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Product Hunt Daily Digest
August 6th, 2018
When there's a gold rush, start selling shovels. 🤑

As cryptocurrencies exploded last year, multi-million dollar mining farms plugged in around the world to confirm transactions for Bitcoin, Ethereum, Zcash, Dogecoin, and hundreds of other token networks.

In exchange for confirming transactions, miners get paid big bucks. Every confirmed block of Bitcoin transactions pays out 12.5BTC, or ~$87k every ten minutes. Bitmain, a leading mining group, is reported to have made $3-4B... just last year. 😮

Meet the newest shovel salesman: Argo Mining, which just went public in London and raised £25M. Pick your preferred coin, choose a mining contract, and the coins will start flowing into your wallet. Over 50,000 are on Argo's waiting list for their Canadian-based rigs.

Cryptocurrency mining contracts have excited since bitcoin mining took off years ago, but it's not typical to see blockchain companies go public. We'll have to wait and see if Argo Mining can find a loyal group of miners.

Want to try mining yourself? This nifty browser extension lets you donate your processing power to charities like The Hispanic Foundation, or to help people get out of jail.

And if all of this is confusing, here's a beautiful visual demonstration of the technology behind Bitcoin, Ethereum, and more. ⛓️📦

Evvverybody is pivoting to video. We've partnered with our friends at StackSocial to get you exclusive access to a powerful video builder and editor for your next startup launch for less than the price of a MacBook Pro charger.

The Information
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