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This blogpost is designed to explain how Bitcoin transactions are made.

The information is structured for people who have a general understanding of what Blockchain technology is, but want to learn more about the technology’s inner workings.

What is a Bitcoin Transaction? 

Bitcoin is based on a Blockchain ledger of transactions. A Bitcoin transaction is a string representing the transfer of Bitcoin from one public address to another. Every entry in the Bitcoin Blockchain refers to a transaction. Each transaction is organized in an ordered sequence from oldest to most recent in the ledger.

This digital transaction ledger is replicated on every one of the millions of computers operating on the Blockchain. Each computer has to agree with every transaction from the very first one to the most current one, for the transaction to be valid. This process insures security, prevents fraud, and 

determines how much Bitcoin is in each person’s Bitcoin address

Wallets and Addresses and Keys, Oh My!

For a transaction to execute, both the receiving and sending parties must have a Bitcoin wallet. A bitcoin wallet is a file that gives users access to Bitcoin addresses. An address is a string of letters and numbers that identify Bitcoins. When a user wants to make a Bitcoin transaction, the receiver creates a new Bitcoin address for the Bitcoins to transfer to. The receiver then shares the newly-created address with the sender. The sending party uses this address as the transaction input for which to transfer Bitcoins to. 

The sending party then proceeds to specify the desired amount of Bitcoin to transfer to the receiver’s Bitcoin address. For a transaction to go through, both the sending and receiving parties must have a private and a public “key” for each Bitcoin address in play. Public and private keys are generated so both parties have an official record of who was involved in the transaction. The private key is never shared and is later used to validate transactions. Before the transaction is finalized, it is confirmed as “valid” using cryptography to make a digital signature. Digital signatures come into the online world using the sending party’s private key of the address they are transferring Bitcoins from to ensure the sending party is legitimate and consenting to the transaction. 

What is the General Consensus?

In order to conduct future transactions, all users of the Bitcoin Blockchain must agree on the existing content in the Blockchain-based on the status of the accounts tracked by the public key in that ledger. The Bitcoin Blockchain is a “trustless’ network, meaning no central authority authorizes transactions. Instead, users rely on a consensus algorithm to validate transactions and add them to the ledger. The job of consensus algorithms is to ensure that reliable nodes are the ones adding things to the Blockchain, prevent double spending, ensure transactions are tamper-proof, ensure the payee possesses the Bitcoin they are transferring, and ensure there is no foul play and an agreement is carried out to both parties’ specified terms. 

Bitcoin users the Proof of Work Consensus Algorithm (POW).

The Virtual Pickaxe

The Proof of Consensus Algorithm adds transactions to the Blockchain using nodes or “miners” that compete to add transactions to the Blockchain. Since this key is public, anyone on the network may use the public key of the sending party to legitimize the transaction. A transaction is added to the Blockchain (and thus completing the transaction) by nodes that attempt to bundle transactions from the last ten minutes into a “BLOCK.” To do this, miners first verify the digital signature of the sending party, using special computers. These computers are designed to calculate cryptographic hash functions. You can think of these specialized computers as the virtual pickaxe dedicated to mining Bitcoin or adding Bitcoin to the Blockchain. The validated transactions are combined to create a block. Once a node validates a block, it is added to the last chain on the Blockchain following the longest-chain-rule (the rule that miners must add blocks onto the longest chain). A hash is generated in the process of validating a block.  The hash cryptographically secures the block to the previous block by transforming the data into an alphanumeric string (the hash value).  The result is tamper proof because any changes on the Blockchain would mean that all following blocks on every computer node on the Blockchain would have to change, requiring enormous amounts of time and computing power. These dramatic changes would have to occur while blocks are still being added to the chain daily, making it statistically impossible. 

Written by Aubree Kitzmiller – Moore  
(18 -Year-Old Daughter of Josh Moore Founder and CEO of NFN8)

Written by Aubree Kitzmiller – Moore  
(18 -Year-Old Daughter of Josh Moore Founder and CEO of NFN8)

Cryptocurrency is a relatively new technology, and like all new technologies, we have seen some initial skepticism. The big question concerning most is cryptocurrency a fad, or will it stick around in the long run? 

This article will address concerns regarding the future of cryptocurrency, as well as analyze the current conditions that will shape its future.

Will cryptocurrency stand the test of time?

The short answer is YES!

The Cypherpunk movement that helped spark the creation of bitcoin did not start until the 1970s, and it was not until 2008 that Satoshi Nakamoto released The White Paper. While there were attempts at decentralized software-based payment systems before the release of the Bitcoin protocol (such as B-Money and Bitgold), Bitcoin was the first fully decentralized, globally accepted, digital currency. After the Bitcoin protocol was released eleven years ago, investing in cryptocurrency has become increasingly more popular.

As with any new up and coming technology, there are many kinks yet to be worked out and a steep societal learning curve. This does not mean cryptocurrency is a bad investment.

Yes, cryptocurrency is volatile. Yes, there are booms and busts. Yes, it is complex; yet, despite criticism, it has not to deterred believers.

Why is this?

The shortcomings of cryptocurrency are strikingly similar to the shortcomings experienced by some of the most impactful technological innovations in history. Both the “railway mania” and the “internet mania” saw a massive influx of money that eventually led to a bubble and crashed. Most new technologies have also started out complex and overpriced, such as cell phones and computers. All of these examples currently play a huge role in everyday life because their usefulness was recognized by trailblazers as significant and worthwhile, regardless of tough hurdles. Contemporary blockchain innovators believe in the ability of cryptocurrency to create a better future for society, but not just because of blind belief, as I’ll point out later. 

Diffusion of Innovations Theory, popularized by Everett Rogers in his book, tells us that the adoption of new technology follows an S-curve when plotted over time. The graph of the adoption of new technology can be split into five sections based on the people who promote adoption: Innovators, early adopters, early majority, late majority, and laggards. Innovators are the risk-takers in the adoption process. They have the audacity to try something no one has before and innovate a product that has the promise to be adopted. On the other hand, the early adopters influence the rest of the population to adopt a new technology by self-example of adopting the product and testing its grandeur; this group essentially reduces the uncertainty people have about a new innovation and accelerates the adoption to exponential growth. 

The theory is seen to hold true in the United States for many transformative innovations over the last hundred years. 

Data suggests that the growth of cryptocurrency will be no different from the preceding growth of some of the most significant technological innovations. When looking at the total number of blockchain wallets created since late 2011 to contemporary time, the result is slow for the first couple of years but then excels into what appears to be exponential growth. A similar result is seen by the total market capitalization of cryptocurrency globally, with a slow start to a gradually increasing growth. 

Look familiar? 

If we revisit the internet user growth and compare it to the current estimated crypto user growth, the similarities are uncanny. Our sources predict that if we compare crypto growth to internet growth, we would be in the year 1994 comparatively.

While it is impossible to predict the future with a hundred percent accuracy, the current data we hold shows many similarities to the previous growth of some of the greatest technological innovations in history, and we can only predict that its growth will continue as such. 

Analyzing current events and the interests of society shed light on a promising future for cryptocurrency as well.

Over the next couple of decades, we are likely to witness Generation X and Millennials lead the world to the early adoption phase of cryptocurrency. 

Currently, believers of cryptocurrency can be lumped in the innovator section of the S-curve. They are the ones taking risks, creating new technology to make crypto more user-friendly, and working through the initial problems that inevitably arise with all innovations. They are the first to overcome the learning curve and will be the ones experiencing the most profit in the likely case of widespread adoption. Several factors could lead to this widespread adoption faster than you may think. 

First and foremost, the number of cryptocurrency users has been gradually increasing over the years, as we saw in figures 3, 4, and 5. In addition, the propensity of people to purchase cryptocurrency and the awareness of cryptocurrency is also increasing.

For simplicity reasons, our data focuses on people’s opinions of bitcoin (the most popular cryptocurrency). 

The awareness people have of bitcoin is almost the same across all age groups, which makes sense, as we live in a world where information is nearly evenly accessible to all age groups. More interestingly is the data that shows how different age groups felt about purchasing bitcoin. The propensity people held to buy bitcoin followed the same pattern: as the people responding to the question got older, their interest decreased. Where 42% of people ages 18-34 responded that they were very or somewhat likely to purchase bitcoin over the course of five years, their 65+ counterparts only had 8% of people answer the same.

It is notable that while all age groups experienced a higher awareness of bitcoin and propensity to purchase bitcoin between the fall of 2017 and spring of 2019, most of the support of cryptocurrency is coming from the younger generations, notably Generation X and the Millennials, suggesting the current youngsters of society will be the ones driving cryptocurrency adoption.

Looking at the values generally held by Generation X and Millennials, it makes more sense why they seem to be much more supportive of cryptocurrency than their older counterparts. 

Generation X and Millennials both tend to hold disdain for authority. Generation X experienced the economic recession and stock market crash in the late 1980s and early 2000s and the Global Financial Crisis in 2008. These major life events can be attributed to the two generations’ hesitancy to trust banks, third parties, and government financial involvement. Both generations are also more tech-savvy than their preceding generations, as Generation X is accustomed to relying on technology in their work environment, and Millennials were the first generation to grow up with computer technology having a significant presence in their life. Regarding financials, the two generations are not likely to rely on pensions and social security like their former generations and generally support new technology to help manage their financials. Millennials specifically rely heavily on information from online sources —think of that one friend that must pull up google search to fact check you during a conversation. 

Cryptocurrency provides a service that aligns directly with the values of the younger generations. Its mobile, easily accessible, an alternative to banks and third parties, and its digital. The younger generations familiarity with technology gives them a foot up in the crypto world because it is easy for them to navigate it. Considering this, it is unsurprising that the younger generations show the most interest in investing in cryptocurrency. 

THE TRUTH IS, CRYPTOCURRENCY IS TECHNOLOGICALLY AND LOGISTICALLY COMPLEX. NOT EVERYONE HAS THE CAPABILITY TO BECOME A SUCCESSFUL CRYPTO MINER OR TRADER. THIS DOES NOT MEAN THERE IS NOT A ROLE FOR EVERYONE IN THE CRYPTO WORLD. 

ONE OF THE REASONS OUR COMPANY WAS BUILT ON A SALE-LEASEBACK OPPORTUNITY, WHERE CLIENTS DON’T NEED A COMPUTER SCIENCE DEGREE AS A PREREQUISITE, IS BECAUSE WE RECOGNIZE THAT BLOCKCHAIN TECHNOLOGY AND CRYPTOCURRENCY TRADING IS COMPLEX AND NOT SOMETHING THAT EVERYONE CAN UNDERTAKE. HOWEVER, MANY CAN PARTICIPATE IN OUR OFFER TO DO IT FOR INDIVIDUALS WHILE THEY RECEIVE MONTHLY CASHFLOW.

THERE ARE MANY OPTIONS FOR THOSE WANTING TO BE INVOLVED WELL BEFORE THE “LAGGARD” PHASE OF ADOPTION. IT IS EVIDENT THAT THE LARGEST GROUP OF BENEFICIARIES OF BLOCKCHAIN TECHNOLOGY WILL BE OUR YOUNGER COUNTERPARTS, BUT NO ONE HAS TO BE LEFT BEHIND.

The Great Wealth Transfer

The significance of Generation X and Millennials driving the adoption of cryptocurrency lies in the great wealth transfer. 

The great wealth transfer refers to the large sum of money that is to be passed down to Generation X and Millennials as the baby boomers age. Cerulli associates estimate that over the next couple of decades, more than $68T of US wealth is to be passed down to Generation X and Millennials, marking the largest sum of wealth transfer in history. 

Considering these younger generations growing interest in cryptocurrency and the fact that their values align with crypto benefits, it is a reasonable assumption to expect a significant percentage of this wealth transfer to be invested in cryptocurrency.

Suffice it to say, the world we are living in is changing. Our younger, tech-savvy generations are turning into adults. The world is in an ever-growing transition towards more technology. People have a higher demand for easy access of materials via mobile and digital platforms, and the growing distrust of third parties from our younger generations leads the future towards an increase in self-directed financial platforms. All that aside, we are about to witness the largest transfer of money in history and currently experiencing one of the longest bull markets in history that will inevitably have to come to an end. In need of a market correction, cryptocurrency will provide an appealing alternative to fiat currencies, as crypto retains its value far better in the face of economic struggle. 

While we cannot predict the future, with the bull market coming to an end, the increasing appeal of cryptocurrency, and the largest sum of inheritance in the world coming, we can expect the world to bear witness to a technological, paradigm shift upon us. 

We operate in a parallel, widely adopted, financial marketplace where:

• We create digital assets at less than spot market price by MINING.
• We high-volume trade those assets on new financial world-wide exchanges with proprietary software by TRADING.
• These unique business practices have resulted in a double leveraging of what we are able to create. This is truly a cutting-edge, innovative paradigm that allows for exponential business growth. 

MINING, TRADING, INNOVATING

“Mining” Digital Assets is accomplished when specialized computer equipment verifies transactions on the blockchain, and “Miners” are rewarded with newly minted Digital Assets, as well as transaction fees. While creating money on the blockchain and collecting fees from millions of transactions sounds like a cash cow, success requires marshaling required resources, enormous skill, experience, consistency, and entrepreneurial spirit. These are some of the components we have been able to assemble.

In the Blockchain Digital Asset Industry, the difference between surviving and thriving demands solving a multi-faceted equation that combines the right vision, the right team and the right environment, along with insight and creativity. Manufacturing money with algorithmic excellence is complex. We have discovered a solution that is working well, even during a pandemic and social unrest. To be quite honest, our business is booming. We live in a digital era where roughly 70% of transactions in the U.S. alone are cashless. If you look around at what has been happening lately i.e. retail stores closing, online groceries being delivered, Amazon becoming ubiquitous offering all categories of merchandise. This is the new retail business model, and I don’t see that percentage going down any time soon. 

Blockchain technology is as “up and coming” and revolutionary as the internet itself, and firms with deep pockets are jumping on board. For example, Greyscale Asset Management has been buying up about 30 million dollars of Bitcoin every week, resulting in a treasure chest of over 500 million dollars worth, while other conglomerates like J.P. Morgan and Goldman Sachs acquire their Digital Assets through asset backed lending liquidations. Needless to say, the demand for decentralized digital currency is spiking as more traditional Investors see Digital Assets as the hedge that precious metals were in the past.

We are part of the industry backbone meeting that demand with our proprietary, mining, trading, and innovating process. As we continue to grow it appears as though we are at the very beginning of the upward growth curve and exponential scalability is likely. 

This growth potential includes both mining and trading. We have tapped into a digital goldmine on the Mining side and double leverage with trading that is akin to refining the output. 

It hasn’t even been a month since the much anticipated “Bitcoin Halving,” and everyone is talking about how the dominant, gold standard of Digital Assets is destined to skyrocket due to the basic laws of supply and demand. So I decided to take a look and see where Bitcoin has moved on the chart since the May 11^th halving, only to find its price budged a measly 4.81%. Most Digital Assets in our portfolio see more action than that in one day.

Imagine if you had a Bitcoin on 5/11 but decided to trade it for OmiseGO (OMG), a non-mineable Digital Asset like Ripple and Stellar. In less than 1 month you would have turned your 4.81% into 124.15%!

Now imagine “minting” 1 Bitcoin every day and running it through a system that automatically executes profitable exchanges over 50 + Digital Assets just like OMG/BTC. 

THAT IS THE TYPE OF TRADING WE DO USING OUR PROPRIETARY TRADING PLATFORM.

While I am presenting this as a thought experiment and not our actual exhanges (which we consider company trade secrets) the “price change chart” below will give you some insight on our post halving portfolio and why consistently executing well researched high frequecey automated trades is such an intregal part of our process.

The only underperforming ticker on the above chart is the one that is tethered to the dollar. It should be no surprise. Currently, the U.S. is printing and borrowing Trillions to stimulate the economy because of crisis after crisis. At the same time,  newly minted Digital Assets are becoming more scarce and more valuable.

But wait, there’s more. We are continually refining our unique business process while expanding and innovating. We recently introduced our Mining Farm Equipment into a new 200 Megawatt facility with plenty of room to grow and are experimenting with cutting edge immersion cooling technology.

We are working on engineering dialectic fluids for coolant. This breakthrough will allow  electricity consumption in all data centers to be reduced significantly. This type of creative innovation allows us to continue to be successful in most market conditions. Others who have not mastered the business, and consistently lose, don’t realize the true cost of running blockchain processors, as well as a cost to keeping them at ideal temperatures.

Through innovative technology like immersion cooling, we have found that there is a reduced floor space need, lower overhead, but just as important, reduced carbon footprint. I am a true believer in this revolutionary thing we call the blockchain, and I like profits and cash flow just as much as the next guy. Still, if we are to really scale in this multi-billion dollar global market, we must become a leader in the green revolution.

Join us

We have the team and infrastructure in place… are profitably mining… maximizing revenues and profits with custom-built software and proprietary trading algorithms. AND… anyone can participate… realize CASH FLOW through our sale/leaseback program.

I invite you to join with us.
877.422.4994

You know that feeling when traffic is piled up on the freeway and your heading to the beach in an open lane going the other way? I felt that way all through the great recession of 2008.

Back then (2008-2010) were some of my most memorable AND successful years because I put my time, energy and money funding alternatives such as real estate, loans/notes, precious metals, tax liens/deeds and private placements. In 2008 alone I helped thousands of individuals exit the downward spiral on Wall Street and single handedly moved over a billion dollars to Main Street.

I bring this up now over a decade later because of the nostalgic feeling I get watching the latest financial news…you saw the headlines last week:

Another Brutal Stock Market Selloff as coronavirus fears grow into economic fears…Stocks Plunge as yields fall to new lows…Another big selloff rocking Wall Street… Every S&P 500 sector finished the day deep in the red… The Dow down, nearly wiping out ALL of last years yields while most other indexes are already there… Fears of an economic slowdown sending stocks spiraling… The Bond Market Predicting a Recession is coming soon..

etc…etc…etc…

Now on Monday morning: TRADING HALTED ON NEW YORK STOCK EXCHANGE FLOOR! As the hemorrhaging continues, things don’t appear to be getting better on Wall Street any time soon…

Look, I don’t like to see the economy take a nosedive overnight, in fact many of my friends and family have suffered recent losses in the market. Even here in Austin TX, the live music capital of the world we had to cancel our annual SXSW event, which severely impacted local small businesses. The point I’m making is there are alternative options out there and it’s not too late to hedge.

This is a great time to be in the business of mining digital assets like Bitcoin because it provides a consistent revenue stream regardless of what the Stock Market is doing.

Mining provides consistent CASH FLOW

When you swipe your credit card, transfer funds via ACH/wire, cash a check or pull cash from the ATM your bank goes through a verification process and this process is run through sophisticated computer systems. Somewhere along the line a fee is collected and that fee goes to the sending/receiving/processing bank. When you make a purchase using digital assets the transaction still goes through a verification procedure processed through computer systems and a fee is still charged, however, the bank is not necessary.

Mining digital assets like Bitcoin essentially takes central banks out of the equation and replaces them with participants like you and I. The adoption of blockchain technology and digital assets like Bitcoin empowers us to “Be the bank”. 

Instead of buying a CD, Annuity or or Mutual Fund, mining digital assets allows you to cut out the middle man and keep the lions share of the profits.

Remember? Bitcoin was created BECAUSE of the 2008 collapse!

Today, in 2020, we see a mass adoption of blockchain technology and speculators can invest in the thousands of digital assets/tokens that follow. However, few know, and many forget what really got this new technology started.

The first major digital asset (Bitcoin) was created, for the little guy (you and me), as a hedge against corruption on Wall Street and “Too Big to Fail” institutions.

The first block that was ever mined (Genesis block) quoted this headline in the London Times: “Chancellor on Brink of Second Bailout for Banks”. 

Easter eggs found in decoded blocks, as well as quotes from Bitcoins founder (Satoshi Nakamoto) reveal that the ideology behind the creation of Bitcoin was to offer an alternative to people from the flawed financial/banking system.

We are taking advantage of that alternative, especially when the markets are in turmoil like they were when Bitcoin was created.

The halving is around the corner

I won’t go in great detail about why the halving exists and when it will occur but will leave you with this informative article:

Everything you need to know about Bitcoin halving

https://medium.com/swlh/bitcoin-halving-everything-you-need-to-know-4573dc5b528e

In a nutshell, “mineable” digital assets don’t print money indefinitely, they have a finite amount of “coins” that will ever be mined. To regulate how many coins can be mined, the code automatically rises in difficulty and systematically reduces block rewards over time. Unless the Bitcoin network protocol is changed, the last coin won’t be mined until around the year 2140.

Bitcoins true value lies in the fact that only 21 Million Bitcoins will ever exist, so the more difficult it becomes to bring Bitcoin into circulation, the more valuable it becomes. 

Why is the halving relevant? Historically, the last two times we saw Bitcoin halve, we also saw it rise over 1200% in value. It’s equally important to understand that when Bitcoin climbs in value, most “altcoins” follow suit, and typically excel much faster. The next halving is expected to occur next month.

We bank on volatility

While most speculators fear volatility, we count on it. Profits are made through volatility and the beauty of digital assetss is how cheap it is to exchange one for another.

To diversify, hedge and maximize profits from mining efforts, we developed a robust portfolio management system that constantly seeks a better exchange rate and executes transactions that are deemed profitable.

While most digital asset mining companies use the mine and hold or mine and dump strategy, we mine and hedge thousands of times per month. This system was built to take advantage of volatility within a hand selected digital ecosystem and arbitrage across several digital asset exchanges. The system is designed to maximize our leverage when the market is volatile.

Our Sale Leaseback program takes out the headache and mitigates the risk

Mining digital assets requires a technical expertise across several arenas so it can be logistically challenging. Trading and exchanging digital assets manually is stressful and building a successful software system is challenging.

Our sale/leaseback program removes the barrier to entry, mitigates the risk and removes all the headaches that come with digital asset mining. Rather than take on debt or sell shares in our company at an early stage, we feel like a sale/leaseback empowers us to scale mining operations rapidly while at the same time providing our customers with consistent cash flow in the form of lease payments.

Our sale/leaseback is the perfect hedge against uncertainty in the Stock Market and is a win/win/win scenario that allows anyone to get behind this revolutionary technology.

The hardware, software, algorithmic recipe that works

Discussion with Steven Greene
NFN8 Media

Blockchain and Digital Assets are not our usual area of interest. What are your thoughts?

The concept of decentralized financial transactions without the need for accountants or banks didn’t start with the blockchain or digital assets. It began with Piny the Elder in 70 AD, was used by succeeding generations up through Marko Polo in 1280 and then up through1834 by the King of England.

The technology platform used, at that time to record numbers, quantities, ledgers, accounts, messages, and to provide absolute security against tampering (hacking) was called a Tally Stick. The sticks were made of wood or bone and marked with notches and impressions that described obligations, transactions, accounts payable, accounts receivable, or private messaging. The tally stick was then split so that each party to the transaction received one of two halves. When the parties wanted to settle, they put the two pieces back together to validate the original obligations between the par-ties. Because of jagged edges of the split and the fact that one of the halves was slightly longer than the other, the transactions were impossible to fake or forge. Each part had to fit precisely together meshing all the unique jagged edges for the transaction to be accepted. Here is the interesting part of this historical decentralized transaction platform. The person who advanced money or goods to another party retained the longer half of the stick. This longer half was called the stock. That should spark something in all of our minds. It seems the person that had the biggest stick owned the stock!

All jokes aside, eventually governments did get involved and this “Split Tally” or “Nick Stick” was accepted as legal proof in medieval courts through the Napoleonic Period (1804) and into the mid-20th century in Germany and Switzerland. The tally system was introduced into England to accept taxes by Henry I in 1100. The tally system was ended in England in the mid-1800s.

So, when one or more anonymous persons calling themselves Satoshi Nakamoto introduced this “new” concept of currency based on a matching mathematical, algorithmic proof rather than a middleman or bank it used a very new digital platform, but it had some historical precedent.

Everyone who is current in financial technology or who keeps up on economic news knows how much of a keen interest has been expressed by many investors and institutions, as well as the con-cern and confusion regarding this entire new financial system. The blockchain technology that drives this system seems very sound. Besides tokenized non-collateralized digital assets, another backed digital-token like Tether are being introduced. Digital-tokens are being gamified and collected. There will be fungible and non-fungible digital assets created. Artificial intelligence networks and the new concept of private internet social communities will use the blockchain as the ultimate validator of truth. So, there is an ever-emerging future which is yet to be fully defined.

Today, this new digital backbone is currently being embraced by many companies such as IBM, Samsung, UBS, Barclays Bank, Airbus, Daimler, J.P. Morgan, Bank of America, Oracle, Google, and Goldman Sachs to name a few. So, what we know is that as this less than ten-year-old cutting-edge, international, financial and informational technology approaches over a trillion dollars of market capitalization, more than likely something new and positive will result.

Tell our readers about your company. How it started and where you are at today

Our Company NFN8 wanted to be a stakeholder in this groundbreaking technology. We wanted to learn it, understand it and build a company that was not tied only to speculation or completely wrapped up in the world of hardware and software. We wanted to take advantage of something new, emerging, and undefined, but not be taken advantage of by this new wave of the future.

It’s interesting to note, that in looking back at many of the beginnings of new technologies and industries, the early days are usually referred to by the overused cliché, “it was like the wild west.” That language got us thinking about the wild west as NFN8’s plans were being formulated. We thought about the 49ers who ran after the promise of rivers of gold in California in the mid-1800s. As history reminds us, those who speculated lost, those who provided services to the speculators like shovels, wheelbarrows, and work pants went on to be very successful. Now we knew very well that in 2015 (when we started) we could not exactly model those 19th – century successes. However, we felt we could take that philosophy and mold it into a mission for us to conquer what was in front of us today.

With that in mind, NFN8 has developed a Blockchain Managed Mining business model that has several distinct pieces. These elements make it unique and completely different from any of the other companies we have seen in the marketplace. First, I think it’s important to emphasize the businesses we are not involved in. We are not in the “bitcoin business.” We don’t speculate on a single currency. We started by thinking that the blockchain space offered opportunity. We wanted to get involved in a way that allowed us some measure of control over our business. Therefore, we did not just want to speculate on a currency and let the marketplace alone dictate our revenue and profits. As recent history has demonstrated, those who adopted that philosophy and got involved in buying and selling or who had companies that were completely tied to the price of any individual currency have not fared well.

NFN8 Media decided to build a multifaceted business to profit from this new financial marketplace using equipment, technology, software, the relationship between costs and market prices and how they all related to each other. We wanted to perfect the skill of having maximum control all these moving parts.

So we put in place the manufacturing equipment which is simply the computer systems required to most effectively mine the right digital asset at the right time. Our computer systems consist of off the shelf components such as ASIC’s, CPU’s and GPU’s as well as proprietary computer parts and elements. Also, the company has developed and exclusively owns proprietary software packages that we use to manage the computer equipment.

That unique combination of specialized equipment along with our own software allows NFN8 to create a variety of digital assets. Some examples are Bitcoin, Litecoin, Litecoin Cash, Monero, Bitcoin Cash, Ethereum, Ethereum Classic, Zecash, Dash, Siacoin, Byton, Electroneum, Verge, Decred, Dogecoin, Vertcoin and many more than most people have never heard of. In other words, we are participating in the entire backbone of this new technical financial market. We can create to-kens at a consistent fixed price.

However, as stated previously the timing of what to mine is just as important as owning the equipment to mine it. Those determinations can’t be profitably made on a consistent basis by using publicly available platforms such as “What- To-Mine.” The company specialized and proprietary software makes those determinations based on many factors besides the current market price of tokens. These factors include original cost and update cost of equipment, maintenance cost, and the cost of electricity. Those are considerations on the manufacturing side. Then we use a separate set of proprietary software tools, systems, and platforms to analyze the digital asset marketplace on a per second basis 24/7 to determine the best trades to make with the results of what we mine.

The two software platforms speak to each other, so the trading function understands all the parameters of our costs. Our robust portfolio, reserves, ability to act with a second’s notice, utilizing snap-shot data, along with the ability to continually measure against our own baseline costs allows us to operate efficiently.

Therefore, we are not concerned if bitcoin or any other token is at $20,000 or $1.00. The cost of any token for us – no matter what the market price is fixed – because we manufacture tokens, we don’t buy them. Our opportunities are myriad. We can manufacture, hold, or sell 1 token worth $20,000 or 20,000 tokens worth $1.00 and everything in between. And we can do it one time every few days or many times every few minutes. Additionally, the fact that we operate in a decentralized market that is not loaded with middlemen – banks-traders-brokers – all who take substantial commissions enables us to make a huge volume of trades and not be burdened with punishing fees.

Do you have any plans to grow your company?

We are not in the ICO, IPO, or Note arena. The business was developed and started by the owners with their own money. The concepts, systems, and equipment that we use have been developed by us and are producing revenues and profits today. While it’s true we are growing our company; we are not growing it in the traditional way. We made a definite decision not to dilute the company by offering a security or shares. Also, we did not want to take on debt with notes or loans which can easily get out of control. So we came up with a program that offers advantages to our company and the clients who want to take advantage of our sale/leaseback program. It’s kind of unique. I believe that’s why NFN8 has been invited on shows broadcast on The Fox Business News Network be-cause our approach to growing our blockchain/ digital asset business is entirely different from most everything else currently available. That is why we use the slogan:

“The Money’s in the Mining”

It’s pretty straightforward and simple. We offer purchasers the opportunity to buy the same equipment we use. We procure the equipment. Then assemble, test, warehouse, maintain, up-grade and insure it. The owner receives a bill of sale with serial numbers just like he or she would with any equipment purchase.

Simultaneous with the purchase, the equipment is leased for five years. This enables us to grow without debt or dilution and provides a consistent monthly cash flow for the lease owner. We have been offering the sale/leaseback for over a year, have started all client lease payments within 60 days of purchase and leaseback, and have never missed a monthly client payment in a marketplace that has fluctuated wildly. Anyone who is interested in this program or learning more about why we strongly believe we have harnessed the blockchain to create consistent, predictable revenue and profits for our company can contact us in the following way.

Phone: 877-422-4994
Email: [email protected]
www.nfn8.com