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Vending machines, the new target for cryptocurrencies

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By  Moris Beracha .- There are food and sweet vending machines all over the world. Therefore, this market has become the target of some developers, who are working to enable people to pay for products into vending machines with cryptocurrencies. It can be highlighted that the energy drinking company “Red Bull” installed the first energy drink machine that only accepts bitcoins (BTC) in 2016, amid the Paralelni Polis congress of hackers in Prague, the Check Republic. Then, the price of tokens dropped and many companies that planned to develop this type of technology decided to turn a blind eye, until in 2019 they decided to take up said systems. In this sense, it is important to mention that a Brazilian programmer and hardware hacker created a Coca-Cola vending machine accepting payments in BTC. The machine also accepts Lightning Network (LN) transactions. According to the  TheNextWeb  site,  “this machine has been assembled by using a water pump, a to...

Analyst Questions Bitmain's Revenue as Crypto Miner Seeks IPO

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By Nikhilesh De Crypto mining giant Bitmain may be losing its advantage in developing miners amid other potential cash-flow issues, according to a new report. Analysts with research firm Alliance Bernstein said the company's "cash flow appears to be questionable and the company may be gradually losing technological edge" in a report published Wednesday. The researchers note that Bitmain's revenue in 2017 fell below estimates after the company stored a large number of its miners' components, rather than selling to customers, although its revenue still remained "remarkably high" for that year. Further, even though Bitmain dominated the mining device market with "77 percent unit share in bitcoin and ~85 percent in all cryptocurrencies last year," declining cryptocurrency prices reduced some of that revenue stream. The bear market also impacted Bitmain's holdings. The company holds roughly 5.7 percent of the total supply of bitcoin cash, whi...