CoinDesk’s Q2 ‘State of Blockchain’ Report Shows Project Funding Holds Strong as Markets Remain Flat

  Bitcoin on-chain transactions have fallen 28 percent following the Lightning Nework’s beta launch in late Q1   New York, NY — CoinDesk, the world’s leading digital media company focused on crypto assets and blockchain, today released its Q2 2018 State of Blockchain Report, widely considered the leading authority on blockchain trends research and analysis since its inception in 2014. The quarterly report covers market interest in public blockchains with a snapshot of the ten largest cryptocurrencies compared to Bitcoin at the end of each quarter.   The Q2 2018…

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Secret Chinese Bitcoin mine makes Billions

Secretive Chinese start-up called Bitmain dominates the Bitcoin “mining” industry land as reported by CNBC Is likely to make as much as chipmaker Nvidia did last year.     Estimates of gross margin of 75 percent and operating margin of 65 percent, analysts calculate that Bitmain made $3 billion to $4 billion in operating profit in 2017. It is estimated that  Nvidia’s operating profit was $3 billion during the same period.   “But Bitmain achieved this in merely four years, while it took Nvidia 24 years to get here,” the Bernstein…

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