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  • Geschlecht
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    Guangzhou China
  • Biografie
    Best-miner is a team of technologists, entrepreneurs and bitcoin enthusiasts set up at first quarter of 2013, Our team members mostly in Guangzhou China and has our own OEM factory located in Guangzhou too.
    We aim to change the bitcoin miners pre-order situation which distribute the risk to end-users, we only sell miners are in stock and can be deliver in 1-2 days.
    We not only sell our own bitcoin miners produced in our OEM factory, and selling our parterner’s miner too, so that you can get the newest and latest miners in our website.
    We start to produce the first bitcoin miners in Jun 2013, the first is 110G avalon miners, and 220 G from Nov 2013, and 1T miner since March 2014, and set this website and start world-wild selling since Dec 2013
    From the first bitcoin-miners we sell is about 1 year, we still give them some technical support if they need, we think our good products and service could give you the best mining experience.
    We believe that our miners stands out from the competition because of the following.
    1: Bitcoin miners in stock and don’t need wait 1-6 months, can start mining immediately
    2: Strong team support before and after you start mining.
    3: Keep to produce or find the newest bitcoin/litecoin miners for customers.
  • Beruf
    Co-founder of best-miner.com
  1. “With stable and good tax environment of Singapore ,it becomes a perfect place to sale and save precious metal .”the united founder of a Bitcoin gold trade company The CEO Torgny Pesson of BullionStar.com is a Singapore expat person .He has founded the Swedish gold trading platform LibertySilver .se in 2008,and LibertySilver .ee in 2011. In 2012,Singapore government cancelled the sales taxation of precious metal .So he started to move his company to Singapore .And Singapore has cancelled some useless system ,he said . Singapore doesn’t receive any capital gains tax to gold investment .The safe saving of metal enjoys many choices and the right of intellectual property .So the city has more attraction to metal investors . Don’t connect Bitcoin with gold Though Bitcoin and gold have the philosophical basis of able-bodied currency principle ,the hobby of their fans is different . Persson of BullionStar believes that Bitcoin is stable currency as well as an interesting investment .He said ,“unfortunately ,some masters of precious metal only criticize the currency system and bank trading system ,and they ignore bitcoin .” He hopes that users can consider to hold Bitcoin and precious metal as physical currency and compare them according to their price and value . Physical location The investors in Singapore can buy Bitcoin online or on the physical shops of BullionStar . They can save their fund in BullionStar ,like “gold bank ”. Healthful profits It’s good to sell gold by Bitcoin ,even not in Singapore .nIn fact ,the commercialism of digital currency may be one of the way to make more profit . Amagi Metals ,whose headquarter is in the USA ,is one of the earliest Bitcoin gold trading merchants to accept Bitcoin in the world .It accepts Bitcoin one year before ,and now BitPay is one of the biggest clients to them . Within one month ,Amagi plans to add other functions to the website ,including price remind by text and email . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
  2. Tonight ,central bank of Europe made a decision on decreasing benchmark interest rate ,while deposit rate decreases to -0.10%iBitcoin seems to make a response :increase . Bitcoin price increased from 644.52dollars to 664.99dollars in a minute . The response is difficult to see in Bitcoin history . This is different from the Bitcoin increasing price recently . In the past two weeks ,Bitcoin price has increased by 47%,aBarry Silbert ,the CEO of SecondMarket said it is because : The American second largest satellite television operator DISH announced to accept Bitcoin payment later . Apple revises its stragety to allow virtual currency trade . BitPay raised 30 million dollars successfully recently . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it. Source http://finance.ifeng.com/a/20140605/12485553_0.shtml
  3. After a series of bitcoin application was cancelled ,Apple revises its stragety and starts to allow its shops to provide virtual currency trading service . Apple hasn’t referred to bitcoin ,it only refers to virtual currency .And it also claims that providing virtual currency trading service should obey American law . The stragety means that the attitude from Apple towards virtual currency becomes ease . “Apple system becomes more mature and will gain more agreement .”The investor Bill Lee of BitGo said ,bitcoin payment is still on a primary situation ,and it will be accepted gradually . “Be ready to welcome to a large amount of bitcoin IOS application .”Adam Draper ,a bitcoin risky investor commented . Rob Banagale ,the bitcoin developer said ,he prepares to provide a new application called Gliph ,which was cancelled by Apple before for allowing bitcoin trade . “Apple cancelled bitcoin trading application .The loss is on Apple not clients .Because bitcoin fans will not give up bitcoin but iphone .”The bitcoin analyst Gil Luria claimed . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it. Source http://www.techweb.com.cn/world/2014-06-03/2042830.shtml#__SOSO_RAW_URL___
  4. Many analysts do some research on Bitcoin trade and its outturn organization . trading structure :Bitcoin derivative trade should obey 24/7 rule to keep track in time .The collateral from the members of outturn may be the tool of cash or securities .Build up reasonable security money system to make sure to stop trading with the emergency . trading places :they are important to the execution of the contract .But they should not manage directly .Good structure trading places can develop the trade perfectly .Multipartite trade can prevent price from making a too big effect .oSo the governments may suppress the price . The application of the contract :According to balance sheet ,Bitcoin futures contract should be suitable for the Standard of currency futures contract .The month of the contract are March ,June ,September and December ,The unit are 100BTC and 250BTC .Primary security money and maintain security money are 10% and 8%. Now ,the biggest Bitcoin futures trades are ICBIT.se from Alex Stukalov and MPEx from Mircea Popescu.But they don’t have the core function of reckoning .In addition ,BitFinex ,Btc.sx,Bit4x and Coinsetter provide non-Standard contract .People developed futures to face up to currency risk in the past .Today ,the futures market of encrypt currency makes an innovation again . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it. Source http://www.yibite.com/article-3537-1.html
  5. Last year ,bitcoin mining trend did good to the videocard industry so that the demand on the market was increasing ,but it wasn’t the career of videocard .As the profit of virtual currency and the change of policy ,videocard goes down . However ,the videocard selling amount on the global since 2014 is decreasing . On the earlier bitcoin popular times ,the efficiency of videocard mining is high .But bitcoin essence decides that its amount is less and less .So videocard will be phased out . Meanwhile ,many kinds of chips appear with high efficiency and dependability ,small volume ,low energy and low cost .So miners love them . However ,bitcoin and other virtual currency doesn’t have substantive political guarantee .Moreover ,with less enthusiasm from people and increasing mining difficulty ,mining machines are difficult to sell . Therefore ,videocard amount is increasing constantly . So I believe though later the traditional busy season is coming ,videocard market will be still in doldrums . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it. Source http://m.mydrivers.com/newsview.aspx?id=305570&cid=1
  6. Electric power was started to be used widely in 1870s ,which pushed the second industrial revolution forward .The large sacle electric system is one of the most important success in 20 century .Today is the internet times ,we invent computer ,household appliances and so on .To the whole society ,electric power is a kind of valuable resource . Bitcoin mining energy consumption draws much attention today.Now bitcoin mechanical calculation reaches 77p and will be increase .And the electricity consumption will reach 0.16 billion degree. Then ,somebody scolds bitcoin mining .So I will explain bitcoin mining consumption problem from electric power angle ,and tell everybody that bitcoin mining energy consumption will not waste electric power in the future ,and will make use of it . The special attribute of electric power Though electric power is the main motivator of economic development ,we don’t have a better understanding of its attribute . (1)Electric power cant be saved substantially .In fact ,it cant be saved completely . (2)Transmission enjoys consumption .With resistor on the cable ,the transmission process must enjoy consumption .Though Japanese electric power management is most advanced ,its consumption is still 5%.Moreover ,with a longeron transmission distance ,the consumption is bigger . The change of consumption (1)The season of highest electric power consumption is summer. (2)In a day ,the highest electric consumption is from 10am to 8pm . Kinds of electric power generation and the advantages and disadvantages Electric power generation :thermal power ,solar energy ,wind power ,nuclear power ,water power ,hydrogen power and so on . (1)thermal power generation burns coal ,petrolic ,natural gas ,liquid and gas fuel to produce thermal energy . (2)solar energy generation may change solar energy into electric power . (3)Wind power generation may change wind into mechanistic kinetic energy and change into electric power again . (4)Nuclear power generation use nuclear fission to release thermal energy . (5)Water power generation may change water into mechanistic kinetic energy and change into electric power again . Among five of them ,thermal power is the best choice .Its scale is easy to expand .Of course ,it can be provided only with coal .But It also enjoys disadvantage including pollution . Nuclear power is similar to thermal power ,but safety is a problem .Wind power should be in a place with strong wind ,so it may be far away from the city .Solar energy is everywhere ,but it’s difficult to deploy in the city . Bitcoin mining will make use of the wasted electric power (1)use the spare generating capacity of the power station.In order to prove the stabilization of power grid ,the power station may start up spare generating capacity of the electric power system ,so it may cause waste .In the future ,this part will be used to the bitcoin mining . (2)make use of excess production capacity .The excess production capacity may be used to bitcoin mining . (3)make use of remote gnarly electricity ,including water power ,wind power ,solar energy .Their generating capacity is difficult to control and demand to be transported remotely .So building up a bitcoin mining field can make use of the resource . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
  7. Chinese government may limit investors to visit bitcoin websites ,like Blockchain ,BTC-e and Coinbase .Last week ,Chinese government has tried to prevent the media to report 2014 bitcoin international commerce. Li qi yuan ,the CEO of BTC China ,has proved that Chinese internet clients has reported that they are difficult to visit some famous bitcoin websites .He believes that Chinese government tries to unstablize the websites so that they seems undependable .Chinese government has taken similar measures to Google before . Eric Gu ,the united founder of risking investment company said ,the above news was reported yesterday first ,some people cant enter to Blockchain wallet . But Rui Ma ,a risking investor say that using mobile phone to visit the website is not affected . Gu told CoinDesk that the problem will not affect bitcoin community Bitcoin carzy investors can use Blockchain and BTC –e ,while it doesn’t matter for the primary investors.He also plans to join in the bitcoin party held in Shanghai .Whether the measures government takes ,it is still 200 person are willing to listen to the report . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
  8. 1.The key to bitcoin long-term trend :policy Whether bitcoin price increases to 8000 yuan or decreases to 2500yuan ,it depends on the policy .Also ,with more positive report on CCTV in 2013,bitcoin attracted much attention at one night . Those who is familiar with speculation market knows bitcoin price and value is completely deviant .With Chinese speculation mindset ,bitcoin price in China is much higher than the world . With the policy released on 5th December ,2013 from central bank of China ,the previous positive report was changed into passive report .Meanwhile ,Chinese bitcoin investors become more sensible .What investors think most is not whether bitcoin price increases to 10 thousand dollars ,but whether its price is worth to 1 thousand dollars .Later ,a series of policy stabilizes bitcoin price . 2.The key to bitcoin middle-term trend :investors mentality Chinese culture is group culture .When one person buys bitcoin ,more and more people may follow him . Compared with other investment ,bitcoin is more suitable for the public because it’s easy for investors to get first hand information .And some clever investors may use clients anticipation and emergency to operate the trend . 3.The key to bitcoin short-term trend :technological graphical analysis When analyzing the trend ,most investors only analyze a trend table .Of course ,it enjoys quite a few advantages ,but exists some limit .This kind analysis only can be known the short-term trend because it may be affected by more factors with longer time . So: 1.Simple analyzing way may be more useful .For example , I only use trend line and two average lines . 2.Remember ,when bitcoin price should increase but it hasn’t ,then it may increase .When its price should decrease but it hasn’t ,then it may decrease . Summary :grasp the trend correctly should analyze the 3 points . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it. Source http://www.btcfans.com/article-5405-1.html
  9. Today ,HKCEX announced that they has raised 25million dollars .The investors include some private funds from inland and HongKong . The investors try to buy bitcoin from the trading place .To protect from the risk ,the trading place only uses official software from bitcoin funds foundation and provides the whole code with three layer control . What attracts investors enter to the trading place is that they can get the trading certification MSO released by HK customs . Besides ,the trading place has discussed with the famous insurance company to sign a contract to protect clients’ profit . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it. Source http://www.btcfans.com/article-5402-1.html
  10. The forum “Internet finance and innovation night ”was held on 10th May,2014 in Qsing hua university .Its main topic is the innovation on Internet finance . The CEO Lilin of huobi.com expressed to make use of Chinese bitcoin policy to promote its development .The words as follows : Ai cheng : If the interest rate freedom is put on effect ,what will you do ? Li lin : The problem is not really connected with our service too much .But as individual ,if the interest rate freedom is put on effect ,banks competition will be the same as Internet industry . So from entrepreneurial angle ,I will seek some vertical field .With the freedom ,you should have a better understanding of the field .Moreover ,the vertical field may be not gain financing from public financial enterprises .You can seek the field to found your business . Lilin : Actually ,I would like to correct the comment from the compere about group purchase .We have found an item called allied search to statistic date specially .The compere said group practice is more than 6000 in its boom time ,but now less than 10 companies exist . Ai cheng : From 2013to now ,the death rate is more than 90% Them I react to the question now .With Chinese bitcoin policy ,we gain a good opportunity to be the top in China .But we are worried more about the international competition , ,such as New york is likely to publish some licenses on June . But on the other hand ,the appearance like the trading places in Newyork is good for us because bitcoin industry is on junior stage .So we consider more on bitcoin growth and market space .And the problem is not serious to us . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it. Source http://app.cebnet.com.cn/content.php?contentid=244615
  11. Organized by Bitcoin funds and UBM China ,Bitcoin international conference in 2014will be held in Beijing on 10th May .The conference focus on Bitcoin technological innovation and industry sustainable development,struggling to build up a good platform for Bitcoin fans . Meanwhile ,the conference will analyse Bitcoin circumstance through laws ,Bitcoin atmosphere all over the world to develop its sustainable development road .The holders hope Chinese Bitcoin market will develop well through the conference . The president Li xiao lai of the conference said ,:the The aim is to show the latest development and innovation to everybody and understand Chinese Bitcoin market .Meanwhile ,Bitcoin experts all over the world will share their experience and innovation on the conference . The conference will carry out with 8 core topic .On 10th May ,Li xiao lai will make a speech first about Bitcoin opportunities and challenge in China .Then the secretary-general Aaron Koenig of global Bitcoin union ,the doctoral Hanfeng at qing hua university ,the president Vang wei from Chinese financial museum and the lawyer Zhou zi yi from American lawyer’s office will make a speech .Distribution autonomous Corporation (DAC ),crypto- digital currency ,mining machine and mining pond ,Bitcoin application and trade will be showed on the conference . Since 2009,Bitcoin develops all over the world .With Bitcoin develops in China ,we should explore its developing mode and sustainable development .As the first Bitcoin international conference in China ,the holders with the strong ability invite many Bitcoin experts to the conference .Also ,it aims to push Chinese Bitcoin industry to develop healthily . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it. Source http://finance.sina.com.cn/stock/usstock/mtszx/20140507/102019027313.shtml?qq-pf-to=pcqq.c2c
  12. With Internet development and application develop constantly ,more and more virtual currency appears ,such as Q coin ,Baidu coin ,Bitcoin and so on .Their using range exceeds virtual goods category and may transfer from virtual world to realistic world .Among all virtual currency ,bitcoin is the top .With its rapid development and wide effect ,People’s Bank of China has released a notice about preventing bitcoin risk on December ,2013,pointing out bitcoin is a specific virtual goods rather than currency in real sense .On February ,2014, The Financial Services Authority in Newyork said it would work out virtual currency supervision framework and give license to virtual currency companies .Meanwhile ,Britain and Germany also publish some rules to supervise bitcoin .Poeple may ask ,what is currency essence ?Does bitcoin own currency essence ? Currency essence : As we know ,the source of currency is the currency demand led by goods exchange .The process is so long .On different places or different developing stage ,currency morphogenesis is different .But whether its morphogenesis changes ,currency is universal equivalence .As universal equivalence ,currency owns five functions .But there are only two basic functions ,measure of value and medium of circulation .The fundamental is measure of value .The basic function and currency itself cant be divided .Whether any goods ,once it is currency ,it must own two basic functions .It’s the two basic functions that form currency essence .And its basic meaning is value standard . people are willing to pay and accept on goods exchange with currency .It includes two meaning ,one is paying ,goods buyers are willing to exchange the goods with currency .Another one is accepting ,sellers are glad to get the paid (currency )and believe it can be used to exchange other goods .On the currency system today ,currency doesn’t own using value .But why people need currency is that it can be exchanged into goods and service . Is currency essence .To any substance ,whether visible or invisible ,once gaining the characteristic ,it may own currency essence .Meanwhile ,if decreases ,its currency essence decreases .Now all currency are ruled by the law .Nonetheless ,currency liquidity still depends on the confidence from the public .Even legal currency ,its currency essence still depends on its . Currency essence is ,it will not change as currency morphogenesis .With internet develops ,some newly financial products appear and develop into currency substitute .But currency essence doesn’t change .Whether early physical goods currency or later trust currency even the digital currency ,their currency essence is .Why currency substitute is able to exert currency function is that it owns .More currency substitute will appear in the future ,but whether currency morphogenesis changes ,its essence will not change . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
  13. Chinese bitcoin market is facing up to new difficulties . Though 15th April has gone ,whether trading platforms or normal clients ,they realize that bitcoin is facing up to bigger and bigger difficulties in China . At the end of March ,some media said central bank of China has released a notice about strengthening bitcoin risk prevention ,demanding commercial banks to suspend providing service for bitcoin trading platforms before 15th April .The 15th April case led bitcoin price to decrease by over 10%. However, supervision organizations haven’t given a big attack on 15th April .Meanwhile ,many people began to suspect the reality of 15th April case . The Chinese biggest bitcoin trading platform huobi.com is one of the doubters .On 22nd March ,after 15th April case was reported ,the website has announced to send letter of attorney representating clients and give an sanction to the rumor . Obviously ,huobi.com doesn’t believe the 15th April .Or they haven’t received the information through its ways , However ,within one month ,on 10th April ,Industrial and Commercial Bank of China noticed huobi.com that it will not provide any service for the website .On 11th and 17th ,April ,China Merchants Banks and Construction Bank of China also released similar notice .Huobi.com finally announced that it decided to suspend bank recharging and will adjust when the policy is clear . Other bitcoin platforms also suffer bank ban to different degree .BTC China also released an announce on 28th April that it will close recharging service from China Merchants Banks .Previously ,two smaller websites BtcTrade and FXBTC have suspended bank recharging . Strangely ,the bank behavior is similar to the rumor ,but 15th April is still a mystery ,even nobody can prove its existence .Central bank of China insists that the notice released on 5th December 2013is standard . On the other hand ,some one revealed that he or her has read the 15th April document ,but it only circulates on central bank of China .While some bitcoin fans demand to open the information ,but central bank of China refused . At the end of last year ,supervision organizations have ensured that the third-party payment cant provide bitcoin recharging service for bitcoin platforms .Now bitcoin recharging is also forbidden by banks ,that is to say ,bitcoin trading platforms will lose an important recharging ways .How to lead CNY to the platforms becomes the difficulties . The ways to lead CNY to the platform “What we care about most is capital inflow problem ”the united founder Dujun in huobi.com said . Capital inflow is that how clients recharge their money to huobi.com .Previously ,clients can transfer account through banks ,and transfer money to the specific account of huobi.com .Also ,they can buy cards to recharge . But the system has been broken last month .Many banks told huobi.com that its recharging accounts will be closed .”No formal notice or document ,only phone notice ”,Du jun said .In his opinion ,the ways from the banks are overbearing even may be illegal .Huobi.com has tried to communicate with banks ,but failed . After banks quit ,huobi.com only reserves card recharging ways .Later ,its capital inflow speed decreases rapidly and affects its trading amount . Du jun said ,a series of measure from banks lead trading amount and bitcoin price in huobi.com to decrease by 30%. Huobi.com is thinking about solution .It may encourage bitcoin clients to trade online and offline directly .For example ,clients may build a QQ group themselves ,one has bitcoin or convertible code ,another has CNY ,then they can make a deal themselves . Compared with huobi.com ,BTC China may supply less pressure .All bank accounts (except China Merchants Banks) still can be used .Additionally ,clients can buy BTCC convertible code to recharge . Previously ,the vice CEO Lingkang in BTC China revealed on the interview that they haven’t received the notice from banks .But after two days ,China Merchants Banks phoned them to write off the accounts .However ,other banks haven’t take any similar measures . It may be relevant to the discussion at the end of April .The participants on the discussion included commercial banks and the third-party payment organizations . Among all of them ,China Merchants Bank was criticized .So later it announced to close all accounts from bitcoin trading platforms .Some one said central bank of China hopes to cut off bitcoin funds chain thoroughly . Another outcome of the discussion is that Alipay announced not to provide recharging and withdrawal service for bitcoin and other virtual currency.Also ,it doesn’t allow to buy or sell bitcoin recharging code . Thus ,BTCC recharging code of BTC China is full of risk .According to the research ,about 6 BTCC recharging code online shops set in Taobao and relative to Alipay .If Alipay ensures its latest announce ,the online shop may close . But until now ,the online shops are still running .Alipay explained that it is checking them now . Application future To Chinese bitcoin ecology ,capital inflow difficulty may only last for a short time ,but lacking application future will make Chinese bitcoin market in trouble . According to Du jun ‘s understanding ,bitcoin ecologic chain can divide into 3 parts :upstream is mining machines and mining pond ,midstream is trading platforms and downstream is different application . In his opinion ,America is a bitcoin Holy Land .”People can use bitcoin to buy virtual goods online and pay for something there .”He said . In fact ,with payment application on mobile phone ,bitcoin has partly blended in American daily life .For example ,a software on mobile phone called Coin For Coffee allows customers to buy coffee by bitcoin .Of course ,it first may exchange bitcoin into dollars ,the coffee shop will not accept bitcoin directly . But in China ,even this kind trade belongs to grey area .Du jun said ,according to the 5th December notice ,merchants cant price goods by bitcoin .But bitcoin clients can exchange bitcoin into objects privately . This leads bitcoin only can play a role in investing tool rather than payment tool .Some early bitcoin supporters even lose their patience and give up bitcoin . Duan hong bin ,the financial columnist,began to understand bitcoin in 2012and became the virtual currency reporter rapidly .But in 2013,he suddenly disagreed with bitcoin strongly .When he accepted the interview ,he said directly that the biggest problem is that bitcoin lacks application . Meanwhile ,Duan hong bin has sold all bitcoin and left it .Also ,bitcoin workers seem that they haven’t found a better way to develop its value . On the interview ,the CEO Li lin of huobi.com took an interesting example :now we cant discuss bitcoin usage in China ,like we cant discuss Internet future in North Korea .”You cant use it thoroughly ,how do you discuss ?”he said . In Li lin ‘s opinion ,judge bitcoin should attach the importance to its future .On the other hand ,the vice ceo Lingkang of BTC China said bitcoin future may be petty payment and cross-border payment . However ,whether Lilin or Lingkang ,both of them admit that bitcoin application future is on a exploring stage . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
  14. “Before 15th April ,we have seeked a new recharging system which cant be closed completely .Luckily ,we find it ”—The news is released by CHBTC in China . This becomes a microcosm that Chinese bitcoin websites take measures to circumambulate the latest supervision .Recently ,the rumor“15th April deadline”is popular .As 15th April is coming ,many bitcoin trading websites have written off their accounts .In order to prove CNY recharging ,bitcoin websites take measures to circumambulate supervision . Circumambulating supervision According to the media ,central bank of China has demanded to close the bank accounts from 15 Chinese bitcoin websites,banning banks and the third-party payment organizations from providing opening accounts ,recharging and withdrawing deposit service for bitcoin trading platforms before 15th April .. It’s said that the notice is oral order without any written document .Trading platforms also only receive oral notice from banks ,but some claims that they have read the document from central bank of China . Though the notice is low profile and different organizations have different understanding and execution in it , “15th April deadline ”is not a lie .Many Chinese bitcoin websites are demanded to write off bank accounts constantly .For example ,CHBTC was demanded to write off bank accounts from Bank of China on 17th April . Under the serious supervision ,people can withdraw deposit and recharge without bank accounts through agent .So it can avoid the problem. However ,with different execution and procedure ,not all banks demand bitcoin trading website to write off bank accounts .At present ,most Chinese trading platforms have closed their the third-party payment way ,while bank withdrawing deposit and recharging way also almost stop .But some websites still recharge through the third-party cards and banks .For example ,huobi.com open cards recharging service again . Because the third-party payment way closes ,trading platforms begin to be the role reckoning .Okcoin ,BTC China and huobi.com roll out recharging code service constantly .The service allows clients to exchange CNY into recharging code ,then transfer it to other clients . Compared with this ,the way recruiting agent of CHBTC is more clever .From its recruitment news ,it claims that it has invent a series of agent system like P2P .The member who have enough money can be the agent .The agent can use accounts (similar to bank accounts )or online recharge to recharge .Meanwhile ,it can use Alipay to recharge .The recharging way can be recommended on its official websites or hide in any ways .Clients can check the recharging way through our website .In doing so,we only accept recharging from agents not face up to clients directly .Therefore ,only without any document indicating that bitcoin operation is illegal ,we can run the platform in a long term . The agent should pass the real name identification and pay 50 thousand yuan guarantee deposit at least .Also later we will limit the agent trading on the platform.The platform only accepts agent recharge ,and the amount must more than 10 thousand yuan .Meanwhile ,now CHBTC will not give any wage to agents ,their profit may be bank interest . It’s said that there is a agent in Jilin .Huobi.com also plans to finish the layout . Offline and layout overseas Along with different ways facing up to recharging limit ,bitcoin websites also expand their offline and foreign service . BTC China has set the Chinese first ATM machine in Shanghai on 15th April,allowing bitcoin clients to purchase and sell bitcoin by different currency from different countries ./ Meanwhile ,BTC trading website,huobi.com and other trading platforms announced that they have finished registering and opening bank accounts overseas .And their trading websites overseas will be online .In addition ,huobi.com ,Okcoin hire professional team to audit belongings and will open it later . Li lin ,the ceo of huobi.com said , “15th April deadline ” forced the trade to transfer from online to offline ,strengthening supervision difficulty .Meanwhile ,some people believe that what damages bitcoin is not policy risk but speculation risk . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
  15. Purchasing bitcoin or exchanging cash is less than 1 minute ,while traditional bitcoin ATM machines need several hours to open the accounts on platforms .Meanwhile ,this machine don’t save individual information ,saving bitcoin in electronic wallet rather than network platforms which improves the safety . When informed whether not saving individual information will be convenient to money laundering ,the bitcoin ATM machine founder said ,exchanging cash through electronic wallet should input password and be kept record .Additionally ,we have software to supervise .So we enjoy supervision ability to some suspicious trade.Its stragety master Lin zhi da said ,we will save clients’ information if the supervision organizations demand .He also emphasized ,with cooperating with operators ,they can trade and provide service through bank accounts .Thus ,they have the ability to control money laundering to some extent . Its founder pointed that as electronic currency ,the supervision ordinance in HongKong and Macao defines bitcoin as goods not currency ,while bitcoin two-side trade is similar to goods trade ,but not accept deposit .Therefore ,it doesn’t refer to the limit of money trade license. Yes !The HongKong Monetary Authority will not manage now ,but it will warn the public to pay attention to bitcoin change and risk . The HongKong Monetary Authority reacted to the media with 4 point .First ,virtual goods price may change rapidly in a short time ,so customers and commercial organizations may get a big loss for changing price . Second ,Because virtual goods usually are not published by identifiable publishers ,so if virtual goods are stopped to be traded ,customers and commercial organizations will not gain any refund . Third ,we warn customers and commercial organizations to prevent virtual goods trade risk ,improving their warning . Finally ,the public should know the machine is a kind of automat ,not common ATM .In addition ,we also warn all customers and commercial organizations that the machine isn’t run by banks . Remaks: Due to language difference, sometimes people out of China can’t know what happened in China quickly. so we are here to make effort to change little, we will translate 3-4 bitcoin news in China to English everyday to help people out of China know what happened and what people thinks about bitcoin in China, If somewhere translate not that good, pls PM us so that we can correct it.
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