Momentum for Bitcoin Unlimited continues to increase as a new pool is to enter the network. Chandler Guo, a well-known and liked bitcoiner in China, is to take his current hashrate of around 50P, or 1.5% of the network, out of BW.com and into a new Xpool which will mine with Bitcoin Unlimited. Guo has further revealed a plan to raise 12 million ETC in an ICO to increase the pool’s hashrate to...
Chinese investor Chandler Guo, who has invested in various bitcoin and Ethereum Classic startups including major bitcoin mining pool BW.com, stated at the Annual Meeting of the New Champions in Tianjin China that the world GDP will be based on bitcoin. Since the introduction of bitcoin in early 2009, the global financial system and market have changed drastically. Banks have begun to implement...
BBC reporter Danny Vincent visited a bitcoin mine in China that reportedly mines up to $8 million per year. Vincent was invited to tour the mine under the condition that its location remains confidential. The reason for the secrecy is that the mine is outside the control of the Chinese government, which has not taken a pro or con position on the cryptocurrency. The location is so high in the...