Media: bitmainland chose to continue to appeal, the first instance of printing money to pay 2.1 million

Wu said blockchain had learned that in the case of bitmainland against coin-yin pan zhibiao and other three people, according to the first-instance judgment, coin-yin pan zhibiao, zhu fei and li tian-zhao should pay about 2.1 million yuan in compensation to bitmainland. Bitmainland was dissatisfied with the amount and chose to continue to appeal.

In addition to the three people's compensation and liquidated damages, bitmainland initially demanded 26.32 million yuan of losses caused by the breach of contract, that is, the handling fee for the bitcoin business profit made by bitcoin printing, totaling nearly 40 million yuan. According to a person familiar with the matter, bitaocai decided that the 2.1 million yuan total award was not enough to offset the losses caused by non-competition, so it appealed.Pan zhibiao, zhu fei, li tian-zhao is the original BTC.com bit-mainland core personnel, after the concept of bitcoin split, left bit-mainland to set up a coin printing pool, after the violation of the non-competition agreement bit-mainland sued.

The haidian district people's court of Beijing held that the three men, with a total amount of about 2.1 million yuan, should pay liquidated damages for their violation of their obligation to limit competition. The market share of bitcoin mining pool, which was once the number one in 2019, is now number two, with fees expected to be in the tens of millions of dollars. Industry insiders say the rise of currency printing has had a big impact on bitcoin, taking away many customers.

There were personnel changes after the January ruling. Mr Zhu, who in March took a 10% stake in coinmark, withdrew from coinmark's list of shareholders. Zhu fa response is business adjustment, did not leave the printing currency. The real reason for zhu's exit is not yet known, and there is speculation it may be related to avoiding a non-compete agreement.

At present, the mining pool industry is facing fierce competition. There are not only the old fish pool, continental mining pool, emerging currency printing pool, but also the three emerging exchange mining pools. Currently, the top 10 Baxter mining pools have basically quit bitcoin mining, and the mining pool industry will face greater reshuffle and changes after the bitcoin is halved.

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