Thursday, 2 February 2017

GBMiners hit 100 petahash mark


GBMiners – the biggest bitcoin mining pool outside of China has recently and globally the 9th ranked mining pool has crossed the 100 petahash mining capacity and clocked 108 petahash. The pool which has over 8000 miners has till date has mined over 5400 coins.

Bitcoin mining is a very flexible exercise where the miner doesn’t have to stick to mining pool and can change to pool of his/her choice. So, once the miner associates himself with the pool he brings in certain mining power to the pool. Apart from this, blockchain technology is going to disrupt industry verticals like Banking & Finance, Healthcare, Supply chain, Insurance, Real estate, Governance/Public sector, Media & content, Anti-counterfeiting to name a few.

Mr. Amit Bhardwaj, Founder, GBMiners said, “India is just waking up to mining and once it catches up with regular individuals it will be huge. The more people join more it will be good for the valuation of bitcoins as recently bitcoins value went till $1000.”

The whole ecosystem is now coming in motion for Bitcoins in India and policy makers are also taking a note of the recent traction in this arena. Many corporates have already started using bitcoin for their business dealings.

“Now we are also coming up with coin bank app of our own which will help to facilitate transaction and exchange through this app. Here, for the limited users there are already a few coin wallets operational which is a positive sign as this reflects the future of this currency in India.” Mr. Bhardwaj added.