Much like multinational corporations (MNC) with large overseas
operations, miners of
cryptocurrency networks as a whole do not measure the income they receive in terms of bitcoins (or other discrete
cryptocurrencies), but instead they measure their income in terms of «fiat» from foreign financial markets, specifically converting bitcoins
into the local fiat currency where their
mining operation physically resides.
While China has evolved
into a leading domicile for bitcoin
mining, the country's central bankers have been pushing back, triggering a wave of defections among
mining operations to head for more
cryptocurrency - friendly waters in the Western world, more specifically, Canada.
Vancouver, British Columbia --(Newsfile Corp. — November 7, 2017)-- GLOBAL BLOCKCHAIN TECHNOLOGIES CORP. (TSXV: BLOC)(FSE: BWSP)(OTC Pink: BLKCF)(«Global Blockchain» or the «Company») is extremely pleased to announce that its wholly owned subsidiary Global Blockchain
Mining Corp. has entered into an agreement to acquire a 49.9 % interest in Coinstream Mining Corp., («Coinstream») the world's first cryptocurrency mining company to employ the streaming model, providing strategic upfront capital and an additional payment upon delivery of the cryptocurrency, to select, proven, best - in - class operators and operations, in exchange for a stream of future cryptocurrency production, at a fixed
Mining Corp. has entered
into an agreement to acquire a 49.9 % interest in Coinstream
Mining Corp., («Coinstream») the world's first cryptocurrency mining company to employ the streaming model, providing strategic upfront capital and an additional payment upon delivery of the cryptocurrency, to select, proven, best - in - class operators and operations, in exchange for a stream of future cryptocurrency production, at a fixed
Mining Corp., («Coinstream») the world's first
cryptocurrency mining company to employ the streaming model, providing strategic upfront capital and an additional payment upon delivery of the cryptocurrency, to select, proven, best - in - class operators and operations, in exchange for a stream of future cryptocurrency production, at a fixed
mining company to employ the streaming model, providing strategic upfront capital and an additional payment upon delivery of the
cryptocurrency, to select, proven, best - in - class operators and
operations, in exchange for a stream of future
cryptocurrency production, at a fixed price.