Blockstream Launches Bitcoin Mining Hash Rate Token
Blockstream has announced the launch of Blockstream Mining Note, a Liquid-based security token that tokenizes its bitcoin mining hash rate.Today, Bitcoin infrastructure firm Blockstream announced the launch of a Liquid-based security token called Blockstream Mining Note (BMN), envisioned as a way to give investors exposure to Bitcoin mining.“Each BMN token entitles investors to hash rate produced by Bitcoin miners at Blockstream’s colocation facilities around the globe,” according to a Blockstream press release shared with Bitcoin Magazine. “The BMN allows investors to mitigate risk beyond....
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Blockstream has announced the launch of a new security token backed by the company's mining facilities. Canadian-based Blockchain tech company Blockstream announced the launch of a security token backed by the company's mining production on March 29. It offers an alternative to investing in Bitcoin mining stocks, with the company providing non-US qualified investors exposure to Bitcoin mining through the Blockstream Mining Note security token. BMN represents 2,000 terahash per second of hashrate from Blockstream's mining facilities.The Bitcoin mined for BMN will be held in cold storage....
The Ethereum mining hash rate has reached a new all-time-high (ATH) value after completely recovering from China’s crackdowns. Ethereum Mining Hash Rate Makes New ATH The ETH network hash rate has made a new ATH record as the average daily hash rate reached 715k GH/s on Sunday. As Ethereum currently uses a Proof of Work […]
Adam Back of Blockstream announced that his bitcoin mining facility will leverage Tesla equipment and produce a 30 PH/s hash rate.
Hash rate plays a vital role in every Proof-of-Work (PoW) blockchain. It measures the computational drive for all transaction verification and block additions to the network. Hence, the Bitcoin hash rate represents the number of people involved in BTC mining. As the number of miners increases, the hash rate will also increase. This results in maintaining the security and stability of the Bitcoin ecosystem. Many investors will consider hash rates before engaging in any project. Before now, the BTC price and hash rate have maintained a direct proportionality relation. This is because there....
On April 15, a widespread power outage in North China led to a sharp decline in the Bitcoin hash rate. Because major mining farms are located in China, there was a 20% corresponding decline in hash rate. The China Hash Rate Crash Of 2021 As a result of the decline in hash rate, backlog in […]