Bitcoin miningbedrijf in Hut 8, in the second quarter of 2019 and again, a profit is turned on after the loss of 2018, as reported in the publicly listed Canadian company, in a press release. The founder of the company, the Dutch Marc van der Chijs, who lives in Canada and is known for his unorthodox statements about the bitcoin price.
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Bitcoin mining has become profitable again
Over the last quarter, the company has approximately 28.3 million of Canadian dollars (CAD) to revenue, while in the same quarter of the previous year, with 7.8 million CAD, for a lot less. The company’s gross profit amounted to € 13.1 million, while last year the loss has been made in quarter two.
Amounts are in Canadian dollars (1 CAD = 0.75 AND US$)
The last quarter was the most profitable in the history of our company. We have found the operational costs can be lower, while the price of bitcoin as of april 2019 has risen sharply.
Andrew Kiguel, CHIEF Hut8
Hut 8’s use of the Bitfury chips to make BTC to mine.
(Or computer)to become a millionaire
The founder of Hut 8 enterprise, Marc van der Chijs, is known as a successful businessman, and bitcoin maximalist. The Dutchman has already had several successes to his name.
So, he set up in China in 2005, Tudou, the Chinese equivalent of Youtube, in 2012 and acquired by a competitor Yukou, for the nice sum of $5 million. In China, he has been active in the gaming world (Spil Games Asia, UnitedStyles, Uvamo.com and Dianrong.com). In his new home country of Canada, raising capital, technology, and blockchainbedrijven, including Hut8.
More recently, he has been a personal blog, a report on a visit to a mining farm and Hut8.
We met him last year at a blockchainevent at the Rabobank head office in Utrecht, the netherlands. Therein, said he has the ambition to be a cryptobank to focus on.
Mine 1 bitcoin: $2.757
The “cost” of Hut 8 to the own, $2,757 for a single bitcoin to mine, and while the price is currently around $9.500 is. The year is 2019 and launched with a price tag of $3.700. Please see below for the progress that BTC has gone through.
source: the Messari
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