USBTC to Become a Major Bitcoin Miner After Celsius Asset Acquisition
The post USBTC to Become a Major Bitcoin Miner After Celsius Asset Acquisition appeared first on Coinpedia Fintech News
USBTC aims to become a leading miner in the U.S., and the company’s computing power rose by 12.2EH/S with the acquisition of mining assets from bankrupt lender Celsius. Fahrenheit Consortium won the bankruptcy auction for Celsius assets including lending portfolio, crypto assets, and 121,800 mining machines. It has 270k mining rigs, and as the miner states to CoinGecko, it matches RIOT, CORZ,& MARA’s computing power. USBTC to handle the Celsius mining fleet exclusively, it earned $15M a year minus expenses for mining assets.
Crypto Market Turmoil: Is A Bitcoin Miner Dump Incoming?
A recent post by Altcoin Buzz on Twitter has raised concerns about a potential incoming dump by Bitcoin miners, as transaction fees and mempool backlog reach new heights.
This development has sparked debate within the cryptocurrency community, with some arguing that this may negatively impact individual transactions and the price of Bitcoin, which has been tumbling recently. But others see it as a positive development for mining revenue and economic incentives.
Skyrocketing Transaction Fees and Mempool Backlog
Bitcoin’s mempool currently has over 300k transactions awaiting confirmation, and transaction fees have surged to levels not seen since 2017. High-priority transactions now command a rate of 654 sat/vB or around $30. In a recent incident, transaction fees within a single block surpassed the block rewards given to miners, with fees totaling 6.7 BTC compared to the block subsidy of 6.25 BTC.
Mining Activity Boosted by Rising Fees
These elevated transaction fees primarily benefit miners, as noted by Bitcoin trader Toma B. Miners are reaping significant rewards from the higher fees, even amidst claims of an “attack” on Bitcoin.
The surge in fees and transaction backlog is attributed to the increased use of the Taproot update for embedding NFTs and the growing popularity of BRC-20 tokens, which were introduced as an experiment in March.
A Mixed Bag for Investors and Miners
While the rising fees and backlog may be detrimental to those who wish to make regular transactions, like traders, they present a valuable opportunity for miners to enjoy increased revenue and economic incentives. As a result, some observers believe that this could be an ideal moment for miners to take profits.
In any case, whether this ultimately leads to an incoming dump by miners remains to be seen, but it is clear that the market dynamics are shifting, and investors should be prepared for any eventuality.
Earn Free Crypto Each Month With Bovada’s Crypto Miner Game
Are you a fan of online games? If the answer to this question is yes, then you need to create a player’s account and jump on the Crypto Miner Game bandwagon right now! Bovada Casino has recently released a brand-new game that is creating quite a buzz in the crypto world. Players have the chance to win $5,000 worth of crypto every month for free. Yes, you read that right, for free!
The game is simple to play and anyone can participate, as long as you have a Bovada.lv account and have made at least one crypto deposit. The winnings are paid into the Bovada account and can be withdrawn as crypto. All you have to do is hit the play button and earn the highest score you can in 60 seconds. Play as many times as you like and submit your scores. Only the highest score you achieve will be saved.
Each month the players who have the top 50 scores on the leaderboard will win free crypto. The player who achieves the highest score will win $1,000 worth of crypto, while the players who achieve the 2nd, 3rd, and 4th positions will win $500 each. The players who achieve the 5th, 6th, and 7th positions will win $250 each, while the players who achieve the 8th, 9th, and 10th positions will win $100 each. The players who achieve the 11th to 50th positions will win $50 each.
The game is not only an opportunity to have fun and earn free crypto but it also has a sense of urgency attached to it. The contest runs from January 6, 2023 to December 31, 2023. Winners are chosen on the last day of each month. Funds will be deposited into winners’ accounts within 7 days, and winners will be contacted via email. So, if you are not playing this game, you need to jump on it now!
The Crypto Miner Game is super easy to play, tons of fun, and gives you the chance to win some free crypto. It is also an excellent opportunity for newbies to get started with crypto. If you have wanted to get into the world of crypto, but have been hesitant, this is your chance to dip your toes in the water.
Participants must be 18 or older and can only submit one entry per month. Participants can play and submit multiple scores, but only their highest score will be recorded as a single entry. Participants must have a valid Bovada.lv account in good standing with at least one deposit with crypto and be able to confirm details about their account if required for any bonus winnings to be issued. Players should enter the email address they use for their Bovada.lv account when submitting their score to be eligible for a prize. Any display names deemed inappropriate or offensive will be disqualified and removed from the contest.
As a final remark, I would like to underline that the Crypto Miner Game is a great opportunity to have some fun, earn some free crypto, and potentially win big. With $5,000 worth of crypto available to be won every month, this game has created quite a buzz in the crypto world. It is an excellent opportunity for newbies to get started with crypto and for veterans to add some free crypto to their wallets. Once you have a Bovada.lv account, you can jump on this bandwagon straight away!
For more information on Bovada and its Crypto Miner Game, visit their website or follow the company on the below-mentioned social media:
Twitter | Telegram | Instagram | Facebook | YouTube
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The Technological Innovations Of Miner US Have An Impact On The Cryptocurrency Market
Miner US was successfully launched in New York in April 2019 by its parent company, Miner US Limited, which was established by Graves David Gavin. This achievement came after four years of research and development into the trends and prospects of cryptocurrency investing. The event was hosted by Miner US Limited, the parent company of Miner US, which was responsible for organizing it. Miner US is a reliable, audited, and acknowledged website in the industry. Miner US has successfully secured the necessary legal authorization to begin operating.
The end effect of this is that Miner US is able to persuade all of its users that it is a respectable and reliable platform, which has led to a significant increase in the number of users. Miner US seeks to offer a way to invest in cryptocurrencies, decentralized finance initiatives, crypto securities, and the blockchain technology that is free of the inherent dangers and limits that are associated with the business.
The team focuses on making ethical investments in bitcoin and blockchain technology. Its members include analysts, engineers, data scientists, operators, and risk managers. The management of the team’s financial resources is the primary goal. Check out the video introduction of Miner US Limit
Telegram Official Channel
Telegram Official Group
Miner US offers lifelong cloud mining plans with different hashing power that are compatible with a wide selection of USDT-based cryptocurrencies. They offer a cutting-edge cloud mining solution that supports multiple algorithms and multiple cryptocurrencies. Their open hash power market has been essential to their business strategy and a resounding success ever since they climbed to become the top supplier of on-demand hash power.
This success can be traced back to the time when they first became the leading supplier of on-demand hash power. Users of mobile devices now have access to all of the functions and features of our services thanks to the addition of mobile applications to the platform. Hashing power of 10 USDT will be awarded to newly registered users once they have successfully completed the registration process. In addition to a wide choice of hash rate power, Miner US also offers 150-day plans as well as unique lifetime plans, each of which comes with a selection of mining power.
The Miner US platform makes consistent efforts to provide its investors with the highest quality services that are currently on the market. On the platform, analysts, engineers, data scientists, operators, and risk managers provide direction for investing in cryptocurrencies and blockchain technology and are responsible for its management.
Additionally, the platform is extremely dedicated to delivering the service of hard-working individuals who are available around the clock to assist users and address any concerns or requirements they may have. One further advantage of cloud mining is the fact that Miner US executes the cryptocurrency mining operation at the fastest speed.
An existing user of Miner US can provide a friend with an invitation code or a link that they can use while setting up their own account. Following the successful completion of the sign-up process, the friend’s profile will be viewable in the “My Team” section. When offline computer power is purchased, only then is commission money eligible for participation in dividends; the dividend ratio is based on the user level. Only dividends are eligible for participation in commission income, which can range anywhere from 5% to 12% when offline computing power is purchased.
Miner US, a high-counterpower cloud mining system built by Miner Us Limited in partnership with the world’s top mining and public chains, offers many opportunities to participate in cryptocurrencies, DeFi projects, crypto securities, and blockchain technology without the industry’s dangers and constraints. Miner US stands out in the industry’s rapid growth!
Miner US and its efficient solutions are projected to help industry practitioners overcome their challenges and create a new mining and crypto digital asset ecosystem. It offers global users secure, stable, transparent, fair, low-cost, and high-yield cloud mining and global digital asset circulation.
Miner US is expected to construct the world’s leading, the sophisticated technology-based ecosystem for high-calculus mining asset values, allowing worldwide users to develop steadily in a safe, transparent, fair, low-cost, and high-yield environment.
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Crypto Market to Face Acute Miner Capitulation as the Bitcoin Set to Crash After December 25!
The crypto market has been range-bound recently, with no clear buying or selling pressure on Bitcoin’s price. Some indicators are also becoming bearish, which could potentially push the price lower.
However, it’s important to note that this period of consolidation doesn’t necessarily indicate a bullish reversal. In fact, some analysts are predicting a major crash in the crypto market between December 25, 2022, and January 10, 2023. It’s worth keeping an eye on developments and remaining cautious in the face of these bearish forecasts.
He believes that the major reason for the crash may be the current FUD which is circulating around Binance and is expected to intensify in the coming days. Moreover, the real crisis maybe when the price approaches February to end or by mid of march.
Besides, the stagnant trend of the BTC price has compelled the miners to work under extreme losses. The BTC hash rate is elevating constantly, forming new highs every new day. It’s been more than a month now, the price is trading below $20,000 and the real miner’s capitulation is expected to begin from now.
Collectively, Bitcoin’s (BTC) price has been trading within a decisive phase for quite a long time now and hence it is now required for the star crypto to break above the consolidation. In such a case, a jump beyond $20,000 is possible, or else a new low may be expected immediately with the beginning of the new year 2023.
Bitcoin Miner Digihost to Face Delisting
The post Bitcoin Miner Digihost to Face Delisting appeared first on Coinpedia Fintech News
Bitcoin miner Digihost has been threatened with delisting by Nasdaq after it traded below $1 for 30 days in a row. This puts it in danger of losing its place on the main U.S. stock markets.
By trading for $1 or more for at least 10 straight days, the miner has 180 days to get back in conformity with the Nasdaq listing regulations. However, the application indicated that it might be qualified for an extended 180 compliance period.
In a document submitted to the U.S. Securities and Exchange Commission on Friday, Digihost stated that “The Company’s business operations are not affected by the receipt of the Notification Letter and the Company fully intends to resolve the deficiency and regain compliance with the Nasdaq Listing Rules”
Bitcoin Miner Stronghold Digital Terminated a Hosting Deal Slashing Debt by 60%
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Stronghold Digital Mining (SDIG) has terminated a hosting agreement with Northern Data (NB2X:GER) and reduced some of its obligations in its latest attempt to turn around its strained balance sheet.
According to a Friday statement, the termination of Stronghold’s deal with Northern Data would erase any profit-sharing commitments, which it believes would have been $10M to $25M until September 2024.
Stronghold’s problems began earlier this year when it was unable to meet Wall Street’s profits expectations and lowered its own hash rate expectation for 2022. Since then, the firm has faced several hurdles as both the cryptocurrency and equities markets have declined.
Greenidge Bitcoin Miner Expects $20-$22M Losses in Q3 After CEO Departure
The post Greenidge Bitcoin Miner Expects $20-$22M Losses in Q3 After CEO Departure appeared first on Coinpedia Fintech News
Bitcoin Miner, Greenidge Generation Holdings (GREE) anticipates a GAAP net loss of $20 to $22 million in the 3rd quarter.
Greenidge projected estimated revenue of roughly $29 million in its early financial and operating results for the third quarter, compared to $35.8 million in the same period last year.
Following the resignation of Jeffrey Kirt on October 7, the mining company also announced the hiring of David Anderson as its new CEO. Anderson was most recently the chief executive officer of Millar Western Forest Products, an integrated forest products firm situated in Alberta, Canada.