Bitmain now accepting USD

Bitmain, arguably the worlds most popular (or controversial) builders of cryptocurrency mining equipment has officially started accepting USD as a form of payment (again).

Previously, Bitmain went under fire from many of their customers by suspending both Bitcoin (BTC) and fiat (USD) payments for the sometimes less loved Bitcoin Cash.

Bitmain has in the past supported Bitcoin hard forks in order to increase block size, which would allow their miners to add more transactions per block.

This new announcement comes in the wake of large volatility in the marketplace which could mean that Bitmain has shown their hands, and are concerned about the future of cryptocurrency as a whole. Normally businesses that accept cryptocurrencies jump at sales during dips as it allows them to effectively short the currency while waiting for the price to return to its previous higher support, increasing their profits.

Bitmain has also come under fire recently for allegedly running their miners until there is a difficulty increase, and then selling them, effectively selling less profitable devices to the market.

Tiaan Wolmarans is a cryptocurrency investor and trader, airplane pilot, musician, and writer.

Disclaimer: The information presented by Tiaan is for informational purposes only. It should not be considered legal or financial advice. Tiaan is not a financial adviser. You should consult with a financial professional to determine what may be best for your individual needs.

Tiaan does not make any guarantees or other promises as to any results that may be obtained from using his content. No one should make any investment decision without first consulting his or her own financial adviser and conducting his or her own research and due diligence.

Please always only invest within your means and do so responsibly. If you have any questions feel free to contact him via the social media buttons below.