Artificial Intelligence | News | Insights | AiThority
[bsfp-cryptocurrency style=”widget-18″ align=”marquee” columns=”6″ coins=”selected” coins-count=”6″ coins-selected=”BTC,ETH,XRP,LTC,EOS,ADA,XLM,NEO,LTC,EOS,XEM,DASH,USDT,BNB,QTUM,XVG,ONT,ZEC,STEEM” currency=”USD” title=”Cryptocurrency Widget” show_title=”0″ icon=”” scheme=”light” bs-show-desktop=”1″ bs-show-tablet=”1″ bs-show-phone=”1″ custom-css-class=”” custom-id=”” css=”.vc_custom_1523079266073{margin-bottom: 0px !important;padding-top: 0px !important;padding-bottom: 0px !important;}”]

Vortex Announces Investment Campaign To Expand Its Bitcoin Mining Capabilities

Vortex Brands, a Bitcoin mining company, has recently announced an ongoing growth and investment campaign to increase its Bitcoin mining power every month for the foreseeable future. By purchasing additional mining equipment, the company aims to increase the Bitcoin rewards earned, which is expected to increase in value as market conditions improve.

Todd Higley, CEO of Vortex, said, “We believe that now is the perfect time to ramp up our mining capabilities. Several variables are in our favor – the price of mining equipment is relatively low after a few years of sky-high prices, markets appear to be regaining momentum, and the SEC has made staking enemy number one – potentially good news for Bitcoin. We are excited to build on the amazing platform we have already established – it will be an adventure.”

What Is Bitcoin Mining & How Does Vortex Achieve Success?

Unsure how to mine Bitcoin? Well, here it goes. Bitcoin mining solves highly complex mathematical equations to verify transactions and add new blocks to the blockchain. To solve these equations, miners need access to specialist computer hardware equipment – which Vortex invests more money in.

Recommended AI: Lion Announces It Will Explore ChatGPT Related AI & NLP Technologies To Empower Digital Program

A miner’s responsibility is to keep the blockchain safe and secure – but in this case, the miner is a computer, not a person. Essentially, it is a race to solve the equation successfully, and whichever miner does it first receives rewards in the form of Bitcoin.

The more computing power you have, the greater likelihood you’ll be the one verifying a transaction, hence why Vortex wants to increase its Bitcoin mining capabilities. The more reward they earn, the more they can re-invest and share greater profits with their shareholders.

Without miners, Bitcoin and its blockchain would collapse and cease to exist.

Related Posts
1 of 40,656

Vortex works alongside professional third-party data centers, known as Bitcoin farms, to ensure the utmost efficiency in mining performance. Here, their equipment is monitored, maintained, and able to function 24/7, with experts overseeing their progress. For a small fee, this takes Vortex’s mining productivity to another level. Furthermore, as they collaborate with multiple data centers, they can ensure their equipment’s safety. Whereas, if they kept them on their premises, one incident, such as a fire or burglary, could wipe out their entire operation.

Recommended AI: QuickLogic Drives eFPGA Innovation with New Aurora Development Tool Suite

Discussion why third-party data centers are essential, Todd Higley said, “For a Bitcoin mining company our size, it just makes sense. With our vision of continuous expansion, the more hardware we purchase, the larger space we need to operate. We work with partners we trust and know will ensure peak performance and the protection of our equipment. Overall, it saves us rent, 24/7 staff, and ongoing running and maintenance costs. It also removes a lot of hassle and stress.”

How To Invest In Bitcoin Mining?

To mine Bitcoin, you need specialist equipment and the ability to run it, and it’s unlikely to be profitable as a lone miner. Joining a mining pool allows you to collate your power with others and split the rewards proportionally. Alternatively, investing in Bitcoin mining companies like Vortex contributes to expanding mining capabilities and increasing returns as the company grows.

According to Todd Higley, Bitcoin mining could be a fruitful investment due to favorable market conditions. The end of the bear market is approaching, and Bitcoin appears to be the most viable and future-proof cryptocurrency.  “Ethereum, one of Bitcoin’s largest rivals, will be impacted by the news that the SEC is potentially making staking illegal for retail traders.”

Recommended AI: Philips Speech and Sembly AI Launch SmartMeeting As Answer To New Meeting Culture

[To share your insights with us, please write to sghosh@martechseries.com]

Comments are closed.