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. ⛓️📦