A low-key planner, Bitmain is aggressively involved in the entire industry chain

     According to Bitcoin Home, Bitmain officially launched the Android version of the Bitcoin wallet "BTC Wallet" on September 24, 2015, and began to lay out the downstream digital currency industry chain.

  Low profile

It is understood that Bitmain is regarded as the most profitable company by many insiders. Its different versions of Antminer have become the first choice for retail investors and large mining factories, and are sold at home and abroad. Bitmain is a Chinese IC design company founded in early 2013, focusing on the research, development and sales of Bitcoin-specific mining chips and mining machines. CEO Wu Jihan is known as the "Bitcoin evangelist" and one of the most mysterious figures in the currency circle. Li Yingfei, a core team member, quit his job for Bitcoin in 2012 and became a professional miner. In 2013, he joined the Bitmain team and became the company's main operator.

Wu Jihan

Li Yingfei

On September 2, 2014, Bitmain announced the official acquisition of HASHNEST.COM, ushering in the era of cloud mining. The acquisition of HASHNEST marked the beginning of Bitmain's layout of the entire production chain. On November 14, 2014, Bitmain launched Antpool, which currently accounts for 17.65% of the total network computing power, second only to F2Pool. On September 8, 2015, Bitmain participated in the China-Arab Expo held in Ningxia with Antminer (S7). It is understood that Antminer lists Middle Eastern countries as its main sales market, taking the lead in mining by local tycoons.

Bitmain booth at China-Arab Expo

Wild Growth

On August 12, 2015, Bitmain launched the computing power financial management product PACMIC V3. So far, Bitmain has basically completed the complete layout of the upstream industry chain. According to the author's speculation, Bitmain has accumulated a large number of active users through upstream and downstream links. Whether in terms of product quality or the company's brand influence, its strength should not be underestimated. If Bitmain may subsequently get involved in midstream links such as Bitcoin transactions and communities, it will have a significant impact on the existing industry market structure.

Ant Router

    As one of the most famous digital currency service providers in the digital currency circle, Bitmain will never be satisfied with just one circle. It is very likely that it will use the digital currency industry as a starting point to get involved in multiple industries, thereby gradually transforming into a powerful hardware technology company. The mining machines above the S4 model launched by Bitmain not only pay attention to the quality of the software and hardware of the product itself, but also put a lot of effort in the industrial design of the product. The newly launched mining router by Bitmain also shows from the side that it is no longer satisfied with the market of the digital currency industry, and its ambition is obvious.