Category: Bitcoin

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Chinese Media Platform Publishes Chart On Bitcoin Mining Cost: China Cheapest, Denmark Most Expensive

Chinese Media Platform Publishes Chart On Bitcoin Mining Cost: China Cheapest, Denmark Most Expensive

Chinese media platform Odaily published its “Global Mining Cost Map”, showing the electricity cost of mining a Bitcoin in different countries across the world. Obviously, electricity makes up most of the cost for mining cryptocurrencies, hence this is a key consideration before choosing a location to start mining. Unsurprisingly, China is on top of the...

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Chinese Crypto Miner Predicts That Bitcoin Could Reach $740K

Chinese Crypto Miner Predicts That Bitcoin Could Reach $740K

Zhu Fa, co-founder of Poolin, a Chinese-based crypto mining pool, predicted that the Bitcoin (BTC) price could hit 5 million Chinese yuan ($738,000 (USD), crypto news outlet 8BTC reported on Feb.11. While Zhu noted that “it now feels more like a bear market,” he reportedly predicted that in the next bull run, prices will be 10–20 times higher...

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Bitcoin Network Comes To A Standstill In China

Bitcoin Network Comes To A Standstill In China

Ben Kaiser from one of the most impressive universities in America, Princeton University and Alex Ledger from Florida International University have written a paper together on what China is impacting Bitcoin. Standstill. The paper, titled ‘The Looming Threat of China: An Analysis of Chinese Influence on Bitcoin’ describes all the multiple different ways that China...

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Living of Bitcoin in China – New Documentary – Is It Possible?

Living of Bitcoin in China – New Documentary – Is It Possible?

The rapid growth of mobile payment services like Alipay and WeChat Pay has enabled China’s biggest cities to transform into cashless societies, enabling consumers to use their smartphones to pay for almost everything – from meals and transport to film tickets and foot massages. The development of cryptocurrencies, however, has sparked interest in how one...

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Bitcoin Yuan Trading Dips Below 1%

The much-publicised and controversial crackdown by China’s central bank on the country’s domestic cryptocurrency sector has had its desired effect on trading. The People’s Bank of China (PBoC) – the country’s central bank and financial regulator – has released data that claims bitcoin trading in China’s fiat currency, the renminbi (RMB), has dropped below 1 percent...

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Bitkan presents documentary “Bitcoin – Shape the future”

Bitkan presents documentary “Bitcoin – Shape the future”

On September 20th, the Blockchain Global Summit took place in Hong Kong.One of the highlights during the event was the premiere of China’s first bitcoin documentary: “Bitcoin – Shape the future”, presented by Bitkan, and supported by Bitmain, Huobi, ViaBTC and Bixin. The 45 minutes long film shows the history and development of bitcoin in...

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