Mining Caused T-Mobile LTE Interference in Brooklyn

Issues was caused by running bitcoin miner Antminer s5
16 February 2018   1178

The use of mining equipment led to interruptions in the work of mobile operator T-Mobile in the most populated area of ​​New York - Brooklyn. This conclusion, after conducting their own investigation, came to the Federal Commission for Regulation of Communications (FCC) and reported by Bloomberg.

After the complaints received by the department in November 2017, the commission's staff recorded a 700 MHz radio wave emitted by the T-Mobile LTE network from a house in the Sheepshead Bay area, 11229.

Further, they found out that interference with the mobile operator's operation was caused by the active bitcoin miner Antminer s5, and its owner, Victor Rosario, was ordered to disconnect the device and not cause interference in the future.

In addition, within 20 days, he must inform the Office about the purchase, modification and use of the device. Otherwise, he faces a fine, involvement in criminal liability and withdrawal of equipment.

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   400

The largest mining company Bitmain has submitted to the Hong Kong Stock Exchange (HKEX) listing application for an initial public offering (IPO), according to CoinDesk.

The application is a draft option, and some of its details, in particular the number of shares offered for sale and the immediate date of the IPO, are still in the process of editing.

Nevertheless, the document indicates that last year Bitmain's revenue was $ 2,517,719,000. This figure is higher than in 2016 ($ 277,612,000). As of June 30, 2018, the company's revenue was $ 2,845,467,000.

The application said that in 2017 the gross profit of the company was $ 1 212.7 million, which is also higher than in 2016 ($ 151,351,000).

Earlier, the head of Bitmain, Jihan Wu, expressed his indignation over the actions of the company's chief financial officer, who disclosed the figures for the first quarter 60 days after his end, and not after 90, as he had expected.

The media suggested that in the run-up to the IPO the publication of such information could have a negative effect on the company's investment attractiveness.

In addition, the document confirmed the media's information that Bitmain owns a 3% stake in Opera's Internet browser thanks to an investment of $ 50 million.

The application also indicates that the underwriters of the IPO are China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost & Sulliva