Bitcoin mining might seem like a pointless exercise in solving zeros and ones, but it is the first industry to develop 7nm chips, beating governments and giant corporations in the process. To tell their story, what follows is an astonishing Chinese article that has been very roughly translated from Chinese with little modification. It tells the story of the bitcoin mining industry in China ... I am Ngzhang, the founder of Avalon Project and the CEO of Canaan Creative Co. Avalon project released the world's first Bitcoin Mining ASIC chip(A3256) and Machine(Avalon1), and spread mining machines to the community. I regrouped the team in Beijing and found the company -- Canaan Creative in Sep 2013 and begun to take full responsibility of the Avalon Project. Up to now, we are still making ... The China-based miner giant Canaan Creative on July 31 released its latest products – a TV set with built-in bitcoin mining chips and a 30T miner. Canaan, or Jiananyunzhi (“嘉楠耘智” in Chinese), was founded in April 2013 in Hangzhou by Zhang Nangeng, aka NgZhang. 他最早开发出了FPGA矿机，因此他在论坛中自称是“NGZhang”，所以大家就调侃称他为“南瓜张”。 在2013年的时候，南瓜张成立了公司。2013年是波澜壮阔的一年。国内第一批关注区块链和数字货币的人都是在2013年成长起来的，比如嘉楠科技、火币、OK以及巴比特，如今这些公司都是行业化石级的公司 ... 8BTCNews is set to bridge the blockchain development between China and abroad. The development of Chinese blockchain industry will be updated regularly to help the Chinese blockchain startups to gain access to the overseas market. Also 8btc is seeking to help foreign blockchain-related projects to grow their business and community in China. Also to promote the new mining machine developed, Zhang Nangeng often appeared on the Bitcoin discussion board bitcointalk with the ID of “ngzhang”. Gradually, pumpkin Zhang grew to become famous in the circle. According to the normal development path, the road after Zhang Nangeng should be graduation and work. But one incident prompted Zhang Nangeng to embark on another path-entrepreneurship.
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