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When people ask what I do to live, to go to the point, I often say I'm an "investment researcher".
My job here – offering you the best opportunities in the world in technology, cryptocurrencies and legal marijuana – means that I spend most of my time doing research.
For technology and cannabis, there's a lot of work – but it's quite simple.
For criptos, well, it's much more complex. [19659002] Much of the action takes place not in the mainstream media and in industry publications, but in off-track locations like Medium, Reddit and Twitter.
A little help from my team
While monitoring cryptographic news from Asia at the beginning of last week, one of my team members found a document translated by Google from an anonymous source that detailed the finances of a hardware crypt and initial public offering plans.
My team member transmitted that document to me – and my interest was certainly aroused.
After all, nothing moves capital and interest in a sector faster or stronger than a hot IPO.
However, I could not trust this document.
The translation has been quite uncomfortable – and while I can depend on Google Translate to make me get the essence of certain things, I can not depend on it for accuracy.
So, I had my team track down the original document. Then another member of the group, fluent in Mandarin Chinese, was able to get a complete and accurate translation.
These are the types of resources we have at Money Map and STI – and that you "
Now let me show you what we unearthed …
The biggest bitcoin miner of the world
Before entering into the new details we brought to light on Bitmain Technologies Ltd. first a bit of history on this juggernaut of crypto mining.
Started in 2013 Bitmain has grown to become one of the main sources of application-specific integrated circuits (ASICs) for platforms and applications.These are the microchips and computational systems that crypto-miners use to "solve" cryptographic puzzles and obtain e- currencies such as Bitcoin (BTC) and Ethereum (ETH) .It has about 80% of the market for Bitcoin mining hardware.
In addition to the encrypted world, Bitmain is moving to create its own intelligence chip at rtificiale. Jihan Wu, co-founder and CEO of the company, says that the AI chips could represent 40% of their revenue within five years.
How to benefit from this $ 11.1 billion: simple budget, an IRS directive could help you get up to $ 1,795 every month thanks to a brilliant investment. Find out more …
The company also runs some of the world's largest mining basins – groups of miners who combine their processing capabilities and divide prizes. According to the Bitcoin data site Coin Dance BitPost AntPool and BTC.com's mining pools now control more than 33% of the Bitcoin mining power.
Bitmain has more than 2000 employees in China, Canada, Israel, the Netherlands and Switzerland. And here in the United States, the company has recently opened a 20,000-square-foot facility in San Jose, Calif., And is planning another new mining business in Rockdale, Texas. This is in addition to the offices in Arizona and Washington.
This is what we knew before we discovered that badly translated document.
Here's what we learned from …
Join the conversation. Click here to go to the comments …
Information on the author
Michael A. Robinson is one of the leading financial analysts working today. His book "Overdrawn: The Bailout of American Savings" was a foreshadowing look at the anatomy of the nation's S & L crisis, long before the word "rescue" became part of our everyday vocabulary. He is a writer and journalist nominated for the Pulitzer Prize, praised by the Columbia Journalism Review for his aggressive style. His thirty-year experience as a leading technical analyst has also garnered rave reviews. Today he is editor of the monthly newsletter of technological invest- ments Nova-X Report and Radical Technology Profits where he treats truly radical technologies – those that have the power to sweep across the globe and change the true plot of our lives – and profit opportunities that give rise. Explore also "what & # 39; s next" in the world of technological investments Strategic Tech Investor .
… Read full biography
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