Assets, Ethereum

Does Marathon Patent Mine Ethereum?

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.

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