Bitmain’s ‘hard fork’ to end in $600M settlement in favor of Micree Zhan
The year-long dispute between Bitmain co-founders appears to be at an end with a $600 million compensation on the table. Go to Source Powered by WPeMatico
Jihan Wu
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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 … Read more
Leadership Feud at Bitmain: 10,000 Antminers Go Missing in Inner Mongolia
Reports detail that 10,000 Antiminers have been allegedly stolen from a Bitmain facility in China. Sources say that the missing mining rigs concern the ongoing power struggle between Bitmain cofounders Jihan Wu and Micree Zhan. Back in mid-June news.Bitcoin.com reported on the power struggle between the Bitmain cofounders. For many years now Bitmain has been … Read more
Bitcoin ASIC Miner Manufacturing Domination: Bitmain and Microbt Battle for Top Positions
On June 16, 2020, Bitmex researchers published a report that noted bitcoin mining rig manufacturers have consolidated a great deal and in the future, Bitmex researchers predict that “only 2 to 3 players will survive into the longer term.” There’s still a number of SHA256 mining rig manufacturers today, and regional reports claim that the … Read more
Bitmain’s Cofounder Accused of Hindering Next-Gen Bitcoin Mining Rig Shipments
On June 11, 2020, regional reports disclosed that the cofounder of Bitmain, Micree Zhan, is still battling with Jihan Wu in an ongoing feud. The quarrel is allegedly causing shipment problems for customers, as reports note that Zhan is prohibiting deliveries stemming from the company’s Shenzhen factory. Bitmain Cofounder Micree Zhan Accused of Causing Mining … Read more
Bitmain Cofounder Allegedly Expelled – Could Face Litigation for Operation Interference
One of the largest ASIC mining manufacturers worldwide, Bitmain, has allegedly ousted cofounder Micree Zhan. Regional reports note that he’s been threatened with litigation if he interferes with company operations. According to two local announcements written in Chinese, Bitmain has warned Zhan two times not to intervene with employees. Last October, news.Bitcoin.com reported on the … Read more
Bitmain Calls Ex Co-Founder’s Claims of Holding 36% Equity Baseless
Bitmain’s latest statement condemns ex co-founders claims of holding 36% equity in Fujian Zhanhua Go to Source Powered by WPeMatico
Bitcoin Cash Halving Results in Miner Exodus and Profitability Decline
Bitcoin Cash sees its first halving since the hard fork from BTC dented by hash rate decline due to miner exodus — but proponents remain upbeat Go to Source Powered by WPeMatico
‘Bull Run May Not Come Immediately After Bitcoin Halving,’ Says Bitmain’s Jihan Wu
Bitmain cofounder Jihan Wu’s recent interview discusses some of his predictions concerning the future of bitcoin, mining, the bitcoin halving, and the cryptoconomy. Despite the coronavirus outbreak and its effect on the global economy, Wu is optimistic and he believes the modern central banks’ loose monetary policy infecting the world will bolster the value of … Read more
The 35 Most Influential Bitcoiners Dominating Crypto Twitter by Follower Count
Twitter has become home to cryptocurrency influencers who use it for evangelism, spreading news, shilling coins, and shaming certain projects. Of course, the more followers a crypto thought leader has on Twitter, the greater their reach and influence. The following is a look at the top crypto Twitter (CT) influencers in 2020 and the number … Read more
