The mining fever is still gathering pace. Interestingly, bitcoin-related terms used to belong to the vocabulary of a restricted community a few years ago. The process of creating bitcoins called mining became well-known around the world last year. Nowadays, bitcoin is recognized as the most popular cryptocurrency since a growing number of people is involved in mining such digital tokens.
Both private investors and companies are eager to gain profits from mining and they cope well. Chinese e-commerce and tech giant Alibaba announced that it has launched its own cryptocurrency mining platform, P2P Nodes. Rolling out the new platform, the company posted a statement saying that Alibaba is “very cautious” about the project. The statement also reads that the main operating platform is managed by Alibaba East China Ltd., a division inside the group. The crypto farm was registered on October 10, 2017 in Nanjing.
Alibaba has not unveiled a lot of technical details of the project. Well-informed sources reported that Alibaba is going to incorporate the mining operation into its e-commerce platform. At present, users cannot withdraw the coins they mine directly, according to the terms of service.
