Specialized Digital Currency Hardware Is Fetching Manufacturers Millions

 

One of the UK’s hardware manufacturers, Easy Crypto Hunter, founded by Josh Riddett, specializes in mining equipment used for digital currency and this is let him earn as much as $120,000 in less than a year-and-half of trading in these systems. Today it is the country’s “largest GPU mining rig manufacturer” with Riddett reinvesting the profits from the sale of his first single unit.

Price Crash does not impact startup profits

The backdrop of Riddett’s success is that cryptocurrency startup’s continue to mushroom all over the world despite the lop-sided market conditions with prices of the most-traded cryptocurrency, the bitcoin trading at oppressed rates of around $3,000 per bitcoin from the fancy prices of nearly $20,000 just 12 months ago in 2017.

Redditt claims the market prices at the lowest have not impacted the sale of his specialized crypto mining hardware. The credit of this sustained growth of the manufacturer despite the market conditions goes to Josh Riddett who graduated with business entrepreneurship management from Lancaster University.

The GPU mining rigs which are made by this master machine designer is that they are custom built for the ecosystems of altcoins such as Ethereum, Dogecoin, and Monero.

Varied clientele

Currently the number of clients that Redditt boasts of is over 100, of whom any are real estate czars, business owners as well the retiree population who want to set up passive alternative incomes in the form of setting up of automated GPU mining rigs, which lead to the generation or validation of transactions and perform the functions of “proof of work.”

The company expects cryptocurrency hardware markets to grow and mature in the near future, with Redditt adding that,

“We are absolutely delighted to see the business take off and I strongly believe cryptocurrency is here to stay and is set to become more popular and more mainstream as the likes of BMW, Microsoft and Expedia accept it as a form of payment.”

The performance of the company has led to many accolades for the youngster, including the Made in Bury Business Awards 2018 as the operations of Redditt’s company are in this region.

Even as hardware equipment makers across the world are exiting the market and owners of some of the initial model so such mining equipment are selling their equipment at throwaway prices just to liquidate their trouble home-based mining business and similar ventures, Easy Crypto Hunter is one of  the handful of crypto mining hardware ventures which is drawing up a plan to expand.