Bitmain donated US$1 million to Hong Kong Polytechnic University

[Bitmain donates US$1 million to Hong Kong Polytechnic University] Jinse Finance News, Bitmain, with its brand Antminer, donated US$1 million to Hong Kong Polytechnic University through the Hong Kong Sustainable Technology Foundation to help it conduct research on Bitcoin’s impact on carbon neutrality and potentially beneficial core projects. Bitmain has been actively encouraging and promoting the development of PoW mining through technological innovation and environmental, social and corporate governance (ESG). The company insists on creating a win-win ecology with customers and partners. The project will be divided into four parts: "The evolution and heterogeneity of Bitcoin's carbon footprint, Bitcoin and carbon neutral issues, intelligent energy empowerment for Bitcoin miners and energy companies, and the role of Bitcoin industry leaders in sustainable development goals." Carry out empirical research in each aspect, and finally output a white paper as the research result.

Other news:

News | Bitmain is suspected of bypassing the patent and forcing the AsicBoost function: According to reports today, Bitmain released the S9 firmware to implement the AsicBosst function, thereby reducing power consumption by 20%. According to people familiar with the matter, Bitmain’s S9 mining machine has supported the AsicBoost function in 2017, but it has not been released because AsicBoost is protected by patents, and Bitmain was excluded from the use list because it was “targeted”. In addition, according to the AsicBoost patent official website, the name of Bitmain does not appear on the "Available Patent Users" page. In addition, the S9 mining machine that once helped Bitmain win half of the country is expected to face "shutdown" in the next 1 or 2 months. The newly launched AsicBoost function may be intended to save the S9 from this ending. [2018/10/23]

Analysis | Data shows that Bitmain’s computing power is approaching 51%, but comments suggest that hacker attacks are more cause for concern: data shows that last week, two mine pools under Bitmain, BTC.com and Antpool, dug out over the past 7 days The number of blocks reached 41.9%. Bitcoinist believes that Bitcoin and BCH use the same algorithm. Once Bitmain no longer mines BCH, but switches this part of its computing power to the Bitcoin network, its computing power may reach about 45%. And this figure is very close to 51%. But Bitcoinist believes that there is no need to worry too much about Bitmain's 51% attack, because there is no incentive to carry out the attack. Of greater concern are issues such as external hacking. [2018/6/25]

Samsung’s involvement in digital currency mining may become a strong competitor to Bitmain: According to South Korean media The Bell, Samsung Electronics has signed an OEM contract with a Chinese mining hardware manufacturer and will officially mass-produce bitcoin mining chips. As early as last month, the Korea Herald stated that Samsung Electronics had successfully developed a 14nm ASIC (Application Specific Integrated Circuit) chip and signed an agreement with Baikal to provide chips for the latter’s mining hardware. Previously, Samsung also mass-produced graphics card DRAM suitable for mining. This graphics card is twice as fast as regular GDDR5 d RAM and has a low-power design that helps mining GPU performance by up to 35%. Some analysts believe that Samsung will become a strong competitor of Bitmain. [2018/1/30]