The mining squire limited firm on the 14th of March 2018 gave an indication of an announcement that it has planned to enter into an agreement that would bind it together with peter Kim when it comes to the undertaking of the joint improvement in the use of specific integrated circuit on an exclusive basis.
This move will highly promote the mining of the bitcoin ore among other well-known cryptocurrencies like vertcoin and so on.
The fast growth witnessed in the bitcoin company together with other sectors in the digital currencies has given a clear chance to the upcoming generation of providers in the development of new chips and building process that they have a long way to go.
Once completed the program a joint undertaking company will in turn promote the sale of the systems that are used in the mining of bitcoin and other cryptocurrencies as it hopes to start and promote its own mining equipment.
The current digital currency market place subsidization stand at around 380 billion ,this is according to the coinmarketcap.when it comes to maters profits then the leading bitcoin miner and supplier that is bitmain is said to have gotten a profit of 3 billion during the year 2017.
The majority of the profit is said to have evolved from the selling of miners which are powered by the asic company chips. There is an expectation that the cryptocurrencies are bound to rise in the later part of the year 2018 to around 1 trillion usd and 10 trillion by the year 2030.
That is a clear indication that the central foundation of the industry is the upcoming generation of chips and system development. Bearing the fact that peter Kim has an extensive and open experience when it comes to matters information technology development, process improvement and he management of projects.
He started his career as an expert in the sector in the department of software and hardware development, management database systems in the late 90s.he also has a degree in Bachelor of Science and computer science management from the Washington University School of architecture in the United States of America.
There is also a brokered deal that is up for the private sector in its partnership with the two companies. This means that the unit per price will be high compared it the previous days and even the present.