Bitmain invests in advertising start-up based on Bitcoin money

Bitmain, a Chinese mining company in Bitcoin that dominates the industry, has invested in a digital advertising platform based on Bitcoin Cash.

The boot is called tribeOS and is expected to be launched in 2019. According to the press release, Bitmain has invested $ 3 million, which will be used to build from tribeOS to build its team and its product.

Time to buy the plunge

77% of advertising is never seen

According to its website, it was designed to do something for the $ 100 billion that are "stolen from digital advertisers ", with 77% of ads never seen before and 61.5% of Internet traffic made up of bot activities.

Offers a tracking system that says it will improve advertisers' payout rates for their conversions (in advertising, conversion means creating a paying customer), as well as a shield designed to prevent bots from "fooling" "advertisers.

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It intends to create a native token called FIRE using the Bitcoin Cash blockchain, although has not yet decided which protocol to use. Among the consultants listed on its website are Bitcoin Cash chief Roger Ver and Josh Ellithorpe, senior computer engineer at Coinbase.

Apparently it is based in Bermuda; The statement states that it is collaborating with the Bermuda Business Development Agency to develop its token.

From Texas to Bermuda

Bitmain manufactures and sells Bitcoin mining devices and manages mining pools that are coming in a worrisome manner close to absolute majority. It is worth 12 billion dollars worth and in recent times has expanded strongly in other areas of business. For example, he recently bought a majority of shares in Opera Ltd, the operator of the Opera Internet browser, has become one of the only 21 nodes that control the Chinese version of Ethereum and is also developing artificial intelligence products.

In July 2018 he raised $ 300 million in funding and subsequently another $ 1 billion in that same month – this year he intends to become public.

Last week, he opened a data center in Texas to add to his facilities in Switzerland, California, Arizona, Washington, Quebec, the Netherlands, and Israel.

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