San Juan, Puerto Rico, Aug. 05, 2021 (GLOBE NEWSWIRE) — BOTS, Inc. (OTC: BTZI), (“BOTS” or “The Firm”), a worldwide know-how firm specialised in Blockchain-based options together with decentralized finance purposes for the monetary trade, cybersecurity options, crypto mining, consulting, mining tools restore and insurance coverage introduced earlier the completion of the primary technology of a dogecoin miner ( Mannequin G1). The Firm is creating a subsequent technology Miner that will even be capable to mine the most well-liked SCRYPT cash together with over 200 Scrypt based mostly ones listed on CoinMarketCap. Scrypt is utilized in many cryptocurrencies as a proof-of-work algorithm. It was first applied for Tenebrix (launched in September 2011) and served as the idea for Litecoin and Dogecoin, which additionally adopted an an identical scrypt algorithm.
Mannequin G1 is an entry stage mannequin designed for newbie Dogecoin mining lovers. As a straightforward to make use of, low-cost miner, G1 is designed to introduce new crypto lovers to the world of cryptocurrencies and mining. G1 miners permit you to mine Dogecoin with underneath 10 watts of energy. The Firm will present help and updates for its line of cryptocurrency miners. The miner is straightforward to setup and use, and new customers can get began with no earlier mining expertise wanted.
The Firm is creating a personal dogecoin mining pool that will likely be open for KNOS Airdoge miners as nicely. Mining swimming pools are created by pooling of sources by miners, who share their processing energy over a community, to separate the reward equally, in accordance with the quantity of labor they contributed to the chance of discovering a block. A “share” is awarded to members of the mining pool who current a sound partial proof-of-work.
A current Forbes article entitled An Introduction to Dogecoin, The Meme Cryptocurrency describes Dogecoin as a cryptocurrency, like Bitcoin or Ethereum—though it’s a really completely different animal than both of those widespread cash. Dogecoin was initially created at the least partly as a lighthearted joke for crypto lovers, and took its identify from a once-popular meme. Regardless of this uncommon origin story, it has exploded in recognition in 2021—as of writing, Dogecoin has turn out to be the fifth largest cryptocurrency by market cap.
Software program engineers Billy Marcus and Jackson Palmer created Dogecoin in late 2013. Palmer branded the cryptocurrency’s brand utilizing a meme widespread on the time that featured the intentionally misspelled phrase “doge” to explain a Shiba Inu canine.
“Doge was actually began to poke enjoyable at Bitcoin,” mentioned Pat White, CEO of Bitwave. In its early days, a neighborhood of lovers organized publicity stunts to boost Dogecoin’s profile, gathering funds to ship the Jamaican Bobsleigh crew to the 2014 Olympics, as an example, or sponsoring a NASCAR driver.
In early 2021, Dogecoin gained cult standing on Reddit’s WallStreetBets message board—the prime instigator behind the GameStop affair in January—the place lovers had promised to propel its worth “to the moon” (that was earlier than all dialogue of crypto have been banned on the subreddit).
As we speak Dogecoin isn’t any joke, having exploded in worth and gained greater than 5,000% in 2021. Amongst its boosters is Tesla CEO Elon Musk, who known as Dogecoin his favourite cryptocurrency. Musk additionally named Dogecoin the “folks’s crypto,” and promised to plant a bodily Dogecoin token on the moon.
Dogecoin is likely to be my fav cryptocurrency. It’s fairly cool.
— Elon Musk (@elonmusk) April 2, 2019
About BOTS, Inc.
BOTS, Inc. is a worldwide know-how firm specialised in Blockchain-based options together with decentralized finance purposes for the monetary trade, cybersecurity options and owns a portfolio of digital property and crytpo-related companies resembling BeadSwap, a decentralized crypto change, Bitcoin ATM machines and corresponding US patents and Cyber Safety Group LLC, an ISO/IEC 27001:2013 Info Safety Administration System licensed firm. The Firm additionally offers crypto mining consulting, optimization, and crypto mining tools restore and insurance coverage.
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Sure statements contained on this press launch might represent “forward-looking statements.” Ahead-looking statements present present expectations of future occasions based mostly on sure assumptions and embody any assertion that doesn’t straight relate to any historic or present truth. Precise outcomes might differ materially from these indicated by such forward-looking statements because of varied necessary elements as could also be disclosed within the Firm’s filings. Along with these elements, precise future efficiency, outcomes, and outcomes might differ materially due to extra common elements, together with (with out limitation) common trade and market circumstances and development charges, financial circumstances, and governmental and public coverage modifications. The forward-looking statements included on this press launch symbolize the Firm’s views as of the date of this press launch, and these views might change. Nonetheless, whereas the Firm might elect to replace these forward-looking statements in some unspecified time in the future sooner or later, the Firm particularly disclaims any obligation to take action. These forward-looking statements shouldn’t be relied upon as representing the Firm’s views as of any date subsequent to the date of the press launch. Such forward-looking statements are dangers which are detailed within the Firm’s web site and filings.