Crypto Mining
When you compare cryptocurrency mining to gold mining, why the process is referred to as mining becomes clear. In both forms of mining, the miners put in work and are rewarded with an uncirculated asset. In gold mining, naturally occurring gold that was outside the economy is dug up and becomes part of the gold circulating within the economy.
In cryptocurrency mining, work is performed, and the process ends with new cryptocurrency being created and added to the blockchain ledger. In both cases, miners, after receiving their reward — the mined gold or the newly created cryptocurrency — usually sell it to the public to recoup their operating costs and get their profit, placing the new currency into circulation.
Crypto Investment
Crypto futures are contracts in which you agree to exchange a set amount of crypto at a set price on a set
date. They are traded on futures exchanges, and are the most commonly used method of buying and selling
crypto. While crypto buyers and sellers use futures to insure against the adverse effects of crypto price
volatility, traders can use them to speculate on crypto without buying or selling the commodity itself.
That’s because the prices of crypto futures will move as the value of crypto goes up or down. So instead of
buying crypto, storing it, waiting for its price to increase and then selling it on and arranging for it to
be delivered, you can buy a futures contract and then sell the contract before it expires. In doing so,
we're taking advantage of the same increase in price without the same logistical effort.
Crypto Barrel Supply
We produce around 200k barrels of crypto per day, and over 500 million cubic feet of raw gas per day, which
places us among the largest mid-level energy producers in the world.
We are committed to producing a target of 1 million traders of crypto per day by 2021, with due
consideration of prevailing market conditions, and are constantly researching, developing and
implementing innovative technologies and approaches that will enable us to enhance recovery and ensure
improved production efficiency.
