Post
Topic
Board Bitcoin Discussion
Re: Bitmain has bought Blocktrail
by
kingcolex
on 20/07/2016, 13:54:21 UTC
Their official announcement is here: https://blog.blocktrail.com/2016/07/blocktrail-is-now-a-part-of-the-bitmain-family/

But, I dont understand why BTC.com bought it! They already had a running block explorer.
Money. I don't think Blocktrail gives a shit to what Bitmain does with it now, I am sure they all made a nice profit.
Money for Blocktrail. But, how does it help BTC.com aka BitmainTech ? Why did Jihan spend money on it is question to me.
Well I don't know the specifics but companies usually y reduce their tax by reducing their profit. Investments that seem on the face of it to not be logical could be for this kind of reason. Time will tell if they have other plans.
That is how it works in the US but is China the same?