The bedrock of cryptocurrency is proof-of-work (POW) mining. Simply defined, a mining rig (computer server) competes with other rigs in the network to solve a mathematical puzzle. Solve the puzzle, process the transactions, and get a coin. Because there was “work” involved in processing the transactions, there is “proof” that the transactions are correct, hence the term “proof-of-work.”… Read More »
The real money in real estate isn’t flipping houses but being a landlord. DMG Blockchain Solutions (TSXV: DMGI) has begun trading on the Toronto Venture Exchange. DMG has several business models but their first attention-grabber for the public markets is being a huge mining-as-a-service bitcoin provider. Their mining facilities across Canada have a current capacity of 40 megawatts and they… Read More »
Today I bought Bitcoin futures on the Bitmex exchange (the largest Bitcoin futures exchange in the world). The order was a small percentage of my portfolio. It’s a risky trade and I don’t wait to lose too much sleep over it if Bitcoin heads south again I believe we will see more turbulence and weakness in the market… Read More »
When I research blockchain stocks, the first thing I ask for is a finished product—because that’s rare. Having a finished product is actually The Gold Standard at this early stage of the Blockchain industry, which is just getting adopted into many verticals. If your company or start up has a real product, you move up my food chain dramatically.… Read More »
Canadian brokerage firm GMP Equity Research has placed a “speculative buy” on HIVE Blockchain Technologies (HIVE-TSXv) with a target price of $5.35 CAD. (current price is $2.99). After wading through the 22-page report for most of this morning, I found a chart that, IMHO, really illustrates what is going to happen to the stock in the short term.… Read More »
The old hands in trading Bitcoin were not surprised when January saw a sharp correction in Bitcoin. On January 1st, the price was $13,621 USD. Today it stands at $11,700. On the Asian markets, Bitcoin did even worse dropping briefly below $10,000 before recovering to just over $11,000. Why is it not a surprise? For three of the… Read More »
