03/07/19 11:00 UTC±0

Argo Blockchain: mining profitability increased by 24%

Mining profitability at Argo Blockchain increased by 24%
Mining profitability at Argo Blockchain increased by 24%

Yesterday, July 2, a miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
company from Britain, Argo BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
, published a report for the second fiscal quarter of 2019. According to the report, the profitability from the acquisition of cryptocurrency increased by 24% in just one month.


Argo Blockchain: mining profitability

As stated in the report, profitability of mining from existing equipment in operation has improved in accordance with the rapidly growing price of Bitcoin. In this regard, the company's revenues have increased by about 24% since the last operational update on June 3, 2019.

Due to the increase in revenues, the company decided to continue the installation of new equipment for mining soon. According to the report, Argo Blockchain is going to increase the number of computing equipment from 1000 Z11 servers and 1809 S17 Bitmain servers, to 2500 additional machines. Recall that the company's data services are in Argo (Quebec).

Argo Blockchain reported that mining profitability increased by 24%. Recall that the complexity of obtaining the first cryptocurrency, Bitcoin, also began to grow rapidly over the last month. You can familiarize yourself with what mining is on our website.

Editor: Pereyidenko Ihor

See also: "The difficulty of Bitcoin mining has increased several times"

#ArgoBlockchain #England #EnglandMining #mining #miningbitcoin #profitmining



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