Price Now

${{ data.btc.now.price }}

Short

${{ data.btc.short.price }}

Long

${{ data.btc.long.price }}

British Company Created Electric Bicycle that Mines Cryptocurrency

2018-06-17 18:13:38

#Cryprocurrencies #Mining #Technology
British Company Created Electric Bicycle that Mines Cryptocurrency

The British company 50Cycles created the electric bicycle that mines cryptocurrency. The bicycle named Toba offers a £20 reward for each thousand miles of mileage. Payouts are carried out in LoyalCoins (LYL). Special smartphone software controls mining, while private keys are stored in the vehicle.

It is expected that the first bicycles will be available in September. The retail price for bikes is expected to start from £1695, which is quietly expensive. For now the company partners with the Swiss-based LoyaltyCoin startup, but plans to establish its own coin in the future.

Note

LoyalCoin is the customer loyalty-oriented digital asset that is replacing and enhancing the traditional rewards point systems we currently have. Currently LoyalCoin is worth $0,004376 USD with $21 589 326 USD market capitalization and is traded on Cryptopia.

Source

 

CoinForecast News

Please enter your email

Latest News

Bloomberg: rise of Bitcoin price as result of algorithmic trading

The recent price increase on the cryptocurrency market may be related to algorithmic trade says Bloomberg. Special software (robots) is used for algo...

  3 weeks ago

Ripple (XRP) may Become the Official Cryptocurrency of of the Tokyo Olympics 2020

The petition to make Ripple (XRP) the official cryptocurrency of the next Summer Olympics already raised 9600 votes. Ken Takahashi, the author of t...

  7 months ago

Cryptocurrency Startup Eidoo Announced Stablecoin Tied to Gold

We wrote about the STASIS EURS stablecoin tied to Euro a few days ago. Another startup - Swiss Eidoo announced its own stablecoin - Ekon, tied to gol...

  7 months ago

Forbes: Big Investors Believe in Crypto Industry

Despite the significant drop of the cryptocurrency market this year, institutional investors believe that digital currencies are here to stay. Some tr...

  7 months ago

Bitcoin Price Already Hit the Bottom?

Galaxy Digital CEO Mike Novogratz expressed an opinion that Bitcoin price already hit the bottom. He makes reference to Bloomberg's Galaxy Crypto Ind...

  7 months ago