MyBit Partners With Alpine Mining

MyBit intends to be a first-class platform by giving users the opportunity to invest in Internet of Things devices on the ethereum blockchain
30 January 2018   2108

MyBit, an open source decentralised platform, has announced on Tuesday that it has partnered with cryptocurrency mining company Alpine Mining to help to tackle the issue of environmental sustainability regarding blockchain technology.

There’s a lot of excitement around the internet of things and blockchain right now. Globally, the market for IoT devices is projected to grow to $8.9T in 2020. Here at MyBit, we’re making buying, selling and monetising them as easy as using an app. And through our partnership with Alpine Mining, we’re bringing our tech to the mining community for the first time.

 

Ian Worrall

CEO, MyBit

According to the announcement, MyBit and Alpine Mining will offer distributed ownership of mining operations for every budget with the ability to scale rapidly. By integrating in the MyBit platform users will be able to co-own existing mining operations, customise or crowdfund their own.

MyBit added that as well as their partnership with Alpine Mining, the company is seeking to team up with other companies in the industry to help non-blockchain businesses to bring their IoT devices to new audiences.

Mining Ban in China Won't Affect Bitmain & Canaan

This is said by the companies themself; also, Bitmain and Canaan did not indicate whether they intend to move the business abroad
11 April 2019   206

The prospect of a ban on mining in China will not have an impact on the operating activities of mining giants Bitmain and Canaan in the short term. This was stated by representatives of the press services of companies, 8btc reports.

At the same time, Bitmain and Canaan did not indicate whether they intend to move the business abroad, if the mining ban is set at the legislative level.

Note that China currently holds a dominant position in mining Bitcoin and Ethereum.

According to local cryptoexperts, mining equipment manufacturers will exist as long as Bitcoin has value.

Earlier in April, the National Development and Reform Commission of China issued a bill that called mining an “undesirable industry” and proposed banning it.

So far, the initiative has no legal force. Public discussion of the bill will last until May 7.