When it comes to Bitcoin mining, a few choice firms take center stage while others get pushed behind the curtains either due to a lack of marketability or an already established market share by older players which proves to be difficult to penetrate.
And sometimes, those efforts involve bold claims that have the potential to garner the attention of hundreds and thousands of entities that are associated with the world of cryptocurrency.
Bitmain, a Beijing-based company which designs and produces bitcoin mining equipment, published on July 22, 2018, its first statistics report on the amount of its in-house mining operation and it’s already caused some controversy.
As of July 26, 2018, bitcoin is trading at about $8,200 and blockchain venture capitalist Spencer Bogart believes there are many catalysts which could send bitcoin prices even higher, or bring them down rapidly.
After sinking to a year-to-date low price below $6,000 in late June 2018, bitcoin price has jumped back to above $7,000 and as of July 20, 2018, trades at $7,482. This has fuelled hopes that the race is back on. Some would go as far as to say it might become digital gold, with its market cap more than tripling with the help of physical gold.
The amount of computing power used by Bitcoin’s network of computers to create new coins has risen dramatically since 2017 despite the drop in the Bitcoin price.
ItBit was launched back in 2013, and as a U.S. financial services company that acts as both a Bitcoin exchange and an over-the-counter trading desk it could have been a major competitor to Coinbase, but it didn’t turn out to be that way at all. ItBit also has the distinction of being the very first U.S. regulated Bitcoin exchange, having received that status all the way back in 2015. In addition to its headquarters in New York, it also has an international office in Singapore.
Searches for “Bitcoin” keyword still hold more sway on Google than those for popular singer Beyonce, even at the time when the cryptocurrency sees its value plummeting. This is an observation made by Brian Kelly, founder, and CEO of Brian Kelly Capital, who recently appeared on CNBC’s “Futures Now” to comment on the recent events that rocked the cryptocurrency world.
GMO Internet, the Japanese IT behemoth has unveiled its new Bitcoin ASIC miner that uses a 7nm chip. The hardware is touted as being a “from-the-ground-up” Bitcoin mining rig designed in Japan but built in Taiwan. The launch of the miner is another feather in the cap of GMO Internet as it solidifies its position in the Bitcoin market. The company has in recent years expanded from its IT roots to be a major player in the Bitcoin mining arena. Recently, the firm announced the launch of its Bitcoin-based rewards system for mobile gaming.
Bitcoin vs Bitcoin Cash – what is this? If you’re just entering the cryptocurrency sphere in 2018, you’re in for a treat. The past year has been one of the most exciting years in the crypto-scene, full of drama, scams, forks, and new and often confusing regulations. If you’re just starting to read up on things, the chances are, you’ll encounter chaos as you’ve never faced before, and the difference between BTC vs BCH is one of the things you should learn first.
Booming and crashing markets, thousands of different tokens and coins, different block chains, scaling technologies, fake news, millions of new blogs popping up everywhere — all in all, it’s just one big mess. On top of that, after getting spammed about Bitcoin over and over again, you finally decide to see what’s all this fuss about, and you come to learn that there’s more than one Bitcoin?
What kind of sorcery is this? Here you go – a comparative study of Bitcoin vs Bitcoin cash!!