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October 16, 2018

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Is Generalized Mining a Way Forward?

February 13, 2019

 

Last year was far from ideal for the crypto mining space due to the extended bear market, which is still largely continuing today. In response to the serious hit that mining firms and truly, all crypto firms have been taking during these tough times, new strategies have arisen for crypto investing and crypto fund management.

 

One of these strategies that has reportedly risen to the head of the pack is called “generalized mining,” which is in a way, both an accurate term and somewhat of a misnomer at the same time. According to an article from CoinDesk today, crypto investing may be radically shifting toward active participation over long-term “hodling.”

 

What this refers to is crypto funds providing services to and even acting as users for blockchain networks as they start to grow to actively bring about meaningful traction in their early stages. Messari, which is progressively becoming known as more and more of a valuable source for impartial crypto research, elaborates on how this works out in their own post on generalized mining.

 

Contrary to what CoinDesk appears to suggest about this particular investment strategy, Messari defines generalized mining as a crypto mining put together with crypto investing, due to the fact that the investors act as active nodes on the networks that they have a stake in. This can mean actively being miners or simply providing services that add value to the network.

 

With this in mind, whether or not this strategy will radically change the power structure of the crypto mining niche remains to be seen. Since it has reportedly only just begun to be put into practice today, for now, it is far to conclude that the Bitmain’s of the world are safe as they can be with all of their resources in a very volatile and often unprofitable business arena.

 

 

 

By: BGN Editorial Staff

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