US-based Bitcoin (BTC) mining company vortex mining teeth Double your mining capacity to fight global inflation.
Vortex said inflation is increasing around the world, creating demand for BTC. Commenting on the increasing mining capacity, Todd Higley, CEO of Vortex Mining, said:
“We are very excited about the opportunities Bitcoin mining presents in the current economic climate. It reflects our commitment.”
Vortex Mining will launch in August 2021 with less than 1 BTC currently published wallet.
For the nine months ended November 30, 2022, net income was C$10,792 and net loss was C$104,855.
Vortex Mining is committed to doubling its mining capacity while reducing its carbon footprint, announcing that all new expansion work will be done in an “environmentally friendly manner.”
Fee increase
Vortex Mining’s desire to double its mining power lies in the identified gap between inflation and BTC demand.However, recent crypto slate Insights reveal that BTC miners earn more than block rewards.
The last time miners earned more than their block reward was in 2017. On May 8, 2023, Block 788695’s reward was his 6.25 BTC. However, this block paid him a fee of 6.701 BTC. This equates to over $190,000 at the time of writing. The figure also shows that more than 30% of his minor revenue came from fees in the last 24 hours.
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