By Larry Wright
Grayscale, the most elementary crypto investment firm out there, has yet once again startled the crypto community by bringing forward a new way to capitalize on crypto.
No, it doesn’t have anything to do with NFTs or the development of the crypto wallets but is introducing a Bitcoin mining investment vehicle that will be able to provide the investors with the chance to invest their hard-earned capital into the program and get rewarded based on their initial investment plus what the program is able to recoup for them.
The Crypto Mining Landscape is Changing Rapidly
Isn’t crypto mining already declining, with every major crypto except Bitcoin changing its consensus protocol from proof of work to proof of stake? Yes, there is a detrimental shift that is taking place at the moment where the consensus protocols are being shifted, and given the overall strain Bitcoin mining has over the environment, the overall activity in its entirety is frowned upon.
But this is not what is happening with the Grayscale Bitcoin mining investment vehicle; it is definitely a bit different and more incentivized.
The program will be hiring crypto miners and mining experts who have used all kinds of technologies for the sake of mining Bitcoin in the past to construct something that is feasible, economical, and above all, works elementary.
On top of everything else, a renewable energy source is going to be used to power all these mining facilities so that there is only a minimal strain on the environment while keeping the profits and return margins exceptionally thick.
So, how would the whole thing work? Well, the investors would be given a chance to invest in the program based on their comfort level, and whatever they invest will be staked for a dedicated time period.
It means that they won’t be able to crack their investment away for the time being, and for every successful completion of a Bitcoin mining block, the investors will be earning a substantial reward again in the form of BTC.