Kraken, Bitmain Seek Dismissal in Bitcoin Cash-Fueled UnitedCorp Case

By CCN: Both Kraken and Bitmain have asked a federal court in Florida to dismiss a lawsuit against them brought by UnitedCorp, the news of which CCN broke back in December. The UnitedCorp lawsuit, broadly speaking, accuses Bitmain, Kraken, and others in concert with Roger Ver of conspiring to manipulate the Bitcoin Cash price and deviate from network consensus by “winning” the hash war. Were Bitmain and Bitcoin.com Acting Illegally During the Bitcoin Cash Hash War? The most exciting aspect of the lawsuit is that it asks the court to consider whether Bitmain and others violated the public trust by

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Bitmain already facing multiple lawsuits and more being filed. Their assembly, component, production, and repair companies are unpaid and losing patience. Seems Bitmain is deep in debt and trying to raise new capital from unwitting investors to keep going.

Bitmain already facing multiple lawsuits and more being filed. Their assembly, component, production, and repair companies are unpaid and losing patience. Seems Bitmain is deep in debt and trying to raise new capital from unwitting investors to keep going. submitted by /u/Bitcoin_21
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Bitcoin – The Currency of the Internet

Bitcoin Mining Giant Bitmain Launches New Chip, Hints at New Miners

Bitmain has announced the BM1397, a new, more efficient cryptocurrency mining chip. The chip sports a 28% power efficiency improvement over its predecessor. The news brought with a mention of upcoming S17 and T17 models, about which very little other information is available. According to a press release, the chip uses just 30 joules per terrahash. This means that as much as 33 terrahash can be powered by just 1 kilowatt of power. If an existing mining outfit were to simply replace its existing hashpower with the newer models (once they’re available), the power savings would be immediate. However, the

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Bitmain tried and failed to lock down the Antminer S15 firmware, I identified the vulnerability and @00whiterabbit wrote/tested the attack code. Once Bitmain complies with the GPL licenses for the firmware I will disclose the vulnerability to them so that they can fix it.

Bitmain tried and failed to lock down the Antminer S15 firmware, I identified the vulnerability and @00whiterabbit wrote/tested the attack code. Once Bitmain complies with the GPL licenses for the firmware I will disclose the vulnerability to them so that they can fix it. submitted by /u/Lightsword
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Bitcoin – The Currency of the Internet

More Layoffs: Bitcoin Mining Giant Bitmain Makes Cuts in Amsterdam & Texas

Bitmain’s problems continue, as the world’s largest bitcoin mining firm has announced a fresh round of layoffs. Bitmain is rumored to have lost over $ 700 million in Q4 2018, and late last month reports broke out that the Chinese mining giant is set to fire 50% of its workforce. Later, the company shut down its

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