Blockchain tech is on the verge of disrupting every aspect of life as we know it. Its authenticity and availability to anyone, regardless of status or wealth, is the great equalizer the world has been looking for.
I just got done watching an incredible documentary that really illustrates why banks will be a relic and places like mining farms will replace them in importance in the future.
Miners of cryptocurrencies are the backbone of the blockchain, verifying and validating transactions as they compute incredibly difficult math problems that secure the blockchain’s data.
In theory, miners are incentivized to support the blockchain by crypto economics, but in practical terms, it’s by being paid in the exact currency they have set out to mine.
In this documentary, you will learn about Hive Blockchain Technologies, a cryptocurrency mining company. Hive was formed as a marriage between the Fiore Group and Genesis Mining (the largest cryptocurrency mining company in the world). Genesis Mining is a 30% shareholder in Hive who also operates and manages the mining farms.
With Hive Blockchain Technologies, the upside does not only lie within the upside in cryptocurrencies, but in all use cases of blockchain tech.
Essentially, every aspect of our lives will be changed by the implementation of blockchain tech.
Bitcoin is now consuming more power than 159 countries. We are talking about slightly more than the country of Morocco, and slightly less than Bulgaria. It’s not exactly easy for the average person to mine and make big money at home on their ordinary computers.
Hive’s data centers are strategically located in the cool climates of Iceland and Sweden. The Enigma facility in Iceland actually has more computing power than the world’s number one supercomputer.
Hive is a combination of the brightest Bitcoin entrepreneurs, Genesis Mining, and some of the most sophisticated public company builders on the planet.
I’m talking about Frank Holmes, who’s the chairman of U.S. Global Investors, which manages $3 billion.
It’s a strategic partnership with the Fiore Group, which is the same team that created the Hollywood studio Lionsgate Entertainment, as well as one of the largest gold companies in the world, Goldcorp.
Hive Blockchain Technologies is capitalizing on blockchain tech, which is reshaping what is possible. Take some time to enjoy this documentary, which will enrich your knowledge on blockchain tech and the future of the world we live in.
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
Crush The Street “CrushTheStreet.com” is owned by Future Money Trends LLC. Never base any decision off of our advertorials. Crush The Street stock profiles are intended to be stock ideas, NOT recommendations. The ideas we present are high risk and you can lose your entire investment, we are not stock pickers, market timers, investment advisers, and you should not base any investment decision off our website, emails, videos, or anything we publish. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this profile was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. Never base any investment decision from information contained in our website or emails or any or our publications. Our report is not intended to be, nor should it be construed as an offer to buy or sell, or a solicitation of an offer to buy or sell securities, or as a recommendation to purchase anything. This publication may provide the addresses or contain hyperlinks to websites; we disclaim any responsibility for the content of any such other websites. We are long HIVE Blockchain Technologies and have received options directly from the company. We are also in the process of buying additional shares. And have been paid two hundred and fifty thousand Canadian dollars for three years of digital marketing paid for directly by the company. Please use our site as a place to get ideas. Enjoy our videos and news analysis, but never make an investment decision off of anything we say. Please review our entire disclaimer at CrushTheStreet.com.