Monday, June 27, 2022

BITCOIN SERVICES I COM USD0.001 (OTCMKTS:BTSC) Soaking in the Bitcoin Love

BITCOIN SERVICES I COM USD0.001 (OTCMKTS:BTSC) has turned into one of the highest volume stocks on the OTC. A turning point occurred when the company announced that it would begin mining Monero – a rising crypto that is now listed in South Korea.
BTSC has not released press in three months under its byline, but the continuation of the Bitcoin craze and the launch of new ICOs every day is continuing to fuel their upward trajectory. In a YTD view, BTSC is up an astounding 4952%.
BITCOIN SERVICES I COM USD0.001 (OTCMKTS:BTSC) bills itself as a company engaged in the mining of Bitcoin as well as Blockchain software development. Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the blockchain, and also the means through which new Bitcoins are released.
According to BTSC press materials, “Our business operations are Internet based to the consumer and consist of two separate streams, as follows: (1) bitcoin mining, and (2) blockchain software development. The principal products and services are the mining of bitcoins, and the development and sale of blockchain software. The market for these services and products is worldwide, and sold and marketed on the Internet.”
BTSC is focused on bitcoin mining which is legal and is accomplished by running SHA256 double round hash verification processes in order to validate Bitcoin transactions and provide the requisite security for the public ledger of the Bitcoin network. The speed at which you mine Bitcoins is measured in hashes per second. The Bitcoin network compensates Bitcoin miners for their effort by releasing bitcoin to those who contribute the needed computational power. This comes in the form of both newly issued bitcoins and from the transaction fees included in the transactions validated when mining bitcoins.
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The Company is also involved in Blockchain Software Developement which provides a tamper-proof data structure, providing a shared public ledger open to all. The mathematics involved are impressive, and the use of specialized hardware to construct this vast chain of cryptographic data renders it practically impossible to replicate.
In other news, BTSC announced it launched a new corporate website bitcoinservicescorp.com. Furthermore, BTSC began the mining of Dash in the 1st quarter of 17. According to the release, the company also plans to announce their earnings this week. “Bitcoin Services Inc began the mining of Dash in the 1st quarter of 17. Dash is Digital Cash You Can Spend Anywhere. Dash can be used to make instant, private payments online or in-store using our secure open-source platform hosted by thousands of users around the world. In addition, Bitcoin Services Inc. has created a new subsidiary Crypto Capital Corp (www.cryptocapitalcorp.com) that will develop a new Crypto currency wallet. The wallet will let users safely store multiple digital currencies in one wallet. Bitcoin Services Inc. would also like to congratulate all Bitcoin users for reaching a historic all-time high in August of 2017.”
Lastly, BTSC has created a new subsidiary Crypto Capital Corp (cryptocapitalcorp.com) that will develop a new Crypto currency wallet. The wallet will let users safely store multiple digital currencies in one wallet. Bitcoin Services Inc. would also like to congratulate all Bitcoin users for reaching a historic all-time high in August of 2017.
BITCOIN SERVICES I COM USD0.001 (OTCMKTS:BTSC) has a market cap of $40.72M and 462.84M in outstanding shares. As we have stated before, BTSC needs to update investors here and stop riding the Bitcoin wave, but, honestly, who can blame them.  Investors should clearly understand what they are investing in here and know the risks. Sign-up for continuing coverage on shares of $BTSC stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $BTSC, either long or short, and we have not been compensated for this article.

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