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DigitalBTC retires from Bitcoin mining race

Wednesday 30 September 2015 00:58 CET | News

Australian company DigitalBTC has revealed plans to bow out of Bitcoin mining to focus on its consumer products.

The company mined 8,600 BTC in its first three months. However, with Bitcoins price down almost 60%, its hardware is proving to be less and less profitable.

According to its latest statement, mining operations netted DigitalBTC USD 6.4 million in the 12 months to June 2015, 20% less than 2014.

The companys new products include private liquidity platform digitalX Direct and AirPocket, a peer-to-peer remittance application.


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Keywords: Bitcoin, online payments, digital payments, cryptocurrencies, blockchain, DigitalBTC
Categories: DeFi & Crypto & Web3
Companies:
Countries: World
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DeFi & Crypto & Web3