Vague and Misleading Statements Spotted in Bitmain Investor Deck

Vague and Misleading Statements Spotted in Bitmain Investor Deck

News
Language in Bitmain’s investor deck suggests investment from DST Global, despite the company’s recent denial of investment Vague statements in Chinese mining giant Bitmain Technologies’ investor deck ambiguously and potentially misleadingly list investors ahead of its rumored Initial Public Offering (IPO). In a Bitmain pre-IPO investor deck acquired by Cointelegraph, DST Global is listed as an investor, with claims that the investment is “recently completed.”  Henry Wu, a lawyer and legal expert at Chinese law firm L&Y Law Office, spoke with Cointelegraph, explaining that the document’s wording in the original Chinese is left vague. While it is possible to dispute the meaning, to the layperson or an uninitiated potential investor, the language would suggest Bitmain has acquired funds from DST Global. Earlier today, John Lindfors, a managing partner at DST…
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DST Global Denies Bitmain IPO Investment Few Days After SoftBank, Tencent’s Involvement Called Into Question

DST Global Denies Bitmain IPO Investment Few Days After SoftBank, Tencent’s Involvement Called Into Question

News
DST Global has denied involvement in crypto mining giant Bitmain’s IPO in an email to Cointelegraph, just days after SoftBank did the same. Investment firm DST Global has confirmed that it “has never invested” into the cryptocurrency mining giant Bitmain’s pre-IPO in an email to Cointelegraph August 21. Cointelegraph received an anonymous tip today, claiming that DST Global has not participated in Bitmain’s $400 million funding round earlier this year, despite reports to the contrary. After being asked to confirm the rumour, John Lindfors, a managing partner at DST Global, has said this in an email to Cointelegraph today: “I can confirm that DST has never invested in Bitmain.” The news follows days after another major player, Uber’s largest investor SoftBank, told Cointelegraph that reports about its participation in Bitmain’s…
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Bitcoin Mining causes as much CO2 per year as 1 million transatlantic flights

Bitcoin Mining causes as much CO2 per year as 1 million transatlantic flights

Bitcoin, News, Tech
Thanks to the proof-of-work algorithm, Bitcoin is extremely energy-intensive. The mining of the cryptocurrency consumes about as much energy a year as the whole of Austria. Bitcoin is also extremely ineffective compared to other payment methods such as Visa. In the proof-of-work algorithm, the miners have to solve a mathematical problem. This is so heavy that all miners only find a solution together about every 10 minutes, which then mimics a new block in Bitcoin. This block then writes all transactions that have passed since the last block. The block is then appended to the blockchain and is therefore no longer changeable. Miners are currently getting 12.5 bitcoins per block to mine. In addition, they receive the transaction fees of all transactions written to the block. While the transaction fees…
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Ethereum Miners earn $ 2.5 billion a year

Ethereum Miners earn $ 2.5 billion a year

Ethereum, News, Tech
Despite falling prices and endless scalability issues, the Ethereum Protocol continues to generate massive revenues for network miners. The figures of a report confirm $ 2.5 billion a year. Ethereum Miners generate a lot of capital According to an analysis by TrustNodes, the revenue from mining accounts for about 8.3 percent of Ethereum’s market capitalization, which is about $ 30 billion. According to the report, on August 11, miners received over $ 6.6 million in block rewards and mining fees. Spread over 365 days, the numbers add up to over 2.36 billion dollars. As the ether rate increases, so does the value. Ethereum’s inflation was also calculated at 7.3 percent, twice that of Bitcoin, which paid $ 12.7 million to miners the same day. Bitcoin’s annual payout for miners is…
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Should We Regulate Cryptocurrency Mining?

Should We Regulate Cryptocurrency Mining?

News
Regulating cryptocurrencies has been a hot topic for years now. While some believe regulation would be hypocritical to an ethos whereby users govern their own network and money, is there anything to be said for regulating aspects of cryptocurrency…say a cryptocurrency mining regulation for example? Cryptocurrency Mining Regulation – Here’s Why It’s Important No matter how you look at it, cryptocurrency mining has become a mega business. No longer the lay-mans game, if you want to compete in mining for Bitcoin, you need serious rigs that run in the thousands. The key to mining ... Read The Full Article On CryptoCurrencyNews.com Get latest cryptocurrency news on bitcoin, ethereum, initial coin offerings, ICOs, ethereum and all other cryptocurrencies. Learn How to trade on cryptocurrency exchanges. All content provided by Crypto Currency…
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SoftBank Denies Reports of Bitmain Deal; Bitmain Still Silent

SoftBank Denies Reports of Bitmain Deal; Bitmain Still Silent

News
Japanese telecom giant SoftBank has denied media reports of its involvement in a pre-IPO funding round of bitcoin mining rig manufacturer Bitmain.Last week, several media outlets had reported that SoftBank and Chinese internet giant Tencent were leading a pre-IPO funding round for Bitmain. The new information comes on the heels of a report that shows Bitmain unloaded most of its bitcoin (BTC) to accumulate bitcoin cash (BCH).According to last week's story, SoftBank and Tencent invested an undisclosed amount of money in the world's most valuable bitcoin mining rig maker, bringing its valuation to about $15 billion a few weeks before its planned Hong Kong IPO. Originally published on the Chinese platform QQ on August 4, 2018, the story was rapidly reproduced and reblogged around the world, It claimed that the…
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New Updated z-enemy 1.17 Nvidia GPU Miner With Better Hashrate

New Updated z-enemy 1.17 Nvidia GPU Miner With Better Hashrate

Ethereum, News, Tech
There is another zealot/enemy-1.17 (z-enemy) miner update from Dk and Enemy that adds even more performance improvements to the supported algorithms available. The new z-enemy 1.17 has a major hashrate boost of 5-10% for X16R & X16S, XDNA (HEX), x17, Bitcore (BTX), c11, Sonoa, Renesis and Aergo. Lower-end Nvidia video cards like the GTX 1050 and GTX 1060 should also see a few additional percents of improvement in performance as well. Also note that the latest miner no longer depends on memory, so it allows to run memory clock at +0 or -500 MHz without performance loss. The latest 1.17 version is available for CUDA 9.1 and 9.2 for both 32-bit and 64-bit Windows versions as well as CUDA 9.0, CUDA 9.1 an CUDA 9.2 binaries for Linux (HiveOS, PiMP…
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New T-Rex 0.6.1 Nvidia GPU Miner For Windows and Linux

New T-Rex 0.6.1 Nvidia GPU Miner For Windows and Linux

News, Tech
The T-Rex miner is slowly becoming a more popular solution for mining new coins thanks to the number of supported algorithms and the good performance and usability it offers. The latest version 0.6.1 adds two more new algorithms – Bitcore and Sonoa as well as some slight improvements to performance in all algorithms except Lyra2z. There is also added extra shares submit functionality to reduce the number of rejects on pool side (both resulting in increased poolside hashrate) along with a number of fixes and new features to further improve the software. If you are using it already to mine an algorithm that T-rex 0.6.1 supports you should give it a try. Our usual reminder that T-Rex is a closed source miner and that there is 1% development fee built-in…
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