So, much activity. What's new?
GainbitcoinRegistered to our mysterious Mark Lee from Singapore.
Missing from any reference on Bhardwaj's Linkedin.
Not much change there, still selling cloudmining through MLM hucksters and promising impossible ROI.
GBminers " a product of Amaze Mining & Blockchain Research Ltd." Also listed by
Darwinlabs.io as
Products that we have built: GBMiners...
Bhardwaj is
Co-Founder and Investor
And it's a mining pool, currently claiming around 70 Ph/s.
We are the first Bitcoin Mining Pool from India and Biggest from outside China
"From India?"
No, from
Hong Kong."Biggest outside China?"
No, even if you qualify as "from outside China". Ever heard of Slushpool? Bitfury?
Amaze Mining & Blockchain Research Ltd. Described as "Amit Bhardwaj’s firm".
He claims on his Linkedin
Amaze Mining & Blockchain Research Ltd owns more than 100 PH/s in bitcoin mining industry
For that to be true, they account for all the hashrate of GBminers pool and mine another ~30 Ph/s at a pool he doesn't own, why would he do that?...
That also means that Amaze produces the hashrate that Gain sells (unless Gain mines thru another pool than GB, why would they do that?), which in turn means that gainbitcoin are not miners as they claim, merely hash resellers.
Darwin LabsOwned by the three self described "misfits" who have fitted with Bhardwaj well enough to be listed together with him as the GBminers "team".
Other "products we have built" are Coinbank?, and an ad network.
Oh, and frankly.me, which apparently managed to devour $600,000 of VC funds in a year before they pulled the plug.
The "misfits" enjoy self description and self identify with an out there on the edge of sanity/genius/bullshit genre.
Mr. Jain explains why he should be trusted with VC capital
He is a free stupid bird out here to have fun, get high and die and that’s all he f**cking cares about it.
Pure f**king Psycho, reach out to him at your own risk
They also team up with Bhardwaj in the new venture, also based in Gurgoan, the presumptuously named
Satoshi StudiosNot thought worthy of listing on Bhardwaj's CV*, SS bears a little more attention later, especially
The incubator has a 3-month intensive residence program in New Delhi, India, where the founders will spend time with the GBMiners team
Sounds like fun, I wonder who picks up the B&B tab if you miss the cut?
And where the $50k's are coming from....
RockminerThis ASIC manufacturer from the mists of time (2014) has no active website. In its day, Rockminer apparently produced some hardware, but it all ended in tears with involvement in the AMHash/Hashie scam, where they (allegedly)
hosted Gen1 of the ponzi.This all happened about the same time as Highkart breathed its last, with a bumper sale of cheap hardware...
I still wonder what happened to
Fried Cat.It is only mentionable here because Bhardwaj has bought 40% of it, according to
this and Great Things are afoot
RockMiner, a China based Company builds next gen hardware products for Bitcoin and other Altcoin Mining.
On the occasion of the stake acquisition, jubilant Amit Bhardwaj, said “I liked the vision of the company and what they are building is extraordinary and inspiring.
There's more....
Mr. Bhardwaj is excited to see the progress of RockMiner in development of faster mining chips as he says it’s a very good thing for the decentralization of the currency. It’s a huge achievement and a big milestone for the company. He informs that 14nm chip will be able to see light in the next 2–3 months. Each 14nm chip in the miner will be able to attain up to 65 GH/s. This development comes after 3 years of hard work at RockMiner.
Three years of very very hard work, so hard they didn't have time to build anything for sale whatsoever. Fascinating, the ASIC industry.
Also fascinating is this
Reddit user 'BeijingBitcoins' posted this a few weeks ago :
https://www.reddit.com/r/btc/comments/5cz0om/rbtc_exclusive_photos_of_a_bitcoin_mining/You can see that both the locations are same (the video opens with a badminton court on the ground visible in 3rd pic on that imgur post)
Now, BeijingBitcoins did talk to a lot of people working there and they were all chinese - the workers, the owners of hashing & mining pool they mined on.
Either, BeijingBitcoins(whose pics are more detailed than gainbtc video) is wrong or gainbtc bought/rented out a part of the farm for purposes?
The operators of this facility purchased a hydroelectric dam and then built their own power substation and warehouse buildings to house the bitcoin mining hardware.
I wonder how easy that is to do in rural China for an Indian, or for any foreigner for that matter?
If you're not the operator/owner, then exactly how safe would $$$$ of your mining equipment be?
That's enough for the time being, I have some paid work to do.
*(which informs that Nextgen apparently shut down four years ago, in December 2012. That's a bit of a surprise, because in the opening post of this thread, you will see a screenshot of Nextgen's claim to have Gainbitcoin as a client.
Gainbitcoin claims to have been "formulated in the year 2013").
