fbpx
Skip to content Skip to sidebar Skip to footer

Graystone Now Generates Revenue from Bitcoin Mining

Graystone Company Inc announced that its Bitcoin Mining Operations, which began on May 20, has started generating revenue for the Company.

The company is working with its suppliers and investors to expedite the process of obtaining more mining equipment, so as to reach its goal of 50,000 Terrahash (TH/s) and 1,000,000 TH/s by 2021 and 2024 respectively.

An additional 1,000 Terrahash (TH/s) is expected to come online in September.

It is estimated that 1,000 TH/s would generate approximately $110,447 per year in revenue as of writing. The Company’s CEO has paid the acquisition cost of $49,445 for the first 1,000 TH/s.

The equipment will be hosted in the US and the additional installment of equipment is expected to be delivered and set up by September 15, 2021.

The maintenance and power for the mining operations will cost $1.69 per TH/s per month.

Leave a comment

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain & crypto news provider, covering daily news focused on trading and investment developments in bitcoin and crypto. We bring you expansive crypto news coverage around the world. We offer many thought leadership opinions from blockchain experts and leaders of the industry.

Subscribe to SCN

© Copyright of Novum Global Consultancy Pte Ltd {2020-2023}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us

About SuperCryptoNews

SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in blockchain, crypto, Web3, fintech and technology.

Follow Us On

© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

Contact Us   |   T&Cs   |   Privacy Policy   |   About Us