Recently, the well-known Chinese Bitcoin show host Yang Yang announced the rebooting of the Bitcoin Super Node Project. Sfards participated in the initial plan, using its servers to host 3 Bitcoin nodes. Two were based in China (Beijing & Hangzhou), and one in Japan, as seen in the following image:
Bitcoin is a decentralized P2P network, validating and confirming transactions is an important aspect of this network. Bitcoin needs more than one network miner to process these transactions. Data needs to pass through ‘nodes’ in order to be broadcast throughout the network. This is the first, and a vital step in the process of handling Bitcoin transactions - - - block chain confirmations.
The difference between running a node and mining is that to run a complete Bitcoin node requires the use of hardware resources with basically no incentive of a reward. The only advantage of running a node is the knowledge that you are helping to maintain the network. Bitnodes.io, a subsidiary of Bitfund, has shown through statistical data that the number of people running a complete node to sustain the Bitcoin network is declining. The number of active Bitcoin nodes across the world has been falling in the past year, currently there are only around 6800 that are running. The continuation of this trend will undoubtedly have an effect on the safety and security of the entire Bitcoin network.
In order to reverse this worrisome trend, the Bitcoin community has only partially begun to act. ‘The Super Node Project’ is a call to increase the number of active nodes for the good of the network and those who use it.
As a digital currency mining company, we feel that we have a responsibility to our customers and to the community at large. Sfards joined the cause last time, and are also going to do so now. We call upon any who are able to help to join us. We want to work together to maintain the security of the Bitcoin network, and in turn to ensure the future development of Bitcoin itself.
This September, China’s two largest bitcoin exchanges OKCoin and Huobi hosted their respective conferences. The exchange platforms invited many big names in the crypto currency industry to discuss the future of Bitcoin. Sfards’ CEO Frank Li was present at both conferences, our first foray into the public as the newly established company.
Sfards was established by Li Xiao Lai, a well-known Bitcoin angel investor, and the merging of the two industry leaders Gridseed and WiiBox. We are notably the first crypto currency mining company in China to receive venture capital funding.
On the evening of September 12th, at OKCoin’s “One Night in Beijing” conference, the Sfards stand attracted a good crowd. As it was our first appearance at a conference, we were proud to attract such enthusiasm from crypto currency miners.
(CEO Frank Li, second from the left.)
In the ‘round table’ segment, Mr. Li briefly discussed Sfards’ new microchip research advancements and expressed his support for the combined efforts of bitcoin miners.
On the 13th at Huobi’s Anniversary Celebration, Mr. Li took part in a panel to discuss the future trends of bitcoin mining with various well-known industry leaders.
(CEO Frank Li 4th from the right)
During these two conferences, Sfards attracted attention from both domestic and international digital currency miners. We had a fantastic response when people learned of our upcoming offerings in mining chip technology, mining hardware, and hash power transactions. Good preparation is the key to success and we look forward to consistently bringing the world unbeatable digital currency miners and mining chain solutions.