Bitmain #REKT. The Mining Giant FAIL! Jihan Wu AWOL? Bitcoin Dominance Falls!

9,115 Views · Posted 5 years ago

Bitmain, the mining pool and ASIC manufacturing powerhouse has been having troubles lately. Rumors of bankruptcy, Jihan Wu & Micree Zang step down as CEO, and their two mining pools (Antpool and BTC.com) have lost significant bitcoin hashing dominance. Two major ASIC miner manufacturing competitors have begin selling more powerful bitcoin miners, Ebang Communications and Innosilicon. The newest Bitmain Antminer S15 clocks in at 28 terahashes/second while both Innosilcon’s and Ebang’s clock in at over 40 terahashes per second. Finally, a redditor discovered a vulnerability in the Antminer S15 which could lead to takeovers of mining machines remotely. Bitmain is in a world of trouble. Tune in to find out more!
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⏰ Time Stamps ⏰
00:08 Introduction
00:25 Jihan Wu and Micree Zhan Step Down As CEO
01:04 Jihan Wu Goes AWOL?
01:18 Bitmain Is Losing Bitcoin Hashing Power Dominance
02:01 Bitmain Has Two Major Competitors: Ebang & Innosilicon
02:56 Redditor Discovers A Major Vulnerability In The Antminer S15
03:25 What An Attacker Could Do With This Vulnerability
03:57 The S15 Attack Code In Action
05:36 Redditor Says He Will Help Bitmain Out If Bitmain Conforms To GPL Software Standards
06:22 Conclusion

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**Disclaimer**
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

This information is what was found publicly on the internet. This is all my own opinion. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research.

Video Tags

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