Mining Company Bitmain Valued at $12 Billion

in #crypto4 years ago

The funding for the latest round of Chinese Cryptoconjency Mining Giant, BitMain has been valued at $ 12 billion. According to local news organizations in the recent series B round fund, the company has raised between $ 300 million and $ 400 million in the new fund, which is part of a Singaporean government from the US-based hedge fund's Kotui, Sequoia Capital China and ADBI. -investment funds


The final round of funds is much larger than a fund in the previous series, of which it increased by $ 50 million in July 2007 and Sequoia was also a major contributor to IDG Capital. Funding series B is considered as pre-IPO round funding, which will encourage enough for IPO plans. Planning to share Hong Kong stock exchange shares in a strong future.

BitMine cryptocoucher is a significant power in the mining sector. It is known as the 21 ISOS block producer of Bitcoin Blockchain and the single most powerful missile. Between two mining pools, antipul and, there are 15 and 23 percent control of total bittakayana hashing power. It also has shares of Vibbit, which controls about 10 percent of Bitcoin's hash power.

So technically, with all the combined hash power in Bitcoin network, BitMine can pull 51 percent of attacks. But his co-founder Jihanu insulted the newspaper and claimed that BitMain would be fooled to carry out such an attack because economic results would be very high.


Informative article . What will happen ......... let's wait

In the fight of Humans vs Bots, @megabot defended you with 20.00% upvote courtesy of @amit01!

Support @Megabot by delegating SP to the bot and get a part of 98% of @Megabot's profit.

Direct delegation links : 10 SP || 50 SP || 100 SP || 500 SP || 1000 SP || Any other amount of SP

Join our discord group here.

Thank You !

You got a 28.57% upvote from @peace-bot courtesy of @amit01!

Help spread the peace. Want to promote your posts too? Send a minimum of .02 SBD or STEEM to @peace-bot with link in the memo for an upvote on your post. You can also delegate to the bot for daily passive earnings. If you would like to delegate to the Peace Bot you can do so by clicking on the following links:
50SP 100SP 250SP 500SP 1000SP 5000SP

Learn more!

You got a 5.80% upvote from @t50 courtesy of @amit01!

Anyone can use this service by sending a minimum of 0.010 SBD or STEEM to @t50 with the post you want upvoted as the memo.

Consider investing Steem Power to receive daily payouts from bot income.
10 SP, 25 SP, 50 SP, 75 SP, 100 SP, 125 SP, 150 SP, 200 SP, 250 SP, 300 SP, 350 SP, 400 SP, 450 SP, 500 SP, 600 SP, 700 SP, 800 SP, 900 SP, 1000 SP or use the delegation manager. At any time you can get your investment back by undelegating.


@upfundme and #upfundme
TASKMANAGER bitshares token
@hybridbot - bid/membership hybrid bot (0.010 SBD minimum)
@memearmy meme support community bot

Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Amit01 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows. Please find us at the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.

If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: 50SP, 100SP, 250SP, 500SP, 1000SP, 5000SP.
Be sure to leave at least 50SP undelegated on your account.

Coin Marketplace

STEEM 0.28
TRX 0.05
JST 0.038
BTC 36399.06
ETH 2417.70
USDT 1.00
SBD 3.92