From Pancake Batter to Bitcoin Mining: Struggling Businesses Try 2017-Style Pivots

Posted on by American Coins & Gold

From Pancake Batter to Bitcoin Mining: Struggling Businesses Try 2017-Style Pivots
Which is harder, mining bitcoin or selling pancake batter?Nate’s Foods is about to find out.The little-known, publicly traded company, based in Huntington Beach, Calif., announced Oct. 25 that it has started mining the oldest and largest cryptocurrency by market value. Ditching its original product – premixed pancake and waffle batter in pressurized cans – Nate’s has leased miners manufactured by Bitmain to earn new bitcoin at a rate of 500 terahashes per second.Nate’s said it plans to ramp up its hashrate, or computer processing power, to 1,500 terahashes per second with the two-year-old model S-17 miners. Nate’s expects those machines…