Scenes from a Visit to a Secret Chinese Bitcoin Mine
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 mountains that a visitor has to bring oxygen cans to breathe. Mobile phone connections are inconsistent. Wi-Fi-enabled chat apps and video calls are the main modes of communication. A 30-year-old by....
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Imagine if you lived life as a one of the four Bitcoin enthusiasts and miners in Northern China. Your government isn't a big fan of an unsanctioned global currency like Bitcoin seeping into the Chinese market but isn't standing its way right now. They reserve the right to shut you down at any time. Internet access is extremely limited to the proletariat, but the more money you have, the more you can get. You and your government see visions for your economic future, and they couldn't be more divergent. You hold your economic freedom in your hand or your servers. Your government holds you in....
In an exclusive interview with Cointelegraph, Zyskind discussed the future of Secret NFTs and exciting developments coming to the Secret Network. On Nov. 2, award-winning writer and director Quentin Tarantino announced he would auction off seven uncut scenes from Pulp Fiction as nonfungible tokens, or NFTs, built on the Secret Network (SCRT). The digitized assets will include the first uncut scripts of the movie, as well as secrets about the film and its creators.While the NFTs will feature public metadata, acting as a sort of front cover of the underlying digitized asset, only the NFT....
Global BTC hashrates still down over 15% following accident, Dogecoin the subject of trademark applications, and government official mentions BTC as an investment alternative The big news this week happened on April 16th, when a major power outage in Xinjiang wreaked havoc on the BTC hash rate. According to local sources, the hash rates on Ant Mine Pool fell by 21.93%, BTC.com by 18.5%, Binance Mine Pool by 22%, and Huobi Mine Pool by 25.5%. Reports from Cointelegraph linked it with safety inspections resulting from a mine accident in the western-most province. Western China has a strong....
Miramax sued the Hollywood director in November last year after the blockchain provider Secret Network announced the auction of his "uncut screenplay scenes." Miramax sued the director in November last year after the base-layer blockchain provider Secret Network announced the auction of "uncut screenplay scenes" from the 1994 film as NFTs. The film studio claimed to own all rights to "Pulp Fiction," except for those reserved for Tarantino, which excluded nonfungible tokens. The company was developing its own NFT strategy at the time. In a statement, the studio's attorney Bart Williams....
The Binance founder has also detailed some personal and business-related challenges he had to overcome from the Chinese government, even before the launch of Binance in 2017. Binance CEO Changpeng Zhao (CZ) has hit back at critics and conspiracy theorists who claim Binance to be a Chinese-based “criminal entity” that “secretly [belongs] in the pocket of the Chinese government.”CZ's response to critics came from a Sept. 1 blog post via Binance, and stems from a Twitter spat with a former Washington Post journalist who asked him; “While I have you here, who's Guangying Chen?” He explained....