Fidelity Has Its Own Bitcoin And Ethereum Mining Operation by ace-one

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bitcoin · @ace-one · Jun 9 '17 (edited)

$0.03

Fidelity Has Its Own Bitcoin And Ethereum Mining Operation

![12795733984_f92c088963_b.jpg](https://steemitimages.com/DQmeW3A6xamxcX9AmR5zqFdJGuxjdMPAkzLubUQ1kYviaSc/12795733984_f92c088963_b.jpg)

One of the largest financial operations in the world, Fidelity, has announced that they have a small Bitcoin and Ethereum Mining operation. While it was initially setup for educational purposes, it has been reported that it is now profitable. 

Fidelity is taking advantage of growing enthusiasm for cryptocurrencies in other ways too. At their office in Boston they accept Bitcoin at the cafeteria from employees. Customers will benefit in the third quarter of this year by being able to see their Coinbase balances within their Fidelity account. 

Read more [here](https://qz.com/990229/one-of-the-worlds-largest-financial-services-firms-is-mining-bitcoins/)

👍 staticinstance, dev00100000, syrne, meesh85, richp1975, ace-one, mearsbeats912

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@se0 · Jun 9 '17

grapes

👎 ace-one

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@se0 · Jun 9 '17

apples

👎 ace-one

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@se0 · Jun 9 '17

tea

👎 ace-one

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16 replies

@se0 · Jun 9 '17

$0.18

👍 warren.buffett

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@se0 · Jun 9 '17

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@se0 · Jun 9 '17

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@se0 · Jun 9 '17

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@se0 · Jun 9 '17

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@steemitboard · Jun 9 '17

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👍 ace-one

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@tinytaruen · Jun 15 '17

$3.81

I think nowadays altcoin mining become faded. Since mining is not a good solution for scaling up the altcoin. The altcoin is going to change from POW to POs. And there are more and more ICO with fixed amount of tokens. So the future of mining is not so optimistic...

👍 good-karma, xeldal, isaac.rodebush, reisman, irawandedy, demo, ace-one, thecrazygm, carlos-cabeza, thedailyroto, askari

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@ace-one · Jun 15 '17

This is true. It does show that they were interested enough to invest though. Also, there will always be some incentive to mine whether it is just processing transactions or executing smart contracts. But yes, generally in the long term it will be interesting to see if mining is still profitable.

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