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Bitmain to reveal world’s first Big Data Analysis Report of Global Mining Farms during World Digital Mining Summit this October

SINGAPORE, 11 September 2019 – Bitmain – the world’s top 10 fabless chipmaker – is set to release the world’s first Big Data Analysis Report of Global Mining Farms during the World Digital Mining Summit (WDMS) on 8-10 October in Frankfurt.

The report will provide in-depth analysis and insights on the cryptocurrency mining industry – covering mining farms, to global electricity costs, site selection of mining farms and construction expenses – to help decision-makers have a more complete and comprehensive understanding of the market opportunities, risks and hurdles.

“Bitmain is proud to be leading research and development efforts in the cryptocurrency mining industry and this comprehensive big data analysis report is a successful outcome of it, thanks to our strength and experience accumulated in this industry,” said Matthew Wang, Director of Mining Farm of Bitmain.

The agenda for the two-day summit features industry investment and innovation for the mining sector. Jihan Wu (Bitmain Co-Founder), John Ge (Matrixport CEO), Marco Streng (Genesis Mining CEO), and more than 30 industry leaders will gather to share their knowledge and insights of the industry. 

Keynote speech topics include but are not limited to: Decentralized Digital Mining, Mining and Power Generation,Higher Efficiency of Mining Operations, New Trends in Digital Mining, Innovating in Mining – New Revenue Streams, Development of Miner Firmware, Modular Design, and Construction of Data Center.

Participants of the WDMS can also expect panel discussions on Bitcoin Block Reward Halving and Traditional Finance and Crypto Finance Ecosystem, as well as networking dinners and opportunities of growing their network and business.

The full event agenda, guest list and ticket details for attendees can be found here.

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Bitmain’s looking for the world’s top 10 mining farms. Could it be yours?

The digital mining sector is booming. Naturally, as the cryptocurrency sector grows, so has the development of mining farms.

To provide a platform for mining farms owners to share and exchange insights, Bitmain has launched the search for the “Top 10 Mining Farms Around the World”.

Sample Photo:Mining Farm

The contest is an invitation to those in the global mining industry to vote for the most innovative operations out there.

Winners will receive VIP tickets to the highly anticipated World Digital Mining Summit held in Frankfurt on 8-10 October 2019 and will be presented their winning titles at the event.

How to Participate and Register

1. Show us why your mining farm should win

To participate, please submit the following details about your mining farm for consideration

  1. Location
  2. Capacity(Example: 50 MW ready for use with a total load of 100 MW.)
  3. Mining farm condition(Example: There is a water cooling system, a heating system, etc.)
  4. Hosting price
  5. History running status(Example:There are 10,000 Antminer S9 in smooth operation at present)
  6. Available slots
  7. photos

2. Submit all required materials by email before 13 September

All submissions must be sent in full to be considered and shared to the official competition email: miningfarm@miningconf.org

Alternatively, you can also email the materials to an Antminer salesperson who you are familiar with.

3. Vote

Once we have received all the materials from mining farm owners, Bitmain will invite miners from around the world to vote.

Voting period: 16-20 September 2019

The campaign starts from the publication of this post – don’t miss out and register today!

We look forward to meeting you in Frankfurt this October!

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Bitmain expands in-demand Antminer 17 series with two new miners; reveals specifications and selling times

HONG KONG, 06 Sep 2019 –Bitmain, the world’s top 10 fabless chipmaker, has expanded its in-demand Antminer 17 series of miners with two new models – Antminer S17e and Antminer T17e, – and is announcing specifications as well as selling times ahead of the launch date on 09 September 2019.

The Antminer S17e and T17e models have been designed to offer the best value for money. The Antminer S17e has a hash rate of 64 TH/s and operates with a power efficiency of 45 J/TH, while the T17e offers a hash rate of 53 TH/s and power efficiency of 55 J/TH.

Antminer S17e

Significant improvements to power efficiency and hash rate have been achieved from Bitmain’s comprehensive strength accumulated over the years in the field and relentless technological innovation.

Both new models have been designed for more stable operations in the long-term to reduce maintenance costs for customers. This is made possible through the dual tube heat dissipation technology which improves how efficiently heat dissipates. The models are also equipped with a more secure software system to prevent malicious attacks.

Antminer S17e & Antminer T17e

Bitmain also introduces its compensation strategy for delivery delay. If mining machines are not shipped after a certain period of the specified delivery date, Bitmain will compensate customers by coupons for each day of delay, based on PPS rewards of the mining pool (electricity cost deducted).

The Antminer S17e and T17e will be released in three batches and will be available for sale on Bitmain’s official website according to the following timings:

1st Batch: 

Selling Time: 09 September 2019, 19:00 GMT+8

Delivery Time: 01- 10 November 2019

2nd Batch:

Selling Time: 10 September 2019, 19:00 GMT+8

Delivery Time: 11-20 November 2019

3rd Batch: 

Selling Time: 11 September 2019, 19:00 GMT+8

Delivery Time: 21-30 November 2019

For further sales inquiries, please contact Bitmain’s specified sales teams based on your region:

North, Central, South America

Contact: sales.ncsa@bitmain.com

Europe, the Middle East, and Africa & The Commonwealth of Independent States:

Contact: sales.emeacis@bitmain.com

Asia Pacific:Contact: sales.apac@bitmain.com

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Bitmain’s highly anticipated World Digital Mining Summit to address the future of digital mining with a focus on financial growth

Cryptocurrency mining leaders to speak include: Jihan Wu (Bitmain Co-Founder), John Ge (Matrixport CEO), Marco Streng (Genesis Mining CEO), and more.

HONG KONG, JULY, 30 2019 – The World Digital Mining Summit (WDMS) hosted by Bitmain – the world’s top 10 and China’s second largest fabless chipmaker – is set to return on 8-10 October in Frankfurt with a focus towards industry investment and innovation for the mining sector.

The second edition of the WDMS will expand its mining agenda to include various financial solutions into digital mining, mining optimization solutions, and showcase top mining and blockchain companies.

Over the two-day mining summit, attendees will have the opportunity to undertake workshops, hear keynote speeches from the industry’s leading minds, and meet new and old acquaintances from the mining industry.

Thought leaders confirmed to speak include Jihan Wu (Bitmain Co-Founder), John Ge (Matrixport CEO), Marco Streng (Genesis Mining CEO), amongst others. A full and updated list can be found here.

The 2019 WDMS will also provide attendees a chance to network with key industry decision makers, mining experts, investors and entrepreneurs.

The summit comes at an important time for the development of the cryptocurrency mining industry as the sector matures and demand for new and innovative ways to enhance digital mining grows. 

WDMS continues to be the ideal setting for global miners to gather, share ideas and shape the future of the mining industry.

The full event agenda and ticket details for attendees can be found here.

Members of the press can apply for a pass by sending an email to media@miningconf.org


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Announcing Coconut Remote Anonymous Authentication

We are excited to announce Coconut, a system and application solution that provides users with real name registration for the platform while enhancing the privacy. As privacy and regulation become increasingly important within the digital asset sector, Bitmain has developed a centralized identity authentication process that meets both regulatory requirements while fully protecting user privacy by separating the real-name authentication responsibility from business partner/platform.

On the other hand, we also understand that a fundamental value of blockchain is used to keep a user’s identity and their transaction history private and separated. While we strongly believe in this value, new regulations are requiring practitioners to identify business participants. Bitmain is launching Coconut to satisfy these new regulations and allow organizations to conduct business legally and compliantly.

Although there are numerous identity authentication schemes in the industry, most of these schemes focus on the use of blockchain to store and verify users’ identity information, or they attempt to carry out authentication in an absolute decentralized manner, which, considering today’s reality, seems to be part of a cryptopian future. The failure of the existing schemes to address the issues today has prevented them from being adopted widely. Coconut aims to use technical means to solve the problems in the service layer instead of the network layer.

Once users are identified by organizations, they are given an Intel® Enhanced Privacy ID (EPID) private signing key which cryptographically proves they are a valid member of a group without revealing their “real name” identity. The real-name authentication organization (“KYC service provider”) can use the Intel EPID public group key to verify a user’s identity without revealing personally identifiable information (PII data). In other words, with Coconut, users’ identities are kept private and their Intel EPID credentials allow various organizations to easily, quickly and conveniently verify a user’s authenticity. As an added protection, when the user’s Intel EPID private key is lost or copied, the valid signatures corresponding to the Intel EPID certificate can be revoked and added to the blacklist. It effectively reduces the risk of fraudulent identity.

In a conversation with Lorie Wigle, Intel VP Software and Services Group-General Manager, Platform Security Product Management, she expressed that “AI, analytics, and blockchain technologies are delivering new insights and business models from user data. However, GDPR and other privacy initiatives are placing controls on the use of personal data that could limit the impact of these breakthrough technologies. Intel EPID was created as an open technology and ISO standard to solve the intersection of managing identity at scale while offering anonymity for users and devices. Bitmain’s implementation of Intel EPID unleashes the true potential of blockchain technologies by improving privacy as a barrier to adoption.”

Being the interactive hub of user activity, aKYC service provider and business platform performs the role of an issuer of Intel EPID identities. Coconut plays crucial roles, and there are multiple business models it fits in. Coconut can be an identity authentication app that provides an Intel EPID identity service to external business platforms. Or for big corporate groups it can be used as an authentication system for risk management. After one-time real name authentication in the system, the user can participate in all businesses under the group. For institutions with high social credit, such as banks, in addition to internal use, their Coconut systems can be used externally as well.

We believe this advanced solution will enable both individuals and organizations to freely participate in blockchain and cryptocurrency technologies, despite new regulations surfacing within the industry. We believe that Coconut is the best scheme to balance anonymity and regulation. Besides, it can be implemented easily with consistent technical standards and it can be used extensively because of a strong feasibility.

We have shared Coconut development documentation at Github, you can find it here: https://github.com/coconut201812/coconut

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The 7nm Antminer S15 and T15 are now available for purchase

We’re pleased to announce that the newest Bitmain next-generation 7nm miners – Antminer S15 and Antminer T15, with two variations of each – are available for purchase today, November 8, 2018, at the following times:

  • Russia: 17:00
  • Germany: 15:00
  • USA: 9:00 (EST)

Our new miners utilize innovative technologies to improve the performance of the new miners’ power and power consumption, and computing performance.

The Antimer S15 provides long-term energy efficiency through its use of Bitmain’s 7nm chip that integrates over 1 billion transistors per unit. This feature significantly improves the computing performances of Antminer. The chip contains a unique circuit structure and low power technology.

Photo: Antminer S15

Additionally, the Antminer S15 chip uses an exposed die package solution moving beyond the traditional over-molding plastic package. The back side of the wafer is in direct contact with the heat dissipation interface and the heat sink, improving the heat transfer efficiency.

The Antminer S15 high-performance mode can achieve a hash rate of 28 TH/s with a power efficiency as low as 57 J/TH; its energy-saving mode can improve power efficiency to 50 J/TH while maintaining a hash rate of 17 TH/s.

Similarly, our Antminer T15 high-performance mode sees a hash rate of 23 TH/s and a power efficiency as low as 67 J/TH. Its energy-saving mode can improve power efficiency to 60 J/TH while maintaining a hash rate of 20 TH/s.

Photo: Antminer T15

On both modes, the heat dissipation efficiency is significantly improved from prior modes. Adopting the new heat dissipation structure, the parallel fan design is applied to both modes to shorten the wind speed and reduce wind resistance. As a result, the reliability for long-term operation of the miner has been upgraded while reducing maintenance cost.

For large mining farms, both modes are easy to implement as an all-in-one design of miner with PSU and can be set up vertically or horizontally, making it flexibly adapted to different mining farms and miner racks. With the new high conversion power supply APW8, 16-18V high-voltage output, new miners can effectively reduce the power loss during the power conversion process, helping mining farms save on electricity costs.

Antminer S15 and Antminer T15 are officially on sale on the Bitmain international website (https://shop.bitmain.com/).---------------------
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Antminer Z9 Mini Shipments: An Experiment in Radical Transparency

With multiple thriving cryptocurrencies supported by diverse development roadmaps within each, Bitmain strongly believes that the permissionless internet of money promises a more secure future. Zcash is one such cryptocurrency that we hope to see thrive and help deliver on this promise.

Bitmain supports those members of the Zcash community who believe that security, reliability, and accessibility are among the highest-order values in a cryptocurrency network. We also believe that dedicated, ASIC-based mining systems reinforce these values. This is especially evident given recent news about the potential security dangers when crypto networks are not secured by large amounts of dedicated and dependable mining power.

Given that, we want to make sure we do our best to allow Zcash community members to predict and plan for when increased hash rate comes online.

We have therefore decided to carry out the shipments and QA of all Antminer Z9 Mini units in the most transparent fashion possible. To this end, we will tweet real-time updates from our QA teams and shipping warehouse via our official account (on 19th June, all Tweets, including these Z9 mini updates, relating to Antminer series and all other products sold on shop.bitmain.com moved to twitter.com/Antminer_main), using the hashtag #Z9QA. As has always been our policy, all orders will be shipped on a first-paid-first-shipped basis. We will also share the time of payments (though not the identity or location of the buyer) for the orders that are about to be shipped.

This is something we have never done before but we continue to experiment with the best ways to work and communicate with the communities in which we operate.---------------------
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On Sia’s “The State of Cryptocurrency Mining”

David Vorick, lead developer of Sia, recently shared a blog post titled “The State of Cryptocurrency Mining,” which provides a perspective into the cryptocurrency mining world.  

First off, we’d like to express our appreciation for David and what he’s achieved with Sia. The crypto community revolves around transparency and trust, and we hope to someday work with David and his team.  

That said, the article reflects some persistent misunderstandings about our business, and we’d like to take the opportunity to clear up the confusion. We’d like to briefly address the most egregious ones.  

“Playing Dirty” 

The article accuses Bitmain of “playing dirty,” claiming that that the company has attempted to block Obelisk from manufacturing in China.  

Considering the truly vast number and diversity of suppliers in China, it’s difficult to consider that Bitmain could possibly exert such powerful control over a competitor’s supply chain to the degree the article suggests. The article does try, though. Indeed, this section—fully six percent of the total article—tries to accuse Bitmain of “playing dirty” while stating twice that there is no evidence of same. 

There are numerous suppliers and other third-party agencies involved in the manufacturing of a miner, both in China and elsewhere.  

This is, at its very bottom, a conspiracy theory, much like some of the other ones we frequently encounter. This brings us to the next item.  

A3 and “Flooding the Market “

The article asserts that Bitmain floods the market with its mining rigs. Here is what really happened: At launch, Bitmain introduced a strict one-miner-per-user batch allocation policy and other methods [1][2] in order to restrict hoarding and combat centralization. The number of miners made available per round was purposely limited to help further regulate their introduction into their respective ecosystems. Since then, we’ve enforced this policy with the launch of all ASIC miners for cryptocurrencies that can be profitably mined by GPUs. The article’s calculations here are merely speculative. 

Again, in an article that makes a number of accusations, we wanted to tell our own side of the story. Our license-to-operate within the cryptocurrency ecosystem is vital to our business and we do not take it for granted. We will continue to provide industry-defining mining hardware and services, while remaining sensitive to the communities in which we participate.  ---------------------
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OK, What in the World is an ICO, Anyway?

2017 is shaping up to be the Year of the ICO. China recently banned initial coin offerings, and instructed companies who had conducted such fundraising efforts return the money they received. Although $2.32 billion has been raised through ICOs – $2.16 billion of that has been raised in 2017, according to Cryptocompare – many people are still wondering: what in the world is an ICO, anyway?

The ICO headlines have been impressive. EOS raises $185 million in five days. Golem raises $8.6 million in minutes. Qtum raises $15.6 million. Waves raises $2 million in 24 hours. The DAO, Ethereum’s planned decentralized investment fund, raises $120 million (the largest crowdfunding campaign in history at the time) before a $56 million hack crippled the project. 

Short for ‘initial coin offering’, an ICO is an unregulated means of raising funds and is commonly employed by blockchain-based ventures. Early backers receive tokens in exchange for crypto-currencies, such as Bitcoin, Ether and others. The sales are made possible by Ethereum and its ERC20 token standard, a protocol designed to make it easy for developers to create their own crypto-tokens. While the tokens sold can have diverse uses, many have none. Token sales allow developers to raise funds to finance the project and the applications they are building.

Bitcoin.com writer Jamie Redman penned an acerbic 2017 post introducing the fictitious “Do Nothing Technologies” (DNT) ICO. “[F]illled with blockchain word salad and loosely related math,” the satirical white paper makes clear that “The DNT sale is not an investment or a token that possesses any value.”

It adds: “The purpose of the ‘Do Nothing for You’ blockchain is simple to understand. You give us bitcoins and ether, and we promise we will fill our pockets with wealth and not help you in the least.”

MyEtherWallet, a wallet for ERC20 tokens oft-associated with ICOs, recently tweetstormed an indictment of ICOs: “You do not provide support for your investors. You do not protect your investors. You do not help educate your investors.” Not everyone is so generally critical of the craze.

“ICOs are a totally free market way of raising money for financial startups,” says Alexander Norta, a veteran smart contract expert. “It is actually an anarcho-capitalistic way of financing, and it will lead to many cool innovations that will significantly reduce the role of fraudulent banks and oversized governments. ICOs will revive free-market capitalism again and reduce this government run crony-capitalism we have now.”

According to Reuben Bramanathan, Product Counsel at Coinbase, individual tokens serve different functions and rights. Some tokens are essential in the functioning of a network. Other projects might be possible without a token. Another type of token serves no purpose, as is the case in Redman’s satirical post.

“A token can have any number of characteristics,” says the technology-focused lawyer, a native of Australia who now lives in the Bay Area. “You might have some tokens that promise rights that look like equities, dividends or interests in a company. Other tokens might present something quite new and different, such as distributed apps or new protocols for exchanging resources.”

Golem network tokens, for instance, enable participants to pay for computer processing power. “Such a token doesn’t look like a traditional security,” according to Mr. Bramanathan. “It looks like a new protocol or distributed app. These projects want to distribute tokens to users of the app and they want to seed the network that is going to be used in the applications. Golem wants both buyers and sellers of computer processing power to build the network.”

While ICO is the most common term in the space, Mr. Bramanathan believes it to be insufficient. “While the term emerged because there are some comparisons [between the two ways of] raising funds, it gives the wrong impression from what these sales really are,” he says. “While an IPO is a well-understood process of taking a company public, a token sale is the early stage sale of digital assets representative of potential value. It’s really very different in terms of investment thesis and value proposition than an IPO. The word token sale, pre-sale or crowdsale makes more sense.”

Indeed, companies have moved away from the term “ICO” as of late because the term could mislead buyers and attract unnecessary regulatory attention. Bancor held instead a “Token Allocation Event.” EOS called its sale a “Token Distribution Event.” Others have used the terms ‘token sale’, ‘fundraiser’, ‘contribution’ and so on.

Both the US and Singapore have signaled they would regulate the market, but no regulator has taken a formal position on ICOs or token sales.  China did put a stop to token sales, but experts on the ground their foresee a resumption. The U.S. Securities and Exchange Commission and Financial Conduct Authority in the UK have commented, but none have established a firm position about how the law applies to tokens.

“This is a space of continued uncertainty for developers and entrepreneurs,” says Mr. Bramanathan. “Securities law will have to adapt. In the meantime, if best practices emerge, we will see developers, exchanges and buyers learn lessons from past token sales. We also expect to see some token sales move to the KYC model or at least a model intended to limit the amount people can buy and increase distribution.”

Image Source: Shutterstock---------------------
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What Every Bitcoiner Should Know About ‘Bitcoin Cash’

In a few days the notorious August 1st is approaching, and it’s likely this day will be remembered for a long time. This week Bitcoin.com discussed the possible scenario of a user activated hard fork called “Bitcoin Cash” as much of the community doesn’t realize this fork will likely still happen despite Segwit2x’s current progress.

Also read: Bitmain’s 24 July Statement about Bitcoin Cash

What is Bitcoin Cash?

Bitcoin Cash is a token that may exist in the near future due to a user-activated hard fork (UAHF) that will bifurcate the Bitcoin blockchain into two branches. The UAHF was initially a contingency plan against the user-activated soft fork (UASF) announced by Bitmain. Since this announcement, at the “Future of Bitcoin” conference a developer named Amaury Séchet revealed the Bitcoin ABC” (Adjustable Blocksize Cap) project and told the audience about the upcoming UAHF.

Following Séchet’s announcement and after Bitcoin ABC’s first client release, the project “Bitcoin Cash” (BCC) was announced. Bitcoin Cash will be pretty much the same as BTC minus a few things, like the Segregated Witness (Segwit) implementation and the Replace-by-Fee (RBF) feature. According to BCC, a few of the biggest differences between BTC and BCC will be three new additions to the bitcoin codebase that include;

  • Block Size Limit Increase – Bitcoin Cash provides an immediate increase of the block size limit to 8MB.
  • Replay and Wipeout Protection – Should two chains persist, Bitcoin Cash minimizes user disruption, and permits safe and peaceful coexistence of the two chains, with replay and wipeout protection.
  • New Transaction Type (a new fix was added, note the “UPDATE” at the end of this post)– As part of the replay protection technology, Bitcoin Cash introduces a new transaction type with additional benefits such as input value signing for improved hardware wallet security, and elimination of the quadratic hashing problem.

Bitcoin Cash will have support from various members of the cryptocurrency industry including miners, exchanges, and clients like Bitcoin ABC, Unlimited, and Classic will also be assisting the project. In addition to this help, Bitcoin Cash developers have added a ‘slow’ mining difficulty reduction algorithm just in case there’s not enough hashrate to support the chain.

Mining and Exchange Support

“We continue to remain committed to supporting the Segwit2x proposal, which has received broad support from Bitcoin industry and community alike — However, due to significant demand from our users, the Bitcoin.com Pool will give mining customers the option of supporting the Bitcoin Cash chain (BCC) with their hashrate, but otherwise Bitcoin.com Pool will by default remain pointed at the chain supporting Segwit2x (BTC).”

Bitcoin.com previously reported on Viabtc adding a BCC futures market to their exchange’s listed coins. The token has been trading at roughly $450-550 over the past 24-hours and reached an all time high of $900 when first released. Two other exchanges, Okcoin via the ‘OKEX’ platform and Livecoin have also announced they will also be listing BCC on their trading platforms. Bitcoin Cash supporters expect more exchanges to follow shortly after the fork is complete.

What Can I do to Obtain Bitcoin Cash?

Again, regardless of Segwit2x’s progress this fork most likely will happen and bitcoiners should be prepared. There are a few days left until August 1 and those looking to acquire Bitcoin Cash should remove their coins from third parties into a wallet they control.

For more information on Bitcoin Cash check out the official announcement here, and the BCC website here.

 

UPDATE, 28 July 2017: According to bitcoincash.org, a change (fix) has been introduced to make “New Transaction Type” to “New Sighash Type”. Following is more info on this new feature:

New SigHash Type – As part of the replay protection technology, Bitcoin Cash introduces a new way of signing transactions. This also brings additional benefits such as input value signing for improved hardware wallet security, and elimination of the quadratic hashing problem.

 

 

Written by Jamie Redman for Bitcoin.com | Original article: https://news.bitcoin.com….---------------------
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