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CANOE POOL Is essentially a subsidiary of BITMAIN.

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gh0st Member Level  Wednesday, 10/04/17 01:16:02 PM
Re: None
Post # of 73464 
CANOE POOL Is essentially a subsidiary of BITMAIN. READ HERE WHY:

BITMAIN owns many huge Bitcoin entities, including Antpool, BTC.com, are direct investors in ViaBTC and likely have huge managerial control over it.

It has been speculated that when Canoe Pool was started, it was given its hashpower from ViaBTC mining operations as 22Petahash of mining power seemingly disappeared from ViaBTC and went to Canoe Pool overnight. Canoe Pool now has a staggering 2% of the total mining power and equivalent to about 150Petahash, in a mere 8 months time.

As mentioned in the previous PR, BITMAIN is directly partnered with Canoe Pool on their mining facility in China. Canoe Pool uses BITMAIN's AntMiners to mine Bitcoin as well. It is also well documented that Jihan Wu, founder of BITMAIN, and Li Ang, founder of Canoe Pool, are good friends. Here is them attending the same Bitcoin roundtable meeting with industry giants https://www.bitsonline.com/china-bitcoin-roundtable-segwit2x/.

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BITMAIN is a multi billion dollar bitcoin mining operation and brings in hundreds of thousands of dollars in Bitcoin each day. They have also been trying to split their power among various subsidiaries which they are heavily invested in and essentially control. I believe the DD adds up to Canoe Pool essentially being funded and guided by BITMAIN, under the guise of concealing it's true mining hash power of Bitcoin.


WHY DOES THIS MATTER?

Not only is BITMAIN a multi Billion dollar operation, they are looking to IPO and expand to the United States. Watch here as founder of BITMAIN Jihan Wu talks about Bitcoin mining:



If you go to 1:40 in the video, they are looking a models of what looks like something very similar to what SANP's twitter has posted with CANOE's logo on it. It seems like a storage unit crate of some sort that is temperature controlled to store mining machines. During this part of the video, they discuss expanding to the United States and funding a $200 million operation there. While we do not have all the details yet, it seems to point to at least some of the expansion, perhaps indirect, is coming with Canoe Pool. It would make sense that Canoe Pool's partner in a large mining farm operation would want to also get in on expansion to the Americas as well as any synergies they can gain from the SANP product line.


Li Ang signs LOI with SANP
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SANP product
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SANP solar pod with ANT miners posted on SANP twitter page a couple days ago
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