Crypto Mining Opportunities Ramp Up as Bitcoin Bonanza Causes Demand to Surge, Despite Shortages
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For the first time in its history, the world’s most popular cryptocurrency, Bitcoin (BTC), surpassed the US$50,000 mark. Cryptocurrencies are gaining support from all types of large firms, from automakers, to credit card companies, to big banks. However, with the increased demand, a new issue has arisen, in the form of a global chip shortage that hampers smaller-scale digital miners whose efforts compute these digital currencies into existence. Prices for graphic cards are soaring, which is giving an advantage to companies that have secured their crypto mining infrastructure ahead of time, such as rising social media platform Hello Pal International Inc., miners CleanSpark, Inc. and Hut 8 Mining Corp., hardware makers NVIDIA Corporation and Advanced Micro Devices, Inc..
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With a quickly growing user base of over 5.4 million users from over 200 countries, app developer Hello Pal International Inc. is leveraging its international live-streaming, social messaging, and language learning mobile platforms to mine the popular cryptocurrencies Bitcoin and Ethereum.
After securing a strategic partnership with established cryptomining company Yitang, users of Hello Pal’s platforms can now take part in the mining action through buying mining machines—either as individuals or as a group, with options to purchase fractional machines also available.
By putting together this offering, Hello Pal has given its users an opportunity to participate in Bitcoin and Ethereum mining with simplicity and convenience.
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The new initiative leverages Hello Pal’s platform advantages, which are bolstered by its primary strength of allowing users to make new friends in countries all over the world. With over 200 countries feeding into its user community, Hello Pal holds an advantage that many of the biggest social media platforms in the world don’t—namely the permission to operate both inside and outside of China.
“It’s been our intention for cryptocurrency to play a central part on our platform, especially given the borderless nature of cryptocurrency and our international nature,” said KL Wong, Founder and Chairman of Hello Pal. “The recent activity and interest in cryptocurrency presents us with a unique opportunity to introduce cryptocurrency to our users, as well as to bring cryptocurrency users to our platform.”
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