Blockstream Launches Crypto Tipping App

Blockstream has announced the release of Nanotip, which is designed to test Blockstream implementation of the Lightning Network
27 March 2018   1545

Blockstream is the provider of blockchain technologies working mainly in cryptography and distributed systems. From fraud to counterfeiting, from security to confidentiality, from accountability to transparency, it has a mission to solve problems that undermine trust in today's financial systems.

Blockstream has stated that Lightning Network offers new possibilities for Bitcoin as it relies on unique payment requests, stepping away from the static addresses that create privacy implications when tipping on Bitcoin.

Blockstream lightning nanotipBlockstream Lightning Tip Box

On March 24 Blockstream has announced a solution for this problem with Nanotip, which is designed to test Blockstream implementation of the Lightning Network.

The nanotip LApp solves Lightning’s payment-request problem for tipping by creating a simple web server that writes Lightning payment requests on the fly. It gives each content provider their own tip-bot, but does it in a way that keeps those creators in total control, while giving them stronger privacy than a classic Bitcoin tipjar. Meanwhile, patrons of a creator or service can choose exactly who and how much they want to tip and will receive a Lightning invoice to do so with lightning speed.
 

Blockstream announcement

Moreover, on March 26, Blockstream has released Nanopos, a system for businesses with fixed-price items like, for instance, coffee shops. It work like that: the buyers choose their items and receive a QR code, which they can use to make a payment to the vendor’s Lightning Charge server.

Blockstream believes that Lightning Network can become the mechanism for everyday commerce, and will work on developing and improving the services.

Argo Blockchain to Report on x10 Revenue Increase

For the 2019, the company received Bitcoin mining revenue of £ 8.5 million, in 2018 it was £ 760,000
20 January 2020   97

Bitcoin mining company Argo Blockchain said this Monday that its revenue from its core business in 2019 increased 10 times. According to a press release on the website of the London Stock Exchange (LSE), where Argo shares are traded, for the first full year in business, the company received revenue of £ 8.5 million compared to £ 760,000 in 2018.

Argo listing on the main LSE market took place in August 2018. The data presented were not audited - the reports after the audit will be available in April.

The company clarifies that in the fourth quarter of 2019, it mined 432 bitcoins, which is six bitcoins higher than in the third quarter. However, in the last quarter, the company's revenue fell to £ 2.66 million, while in the third quarter it was £ 3.63 million.

Our mining operations continued to generate industry-best mining margin in the last quarter despite a softening in market conditions from the previous quarter. Our state-of-the-art mining platform is performing as expected and with the expansion of our mining network on pace, along with the recent rise with the price of Bitcoin, Argo is well-placed for a strong year ahead.

 

Peter Wall

Argo Blockchain CEO

 The company is increasing mining capacity in anticipation of halving and currently has 13,364 devices, including 6,375 Bitmain Antminer T17s, which were installed on January 1. By the end of the quarter, Argo intends to add another 3,625 of the same miners. It is estimated that with a full set of 17,000 devices, its computing capacity will exceed 650 petaheches.