Tatau Platform is Here to Rescue Your Redundant GPU Mining Equipment

Cryptocurrency mining has taken a huge dive in the last three months. Rock bottom market prices, disproportionately high hashing difficulty and growing concerns of a ‘Bitcoin Death Spiral’ have made GPU mining largely unprofitable and highly unattractive.

Not only have countless small hobbyist miners been forced to shut down operations – unable to turn a profit anymore after running costs – but even giant crypto mining facilities are struggling to stay above water as Bitcoin’s value sinks to a 16-month low.

Bitmain, one of the world’s largest ASIC chip manufacturers and operator of two of the biggest crypto mining pools, recently reported massive Q3 losses estimated in the region of $724 million and has been forced to subsequently close its Israeli R&D facility. Blockchain Mining Ltd has decidedly merged and rebranded under Canadian owned mining company Bitfarms, in a bid to recuperate a -90% fall in sh…

This article appeared first on Cryptovest

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