RT @Excellion: ShenMa just released test results for their new M10 miner. Runs at a stable 33.2TH/s drawing 2190W at the wall. That's 66W/TH which means their 16nm chips are on par with 7nm chips! ShenMa is headed up by Yang Zuo Xing, formerly of Bitmain & designer of the S9. #BitmainIPO? 😅 https://t.co/gaf6nKp3KN
August 25, 2018 at 07:59PM
https://twitter.com/TuurDemeester
August 25, 2018 at 07:59PM
https://twitter.com/TuurDemeester
Twitter
Samson Mow
ShenMa just released test results for their new M10 miner. Runs at a stable 33.2TH/s drawing 2190W at the wall. That's 66W/TH which means their 16nm chips are on par with 7nm chips! ShenMa is headed up by Yang Zuo Xing, formerly of Bitmain & designer of the…
RT @Excellion: Three Bitmain teams abandoned the company in recent weeks: one group from operations and manufacturing, & two groups from their chip design division. One of those groups is actively trying to raise capital to compete with Bitmain. They approached a friend of mine. #BitmainIPO 😂 https://t.co/6ivOjpzDaf
August 26, 2018 at 06:47PM
August 26, 2018 at 06:47PM
Twitter
Samson Mow
Three Bitmain teams abandoned the company in recent weeks: one group from operations and manufacturing, & two groups from their chip design division. One of those groups is actively trying to raise capital to compete with Bitmain. They approached a friend…
RT @Excellion: Here's a deep dive into #Bitmain's chip business, from their fortuitous rise to prominence, to technological stagnation, failed gambles resulting in billions in losses, & inability to innovate. Competitors have completely outclassed them. https://t.co/wkkwAmwJ3W #BitmainIPO 📉💸
August 26, 2018 at 07:44PM
https://twitter.com/TuurDemeester
August 26, 2018 at 07:44PM
https://twitter.com/TuurDemeester
THE LION'S DEN
Bitmain: IPO and Technical Challenges
During the market’s best two years, Bitmain did not roll out any new chips or new mining machines to update its core Bitcoin mining product line, which can be fatal for a chip company in this fast-…
RT @Excellion: .@Caijing, a major financial publication in #China, just published an in-depth piece on the #BitmainIPO fiasco: massive Q2 losses, pre-IPO investors jumping ship / denying involvement, tech team behind S7/S9 left and now no new advancements, AND patents are rendered invalid.🍿📉 https://t.co/ldpXXK0AHQ
August 28, 2018 at 03:22PM
August 28, 2018 at 03:22PM
Twitter
Samson Mow
.@Caijing, a major financial publication in #China, just published an in-depth piece on the #BitmainIPO fiasco: massive Q2 losses, pre-IPO investors jumping ship / denying involvement, tech team behind S7/S9 left and now no new advancements, AND patents are…
Looks like @Excellion posted it without the link to the article: https://t.co/GzA5skAfuq https://t.co/sJQMfgM38r
August 28, 2018 at 03:23PM
August 28, 2018 at 03:23PM
Twitter
Samson Mow
.@Caijing, a major financial publication in #China, just published an in-depth piece on the #BitmainIPO fiasco: massive Q2 losses, pre-IPO investors jumping ship / denying involvement, tech team behind S7/S9 left and now no new advancements, AND patents are…
RT @Excellion: An institutional investor takes a look at the #BitmainIPO: "Y18 revenue comes out to approx. $3 billion rather than $10 billion, which would constitute a somewhat dramatic 'miss,' to put it mildly." 💸 https://t.co/JxWFmcB4k4
September 04, 2018 at 01:32PM
https://twitter.com/TuurDemeester
September 04, 2018 at 01:32PM
https://twitter.com/TuurDemeester
Medium
Crypto Muddy Waters
Marketing vs. reality:
RT @btcking555: Bitmain insider says Jihan is furious that CFO put information disclosure at 60 days after quarter end vs 9! Meaning disastrous Q2 results (apr-june) have to be disclosed NOW. @IDGCapital @jimihendrixlive @sequoia @sinovationvc And new 2018 revised profit is NEGATIVE #BitmainIPO
September 08, 2018 at 10:06PM
September 08, 2018 at 10:06PM
Bitcoin mining commoditization: it's happening, and it alleviates one of the greatest historic threats to the network's decentralization. https://t.co/zygopbb4jH
September 21, 2018 at 09:47PM
https://twitter.com/TuurDemeester
September 21, 2018 at 09:47PM
https://twitter.com/TuurDemeester
Twitter
Samson Mow
TL;DR: Bitmain announced their new 7nm chip which isn’t that impressive. Efficiency of the miner isn’t going to be close to 42J/TH & it’s going to be expensive to produce. Oh, and Ebang is going to announce their new miner tomorrow. 🍿 #WDMS #miningconf #BitmainIPO
I wonder if the bitmain IPO investors like the fact that @AntPoolofficial is purposely mining empty #bitcoin blocks. #bitmainipo https://t.co/9xvWPWem7n
October 04, 2018 at 10:57PM
October 04, 2018 at 10:57PM
Twitter
WhalePanda
I wonder if the bitmain IPO investors like the fact that @AntPoolofficial is purposely mining empty #bitcoin blocks. #bitmainipo
RT @Excellion: Word on the street is that Bitmain is trying to raise more money from private investors due to a cash crunch. #GLHF #BitmainIPO
October 23, 2018 at 11:34PM
October 23, 2018 at 11:34PM
RT @Excellion: 1/ 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. #BitmainIPO https://t.co/fBlSulRaRG
March 10, 2019 at 10:17AM
March 10, 2019 at 10:17AM
Twitter
Samson Mow
1/ 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.…