Bitcoin mining might seem like a pointless exercise in solving zeros and ones, but it is the first industry to develop 7nm chips, beating governments and giant corporations in the process. To tell their story, what follows is an astonishing Chinese article that has been very roughly translated from Chinese with little modification. It tells the story of the bitcoin mining industry in China ... 8BTCNews is set to bridge the blockchain development between China and abroad. The development of Chinese blockchain industry will be updated regularly to help the Chinese blockchain startups to gain access to the overseas market. Also 8btc is seeking to help foreign blockchain-related projects to grow their business and community in China. The China-based miner giant Canaan Creative on July 31 released its latest products – a TV set with built-in bitcoin mining chips and a 30T miner. Canaan, or Jiananyunzhi (“嘉楠耘智” in Chinese), was founded in April 2013 in Hangzhou by Zhang Nangeng, aka NgZhang. I am Ngzhang, the founder of Avalon Project and the CEO of Canaan Creative Co. Avalon project released the world's first Bitcoin Mining ASIC chip(A3256) and Machine(Avalon1), and spread mining machines to the community. I regrouped the team in Beijing and found the company -- Canaan Creative in Sep 2013 and begun to take full responsibility of the Avalon Project. Up to now, we are still making ... Bitcoin News also reported nowadays that criminal hackers remain at large and have even initiated cash laundering treatments. About 22% from the stolen money collected has been used in the Bitcoin personal privacy wallet Wasabi, intending to mix coins. Nevertheless, the hacker still left traces of deal records within the exchanges Binance, Coinbase, and custodian BitGO; as a result, with the ...
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