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Bitmain Is Moving To Europe But MoonLite Got There First

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Ask anyone familiar with the bitcoin space to name a bitcoin mining company and chances are they’ll say Bitmain. Bitmain is a privately-owned multi-national semiconductor company headquartered in Beijing, China, which is known for two things – one, for its range of industry gold standard bitcoin and other cryptocurrency mining equipment, Antminer, and two, for its operating one of the worlds largest bitcoin mining farms in Inner Mongolia, an autonomous region that’s part of China.

Over the last six months, however, regulatory actions from the Chinese government have forced Bitmain to reconsider its operational approach. Sure, Mongolia is autonomous from central China, but this far from insulates Bitmain from the whims of the Chinese government and, as such, there have long existed rumors that Bitmain will diversify its geographical approach and set up shop somewhere that isn’t as susceptible to government action.

And this week, we got confirmation of these rumors.

The company just announced a brand new arm of its mining operations, a subsidiary, called Bitmain Switzerland that, as its name suggests, is located in Switzerland. Europe has proven incredibly accommodative of cryptocurrency companies both from a regulatory and a local talent pool perspective and when these factors are coupled with the geography, climate and tax aspects of a North Central European location, it looks as though Bitmain has made a smart decision.

There’s another company, however, that’s beaten Bitmain to the punch – MoonLite.

And in the case of MoonLite, investors are able to pick up an exposure to the company’s growth right now.

MoonLite is a bitcoin mining company that is currently conducting an initial coin offering (ICO) designed to raise the capital it needs to build and operate a large-scale bitcoin and other cryptocurrency mining facility in Iceland. Just as is the case in Switzerland, Iceland is very well placed as a home for a bitcoin mining facility for a variety of reasons – tax law, climate (it’s cool enough to not require expensive cooling equipment), talent pool (Iceland has a 100% literacy rate) and, perhaps most important, unrestrictive government regulatory activity.

MoonLite aims to have the first phase of its mining operations live by August 2018, at which point the company will have 28,000 Ths hash power dedicated to bitcoin mining and 504,000 Mhs to Litecoin mining.

In a subsequent phase 2, this will rise to 56,000Ths for bitcoin, 504,000 Mhs for Litecoin and will include Dash mining at 15,000Ghs.

By a third phase of the company’s operational rollout, the Icelandic facility will be mining bitcoin at 120,000 Ths, Litecoin at 1,008,000 Mhs and Dash at 30,000 Ghs.

In other words, this is going to be a very large operation and it’s going to position MoonLite as one of the leading bitcoin and alternative cryptocurrency mining companies in the world.

So how can an investor that wants to pick up an exposure to this facility (and subsequent growth) do so?

As mentioned above, the company is currently in the early stages of an ICO, with a pre-sale currently underway. As part of the pre-sale, MoonLite is offering bonus tokens to any participants, with the bonus available between 100-300%, depending on the scale of participation of the individual in question.

Once the presale completes (and it’s live for another two and a half weeks), the sale will move into a second phase whereby investors will receive a 50% sign up bonus and – subsequent to the second phase – a third phase will open whereby no bonus is available.

In the current phase, 1000 of the company’s tokens (called MNL) are available for 1ETH and investors looking to participate can do so using a range of different methods, including Visa and MasterCard (for those not wanting to first purchase crypto) and the spectrum of top-tier coins – Litecoin, bitcoin, Dash, Ripple and more.

Check out the Moonlite whitepaper here for more information.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Christian Barrette via Flickr

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Bitcoin

Behold The Cryptopreneurs – Overcoming The Obstacles Facing The Blockchain Industry

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Integrating blockchain technology is fast becoming a necessity for enterprise ventures and small or large businesses, but with a growing number of choices in the tech revolution, it’s difficult to pick a direction without feeling overwhelmed or taken advantage of. This is where BEHOLD THE CRYPTOPRENEURS comes in.

Private keys, the myth of anonymity, and the battle against anarchist ideology are only a few of the difficult challenges faced by businesses that want to incorporate blockchain into their culture. Author Dennis H. Lewis guides the reader through those challenges and helps them discover the true potential of investing in this new economic paradigm.

Every business has pain points that must be overcome in order to branch out and thrive in an ever-changing commercial environment. Blockchain has real world solutions and cryptopreneurs are not limited to the cryptocurrencies they invest in but rather how they seize economic and technological opportunities to make it work for them.

Innovation, trust, and solutions can differentiate your business from all the noise, but without a solid marketing plan, a cryptopreneur can have the best idea and never get far. Remember: a million great ideas times zero market presence equals zero success.

Investors want to know there is public interest and enthusiasm in a project before they commit any money to it. As a cryptopreneur, you are tasked with generating that interest from the…

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