanche IOU(AVAX) Avalanche Mainnet August 31, 2020
Globex(GEX) Globex Farm Expansion August 31, 2020
Globex(GEX) Staking Program August 31, 2020
Jupiter(JUP) Swap deadline August 31, 2020
Perlin(PERL) Staking Reward August 31, 2020
Sentivate(SNTVT) Rebrand Rollout August 31, 2020
Feellike(FLL) Staking Algorithm August 31, 2020
Newscrypto(NWC) Expand to Asian Region August 31, 2020
MargiX(MGX) Testnet MảrgiX Chain August 31, 2020
MargiX(MGX) DeFi Integration August 31, 2020
MargiX(MGX) MargiX Chain Testnet August 31, 2020
The Sandbox(SAND) AMA w/NanoNews August 31, 2020
MultiVAC(MTV) New Roadmap August 31, 2020
 
Exchanges
Kryll(KRL) New Exchange Listing August 30, 2020
Factom(FCT) Exchange Listings August 31, 2020
Bitcoin Private(BTCP) ProBit Listing August 31, 2020
Sparkpoint(SRK) CEX Exchange Listing August 31, 2020
ETHPlus(ETHP) Probit ETH Pair Listing August 31, 2020
Celo(CELO) Coinbase Pro Listing August 31, 2020
Meter Governance(MTRG) MXC Listing August 31, 2020
sLINK(sLINK) BKEX Listing August 31, 2020
 
Software/Platforms
Pundi X [NEW](NPXS) System Update August 31, 2020
DAPS Token(DAPS) DAPS Web Wallet August 31, 2020
Kingdom Game 4.0(KDG) KDG 2.0 Release August 31, 2020
 
 
submitted by cryptocalbot to kryptocal [link] [comments]

BTC ASIC bitcoin mining Old obsolete IC chip gold recycle. bitcoin miner circuit chips recycling. TOP 5 ASIC Coins to Mine in 2019  Profitability + Best ... Water Cooled Asic Miner - Liquid Cooled Bitcoin Miner Bitcoin Miner ASIC 1THZ a Venda Canaan AvalonMiner Bitcoin BTC ASIC Miner Review  1066Pro ...

The Bitcoin.com mining pool has the lowest share reject rate (0.15%) we've ever seen. Other pools have over 0.30% rejected shares. Furthermore, the Bitcoin.com pool has a super responsive and reliable support team. Given the payback period, as well as the prospects of SHA-256 algorithm and the demand for Bitcoin, this ASIC can still be considered as a budget entry to mining cryptocurrency. Antminer R4 ASIC miner Antminer R4 is a product of the well-known manufacturer Bitmain, featuring a high hashrate of up to 8.7 TX/s and relatively low power consumption ... Whiles specialized ASICs are the only profitable way to mine Bitcoin these days, the whole thing actually started with standard desktop CPUs back in 2009, when an unidentified entity called Satoshi Nakamoto launched the Bitcoin network after having found a way to build a decentralized digital cash system with all the safeguards built-in to ... Obelisk, a manufacturer of ASIC mining hardware, launched a next-generation mining system called The Obelisk GRN1.The intention is to target the Cickatoo31 Proof-of-Work (PoW) algorithm.. The new chip includes new improvements to the hashing boards, control boards, mechanical design and also enhancements to the PSU. The best ASIC Bitcoin Miner you can currently buy on the market today is the EBANG EBIT E11++ as it can mine Bitcoin at speeds of 44 Th/s while only drawing 1980 watts. It comes with a standard 6-month warranty and is currently priced at $2024 including the power supply.

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BTC ASIC bitcoin mining Old obsolete IC chip gold recycle. bitcoin miner circuit chips recycling.

Hey guys, quick video update on my bitcoin mining farm cooling without ac when I am mining bitcoin in Florida with my ant miner farm cooling setup. Showing y... Cryptocurrency mining is still profitable, however, profitability with mining varies BIG TIME depending on your mining hardware used! Subscribe to VoskCoin -... This video demonstrates how I'm using a Raspberry Pi to control a Bitcoin ASIC mining system. As more Bitcoin mining hardware is deployed to secure the Bitcoin network the Bitcoin difficulty rises. This makes it impossible to profitably compete without a Bitcoin ASIC system. Canaan is one of the top Bitcoin miner manufacturers, in the world! Canaan and their AvalonMiner's are very popular and profitable for Bitcoin mining farms h...

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