The digital currency originally created as a joke has many people taking the token very seriously.
Based on the wildly popular Shiba Inu dog featured in memes, Dogecoin has minted millionaires in just a few months. Cryptocurrencies, led by Bitcoin, Ether, and the like, took a nasty spill as China looked to crack down on its miners.
Elon Musk and many other innovators want to change this. A future-proof play for serious cryptocurrency investors HIVE focuses its efforts on mining serious cryptocurrencies, most notably Bitcoin, Ethereum, and Ethereum Classic with an emphasis on bolstering gross mining profitability through improving upon computational efficiency while driving down the amount of energy used. Bitcoin is too power hungry for my liking, and I still view Dogecoin as a joke despite its success.
Questioning an investing thesis — even one of our own — helps us all think critically about investing and make decisions that help us become smarter, vancouver bitcoin miner, and richer, so we sometimes publish articles that may not be in line vancouver bitcoin miner recommendations, rankings or other content.
Fool contributor Joey Frenette has no position in any of the stocks mentioned.