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Bitell---The Voice of Bitcoin from China.

Bitell is the pioneer in reporting Bitcoin news from China. It provides readers the latest news and information, Bitcoin industry trends, technologies, miners, practitioner companies, Chinese Bitcoiner communities and Bitcoiners' original stories etc. If you want to hear everything about Bitcoin and other digital currencies from China, Bitell is your first choice.
Bitcoin Fiction

New Money--A Rags-to-Riches Story of a Chinese Bitcoiner

A Serialized Web Fiction by Rockxie
1 hours 40 minutes ago
I was not so obsessed with bitcoin at thebeginning, simply taking it as an investment. At that time, I had been trappedin A Shares, no matter penny stocks or blue-chip stocks, all kept slumpingendlessly. So gradually I lost interest in them. I heard from other people thatU.S.stocks were real value investments with high-quality. I had some loose cash inhand, so i tended to invest in US stocks. After a bit online research, i foundit was not easy to do it, a lot of hassle. When i was studying ho…

1 days 4 hours 23 minutes ago
Bitcoin mining is a very interesting thing.The design snatched over the right of banknote printing directly from thecentral bank. Everyone can have the right to print money as long as you havehash rate.Everyone can print banknote? The firstreaction of many people is that it is very tricky. After all, in the pastcenturies, currency issuance was dominated by government and banks. Ordinarypeople only have the right of using it. Through so many years' popularity, itseems that …

2 days 4 hours 52 minutes ago
Speaking of buying and selling bitcoins on Taobao (the most famous online shopping website in China), here I would like to say a few words. Shopping website like Taobao indeed solved the problem of trading credit, but Bitcoin is a new thing to which many rules do not apply. For example, if there's any dispute, resolution center can hardly deal with it.They just handle it rigidly by the rules, ignoring the evidence you submitted. Even the evidence is the sending records which can not be forg̷…

3 days 14 hours 21 minutes ago
As the mining industry evolves, there are always new products and services hitting the market for enterprising cryptocurrency entrepreneurs. The competition between hardware manufacturers continues, with CoinTerra shipping its 5,000th unit and KnCMiner offering new incentives.Before ASICs came along, issues of power and cooling were not as much of a priority. Now, even the new Radeon, the most powerful graphics card to date, is not the least bit exciting to those inte…

6 days 13 hours 39 minutes ago
After receiving notification from Shangdi Branch of CBC(Construction Bank of China) yesterday at 16:15, Huobi made an announcement that due to obscure policy, Huobi decided to close all bank card deposit temporarily. But Huobi credit recharging is now reopened, people can still buy bitcoins by topping up credits which is supported by all mainstream banks. 

8 days 27 minutes ago
As the world's first Asic miner maker, Avalon team now brings us its new 40nm Gen3 miner. With newly developed A3233 chip which is made by the world's biggest chip manufacturer TSMC, Gen3 miner is of higher efficiency and lower power consumption.Two types of products: 800G Hash Rate Avalon 3-module Complete Rig and 300G Hash Rate Avalon Single Module.

8 days 1 hours 56 minutes ago
With the deadline for the Chinese Bitcoin exchanges to be cut off from their bank accounts upon us as of today (Tuesday), the Bitcoin price is rising.Wait, what?As counterintuitive as it might seem, the CoinDesk Bitcoin Price Index is up about 10% today to about $500, although Bitcoin prices r…

8 days 2 hours 10 minutes ago
The price of bitcoin continued its upward trend on the CoinDesk USD Bitcoin Price Index (BPI) today, rising roughly 9% to top $500.As of press time, the price had increased roughly $43 over the course of the day, climbing from a low of $452.17 to a high of $514.72.The recent recovery, sparked by comments from People’s Bank of China (PBOC) governor Zhou Xiaochuan, continued as the 15th April deadline allegedly imposed by the central bank came and went w…

9 days 8 hours 11 minutes ago
Updates from ROCKMINER: 

9 days 8 hours 20 minutes ago
10am, 15 April BTCChina held a 'New Product Lauch Event' today at IC Coffee house of Shanghai. Two new products are lauched in the event: The first physical bitcoin ATM of China;The world’s first ATM on your phone --A web-based app 'Picasso ATM' 

10 days 12 hours 20 minutes ago
OKCoin has just announced that the recharging code officially launched. It's a new way to recharge and withdrawal. People can buy the code by following procedures as below:1. Pick one of the agents listed on the website;2. Contact the agent;3. The agent provides you with recharging code A and B phases;4. After recharging, you pay the agent; 5. Agent confirms the payment and recharging;6. Recharging complete.

10 days 13 hours 11 minutes ago
Firstly, let me start out by saying that we fully support the X11 Algorithm and that we do believe it is the future for many coins out there. Especially considering that Scrypt ASICs have already been spotted in the wild, and that there are new ASICs of an expected 250 MH/s!  The X11 Algorithm has its flaws though (cons), but do they outweigh all of the pros?  Without further ado, let’s take a look at the pros and cons of the X11 Algorithm.

10 days 13 hours 14 minutes ago
A new white paper from Allied Control, a technology cooling solutions provider, surveys the current large-scale bitcoin mining ecosystem and explores the implications of current and future cooling technologies.According to author Alex Kampl, Allied’s vice president of engineering, there are significant deficiencies in how mining hardware is manufactured and deployed worldwide. As a result, investors already involved risk losing money and new ones may be dissuaded from tak…

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