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Bitcoin Mining Expert On the Impact of New Gov. Restrictions in China

Reportedly, about 21 mining farms running a 2000 MW mining unit in the Inner Mongolian region in China are getting affected by restrictions from the local government. We interviewed with Thomas Heller, a mining expert formally the Global Business Director at F2Pool, now working with HASHR8, to study the effect of the clampdown on the entire mining industry. According to the report, the Department of Industrial and Information Technology of the Inner Mongolia Autonomous Region is barring the miners to participate in energy trading. Hence, stripping them of the electricity discounts that industries enjoy when dealing with the Inner Mongolia…

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Empty Block Replaces 2426 Bitcoin [BTC]Transactions, No Double Spends Reported So Far

Reportedly, Antpool mined the stale block which had 2426 transactions which found its’ way into block height 644,543 but was replaced by another block. This new block was selected as the part of a longer chain, which has only the Coinbase transaction; the miner of the block is unknown. The Bitcoin [BTC] blockchain witnesses a rare event with what is called a ‘stale block.’ A stale block represents a valid block which has its’ transactions reversed because it fails to become a part of the main chain against another competing chain. The transactions from the stale block were moved to…

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Bitmain Delays Delivery of Bitcoin Miners by Three Months, as Co-Founders Battle for Company Control

Bitmain has delayed shipments of its Antminer bitcoin mining machines by three months, as the tussle between co-founders, Jihan Wu and Micree Zhan Ketuan, for control of the company intensifies. According to a post on Bitmain’s official Wechat account, the Beijing-based bitcoin miner maker said customers whose orders were due for delivery in June and July will have to wait until September and October. The equipment is typically ordered three months prior to delivery. That means the postponed shipments may have been ordered around March, making this a costly six-month wait for the affected bitcoin miners. Bitmain said in the…

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