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Brain Machine Interfaces and Neuromodulation Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been ...

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Significant variation in performance in motor imagery (MI) tasks impedes their wide adoption for brain-computer interface (BCI) applications. Previous researchers have found that resting-state alpha-band power is positively correlated with MI-BCI ...

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Bitbrain

bitbrain

SINGAPORE, Singapore, January 15th, 2024/Chainwire/--$ZKL token realizes high-performance DeFi through zkLink’s cutting-edge zero-knowledge rollup infrastructure and newly launched Nexus platform. zkLink, a trailblazer in the zero-knowledge blockchain sector, today announced the release date for its new token, $ZKL. Following the on , $ZKL will be available to users starting Thursday, January 25, 2024, at 18:00 UTC. Community Token Sale Coinlist The launch of the $ZKL token, the native utility and governance token for the zkLink protocol, is a significant milestone in zkLink’s mission to eliminate the liquidity fragmentation issues present in the Layer 2 (L2) ecosystem. $ZKL serves as a resource that allows developers to easier access the zkLink rollup infrastructure service, including the zero-knowledge (ZK) proof markets; govern the protocol’s development through the zkLink DAO; and pay for ZK proof computational resources. “We look forward to presenting the community with an asset that allows them to help shape the zero-knowledge rollup ecosystem’s direction in 2024,” commented Vince Yang, Co-founder, zkLink. “As outlined in our 2024 Technical Roadmap, we have several key developments planned to encourage our community to be more involved in building dApps that enable smoother, lower-cost DeFi experiences.” The $ZKL token joins the list of native tokens and multi-chain assets across the connected L1s and L2s, including FTs and NFTs that users can trade on a unified user interface. It will be a non-inflationary ERC20 token issued on the Ethereum Mainnet with token supply capped at 1 billion. $ZKL will serve as the default payment token for ZK proof generation services and users can obtain DAO voting rights by staking to obtain veZKL. Along with announcing the upcoming $ZKL token sale, zkLink recently released details on major upcoming updates to its protocol, highlighted in the . Users can learn more in zkLink’s about how multi-chain ZK-Rollup infrastructure serves as a solution to unify fragmented liquidity across ecosystems and return pricing power to decentralized exchanges (DEXs). 2024 Technical Roadmap new whitepaper About zkLink develops zero-knowledge blockchain infrastructure solutions for high-performance ZK zkLink applications. Its flagship zero-knowledge Layer-3 blockchain solution, Nexus, is designed to bridge the gap among different zk-Rollup Layer-2 ecosystems to reduce liquidity fragmentation while providing security and scalability via zk-Proofs. zkLink is funded by notable backers including Coinbase Ventures, Ascensive Assets, SIG DTI, BigBrain Holdings, Efficient Frontier, and others. For more information, users can visit zkLink's: | Official Website Twitter About zkLink Nexus zkLink Nexus is a Layer 3 solution for native crypto assets from zkRollups, such as zkSync, StarkNet, Scroll, Linea, Taiko, or the Polygon zkEVM, in the Ethereum Layer-2 ecosystem. Now developers looking to deploy their project on Layer 2s no longer need to worry about fragmented liquidity, chain-specific deployments, security risks, or high costs that can result from transferring assets between ecosystems. Contact Patrick Jordan zklink@mgroupsc.com This story was distributed as a release by Chainwire under HackerNoon’s Business Blogging Program. Learn more about the program here.

zkLink Reveals Public Registration Date For $ZKL Token

August marks a significant milestone for as we introduce a refined mission and new flagship protocol. decent.land Our journey started in 2021 with a vision to build social and identity primitives on Arweave. The first public app under the decent.land name – a way to create a permanent username on Arweave – evolved into ANS, and as the expansive web3 social landscape matured, we developed Ark Protocol. enables identities from any chain to transfer their reputation into the Arweave social ecosystem. We have always maintained our belief that while Arweave is the perfect chain for storage, it needs infrastructure for deeper interoperability with the broader universe of web3. Ark Reborn as , we're focused on breaking down barriers between chains and protocols. We believe in the principle of radical composability - a future where data and applications are seamlessly interconnected, not isolated in digital siloes. Decent Land Labs Freedom and ownership was web1’s promise, broken by web2 – a mistake we’re determined not to replicate. The future is . multi-chain, interconnected and open THE MISSION The future is multi-chain, but a multitude of walled gardens is no improvement over the web2 conditions we seek to escape. The new web will be built on a pool of easily accessible data that can power permanent applications without sacrificing UX. We recognize the steep learning curve associated with web3 dApps, which often require users to manage keys, buy gas and grasp alien concepts. This can deter mainstream web2 developers and users. Therefore, we are dedicated to enhancing the user experience, making it more intuitive and accessible for everyone. Recognizing both the potential of web3 and the challenges it presents, we pivoted into building solutions to make web3 more accessible, to improve interoperability across different blockchains, and to enhance dApp UX. We hope our new flagship protocol, the , will help bring this vision to reality. Molecular Execution Machine ANNOUNCING THE MOLECULAR EXECUTION MACHINE MEM is a developer platform designed to facilitate the building, testing, and deploying of serverless functions that leverage blockchain technology. MEM gives developers high scalability and rapid execution while abstracting away complex crypto concepts and the need for an in-depth understanding of smart contracts, transactions, wallets, or blocks. We built MEM towards our mission of making it easier for developers to build chain-agnostic, UX-optimized dApps on the Arweave storage layer. Protocols like , , , and are built on MEM and have been its testing grounds. ANS Ark Permacast namespace.gg Now we’re ready to let it out into the wild. Over the last two years, we’ve learned a lot by building quickly in multiple directions and shipping tooling needed by projects like ours. Decent Land Labs will narrow its focus to developing and maintaining 4 core products: FOCUS PROTOCOLS (private beta) - Molecular Execution Machine (private beta). Chain agnostic smart contracts, secured by Arweave Molecular Execution Machine (private beta) - Spin up any TLD name service for your DAO, dApp or protocol. namespace.gg (V3 nearing release) - Multi-chain identity linking protocol to power identity, reputation and social graphs. Ark Protocol (V1) Your identity for the permaweb – .ar domains. Arweave Name Service Our focus protocols aim to make web3 fast, accessible and interoperable, creating an ecosystem where data and identity can flow freely, no matter the chain. THE FUTURE A few exciting things that are in the pipeline to share: Decent Land Labs is currently raising their seed round that has been led by LD Capital, Longhash Ventures, BigBrain VC and Foresight Ventures to fuel the development of the core protocols. will soon deploy DIDs for their authors (.hackernoon domains) Hackernoon namespace.gg MEM is has already built integrations to enable encrypted read/write, fiat payment processing and a dashboard for API/resource management. Our makes MEM easily extensible, more features and new molecules will be rolled out on a regular basis. molecule.sh Follow the us on the and come chat with the team in or X app Discord Telegram Thank you for letting us reintroduce ourselves!! - The DLL Team Also published . here

Welcome to Decent Land Labs

De las cenizas, renace Decent Land Labs

De ses cendres, Decent Land Labs renaît

राख से, डिसेंट लैंड लैब्स का पुनर्जन्म हुआ है

灰の中から、Decent Land Labs が生まれ変わる

Das cinzas, Decent Land Labs renasce

Từ đống tro tàn, Decent Land Labs được tái sinh

Decent Land Labs 浴火重生

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BTC Layer2 project BEVM has officially disclosed an investment from Bitmain, the leading manufacturer of cryptocurrency mining servers globally. The precise amount of the investment remains undisclosed. Established in 2013, Bitmain still stands today as a significant figure in the digital asset mining hardware production space. Its Bitcoin mining machines previously commanded over 70% of the global market share. Notably, this marks Bitmain's sole investment in the Bitcoin Layer2 domain to date. Gavin Guo, Core Builder of BEVM Foundation, remarked, "Next, BEVM will delve into exploring Bitcoin hashrate and the PoW ecosystem's application on BEVM, that could help facilitate the migration of trillions of dollars in PoW hashrate assets and a substantial quantity of $BTC to BEVM. This will empower Bitmain assets and unlock liquidity and more diverse financial application scenarios within the BTC Layer2 network." BEVM serves as the pioneer EVM-compatible Bitcoin L2 network founded on the Taproot Consensus, utilizing BTC as Gas. Leveraging native Bitcoin technologies such as Schnorr Signature, MAST, and Bitcoin Light Node Network, it achieves fully decentralized BTC cross-chain functionality, thereby enabling the trustless integration of BTC into a broader spectrum of applications and facilitating genuine BTC liquidity circulation. BEVM launched its mainnet on March 28th, boasting over 700,000 user addresses and hosting more than 30 ecosystem projects. BEVM also recently announced it had secured tens of millions of dollars in financing, with investors including RockTree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, and nearly 20 other institutions, resulting in a post-investment valuation of $200 million for the company. For further information about BEVM, please visit www.bevm.io or contact business@bevm.io Media Contact: Jhon Zhang Email: business@bevm.io This story was distributed as a release by Btcwire under HackerNoon’s Brand As An Author Program. Learn more about the program here: https://business.hackernoon.com/brand-as-author BTC Layer2 project BEVM has officially disclosed an investment from Bitmain, the leading manufacturer of cryptocurrency mining servers globally. The precise amount of the investment remains undisclosed. Established in 2013, Bitmain still stands today as a significant figure in the digital asset mining hardware production space. Its Bitcoin mining machines previously commanded over 70% of the global market share. Notably, this marks Bitmain's sole investment in the Bitcoin Layer2 domain to date. Gavin Guo, Core Builder of BEVM Foundation, remarked, "Next, BEVM will delve into exploring Bitcoin hashrate and the PoW ecosystem's application on BEVM, that could help facilitate the migration of trillions of dollars in PoW hashrate assets and a substantial quantity of $BTC to BEVM. This will empower Bitmain assets and unlock liquidity and more diverse financial application scenarios within the BTC Layer2 network." Gavin Guo, Core Builder of BEVM Foundation, remarked, "Next, BEVM will delve into exploring Bitcoin hashrate and the PoW ecosystem's application on BEVM, that could help facilitate the migration of trillions of dollars in PoW hashrate assets and a substantial quantity of $BTC to BEVM. This will empower Bitmain assets and unlock liquidity and more diverse financial application scenarios within the BTC Layer2 network." BEVM BEVM Bitmain Bitmain BEVM serves as the pioneer EVM-compatible Bitcoin L2 network founded on the Taproot Consensus, utilizing BTC as Gas. Leveraging native Bitcoin technologies such as Schnorr Signature, MAST, and Bitcoin Light Node Network, it achieves fully decentralized BTC cross-chain functionality, thereby enabling the trustless integration of BTC into a broader spectrum of applications and facilitating genuine BTC liquidity circulation. BEVM launched its mainnet on March 28th, boasting over 700,000 user addresses and hosting more than 30 ecosystem projects. BEVM also recently announced it had secured tens of millions of dollars in financing, with investors including RockTree Capital, Waterdrip Capital, Arkstream Capital, ViaBTC Capital, and nearly 20 other institutions, resulting in a post-investment valuation of $200 million for the company. announced announced For further information about BEVM, please visit www.bevm.io or contact business@bevm.io www.bevm.io www.bevm.io business@bevm.io business@bevm.io Media Contact: Jhon Zhang Email: business@bevm.io This story was distributed as a release by Btcwire under HackerNoon’s Brand As An Author Program. Learn more about the program here: https://business.hackernoon.com/brand-as-author This story was distributed as a release by Btcwire under HackerNoon’s Brand As An Author Program. Learn more about the program here: https://business.hackernoon.com/brand-as-author Btcwire https://business.hackernoon.com/brand-as-author https://business.hackernoon.com/brand-as-author

Bitcoin Layer2 BEVM Announces Investment From Bitmain

I’m going to focus mostly on some design decisions and also how I went about writing an SPI interface using Go on a Raspberry Pi. I assume my readers have a basic understanding of what a Raspberry Pi is, and how basic electronics work. If not, read on anyway and I will be sure to include some valuable resources below. Why Go? In a past life, I worked on hardware interfacing software. The first thing I can certainly tell you is that I hate C. Don’t get me wrong, I understand the appeal of having lightning-fast code. Also, the ability to manipulate memory and low-level functions is useful. I also understand the headache of writing concurrent C code, and anyone familiar with Go knows that this is where it shines. The project that first got me interested in using Go for embedded applications was one where we decided to use a Raspberry Pi Compute Module 3 to interact with ADC (analog to digital converter) components, and collect data using several of these components. I quickly threw together a prototype in Python using the standard , and was satisfied with the initial results. It was apparent however that for a more industrial solution we needed an application that was: Python GPIO library — Able to support more operations per second at lower memory and CPU usage. Faster — We didn’t want anyone to be able to pop out the Compute Module and steal our source code. Compiled — We had a very small team, and none of us were very experienced with firmware so we wanted to abstract up a bit if possible. Maintainable I considered C++ at first. C++ is about as fast as it gets, and is a compiled language. I’m quite comfortable in C++ and have written many applications using it, but we ultimately decided on Go instead for the simple fact the concurrent programming in Go is as easy as it gets. C++ may run a bit faster, but we knew that if we wrote this particular program in Go, it would likely be about half the size (in lines of code) and we were more confident in our ability to keep the code clean and maintainable. It is important to note that the program in question was doing a lot more than just the data collection via SPI interface with an ADC component. There were user inputs, data displays, etc. It was to be a highly concurrent program. What is SPI? SPI stands for serial peripheral interface. I don’t want to get too far off track, but basically it is just a protocol for a master (your program) to communicate with the hardware (like a thermometer or analog to digital converter). If you want to learn more check out the link in the picture’s caption. My Environment Device: Raspberry Pi 3B (We used the compute module for production) IDE: VS Code Remote Editing: Check out this tutorial to edit code on the pi using VS Code remotely Hardware: Breadboard, jumper wires, an ADC that uses an SPI interface OS: Raspbian Implementation First things first, I needed a great GPIO package. For this project, we built the code to be able to use any of the GPIO pins on the Pi. I used Dave Cheney’s library: https://github.com/davecheney/gpio The code below should build and run. Please keep in mind that if you are going to use this code, you will need to change the pin numbers to match the pins you used to connect your GPIOs to your ADC. main ( ) AdcRead {
	Cs          gpio.Pin
	Clock       gpio.Pin
	Miso        gpio.Pin
	NumBits ResultsChan } { reader.Cs.Clear() result i := ; i < reader.NumBits; i++ { reader.Clock.Set() bit := reader.Miso.Get() bit {
			result |= } i != reader.NumBits {
			result <<= } reader.Clock.Clear()
	} reader.Cs.Set() reader.ResultsChan <- result
} { csPinNumber = clockPinNumber = misoPinNumber = csPin, err := gpio.OpenPin(csPinNumber, gpio.ModeOutput) err != {
		fmt.Printf( , err)
	}
	clockPin, err := gpio.OpenPin(clockPinNumber, gpio.ModeOutput) err != {
		fmt.Printf( , err)
	}
	misoPin, err := gpio.OpenPin(misoPinNumber, gpio.ModeInput) err != {
		fmt.Printf( , err)
	}

	resultsChan := ( , )

	adcReader := AdcRead{
		Cs:          csPin,
		Clock:       clockPin,
		Miso:        misoPin,
		NumBits: , ResultsChan: resultsChan,
	} c := time.Tick(time.Duration( ) * time.Millisecond) { c {
			adcReader.Exec()
		}
	}() {
		result := <-resultsChan
		fmt.Println(result)
	}
} package import "fmt" "time" "github.com/davecheney/gpio" // AdcRead represents the data needed to perform a read operation on the ADC component type struct int chan uint32 // Exec reads the current value stored in the ADC register func (reader AdcRead) Exec () // Start the CS Low to begin the read // Initialize an impty uint32 to store the value we are reading var uint32 // Loop over each bit the the component sends back (The number depends varies from // component to component, read the datasheet) for 0 // Set the clock to logic high // Read 1 bit in, if it is high, then add a "1" to our rightmost bit if 0x1 // Shift Left to get to the next bit to be read if -1 1 // The clock will pulse low, then high again to get the next bit // Set chip select low to end the read // Send the result back through the channel to whatever part of our // application cares about it func main () // Open necessary pins. The numbers here are examples, they should be changed based // on which pins you use const 5 const 6 const 7 if nil "Error opening cs pin: %v\n" if nil "Error opening clock pin: %v\n" if nil "Error opening miso pin: %v\n" make chan uint32 1 32 // Our ADC component sends a 32 bit value // Execute each read at 10 Hz 100 go func () for range // Print everything that comes through the results channel for true View repository: https://github.com/lane-c-wagner/spi Thanks For Reading Lane on Twitter: @wagslane Lane on Dev.to: wagslane Download Qvault: https://qvault.io Star our Github: https://github.com/q-vault/qvault

BitBanged Serial Peripheral Interface in Go on Raspberry Pi [Explained]

I’m going to focus mostly on some design decisions and how I went about writing an SPI interface using Go on a Raspberry Pi. I assume my readers have a basic understanding of what a Raspberry Pi is, and how basic electronics work. If not, read on anyway and I will be sure to include some valuable resources below. Why Go? In a past life, I worked on hardware interfacing software, and the first thing I can tell you is that I hate C. Don’t get me wrong, I understand the appeal of having lightning-fast code and the ability to manipulate memory and low-level functions. I also understand the headache of writing concurrent C code, and anyone familiar with Go knows that this is where it shines. The project that first got me interested in using Go for embedded applications was one where we decided to use a Raspberry Pi Compute Module 3 to interact with ADC (analog to digital converter) components, and collect data using several of these components. I quickly threw together a prototype in Python using the standard , and was satisfied with the initial results. It was apparent however that for a more industrial solution we needed an application that was: Python GPIO library — Able to support more operations per second at lower memory and CPU usage. — We didn’t want anyone to be able to pop out the Compute Module and steal our source code. — We had a very small team, and none of us were very experienced with firmware so we wanted to abstract up a bit if possible. Faster Compiled Maintainable I considered C++ at first. C++ is about as fast as it gets, and is a compiled language. I’m quite comfortable in C++ and have written many applications using it, but we ultimately decided on Go instead for the simple fact the concurrent programming in Go is as easy as it gets. C++ may run a bit faster, but we knew that if we wrote this particular program in Go, it would likely be about half the size (in lines of code) and we were more confident in our ability to keep the code clean and maintainable. It is important to note that the program in question was doing a lot more than just the data collection via SPI interface with an ADC component. There were user inputs, data displays, etc. It was to be a highly concurrent program. What is SPI? http://www.circuitbasics.com/basics-of-the-spi-communication-protocol/ SPI stands for serial peripheral interface. I don’t want to get too far off track, but basically it is just a protocol for a master (your program) to communicate with the hardware (like a thermometer or analog to digital converter). If you want to learn more check out the link in the picture’s caption. My Environment Device: Raspberry Pi 3B (We used the compute module for production) IDE: VS Code Remote Editing: Check out this tutorial to edit code on the pi using VS Code remotely Hardware: Breadboard, jumper wires, an ADC that uses an SPI interface OS: Raspbian Implementation First things first, I needed a great GPIO package. For this project, we built the code to be able to use any of the GPIO pins on the Pi. I used Dave Cheney’s library: https://github.com/davecheney/gpio The code below should build and run. Please keep in mind that if you are going to use this code, you will need to change the pin numbers to match the pins you used to connect your GPIOs to your ADC. <code style="box-sizing: border-box; font-family: Consolas, &quot;Andale Mono WT&quot;, &quot;Andale Mono&quot;, &quot;Lucida Console&quot;, &quot;Lucida Sans Typewriter&quot;, &quot;DejaVu Sans Mono&quot;, &quot;Bitstream Vera Sans Mono&quot;, &quot;Liberation Mono&quot;, &quot;Nimbus Mono L&quot;, Monaco, &quot;Courier New&quot;, Courier, monospace; color: rgb(255, 255, 255); background-color: transparent; border: 0px; padding: 0px; font-size: 0.85em; border-radius: 3px;">package main (
	"fmt"
	"time"

	"github.com/davecheney/gpio"
)

// AdcRead represents the data needed a operation the ADC component AdcRead struct {
	Cs          gpio.Pin
	Clock       gpio.Pin
	Miso        gpio.Pin
	NumBits ResultsChan chan uint32
}

// Exec reads the stored the ADC register
func (reader AdcRead) Exec() {
	// the CS Low the reader.Cs.Clear()

	// Initialize an impty uint32 store the we are reading
	var result uint32

	// the the component sends back (The number varies // component component, the datasheet) i := ; i &lt; reader.NumBits; i++ {

		// the clock logic high
		reader.Clock. ()

		// , it high, a "1" our rightmost := reader.Miso. () {
			result |= }

		// Shift Left the next be i != reader.NumBits {
			result &lt;&lt;= }

		// The clock will pulse low, high again the next reader.Clock.Clear()
	}

	// chip low the reader.Cs. ()

	// Send the result back through the channel whatever part our
	// application cares about it
	reader.ResultsChan &lt;- result
}

func main() {
	// necessary pins. The numbers here are examples, they should be changed based
	// which pins you use
	const csPinNumber = const clockPinNumber = const misoPinNumber = csPin, err := gpio.OpenPin(csPinNumber, gpio.ModeOutput) err != nil {
		fmt.Printf("Error opening cs pin: %v\n", err)
	}
	clockPin, err := gpio.OpenPin(clockPinNumber, gpio.ModeOutput) err != nil {
		fmt.Printf("Error opening clock pin: %v\n", err)
	}
	misoPin, err := gpio.OpenPin(misoPinNumber, gpio.ModeInput) err != nil {
		fmt.Printf("Error opening miso pin: %v\n", err)
	}

	resultsChan := make(chan uint32, )

	adcReader := AdcRead{
		Cs:          csPin,
		Clock:       clockPin,
		Miso:        misoPin,
		NumBits: , // Our ADC component sends a ResultsChan: resultsChan,
	}

	// at Hz
	c := .Tick( .Duration( ) * .Millisecond)
	go func() { range c {
			adcReader.Exec()
		}
	}()

	// Print everything that comes through the results channel {
		result := &lt;-resultsChan
		fmt.Println(result)
	}
}</code> import to perform read on type int current value in Start to begin read to value Loop over each bit depends from to read for 0 Set to Set Read 1 bit in if is then add to bit bit Get if bit 0x1 to get to bit to read if -1 1 then to get bit Set select to end read Set to of Open on 5 6 7 if if if 1 32 32 bit value Execute each read 10 time time 100 time for for true View repository: https://github.com/lane-c-wagner/spi Thanks For Reading Lane on Twitter: @wagslane Lane on Dev.to: wagslane Download Qvault: https://qvault.io Star our Github: https://github.com/q-vault/qvault (Originally published ) here ( : ) Disclaimer The Author is the Founder at qvault

BitBanged SPI in Go [Explained]

Bitmain co-founders Micree Zhan Off to Build A New Mining Business and Jihan Wu to a New Blockchain Company called Matrix Today, Odaily, a Chinese media site, reported that a mining farm led by the cofounder of Bitmain Micree Zhan suddenly appeared in Sichuan, China. People speculated whether Micree was returning to mining after leaving the Bitmain CEO’s role. However, according to sources, this is probably a development that came out of Bitmain ’s “joint mining” strategy since the bear market last year. It is worth noting that this is a huge deployment. It is reported that Zhan hurriedly deployed 100,000 mining units in the first two months before the arrival of the flood season, to purely mining Bitcoin. If it is fully loaded, 100,000 sets of mining machines will be equivalent to 1.33EH/s, which accounts for about 3% of Bitmain’s total network computing power, and is equivalent to the sum of Huobi mining pool power. For the past six months, the cryptocurrency space has been in a downward trend, and most of the companies associated with it have endured poor financials. Three major miners such as Bitmain, Canaan, and Ebang International went to Hong Kong to apply for IPO last year, with a goal to expand financing channels. But as of now, the IPO applications of the latter two miners have expired, and the results of Bitmain are unpredictable. At the end of last year, Odaily reported that Micree Zhan and Jihan had simultaneously resigned as CEO positions in Bitmain. Subsequently, Bitmain continued to decline along with Bitcoin prices, with large-scale demolition of its mines, layoffing 50% of its employees, and so on. Bitmain official rarely reveals its true operating status, latest developments, etc., so it is difficult for the outside world to really understand what’s happening. But at this year’s annual company meeting, a photograph showed that Micree Zhan covering his face and weeping, and Jihan standing beside him comforting him. Perhaps, this image can show how complex and bitter the situation is for Bitmain. On March 4th, Odaily inquired about Micree Zhan’s Sichuan Mining farm with Bitmain. Their response was: “it’s just a general commercial cooperation between companies, please focus on the business relationship, not personal history.” Bitmain’s 100,000 mining machines are in preparation for China’s flood season, with Micree Zhan taking over the responsibility “Zhan came out to create a mining farm in Sichuan with 160,000 loads, 100,000 mining units.” A mining insider named Zhao Yiming (a pseudonym) revealed. In the past two months, Bitmain has been demolishing, selling machines, and conducting mass layoffs. But on the other hand, the company is still on the move. According to industry data, on November 22, 2018, a company named Hainan Continental Ark Data Technology Co., Ltd. (hereinafter referred to as “Ark”) was incorporated in Hainan, China, with a registered capital of 30 million RMB and a person named Wang Ming accounting for 100% of the ownership. Two months later, Fujian Chuangke Technology Co., Ltd. (hereinafter referred to as “Fujian Chuangke”) joined and acquired 40% of Ark. Fujian Chuangke is a 100% shareholding company owned by Bitmain, and Micree Zhan is designated as both of their legal representatives. And joined by Fujian Chuangke also came Micree Zhan, who served as the company’s executive since January 29 this year. It is suggested that Ark is behind the mining farm in Sichuan referred by Zhao Yiming. Zhao Yiming said that the cost of electricity for Bitmain domestically in China was generally really high. Recently, they finally found a way to get cheap electricity prices in Sichuan. The mines are to be deployed in Sichuan using hydropower, and it is expected to begin operations in May. May is the peak flood period of Sichuan, the cost of electricity can be less than two cents RMB or $0.07. In recent years, every time after the Spring Festival/Chinese New Year, there are always a large number of mines chasing low electricity prices by moving to Sichuan. Odaily also learned that the mines under Micree will run the Ant mining machine S11 and the 15 models (S15 and T15), both of which are Bitmain-owned mines. Bitmain’s Joint Mining Model and Its Effort to Become Asset Light So what does this new mining pool mean for Bitmain? In December last year, Odaily reported that the Bitmain was looking to carry out Joint Mining partnerships, that is, a partnership in which a partner provides electricity and mining farm setup, and Bitmain provides its mining machines. This is the way Bitmain is looking to get rid of its inventory, in order to preserve capital during crypto winter. A person familiar with the matter said: “The companies that cooperate with Bitmain also need to advance the electricity bill to reduce the capital investment in Bitmain.” However, for such a model, mine owner Lu Yuan (pseudonym) has revealed that the progress has not been smooth: “In this model, Bitmain only provides machines and does not pay a deposit, so, so far few mine owners are willing to cooperate.” Lu Yuan said. While the mining pools are unwilling to cooperate with Bitmain, apparently outsiders are willing. Before the Spring Festival in early February, some industry insiders revealed that an executive from the real estate industry had already agreed to cooperate with Bitmain to mine. It is worth noting that Ark, the company now run by Micree, is likely cooperating with Bitmain under this “Joint Mining” model. On March 4th, Odaily ask Bitmain on this matter, and its official response was that : “It’s just a general commercial cooperation between companies, please focus on the business relationship, not personal history.” In addition, Wang Ming, the largest shareholder of the company Ark, is also unknown to the mining community, and is likely to be a person outside the community. Turning to An Asset-Light Model Amid Crypto Winter At the moment, Bitmain is experiencing the most serious dilemma since its inception. According to publicly available data, on January 28th, Bitmain’s Ant pool and BTC.com accounted for 25% of Bitcoin’s computing power, which was once more than 50%. In December last year, Bitmain saw over 50% of the layoffs, nearly 1,700 people, and all BCH employees were fired. According to a report by Texas local media in December, Bitmain has stopped its mining business in Texas when just five months ago, it announced that it would create 400 jobs and invest $500 million USD in the city. And according to news at the end of last year, Bitmain will cut all the mining operations: “There are at most 10 people left to do some light asset operations”.Nevertheless, after all this time, it seems that the Bitmain mining business has not stopped but rather that it has changed to the “joint mining” method with less capital intensive investments. Lu Yuan revealed to Odaily that Bitmain has been trying to generate cash flow. As early as the end of December last year, people familiar with the matter said that Bitmain was working on a cloud computing platform for a customer called BitDeer, and it will sell its mining machines, electricity and maintenance costs together as a package to the customer in exchange for cash flow. For the adjustment of the Bitmain business, Lu Yuan said: “Before Jihan Wu was responsible for the mining pool, but it wasn’t run professionally- they had a bunch of people sitting doing nothing and also they couldn’t find cheap electricity, operation and maintenance wasn’t good either. Now they are separating the mining farm out of Bitmain and are managed by co-founder Micree Zhan.” With layoffs, joint mining models, selling cloud computing power, and divesting its mining businesses, Bitmain looks to make its original heavy asset model as light as possible and create a steady stream of cash flow. On the side, it conitnuesto focus on the core business and plans to launch the Ant Mine Machine S17 soon. What’s Left of Bitmain; Jihan Wu to a New Company called Matrix Recently, Odaily received a picture of Bitmain’s end of year annual meeting. Under the bright lights, Micree Zhan looks like he is tearing and Jihan Wu is comforting him. Jihan’s Twitter has been active until now, but he seems to have disappeared since December 18 last year. Only on February 18th, a tweet was introduced to introduce the BM1397 chip. On the 26th of February, Lu Yuan saw Micree Zhan appear at the Beijing International Airport and flew from Beijing to Shenzhen. Bitmain is slowly divesting itself. It’s cutting out the BCH team, cutting the mining farms, divesting its non-core AI businesses, and even the two founders are moving farther away. On December 28 last year, Odaily reported that Jihan and Micree Zhan will be retired as CEOs of Bitmain. The successor is an individual with the surname Wang. Later, it was revealed that the person surnamed Wang was Wang Haichao, former product director of Bitmain. Zhao Yiming said that at present, Jihan and Micree are not responsible for any specific things at Bitmain and only exist as shareholders. “Micree and Jihan both understand that the double CEO titles are not good for Bitmain, so they let go.” Zhao Yiming said. “Joint CEOs are very prone to problems. In the history of joint CEOs, the results haven’t been good.” Litecoin Pool CEO Jiang Zhuoer said to Odaily. On March 1st, according to Quan Tian Hou Technology report, Jihan may become responsible for a company named Matrix soon, with the former senior investment director of Bitmain, Ge Yueyu, being the current CEO. Matrix is a new company established around February this year. From a legal standpoint, it has nothing to do with Jihan and Bitmain, and has obtained a sizeable investment. Many of Matrix’s employees were previously responsible for the BCH business at Bitmain. It is worth noting that Ge Yueyu, who is only 27 years old, was also the co-founder and executive director of Bitmain. In its 2013 annual report when the company was founded, there were five main shareholders, of which Micree Zhan held 59.2%, and the second largest shareholder was Ge Yueyu, holding 28%. In November 2018, a change occurred in the company, and four directors, including Ge Yueyu, withdrew, leaving only Micree Zhan and Wu Jihan. Although many people from Matrix come from Bitmain BCH team, the main business seems to be focused on blockchain instead of BCH. Zhao Yiming revealed that Jihan had been laid off before the preparation of the new company. But the layoff progress was not smooth. “There were many people who were dissatisfied with the last layoffs, around BCH 40 employees, many choose not to go back [to the new company].” In less than a month, Bitmain ‘s IPO application in Hong Kong will usher in a deadline, and we look to see what the company will disclose with the public.

Bitmain’s Efforts to Generate Cash Flow

The State of The Market — February 19, 2019 : $3,982.89 (+4.15%) : $148.40 (+2.92%) : $0.337637 (+7.14%) BTC ETH XRP The market continued to make large gains yesterday, and Bitcoin is currently testing its resistance at $4,000. Similarly, Ethereum is testing its resistance at $150. Bitcoin would remain above $4,000 if it manages to push past $4,200 this week, and even test its next resistance at $4,800. The total market cap added $7 Billion in the last 24 hours and more than $15 Billion since Sunday. All of the top 25 cryptocurrencies are flashing green right now, with some even making double-digit gains. In other news, . According to Bitmain the BM1397 chip “achieves new feats in performance, chip area and energy efficiency [and] it requires lower power and can offer an energy consumption to computing ratio as low as 30J/TH”. Bitmain says this represents a 28.6 percent improvement when compared with the previous 7nm BM1391 chip. The mining giant also announced that it will reveal two new Antminer models called the S17 and T17 and both will utilize the new BM1397 chip. Also, . Schnorr could improve Bitcoin’s scalability and privacy and the technology has excited many developers for a long time. This is the first time the code has been made available for testing and many Bitcoin developers think it could be a positive upgrade for the Bitcoin network. Schnorr signatures could also facilitate the anonymization of lightning transactions and developers are already brainstorming other technologies that could be built on top of it. Bitmain revealed a new 7nm ASIC chip designed for mining cryptocurrencies that use the SHA256 algorithm for Proof of Work (PoW) Blockstream added a new technology called “MuSig” to its test cryptographic library and the release allows developers to experiment with the Schnorr signature and also search for bugs The revelation came as the company updated its financial results to the Hong Kong Stock Exchange as it reviews Bitmain’s application for an IPO. The figures provided in the update are the first precise figures that show how much the bear market has affected the once-dominant company, leading to a reversal of fortune that resulted in layoffs and company restructuring. ( ) 1) Bitmain, the cryptocurrency mining hardware manufacturer that dominated the space for years, recently revealed that it lost about $500 million in the third quarter of 2018 amid an overall bearish market for cryptocurrencies. Read More The event will see the launch of various decentralized applications (dApps), decentralized exchanges (DEXs), crypto wallets, stablecoins, blockchain explorers and more. IOST is the number 4 playable platform after Ethereum, EOS, and Tron. CEO Jimmy Zhong will be in attendance and supporters are encouraged to tune in via Twitter. ( ) 2) The IOST mainnet launch is scheduled to take place in 7 days and the event will live stream from 8 pm Pacific Standard Time on Monday, February 25 / 12 noon Singapore Time (Tuesday, February 26). Read More According to the new laws, starting an exchange in the country would come with huge upfront costs and regulations. Both traders and exchanges were not happy with this rule, and the trading has shifted to the peer-to-peer Bitcoin exchange, LocalBitcoins. Traders exchanged over 10.3 billion rupiah ($730,000) last week, up by 300% on a week-on-week basis. It is also much higher than the previous high of 4.5 billion rupiah ($319,000). Bitcoin (BTC) is priced at $3,747.67, gaining 2.81% in the last 24 hours. ( ) 3) After a controversial crypto law was enacted in Indonesia last week, there was a huge surge on Localbitcoins. Read More Subscribe to the Berminal Brief Newsletter Download Berminal App for Free The Berminal Website Berminal Official Telegram Berminal Twitter

Bitmain Reports $500 Million Loss, And IOST To Live Stream Main Net Launch On February 25

The State of The Market — January 29, 2019 : $3,438.11 (-0.66%) : $0.291144 (-0.06%) : $105.76 (+0.70%) BTC XRP ETH The crypto market continued to fall down yesterday, with Bitcoin testing its support at $3,400. While Bitcoin defended the price point, it was not a strong rebound. The market could test the support multiple times this week. If Bitcoin successfully manages to hold on to it, it could result in a significant rebound propelling Bitcoin’s price above $4,000. Meanwhile, most cryptocurrencies have changed by less than 1% in the last 24 hours, and not all of them are following Bitcoin. In other news, . Analysts believe the move highlights weakness in the wider cryptocurrency market as sharp downturns typically lead stablecoins like USDT to rally. Also, according to a recently issued press release. Nvidia expects weaker sales from its gaming and data center platforms and Q4 revenue was revised to $2.20 billion from a previous estimate of $2.70 billion. The crypto-bull run of 2017 drove an incessant demand for Nvidia’s graphics processing units (GPUs) but as mining profitability and cryptocurrency prices decreased throughout 2018, customers became disinterested in crypto-mining and GPU prices did not drop low enough for new consumers to purchase more affordable cards from Nvidia. Tether (USDT) has eclipsed EOS market capitalization to take over the #4 spot on CoinMarketCap Nvidia, a Taiwan-based computer hardware producer, has revised its Q4 2019 revenue estimates While there was a list of technical issues that angered some users, the sale was viewed as a success. The sale began at 3:00 UTC and purchasers had the option of paying in Tron’s TRX or with Binance’s native exchange token, BNB. At the time or sale, BTT was priced at $0.00012. The minimum BTT purchase was 100,000 BTT ($12). Tron CEO Justin Sun tweeted that BTT’s 23.76 billion token cap for the BNB session was met in 13 minutes and 25 seconds, and the TRX session was completed in 14 minutes and 41 seconds. Data from Binance shows there was 622 participants in the TRX session and 340 participants in the BNB session. Binance CEO Changpeng Zhao said that the sessions would have ended in just seconds if there were no technical issues and he described the demand as being “astronomical”. ( ) 1) On Monday a public sale of 59.8 billion ($7.2 million) BitTorrent Tokens (BTT) sold out in minutes through Binance’s Launchpad. Read More An Italian Bankruptcy Court has now declared that the hack was the fault of its owner Francesco Firano (also known as “The Bomber”). The court has ruled that Firano must return as much as possible to his customers. Firano’s assets worth $1 Million and millions of dollars worth cryptocurrencies was seized. Also, the court has appointed several trustees to assist distribution of assets back to victims. Bitgrail victims declared it was a huge victory for the crypto industry. ( ) 2) Nearly one year ago, cryptocurrency exchange Bitgrail claimed to have lost 14 Million NANO (worth approx. $170 million at the time) to a hack. Read More Charlie Lee, who is the creator of Litecoin, wants to add Confidential Transactions to Litecoin on an opt-in basis and he is targeting 2019 to do so. Lee pointed to the controversial fungibility feature, which reflects the identical nature of tokens, as “the only property of sound money that is missing from Bitcoin and Litecoin.” He says with the scalability issue in the rear-view mirror, fungibility and privacy are the “next battleground.” Lee went on to announce that he is “now focused on making Litecoin more fungible by adding Confidential Transactions.” While Lee does not expect Bitcoin to go down a similar path, at least not yet, the stars have aligned for Litecoin. ( ) 3) Litecoin might be considered the silver to Bitcoin’s gold, but it’s transforming to more closely resemble Monero. Read More Subscribe to the Berminal Brief Newsletter Download Berminal App for Free The Berminal Website Berminal Official Telegram Berminal Twitter

BitTorrent Token Sale Sells Out In Minutes And Bitgrail Victims Win Case Against Founder

The State of The Market — December 31, 2018 : $3,796.93 (-1.88%) : $0.358231 (-2.56%) : $137.11 (-1.14%) BTC XRP ETH The market is somewhat stable, losing only $2.2 Billion in the last 24 hours. Bitcoin is hanging on to its support at $3,800, while Ethereum is below $140 after testing its resistance at $150. Binance Coin (BNB) is the only coin in green today among the top 25 cryptocurrencies. In other news, asking for help with his legal battle. Ver has been one of the most active supporters of Ross, calling for his release on multiple occasions since he was first arrested. Ross Ulbricht, founder of the dark web marketplace known as Silk Road, recently sent a handwritten letter to crypto proponent Roger Ver Most companies reward responsible hackers for reporting vulnerabilities to them so that they can fix it before they are exploited. Block.One, the company behind EOS has paid out $534,500, or 60% of the bounties this year. Cryptocurrency exchange Coinbase is the second largest spender for awarding $290,381, and Tron came in at third for paying $76,200. While the average prize on HackerOne for bounties is $900, the blockchain industries averaged at $1,490. ( ) 1) According to a report from TheNextWeb, white hack hackers earned $878,000 from crypto companies through bounty programs in 2018. Read More One insider close to Bitmain stated, “This matter has not been settled yet, and it is currently in a transitional period.” Bitmain has yet to confirm or deny the reports and has replied to all requests by saying, “Thank you for your attention but we have no comment at this time, please refer to the prospectus.” ( ) 2) Jihan Wu and Micree Zhan, the CEOs of the cryptocurrency mining company Bitmain, may be stepping down from their positions amidst the shakeup and restructuring of Bitmain. Read More It now has a market cap of $147 Million and is available in multiple popular exchanges. However, according to some traders, redeeming the PAX token for fiat Dollars is not an easy task. They’ve sent a series of questions for traders looking to redeem their tokens. They asked a trader to verify their wallet, and explain the transactions on their wallet. To another trader, they asked the location of their employer, their title, and their annual salary. Traders are not happy with Paxos’ hostility, and it has been a nightmare for some. ( ) 3) Paxos Standard Token (PAX) is a popular ERC20 stablecoin on Ethereum blockchain that is pegged to the US dollar. Read More Subscribe to the Berminal Brief Newsletter Download Berminal App for Free The Berminal Website Berminal Official Telegram Berminal Twitter

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