Bitmain Is Getting Positioned
Bitmain is positioning themselves to be a major influence in the crypto world by partnering up with Circle.
A couple of post ago I shared a post about chip makers having trouble keeping up with demands for GPU chips (the processor for your graphics card on a desktop that is installed via the PCI slot). You can read my post here: AMD,NVIDIA Have Some New Competition From Chip Makers
Bitmain has already developed their own GPU for us crypto miners, Theirs is tailored to mining Ethereum.
Now they have backed Circle in a bid to make crypto currencies more acceptable by governments. They are talking of launching a coin that would be the answer to the tax woes governments have regulating crypto .
This move most definitely makes Bitmain a bigger player in the crypto currencies movement. They are currently in a position to give AMD and NVIDIA much need competition, in my opinion. Now they have Backed Circle in a move that Gives them a start up capital of $3 billion to play with!!
This is a very interesting post from Coindesk.com. Enjoy and learn more about this exciting industry.
Circle Becomes ‘Bitcoin Unicorn’ With Bitmain -Backed Mega-Round
Bitmain is investing big in blockchain firm Circle as part of an ambitious bid to clean up one of the more gray aspects of the crypto economy.