As the second largest cryptocurrency by market capitalization, Ethereum has garnered a lot of attention from investors and cryptocurrency enthusiasts alike. Unlike Bitcoin, which is primarily used as a digital currency, Ethereum offers a decentralized platform that runs smart contracts, which are applications that run exactly as programmed without any possibility of fraud or third party interference.
Due to the fact that Ethereum is still in its early stages of development, it has been mined much less frequently than Bitcoin. However, as Ethereum grows in popularity, more and more miners are starting to mine Ethereum.
One such miner is Marathon Patent Group, Inc., a patent holding company that owns patents and patent applications in a variety of technological fields.
NOTE: This is a warning note to inform you that while Marathon Patent Group (MPG) has announced its intention to mine Ethereum, this information should not be taken as a guarantee that MPG will actually begin mining Ethereum. As with any investment, there is a risk of loss and no assurance of profits. Before investing in any cryptocurrency, it is important to understand the associated risks and research the company thoroughly.
In February 2018, Marathon Patent Group announced that it had entered into an agreement to acquire 4,000 Bitmain Antminer E9 ASIC miners specifically for mining Ethereum.
At the time of the announcement, Marathon Patent Group said that it expected the miners to be delivered and operational by the end of April 2018. If all goes according to plan, Marathon Patent Group will be one of the largest Ethereum miners in operation.
The acquisition of the ASIC miners is part of Marathon Patent Group’s strategy to diversify its business beyond just holding patents. In addition to mining cryptocurrencies, the company plans to use its ASIC miners to provide blockchain consulting services and develop new blockchain technologies.
It remains to be seen whether or not Marathon Patent Group will be successful in its endeavor to mine Ethereum. However, the company’s experience in holding patents and developing new technologies gives it a unique advantage in the race to be one of the top Ethereum miners.
10 Related Question Answers Found
As of late, Ethereum has been on an absolute tear. The price of ETH has surged from around $100 at the start of 2017 to nearly $1,400 at the time of writing. That represents a gain of over 1,200% in less than a year!
Ethereum has been a hot topic in the cryptocurrency world since its launch in 2015. The Ethereum network is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
HIVE is a public blockchain that has been purpose-built to power the next generation of decentralized applications and enterprise workflows. The HIVE blockchain is powered by a native cryptocurrency called HIVEtoken. HIVEtoken is used to fuel transactions on the HIVE blockchain and to reward users for their contributions to the network.
The rise of Ethereum has been nothing short of meteoric. In the space of just a few years, it has gone from being a little-known cryptocurrency to one of the most talked-about assets in the world. And, as Ethereum’s price continues to surge, many are wondering if we are in the midst of a “bull run”.
Yes, Axie Infinity is built on Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Axie Infinity is a game about collecting and raising fantasy creatures called Axies.
Deso is a decentralized application built on Ethereum that allows users to buy, sell, and trade digital assets securely and anonymously. Deso is one of the first dapps to offer a completely decentralized exchange, meaning that there is no central authority or middleman involved in the trading process. This makes Deso a very attractive option for those looking for a safe and secure way to trade digital assets.
What is eCash? eCash is a form of digital cash that can be used to make payments online. It is based on the Ethereum blockchain and uses the ERC20 token standard.
It’s no secret that cryptocurrency mining has been one of the biggest drivers of the recent surge in graphics card prices. But can a gaming laptop mine Ethereum? The short answer is yes, but it’s not going to be profitable.
When it comes to Ethereum, the big question on everyone’s mind is whether or not the network will be moving to a proof of stake model. Currently, Ethereum uses a proof of work model, which is the same model that Bitcoin uses. However, there are a few key differences between the two models.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is also a cryptocurrency, which can be used to pay for goods and services, or to trade like any other currency. The native currency of the Ethereum network is called ether.
