Tag: bitmain

Riot Blockchain (RIOT.Q) is prepared for next month’s bitcoin halving

If you’re involved or invested anywhere in the cryptocurrency space, then you know that the Bitcoin halving is the biggest event on everyone’s minds. If you’re someone who invests in cryptocurrency mining companies, then you’re probably busy looking at how your investments stack when competing against other companies, and you should be. The halving is going to produce a seismic shock in the way miners do business, and send ripples through the entire community. This is the only asset class where the entire infrastructure shifts every four years to meet an artificially induced change in supply.

Bitcoin’s recovery is a study in the coronavirus, fear and reactionary swings

Bitcoin’s volatility is hard to gauge. Minor spikes and dips happen all the time, and what cryptocurrency enthusiasts consider to be minor are catastrophic and atmospheric bounces to traditional stocks and bonds. But when the shit hits the fan it really distributes the proceeds widely, as we saw earlier this month as the effects of the coronavirus caused a monumental dive in Bitcoin’s fortunes. Since then, though, it’s been in recovery. First in drips and drabs, and then occasionally in large 10% bounces and finally to where we are today, with Bitcoin’s price resting at roughly between $9,000 and $9,500, which is up from its lowest point three weeks ago at $6,773.20.

Riot Blockchain’s (RIOT.Q) cryptocurrency mining plans for 2020 show the method in their madness

Let’s be real for a moment here. There aren’t a lot of blockchain companies out there worth your attention. Most are floundering around with business plans that sounded prosperous in 2017, while others have pivoted away in search of greener pastures. Others have diversified—extending past base cryptocurrency mining or blockchain services into artificial intelligence, IoT and cloud computing—all of which are excellent uses of blockchain tech.

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Crypto 101: Bitcoin mining and its discontents – what to look for and what to avoid

Getting involved in Bitcoin mining used to be as easy as kicking your little brother off of World of Warcraft long enough to log into the server and start the process. It cost little, and gave you a few neat little tokens to shore up your geek cred among your fellow nerds, and maybe your little brother could get a kickback for his time if you order him a pizza or something.