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Mining operations that process SHA-256 coins like BTC and BCH saw revenues slashed due to the bear market lows at the end of 2018. Revenues continued to fall into the new year, but over the last few weeks, network hashrates have been climbing again. A report published on March 4 details that even though mining profits dropped to a 19-month low in February, gross margins still grew by 39 percent.
Also read: An In-Depth Look at Ethereum’s Maker and Dai Stablecoin
Cryptocurrency payment processor BitPay, which was founded in 2011, had a record year for revenue in 2018, as the company’s B2C and B2B operations grew substantially. BitPay Sees Record Year for Revenue in 2018, with $ 1 Billion in Transactions https://t.co/s3fVrm3kZw #Fintech #Blockchain pic.twitter.com/Z6d2x2c1fW — BitPay (@BitPay) January 16, 2019 According to a recent announcement, BitPay processed over $ 1 […]
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The post Blockchain revenues forecasted to hit $ 10.6+B by 2023 appeared first on CoinReport.
New research from Diar has revealed that while the price of bitcoin remains 40 percent higher than a year ago, and bitcoin miners have achieved record revenues of $ 4.7 billion this year, a host of factors including increased competition and computing power have combined to make bitcoin mining less profitable than before. The report says
The post Bitcoin Mining Firms are Seeing Record Revenues, But Little Profit appeared first on CCN
Industry giant Nvidia unveiled its new GeForce RTX™ 2000 series of graphics card this week, within days of making a focused retreat from the crypto mining retail space. The American hardware corporation has introduced three graphics cards in the new series: RTX 2070, RTX 2080, and RTX 2080 Ti. The range promises to deliver up
The post Nvidia Launches Latest Retail GPU Cards While Playing Down Crypto Revenues appeared first on CCN
Derivatives trading platform provider Plus500 posted a 284% increase in revenues in the first quarter of this year compared to the previous year, largely due to high levels of interest in its cryptocurrency CFDs offerings.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
On Tuesday, contracts for difference (CFDs) market provider Plus500 released its quarterly earnings for the three months ended March 31. “Q1 2018 revenues were $ 297.3m, an increase of 284% compared to the same period last year,” the company revealed, adding:
