Mining Difficulty Increases by over 10% Due to Bitcoin ...

Effectively handle bad debts of credit institutions and enterprises

Effectively handle bad debts of credit institutions and enterprises
In 2019, the Vietnam Debt Trading Company Limited (DATC) directly purchased and handled nearly VND 3,000 billion of bad debts from credit institutions and enterprises. Revenue from trading and handling debts and assets was 1,785 billion VND, equal to 124% compared to 2018 ...
DATC will participate in restructuring loss projects
DATC auctioned the debt of over 1.1 trillion dong
DATC entered the prevention and control of the Covid-19 epidemic
DATC sells debts and assets at two debtor enterprises
In addition, the company received debts and excluded assets in 15 enterprises with a value of 21,378 billion dong, of which, assets were 9,897 billion dong, debt was 11,481 billion dong, enterprises themselves. processing before handover is 2,803 billion dong.

https://preview.redd.it/zhpxw0ypfrt51.jpg?width=948&format=pjpg&auto=webp&s=522b0aa9f901fc7b11c6a4c461ea4b082728a7d8
The result of the actual value recovered from asset handling and debt collection received in 2019 is 20.2 billion VND, revenue from receiving activities is 6,057 billion VND (in which: property is 4,155 billion dong, debt recovery is 0.988 billion dong and debt collection handled by the business before handover is 0.994 billion dong), reaching 121% of the plan for 2019.
Fast online transactions: bitcoin to paypal
During the operation, the company also encountered many difficulties and challenges due to the inadequacies in the operating mechanism, which was not consistent with the changes of the market. Along with that, the regulations have not been promptly amended and supplemented, leading to limited performance of assigned roles and tasks, reducing the efficiency of DATC's debt settlement plan.

Along with the difficult market, banks continue to promote the auction of collateral to recover debts / unsuccessfully auction debts to negotiate to sell debts to DATC; Due to the high asking price of debt (usually 100% of the principal and interest) and having to devalue many times to get closer to DATC's offer, it affects the progress, plan to buy and process structure to convert debt into capital contribution.

However, the Company still achieved excellent results in 2019 with a total revenue of more than 2,000 billion VND; Profit before tax is estimated at 213 billion VND. Compared to the previous 5-year period from 2010 to 2014, accumulated in the period 2015-2019, the total revenue of DATC is 10,488 billion VND (an increase of 229% compared to the 2010-2014 period), purchasing debt and assets with total sales was 9,471 billion VND (increased by 442% compared to the period 2010-2014), contribution to State budget of DATC in the same period was over 400 billion VND.



In addition, the Company continues to carry out the tasks assigned by the Government related to debt restructuring of State Groups and Corporations, thereby contributing to improving financial capacity, restoring operations. units in order to speed up the restructuring progress under the Government-approved scheme associated with the recovery of Government debts.

In 2020, DATC will actively coordinate with ministries, branches, People's Committees of provinces and cities to promptly receive eliminated debts and assets in the transformed ownership enterprises. Regularly review and classify debts and assets as non-in-kind expenses, loss of assets in receiving to continue handling. Complete the proceedings in court, at the same time closely coordinate with the judgment enforcement agency to recover debt after receiving from businesses.

Along with that, the company will promote debt trading, restructuring, divestment ... commensurate with its size and capacity, affirming its position and role in debt trading, restructuring enterprises in the Vietnamese debt trading market.
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Bitcoin Statistics

There was a time when you could mine Bitcoins using any CPU, as the difficulty was just 1.
Close to 64% of Bitcoin wallets have not been used (called ghost wallets) since their inception.
It took five years (from 2009 to 2014) for Bitcoin price to reach the $1,000 milestone, while it took only one year (from January 2017 to January 2018) for the price to increase by $13,000.
The US dollar and the Japanese yen are the two leading currencies to be exchanged for Bitcoin.
Bitcoins are so popular that they get a social media post every 3 seconds.
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Gulden [NLG] - Constant development - In wallet Staking/Mining/Dex

Official Website / Official Slack
About Gulden:
How to setup a Witness (Staking) Gulden was founded in April 2014 based on the Litecoin codebase. In 2015 the Litecoin codebase is abandoned and Gulden switched to the Bitcoin codebase. After years of development it can be said that Gulden now has its own codebase. Gulden started with a 10% premine that was spent entirely on development. The current developments are now paid by part of the mining reward. The direction of the developments are determined by the Gulden advisory board (GAB). The GAB consists of 9 members and is elected each year from the members of the community. Anyone can stand for election. Voting for candidates is recorded and done through the Gulden blockchain. Gulden would like to become a generally accepted means of payment. To this end, the development is aimed at making the wallets as user-friendly as possible.
What makes Gulden unique:
- PoW2 - Proof of work + Witness/Staking - SegSig (Segregated Signature) - SIGMA (Semi Iterated Global Memory Argon) - Linking (Control your mobile wallet from your desktop wallet) - Wallet accounts - Unity (Unified codebase) - Delta (Difficulty Algorithm) - Sonic (Fast Sync)
Features of Gulden explained:
PoW2: Gulden does not use a standard PoW consensus model, but the in-house developed PoW2 model. This is a combination of PoW and Witness. Miners control the transactions and the Witness controls the miners. In order to get the same chance of success for a double spend as for the single transaction approval systems it is therefore necessary not to control >50% of the mining power or >50% of the number of coins in witness accounts but to own more than 71% of both systems. (0.71 * 0.71 = 0.5 so 50% chance).
Because many Gulden owners have their Gulden fixed in witness, it is difficult to get a 71% majority in witness. There are now more than 100 million Gulden in witness. In order to get a 71% majority, an attacker has to secure an additional 220 million Gulden in witness. Apart from the fact that this is almost impossible, the price of the Gulden would go up sky high if so much Gulden had to be bought by the attacker. And because the attacker has to lock the Gulden, it looks like a bank robber who is going to rob his own bank. So such an attack is theoretically possible, but not possible in reality.
Anyone can become a witness: by locking an amount of Gulden in a Witness account in the desktop wallet for a certain amount of time. Depending on the weighting of the witness account (chosen duration and amount in the account) the witness earns rewards. The advantage of this system is that the Gulden blockchain can withstand 51% attacks without relying heavily on energy-guzzling PoW miners or vulnerable standard PoS systems. Transactions can be safely accepted after one confirmation instead of the standard 3-6 confirmations.

  1. PoW2 Whitepaper simply explained PoW² explored — A post-launch look at some of the security implications How to setup a Witness
SIGMA: Since October 17, 2019, the Gulden team has implemented the Sigma algorithm and since then it is possible to mine Gulden solo without additional equipment. The algorithm is asic resistant and can be done on a normal desktop computer using it’s CPU. One can simply use this CPU mining algorithm by creating a mining account in the desktop wallet and start mining Gulden.
SegSig - Segregated Signature - Detailed article still to be published but was implemented with PoW2. Advantages of Segregated Signature: 1. 58% space saving on all transactions. More then twice the bitcoin SegWit implementation. 2. 58% increased transaction throughput. No block size or frequency changes needed. 3. Overhaul to the transaction script system which allowed us to implement PoW² and SegSig as clean as possible along with other benefits.

Please take your time and read the technicals on this coin as its truly phenomenal and seriously under valorised and recognised. Barely any effort has been made to market its potential but you can judge yourself. Read the PoW2 Whitepaper or the short version PoW2 simply explained
The Official Website and Official Slack chatroom.
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The deepest report: Bitmain's self-help history

The deepest report: Bitmain's self-help history
The original intention of this article is to let readers understand the causes and consequences of Bitmain internal fighting, but after writing it, I found that it is not so much internal fighting as it is a long history of self-help.
The story is very long. Let's adjust the timeline to the eve of December 17, 2018. That was one of Bitmain's most critical moments and the beginning of a series of subsequent stories.
1. Self-immolation In September 2018, Bitmain's financial department warned management that the company's cash flow has become very tight and operating costs must be reduced to allow the company to continue. The blockchain unicorn, which is valued at more than 15 billion U.S. dollars, is crippled in the run and struggling to break the corner.
In 2017, Bitmain made a profit of 1 billion US dollars In the first half of 2018, Bitmain made a profit of 1 billion US dollars Three rounds of financing, a total of 800 million US dollars Net assets should exceed 3 billion U.S. dollars In September 2018, Bitmain had tight cash flow and was on the verge of bankruptcy
A simple comparison, it is not difficult to see that Bitmain's ability to make money is incredible, and its ability to burn money is even more extreme.
How does Bitmain burn money? Do you pour cash into gasoline and burn it, or hire a lot of employees to stuff the banknotes one by one into the shredder? The actual situation is closer to the latter.
The following data can help readers quickly learn Bitmain's money burning skills.
At the beginning of 2018, the entire cryptocurrency market has entered a bear market, but Bitmain's monthly operating costs have been rising wildly. Operating costs have risen from 10 million US dollars at the beginning of the year to 50 million US dollars at the end of the year.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
Operating costs are just the tip of the iceberg. Excessive chip trial production can become a classic case of project management courses. Readers who pay attention to Cryptocurrency mining can easily find that Bitmain is still working hard to clear the inventory of Antminer S9 in 2019. As the co-CEO, Ketuan Zhan did not listen to the advice or even warnings of the Finance Department, insisting on the implementation of Excessive chip trial production, resulting in a large accumulation of inventory and tight capital turnover. Another CEO, Jihan Wu, once revealed that the loss of Excessive chip trial production to the company was approximately US$1.5 billion.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
The BM1393 chip incident is even more incredible. Chip expert Ketuan Zhan invested a lot of money on a failed chip, and finally failed again. From 2017 to 2018, Bitmain has failed Trial production of mining machine chips at least 4 times, including 16nm, 12nm and 10nm chips, of which 16nm Trial production failed twice, thus losing at least US$1.2 billion.
It is rumored that Bitmain still holds a billion U.S. dollars worth of cryptocurrency in a state of floating loss. In view of the rebound in the market in 2020, we will not comment temporarily, waiting for the correct answer from the cryptocurrency market. But the losses pointed out in the previous article are all irreversible.
2. Sole power
In September 2018, Bitmain's management realized the seriousness of the problem. It turned out that the company's money could be squandered. As a result, the management began to discuss self-help plans, and the most reasonable and effective way was obviously to lay off employees.
The probation period for newly hired employees at Bitmain is half a year, and the probationary salary is 100% of the official salary, there is no difference. Once layoffs are made, new employees who have not passed the probationary period will be the main layoff targets. The department managed by Ketuan Zhan will face large-scale layoffs. The layoff plan is strongly opposed by Ketuan Zhan. Bitmain can only temporarily abandon the layoffs and replace it with continuous reductions. For marketing and travel expenses, a budget committee was established to strictly approve every expenditure. At the same time, employee benefits, such as reimbursement of taxi expenses, breakfast supply, snacks and drinks, etc., have also been abolished, and even the tradition of giving employees 400 yuan worth of BTC/BCH every month has been stopped.
In the face of huge cash flow pressure, trivial savings is obviously of no avail. Soon, the management again discussed the layoff plan, and it has reached the point where it has to be laid off.
In December 2018, Jihan Wu began to organize all entrepreneurial veterans and business backbones to persuade Ketuan Zhan to agree to layoffs, but Ketuan Zhan still insisted not to layoffs. The persuasion process was very unsuccessful. After many meetings and intense debates, Bitmain executives were caught in a dilemma of wasting time with Ketuan Zhan.
In this process, the shortcomings of the dual CEO system began to appear, and the relationship between the two CEOs gradually deteriorated.
On the night of December 16th, Ketuan Zhan reconvened the management meeting, and more than 30 managements who were present were asked to hand over their mobile phones. At this time, Jihan Wu was on a business trip in Hong Kong and was busy with listing related work.
In the meeting, Ketuan Zhan's core content was three items:
(1) Bitmain cannot have two CEOs, only one CEO and must be Ketuan Zhan. Ketuan Zhan said that he met an old leader during a business trip. He hadn't seen each other for many years. The old leader suggested that the company can only have one CEO, and it must be him. Ketuan Zhan feels that this is a kind of fate, an opportunity given by God.
(2) Ketuan Zhan believes that the company's cash flow problems, the biggest responsibility is the inability of the financial department. To prove his point, Ketuan Zhan announced Bitmain's financial data at the meeting. In the evening, employees in Taiwan began to post messages on social media, saying that the company's capital chain was broken and the top management was split.
(3) If Ketuan Zhan is not supported, the option will be cancelled and the equity will be voided.
Hearing about this, Jihan Wu, who lives in Hong Kong, sent a WeChat message to the management who are attending the meeting.

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On the afternoon of December 17, 2018, Jihan Wu returned to Beijing to negotiate with Ketuan Zhan all night, and finally reached a consensus in the early morning. Bitmain co-founder Yuesheng Ge announced the results of the negotiations. Jihan Wu and Ketuan Zhan ceased to serve as CEOs, and Haichao Wang served as CEO. Jihan Wu voluntarily backed down and Ketuan Zhan served as chairman.
The "12.17 Incident" had a very bad impact on Bitmain, especially the disclosure of Bitmain's financial status, which caused vendors to start dunning. The loan that had just been negotiated with the Bank of Beijing was cancelled the next day. Jihan Wu's resignation as CEO caused an uproar in the industry, and it became a hot topic among Cryptocurrency mining, blockchain practitioners, and investor communities. The media focused their interpretation on Bitmain's series of incidents, and generally looked down upon its ongoing Hong Kong IPO, believing that the high-level changes had already signaled the failure of the IPO in advance.
On Christmas December 24, 2018, Bitmain finally began to implement the layoff plan. This long-delayed “correct decision” was achieved after a stalemate for nearly three months. The AI ​​teams in Beijing, Singapore, Taiwan, and Shanghai have laid off more than 50% of their employees. The Israeli R&D center was closed and Shenzhen New Species Technology Co., Ltd., which had been acquired for only ten months, was dissolved, and all employees were laid off. Copernicus, Bitmain's top blockchain development team, was not spared and was wiped out in this layoff. Copernicus and some of the laid-off employees joined the new company Matrixport co-founded by Jihan Wu and Yuesheng Ge, headquartered in Singapore.
3. Past events when starting a business
After the "12.17 Incident", Jihan Wu gradually faded out of Bitmain's management affairs and turned his attention to the IPO and new company. And this is one of Jihan Wu's major mistakes, he began to let Ketuan Zhan manage Bitmain alone.
In fact, as early as 2013, Jihan Wu planted hidden dangers.
Jihan Wu, an investment banker, was the earliest translator of the Bitcoin white paper. He began to get involved in the cryptocurrency mining industry in 2012. The disappearance of Kaomao and Nangua Zhang's ticket skipping led Jihan Wu to decide to develop his own chip.
In 2013, Jihan Wu established his own mining machine company. Together with Yuesheng Ge, who was only 20 years old, he found Ketuan Zhan, an integrated circuit designer of the Chinese Academy of Sciences, to create the protagonist of this article, and later the digital Cryptocurrency mining giant, Bitmain.
Jihan Wu promised Ketuan Zhan that every time a mining machine chip was successfully developed, he would give some shares to the Ketuan Zhan team. At that time, the company founded by Ketuan Zhan was on the eve of falling apart. In order to regroup the team, Ketuan Zhan promised to share half of his shares with the team members. Unfortunately, this is just a bad check. With the rapid development of Bitmain and higher and higher valuations, the expanding Ketuan Zhan almost monopolized all the shares.
Like many startups, Bitmain encountered many difficulties in its early days, and many jobs had to be done by the boss. For example, in the chip design and production process in the second half of 2013, Bitmain was caught in a dilemma of insufficient funds. Jihan Wu personally raised funds and met with TSMC’s sales to persuade TSMC to accept the production needs of a start-up company. Jihan Wu also participated in the selection of the thermodynamic parameters of the heat sink in the Antminer S1.
In 2014, Jihan Wu discovered that this company was independently operated by Ketuan Zhan, which had huge problems. Forcing Jihan Wu to continue to participate in company management.
At that time, Bitmain's mining machine chips had just achieved a certain lead in the standard design process. Jihan Wu believes that the next step must be to develop full customization technology, but Ketuan Zhan plans to invest resources in the research of mobile payment chips.
Ketuan Zhan met a mysterious person from the Party Central Security Bureau who claimed to be able to manipulate the Party Central Committee’s decision-making process for the next generation of mobile payment cryptography standards, but this direction is likely to lead to the fact that Bitmain has just gained the lead in the mining machine market. Regained.
Jihan Wu said that as a graduate of the School of Economics, with a little memory of his high school stage and the knowledge reserve of a computer technology amateur, he retrieves various materials and papers every day, learns theories related to full customization, and goes to Ketuan Zhan conducts persuasion work there.
Fortunately, in the direction of full customization technology, Ketuan Zhan finally listened to Jihan Wu's opinion. Bitmain quickly integrated the technical experts from the United States and Russia introduced by Jihan Wu, which greatly improved the design level of chips and complete machines.
In 2015, Jihan Wu suggested that Ketuan Zhan consider the direction of artificial intelligence. But Ketuan Zhan is not here, he prefers the CPU direction. After staying asleep at night, coupled with in-depth analysis by the Bitmain investment team, Ketuan Zhan finally agreed with this direction. It is a pity that after the Tianshi Chen brothers made major breakthroughs in theory and practice, Bitmain officially invested in the relevant direction, and it was still a step behind.
In the two years from 2016 to 2017, Bitmain's business performance has achieved rapid development, becoming a unique super unicorn in the blockchain industry. According to Froth & Sullivan, in 2017, Bitmain Technology Holdings was the second largest fabless chip design company in China and the tenth largest fabless chip design company in the world, and the fourth largest fabless ASIC chip design company in the world, accounting for 74.5% of global cryptocurrency market share.
However, the huge crisis has long been buried in the early days of entrepreneurship.
Ketuan Zhan's decision on major directions revealed his weakness of extremely lack of business understanding. But every mistake he made was blocked by the company's core employees. His overconfidence in his management ability led to the gradual intensification of conflicts, and the management differences between the two founders became more serious.
4.The giant gets lost
The contradiction between the two broke out on December 17, 2018. Ketuan Zhan used extreme means to force the management to compromise with him by canceling the option, so as to achieve the goal of sole control of the company. Jihan Wu returned to Beijing from Hong Kong overnight and negotiated with Ketuan Zhan all night. In the end, the two resigned as CEO. Jihan Wu retired. Ketuan Zhan has the exclusive rights of chairman in exchange for the implementation of the layoff plan.
Jihan Wu's voluntary retreat has intensified Ketuan Zhan's management to do whatever he wants.
A Bitmain employee commented on Ketuan Zhan's management skills, summed up in two letters-SM.
After becoming the sole helm of the company, Ketuan Zhan quickly "rectified" the department in charge of Jihan Wu as the chairman of the board. He guided the sales of mining machines at the dinner, and pointed out that the sales performance is not due to the sales staff. Ability is strong, but the company provides opportunities. Take two sales leaders as examples, saying that if the company hadn't given the opportunity, they would still be losers. In addition, Ketuan Zhan also instructed the sales staff on how to toast and imparted the wine table culture and experience.
After the meal, Ketuan Zhan came to the conclusion that the quality of Bitmain sales staff was too poor, and Huawei’s blood needs to be injected to drive the company’s progress. Soon, the marketing and sales director from Huawei officially took over Bitmain, opening the era of brand premium for Antminer.
In order to further understand and guide the sales work, Ketuan Zhan asked to meet the customers with the sales staff. During the negotiation process, Ketuan Zhan had a heated discussion with customers on the issue of Chinese and Western medicine, and had also forced the sales staff to be able to ship 10,000 machines due to insufficient production capacity.
Although the requirements for sales personnel are strict, Ketuan Zhan has provided a lot of convenience for "Mainland Ark". In addition to selling mining machines at a more favorable price, Bitmain's mining machines are also hosted in Ming Wang at a higher price than the market price. Mine. It is reported that both Ketuan Zhan and Ming Wang are shareholders of Ark.
The new sales strategy of Huawei's executives has also brought very obvious changes to Bitmain. The self-righteous brand premium reduces the price-performance ratio of Antminer, causing competing products to eat away at Bitmain's market share. Later, Bitmain found that the strategy was wrong and started to cut prices, and found that the mining machine market was saturated and the purchase demand of miners had decreased.
More dangerous than the sales strategy is that the technical advantages of Antminer are being chased by competing products, and even overtaken. At the same time, the two mining pools under Bitmain also lost their first and second positions. The AI ​​business, which Jihan Wu placed high hopes and Ketuan Zhan personally supervised, became a laughing stock in the industry. Not only did it fail to make a profit, it almost brought down Bitmain.
Blindly introducing senior executives from Huawei to occupy important positions completely destroys the company's internal cultural foundation. The bureaucracy within Bitmain began to corrode from high-level employees to ordinary employees. Ketuan Zhan is not aware of this. He is still keen on recruiting Huawei employees, imitating Huawei's organizational structure and strategy, letting HR do sales and R&D personnel to do HR.
The organizational structure adjustment in October 2019 was the fuse for Ketuan Zhan to completely anger Bitmain management. This time, Ketuan Zhan completely marginalized Bitmain’s veteran employees, and suddenly promoted some of the “airborne soldiers” who had just joined the company to the position of person in charge, which caused the former person in charge to report to the new employees. The two managers who were originally equal The hierarchy becomes the subordinate relationship, the operation and development of different business lines are merged into a large department, the upward reporting process becomes more cumbersome, and the relationship between employees becomes delicate.
5. Headwind
On October 29, 2019, Jihan Wu urgently held a staff meeting. Prior to this, the legal representative of Beijing Bitmain has been changed to Jihan Wu, including the parent companies Hong Kong Bitmain and Cayman Bitmain. Jihan Wu stood in the lobby of Building 25, B1, announcing that Ketuan Zhan has been relieved of all duties. Any employee in the Bitmain Group shall no longer execute Ketuan Zhan’s instructions and participate in any meetings convened by Ketuan Zhan. If there is any violation, the company will demotion and expel the company based on the severity of the circumstances. If losses are caused to the company, the company will be held accountable.
Jihan Wu's speech is very long, which can be summarized as follows:
(1) Ketuan Zhan has been relieved of all duties. Also expelled from the original Huawei company HR Zhi Wang introduced by Ketuan Zhan at the end of 2018. Zhi Wang’s reputation on Bitmain was extremely poor and was ridiculed by employees as "nine thousand years" (In ancient China, the emperor was called "ten thousand years old", and the prince was "eight thousand years old." However, in the Ming Dynasty, there was an eunuch who caused harm to the country and the people. He called himself "nine thousand years old", meaning that he was only A little lower than the emperor's level).
(2) Ketuan Zhan's ability to control the company's option incentive plan has disappeared, and it is no longer possible to cancel employees' options at will.
(3) The organizational structure adjustment plan led by Ketuan Zhan was suspended.
(4) We are optimistic about the future of AI business, but the premise is that the main business can continue to make profits in order to support the company's continued investment in AI business.
In the speech, Jihan Wu also told employees the whole story of the "12.17 Incident" and bluntly said that the company is not in good condition. If no measures are taken, Bitmain is likely to go bankrupt in three quarters and he must come back to save the company.
At this time, Ketuan Zhan, who was on a business trip in Shenzhen, finally experienced the situation of Jihan Wu in the "12.17 Incident".
After the official return, Jihan Wu began to clearly point out the company's various problems in operation and management, and went deep into each business line to understand the situation. In the mining machine sales department meeting, employees spoke enthusiastically, reflecting on the difficulties and opinions encountered in the work, the marketing and sales director from Huawei asked with a surprised look, "Why didn't these issues be reported to me before?", and soon , The director was interviewed and "voluntarily resigned."
On November 2, 2019, Jihan Wu announced a salary increase for all employees. Bitmain’s last salary increase dates back to 2018. In principle, Bitmain has two salary increases every year.
On November 7, 2019, Ketuan Zhan spoke on social media for the first time, describing his hardship in starting a business, and condemning Jihan Wu for “stabbing a knife in the back”. At the end of the article, he also set himself a KPI for 2020, that is, the mining machine market share will reach 90%, and the AI ​​business will earn 1 billion.
But Ketuan Zhan's majestic plan did not make Bitmain employees feel emotional, but ridiculed him instead. Employees exposed that he insulted employees, advocated Chinese medicine, believed in Buddhism, drank in meetings, practiced Qigong...
However, there is less than half a year before the halving of Bitcoin production, and the cryptocurrency market shows no signs of recovery, which makes Bitmain management very anxious.
On January 6, 2020, Bitmain ushered in another round of layoffs, with a layoff ratio of about 1/3. This time the layoffs have caused many employees who have just increased their salaries to feel very grieved. On the one hand, they were looking forward to Jihan Wu's return. On the other hand, the compensation for this layoff was less than 18 years.
Ketuan Zhan, who has been unable to enter the Bitmain office area, once again spoke on social media and firmly opposed to layoffs. We do not need to lay off staff and we cannot commit suicide.
During the Spring Festival, Covid-19 broke out. Mainland China has begun to extend the Spring Festival holiday and advocate working from home. Under the chain reaction caused by Covid-19, most companies have chosen to cut salaries or even lay off employees. In the first two months of 2020, China's exports fell by 17%, U.S. stocks were broken four times in a row, Bitcoin plunged 40% in 24 hours on March 12, 2020, and crude oil futures fell by 300% on April 20, 2020...
Obviously, Jihan Wu can't predict, but this layoff seems to be the right decision again. In addition, from January to April 2020, Bitmain's revenue exceeded US$400 million amid the spread of Covid-19 and the collapse of the financial market.
6. Fight to the death
When Jihan Wu tried to get the company back on track, Ketuan Zhan was not helpless. On April 28, 2020, Ketuan Zhan finally rolled back the legal representative of Beijing Bitmain to before October 28, 2019 by repeatedly submitting administrative reconsiderations, and restored his status as a legal representative.
On the morning of May 8, 2020, a piece of news about Bitmain quickly appeared on the real-time hot search rankings, and even dominated the headlines of the day. At window 52 on the second floor of the Haidian District Government Affairs Center, when Ketuan Zhan, the legal person of Beijing Bitmain Company, was receiving the business license, a group of unidentified people snatched the business license from the industrial and commercial administrative staff. A source at the scene said that the number of unidentified people in the group was about 60 people, of which Luyao Liu was directing at the scene.
This is a skillful piece of news. It first leads readers to think that Ketuan Zhan is a victim, using 60 people to grab business licenses as the focus. The masses accused Jihan Wu of lawlessness, but ignored whether the government affairs center could have 60 personnel. As for Hong Kong Bitmain to have the right to appoint a representative to obtain a business license, this is a deeper level of thinking.
The follow-up report restored the real situation at the scene. Only more than ten people were present, and both sides were equipped with security personnel. Bitmain employees also broke the news in the circle of friends, claiming that Ketuan Zhan's bodyguard had injured Bitmain's authorized person, and said in a threatening tone, "Be careful!"
However, the subsequent plot reversal did not have much effect. Jihan Wu's reputation has been greatly affected. From a bloody soldier who rescued the company in trouble to a lawless criminal, it can be said to be a world of war. do not.
Ketuan Zhan, who succeeded in the first battle, began to counterattack Bitmain continuously. On the afternoon of June 3, 2020, Ketuan Zhan led a team to pry open the back door of the Beijing Bitmain office and formally occupied the deserted Beijing headquarters.
On June 4, 2020, Ketuan Zhan called on Bitmain employees to resume work and promised to expand the company's market value to more than US$50 billion within three to five years. After that, Ketuan Zhan began to contact employees by phone, trying to acquire the options in the hands of employees at a valuation of 4 billion US dollars.
Subsequently, Ketuan Zhan recalled Huawei's executives and issued a series of personnel appointments and removals. As of June 9, 2020, Ketuan Zhan has successively eliminated CFO Luyao Liu, and Wenguang Wang, the head of the mining center. Luyao Liu is responsible for controlling Bitmain's IPO plan. He also appointed Yanwu Ma as the HR director, Gang Ren as the head of the mining center, Yonggang Sun as the head of the supply chain, Ling Gu as the financial director, and Bin Zhu as the head of the mining machine business department. Bin Zhu is the senior executive of Huawei who was interviewed and left as mentioned in the previous article. During his tenure, he reduced Antminer’s 90% market share to 50%, and received a large number of complaints from miners. Internal employees once speculated that he might be Compete against the spies sent by the company.
In addition to recalling senior executives of Huawei, Ketuan Zhan also urged employees to return to work. They can receive a bonus of 10,000 yuan when they return to work on the same day, which is only half the next day. Ketuan Zhan showed a very kind side. Every time the elevator door is opened, Ketuan Zhan's hot gaze can be met, shaking hands, taking photos, and receiving money. As there is no personnel information, Ketuan Zhan does not know whether the person receiving the money is a Bitmain employee, and these people did not resume work the next day.
The effect of gentleness was not good, Ketuan Zhan began to force employees to return to work. Seeing that there are still very few respondents, Ketuan Zhan threatened employees through SMS, phone calls, EMS, emails and other harassment, issued multiple threats such as termination of contract, suspension of payment of social insurance, suspension of wages, and even used personal information saved by employees to form a group of employees. Domicile threats, requiring employees to perform "work handover", trying to force employees to return work computers, etc.
On June 10, 2020, the media revealed that Ketuan Zhan had controlled Bitmain's Shenzhen factory and prohibited employees from delivering normal shipments to paid customers, which caused difficulties in the operation of the Bitmain mining machine department.
On June 13, 2020, Hong Kong Bitmain, the parent company of Beijing Bitmain, issued a statement accusing Ketuan Zhan of signing a "Sales Agency Agreement" with the Ark Data Technology Co., Ltd. in which it holds shares, in an attempt to embezzle Beijing Bit's assets.
On June 17, 2020, the media revealed that Ketuan Zhan started selling 14,000 T17+ series mining machines at low prices.
On June 20, 2020, Hong Kong Bitmain officially suspended the supply of chips to the Shenzhen factory.
On July 13, 2020, in the "A Letter to All My colleagues in the Shenzhen Factory" released by Bitmain in Hong Kong, more details were added on the series of Ketuan Zhan's actions in June.
The legal person Feng Zhou of the Shenzhen plant is related to Ketuan Zhan. After being relieved of Ketuan Zhan's post, Jihan Wu flew to Shenzhen to have a long talk with Feng Zhou. Jihan Wu believes that Feng Zhou is the right person to manage the factory and help the company overcome difficulties, and decides to leave Feng Zhou to continue to manage the factory.
This wrong decision staged a story of a farmer and a snake. When Ketuan Zhan began to counterattack Bitmain, Feng Zhou was also quickly instigated and began to assist Ketuan Zhan in seizing customer machines and transferring 17,000 T17 mining machines in the warehouse. Hainan Continental Ark Data Technology Co., Ltd., which is held by Ketuan Zhan, sold them at a low price.
In order to protect the interests of customers, Jihan Wu had to make a compromise and paid the payment for some goods to a bank account controlled by Ketuan Zhan in exchange for delivery. However, after the other party received a payment of 109 million, the delivery stopped. On July 8, 2020, 5600 mining machines have been overdue.
At the same time, the factory defaulted on suppliers’ accounts payable as much as 200 million yuan. Bank acceptance bills issued by the factory, exceeding 36 million yuan, will expire on July 17, and more than 34 million yuan will expire on July 23. It is understood that Ketuan Zhan, after receiving the bank's dunning call, made it clear that he would not repay the loan, which would destroy the company and the entire group's credit in financial institutions.
7、 This is not the end
So far, the power struggle between the founders of Bitmain has been more than half a year. The office building already occupied by Ketuan Zhan is still empty, and most employees choose to work from home. Some chip developers returned to the office with the acquiescence of Jihan Wu and continued to maintain research and development to reduce the impact of infighting on technological iteration and competitiveness.
This giant ship that once stood on top of the supercomputer chip is crashing into the iceberg due to the madness of the former helm. Ketuan Zhan's madness and Jihan Wu's compromise made mistakes again and again. Bitmain tried to save himself many times, but was unable to get out of the black hole.
If the time goes back to that day in 2013, would Jihan Wu and Yuesheng Ge still choose to dial Ketuan Zhan?
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The deepest report: Bitmain's self-help history

The deepest report: Bitmain's self-help history
The original intention of this article is to let readers understand the causes and consequences of Bitmain internal fighting, but after writing it, I found that it is not so much internal fighting as it is a long history of self-help.
The story is very long. Let's adjust the timeline to the eve of December 17, 2018. That was one of Bitmain's most critical moments and the beginning of a series of subsequent stories.
1. Self-immolation In September 2018, Bitmain's financial department warned management that the company's cash flow has become very tight and operating costs must be reduced to allow the company to continue. The blockchain unicorn, which is valued at more than 15 billion U.S. dollars, is crippled in the run and struggling to break the corner.
In 2017, Bitmain made a profit of 1 billion US dollars In the first half of 2018, Bitmain made a profit of 1 billion US dollars Three rounds of financing, a total of 800 million US dollars Net assets should exceed 3 billion U.S. dollars In September 2018, Bitmain had tight cash flow and was on the verge of bankruptcy
A simple comparison, it is not difficult to see that Bitmain's ability to make money is incredible, and its ability to burn money is even more extreme.
How does Bitmain burn money? Do you pour cash into gasoline and burn it, or hire a lot of employees to stuff the banknotes one by one into the shredder? The actual situation is closer to the latter.
The following data can help readers quickly learn Bitmain's money burning skills.
At the beginning of 2018, the entire cryptocurrency market has entered a bear market, but Bitmain's monthly operating costs have been rising wildly. Operating costs have risen from 10 million US dollars at the beginning of the year to 50 million US dollars at the end of the year.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
Operating costs are just the tip of the iceberg. Excessive chip trial production can become a classic case of project management courses. Readers who pay attention to Cryptocurrency mining can easily find that Bitmain is still working hard to clear the inventory of Antminer S9 in 2019. As the co-CEO, Ketuan Zhan did not listen to the advice or even warnings of the Finance Department, insisting on the implementation of Excessive chip trial production, resulting in a large accumulation of inventory and tight capital turnover. Another CEO, Jihan Wu, once revealed that the loss of Excessive chip trial production to the company was approximately US$1.5 billion.
Large-scale expansion of the R&D team is one of the main reasons. The HR who once worked at Bitmain revealed that the company once hired more than 50 employees a day and nearly 500 employees a month. Even so, it was criticized for its slow recruitment speed. The cash consumption in this area is approximately $250 million.
The BM1393 chip incident is even more incredible. Chip expert Ketuan Zhan invested a lot of money on a failed chip, and finally failed again. From 2017 to 2018, Bitmain has failed Trial production of mining machine chips at least 4 times, including 16nm, 12nm and 10nm chips, of which 16nm Trial production failed twice, thus losing at least US$1.2 billion.
It is rumored that Bitmain still holds a billion U.S. dollars worth of cryptocurrency in a state of floating loss. In view of the rebound in the market in 2020, we will not comment temporarily, waiting for the correct answer from the cryptocurrency market. But the losses pointed out in the previous article are all irreversible.
2. Sole power
In September 2018, Bitmain's management realized the seriousness of the problem. It turned out that the company's money could be squandered. As a result, the management began to discuss self-help plans, and the most reasonable and effective way was obviously to lay off employees.
The probation period for newly hired employees at Bitmain is half a year, and the probationary salary is 100% of the official salary, there is no difference. Once layoffs are made, new employees who have not passed the probationary period will be the main layoff targets. The department managed by Ketuan Zhan will face large-scale layoffs. The layoff plan is strongly opposed by Ketuan Zhan. Bitmain can only temporarily abandon the layoffs and replace it with continuous reductions. For marketing and travel expenses, a budget committee was established to strictly approve every expenditure. At the same time, employee benefits, such as reimbursement of taxi expenses, breakfast supply, snacks and drinks, etc., have also been abolished, and even the tradition of giving employees 400 yuan worth of BTC/BCH every month has been stopped.
In the face of huge cash flow pressure, trivial savings is obviously of no avail. Soon, the management again discussed the layoff plan, and it has reached the point where it has to be laid off.
In December 2018, Jihan Wu began to organize all entrepreneurial veterans and business backbones to persuade Ketuan Zhan to agree to layoffs, but Ketuan Zhan still insisted not to layoffs. The persuasion process was very unsuccessful. After many meetings and intense debates, Bitmain executives were caught in a dilemma of wasting time with Ketuan Zhan.
In this process, the shortcomings of the dual CEO system began to appear, and the relationship between the two CEOs gradually deteriorated.
On the night of December 16th, Ketuan Zhan reconvened the management meeting, and more than 30 managements who were present were asked to hand over their mobile phones. At this time, Jihan Wu was on a business trip in Hong Kong and was busy with listing related work.
In the meeting, Ketuan Zhan's core content was three items:
(1) Bitmain cannot have two CEOs, only one CEO and must be Ketuan Zhan. Ketuan Zhan said that he met an old leader during a business trip. He hadn't seen each other for many years. The old leader suggested that the company can only have one CEO, and it must be him. Ketuan Zhan feels that this is a kind of fate, an opportunity given by God.
(2) Ketuan Zhan believes that the company's cash flow problems, the biggest responsibility is the inability of the financial department. To prove his point, Ketuan Zhan announced Bitmain's financial data at the meeting. In the evening, employees in Taiwan began to post messages on social media, saying that the company's capital chain was broken and the top management was split.
(3) If Ketuan Zhan is not supported, the option will be cancelled and the equity will be voided.
Hearing about this, Jihan Wu, who lives in Hong Kong, sent a WeChat message to the management who are attending the meeting.

https://preview.redd.it/c5cxea2lqid51.jpg?width=1080&format=pjpg&auto=webp&s=3d6a0388408f6b8abe10648e5e4b7a3a5434c821
On the afternoon of December 17, 2018, Jihan Wu returned to Beijing to negotiate with Ketuan Zhan all night, and finally reached a consensus in the early morning. Bitmain co-founder Yuesheng Ge announced the results of the negotiations. Jihan Wu and Ketuan Zhan ceased to serve as CEOs, and Haichao Wang served as CEO. Jihan Wu voluntarily backed down and Ketuan Zhan served as chairman.
The "12.17 Incident" had a very bad impact on Bitmain, especially the disclosure of Bitmain's financial status, which caused vendors to start dunning. The loan that had just been negotiated with the Bank of Beijing was cancelled the next day. Jihan Wu's resignation as CEO caused an uproar in the industry, and it became a hot topic among Cryptocurrency mining, blockchain practitioners, and investor communities. The media focused their interpretation on Bitmain's series of incidents, and generally looked down upon its ongoing Hong Kong IPO, believing that the high-level changes had already signaled the failure of the IPO in advance.
On Christmas December 24, 2018, Bitmain finally began to implement the layoff plan. This long-delayed “correct decision” was achieved after a stalemate for nearly three months. The AI ​​teams in Beijing, Singapore, Taiwan, and Shanghai have laid off more than 50% of their employees. The Israeli R&D center was closed and Shenzhen New Species Technology Co., Ltd., which had been acquired for only ten months, was dissolved, and all employees were laid off. Copernicus, Bitmain's top blockchain development team, was not spared and was wiped out in this layoff. Copernicus and some of the laid-off employees joined the new company Matrixport co-founded by Jihan Wu and Yuesheng Ge, headquartered in Singapore.
3. Past events when starting a business
After the "12.17 Incident", Jihan Wu gradually faded out of Bitmain's management affairs and turned his attention to the IPO and new company. And this is one of Jihan Wu's major mistakes, he began to let Ketuan Zhan manage Bitmain alone.
In fact, as early as 2013, Jihan Wu planted hidden dangers.
Jihan Wu, an investment banker, was the earliest translator of the Bitcoin white paper. He began to get involved in the cryptocurrency mining industry in 2012. The disappearance of Kaomao and Nangua Zhang's ticket skipping led Jihan Wu to decide to develop his own chip.
In 2013, Jihan Wu established his own mining machine company. Together with Yuesheng Ge, who was only 20 years old, he found Ketuan Zhan, an integrated circuit designer of the Chinese Academy of Sciences, to create the protagonist of this article, and later the digital Cryptocurrency mining giant, Bitmain.
Jihan Wu promised Ketuan Zhan that every time a mining machine chip was successfully developed, he would give some shares to the Ketuan Zhan team. At that time, the company founded by Ketuan Zhan was on the eve of falling apart. In order to regroup the team, Ketuan Zhan promised to share half of his shares with the team members. Unfortunately, this is just a bad check. With the rapid development of Bitmain and higher and higher valuations, the expanding Ketuan Zhan almost monopolized all the shares.
Like many startups, Bitmain encountered many difficulties in its early days, and many jobs had to be done by the boss. For example, in the chip design and production process in the second half of 2013, Bitmain was caught in a dilemma of insufficient funds. Jihan Wu personally raised funds and met with TSMC’s sales to persuade TSMC to accept the production needs of a start-up company. Jihan Wu also participated in the selection of the thermodynamic parameters of the heat sink in the Antminer S1.
In 2014, Jihan Wu discovered that this company was independently operated by Ketuan Zhan, which had huge problems. Forcing Jihan Wu to continue to participate in company management.
At that time, Bitmain's mining machine chips had just achieved a certain lead in the standard design process. Jihan Wu believes that the next step must be to develop full customization technology, but Ketuan Zhan plans to invest resources in the research of mobile payment chips.
Ketuan Zhan met a mysterious person from the Party Central Security Bureau who claimed to be able to manipulate the Party Central Committee’s decision-making process for the next generation of mobile payment cryptography standards, but this direction is likely to lead to the fact that Bitmain has just gained the lead in the mining machine market. Regained.
Jihan Wu said that as a graduate of the School of Economics, with a little memory of his high school stage and the knowledge reserve of a computer technology amateur, he retrieves various materials and papers every day, learns theories related to full customization, and goes to Ketuan Zhan conducts persuasion work there.
Fortunately, in the direction of full customization technology, Ketuan Zhan finally listened to Jihan Wu's opinion. Bitmain quickly integrated the technical experts from the United States and Russia introduced by Jihan Wu, which greatly improved the design level of chips and complete machines.
In 2015, Jihan Wu suggested that Ketuan Zhan consider the direction of artificial intelligence. But Ketuan Zhan is not here, he prefers the CPU direction. After staying asleep at night, coupled with in-depth analysis by the Bitmain investment team, Ketuan Zhan finally agreed with this direction. It is a pity that after the Tianshi Chen brothers made major breakthroughs in theory and practice, Bitmain officially invested in the relevant direction, and it was still a step behind.
In the two years from 2016 to 2017, Bitmain's business performance has achieved rapid development, becoming a unique super unicorn in the blockchain industry. According to Froth & Sullivan, in 2017, Bitmain Technology Holdings was the second largest fabless chip design company in China and the tenth largest fabless chip design company in the world, and the fourth largest fabless ASIC chip design company in the world, accounting for 74.5% of global cryptocurrency market share.
However, the huge crisis has long been buried in the early days of entrepreneurship.
Ketuan Zhan's decision on major directions revealed his weakness of extremely lack of business understanding. But every mistake he made was blocked by the company's core employees. His overconfidence in his management ability led to the gradual intensification of conflicts, and the management differences between the two founders became more serious.
4.The giant gets lost
The contradiction between the two broke out on December 17, 2018. Ketuan Zhan used extreme means to force the management to compromise with him by canceling the option, so as to achieve the goal of sole control of the company. Jihan Wu returned to Beijing from Hong Kong overnight and negotiated with Ketuan Zhan all night. In the end, the two resigned as CEO. Jihan Wu retired. Ketuan Zhan has the exclusive rights of chairman in exchange for the implementation of the layoff plan.
Jihan Wu's voluntary retreat has intensified Ketuan Zhan's management to do whatever he wants.
A Bitmain employee commented on Ketuan Zhan's management skills, summed up in two letters-SM.
After becoming the sole helm of the company, Ketuan Zhan quickly "rectified" the department in charge of Jihan Wu as the chairman of the board. He guided the sales of mining machines at the dinner, and pointed out that the sales performance is not due to the sales staff. Ability is strong, but the company provides opportunities. Take two sales leaders as examples, saying that if the company hadn't given the opportunity, they would still be losers. In addition, Ketuan Zhan also instructed the sales staff on how to toast and imparted the wine table culture and experience.
After the meal, Ketuan Zhan came to the conclusion that the quality of Bitmain sales staff was too poor, and Huawei’s blood needs to be injected to drive the company’s progress. Soon, the marketing and sales director from Huawei officially took over Bitmain, opening the era of brand premium for Antminer.
In order to further understand and guide the sales work, Ketuan Zhan asked to meet the customers with the sales staff. During the negotiation process, Ketuan Zhan had a heated discussion with customers on the issue of Chinese and Western medicine, and had also forced the sales staff to be able to ship 10,000 machines due to insufficient production capacity.
Although the requirements for sales personnel are strict, Ketuan Zhan has provided a lot of convenience for "Mainland Ark". In addition to selling mining machines at a more favorable price, Bitmain's mining machines are also hosted in Ming Wang at a higher price than the market price. Mine. It is reported that both Ketuan Zhan and Ming Wang are shareholders of Ark.
The new sales strategy of Huawei's executives has also brought very obvious changes to Bitmain. The self-righteous brand premium reduces the price-performance ratio of Antminer, causing competing products to eat away at Bitmain's market share. Later, Bitmain found that the strategy was wrong and started to cut prices, and found that the mining machine market was saturated and the purchase demand of miners had decreased.
More dangerous than the sales strategy is that the technical advantages of Antminer are being chased by competing products, and even overtaken. At the same time, the two mining pools under Bitmain also lost their first and second positions. The AI ​​business, which Jihan Wu placed high hopes and Ketuan Zhan personally supervised, became a laughing stock in the industry. Not only did it fail to make a profit, it almost brought down Bitmain.
Blindly introducing senior executives from Huawei to occupy important positions completely destroys the company's internal cultural foundation. The bureaucracy within Bitmain began to corrode from high-level employees to ordinary employees. Ketuan Zhan is not aware of this. He is still keen on recruiting Huawei employees, imitating Huawei's organizational structure and strategy, letting HR do sales and R&D personnel to do HR.
The organizational structure adjustment in October 2019 was the fuse for Ketuan Zhan to completely anger Bitmain management. This time, Ketuan Zhan completely marginalized Bitmain’s veteran employees, and suddenly promoted some of the “airborne soldiers” who had just joined the company to the position of person in charge, which caused the former person in charge to report to the new employees. The two managers who were originally equal The hierarchy becomes the subordinate relationship, the operation and development of different business lines are merged into a large department, the upward reporting process becomes more cumbersome, and the relationship between employees becomes delicate.
5. Headwind
On October 29, 2019, Jihan Wu urgently held a staff meeting. Prior to this, the legal representative of Beijing Bitmain has been changed to Jihan Wu, including the parent companies Hong Kong Bitmain and Cayman Bitmain. Jihan Wu stood in the lobby of Building 25, B1, announcing that Ketuan Zhan has been relieved of all duties. Any employee in the Bitmain Group shall no longer execute Ketuan Zhan’s instructions and participate in any meetings convened by Ketuan Zhan. If there is any violation, the company will demotion and expel the company based on the severity of the circumstances. If losses are caused to the company, the company will be held accountable.
Jihan Wu's speech is very long, which can be summarized as follows:
(1) Ketuan Zhan has been relieved of all duties. Also expelled from the original Huawei company HR Zhi Wang introduced by Ketuan Zhan at the end of 2018. Zhi Wang’s reputation on Bitmain was extremely poor and was ridiculed by employees as "nine thousand years" (In ancient China, the emperor was called "ten thousand years old", and the prince was "eight thousand years old." However, in the Ming Dynasty, there was an eunuch who caused harm to the country and the people. He called himself "nine thousand years old", meaning that he was only A little lower than the emperor's level).
(2) Ketuan Zhan's ability to control the company's option incentive plan has disappeared, and it is no longer possible to cancel employees' options at will.
(3) The organizational structure adjustment plan led by Ketuan Zhan was suspended.
(4) We are optimistic about the future of AI business, but the premise is that the main business can continue to make profits in order to support the company's continued investment in AI business.
In the speech, Jihan Wu also told employees the whole story of the "12.17 Incident" and bluntly said that the company is not in good condition. If no measures are taken, Bitmain is likely to go bankrupt in three quarters and he must come back to save the company.
At this time, Ketuan Zhan, who was on a business trip in Shenzhen, finally experienced the situation of Jihan Wu in the "12.17 Incident".
After the official return, Jihan Wu began to clearly point out the company's various problems in operation and management, and went deep into each business line to understand the situation. In the mining machine sales department meeting, employees spoke enthusiastically, reflecting on the difficulties and opinions encountered in the work, the marketing and sales director from Huawei asked with a surprised look, "Why didn't these issues be reported to me before?", and soon , The director was interviewed and "voluntarily resigned."
On November 2, 2019, Jihan Wu announced a salary increase for all employees. Bitmain’s last salary increase dates back to 2018. In principle, Bitmain has two salary increases every year.
On November 7, 2019, Ketuan Zhan spoke on social media for the first time, describing his hardship in starting a business, and condemning Jihan Wu for “stabbing a knife in the back”. At the end of the article, he also set himself a KPI for 2020, that is, the mining machine market share will reach 90%, and the AI ​​business will earn 1 billion.
But Ketuan Zhan's majestic plan did not make Bitmain employees feel emotional, but ridiculed him instead. Employees exposed that he insulted employees, advocated Chinese medicine, believed in Buddhism, drank in meetings, practiced Qigong...
However, there is less than half a year before the halving of Bitcoin production, and the cryptocurrency market shows no signs of recovery, which makes Bitmain management very anxious.
On January 6, 2020, Bitmain ushered in another round of layoffs, with a layoff ratio of about 1/3. This time the layoffs have caused many employees who have just increased their salaries to feel very grieved. On the one hand, they were looking forward to Jihan Wu's return. On the other hand, the compensation for this layoff was less than 18 years.
Ketuan Zhan, who has been unable to enter the Bitmain office area, once again spoke on social media and firmly opposed to layoffs. We do not need to lay off staff and we cannot commit suicide.
During the Spring Festival, Covid-19 broke out. Mainland China has begun to extend the Spring Festival holiday and advocate working from home. Under the chain reaction caused by Covid-19, most companies have chosen to cut salaries or even lay off employees. In the first two months of 2020, China's exports fell by 17%, U.S. stocks were broken four times in a row, Bitcoin plunged 40% in 24 hours on March 12, 2020, and crude oil futures fell by 300% on April 20, 2020...
Obviously, Jihan Wu can't predict, but this layoff seems to be the right decision again. In addition, from January to April 2020, Bitmain's revenue exceeded US$400 million amid the spread of Covid-19 and the collapse of the financial market.
6. Fight to the death
When Jihan Wu tried to get the company back on track, Ketuan Zhan was not helpless. On April 28, 2020, Ketuan Zhan finally rolled back the legal representative of Beijing Bitmain to before October 28, 2019 by repeatedly submitting administrative reconsiderations, and restored his status as a legal representative.
On the morning of May 8, 2020, a piece of news about Bitmain quickly appeared on the real-time hot search rankings, and even dominated the headlines of the day. At window 52 on the second floor of the Haidian District Government Affairs Center, when Ketuan Zhan, the legal person of Beijing Bitmain Company, was receiving the business license, a group of unidentified people snatched the business license from the industrial and commercial administrative staff. A source at the scene said that the number of unidentified people in the group was about 60 people, of which Luyao Liu was directing at the scene.
This is a skillful piece of news. It first leads readers to think that Ketuan Zhan is a victim, using 60 people to grab business licenses as the focus. The masses accused Jihan Wu of lawlessness, but ignored whether the government affairs center could have 60 personnel. As for Hong Kong Bitmain to have the right to appoint a representative to obtain a business license, this is a deeper level of thinking.
The follow-up report restored the real situation at the scene. Only more than ten people were present, and both sides were equipped with security personnel. Bitmain employees also broke the news in the circle of friends, claiming that Ketuan Zhan's bodyguard had injured Bitmain's authorized person, and said in a threatening tone, "Be careful!"
However, the subsequent plot reversal did not have much effect. Jihan Wu's reputation has been greatly affected. From a bloody soldier who rescued the company in trouble to a lawless criminal, it can be said to be a world of war. do not.
Ketuan Zhan, who succeeded in the first battle, began to counterattack Bitmain continuously. On the afternoon of June 3, 2020, Ketuan Zhan led a team to pry open the back door of the Beijing Bitmain office and formally occupied the deserted Beijing headquarters.
On June 4, 2020, Ketuan Zhan called on Bitmain employees to resume work and promised to expand the company's market value to more than US$50 billion within three to five years. After that, Ketuan Zhan began to contact employees by phone, trying to acquire the options in the hands of employees at a valuation of 4 billion US dollars.
Subsequently, Ketuan Zhan recalled Huawei's executives and issued a series of personnel appointments and removals. As of June 9, 2020, Ketuan Zhan has successively eliminated CFO Luyao Liu, and Wenguang Wang, the head of the mining center. Luyao Liu is responsible for controlling Bitmain's IPO plan. He also appointed Yanwu Ma as the HR director, Gang Ren as the head of the mining center, Yonggang Sun as the head of the supply chain, Ling Gu as the financial director, and Bin Zhu as the head of the mining machine business department. Bin Zhu is the senior executive of Huawei who was interviewed and left as mentioned in the previous article. During his tenure, he reduced Antminer’s 90% market share to 50%, and received a large number of complaints from miners. Internal employees once speculated that he might be Compete against the spies sent by the company.
In addition to recalling senior executives of Huawei, Ketuan Zhan also urged employees to return to work. They can receive a bonus of 10,000 yuan when they return to work on the same day, which is only half the next day. Ketuan Zhan showed a very kind side. Every time the elevator door is opened, Ketuan Zhan's hot gaze can be met, shaking hands, taking photos, and receiving money. As there is no personnel information, Ketuan Zhan does not know whether the person receiving the money is a Bitmain employee, and these people did not resume work the next day.
The effect of gentleness was not good, Ketuan Zhan began to force employees to return to work. Seeing that there are still very few respondents, Ketuan Zhan threatened employees through SMS, phone calls, EMS, emails and other harassment, issued multiple threats such as termination of contract, suspension of payment of social insurance, suspension of wages, and even used personal information saved by employees to form a group of employees. Domicile threats, requiring employees to perform "work handover", trying to force employees to return work computers, etc.
On June 10, 2020, the media revealed that Ketuan Zhan had controlled Bitmain's Shenzhen factory and prohibited employees from delivering normal shipments to paid customers, which caused difficulties in the operation of the Bitmain mining machine department.
On June 13, 2020, Hong Kong Bitmain, the parent company of Beijing Bitmain, issued a statement accusing Ketuan Zhan of signing a "Sales Agency Agreement" with the Ark Data Technology Co., Ltd. in which it holds shares, in an attempt to embezzle Beijing Bit's assets.
On June 17, 2020, the media revealed that Ketuan Zhan started selling 14,000 T17+ series mining machines at low prices.
On June 20, 2020, Hong Kong Bitmain officially suspended the supply of chips to the Shenzhen factory.
On July 13, 2020, in the "A Letter to All My colleagues in the Shenzhen Factory" released by Bitmain in Hong Kong, more details were added on the series of Ketuan Zhan's actions in June.
The legal person Feng Zhou of the Shenzhen plant is related to Ketuan Zhan. After being relieved of Ketuan Zhan's post, Jihan Wu flew to Shenzhen to have a long talk with Feng Zhou. Jihan Wu believes that Feng Zhou is the right person to manage the factory and help the company overcome difficulties, and decides to leave Feng Zhou to continue to manage the factory.
This wrong decision staged a story of a farmer and a snake. When Ketuan Zhan began to counterattack Bitmain, Feng Zhou was also quickly instigated and began to assist Ketuan Zhan in seizing customer machines and transferring 17,000 T17 mining machines in the warehouse. Hainan Continental Ark Data Technology Co., Ltd., which is held by Ketuan Zhan, sold them at a low price.
In order to protect the interests of customers, Jihan Wu had to make a compromise and paid the payment for some goods to a bank account controlled by Ketuan Zhan in exchange for delivery. However, after the other party received a payment of 109 million, the delivery stopped. On July 8, 2020, 5600 mining machines have been overdue.
At the same time, the factory defaulted on suppliers’ accounts payable as much as 200 million yuan. Bank acceptance bills issued by the factory, exceeding 36 million yuan, will expire on July 17, and more than 34 million yuan will expire on July 23. It is understood that Ketuan Zhan, after receiving the bank's dunning call, made it clear that he would not repay the loan, which would destroy the company and the entire group's credit in financial institutions.
7、 This is not the end
So far, the power struggle between the founders of Bitmain has been more than half a year. The office building already occupied by Ketuan Zhan is still empty, and most employees choose to work from home. Some chip developers returned to the office with the acquiescence of Jihan Wu and continued to maintain research and development to reduce the impact of infighting on technological iteration and competitiveness.
This giant ship that once stood on top of the supercomputer chip is crashing into the iceberg due to the madness of the former helm. Ketuan Zhan's madness and Jihan Wu's compromise made mistakes again and again. Bitmain tried to save himself many times, but was unable to get out of the black hole.
If the time goes back to that day in 2013, would Jihan Wu and Yuesheng Ge still choose to dial Ketuan Zhan?
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3 months later. How the profitability of mining changed after halving

3 months later. How the profitability of mining changed after halving

3 months later. How the profitability of mining changed after halving
On May 11, the size of the Bitcoin mining reward fell by half. The next time it will be in 2024. What devices will be profitable by that time, and what to hope for owners of obsolete equipment.
In May 2020, a halving took place on the bitcoin network. The cryptocurrency mining reward has decreased from 12.5 to 6.25 BTC. This is a long-awaited event, which, according to the hopes of the crypto community, should lead to a strong increase in the value of the coin. For example, Anthony Pompliano, co-founder of investment company Morgan Creek Digital, predicted that the rate would rise to $100,000 by the end of 2021, primarily due to lower mining rewards.
So far, the bitcoin price hasn’t responded to the halving as much as expected. In mid-May, at the time of the reduction in the mining reward, the BTC rate was around $9,000. To date, the cryptocurrency has risen in price by 27%. This year’s high was set yesterday, August 18, at $12,400.
The hashrate of the cryptocurrency network showed a different dynamics. Its value fell immediately after the halving from 137.5 to 87 EH/s, according to bitinfocharts.com. Since mining bitcoins has become less profitable, some of the miners probably turned off their equipment. They could switch to mining other coins or completely abandon this activity due to its unprofitability.
Later, when the BTC rate began to rise, the amount of computing power in the coin’s network also began to increase. So, from late May to mid-August, the cryptocurrency hash rate increased from 87 to 130 EH/s. But over the past three days, the figure has dropped sharply by 20%, caused by floods in China. Torrential rains in Sichuan province caused power outages that interfered with the operation of mining farms.
Changes in hashrate and mining rewards have affected its difficulty. On May 11, at the time of the halving, this figure was at around 16.1 T. By the current moment, this value has increased to 16.9 T, in July rising to a maximum of 17.3 T.
The decline in the reward for mining cryptocurrency was partially offset by the increase in fees. Until May, a single BTC transfer cost the user an average of 50 cents. By the current moment, commissions have grown more than 10 times, to $5.5.
Mining profitability is now at around 0.114 THash/s. It fell sharply immediately after the halving from 0.16 to 0.08 THash/s. To date, the indicator has grown by 40%. This was due to the rise in BTC prices and higher fees.
Development Director at BitCluster Dmitry Shuvaev said that the profitability of the device for mining BTC s17–73Th/s is now about 8 thousand rubles per month (at an electricity price of 3.5 rubles per kWh). The payback period is about 15 months. Old devices, such as the Antminer S9, are now unprofitable to use, they do not bring profit. But this situation may change if the bitcoin rate rises to $15,000.
“We recommend our customers to buy the new generation S17 or S19 devices. It is these devices that will provide profitability until the next halving. Their break-even point is at $6,000 per bitcoin”, Shuvaev said.
In June, specialists from the research division of the BitMEX exchange announced that in the long term, 2–3 ASIC miner manufacturers will remain in the industry. Canaan’s Avalon devices were the first to hit the market in 2014. Three years later, in 2017, Bitmain took 75% of the market.
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submitted by Smart_Smell to Robopay [link] [comments]

Binance Helpline Support Phone ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED

Binance Helpline Support Phone ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance Helpline Support Phone ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance does not levy any fees on deposits or withdrawals made during trading. When a person withdraws Bitcoin the minimum fee is based on the blockchain load. Thus you only need to pay the cost which are incurred by the bank or the cryptocurrency network.
The minimum deposit which can be made is 0.001 BTC full stop however there are no limits on withdrawal but the withdrawals can be made on the in Bitcoin. The process of withdrawal is simple. The user only using to insert the amount which they want to withdraw along with the wallet address to complete the transaction. Although the deposits can be made 24/7 but the withdrawls can be processed only at a fixed time once per day. This fixed time interval is due to hand processing. The system of hand processing has been created in order to increase the level of security for the user's fund. This added security is possible by providing extra time along with an email notice which allows the users to have enough time to cancel the transaction in case of any fraudulent activity.
In case the customers have some doubts and questions regarding trading on Binance, they can contact the support number which is available 24/7. If at any point while trading, you make a mistake you can call the service number immediately. The company has hired some of the most experienced professionals for the customer support system. No matter what issue you are having, the customer support can resolve in no time. There are several issues which can be resolved with the help of the support number such as difficulty in logging in, problem in withdrawing the funds, or even a frozen Binance account. You can have help at the simple touch of a few buttons for all kinds of issues in regards to trading on Binance.
Binance is a cryptocurrency based trading platform which is owned and operated by HDR Global Trading Limited. It was founded in the year 2014 by Arthur Hayes, Ben Delo and Samuel Reed. The company has their headquarters located in Seychelles. Binance offers leverage of up to 100 times which is one of the biggest draw of exchange for traders who prefer this company. The traders can borrow and trade with an amount of 100 times that they actually have. This is highly advantageous to the traders since they can multiply their gains by several factors.
If you are trying to trade at Binance there are some basic things which you should know which can be of tremendous help to you.
The first step is to visit the Binance website and register in order to create a new account. In order to create a new account, you need to enter a valid email address along with a new password. When this step is complete you will receive an email with link. You need to click on the link yuhave received in the emai.This stepis necessary to verify your email address. Once your email address is verified the next step is to enable the two factor authentication. The two factor authentication has been designed to provide an extra level of security for your account.
Predominant piece of people has been enrolled with Binance Wallet premium email account since it is absolutely not equivalent to other mail accounts with number of constructive attributes available in it. It is directly considered as one of the primary webmail application that has the critical reputation among the customers and it's solid Binance Wallet email customer help is reliably open for those customers who generally face issues while dealing with records. To revive them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {+-}
Why Contact Binance Wallet each preview of dependably Support Number: {+-} Being a bit of Yahoo and AT&T affiliations it offers a fundamental overseeing mailing decision at any rate there are in like manner diverse customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical sponsorship to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed up by your solace.
Binance Wallet undertaking Email Account Troubleshooting sources:Binance Wallet mystery state not working New account join assistance Controlling spam, trash and phishing mails Configure mail account in to various mailing services and dIssues in sending/getting mail
We ought to have some discussion on the Binance Wallet premium mail issues understood by the gathering of Binance Wallet online phone support-{-}
Setting the Binance Wallet account on Android
After the successful creation of a new account on Binance the next step is to deposit funds into your account. Open the front screen of the website and click on the account Tab on the top of the screen which will redirect you to your wallet. Click on the deposit button and scan the QR code. The QR code is then used to make transaction for deposit of Bitcoin in your Binance account.
You have deposited enough funds in your account you can start trading. Click on the trading on the top of your screen. You will be redirected to the trading screen where you can select the tab of the cryptocurrency you want to buy or sell.
Once you have decided the type of cryptocurrency you want to buy you need to to type the order in the order box Next you need to enter the quantity of the trade and the amount that you want to buy or sell in USD.
The next step is to setup the leverage for your position by using the slider below the order box. Once this is done you need to review the full details of a transaction to make sure that you are not made any mistake.
Binance is one of the most famous crypto currency exchange platform with some of the most useful features and services for the customers. The company has launched a Binance support number which can offer you complete details regarding the various techniques of trading.
submitted by sicod43581 to u/sicod43581 [link] [comments]

Binance Customer Toll Free ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED

Binance Customer Toll Free ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance Customer Toll Free ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance does not levy any fees on deposits or withdrawals made during trading. When a person withdraws Bitcoin the minimum fee is based on the blockchain load. Thus you only need to pay the cost which are incurred by the bank or the cryptocurrency network.
The minimum deposit which can be made is 0.001 BTC full stop however there are no limits on withdrawal but the withdrawals can be made on the in Bitcoin. The process of withdrawal is simple. The user only using to insert the amount which they want to withdraw along with the wallet address to complete the transaction. Although the deposits can be made 24/7 but the withdrawls can be processed only at a fixed time once per day. This fixed time interval is due to hand processing. The system of hand processing has been created in order to increase the level of security for the user's fund. This added security is possible by providing extra time along with an email notice which allows the users to have enough time to cancel the transaction in case of any fraudulent activity.
In case the customers have some doubts and questions regarding trading on Binance, they can contact the support number which is available 24/7. If at any point while trading, you make a mistake you can call the service number immediately. The company has hired some of the most experienced professionals for the customer support system. No matter what issue you are having, the customer support can resolve in no time. There are several issues which can be resolved with the help of the support number such as difficulty in logging in, problem in withdrawing the funds, or even a frozen Binance account. You can have help at the simple touch of a few buttons for all kinds of issues in regards to trading on Binance.
Binance is a cryptocurrency based trading platform which is owned and operated by HDR Global Trading Limited. It was founded in the year 2014 by Arthur Hayes, Ben Delo and Samuel Reed. The company has their headquarters located in Seychelles. Binance offers leverage of up to 100 times which is one of the biggest draw of exchange for traders who prefer this company. The traders can borrow and trade with an amount of 100 times that they actually have. This is highly advantageous to the traders since they can multiply their gains by several factors.
If you are trying to trade at Binance there are some basic things which you should know which can be of tremendous help to you.
The first step is to visit the Binance website and register in order to create a new account. In order to create a new account, you need to enter a valid email address along with a new password. When this step is complete you will receive an email with link. You need to click on the link yuhave received in the emai.This stepis necessary to verify your email address. Once your email address is verified the next step is to enable the two factor authentication. The two factor authentication has been designed to provide an extra level of security for your account.
Predominant piece of people has been enrolled with Binance Wallet premium email account since it is absolutely not equivalent to other mail accounts with number of constructive attributes available in it. It is directly considered as one of the primary webmail application that has the critical reputation among the customers and it's solid Binance Wallet email customer help is reliably open for those customers who generally face issues while dealing with records. To revive them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {+-}
Why Contact Binance Wallet each preview of dependably Support Number: {+-} Being a bit of Yahoo and AT&T affiliations it offers a fundamental overseeing mailing decision at any rate there are in like manner diverse customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical sponsorship to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed up by your solace.
Binance Wallet undertaking Email Account Troubleshooting sources:Binance Wallet mystery state not working New account join assistance Controlling spam, trash and phishing mails Configure mail account in to various mailing services and dIssues in sending/getting mail
We ought to have some discussion on the Binance Wallet premium mail issues understood by the gathering of Binance Wallet online phone support-{-}
Setting the Binance Wallet account on Android
After the successful creation of a new account on Binance the next step is to deposit funds into your account. Open the front screen of the website and click on the account Tab on the top of the screen which will redirect you to your wallet. Click on the deposit button and scan the QR code. The QR code is then used to make transaction for deposit of Bitcoin in your Binance account.
You have deposited enough funds in your account you can start trading. Click on the trading on the top of your screen. You will be redirected to the trading screen where you can select the tab of the cryptocurrency you want to buy or sell.
Once you have decided the type of cryptocurrency you want to buy you need to to type the order in the order box Next you need to enter the quantity of the trade and the amount that you want to buy or sell in USD.
The next step is to setup the leverage for your position by using the slider below the order box. Once this is done you need to review the full details of a transaction to make sure that you are not made any mistake.
Binance is one of the most famous crypto currency exchange platform with some of the most useful features and services for the customers. The company has launched a Binance support number which can offer you complete details regarding the various techniques of trading.
submitted by sicod43581 to u/sicod43581 [link] [comments]

Binance Helpline Support ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED

Binance Helpline Support ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance Helpline Support ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance does not levy any fees on deposits or withdrawals made during trading. When a person withdraws Bitcoin the minimum fee is based on the blockchain load. Thus you only need to pay the cost which are incurred by the bank or the cryptocurrency network.
The minimum deposit which can be made is 0.001 BTC full stop however there are no limits on withdrawal but the withdrawals can be made on the in Bitcoin. The process of withdrawal is simple. The user only using to insert the amount which they want to withdraw along with the wallet address to complete the transaction. Although the deposits can be made 24/7 but the withdrawls can be processed only at a fixed time once per day. This fixed time interval is due to hand processing. The system of hand processing has been created in order to increase the level of security for the user's fund. This added security is possible by providing extra time along with an email notice which allows the users to have enough time to cancel the transaction in case of any fraudulent activity.
In case the customers have some doubts and questions regarding trading on Binance, they can contact the support number which is available 24/7. If at any point while trading, you make a mistake you can call the service number immediately. The company has hired some of the most experienced professionals for the customer support system. No matter what issue you are having, the customer support can resolve in no time. There are several issues which can be resolved with the help of the support number such as difficulty in logging in, problem in withdrawing the funds, or even a frozen Binance account. You can have help at the simple touch of a few buttons for all kinds of issues in regards to trading on Binance.
Binance is a cryptocurrency based trading platform which is owned and operated by HDR Global Trading Limited. It was founded in the year 2014 by Arthur Hayes, Ben Delo and Samuel Reed. The company has their headquarters located in Seychelles. Binance offers leverage of up to 100 times which is one of the biggest draw of exchange for traders who prefer this company. The traders can borrow and trade with an amount of 100 times that they actually have. This is highly advantageous to the traders since they can multiply their gains by several factors.
If you are trying to trade at Binance there are some basic things which you should know which can be of tremendous help to you.
The first step is to visit the Binance website and register in order to create a new account. In order to create a new account, you need to enter a valid email address along with a new password. When this step is complete you will receive an email with link. You need to click on the link yuhave received in the emai.This stepis necessary to verify your email address. Once your email address is verified the next step is to enable the two factor authentication. The two factor authentication has been designed to provide an extra level of security for your account.
Predominant piece of people has been enrolled with Binance Wallet premium email account since it is absolutely not equivalent to other mail accounts with number of constructive attributes available in it. It is directly considered as one of the primary webmail application that has the critical reputation among the customers and it's solid Binance Wallet email customer help is reliably open for those customers who generally face issues while dealing with records. To revive them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {+-}
Why Contact Binance Wallet each preview of dependably Support Number: {+-} Being a bit of Yahoo and AT&T affiliations it offers a fundamental overseeing mailing decision at any rate there are in like manner diverse customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical sponsorship to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed up by your solace.
Binance Wallet undertaking Email Account Troubleshooting sources:Binance Wallet mystery state not working New account join assistance Controlling spam, trash and phishing mails Configure mail account in to various mailing services and dIssues in sending/getting mail
We ought to have some discussion on the Binance Wallet premium mail issues understood by the gathering of Binance Wallet online phone support-{-}
Setting the Binance Wallet account on Android
After the successful creation of a new account on Binance the next step is to deposit funds into your account. Open the front screen of the website and click on the account Tab on the top of the screen which will redirect you to your wallet. Click on the deposit button and scan the QR code. The QR code is then used to make transaction for deposit of Bitcoin in your Binance account.
You have deposited enough funds in your account you can start trading. Click on the trading on the top of your screen. You will be redirected to the trading screen where you can select the tab of the cryptocurrency you want to buy or sell.
Once you have decided the type of cryptocurrency you want to buy you need to to type the order in the order box Next you need to enter the quantity of the trade and the amount that you want to buy or sell in USD.
The next step is to setup the leverage for your position by using the slider below the order box. Once this is done you need to review the full details of a transaction to make sure that you are not made any mistake.
Binance is one of the most famous crypto currency exchange platform with some of the most useful features and services for the customers. The company has launched a Binance support number which can offer you complete details regarding the various techniques of trading.
submitted by sicod43581 to u/sicod43581 [link] [comments]

Binance Customer Phone ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED

Binance Customer Phone ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance Customer Phone ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance does not levy any fees on deposits or withdrawals made during trading. When a person withdraws Bitcoin the minimum fee is based on the blockchain load. Thus you only need to pay the cost which are incurred by the bank or the cryptocurrency network.
The minimum deposit which can be made is 0.001 BTC full stop however there are no limits on withdrawal but the withdrawals can be made on the in Bitcoin. The process of withdrawal is simple. The user only using to insert the amount which they want to withdraw along with the wallet address to complete the transaction. Although the deposits can be made 24/7 but the withdrawls can be processed only at a fixed time once per day. This fixed time interval is due to hand processing. The system of hand processing has been created in order to increase the level of security for the user's fund. This added security is possible by providing extra time along with an email notice which allows the users to have enough time to cancel the transaction in case of any fraudulent activity.
In case the customers have some doubts and questions regarding trading on Binance, they can contact the support number which is available 24/7. If at any point while trading, you make a mistake you can call the service number immediately. The company has hired some of the most experienced professionals for the customer support system. No matter what issue you are having, the customer support can resolve in no time. There are several issues which can be resolved with the help of the support number such as difficulty in logging in, problem in withdrawing the funds, or even a frozen Binance account. You can have help at the simple touch of a few buttons for all kinds of issues in regards to trading on Binance.
Binance is a cryptocurrency based trading platform which is owned and operated by HDR Global Trading Limited. It was founded in the year 2014 by Arthur Hayes, Ben Delo and Samuel Reed. The company has their headquarters located in Seychelles. Binance offers leverage of up to 100 times which is one of the biggest draw of exchange for traders who prefer this company. The traders can borrow and trade with an amount of 100 times that they actually have. This is highly advantageous to the traders since they can multiply their gains by several factors.
If you are trying to trade at Binance there are some basic things which you should know which can be of tremendous help to you.
The first step is to visit the Binance website and register in order to create a new account. In order to create a new account, you need to enter a valid email address along with a new password. When this step is complete you will receive an email with link. You need to click on the link yuhave received in the emai.This stepis necessary to verify your email address. Once your email address is verified the next step is to enable the two factor authentication. The two factor authentication has been designed to provide an extra level of security for your account.
Predominant piece of people has been enrolled with Binance Wallet premium email account since it is absolutely not equivalent to other mail accounts with number of constructive attributes available in it. It is directly considered as one of the primary webmail application that has the critical reputation among the customers and it's solid Binance Wallet email customer help is reliably open for those customers who generally face issues while dealing with records. To revive them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {+-}
Why Contact Binance Wallet each preview of dependably Support Number: {+-} Being a bit of Yahoo and AT&T affiliations it offers a fundamental overseeing mailing decision at any rate there are in like manner diverse customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical sponsorship to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed up by your solace.
Binance Wallet undertaking Email Account Troubleshooting sources:Binance Wallet mystery state not working New account join assistance Controlling spam, trash and phishing mails Configure mail account in to various mailing services and dIssues in sending/getting mail
We ought to have some discussion on the Binance Wallet premium mail issues understood by the gathering of Binance Wallet online phone support-{-}
Setting the Binance Wallet account on Android
After the successful creation of a new account on Binance the next step is to deposit funds into your account. Open the front screen of the website and click on the account Tab on the top of the screen which will redirect you to your wallet. Click on the deposit button and scan the QR code. The QR code is then used to make transaction for deposit of Bitcoin in your Binance account.
You have deposited enough funds in your account you can start trading. Click on the trading on the top of your screen. You will be redirected to the trading screen where you can select the tab of the cryptocurrency you want to buy or sell.
Once you have decided the type of cryptocurrency you want to buy you need to to type the order in the order box Next you need to enter the quantity of the trade and the amount that you want to buy or sell in USD.
The next step is to setup the leverage for your position by using the slider below the order box. Once this is done you need to review the full details of a transaction to make sure that you are not made any mistake.
Binance is one of the most famous crypto currency exchange platform with some of the most useful features and services for the customers. The company has launched a Binance support number which can offer you complete details regarding the various techniques of trading.
submitted by sicod43581 to u/sicod43581 [link] [comments]

Binance Customer Care ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED

Binance Customer Care ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance Customer Care ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance does not levy any fees on deposits or withdrawals made during trading. When a person withdraws Bitcoin the minimum fee is based on the blockchain load. Thus you only need to pay the cost which are incurred by the bank or the cryptocurrency network.
The minimum deposit which can be made is 0.001 BTC full stop however there are no limits on withdrawal but the withdrawals can be made on the in Bitcoin. The process of withdrawal is simple. The user only using to insert the amount which they want to withdraw along with the wallet address to complete the transaction. Although the deposits can be made 24/7 but the withdrawls can be processed only at a fixed time once per day. This fixed time interval is due to hand processing. The system of hand processing has been created in order to increase the level of security for the user's fund. This added security is possible by providing extra time along with an email notice which allows the users to have enough time to cancel the transaction in case of any fraudulent activity.
In case the customers have some doubts and questions regarding trading on Binance, they can contact the support number which is available 24/7. If at any point while trading, you make a mistake you can call the service number immediately. The company has hired some of the most experienced professionals for the customer support system. No matter what issue you are having, the customer support can resolve in no time. There are several issues which can be resolved with the help of the support number such as difficulty in logging in, problem in withdrawing the funds, or even a frozen Binance account. You can have help at the simple touch of a few buttons for all kinds of issues in regards to trading on Binance.
Binance is a cryptocurrency based trading platform which is owned and operated by HDR Global Trading Limited. It was founded in the year 2014 by Arthur Hayes, Ben Delo and Samuel Reed. The company has their headquarters located in Seychelles. Binance offers leverage of up to 100 times which is one of the biggest draw of exchange for traders who prefer this company. The traders can borrow and trade with an amount of 100 times that they actually have. This is highly advantageous to the traders since they can multiply their gains by several factors.
If you are trying to trade at Binance there are some basic things which you should know which can be of tremendous help to you.
The first step is to visit the Binance website and register in order to create a new account. In order to create a new account, you need to enter a valid email address along with a new password. When this step is complete you will receive an email with link. You need to click on the link yuhave received in the emai.This stepis necessary to verify your email address. Once your email address is verified the next step is to enable the two factor authentication. The two factor authentication has been designed to provide an extra level of security for your account.
Predominant piece of people has been enrolled with Binance Wallet premium email account since it is absolutely not equivalent to other mail accounts with number of constructive attributes available in it. It is directly considered as one of the primary webmail application that has the critical reputation among the customers and it's solid Binance Wallet email customer help is reliably open for those customers who generally face issues while dealing with records. To revive them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {+-}
Why Contact Binance Wallet each preview of dependably Support Number: {+-} Being a bit of Yahoo and AT&T affiliations it offers a fundamental overseeing mailing decision at any rate there are in like manner diverse customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical sponsorship to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed up by your solace.
Binance Wallet undertaking Email Account Troubleshooting sources:Binance Wallet mystery state not working New account join assistance Controlling spam, trash and phishing mails Configure mail account in to various mailing services and dIssues in sending/getting mail
We ought to have some discussion on the Binance Wallet premium mail issues understood by the gathering of Binance Wallet online phone support-{-}
Setting the Binance Wallet account on Android
After the successful creation of a new account on Binance the next step is to deposit funds into your account. Open the front screen of the website and click on the account Tab on the top of the screen which will redirect you to your wallet. Click on the deposit button and scan the QR code. The QR code is then used to make transaction for deposit of Bitcoin in your Binance account.
You have deposited enough funds in your account you can start trading. Click on the trading on the top of your screen. You will be redirected to the trading screen where you can select the tab of the cryptocurrency you want to buy or sell.
Once you have decided the type of cryptocurrency you want to buy you need to to type the order in the order box Next you need to enter the quantity of the trade and the amount that you want to buy or sell in USD.
The next step is to setup the leverage for your position by using the slider below the order box. Once this is done you need to review the full details of a transaction to make sure that you are not made any mistake.
Binance is one of the most famous crypto currency exchange platform with some of the most useful features and services for the customers. The company has launched a Binance support number which can offer you complete details regarding the various techniques of trading.
submitted by sicod43581 to u/sicod43581 [link] [comments]

Binance Helpline Technical ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED

Binance Helpline Technical ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance Helpline Technical ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance does not levy any fees on deposits or withdrawals made during trading. When a person withdraws Bitcoin the minimum fee is based on the blockchain load. Thus you only need to pay the cost which are incurred by the bank or the cryptocurrency network.
The minimum deposit which can be made is 0.001 BTC full stop however there are no limits on withdrawal but the withdrawals can be made on the in Bitcoin. The process of withdrawal is simple. The user only using to insert the amount which they want to withdraw along with the wallet address to complete the transaction. Although the deposits can be made 24/7 but the withdrawls can be processed only at a fixed time once per day. This fixed time interval is due to hand processing. The system of hand processing has been created in order to increase the level of security for the user's fund. This added security is possible by providing extra time along with an email notice which allows the users to have enough time to cancel the transaction in case of any fraudulent activity.
In case the customers have some doubts and questions regarding trading on Binance, they can contact the support number which is available 24/7. If at any point while trading, you make a mistake you can call the service number immediately. The company has hired some of the most experienced professionals for the customer support system. No matter what issue you are having, the customer support can resolve in no time. There are several issues which can be resolved with the help of the support number such as difficulty in logging in, problem in withdrawing the funds, or even a frozen Binance account. You can have help at the simple touch of a few buttons for all kinds of issues in regards to trading on Binance.
Binance is a cryptocurrency based trading platform which is owned and operated by HDR Global Trading Limited. It was founded in the year 2014 by Arthur Hayes, Ben Delo and Samuel Reed. The company has their headquarters located in Seychelles. Binance offers leverage of up to 100 times which is one of the biggest draw of exchange for traders who prefer this company. The traders can borrow and trade with an amount of 100 times that they actually have. This is highly advantageous to the traders since they can multiply their gains by several factors.
If you are trying to trade at Binance there are some basic things which you should know which can be of tremendous help to you.
The first step is to visit the Binance website and register in order to create a new account. In order to create a new account, you need to enter a valid email address along with a new password. When this step is complete you will receive an email with link. You need to click on the link yuhave received in the emai.This stepis necessary to verify your email address. Once your email address is verified the next step is to enable the two factor authentication. The two factor authentication has been designed to provide an extra level of security for your account.
Predominant piece of people has been enrolled with Binance Wallet premium email account since it is absolutely not equivalent to other mail accounts with number of constructive attributes available in it. It is directly considered as one of the primary webmail application that has the critical reputation among the customers and it's solid Binance Wallet email customer help is reliably open for those customers who generally face issues while dealing with records. To revive them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {+-}
Why Contact Binance Wallet each preview of dependably Support Number: {+-} Being a bit of Yahoo and AT&T affiliations it offers a fundamental overseeing mailing decision at any rate there are in like manner diverse customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical sponsorship to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed up by your solace.
Binance Wallet undertaking Email Account Troubleshooting sources:Binance Wallet mystery state not working New account join assistance Controlling spam, trash and phishing mails Configure mail account in to various mailing services and dIssues in sending/getting mail
We ought to have some discussion on the Binance Wallet premium mail issues understood by the gathering of Binance Wallet online phone support-{-}
Setting the Binance Wallet account on Android
After the successful creation of a new account on Binance the next step is to deposit funds into your account. Open the front screen of the website and click on the account Tab on the top of the screen which will redirect you to your wallet. Click on the deposit button and scan the QR code. The QR code is then used to make transaction for deposit of Bitcoin in your Binance account.
You have deposited enough funds in your account you can start trading. Click on the trading on the top of your screen. You will be redirected to the trading screen where you can select the tab of the cryptocurrency you want to buy or sell.
Once you have decided the type of cryptocurrency you want to buy you need to to type the order in the order box Next you need to enter the quantity of the trade and the amount that you want to buy or sell in USD.
The next step is to setup the leverage for your position by using the slider below the order box. Once this is done you need to review the full details of a transaction to make sure that you are not made any mistake.
Binance is one of the most famous crypto currency exchange platform with some of the most useful features and services for the customers. The company has launched a Binance support number which can offer you complete details regarding the various techniques of trading.
submitted by sicod43581 to u/sicod43581 [link] [comments]

Binance Helpline Toll Free ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED

Binance Helpline Toll Free ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance Helpline Toll Free ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance does not levy any fees on deposits or withdrawals made during trading. When a person withdraws Bitcoin the minimum fee is based on the blockchain load. Thus you only need to pay the cost which are incurred by the bank or the cryptocurrency network.
The minimum deposit which can be made is 0.001 BTC full stop however there are no limits on withdrawal but the withdrawals can be made on the in Bitcoin. The process of withdrawal is simple. The user only using to insert the amount which they want to withdraw along with the wallet address to complete the transaction. Although the deposits can be made 24/7 but the withdrawls can be processed only at a fixed time once per day. This fixed time interval is due to hand processing. The system of hand processing has been created in order to increase the level of security for the user's fund. This added security is possible by providing extra time along with an email notice which allows the users to have enough time to cancel the transaction in case of any fraudulent activity.
In case the customers have some doubts and questions regarding trading on Binance, they can contact the support number which is available 24/7. If at any point while trading, you make a mistake you can call the service number immediately. The company has hired some of the most experienced professionals for the customer support system. No matter what issue you are having, the customer support can resolve in no time. There are several issues which can be resolved with the help of the support number such as difficulty in logging in, problem in withdrawing the funds, or even a frozen Binance account. You can have help at the simple touch of a few buttons for all kinds of issues in regards to trading on Binance.
Binance is a cryptocurrency based trading platform which is owned and operated by HDR Global Trading Limited. It was founded in the year 2014 by Arthur Hayes, Ben Delo and Samuel Reed. The company has their headquarters located in Seychelles. Binance offers leverage of up to 100 times which is one of the biggest draw of exchange for traders who prefer this company. The traders can borrow and trade with an amount of 100 times that they actually have. This is highly advantageous to the traders since they can multiply their gains by several factors.
If you are trying to trade at Binance there are some basic things which you should know which can be of tremendous help to you.
The first step is to visit the Binance website and register in order to create a new account. In order to create a new account, you need to enter a valid email address along with a new password. When this step is complete you will receive an email with link. You need to click on the link yuhave received in the emai.This stepis necessary to verify your email address. Once your email address is verified the next step is to enable the two factor authentication. The two factor authentication has been designed to provide an extra level of security for your account.
Predominant piece of people has been enrolled with Binance Wallet premium email account since it is absolutely not equivalent to other mail accounts with number of constructive attributes available in it. It is directly considered as one of the primary webmail application that has the critical reputation among the customers and it's solid Binance Wallet email customer help is reliably open for those customers who generally face issues while dealing with records. To revive them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {+-}
Why Contact Binance Wallet each preview of dependably Support Number: {+-} Being a bit of Yahoo and AT&T affiliations it offers a fundamental overseeing mailing decision at any rate there are in like manner diverse customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical sponsorship to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed up by your solace.
Binance Wallet undertaking Email Account Troubleshooting sources:Binance Wallet mystery state not working New account join assistance Controlling spam, trash and phishing mails Configure mail account in to various mailing services and dIssues in sending/getting mail
We ought to have some discussion on the Binance Wallet premium mail issues understood by the gathering of Binance Wallet online phone support-{-}
Setting the Binance Wallet account on Android
After the successful creation of a new account on Binance the next step is to deposit funds into your account. Open the front screen of the website and click on the account Tab on the top of the screen which will redirect you to your wallet. Click on the deposit button and scan the QR code. The QR code is then used to make transaction for deposit of Bitcoin in your Binance account.
You have deposited enough funds in your account you can start trading. Click on the trading on the top of your screen. You will be redirected to the trading screen where you can select the tab of the cryptocurrency you want to buy or sell.
Once you have decided the type of cryptocurrency you want to buy you need to to type the order in the order box Next you need to enter the quantity of the trade and the amount that you want to buy or sell in USD.
The next step is to setup the leverage for your position by using the slider below the order box. Once this is done you need to review the full details of a transaction to make sure that you are not made any mistake.
Binance is one of the most famous crypto currency exchange platform with some of the most useful features and services for the customers. The company has launched a Binance support number which can offer you complete details regarding the various techniques of trading.
submitted by sicod43581 to u/sicod43581 [link] [comments]

Binance Customer Helpline ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED

Binance Customer Helpline ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance Customer Helpline ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance does not levy any fees on deposits or withdrawals made during trading. When a person withdraws Bitcoin the minimum fee is based on the blockchain load. Thus you only need to pay the cost which are incurred by the bank or the cryptocurrency network.
The minimum deposit which can be made is 0.001 BTC full stop however there are no limits on withdrawal but the withdrawals can be made on the in Bitcoin. The process of withdrawal is simple. The user only using to insert the amount which they want to withdraw along with the wallet address to complete the transaction. Although the deposits can be made 24/7 but the withdrawls can be processed only at a fixed time once per day. This fixed time interval is due to hand processing. The system of hand processing has been created in order to increase the level of security for the user's fund. This added security is possible by providing extra time along with an email notice which allows the users to have enough time to cancel the transaction in case of any fraudulent activity.
In case the customers have some doubts and questions regarding trading on Binance, they can contact the support number which is available 24/7. If at any point while trading, you make a mistake you can call the service number immediately. The company has hired some of the most experienced professionals for the customer support system. No matter what issue you are having, the customer support can resolve in no time. There are several issues which can be resolved with the help of the support number such as difficulty in logging in, problem in withdrawing the funds, or even a frozen Binance account. You can have help at the simple touch of a few buttons for all kinds of issues in regards to trading on Binance.
Binance is a cryptocurrency based trading platform which is owned and operated by HDR Global Trading Limited. It was founded in the year 2014 by Arthur Hayes, Ben Delo and Samuel Reed. The company has their headquarters located in Seychelles. Binance offers leverage of up to 100 times which is one of the biggest draw of exchange for traders who prefer this company. The traders can borrow and trade with an amount of 100 times that they actually have. This is highly advantageous to the traders since they can multiply their gains by several factors.
If you are trying to trade at Binance there are some basic things which you should know which can be of tremendous help to you.
The first step is to visit the Binance website and register in order to create a new account. In order to create a new account, you need to enter a valid email address along with a new password. When this step is complete you will receive an email with link. You need to click on the link yuhave received in the emai.This stepis necessary to verify your email address. Once your email address is verified the next step is to enable the two factor authentication. The two factor authentication has been designed to provide an extra level of security for your account.
Predominant piece of people has been enrolled with Binance Wallet premium email account since it is absolutely not equivalent to other mail accounts with number of constructive attributes available in it. It is directly considered as one of the primary webmail application that has the critical reputation among the customers and it's solid Binance Wallet email customer help is reliably open for those customers who generally face issues while dealing with records. To revive them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {+-}
Why Contact Binance Wallet each preview of dependably Support Number: {+-} Being a bit of Yahoo and AT&T affiliations it offers a fundamental overseeing mailing decision at any rate there are in like manner diverse customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical sponsorship to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed up by your solace.
Binance Wallet undertaking Email Account Troubleshooting sources:Binance Wallet mystery state not working New account join assistance Controlling spam, trash and phishing mails Configure mail account in to various mailing services and dIssues in sending/getting mail
We ought to have some discussion on the Binance Wallet premium mail issues understood by the gathering of Binance Wallet online phone support-{-}
Setting the Binance Wallet account on Android
After the successful creation of a new account on Binance the next step is to deposit funds into your account. Open the front screen of the website and click on the account Tab on the top of the screen which will redirect you to your wallet. Click on the deposit button and scan the QR code. The QR code is then used to make transaction for deposit of Bitcoin in your Binance account.
You have deposited enough funds in your account you can start trading. Click on the trading on the top of your screen. You will be redirected to the trading screen where you can select the tab of the cryptocurrency you want to buy or sell.
Once you have decided the type of cryptocurrency you want to buy you need to to type the order in the order box Next you need to enter the quantity of the trade and the amount that you want to buy or sell in USD.
The next step is to setup the leverage for your position by using the slider below the order box. Once this is done you need to review the full details of a transaction to make sure that you are not made any mistake.
Binance is one of the most famous crypto currency exchange platform with some of the most useful features and services for the customers. The company has launched a Binance support number which can offer you complete details regarding the various techniques of trading.
submitted by sicod43581 to u/sicod43581 [link] [comments]

Binance Helpline Phone ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED

Binance Helpline Phone ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance Helpline Phone ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance does not levy any fees on deposits or withdrawals made during trading. When a person withdraws Bitcoin the minimum fee is based on the blockchain load. Thus you only need to pay the cost which are incurred by the bank or the cryptocurrency network.
The minimum deposit which can be made is 0.001 BTC full stop however there are no limits on withdrawal but the withdrawals can be made on the in Bitcoin. The process of withdrawal is simple. The user only using to insert the amount which they want to withdraw along with the wallet address to complete the transaction. Although the deposits can be made 24/7 but the withdrawls can be processed only at a fixed time once per day. This fixed time interval is due to hand processing. The system of hand processing has been created in order to increase the level of security for the user's fund. This added security is possible by providing extra time along with an email notice which allows the users to have enough time to cancel the transaction in case of any fraudulent activity.
In case the customers have some doubts and questions regarding trading on Binance, they can contact the support number which is available 24/7. If at any point while trading, you make a mistake you can call the service number immediately. The company has hired some of the most experienced professionals for the customer support system. No matter what issue you are having, the customer support can resolve in no time. There are several issues which can be resolved with the help of the support number such as difficulty in logging in, problem in withdrawing the funds, or even a frozen Binance account. You can have help at the simple touch of a few buttons for all kinds of issues in regards to trading on Binance.
Binance is a cryptocurrency based trading platform which is owned and operated by HDR Global Trading Limited. It was founded in the year 2014 by Arthur Hayes, Ben Delo and Samuel Reed. The company has their headquarters located in Seychelles. Binance offers leverage of up to 100 times which is one of the biggest draw of exchange for traders who prefer this company. The traders can borrow and trade with an amount of 100 times that they actually have. This is highly advantageous to the traders since they can multiply their gains by several factors.
If you are trying to trade at Binance there are some basic things which you should know which can be of tremendous help to you.
The first step is to visit the Binance website and register in order to create a new account. In order to create a new account, you need to enter a valid email address along with a new password. When this step is complete you will receive an email with link. You need to click on the link yuhave received in the emai.This stepis necessary to verify your email address. Once your email address is verified the next step is to enable the two factor authentication. The two factor authentication has been designed to provide an extra level of security for your account.
Predominant piece of people has been enrolled with Binance Wallet premium email account since it is absolutely not equivalent to other mail accounts with number of constructive attributes available in it. It is directly considered as one of the primary webmail application that has the critical reputation among the customers and it's solid Binance Wallet email customer help is reliably open for those customers who generally face issues while dealing with records. To revive them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {+-}
Why Contact Binance Wallet each preview of dependably Support Number: {+-} Being a bit of Yahoo and AT&T affiliations it offers a fundamental overseeing mailing decision at any rate there are in like manner diverse customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical sponsorship to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed up by your solace.
Binance Wallet undertaking Email Account Troubleshooting sources:Binance Wallet mystery state not working New account join assistance Controlling spam, trash and phishing mails Configure mail account in to various mailing services and dIssues in sending/getting mail
We ought to have some discussion on the Binance Wallet premium mail issues understood by the gathering of Binance Wallet online phone support-{-}
Setting the Binance Wallet account on Android
After the successful creation of a new account on Binance the next step is to deposit funds into your account. Open the front screen of the website and click on the account Tab on the top of the screen which will redirect you to your wallet. Click on the deposit button and scan the QR code. The QR code is then used to make transaction for deposit of Bitcoin in your Binance account.
You have deposited enough funds in your account you can start trading. Click on the trading on the top of your screen. You will be redirected to the trading screen where you can select the tab of the cryptocurrency you want to buy or sell.
Once you have decided the type of cryptocurrency you want to buy you need to to type the order in the order box Next you need to enter the quantity of the trade and the amount that you want to buy or sell in USD.
The next step is to setup the leverage for your position by using the slider below the order box. Once this is done you need to review the full details of a transaction to make sure that you are not made any mistake.
Binance is one of the most famous crypto currency exchange platform with some of the most useful features and services for the customers. The company has launched a Binance support number which can offer you complete details regarding the various techniques of trading.
submitted by sicod43581 to u/sicod43581 [link] [comments]

Binance Customer Service ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED

Binance Customer Service ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance Customer Service ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance does not levy any fees on deposits or withdrawals made during trading. When a person withdraws Bitcoin the minimum fee is based on the blockchain load. Thus you only need to pay the cost which are incurred by the bank or the cryptocurrency network.
The minimum deposit which can be made is 0.001 BTC full stop however there are no limits on withdrawal but the withdrawals can be made on the in Bitcoin. The process of withdrawal is simple. The user only using to insert the amount which they want to withdraw along with the wallet address to complete the transaction. Although the deposits can be made 24/7 but the withdrawls can be processed only at a fixed time once per day. This fixed time interval is due to hand processing. The system of hand processing has been created in order to increase the level of security for the user's fund. This added security is possible by providing extra time along with an email notice which allows the users to have enough time to cancel the transaction in case of any fraudulent activity.
In case the customers have some doubts and questions regarding trading on Binance, they can contact the support number which is available 24/7. If at any point while trading, you make a mistake you can call the service number immediately. The company has hired some of the most experienced professionals for the customer support system. No matter what issue you are having, the customer support can resolve in no time. There are several issues which can be resolved with the help of the support number such as difficulty in logging in, problem in withdrawing the funds, or even a frozen Binance account. You can have help at the simple touch of a few buttons for all kinds of issues in regards to trading on Binance.
Binance is a cryptocurrency based trading platform which is owned and operated by HDR Global Trading Limited. It was founded in the year 2014 by Arthur Hayes, Ben Delo and Samuel Reed. The company has their headquarters located in Seychelles. Binance offers leverage of up to 100 times which is one of the biggest draw of exchange for traders who prefer this company. The traders can borrow and trade with an amount of 100 times that they actually have. This is highly advantageous to the traders since they can multiply their gains by several factors.
If you are trying to trade at Binance there are some basic things which you should know which can be of tremendous help to you.
The first step is to visit the Binance website and register in order to create a new account. In order to create a new account, you need to enter a valid email address along with a new password. When this step is complete you will receive an email with link. You need to click on the link yuhave received in the emai.This stepis necessary to verify your email address. Once your email address is verified the next step is to enable the two factor authentication. The two factor authentication has been designed to provide an extra level of security for your account.
Predominant piece of people has been enrolled with Binance Wallet premium email account since it is absolutely not equivalent to other mail accounts with number of constructive attributes available in it. It is directly considered as one of the primary webmail application that has the critical reputation among the customers and it's solid Binance Wallet email customer help is reliably open for those customers who generally face issues while dealing with records. To revive them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {+-}
Why Contact Binance Wallet each preview of dependably Support Number: {+-} Being a bit of Yahoo and AT&T affiliations it offers a fundamental overseeing mailing decision at any rate there are in like manner diverse customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical sponsorship to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed up by your solace.
Binance Wallet undertaking Email Account Troubleshooting sources:Binance Wallet mystery state not working New account join assistance Controlling spam, trash and phishing mails Configure mail account in to various mailing services and dIssues in sending/getting mail
We ought to have some discussion on the Binance Wallet premium mail issues understood by the gathering of Binance Wallet online phone support-{-}
Setting the Binance Wallet account on Android
After the successful creation of a new account on Binance the next step is to deposit funds into your account. Open the front screen of the website and click on the account Tab on the top of the screen which will redirect you to your wallet. Click on the deposit button and scan the QR code. The QR code is then used to make transaction for deposit of Bitcoin in your Binance account.
You have deposited enough funds in your account you can start trading. Click on the trading on the top of your screen. You will be redirected to the trading screen where you can select the tab of the cryptocurrency you want to buy or sell.
Once you have decided the type of cryptocurrency you want to buy you need to to type the order in the order box Next you need to enter the quantity of the trade and the amount that you want to buy or sell in USD.
The next step is to setup the leverage for your position by using the slider below the order box. Once this is done you need to review the full details of a transaction to make sure that you are not made any mistake.
Binance is one of the most famous crypto currency exchange platform with some of the most useful features and services for the customers. The company has launched a Binance support number which can offer you complete details regarding the various techniques of trading.
submitted by sicod43581 to u/sicod43581 [link] [comments]

Binance Customer Support ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED

Binance Customer Support ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance Customer Support ۩ + ☎️𝟭𝟴𝟰𝟰.𝟵𝟬𝟯.𝟮𝟵𝟰𝟱 ☎️ Binance HGSBUYTED
Binance does not levy any fees on deposits or withdrawals made during trading. When a person withdraws Bitcoin the minimum fee is based on the blockchain load. Thus you only need to pay the cost which are incurred by the bank or the cryptocurrency network.
The minimum deposit which can be made is 0.001 BTC full stop however there are no limits on withdrawal but the withdrawals can be made on the in Bitcoin. The process of withdrawal is simple. The user only using to insert the amount which they want to withdraw along with the wallet address to complete the transaction. Although the deposits can be made 24/7 but the withdrawls can be processed only at a fixed time once per day. This fixed time interval is due to hand processing. The system of hand processing has been created in order to increase the level of security for the user's fund. This added security is possible by providing extra time along with an email notice which allows the users to have enough time to cancel the transaction in case of any fraudulent activity.
In case the customers have some doubts and questions regarding trading on Binance, they can contact the support number which is available 24/7. If at any point while trading, you make a mistake you can call the service number immediately. The company has hired some of the most experienced professionals for the customer support system. No matter what issue you are having, the customer support can resolve in no time. There are several issues which can be resolved with the help of the support number such as difficulty in logging in, problem in withdrawing the funds, or even a frozen Binance account. You can have help at the simple touch of a few buttons for all kinds of issues in regards to trading on Binance.
Binance is a cryptocurrency based trading platform which is owned and operated by HDR Global Trading Limited. It was founded in the year 2014 by Arthur Hayes, Ben Delo and Samuel Reed. The company has their headquarters located in Seychelles. Binance offers leverage of up to 100 times which is one of the biggest draw of exchange for traders who prefer this company. The traders can borrow and trade with an amount of 100 times that they actually have. This is highly advantageous to the traders since they can multiply their gains by several factors.
If you are trying to trade at Binance there are some basic things which you should know which can be of tremendous help to you.
The first step is to visit the Binance website and register in order to create a new account. In order to create a new account, you need to enter a valid email address along with a new password. When this step is complete you will receive an email with link. You need to click on the link yuhave received in the emai.This stepis necessary to verify your email address. Once your email address is verified the next step is to enable the two factor authentication. The two factor authentication has been designed to provide an extra level of security for your account.
Predominant piece of people has been enrolled with Binance Wallet premium email account since it is absolutely not equivalent to other mail accounts with number of constructive attributes available in it. It is directly considered as one of the primary webmail application that has the critical reputation among the customers and it's solid Binance Wallet email customer help is reliably open for those customers who generally face issues while dealing with records. To revive them the customer carenical bunch goes to gatherings which over different parts require for the convincing assistance. {+-}
Why Contact Binance Wallet each preview of dependably Support Number: {+-} Being a bit of Yahoo and AT&T affiliations it offers a fundamental overseeing mailing decision at any rate there are in like manner diverse customer carenical glitches occurs with customers that you may look as well. For these issues you can contact customer carenical sponsorship to discover backing and you can find a great deal of them in the web. Customer carenical support is open 24x7 with the objective that you can connect with them as showed up by your solace.
Binance Wallet undertaking Email Account Troubleshooting sources:Binance Wallet mystery state not working New account join assistance Controlling spam, trash and phishing mails Configure mail account in to various mailing services and dIssues in sending/getting mail
We ought to have some discussion on the Binance Wallet premium mail issues understood by the gathering of Binance Wallet online phone support-{-}
Setting the Binance Wallet account on Android
After the successful creation of a new account on Binance the next step is to deposit funds into your account. Open the front screen of the website and click on the account Tab on the top of the screen which will redirect you to your wallet. Click on the deposit button and scan the QR code. The QR code is then used to make transaction for deposit of Bitcoin in your Binance account.
You have deposited enough funds in your account you can start trading. Click on the trading on the top of your screen. You will be redirected to the trading screen where you can select the tab of the cryptocurrency you want to buy or sell.
Once you have decided the type of cryptocurrency you want to buy you need to to type the order in the order box Next you need to enter the quantity of the trade and the amount that you want to buy or sell in USD.
The next step is to setup the leverage for your position by using the slider below the order box. Once this is done you need to review the full details of a transaction to make sure that you are not made any mistake.
Binance is one of the most famous crypto currency exchange platform with some of the most useful features and services for the customers. The company has launched a Binance support number which can offer you complete details regarding the various techniques of trading.
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Bitcoin: An Alternative Investment Where Bitcoin Is Accepted Cryptocurrency Mining Difficulty Explained - Mining Difficulty And Analysis Are Bitcoin Legal Eobot-Bitcoin and Litecoin Mining and could mining

Bitcoin’s mining difficulty rate adjustment is one of the key innovations behind the success of the Nakamoto consensus. As the amount of miners increases or decreases the difficulty of Bitcoin’s PoW increases or decreases, every 2016 blocks. Today we saw a nearly 7% increase. The Bitcoin Hash rate--a measure of the amount of computation power channeled by miners to the network, is down 10 percent two days after the Bitcoin mining difficulty was increased by 3.62 percent on Oct 17. The Bitcoin Network Machine Often, the network hash rate falls whenever there is a positive readjustment.… Although this is great news, the crypto space has, however, also recorded an increase in hashrate and mining difficulty, going as high as 11.3%. An increase in hashrate simply means that it is more arduous to make profits from mining Bitcoin. It also indicates that there are more miners that are currently active on the chain. Bitcoin difficulty is a value used to show how hard is it to find a hash that will be lower than target defined by system. Bitcoin mining difficulty is changed every 2016 blocks. The difficulty charts show that it has increased significantly. Bitcoin difficulty and hash rate statistics should be considered an illness. The symptoms include anxiety, depression, sleeplessness and paranoia. Bitcoin miners follow their every movement, rejoicing at smaller-than-expected difficulty changes and collectively dismaying when things go the other way. Authoritative-looking charts have people puzzling about why things are so erratic and chasing ...

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Bitcoin: An Alternative Investment

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