Mining, News

It’s Time to Start Mining: Join Tesla and Visa as they Back Bitcoin

May 14, 2021

Support from payment giant Visa and electric car revolutionary Tesla has bolstered the anticipated longevity of Bitcoin, resulting in a projected increase in future prices.

Al Kelly, CEO of Visa, recently discussed the company’s plans to get involved with cryptocurrency through a multi-pronged strategy pushing services related to Bitcoin, stablecoins and, on a more distant time horizon, central bank digital currencies, or CBDCs. Kelly revealed that the company is leaning into the crypto industry in a very big way and feels they are “extremely well-positioned”.

A Vision for the Future as Bitcoin Secures the Trust of Industry Leaders

Tesla Inc. CFO and Master of Coin Zachary Kirkhorn has announced that the company will continue to hold and accumulate Bitcoin, thanks to their sincere belief in the cryptocurrency’s long-term value. Despite concerns surrounding Bitcoin’s role in clean energy and influences on the environment, the digital coin remains on Tesla’s balance sheet as new findings surface regarding its potential positive effects on technology innovation for renewable energy.

Tesla CEO and renowned innovator Elon Musk frequently takes to social media to discuss cryptocurrencies and Bitcoin to his 50 million+ followers. Musk has long been praised for being a visionary leader, driving Tesla to become the first S&P 500 company to invest in Bitcoin, a move other companies are slowly beginning to replicate. Tesla invested $1.5 billion into Bitcoin in early 2021. Despite selling 10% of their holdings, the value of their remaining Bitcoin had risen to $2.5 billion as of March 31.

Scope of Opportunities Presented by Bitcoin are Driving Mainstream Acceptance

The increase in mainstream and corporate support of Bitcoin continues to push the cryptocurrency toward the position of a long-term asset, foreshadowing a significant increase in future prices. There is a growing, widespread consensus that the time to get into Bitcoin mining is now in order to capitalize on these expected gains. 

Corporations such as Visa and Tesla have faith in this process as Bitcoin miners serve as a decentralized co-location for transaction verification, which speaks to the scope of opportunities presented by crypto mining that benefit individual miners and mining farms in more than 10 countries around the world. There’s never been a better time to join in on these opportunities, as ongoing mainstream use and acceptance of Bitcoin and cryptocurrency continues to be elevated by significant industry players.

Mining Bitcoin as a Next Step in Joining in on the Action

Mining equipment is typically priced at a 12-month payoff from the current Bitcoin price, meaning that if Bitcoin prices should increase after you buy, the period of time it takes to pay off your equipment is shortened. If the investments of industry leaders like Tesla and Visa are any indication, locking in mining equipment at today’s prices may set you up for even faster returns than predicted. Buying a Bitcoin miner allows you to mine for the next few years, making back your investment as opposed to buying Bitcoin directly for its market price. A lucrative investment such as this one is fully depreciable on tax returns as mining Bitcoin is parallel to purchasing it in smaller increments over time, further saving you money.

Wattum Management, a Bitcoin mining farm management company, provides new and used equipment sales, hosting, management, firmware, and mining pool opportunities for both individual miners and mining facilities looking to increase their investment in the trailblazing cryptocurrency. With a wide variety of quality miners for sale at nationally competitive rates, now is the best time to buy as increases in Bitcoin price will only increase the value and demand of available mining equipment.

We Sell Bitcoin mining equipment

Wattum Equipment

New equipment
New Equipment
Used equipment
Used Equipment
Escrow payments
Escrow Payments
Financing
Financing

Wattum Management

MONITOR EQUIPMENT PRODUCTION

Production is tracked at all times

EQUIPMENT OPTIMIZATION

Update firmware and drivers

REMOTE REBOOT

Regularly monitored and rebooted

TROUBLESHOOTING

Fix machines that stop mining

AUTOMATED EQUIPMENT UPKEEP

Equipment is routinely tested

ORDER REPLACEMENT PARTS

Part ordering and equipment repair

METER READING & INVOICE CREATION

Compare electricity vs profits

COIN SWITCHING (GPU ONLY)

Switch coins based on profitability

MONTHLY PROFIT TESTING

Pools are audited monthly

Wattum Hosting Partners

PETAWATT
As low as $0.052 kwh (hosting only)
As low as $0.065 kwh (all in)
New York, United States
Bitriver
As low as $0.05 kwh (all in) Irkutsk, Russia

Wattum Mining Pool

Mining Pool

  • Powered by VIABTC
  • Transparency on Profits
  • Dedicated Server with 100% uptime
  • 100% transparency on profits
  • 24/7/365 US Customer Support
Sign up

Mining Pool

  • PPS+ Payouts every 20 minutes
  • Private Nodes for your mining facility
  • Dedicated Server with 100% uptime
  • 100% transparency on profits
  • 24/7/365 US Customer Support
Sign up

Sign up for the WATTUM newsletter to stay informed about the industry.