Bitcoin Mining in China ⋆ ZyCrypto

ASIC Bitcoin Miner Manufacturer, Ebang, to Launch Crypto Exchange Outside China

ASIC Bitcoin Miner Manufacturer, Ebang, to Launch Crypto Exchange Outside China submitted by bitcoinexchangeguide to BitcoinExchangeGuide [link] [comments]

China Seizes 7,000 Bitcoin Asics

China Seizes 7,000 Bitcoin Asics submitted by kinnamhee to Monero [link] [comments]

China Seizes 7,000 Bitcoin Asics

China Seizes 7,000 Bitcoin Asics submitted by kinnamhee to btc [link] [comments]

China controls Bitcoin through ASIC manufacturing and Mining Pools. Why doesn't anyone care? If anyone really did, then we'd have a legitimate competitor to BTC.

Wait a second we do :)
VeriCoin and Verium Reserve are two coins from the same project. VeriCoin is Proof of Stake and Verium Reserve is an ASIC and GPU resistant POW coin. Both coins will have their blockchains interwoven to bring the strengths of each consensus mechanism without the downsides of either in what they are dubbing the Binary Chain. VeriCoin and Verium Reserve will gain adoption because the binary chain means they're profitable for the average user to mine or stake. The genius of combining two different crypto assets (Proof of Work for Verium Reserve and Proof of Stake for Vericoin) on the same blockchain means you get the best of both worlds: an ultra fast, low fee currency that earns passive income (VRC) but it is as secure as other POW coins because of the aux POW mining from VRM which is POW, but ASIC and GPU resistant, as well as offering pooled mining straight from the wallet so no need to rely on centralized mining pools as is the case with Bitcoin.
With Bitcoin participation in the consensus mechanism requires an asic miner which is expensive, not easy to operate, centralized by the few companies that manufacture Asic miners, and even further centralized by the few mining pools. Conversely, with VeriCoin all you need is an open wallet to participate in the consensus and earn coins, and with Verium Reserve any CPU can mine.
VeriCoin and Verium Reserve was designed to have an ultra low barrier to entry for participation in the network and passive income. This project is definitely worth a look if you're looking for low cap, moonshot gems.
VeriCoin Market Cap 9/12/2019: $1,704,000
Verium Reserve Market Cap 9/12/2019: $288,000

When the bull market commences, I'll see you all on the moon!
submitted by c0ltieb0y to CryptoCurrency [link] [comments]

People are starting to realize how centralized Bitcoin is because of the many ASIC mining pools located in China

I've noticed a handful of posts on cryptocurrency where people are discussing the current problem BTC faces today with so many ASIC pools being located in China. This is a legitimate problem with Bitcoin, if these pools collaborated to hijack the Bitcoin network, they could do it. An example of one of these posts is here:

https://www.reddit.com/CryptoCurrency/comments/d2pmwb/honest_doubt_here_whats_stopping_china_from/

We should be taking advantage of these opportunities to educate people that there is an alternative with VeriCoin and Verium. Proof of stake is where this market is heading, it's why Cardano is POS and Ethereum is in the process of switching to POS. And for all the haters of POS, Verium Reserve has what could be the best implementation of POW since it is not only GPU and ASIC resistant, but also will have "Mining Shares" directly from the wallet, so no need to use centralized pools!

Wake up VeriCoin community! This project has the solution that this market needs, people just don't know we exist.
submitted by c0ltieb0y to vericoin [link] [comments]

Bitcoin Mining in Crisis? Exclusive visit to ASIC retailers in China.

Bitcoin Mining in Crisis? Exclusive visit to ASIC retailers in China. submitted by indiedreamer69 to Bitcoin [link] [comments]

China Bitcoin Mining in Crisis I think not? Exclusive visit to ASIC retailers in China.

China Bitcoin Mining in Crisis I think not? Exclusive visit to ASIC retailers in China. submitted by indiedreamer69 to CryptoCurrency [link] [comments]

El precio de los ASIC para minería de Bitcoin se duplicó en China

submitted by CriptoinformeNews to Criptoinforme [link] [comments]

MicroBT China Brings Mining Equipment Closer to You. MicroBT’s miners can be used to mine cryptocurrency that runs on the SHA256 algorithm, such as Bitcoin and Bitcoin Cash. The five ASIC miner models, M20S, M10, M10S, D1, M21, can be purchased directly from their official website.

submitted by jeffyal to cryptomining [link] [comments]

Illegal Bitcoin Mining? China Seizes Thousands of ASICs

Illegal Bitcoin Mining? China Seizes Thousands of ASICs submitted by Ranzware to BitNewsLive [link] [comments]

ASICminer Compact 8 Nano profitability latest ASIC bitcoin miner 38ths 40ths China Review!

ASICminer Compact 8 Nano profitability latest ASIC bitcoin miner 38ths 40ths China Review! submitted by Rufflenator to 3bitcoins [link] [comments]

ASICminer Compact 8 Nano profitability latest ASIC bitcoin miner 38ths 40ths China Review!

ASICminer Compact 8 Nano profitability latest ASIC bitcoin miner 38ths 40ths China Review! submitted by ososru to Bitcoin4free [link] [comments]

This week in crypto: 1. Bitcoin price begins recovery 2. Police stop conference in China 3. Baidu launches blockchain product 4. JPMorgan sued for crypto fees 5. Draper says $250k BTC by 2022 6. Bitmain mining comes to US 7. Samsung produces ASIC chip 8. Coinbase acquires Cipher.

This is more of a note to myself, from my twitter feed @apompliano a true leader in crypto news !
submitted by Toffelicious to Bitcoin [link] [comments]

Chinese ASIC-Sellers Hurting As Bitcoin Mining on the Wane in China

submitted by n4bb to CoinPath [link] [comments]

Chinese ASIC-Sellers Hurting As Bitcoin Mining on the Wane in China - CryptoGlobe

Chinese ASIC-Sellers Hurting As Bitcoin Mining on the Wane in China - CryptoGlobe submitted by ulros to fbitcoin [link] [comments]

ASIC Miners Dumped In China After Bitcoin’s Price Crash https://goo.gl/p52EgR - Crypto Insider Info - Whales's

Posted at: December 2, 2018 at 08:03PM
By:
ASIC Miners Dumped In China After Bitcoin’s Price Crash https://goo.gl/p52EgR
Automate your Trading via Crypto Bot : https://ift.tt/2EU8PEX
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China Bitcoin Mining in Crisis I think not? Exclusive visit to ASIC retailers in China.

China Bitcoin Mining in Crisis I think not? Exclusive visit to ASIC retailers in China. submitted by scgco to GGCrypto [link] [comments]

Bitcoin Mining in Crisis? Exclusive visit to ASIC retailers in China.

Bitcoin Mining in Crisis? Exclusive visit to ASIC retailers in China. submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

Flood Destroys Hundreds of GPUs And ASICS in China #blockchain #bitcoin #ethereum https://t.co/MbbOKjhnO9 - Crypto Insider Info - Whales's

Posted at: July 2, 2018 at 07:12PM
By:
Flood Destroys Hundreds of GPUs And ASICS in China #blockchain #bitcoin #ethereum https://t.co/MbbOKjhnO9
Automate your Trading via Crypto Bot : https://ift.tt/2EU8PEX
Join Telegram Channel for FREE Crypto Bot: Crypto Signal
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VLOG to shenzhen china to see the newest asic bitcoin mining hardware 38...

VLOG to shenzhen china to see the newest asic bitcoin mining hardware 38... submitted by minerdigi to Bitcoin [link] [comments]

VLOG to shenzhen china to see the newest asic bitcoin mining hardware 38...

VLOG to shenzhen china to see the newest asic bitcoin mining hardware 38... submitted by SimilarAdvantage to BitcoinAll [link] [comments]

Viernes de Bitcoin en Resumen: China Estudia un Estándar para el Uso de Blockchain y Zcash Lucha Contra los ASIC Chinos.

submitted by sokeaman to bitcoins [link] [comments]

We looked inside a secret Chinese bitcoin mine - YouTube Inside a Secret Chinese Bitcoin Mine - YouTube Bitcoin Mining with Asic Bitcoin mine China (2 minutes) A 360 tour of a giant Chinese bitcoin mine - YouTube

Bitcoin-Mining in China: Regierungskommission schlägt Verbot vor Noch findet ein erheblicher Teil des Kryptogeldminings in China statt. Doch eine Regierungskommission hat nun ein Verbot angeregt. Der Bau einer ASIC-Mining Farm begann im August 2013 mit dem Erwerb der besten Kühlanlagen und Pumpen in China. Anfang Oktober begann diese Farm zu funktionieren. Hongkong ist ein guter Standort für eine Bitcoin Farm mit 2 Faktoren Nähe zu chinesischen Chipherstellern; ein liberales regulatorisches Umfeld, das nicht die Probleme der Bitcoin-Regulierung auf dem chinesischen Festland ... Check out ASIC Bitcoin miners such as Dragonmint miner or The Antminer S9. DragonMint B29 and Antminer S9 . In addition to high speed, manufacturers must provide a low hash price. It means that the performance of the facility will be high. Here are reliable brands to watch out for. Bitmain technologies. Bitmain. This brand is created in China and produces reliable Bitcoin ASIC chips. The most ... ASIC vs CPU mining []. An ASIC Bitcoin miner is designed exclusively for the purpose of mining bitcoin. Though significantly more expensive to purchase, they are far more powerful (higher hash rate) and electricity-efficient than CPUs and GPUs (graphics cards) – used for mining in the early days of bitcoin – and even FPGAs (field programmable gate arrays), which were, in 2011, the most ... In life, they say that you can only rely on death and taxes. While this may be true, I’d like to propose a third: that China will always be the Bitcoin mining capital of the world. In fact, it controls up to 80% of the world’s total hash rate, is responsible for manufacturing the vast majority of mining equipment and is home to some of the world’s largest mining farms.

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We looked inside a secret Chinese bitcoin mine - YouTube

Bitcoin Mining is the execution of mathematical calculations by computer hardware to confirm Bitcoin transactions and increase security. As a reward for your services, Bitcoin-Miner may collect ... In 2014, before Ethereum and altcoin mania, before ICOs and concerns about Tether and Facebook's Libra, Motherboard gained access to a massive and secretive ... Detail: https://goo.gl/1dk2l1 Exclusive visit to ASIC retailers in China - Duration: 8:19. Asia Crypto Today 2,921 views. 8:19 . WhatsMiner M10 Bitcoin ASIC Miner Demo In English - Duration: 10:09. Joe Crypto 2,783 views. 10 ... One of the world's biggest bitcoin mines is in Inner Mongolia, China. Quartz Tech Reporter Joon Ian Wong describes his rare trip inside. The mine is operated...

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