BTC.com VP Of Business Operations Shares Bitcoin Experiences And What’s To Come For Mining And Crypto Sphere

2018-11-26 16:33

During an interview with news outlet, CCN and VP of Business Operations at Bitmain’s Mining Pool, BTC.com, Alejandro de la Torre, the latter took the opportunity to share his viewpoints on bitcoin, mining cryptos, business endeavors and much more.

How To All Started For De La Torre

When asked how it all started, De La Torre responded, “I can hardly remember life before Bitcoin,” adding that his interests were primarily revolving around making a difference in society. He supposedly read Bitcoin’s whitepaper in 2013 and felt he found the missing pieces to his question. He considers bitcoin’s whitepaper as a “very important human discovery and achievement,” which led him to buy several bitcoins.

His Current Stance And What’s To Come

When asked whether or not he felt he’s where he should be, the VP replied, “Absolutely, yes I do!” adding that there’s still room for growth. As for what’s to come, the VP is currently in the process of hiring more people for BTC.com, that is, to prevent barrier to entry.

A challenge he mentioned during his interview is that of usability, where he and his team are,

“trying to find ways to make it very simple for people to use. […] Once people use Bitcoin or Bitcoin Cash or Ethereum, they find out how easy it really is.”

Another project that is to come is that of the Rootstock integration, which supposedly allows the existence of smart contracts on Bitcoin. By doing this, miners within BTC.com’s mining pool will now be able to mine Rootstock at the same time, which supposedly increases security for RSK.

Thoughts On Mass Adoption

As per De La Torre, the reason why it’s taking time for the mass population to adopt the use of blockchain technology and cryptocurrencies is the issue of scaling. He further argues that due to the fact that blockchain is still fairly new, it is unclear which expressed solution to rid scaling problems is surely to work.

He trusts that the current bear market is an appropriate time to get developers, and everyone associated with different cryptocurrencies to come up with a solution for scaling, which based on his claims can take a couple of years.

Reasons For Mining Ethereum And Many More Specs

De La Torre argued that the reasons for mining Ethereum include its good fit as a technology and token. He also added that “having a diversification of tools and products and solutions is much better than having just one.”

In terms of his thoughts regarding Ethereum’s proposed move from Proof-of-Work to Proof-of-Stake, the VP does not find it concerning and finds it, “a very interesting time to look at what would happen if such a big mining pool based on Proof-of-Work transitioned to Proof-of-Stake.”

Clearly, his worry-free nature regarding the switch is primarily due to the measures taken by his team, as they are coming up with a hybrid mining pool that supports Proof-of-Stake.

Who Is Satoshi?

De La Torre makes an interesting point in regard to who Satoshi can be. In particular, he said that it doesn’t matter because if there were to be a face, then that individual will be the topic of discuss, as opposed to the technology and real-use cases of Bitcoin itself, which has always been the case.

If he had to choose a gender, he picked woman, adding that, “That’s what I always say!”

Do any of Alejandro de la Torre’s viewpoints align with yours? Share in the comments below.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Speed Mining Service (SMS) íà Currencies.ru

$ 1.9622 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $1.9622 - H: $1.9622
Êàïèòàëèçàöèÿ $205.406k Rank 99999
Öåíà â ÷àñ íîâîñòè $ 2.6271 (-25.31%)

mining business torre all btc started operations

mining business → Ðåçóëüòàòîâ: 126


Ôîòî:

The Daily: AMD Takes a Hit, Johnny Depp and Wu-Tang Clan Enter the Cryptosphere

Today’s edition of The Daily showcases the impact of cryptocurrencies on the computer hardware business and the entertainment industry. Weak demand for graphics processing units (GPUs) in the cryptocurrency mining industry has hurt the quarterly performance of Advanced Micro Devices (NASDAQ: AMD), while movie star Johnny Depp and hip-hop legends Wu-Tang Clan have separately become […] The post The Daily: AMD Takes a Hit, Johnny Depp and Wu-Tang Clan Enter the Cryptosphere appeared first on Bitcoin News.

2018-10-25 12:15


Ôîòî:

Cryptocurrency Mining Provider GigaWatt Faces Millions of Dollars in Debt

GigaWatt, one of Central Washington’s largest companies in the cryptocurrency sector is, unfortunately, facing millions of dollars in debt as cryptocurrency prices fall. According to the Oregonian Times, Giga-Watt’s once upward trajectory is facing a sharp decline as the company explores every legitimate stream of revenue to remain in business.

2018-10-23 19:00


Blockchain Business in Crypto Valley Has Doubled Since Last Year: Report

The number of blockchain-related companies in Switzerland and Liechtenstein has doubled in the last year, according to a new study published by CV VC. The Zug-based firm, in partnership with Strategy& (PwC’s global consulting arm) and inacta, compiled information about the top 50 blockchain and digital asset companies between the two countries.

2018-10-11 00:18


Chinese Bitcoin (BTC) Miner Nabs Electricity, Authorities Crack Down

Man Steals $15,000 Of Electricity For Bitcoin (BTC) Mining Despite the stringent rules placed on China’s crypto scene, the Bitcoin and altcoin mining business remains as hot as ever. So hot, in fact, that a Chinese man, named Xu Xinghu, thought it would be a good idea to steal electricity from the nation’s train network […] The post Chinese Bitcoin (BTC) Miner Nabs Electricity, Authorities Crack Down appeared first on Ethereum World News.

2018-10-8 23:00


Large North American Crypto Miner Giga Watt Launches New Data Centers

Giga Watts launches new data centers to smooth cryptocurrency mining problems The current cryptocurrency mining business is getting less and less profitable as more coins are mined. This has caused one of the largest cryptocurrency mining solutions company in North America, Giga Watts, to add more data centers to boost the crypto mining communities. The […]

2018-10-2 05:31


Ôîòî:

Bitfury Launches New Generation of Bitcoin (BTC) Mining ASICs

Bitfury, one of the largest companies in the crypto mining business has announced that the evolution of its Bitcoin (BTC) mining ASIC “Bitfury Clarke” is now available. According to an official press release, the new Bitfury Clarke aims to optimize Bitcoin (BTC) mining, thanks to a careful assembly process that makes it an excellent choice […] The post Bitfury Launches New Generation of Bitcoin (BTC) Mining ASICs appeared first on Ethereum World News.

2018-9-23 03:58


Ôîòî:

Washington State Utility Increases Power Rates for Bitcoin Mining

Due to Grant County’s lower power cost that comes from the local hydroelectric plant, many cryptocurrency mining operations have flocked to Washington state. However, their luck is bound to change as the Grant County Public Utility District (PUD) recently announced a rate hike for electricity used by cryptocurrency mining farms by as much as threefold, the International Business Times reported...The post %%POSTLINK%% appeared first on %%BLOGLINK%%.

2018-9-7 15:00


Ôîòî:

BitMEX Reports Bitmain Needs Efficient Management to Reach ‘Legendary’ Status

The research arm of Bitcoin Mercantile Exchange (BitMEX) recently analyzed leaked data about mining giant Bitmain to pinpoint fallacies and other investor accusations toward the mining business. Bitmain a Potential ‘Legend’ BitMEX researchers defined Bitmain, which is valued at $8 billion ahead of its public listing in Hong Kong, a technology player with “legendary” potential, […] The post BitMEX Reports Bitmain Needs Efficient Management to Reach ‘Legendary’ Status appeared first on CryptoSlate.

2018-9-1 21:00


Ôîòî:

ASIC Vs. GPU Debate Ignites Ahead Of Devcon4 And Constantinople Hard Fork

As the impending Constantinople hard fork and Devcon4 draw nearer, the ongoing ASIC vs. GPU mining rig debate appears to have re-emerged. Some in the mining community are campaigning to block ASIC mining rigs, arguing that failing to do so will push GPU mining operations out of business, further plummet the value of Ether, and lead to network centralization.

2018-8-18 01:29