“A BTC craze is sweeping China, as hundreds start to invest and trade large amounts of the virtual currency Bitcoin. The craze has given birth to a huge industrial chain, covering trading, mining, chip production and mining-machine assembly. Bitcoin transactions are secured by servers called bitcoin miners but based on the huge surge in demand for the currency, Bitcoin mining machines are in short supply. According to Tencent, there are two Chinese mining teams capable of processing large amounts of Bitcoin transactions. Figures show that China now boasts the most number of BTC nodes, which help control the computing power of the Bitcoin netweek, at 85,220.”
http://www.wantchinatimes.com/news-subclass-cnt.aspx?id=20130630000002&cid=1202
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Russia warns UK against arming Syrian rebels
Disabled cancer patient slammed to the ground by TSA, then jailed
Cop convicted for selling machine guns
White House to Dissenting U.S. Diplomats: ‘Get With the Program’ or Leave
Pentagon tried to block report on child sex among Afghan forces
Coal to Fill China's Nuclear Gap
India may ease gold import curbs later this month
New York Fed Agreed To Testify For Bank Of America In Exchange For $43 Million
Homebuilder helping Millennials trade student loan debt for house debt
RNC members tackle Foreign Account Tax Compliance Act, or FATCA
NSA abuses contradict Obama and congressional claims of oversight
Obama Says U.S. Will Bomb ISIS in Syria, Train Rebels
Chief Greek Statistician Threatened with Jail For Revealing True Size of Deficit
TSA issued $1.8 million in airport firearms fines last year
Deutsche Telekom to follow Vodafone in revealing surveillance