{[{item.pair.split("_")[0]}]} ${[{item.price.toFixed(4)}]}
{[{item.change24}]}%
{[{item.change24}]}%
+ Become a member of Interactive Crypto
+ Create a FREE Interactive Crypto Account to Access Premium Content
We’re sorry, but the content you are trying to access is for members only.
CREATE ACCOUNT
May 7, 2020 |
Dan Mitchell | 0 Comments|495 Views
Get Into Cryptocurrency Trading Today
On May 5, 2020 Riot Blockchain released a ‘Production Update’ for the month of April 2020, which included the latest official news regarding the company’s mining operations: including hardware distribution, procurement, and performance.
The company announced that it had successfully produced 108 new Bitcoin tokens between the dates of March 31, 2020 and April 30, 2020: which constituted an increase of 13% to the company’s total BTC inventory. This was achieved using Riot’s fleet of 4000 Bitmain S17 mining rigs, which the company claims have a “combined hashing power capacity of 248 Petahash per second (“PH/s”).
Production rates are only likely to increase in the future, with Riot having announced that it had purchased 1000 top-of-the-line Bitmain Antminer S19 Pros which it hopes to arrive “by early July 2020”. The company believes that this will result in a 46% increase in operating hash rate.
"[We have] expanded our co-hosting services to meet the needs of first-in-class cryptocurrency mining companies and we are excited to partner with Riot Blockchain. With the upcoming halving, Coinmint's low-cost electricity and 120MW of capacity will allow Riot to continue to grow operations even as bitcoin rewards are reduced." - Ashton Soniat, CEO of Coinmint
300 of the 4000 rigs currently being operated for Riot Blockchain rigs had only been deployed recently, for a trial period as part of a recent partnership between Riot Blockchain and Coinmint (announced April 14, 2020).
The hardware was sent from Riot’s Oklahoma City, Oklahoma office to Coinmint’s Massena, New York facility (located inside a refurbished Alcoa Aluminium smelter) to test expectations of increased efficiency and the potential for expanding hashing capacity.
Coinmint describes its operation as being “the largest digital currency data center in the world”: providing off-site mining services to clients: offering “modular design for maximum efficiency” in addition to “low cost, large scale mining”. Other partners beyond Riot Blockchain include Cointelegraph.
Riot Blockchain is a multifaceted organisation which focuses predominantly on its blockchain operations specifically cryptocurrency mining (Bitcoin) - as well as maintaining a biotechnology business which the company was originally founded behind (before changing its name and direction).
It is also one of the few examples of a blockchain company that is listed on the Nasdaq global stock exchange (under the symbol ‘RIOT’), a fact which drew legislative ire in the form of a recently dismissed lawsuit.
A document filed April 30, 2020 revealed that a lawsuit initiated originally by Creighton Takata had concluded after it was dismissed by a District Court Judge. This lawsuit pertained to the defendant’s 2017 name change (from ‘Bioptix’ to ‘Riot Blockchain), and accused the company of changing its name as a means of artificially boosting its share price.
Conversely, the defendant stated that the name change was purely representative of its directional shift in business focus towards cryptocurrency and blockchain sectors.
University of Cambridge’s ‘Cambridge Centre for Alternative Finance’ (CCAF) has released the ‘Bitcoin Mining Map’ which provides data visualisations based on approximations of the geographical distribution of global Bitcoin hashrate - including hasrate share by country. This tool provides free access to valuable insights on the state of global Bitcoin mining.
All COINS
TRENDING
WATCHLIST
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Market Cap {[{ marketcap }]}
Symbol
Price
Change
Chart
Trade
{[{ item.pair.split('_')[0] }]}
${[{ item.price }]}
{[{ item.change24 }]}
{[{ item.change24 }]}
Riot Blockchain: 108 New Bitcoins Mined and 1000 New Antminer S19 Pros To Be Deployed
On May 5, 2020 Riot Blockchain released a ‘Production Update’ for the month of April 2020, which...
Legit Sites for Crypto Mining
Two of the reliable ways to acquire crypto are through mining or purchasing. Most of the coins...
Bitcoin Copping with The Pandemic
The coronavirus pandemic has been massive in the world. Almost all sectors have stagnated. After...
1 DOGE to USD | What is Dogecoin, Exchange Rates?
Dogecoin (DOGE) is, according to the official website, a decentralized and “open-source...
Bitcoin A Peer to Peer Electronic Cash
In 2008, Satoshi Nakamoto unveiled a whitepaper. It had the title; Bitcoin: A peer-to-peer...
1 DOGE to USD | What is Dogecoin, Exchange Rates?
Dogecoin (DOGE) is, according to the official website, a decentralized and “open-source...
Plus500
Risk warning: 80.5% of retail investor accounts lose money when trading CFDs with this...
EOS Price Soars by 30% as eosDAC Release Date Approaches
While cryptocurrencies have seen a severe slump in their values during last few months, against...
Best 10 Cryptos to Invest in 2020
Investing in crypto takes time. Besides being a new medium of exchange, several coins available...
Free & Fast BTC Mining
The more Bitcoin becomes popular, the more miners it attracts. Mining the coin comes with...
What Are the Disadvantages of Bitcoin?
Does Apple accept Bitcoin?
Can I buy house with Bitcoin?
Can I transfer Bitcoin to my bank account?
What companies use cryptocurrencies?
Is Ripple The Cryptocurrency of 2018? - In Depth Review of Ripple XRP
What Is Ripple? / DefinitionRipple is a name for a cryptocurrency denoted by Ripple XRP and it's als...
Is IOTA Going to Overtake Bitcoin and Other Cryptocurrencies? - IOTA (MIOTA)Review
Verge Review
Binance Review
Dogecoin Review
LegacyFX
Many forms of cryptocurrency and altcoin trading are available in today’s financial markets. A...
Excentral
Risk warning: CFDs are complex financial products. They have a speculative character. Trading in...
EagleFX
EagleFX is one of the latest forex trading brokerages to join the sector. It got founded back in...
Vantagefx
VantageFX is a leading Australian forex broker that specializes in ensuring the complete and ful...
Xtrade
Xtrade is one of the most popular financial trading sites in the world. Started over a decade ago, t...
Mobi
Are you someone who makes international payments regularly using Bitcoin? Or do you travel a lot and...
Bitcoin.com
Bitcoin.com is a free downloadable Bitcoin wallet that allows users to trade and receive Bitcoins. T...
BTC.com
Created by Bitmain in 2016, BTC.com is a leading open-source Bitcoin and Bitcoin Cash storage platfo...
Cryptopay.me
Updated, Apr 04, 2020 Cryptopay is a revolution for Bitcoin users. This platform offers its custo...
Mycelium
MyCelium is an application for Mobile that offers many possibilities of security and confidentiality...
COMMENTS
0 Comments
Like this article