Bitmain Brand Co-Opted by 'MangoCoin' in Cloud Miner Sale
- The little-known crypto has attempted to sell a "Bitmain Cloud Miner" that Bitmain claims to have no affiliation with.
MangoCoin (MGC), a little-known cryptocurrency, has fraudulently used the Bitmain brand in the sale of the so-called “Bitmain Cloud Miner,” according to a blog post by the cryptocurrency mining tech giant.
“‘Mangocoin (MGC)’ and its website, APP, social media accounts, WeChat groups, QQ groups, etc. are not business channels or platforms of Bitmain, and these have no connection or affiliation with us whatsoever,” the blog post states. “ The ‘Bitmain Cloud Miner’ on any platform of ‘Mangocoin (MGC)’ is not developed by Bitmain.”
Bitmain may also seek legal action against Mangocoin: “we resolutely adopt legal means to protect ourselves and our customers’ rights and interests.” Bitmain had not responded to requests for commentary at press time.
#Mangocoin のニュースがフィリピンのNHKに当たる政府運営TV局にて、OFWビジネスサービスとして特集を組んで放映されました。
動画はこちらhttps://t.co/8fuLXPpbAO 詳細はこちらからhttps://t.co/dlrR4Z0Q2R pic.twitter.com/yloIpGhDIu — ɃITSURFER (@_bitsurfer) August 1, 2018
At press time, the website apparently associated with MGC was down for maintenance. “Something really good is coming very soon!”, it read, with a 21-day second-by-second countdown.
However, a corresponding exchange and wallet service that are also apparently associated with the MangoCoin brand were still up and running. Neither MangoCoin nor its Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term had not responded to requests for commentary on Bitmain’s accusations at press time.
Bitmain lost a $150,000 block reward in June
MangoCoin’s co-opt of the Bitmain brand is not the only spot of trouble that seems to have hit the mining giant in recent months.
In mid-July, BitMEX Research found that Bitmain subsidiary mining pool Antpool had essentially squandered $150,000 in BTC mining rewards after the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term network rejected a block that it had mined in June.
Bitcoin had an invalid block at height 584,802, as spotted by @juscamarena
All 8 nodes at https://t.co/WKQ8hPDGON identified the block as invalid: Bitcoin Core 0.18.0 Bitcoin Core 0.17.1 Bitcoin Core 0.16.2 Bitcoin Core 0.10.3 bcoin Bitcoin Knots 0.14.2 btcd Libbitcoin pic.twitter.com/p5WKJ5rO0t — BitMEX Research (@BitMEXResearch) July 10, 2019
The block was reportedly rejected because of an erroneous Coinbase transaction that was included inside of it.
MangoCoin (MGC), a little-known cryptocurrency, has fraudulently used the Bitmain brand in the sale of the so-called “Bitmain Cloud Miner,” according to a blog post by the cryptocurrency mining tech giant.
“‘Mangocoin (MGC)’ and its website, APP, social media accounts, WeChat groups, QQ groups, etc. are not business channels or platforms of Bitmain, and these have no connection or affiliation with us whatsoever,” the blog post states. “ The ‘Bitmain Cloud Miner’ on any platform of ‘Mangocoin (MGC)’ is not developed by Bitmain.”
Bitmain may also seek legal action against Mangocoin: “we resolutely adopt legal means to protect ourselves and our customers’ rights and interests.” Bitmain had not responded to requests for commentary at press time.
#Mangocoin のニュースがフィリピンのNHKに当たる政府運営TV局にて、OFWビジネスサービスとして特集を組んで放映されました。
動画はこちらhttps://t.co/8fuLXPpbAO 詳細はこちらからhttps://t.co/dlrR4Z0Q2R pic.twitter.com/yloIpGhDIu — ɃITSURFER (@_bitsurfer) August 1, 2018
At press time, the website apparently associated with MGC was down for maintenance. “Something really good is coming very soon!”, it read, with a 21-day second-by-second countdown.
However, a corresponding exchange and wallet service that are also apparently associated with the MangoCoin brand were still up and running. Neither MangoCoin nor its Affiliates Affiliates Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Affiliates serve as an essential component of a broker’s client acquisition tactics and marketing. One of the most important functions of affiliate marketers is the sending of leads to the broker, which are directly opening an account or visiting the broker’s website. There are several ways in which brokers are compensating affiliates based on the number and type of clients they refer to the company and whether or not or how much they end up depositing.Understanding CPA or Cost Per Acquisition T Read this Term had not responded to requests for commentary on Bitmain’s accusations at press time.
Bitmain lost a $150,000 block reward in June
MangoCoin’s co-opt of the Bitmain brand is not the only spot of trouble that seems to have hit the mining giant in recent months.
In mid-July, BitMEX Research found that Bitmain subsidiary mining pool Antpool had essentially squandered $150,000 in BTC mining rewards after the Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term network rejected a block that it had mined in June.
Bitcoin had an invalid block at height 584,802, as spotted by @juscamarena
All 8 nodes at https://t.co/WKQ8hPDGON identified the block as invalid: Bitcoin Core 0.18.0 Bitcoin Core 0.17.1 Bitcoin Core 0.16.2 Bitcoin Core 0.10.3 bcoin Bitcoin Knots 0.14.2 btcd Libbitcoin pic.twitter.com/p5WKJ5rO0t — BitMEX Research (@BitMEXResearch) July 10, 2019
The block was reportedly rejected because of an erroneous Coinbase transaction that was included inside of it.