GBMiners Fills Gap for Bitcoin Adoption in India
As India recovers from the announcement of the banning of two of its biggest banknotes, a new mining pool, GBMiners, is attempting to fill a gap in the country with the adoption of bitcoin. With over 250 million people unbanked in India and as the world’s largest inward remittance market, which received just under $70 billion in 2013, India represents a prime location for bitcoin adoption. As bitcoin has grown in popularity throughout the years, the Indian market has gladly jumped on board with the likes of Indian bitcoin exchanges Zebpay and Unocoin, illustrating that bitcoin’s growth in....
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A new mining pool, called GBMiners, has emerged with nearly 5 percent of the Bitcoin network’s hashpower. It is the largest mining pool outside of China and the first to be based in India. India, which represents the world’s biggest remittance market with over $69.97 bln worth of payments received in 2013, is considered one of the fastest growing Bitcoin markets in the world. Over the past few years, major Indian Bitcoin startups, including Unocoin, have demonstrated significant growth in terms of daily trading volumes, user base, and online presence. Furthermore, Bitcoin has begun to gain....
GBMiners, a Bitcoin mining pool which mined its first block in August, now stands to be one of the most competitive mining pools in Bitcoin sector. India is not exactly a bright place when it comes to hosting Bitcoin mining operations, but a young startup is hoping to fight the odds for good. GBMiners, a Bitcoin mining pool which mined its first block in August, now stands to be one of the most competitive mining pools in Bitcoin sector. At press time, it has obtained over 5% in hashpower, and is willing to walk more miles with its impressive business plan. In a conversation with NewsBTC,....
A few weeks ago, the relatively new India-based bitcoin mining pool GBMiners decided to switch their software from Bitcoin Core to Bitcoin Unlimited. Bitcoin Unlimited is software that creates an alternative protocol and network based on Bitcoin, if a majority of miners decide to implement a new method for increasing Bitcoin’s current blocksize limit. Whether Bitcoin Unlimited would initiate a Bitcoin hard fork or effectively constitute the creation of an altcoin depends on what people decide to refer to as Bitcoin after the new chain is activated. Bitcoin Magazine reached out to GBMiners....
New Delhi is set to be the home of South Asia’s first Blockchain incubator called Satoshi Studios. The program is named after Satoshi Nakamoto the creator of Bitcoin, the world’s leading cryptocurrency. Companies that are selected for the program will be relocated to New Delhi for a three-month intensive course starting in April 2017 and ending in June 2017. The perks of the program include mentorship, hands-on sessions with Blockchain experts, office and living spaces and an investment of $50,000 in return for 8-15 percent of equity. The Blockchain incubation program is supported by....
A small yet detailed chat session with one of the highly emerging Bitcoin entrepreneurs from India. It is a rare small break for the entrepreneur. The board meeting has just been delayed for 15 minutes, giving us the opportunity to finally grab that much sought-after Skype appointment. We were waiting for a week to speak to Amit Bhardwaj, the founder of GBMiners, now one of the world’s highly emerging Bitcoin mining companies. A formal introduction leads us inside the world of Bhardwaj, giving us an apt look at his visions of pushing Bitcoin as the next-big phenomenon in India, a country....