Canada-based cryptocurrency miner Hive Blockchain (HIVE) announced on Monday that it holds all the Bitcoins it mined in 2021, while holding some of its altcoin projects, Ethereum (ETH), and all of Ethereum Classic (ETC). He said he sold it. Cryptocoin. com we are conveying the details…
Hive Blockchain disclosed Bitcoin and altcoin data
The Vancouver, British Columbia-based cryptocurrency mining company produced 1,768 Bitcoin last year, mined 41,966 of Ethereum’s native token, ETH; He said he sold some of them for chip upgrades. Hive Blockchain also generated 46,209 ETCs. During 2021, he sold all the coins he mined.
During the year, the mining company combined the production of both Bitcoin and Ethereum, producing 3,222 coins of what it calls “Bitcoin-equivalent cryptocurrencies”. Using market prices of $43,000 per Bitcoin and $3,400 for ETH, this equates to around $211 million. “The company believes the unique position of having a large Bitcoin and Ethereum mining footprint offers investors a unique value proposition,” Hive chairman and COO Aydın Kılıç said in a statement.
The company stated that Hive’s monthly Bitcoin production increased by 12 percent despite the network difficulty increasing by as much as 10 percent, with 245 more BTC mined in December than in November. Meanwhile, the company said that ETH production fell nearly 7 percent from November to 2,178, and network difficulty for ETH increased by about 2 percent in December.