Bitfarms Ltd T.BITF

Alternate Symbol(s): BITF

Financial Services Cryptocurrency

Bitfarms Ltd. is a Canada-based global vertically integrated bitcoin mining company. The Company develops, owns, and operates vertically integrated mining farms with in-house management and Company-owned electrical engineering, installation service, and multiple onsite technical repair centers. The Company’s proprietary data analytics system delivers operational performance and uptime. The Company operates through the cryptocurrency mining segment. The Company operates server farms comprised of computers (Miners) designed for the purpose of validating transactions on the Bitcoin (BTC) Blockchain (Mining). The Company also operates Miners about 24 hours a day producing computational power (measured by hashrate) which it sells to Mining Pools under a formula-driven rate commonly known as Full Pay Per Share (FPPS). The Company has 11 farms, which are located in four countries: Canada, the United States, Paraguay, and Argentina.

TSX:BITF - Post by User

Bitfarms Ltd > What if..

<< Previous

Bullboard Posts

Next >>

Comment by HaulJockeyon Sep 22, 2021 7:46pm

153 Views

Post# 33903022

RE:What if..

HaulJockey wrote:
Heaven forbid, but what if bitcoin was suddenly worthless? Not bashing, genuine question. What could/would all that computing power be used for if not mining coin?
I'm no tech so I'm not sure if the systems used to mine coin can/could be utilized in some other way.

Here I thought there were some with imagination out there. Guess not.

Come on, give it a go, what global purpose could this computing power be used for? How about if were combined with other companies...? Think of that power! What about an AI? If an AI got control of this power...? 5G and AI with unlimited computing power?

Hey, I know, just thinking out loud is all.