PayPal’s Sustainable BTC Mining: Crypto Incentives
According to PayPal’s Blockchain Research Group, it wants to designate green miners and reward them with additional Bitcoin.
Bitcoin mining establishment Bitfury has announced a partnership programme which allows organisations to invest in Bitcoin mining.
The mining company launched the programme earlier today. The new product will assist family offices and large investors add cryptocurrency to their investment portfolios.
Breaking news: Bitfury has launched its institutional investor program, designed to help accredited investors and family offices diversify their portfolios into digital asset infrastructure around the world! Read more in @Forbes @ForbesCrypto: https://t.co/kOx6NPHutB
— The Bitfury Group (@BitfuryGroup) May 26, 2020
According to the Bitfury Group, the investment programme combines “access to low-cost energy, market-leading performance hardware and operational expertise”, offering a unique opportunity for investors to add Bitcoin mining to their assets.
The programme will be open for international investments across data-mining centres in North America, Norway, Iceland and Central Asia as well as other unstated regions. Bitfuy’s investment opportunities will be tailor-made for each investor.
The benefits of Bitcoin mining investment
According to Bitfury, the perks of the product offered makes it possible for investors to easily jump on board:
“Our unique combination of ultra-lower power prices, combined with the best equipment available on the market, makes it possible for us to achieve production costs in the first quartile of the global cost curve and offer a unique financial profile that includes strong resiliency to digital asset price changes. Our unique partnership models assumes we don’t make profit on the initial transaction – instead, Bitfury shares the risk, similar to a funds partnership model.”
According to Forbes.com, Bitfury CEO Valery Vavilov explained that the new programme will help bigger investors overcome any complexities in Bitcoin investment, saying:
“While this offering is attractive to different types of accredited investors, we believe one of the groups that will benefit most from this offering is family offices. Our streamlined avenue to diversification is designed specifically for their portfolios – exposure to digital assets without any of the operational/technical requirements of holding the digital assets/infrastructure themselves.”