Bitcoin mining might seem like a pointless exercise in solving zeros and ones, but it is the first industry to develop 7nm chips, beating governments and giant corporations in the process. To tell their story, what follows is an astonishing Chinese article that has been very roughly translated from Chinese with little modification. It tells the story of the bitcoin mining industry in China ... I am Ngzhang, the founder of Avalon Project and the CEO of Canaan Creative Co. Avalon project released the world's first Bitcoin Mining ASIC chip(A3256) and Machine(Avalon1), and spread mining machines to the community. I regrouped the team in Beijing and found the company -- Canaan Creative in Sep 2013 and begun to take full responsibility of the Avalon Project. Up to now, we are still making ... 骅锋科学和技术于10月19日表露二〇一五年第三遍股票(stock卡塔尔定增方案的公告。 讯二月二十十七日音信，新三板前几天共有18家合营社公约增发上市4.24亿元。停止发稿，贝丝美等7家... Also to promote the new mining machine developed, Zhang Nangeng often appeared on the Bitcoin discussion board bitcointalk with the ID of “ngzhang”. Gradually, pumpkin Zhang grew to become famous in the circle. According to the normal development path, the road after Zhang Nangeng should be graduation and work. But one incident prompted Zhang Nangeng to embark on another path-entrepreneurship. In July 2013, stock price of FC climbed to 5 BTC one share from its IPO price of 0.1, which meant that ICO investors had gained over 1000 times of return coupled with the rise of bitcoin against fiat. That’s when Li Xiaolai said “Buy FC stock as long as it’s below 7 BTC”. Lots of speculators followed the calling. On 4th December, Ebang Communication, a Hangzhou-based company, kicks off sales of 5000 units of 14nm Bitcoin miners from stock. With 6.3T/S hashrate per unit, the batch would amount to another 30P+ to the current 2,170P network as of 7th December.
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