Urban Television Network To Begin Bitcoin Mining In November
Publicly-traded Urban Television Network Announced They Are Expanding Their Operations To Include Bitcoin Mining Starting In November.Publicly-traded Urban Television Network (URBT) announced on August 9th that they are expanding their operations to include Bitcoin mining starting in November. The company’s mining operation will target Bitcoin mining specifically and will seek to scale its operation quickly through its large audience and investor base. According to their press release, Urban Television Network has acquired about 200 Bitcoin miners in preparation for their mining venture.....
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A Chinese tea retailer is looking to make its inception into the bitcoin mining business. Publicly-listed Urban Tea announced the expansion of its operations by appointing two executives to pursue its crypto plans. Urban Tea Praises Cryptocurrencies’ Widespread Popularity Per the announcement, Urban Tea Inc. hired Fengdan Zhou as the company’s new chief operating officer and Dr. Yunfei Song as an independent director. The tea retailer expects the new roles to lead the “company’s critical strategic expansion in blockchain and cryptocurrency mining.” Zhou will....
Urban Change Protocol is the world’s first decentralized blockchain protocol that enables any urban community to have their own urban coins created to drive economic and social prosperity. $5.5 million has been raised towards the development of the Urban Change Protocol in a recent investment round backed by Aleph, Node.Capital, DCG, Borderless, Algorand Foundation, Alumni […]
Urban Tea has hired two new executives ahead of its expansion into cryptocurrency mining.
There is one major impediment global Bitcoin adoption: the Bitcoin network lives on the Internet. Right now, the Internet is only available to a small portion of world's population. But apparently there are other ways of connecting to the network. Thanks to Kryptoradio, users may be able to broadcast Bitcoin worldwide using national television broadcast. Merchants and consumers will be able to connect to the network and receive transactions, with any standard digital television device. It could have interesting implications. For example, in regions where Internet access is patchy at best,....
Bitcoin mining is perhaps best viewed as a speculative endeavor. Miners take electricity and turn it into bitcoin, hoping that they can generate a profit when the cost of producing the digital currency is less than the amount spent on power. When they can't, miners have two options – they can begin mining another cryptocurrency or shut down their equipment for good. For some miners, the recent bitcoin halving forced this very choice. Early this summer, the amount of bitcoins the network was programmed to pay out per block was cut in half, falling from 25 to 12.5 BTC. In a matter of....