Bitmain Technologies Limited is a privately-owned Chinese company, founded by Jihan Wu and Micree Zhan. Bitmain is also an operator of Antpool, one of the largest Bitcoin mining pools. Bitmain has offices in China, the US, Israel, the Netherlands and Switzerland. Bitmain was originally established to develop an ASIC chip capable of mining Bitcoin, but soon became an investor in mining software developer as well. The company is now working on creating chips for artificial intelligence. Bitmain Ltc., is a very successful company, with around $3.5 billion in profit generated in 2017. Bitmain is considered to be one of the most influential companies in the cryptocurrency industry by generating high-grade Bitcoin mining hardware, having huge mining capabilities and because of their technological advances. Bitmain has been criticized for centralizing the Bitcoin network and its monopolistic position in mining products with Bitmain’s Antminer S9 and Antminer T9+.
New Year Special
With crypto mining gaining momentum, here’s the newest products coming out in 2021 and what Bitcoin miners should look to buy.
Top crypto mining hardware to expect in 2021
The year-long dispute between Bitmain co-founders appears to be at an end with a $600 million compensation on the table.
Bitmain's 'hard fork' to end in $600M settlement in favor of Micree Zhan
Nasdaq-listed crypto firm Riot Blockchain purchases additional 15,000 Antminers from Bitmain for $35 million.
Riot Blockchain buys 15K Bitmain Antminers, expects 65% hash rate increase
New Year Special
Crypto is no stranger to weirdos, so here’s a few times the space got strange in 2020.
Five times crypto got weird in 2020
Bitcoin Core touts itself as a direct descendant of Satoshi Nakamoto’s original Bitcoin software client.
Bitmain reportedly cuts off funding to Bitcoin Core developers
Bitcoin's bull market is having a dramatic effect on demand for hardware resources as miners look to ramp up production.
Democratizing Bitcoin's hash rate takes center stage at mining summit
Where can you mine Bitcoin and Ether in 2020? Here are the top tips about mining pools and what you need to know before joining one of them.
Jumping into the pool: How to earn a profit mining Bitcoin and Ether