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The cryptocurrency market has had a bearish trend, but it has also provided new opportunities to different people around the world. This is the case of Josh Riddett, a cryptic 28-year-old businessman who had £ 1,000 and turned them into £ 1 million in just 18 months.
Riddet, of Bury, Gran Manchester, started production crypto mining hardware. He started selling a single unit and reinvesting the profits he made. He finally became the biggest UK GPU producer on the market.
Bitcoin and other virtual currencies have had a very difficult year. Bitcoin has lost more than 80% of its value while other activities over 90%. During that time, several projects had to stop working and many others could not even launch the products they were promoting. However, Riddett shows that by implementing clear strategies it is possible to continue managing a company despite the negative sentiment in the community.
Easy Crypto Hunter, the name of the company he found, has more than 100 clients including business owners, real estate companies and others. The main intention of buyers is to generate extra revenue using GPU drilling rigs. With these platforms, you can extract coins like Ethereum (ETH), Monero (XMR) and Dash, among others.
He said that cryptocurrencies are here to stay and that many companies around the world will begin to accept them.
During a conversation with Prolific North, Riddett commented:
"We are absolutely pleased to see the business take off and I am firmly convinced that the cryptocurrency is here to stay and is set to become more popular and more widespread, as BMW, Microsoft and Expedia accept it as a form of payment."
Despite this bear market, Riddet is planning to expand the business. He said he needs more workers to meet the growing demand for GPU mining units from his customers.
There are several mining companies, but Bitmain is perhaps the most popular. Bitmain is located in China. The company currently owns about 65% or more of the total encryption hardware on the market.
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