Why Timothy Coles is Selling His $2 Million Gold Mine for Bitcoin
Timothy Coles is the man behind the profitable gold mine in the Yukon city of Dawson currently for sale for just over 3,200 BTC on luxury marketplace BitPremier. With more than 30 years of experience in the gold mining industry, Coles brings a unique perspective to digital currency and the concepts that underly the technology. He sees bitcoin as a one-of-a-kind type of asset. Coles told CoinDesk that he first learned about bitcoin while wintering in the Philippines. Casual research grew into more active investigation, leading to discussions about how bitcoin might fit into plans to sell....
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Yukon Gold Mine for Sale. Bit Premier, The Bitcoin Luxury Marketplace, has a profitable Gold Mine advertised for sale. The Gold mine is situated in Dawson City, Yukon. Canada and the price asked is 3,079.292 BTC. This is the first offering of its kind on the Bitcoin market and is a genuine opportunity for someone. The Mine comes complete with 1 Million dollars worth of mining equipment and sales of over 1 Million Dollars per annum. The advertisement states: The very first offering of its kind on the Bitcoin market; a proven, profitable gold mine located in the heart of Dawson City, Yukon,....
Among that many things bitcoin can buy you in today's day and age, you probably wouldn't expect a gold mine to appear anywhere in the list. Although it has, and it's even touted as being 'profitable'. Listed on BitPremier, a website dedicated to selling luxury items payable for in bitcoin, the mile is listed as being located in Dawson City, in Yukon, Canada. Description, as provided on the listing [link]: The very first offering of its kind on the Bitcoin market; a proven, profitable gold mine located in the heart of Dawson City, Yukon, Canada. Home to television programs such as History....
The unnamed parent company of a Yukon, Canada, gold mine is now for sale on high-end bitcoin-only marketplace BitPremier for an asking price of $2m in BTC. The listing indicates that the more than 3,000 BTC price tag includes the gold mine itself and all its associated assets, including $1 million worth of actual mining equipment, the rights to one mining property and the lease agreement to another mining lot. The ad suggests that the purchase could be a profitable one for the buyer as well, stating: "Any new buyer could recoup their initial investment in as little as two mining seasons."....
Timothy Draper, co-founder of VC firm DFJ, is putting more money into the Bitcoin ecosystem, reportedly. Coming across the wire today by way of Re/code is news that Coinbase Series C funding is being raised right now. According to sources close to the deal, Coinbase is expected to take in between $40 million and $60 million USD in fresh new capital. The new round is expected to be led by DFJ. Coinbase has previously raised $31 million USD in funding over the last few years. Since Coinbase's inception in 2012, the company has received recognition both from within and from outside the....
Want to use your computer to mine for gold from the comfort of your own home? A new decentralized gold-backed cryptocoin called INNcoin was publicly released Wednesday by U. S. precious metals dealer Anthem Vault, and it allows you to do just that. Other than the cost of personal resources used by your computer, the entire process is free and largely an educational and promotional experiment that Anthem is conducting in a proof-of-concept fashion - to both raise awareness and demonstrate how alternatives to the fiat system can work. Officially named Independence Coin, InnCoin was developed....