![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Tuesday, January 11, 2022 4:29:21 PM
“Possibly due to the uncertainty surrounding the ETH PoS merge, many of our competitors have decided not to mine ETH.
HIVE smartly decided to take a different approach. It’s funny because I remember talking to HIVE Chairman Frank Holmes about this issue in 2019. I asked how worried he was about PoS (which I heard was right around the corner). Frank said something to the effect of “they keep putting it off, and we think that’ll continue”.
Frank was onto something back then, so I asked him for a comment on this newsletter, and here’s what he had to say about the state of the ETH PoS merge today.
“We think there’s still a lot of time left to profitably mine ETH. Ethereum moving to PoS is taking longer than expected, and we have positioned HIVE to be a leading miner since 2017.
Mining ETH is highly profitable, and there’s a lot less competition than with BTC. The margins are significant, with a rapid hardware payback period.
Ethereum scaling solutions are maturing, ramping up network throughput, which is critical for further adoption. We believe scaling ETH should be the top priority. That’s what’s going to drive real adoption.”
-Frank Holmes, Chairman of HIVE Blockchain Technologies Ltd
Recent HIVE News
- Marathon Defies Globalization with ‘Made in USA’ Bitcoin, Mt. Gox Wallet Tests Transaction, and Latest in Crypto • IH Market News • 08/13/2024 07:35:36 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/31/2024 08:20:20 PM
- Crypto: Mining Stocks Eclipse BTC in 2023, Ethereum PoS Revamped by Vitalik Buterin, and Latest Trends • IH Market News • 12/29/2023 02:44:55 AM
- HIVE Digital Announces Closing of $28.75 Million Bought Deal Private Placement Financing to “HODL” Our Bitcoin Production and Expand Green Mining Footprint • GlobeNewswire Inc. • 12/28/2023 02:25:45 PM
- Crypto this Monday: Standard Chartered Tests e-CNY, Cosmos to Launch AtomOne Fork, and More • IH Market News • 11/27/2023 07:38:45 PM
Simple Stock Loans Announces Unique Solutions For Investors Looking for Alternative Liquidity Amidst Recent Small Cap Rally Sep 6, 2024 9:30 AM
Reliant Coffee Debuts at #271 on the Inc. 5000 List of Fastest Growing Companies - Coffee Service Industry Disruptor Brews Up Exponential Growth Sep 5, 2024 11:51 AM
VAYK Confirms Receiving Revenue from First Airbnb Property with 1.4 Million Annual Revenue Goal • VAYK • Sep 4, 2024 9:34 AM
Mawson Finland Limited Expands Known Mineralized Zones at Rajapalot: New Lens Intercepts 21.75 m at 5.25 g/t Gold & 515 ppm Cobalt • MFL • Sep 4, 2024 9:02 AM
Integrated Ventures Acquires 51% Stake In GetTrim.Com (TM), Telemedicine Platform With Focus On Expansion Into Booming GLP-1 Powered Weight Loss Market • INTV • Sep 4, 2024 8:45 AM
Avant Technologies Announces Strategic Review Process Intended to Maximize Shareholder Value • AVAI • Sep 4, 2024 8:00 AM