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Marek “Slush” Palatinus, the lead architect and CEO of Trezor and its parent company Satoshi Labs, revealed that he started Slush Pool, the oldest mining pool within the bitcoin mining industry, with a $45/month virtual machine. Today, Slush Pool along with Satoshi Labs and Trezor have transformed into multi-million dollar businesses, generating stable streams of revenue and high profit margins.
Source here.
Source here.
This is an inspiring story of how a very small company in the cryptocurrency sphere is now a multi-million in value. They started at the right time, at the right and about to boom industry and they got the right mindset making their business so successful. Of course, as emphasized in the same article today it would virtually be impossible to start a business related to Bitcoin without the needed resources as competition is getting fierce everyday but then...who knows? I am sure that somewhere somewhere there is someone making his dreams come true taking advantage of different emerging opportunities brought on by the blockchain technology, right?
$45/month virtual machine?I thought that VMs are not allowing bitcoin mining.
By the way,is bitcoin mining still profitable?How can Slush pool generate high profit margins,if it gets more and more difficult to mine bitcoins?
Anyway,this is multi-million dollar business just because the bitcoin price is 4000 USD.
Palatinus should be very thankfull to all the bitcoin holders and supporters.
