Bitmain Invests $53.9m in Core Scientific for New Bitcoin Mining Machines!
Bitmain, a crypto mining rig manufacturer, is set to invest $53.9 million in Core Scientific, a Texas-based bitcoin mining firm. The two will finance the purchase of new bitcoin mining machines through a combination of equity and cash. Bitmain will supply Core Scientific with 27,000 bitcoin mining servers in exchange for $23.1 million in cash and $53.9 million in Core Scientific common stock. Core Scientific said it plans to receive and energize the 27,000 new units in Q4 2020, which could add a potential computing power of 4.1 exe hashes to itself-mining hash rate. Core Scientific filed for Chapter 11 bankruptcy protection in December.
Decoding Blackrock’s Bitcoin Influence: Mining Monopoly and ETF Secrets
As the world was glued to the news of the Securities and Exchange Commission (SEC) delaying the approval of six Bitcoin spot ETFs, a few significant developments were quietly unfolding behind the scenes. Events that could arguably signal a potential orchestrated move by Blackrock, the world’s largest asset manager, in the Bitcoin ecosystem.
Blackrock’s Mining Monopoly
Blackrock has secured majority shareholding in 4 out of the 5 largest Bitcoin miners by market capitalization. The stakes are:
Though Bitcoin is not a Proof of Stake (POS) cryptocurrency, making Blackrock’s influence seemingly less harmful, there’s more to this than meets the eye.
Bitcoin mining is a significant determinant of its governance and future changes. Blackrock’s ownership in these major mining companies could, hypothetically, offer a lever to influence Bitcoin’s network decisions, should the asset manager opt to exert its influence.
Adding fuel to the fire is the fact that the two largest Bitcoin mining pools now require their users to go through the Know Your Customer (KYC) process. KYC, previously a requisite only for regulated exchanges, now extends its tentacles into the mining realm. This compliance shift could reduce the decentralization ethos that Bitcoin has held since its inception.
Why it Matters
The infusion of KYC into mining pools could potentially allow companies like Blackrock to access significant amounts of data related to Bitcoin transactions. This is an alarming trend given the increasing institutionalization of Bitcoin mining.
Let’s not forget that the SEC has conveniently delayed its decision on six Bitcoin spot ETFs. Among the applicants? You guessed it—Blackrock. The other companies facing delays include Invesco Galaxy, WisdomTree, Valkyrie, Bitwise, and Fidelity.
The delays raise eyebrows, not because of the delay itself—which is quite typical of the SEC—but due to the simultaneous backdoor moves made by Blackrock. Is the asset manager using this as a smoke screen for its actions in the mining space?
Blackrock’s Mysterious ETF Wording
On Page 24 of Blackrock’s original Bitcoin ETF filing, the company states that they are under no obligation to “choose the most economic chain in the event of a Bitcoin hard fork.”
Why wouldn’t Blackrock commit to selecting the most valuable Bitcoin fork? Could they be planning to create a hard fork themselves, nudging their investors onto an uneconomic chain?Â
While we’re not making any assertions about Blackrock’s intentions, we cannot ignore the possibility that they might be subtly laying the groundwork for something more extensive!Â
Celsius and Core Scientific Reach $45 Million Deal to Settle Mining Dispute
Celsius and Core Scientific Cores, two crypto mining companies, have tentatively agreed to settle their long-running legal dispute for $45 million. Celsus will pay $14 million in cash, with the remainder settled through adjusted claims. However, this settlement still needs approval from judges in Texas and New York, where both companies filed for bankruptcy.Â
The filing read, “After months of negotiations, Celsius and [Core Scientific] have now consensually resolved their long-running disputes and agreed to a global settlement that will fully resolve this litigation. The Settlement also resolves the protracted and expensive litigation with Core and cuts off the significant costs that would have been incurred if the Parties were to fully litigate their claims against each other in two bankruptcy courts.”
The dispute began in October 2022 when Core Scientific claimed Celsus hadn’t paid its bills, while Celsus argued that Core Scientific hadn’t used mining rigs as agreed in their contract. Both firms separately filed for Chapter 11 bankruptcy protection in the US, Core Scientific in Texas in December 2022, and Celsus in New York in July 2022.
Adam Sullivan, CEO of Core Scientific said, “We are pleased to resolve all existing litigation related to Celsius Mining. With unwavering focus, we continue to deliver on our commitment to enhance the operational excellence of the organization and emerge from our restructuring process later this year even stronger. Executing our three-year roadmap to drive growth, we plan to expand our two operational Texas data centers to provide sufficient capacity for us to remain one of the largest and most efficient Bitcoin producers at scale in North America.”
Importantly, this legal dispute is separate from the criminal charges against former Celsius CEO Alex Mashinsky and former Chief Revenue Officer Roni Cohen-Pavon. Mashinsky faces charges related to fraud and market manipulation, while Cohen-Pavon pleaded guilty to four charges in September and awaits sentencing in December.
Celsius and Core Scientific Reach $45 Million Settlement in Mining Dispute!
Crypto mining providers Celsius and Core Scientific have reached a $45 million tentative settlement to resolve a long-standing legal dispute. Celsius will pay $14 million in cash and the rest in adjusted claims. The settlement must be approved by judges in Texas and New York, where Core and Celsius filed for bankruptcy, respectively. The deal also involves Celsius acquiring Cedarvale, an 85-acre Texas mining site. Celsius had filed claims for $312 million after Core powered down its mining rigs in January, citing unpaid dues. The settlement ends expensive litigation between the firms.
Bitcoin Mining: What Happens When all 21 Million Bitcoins are Mined?
In the world driven by Fiat currencies, Bitcoin is the pioneering force that brought the concept of decentralized finance to the forefront. With its fixed supply cap of 21 million coins, Bitcoin introduced the world to digital scarcity. But as we inch closer to this cap, a pressing question emerges: What happens when all these coins are mined? This article delves deep into the implications of this eventuality, not just within the crypto realm but also in the broader macroeconomic landscape.
Understanding Bitcoin Mining:
Bitcoin mining is the process by which new Bitcoins are introduced into circulation and is also a critical component of the maintenance and development of the blockchain ledger. Miners use powerful computers to solve complex mathematical problems, and upon successfully solving these problems, they get the right to add a new block to the blockchain. For this service, they are rewarded with newly minted Bitcoins.
Mining serves two primary purposes:
- It allows for creating new Bitcoins at a controlled and diminishing rate.
- It secures the Bitcoin network by validating and confirming transactions, ensuring their authenticity, and preventing double-spending.
The Essence of Bitcoin Mining:
Bitcoin mining is the backbone of the Bitcoin network. Miners validate and record transactions on the blockchain, ensuring the network’s security and integrity. As a reward, they receive bitcoins. This reward, however, isn’t constant.
Matthew Crowder from Trader University explains that the reward consists of the block subsidy and transaction fees. The block subsidy started at 50 BTC and undergoes a “halving” approximately every four years. As of now, it stands at 6.25 BTC. This predictable reduction ensures that Bitcoin remains scarce and valuable.
The Phenomenon of Halving:
Approximately every four years (or technically, every 210,000 blocks), the reward given to Bitcoin miners for processing transactions is cut in half. This process is known as “Bitcoin Halving.” It’s a deliberate mechanism coded into the Bitcoin protocol to control inflation.
The immediate effect of halving is that miners receive 50% fewer Bitcoins for verifying transactions. This can impact their profitability, especially if the price of Bitcoin doesn’t increase proportionally. Over time, as the reward decreases, the transaction fees become a more significant portion of miners’ income.
Historically, halvings have led to significant price surges. The reduced supply of new Bitcoins entering the market, combined with steady or increasing demand, often leads to upward price pressure. However, other macroeconomic factors can also influence the price, so while halvings are significant, they’re not the sole determinant of Bitcoin’s price.
The Future: All Bitcoins Mined
Once all 21 million Bitcoins are mined, the network will no longer provide Bitcoin rewards for mining. However, since transactions will continue, miners can still earn fees. The Bitcoin protocol may also undergo changes or updates that could introduce new dynamics to the mining process. This may lead to multiple implications for Miners, such as:
1. Transaction Fees as the New Incentive:
- The Current Landscape: As of now, miners are rewarded with the block subsidy and transaction fees. The block subsidy, which started at 50 BTC, undergoes a “halving” approximately every four years. As Matthew Crowder from Trader University highlighted, this subsidy is on a predictable decline, and by design, it will eventually reach zero.
- The Shift to Transaction Fees: Once the block subsidy is fully phased out, transaction fees will become the sole incentive for miners. This could lead to concerns about these fees skyrocketing, making Bitcoin transactions expensive. However, it’s essential to understand that the Bitcoin ecosystem isn’t static.
- Off-chain Solutions: Technologies like the Lightning Network are being developed to handle transactions off the main Bitcoin blockchain, offering faster and cheaper transaction solutions. This alleviates potential fee hikes and ensures that Bitcoin remains scalable and usable for everyday transactions.
Lightning network capacity is on an ascending trend, with its current capacity at 4,728 BTC.Â
2. Network Security:
- Historical Perspective: One of the most significant achievements of the Bitcoin network has been its increasing hash rate. As Crowder pointed out, despite the periodic halvings, the hash rate (indicative of the network’s security) has consistently risen. This is a testament to Bitcoin’s robust security mechanisms, and the trust miners have in the network’s future.
- The Role of Transaction Fees: As the last Bitcoin is mined, the increasing value of transaction fees, especially if Bitcoin’s price continues its upward trajectory, will play a pivotal role in incentivizing miners. Miners won’t just abandon the network; the transaction fees, especially during periods of high network activity, can be substantial.
- Decentralization and Security: The decentralized nature of Bitcoin ensures that no single entity has control, making it resistant to attacks. The collective effort of miners worldwide, driven by economic incentives, will continue to uphold this security.
3. Economic Implications:
Bitcoin’s Appreciating Value: Crowder emphasized the historical trend in which Bitcoin’s increasing fiat value compensated for the decreasing block subsidy. For instance, while 50 BTC was once worth $500, today, even with a much smaller block subsidy, the value in fiat terms is significantly higher due to Bitcoin’s appreciation.
Bitcoin as a Global Reserve Currency: Unlike traditional fiat currencies, which are inflationary due to central banks’ ability to print more money, Bitcoin has a fixed supply. This makes it inherently deflationary. As the supply of new bitcoins entering the market stops, and assuming demand remains constant or increases, the value of Bitcoin is likely to rise.
In a world where Bitcoin becomes a dominant store of value or medium of exchange, its deflationary nature could encourage saving over spending. This starkly contrasts to inflationary economies, where money loses value over time, encouraging spending or investment.
This could lead to a shift in global trade dynamics. Countries with significant Bitcoin holdings might experience increased economic power, while those reliant on fiat currency manipulation might find their influence waning.
4. The Rising Debt in the Bitcoin Industry:
The Bitcoin mining industry is at a crossroads. As the next halving event in 2024 approaches, miners are grappling with increasing operational costs and a looming reduction in block rewards. This situation is further complicated by the rising debt burdens many miners face.
The global mining industry’s debt ranges between $4.5 billion to $6 billion. This debt encompasses senior debt, loans collateralized by mining rigs, and Bitcoin-backed loans. Notably, 12 major public mining companies had outstanding loans totaling around $2 billion at the end of the first quarter.
This surge in borrowing was partly fueled by miners relocating to North America from China after China’s domestic mining ban in 2021. The US capital market, more accessible than China’s, has facilitated this debt financing.
With reduced revenue and increasing operational costs, repaying the accumulated debt becomes daunting. Miners might struggle to meet their debt obligations, especially if Bitcoin’s price doesn’t rise proportionally to offset the reduced block rewards.
Implications of Carrying Forward Debts Post All Bitcoins Mined:
- Reduced Revenue Streams: Once all Bitcoins are mined, miners will rely solely on transaction fees for revenue. If these fees don’t suffice to cover operational costs and debt repayments, miners could face significant financial strain.
- Asset Liquidation: Miners might be forced to liquidate assets, including mining equipment or any Bitcoin holdings, to meet debt obligations. This could flood the market with mining hardware, reducing its value and potentially causing a temporary drop in Bitcoin’s price if miners sell large amounts.
- Shift in Mining Dynamics: Miners might prioritize transactions with higher fees to maximize revenue, potentially leading to longer confirmation times for low-fee transactions. This could change the user experience and utility of the Bitcoin network.
- Potential for Debt Restructuring: Given the unique challenges of the post-mining era, there might be initiatives from financial institutions to restructure debts for miners, offering more favorable terms or extended repayment periods.
On-Chain Data Insights
Hash Rate Over Time
The hash rate measures the total computational power used for mining on the Bitcoin network.
A higher hash rate indicates increased participation and security for the network. It’s a testament to the trust and commitment miners have in the network’s future. Historically, the hash rate has shown a consistent rise, especially around halving events.
While the hash rate might experience short-term fluctuations due to reduced block rewards, the increasing value of transaction fees and Bitcoin’s price appreciation could sustain or even boost the hash rate in the long run.
Miner Revenue
Miner revenue combines block rewards and transaction fees, providing a comprehensive view of miners’ earnings. It offers insights into the economic incentives for miners to continue their operations. As block rewards decrease due to halvings, transaction fees have become a more significant portion of this revenue.
With block rewards phased out, transaction fees will dominate miner revenue. The sustainability of mining operations will hinge on the balance between transaction fee rates and network activity.
Mempool Size
The mempool size indicates the total number of unconfirmed transactions in the Bitcoin network. It provides insights into network congestion and potential transaction wait times. Periods of high network activity can lead to a rising mempool, indicating potential congestion.
As transaction fees become the primary miner incentive, a consistently high mempool might lead to increased fees. However, off-chain solutions and protocol optimizations could alleviate potential congestion.
Mining difficultyÂ
Mining difficulty measures how challenging it is to find a new block on the Bitcoin network. It ensures that blocks are found at a consistent rate, maintaining the network’s rhythm and security. Mining difficulty adjusts based on network activity and has generally increased over time, reflecting growing competition among miners.
The difficulty might stabilize or even decrease if miner participation drops due to reduced incentives. However, the interplay between transaction fees and Bitcoin’s value could keep the network competitive and have difficulty adjusting upwards.
Conclusion
Historically, each Bitcoin halving has been accompanied by significant price surges. While predicting the exact price is challenging due to various external factors, many analysts believe that the scarcity induced by halvings could drive Bitcoin’s price upwards.Â
By the time of the last halving, which is expected to occur in 2140, Bitcoin might have reached unprecedented value, potentially solidifying its position as a global reserve asset.
Coinpedia’s Bitcoin price prediction analysis suggests that by 2030, Bitcoin’s price could range between $277,751 to $347,783. The next significant milestone for Bitcoin is the fourth halving, expected in March 2024.Â
This event will reduce the miner’s block reward to 3.125 BTC per new block. Historical trends suggest that Bitcoin’s price might create a new high post this halving, potentially reaching up to $74,967.Â
Yet, history has shown that with challenges come innovations. The Bitcoin community, miners, and stakeholders worldwide will undoubtedly navigate these complexities, ensuring that Bitcoin’s legacy as a revolutionary financial instrument endures. The road ahead is uncertain, but the resilience and adaptability of the Bitcoin ecosystem give us reason for optimism.
Canaan Launches New Liquid-Cooled Mining Machine in Singapore!
Canaan Technology, a China-based manufacturer of cryptocurrency mining machines, has launched its new liquid-cooled mining machine A1466I in Singapore. The machine has a hash rate of 170 T and an impressive energy efficiency ratio of 19.5 J/T, making it Canaan’s most efficient machine to date. The A1466I also boasts a price tag of less than $18.88/T, making it an affordable option for miners looking to maximize their profits. This launch marks a significant milestone for Canaan, as it is the company’s first machine with an energy efficiency ratio under 20 J/T. With the rising demand for cryptocurrency mining machines, the A1466I is bound to attract attention from miners around the world.
Unveiling the Power of Cryptocurrency Cloud Mining: TopHash
Cryptocurrency has revolutionized the financial landscape, offering new opportunities for investment and economic growth. Among the myriad options available, cloud mining stands out as an accessible and hassle-free way for both beginners and seasoned investors to dip their toes into the world of cryptocurrencies. Enter TopHash, a premier hashpower marketplace that brings the world of cryptocurrency mining right to your fingertips.
Unveiling the World of TopHash
TopHash has made it its mission to democratize cloud mining, ensuring it’s accessible to everyone. With extensive experience in mining system operations and cutting-edge technologies, this platform sets the standard for cloud mining worldwide. Here’s a closer look at what TopHash offers and how you can get started quickly.
The Path to Cloud Mining in 4 Easy Steps
TopHash has simplified the cloud mining process into four straightforward steps:
1. Sign Up: Registering on TopHash is a breeze, taking only a minute.
2. Choose Your Plan: Select a plan that suits your investment goals and budget.
3. Deposit: Make your deposit to activate the purchased package.
4. Receive Payout Every Day: Watch your profits grow as TopHash processes payouts every 24 hours.
Choosing Your TopHash Plan
TopHash offers an array of plans to cater to various investment preferences. Here’s a glimpse of some of their offerings:
– Experience Project Cloud Mining: Contract Term – 1 Day, Daily Return – $1.00, Package Price – $50.00
– ETH Cloud Mining: Contract Term – 3 Days, Daily Return – $3.60, Package Price – $200.00
– LTC Cloud Mining: Contract Term – 5 Days, Daily Return – $11.70, Package Price – $600.00
– DOGE Cloud Mining: Contract Term – 7 Days, Daily Return – $24.00, Package Price – $1,200.00
– BTC Cloud Mining: Contract Term – 15 Days, Daily Return – $79.20, Package Price – $3,600.00
– BCH Cloud Mining: Contract Term – 18 Days, Daily Return – $188.00, Package Price – $8,000.00
– Bitcoin Cloud Mining: Contract Term – 20 Days, Daily Return – $410.80, Package Price – $15,800.00
– Bitcoin Cloud Mining Pro: Contract Term – 25 Days, Daily Return – $894.00, Package Price – $29,800.00
Why Choose TopHash?
TopHash doesn’t just offer a range of plans; it also provides several compelling reasons why you should choose their platform for cloud mining:
1. Newest Hardware: TopHash employs the latest ASIC miners and GPU rigs, ensuring optimal mining performance.
2. Automated Earning: TopHash’s system automatically initiates the mining process once you place an order, with payouts processed every 24 hours.
3. 100% Money Security: Most funds are securely stored in offline, cold wallets, and the platform boasts robust security measures, including McAfee® SECURE and Cloudflare® SECURE protection.
4. Expert Team: TopHash’s mining team comprises professionals from the blockchain industry and IT engineers, guaranteeing they possess the expertise to meet your needs.
5. Easy Mining: No hardware is required; TopHash provides the hash power, and the platform takes care of the mining process, allowing you to relax and await rewarding profits.
In a world where cryptocurrency opportunities are abundant, TopHash stands out as a reliable and user-friendly platform for cloud mining. Whether you’re new to cryptocurrencies or a seasoned investor, TopHash’s commitment to accessibility, security, and expertise makes it a promising option to explore. So, why wait? Start your journey into the world of cryptocurrency cloud mining with TopHash today!
Gateway to Secure and Profitable Cloud Mining
Finding a reliable partner in the digital mining landscape is paramount in the rapidly evolving world of cryptocurrency, where opportunities abound, but risks lurk. GlobaleCrypto has emerged as a beacon of trust and profitability. Offering a comprehensive suite of services catering to seasoned crypto miners and newcomers. This article delves into the world of GlobaleCrypto, exploring their cloud mining prowess, robust security measures, and their commitment to regulatory compliance.
Unlocking the Power of Cloud Mining
GlobaleCrypto is not just a digital asset mining service. It’s a powerhouse of fintech services that have been making waves in the crypto community. At its core, GlobaleCrypto offers a gateway for institutional customers and crypto enthusiasts to engage in cloud mining seamlessly. Unlocking the potential for stable earnings without the hassles associated with traditional mining operations.
Gone are the days of purchasing, transporting, hosting, and maintaining mining equipment. GlobaleCrypto takes care of all the repetitive and tedious aspects of mining. Allowing users to focus on what truly matters – building their crypto portfolio. Whether you’re a beginner looking to dip your toes into the world of crypto mining or a seasoned expert, GlobaleCrypto’s user-friendly platform caters to all.
Diverse Service Solutions
GlobaleCrypto stands out from the crowd with its diverse array of stable and intelligent hash rate service solutions. With a robust business model encompassing cloud mining, miner hosting, and self-mining, the company is uniquely positioned to navigate market volatility. Facilitate the vertical integration of the global digital asset mining industry.
Fortress of Security
One of the key reasons GlobaleCrypto has gained its customers’ trust is its unwavering commitment to security. This company has invested heavily in state-of-the-art security measures in a landscape where cyber threats and hacks are a daily concern.
GlobaleCrypto employs advanced encryption protocols and multi-factor authentication to safeguard user accounts and transactions. Their mining facilities are fortified with cutting-edge physical security systems to protect the mining equipment. The company conducts regular security audits and vulnerability assessments to ensure their platform remains impervious to threats. When you entrust your investments to GlobaleCrypto, you can rest assured that your funds are safe.
Regulatory Compliance with a Valid Business License
In an industry where regulatory clarity is still evolving, GlobaleCrypto sets itself apart by adhering to stringent regulatory standards. The company operates with a valid business license, offering transparency and credibility to its customers. This commitment to regulatory compliance fosters trust and positions GlobaleCrypto as a responsible player in the crypto mining ecosystem.
Conclusion
GlobaleCrypto is not just another cloud mining service provider; it’s a trusted partner for those seeking stability, security, and profitability in cryptocurrency.Â
With a user-friendly platform, a diverse array of services, a fortress of security, and a commitment to regulatory compliance, GlobaleCrypto is poised to continue its rapid growth and shape the future of digital asset mining. If you’re looking to embark on your crypto mining journey or expand your existing portfolio, GlobaleCrypto is the name you can count on.
BlackRock Emerges as 2nd Major Investor in Bitcoin Mining Companies!
BlackRock, the world’s biggest asset manager, has become the second-largest shareholder in four top Bitcoin mining firms via filings with the SEC. BlackRock has been gradually increasing its exposure to cryptocurrency holdings recently, with this move seen by many as a positive sign for long-term Bitcoin growth. The move comes as Bitcoin mining activity and price continue to surge, courtesy of increasing demand from institutional investors and retail traders alike.
Price Plunges, Mining Profits Take Hit
Litecoin experienced its first halving at block 840,000 on August 25, 2015, which cut the block reward from 50 LTC to 25 LTC.Â
Then, on August 5, 2019, the crypto underwent its second halving at block 1,680,000, further reducing the block reward to 12.5 LTC.
As Litecoin’s third halving happened as expected on August 2, 2023, the block reward dropped from 12.5 LTC to 6.25 LTC. At the same time, the daily mining output was also halved, going from 7,200 LTC to 3,600 LTC. Although the halving slowed down the influx of new LTC into the market, Litecoin’s annual inflation rate has fallen from 3.64% to 1.75%.
Unfortunately, the halving failed to drive a price surge. According to Coingecko, the LTC price plummeted by over 10% over the past week. This downward trend, compounded by the halved block reward, has dealt a major blow to LTC miners. Data from OKlink suggests that at the price of $82.07, LTC miners earn a mere $0.00038 per hashrate unit, the lowest in nearly a month.
ViaBTC’s Mining Profit Rankings underscore a sobering reality: factoring out the DOGE revenue, not a single LTC mining machine in the present market landscape can register positive returns at the electricity price of $0.05 per kWh. Again, we must credit the merged mining mechanism proposed by Litecoin founder Charlie Lee. Through persistent lobbying, Lee showed the DOGE community the perks of merged mining with LTC and convinced DOGE to pass the proposal and adopt merged mining via a hard fork. In hindsight, merged mining was a wise decision, which yielded win-win results. For miners, without the DOGE revenue, LTC mining would generate almost no profit; for DOGE, the hashrate from LTC miners has been crucial to its survival, as it protected the coin from various attacks.
The current LTC price is not appealing for miners, even when the DOGE revenue is considered. Only a handful of mainstream ASIC miners, including ANTMINER L7, Hammer D10+, Inno A6+, and Goldshell LT5, manage to generate daily revenues of over $1, and many other models are approaching or have already reached the shutdown price.
The LTC mining revenue dived. As of August 6, the daily LTC miner revenue stood at $290,000, a 60.8% decline from the $740,000 recorded on August 1, the day before the third halving.
While halvings are typically perceived as a bullish signal, for LTC miners, the third halving was bad news, as the market did not welcome it. The sharp decline of the LTC price can be attributed, in part, to a series of sell-offs by investors and whales. According to on-chain statistics, before and after the halving, approximately 70,000 litecoins, with a total worth of around $5.81 million, were sold by whales holding between 1,000 and 100,000 LTC. The massive sell-offs aggravated the market downturn, yet another blow to the LTC price.
Based on the current market dynamics, LTC’s price trajectory has failed to match the rising mining costs. This predicament exposes miners to potential losses. LTC miners must make a difficult choice in today’s market: keep mining and wait for market revival or turn to alternative crypto with more profitable prospects.
ViaBTC’s Enhancing LTC Mining Through Halving Challenges
Litecoin just had its third halving, which marks another crypto milestone. As one of the earliest crypto projects, LTC is recognized as “the lite version of Bitcoin”. Thanks to its superior throughput, faster transactions, and lower fees. Litecoin creator Charlie Lee modelled the LTC halving, a major feature of the coin, after the underlying design of Bitcoin.
Like Bitcoin, Litecoin also halves the block reward approximately every four years to ease inflation. In the early days, this mechanism was introduced to control the influx of LTC into the market. So that the coin would not be devalued by excessive inflation or suffer a liquidity crisis due to severe deflation.
LTC miners will bear the brunt of the halving. In the LTC network, the mining revenue consists of the block reward and miner fee (excluding DOGE rewards), with the former accounting for over 90% of the pie. Miners have seen a 50% drop in their daily coin production following the halving. This drives up the cost, and they will face potential losses if the LTC price fails to keep up with the rising cost.
Besides, the BTC mining community will have to confront the same challenge after the BTC halving next year. How should miners improve their mining experience to navigate halving?
01 Upgrade to Mining Rigs with Larger Hashrates
As miners cannot control block rewards or coin prices, they focus on the hashrate arms race. In today’s miner community, one of the primary strategies is to obsolete outdated models. That fall below the shutdown price and to maximize their mining performance, thereby staying ahead even in the worst-case scenario.
Models like ANTMINER L7 and WhatsMiner M50S++ come with a cost of roughly 20-40% of the revenue. They are great options to mitigate halving risks, allowing miners to continue their operations without having to shut down, even if the post-halving market uptrends do not materialize as expected.
02 Smart Mining: Auto Switch Between BTC and BCH for Maximum Revenue
According to ViaWallet Explorer, the BCH halving is expected to take place on April 5, 2024, with 35,588 blocks remaining. The BTC halving, which is 38,691 blocks away, is projected for April 27, 2024. Although the exact dates may vary, the BCH halving will happen before the BTC halving. By then, miners will be able to optimize returns by switching their hashing power to the most profitable coin, provided they joined a pool like ViaBTC Pool that features [Smart Mining].
03 Financial Tools: Capture Opportunities with Crypto Loans and Hedging Service
As mining operations become more specialized, miners have to acquire more skills to thrive in the complex, volatile crypto market. Apart from know-how on mining rigs, proficiency in financial tools will also give miners an edge. Miners who can master financial tools often maximize the returns on existing funds and achieve greater capital efficiency compared to those solely focusing on mining.
ViaBTC offers two financial tools, [Hedging Service] and [Crypto Loans]. Based on traditional financial principles, they help miners maximize returns using limited funds under different market conditions.
*Find out more about Crypto Loans and Hedging Service at:
https://www.viabtc.com/finance/loan-tutorial
https://www.viabtc.com/finance/hedging-tutorial
In a market downturn, miners proficient in financial tools can borrow coins through [Hedging Service] and sell them at current market prices to secure profits in advance. Similarly, during bullish periods, they collateralize assets for more liquidity via [Crypto Loans], instead of dumping the cryptos they mined.
Conclusion
So far this year, the BTC hashrate has grown by nearly 50%, and the LTC hashrate has gone up by almost 40%. As traditional giants like BlackRock, Deutsche Bank, and Fidelity Investments embrace crypto, the mining industry has been presented with new growth opportunities. The rising hashrates, fast iterations of mining rigs by upstream manufacturers, and global regulatory uncertainties present mounting challenges for miners focusing on small-scale operations. To survive in this dog-eat-dog world, small-scale miners must always stand ready to improve mining strategies and adjust fund allocation.
Sultanate of Oman to Invest $1.1 Billion in Bitcoin Mining!
The Sultanate of Oman announced its plans to invest $1.1 billion in bitcoin mining, joining the growing number of countries entering the cryptocurrency market. Bitcoin’s rising mainstream recognition has led to more investors seeking it as a hedge against inflation. According to crypto expert Kharma, bitcoin’s open ledger system is a significant development for transparency and innovation. Although some are skeptical about bitcoin’s long-term viability, it appears that it is here to stay, likely to make a lasting impact on the financial world for generations.
New Cryptocurrency Mining Center Launched in Oman!
The post New Cryptocurrency Mining Center Launched in Oman! appeared first on Coinpedia Fintech News
Oman has opened a cryptocurrency mining center in the Salalah Free Zone, the country’s second such facility in ten months. The center is being operated by Exahertz International in conjunction with Moonwalk International and is the latest development in the Gulf region’s embrace of cryptocurrencies. Fifteen thousand machines are to be installed by October 2023, with 2,000 units already online in the pilot phase. The facility reportedly cost $370 million to construct and is expected to benefit from the Free Zone’s low corporate taxes.
Genesis Opens a New Bitcoin Mining Facility in Sweden!
The post Genesis Opens a New Bitcoin Mining Facility in Sweden! appeared first on Coinpedia Fintech News
Genesis Digital Assets (GDA) has opened a new Bitcoin mining facility in Sweden, near the 417 MW Porjus Hydroelectric Power Station. The facility has a current capacity of 8 MW, and GDA plans to expand it shortly. The company will utilize renewable energy sources to power its Bitcoin mining operations and work with a local company to run the facility. GDA has previously opened two other facilities in Sweden, including a greenhouse data center pilot introduced in 2020. The company aims to lead the Bitcoin mining industry by setting an example for other players and minimizing its environmental impact.
Canaan to Launch New Bitcoin Mining Machines at an Anniversary Event in Singapore!
Bitcoin mining machine manufacturer Canaan is set to celebrate its 10th anniversary in Singapore on September 12. During the event, Canaan will unveil new mining machine products to solidify its leading position in the industry further. Canaan is the only listed Bitcoin mining machine manufacturer and recently released a liquid-cooled mining machine, the A1366I, in May. The upcoming products are expected to enhance efficiency further and reduce energy consumption, bringing more profitability to Bitcoin mining.
TeraWulf Sees Sharp Rise in BTC Rewards with Increased Mining Capacity!
Bitcoin mining firm TeraWulf has seen a sharp rise in BTC rewards following an increase in its mining capacity in the first half of 2023. According to the company’s latest quarterly filing with the United States Securities and Exchange Commission, TeraWulf mined a total of 1,441 BTC through the first half of the year, up from 508 BTC mined in Q1. TeraWulf has over 50,000 new-generation Bitcoin miners and an increased operational hash rate of 5.5 exahashes per second, with 160 MW of capacity. The company plans to increase its capacity at Lake Mariner by 43 MW by the end of 2023, adding more than 18,000 new generation S19j XP miners.Â
Bitdeer Partners with B. Riley to Raise $150 Million for Cloud Mining Services!
Bitdeer, a prominent cloud mining platform, has signed an agreement with B. Riley Principal Capital II, LLC, allowing Bitdeer to sell up to US$150 million worth of its Class A ordinary shares to B. Riley Principal Capital II. This move is expected to give Bitdeer greater financial flexibility, which will enable the platform to continue offering innovative cloud mining services to its clients. As the cloud mining industry grows due to the increasing popularity of cryptocurrencies, Bitdeer has emerged as a leading player in this space, leveraging cutting-edge data center technologies to deliver superior cloud mining services.
SEC Freezes Assets of Crypto Mining Firm in Connection with $50 Million Fraud Scheme!
The U.S. Securities and Exchange Commission (SEC) has taken urgent action against Digital Licencing Inc., a cryptocurrency mining firm, freezing its assets and obtaining a restraining order. The SEC has accused Digital Licencing and its principals of committing fraud and raising $50 million, as well as undisclosed amounts of Bitcoin and Ethereum, through a fraudulent scheme. The regulator alleges that the company lied to investors about its unregistered securities. The SEC has charged a total of 18 defendants for selling unregistered securities and has also brought charges against several individuals.
Marathon Mining produced 1,176 Bitcoins in July and holds 12,964 Bitcoins!
Marathon, a North American bitcoin mining firm, has announced that it produced a total of 1,176 bitcoins in July. The company also revealed that it currently holds 12,964 BTC. However, Marathon also sold 750 bitcoins last month. Meanwhile, Riot, another listed Bitcoin mining company, produced just 410 bitcoins in July. This was due to the high temperature in Texas, which resulted in a 90% reduction in electricity consumption. The company decided to provide energy to ERCOT instead.
Bitdeer Launches Green Bitcoin Fund Targeting Bhutan’s Mining Industry!
Bitdeer, a cryptocurrency mining company has launched the Bitdeer Green Bitcoin Fund, targeting the Bitcoin mining industry in Bhutan. Led by Jihan Wu, the fund will partner with Bhutan’s investing department to develop a 600 MW construction target, with an estimated hash rate of close to 20EH/s. The focus on green energy reflects Bitdeer’s commitment to sustainability, and the company hopes the project will spur greater investment in renewable energy for the Bitcoin mining industry. Wu’s involvement is expected to generate interest and confidence in the fund.
Sustainable Crypto Mining Made Easy – Earn Passive Income with F2hash Eco-Mining
Bitcoin mining has been the latest craze for earning money in the world of cryptocurrencies. It is the process of validating and verifying transactions on the Bitcoin network, where miners use specialized hardware to solve complex mathematical puzzles. By successfully solving these puzzles, miners add new blocks of transactions to the blockchain and are rewarded with newly minted bitcoins. However, mining requires significant computational resources, electricity, and specialized equipment, which are generally quite expensive.
Cloud mining is the preferred option for most users who want to get into crypto mining easily. It is a service that enables individuals to participate in cryptocurrency mining without owning or managing physical mining hardware. Users purchase mining contracts from cloud mining providers who operate and maintain the necessary infrastructure in remote data centres. This offers convenience and eliminates the need for hardware setup and maintenance, and you get to earn passively using only your device.
The top eco-friendly crypto mining service provider currently is F2hash. It is a world-class crypto-mining platform that has revolutionized the industry with its ease of use and profitability. What sets F2hash apart is its commitment to sustainability, as it harnesses the power of solar energy to power all its mining operations. This not only reduces the environmental impact but also makes it an attractive option for those who prioritize sustainability and profitable mining.
How to get started with F2Hash Eco-Mining:
- Sign up and Purchase a Plan: Simply head to the registration section and create an account. After successful creation, select a mining plan. There are yearly plans and high-end 30-day plans. Each plan guarantees a certain payout every 24 hours throughout the contract period.Â
- Start Mining: F2hash will automatically confirm your selected plan and allocate a portion of their mining hardware, located in their data centres, to your account. The contract will begin, and you will see the first payout deposited in your account after 24 hours.
- Monitor and Withdraw Earnings: As the mining process proceeds, you can monitor your earnings through your dashboard. There are intuitive charts to show your progress and earnings. You can withdraw your earnings anytime to your personal wallet or exchange account by simply heading to the withdrawal section and adding your wallet/ bank/ exchange account.
F2Hash Crypto Mining Plans
There are various yearly and monthly plans that guarantee maximum profits over the contract period. Here are a few:
- Free Experience:Â
- 3 Day free plan
- Earns you 1.2$ Daily and the energy is refunded at the end of the plan
- Requires 0$ energy fee
- Powered by Nvidia Geforce RTX Cards
- Explorer Plan:
- 1 Year Plan
- Earns you 2.8$ Daily and the energy is refunded at the end of the plan
- Requires 200$ energy fee
- Powered by Canaan AvalonMiners
- Expert Plan:
- 1 Year Plan
- Earns you 7.2$ Daily and the energy is refunded at the end of the plan
- Requires 500$ energy fee
- Powered by Canaan AvalonMiners
- Miner X Plan:
- 1 Year Plan
- Earns you 72$ Daily and the energy is refunded at the end of the plan
- Requires 5000$ energy fee
- Powered by AntMiners S19 Pro+
- Enterprise Flash Plan
- 30 Day Plan
- Earns you 450$ Daily and the energy is refunded at the end of the plan
- Requires 15000$ energy fee
- Powered by AntMiners S19 Pro+
Benefits of Crypto Mining with F2hash
There are several benefits to Bitcoin mining using F2hash:
- Low Prices and High Hash Rates: F2hash provides profitable mining packages that require a very low energy fee to activity. There are also free plans, so you don’t have to pay anything to get started. These plans have high hash rates, so you can mine more efficiently and generate higher returns.
- Licensed and Regulated: F2Hash is a licensed platform that is a part of HashCode Limited, a company duly registered in 2021 and located in Nicosia, Cyprus. It operates in compliance with the regulatory frameworks and adheres to Cyprus laws to uphold the highest standards of business practices, guaranteeing impeccable and dependable services for its users.
- Reliable Service: F2hash has a reputation for providing reliable and stable cloud mining services. Users get daily payouts, timely deposits/withdrawals and 24/7 support all year round hence are guaranteed of consistency with zero downtimes.
- Environmentally friendly: F2Hash’s use of solar power reduces the carbon footprint associated with traditional cryptocurrency mining, which typically relies on energy-intensive processes like coal-powered electricity. Also, it’s far more profitable since they require less energy to power their operations.
In conclusion, mining crypto with F2Hash presents a promising combination of profitability, reliability, and sustainability. F2Hash’s commitment to eco-friendliness ensures that mining operations are conducted with minimal environmental impact. Additionally, their high-profit contracts offer attractive returns on investment, maximizing the earnings for miners.
For more information, visit the website at https://f2hash.com or email their always online support at [email protected]Â
Binance Launches Bitcoin Mining Subscription For Users
The post Binance Launches Bitcoin Mining Subscription For Users appeared first on Coinpedia Fintech News
Crypto exchange Binance has introduced a new subscription service that revolves around Bitcoin mining products. Starting June 15, users without mining infrastructure can leverage Binance’s cloud mining subscription to purchase hash rates. Currently, Binance offers 1 terahash per second (Th/S) for $10.2780, which includes $1.17 for the hash rate and $9.558 for power costs. A higher hash rate increases the chances of earning more Bitcoin through mining.
5 Best Free Cryptocurrency Cloud Mining Sites in 2023
Cryptocurrency cloud mining is a significant global trend. It’s becoming increasingly popular because it doesn’t call for expensive technology or specialized skills. Today, anyone may buy hash power from outside suppliers and start working as a professional Bitcoin miner.
Customers of those businesses don’t experience any of the difficulties associated with mining, such as extremely high electricity costs and intricate engineering services, because those businesses manage all infrastructure on their own. Keep in mind that Bitcoin mining equipment is very expensive. With the use of cloud hash technologies, you may start producing cryptocurrency right now with very little work and capital outlay.
If you decide to spend some time earning digital currency in the cloud, it is crucial to pick the finest source. There are dozens of businesses, not all of which deserve your faith. Here is a list of 5 outstanding and reputable cryptocurrency cloud mining businesses to help you with your own experience with cloud hash earning.
5 top Websites for cloud mining in 2023:
1- HappyMiner
HappyMiner is a long-established Bitcoin mining company in the United States and already has 280,0000 users, this is where the list of reliable cloud mining providers begins. The business bills itself as the most cutting-edge, accessible, and cost-effective cryptocurrency platform that offers consumers cutting-edge ways to make money from cryptocurrencies.
• Known from 2018
• Located in the United States
• A number of cryptocurrencies, including Bitcoin, Litecoin, Dogecoin, Dashcoin, and others, can be used.
• $10 sign-up bonus and $10 minimum investment
• 1 day to 90 days for mining contracts
• Average profitability: 250%+
• The program’s referral commission can reach 4.5%.
Contracts
HappyMiner, like any other popular Bitcoin platform, offers the notion of cloud mining contracts to customers. Investors now have seven options from which to pick. Let’s go over them quickly.
| Price | Terms | Fixed Return | Daily Rate |
| $10 | 1 Day | $10+$0.8 | 8% |
| $100 | 3 Days | $100+$4.5 | 1.5% |
| $500 | 7 Days | $500+$63 | 1.8% |
| $1,200 | 15 Days | $1,200+$345 | 1.92% |
| $3,000 | 30 Days | $3,000+$1,890 | 2.1% |
| $6,400 | 60 Days | $6,400+$8,880 | 2.31% |
| $9,600 | 90 Days | $9,600+$20,044 | 2.32% |
HappyMiner was founded in 2018 by a highly competent team of cryptocurrency and engineering experts. Every major cloud mining provider, including HappyMiner, has its own infrastructure, which includes three large data centers in Canada, Norway, and Iceland. This decision was not taken at random. These northern nations are regarded as the ideal places to build mining facilities for a variety of reasons. Windy locations, a well-developed engineering infrastructure, affordable electricity, and an abundance of renewable energy sources are among them.
HappyMiner, the most customer-focused cloud Bitcoin mining platform, goes out of its way to put clients at ease while they profit. Because the company has a large support staff, each user can contact someone at any time. Simply, HappyMiner is one of the best cloud mining services on the market.
Please see https://happyminer.us/ for additional information.
Social media links
2- NFTproX
By cleverly fusing cloud mining with NFT investment, NFTproX offers users a dependable, efficient, and profitable way to engage in the blockchain industry. NFTproX offers customers a selection of investment choices to fit their unique investment needs and goals by providing cloud mining and NFT investment packages.
Consumers may invest with confidence because of NFTproX’s advanced contract-based investment architecture, which also guarantees the secrecy and transparency of all transactions. Users can gain from both the resale value of their NFT investments and the daily income from their cloud mining investments with NFTproX.
For as little as $10, NFTproX users can begin mining cryptocurrencies for daily rewards based on the investments they have made. To meet different investing needs and goals, NFTproX offers a range of investment packages, from a one-day investment bundle which pays 10% daily to a 64-day commitment bundle that pays 2.1% daily.
For more details, please visit https://www.nftprox.com/
3- ECOS
ECOS is used by more than 100,000 people worldwide. Additionally, the Armenian Free Economic Zone was established in 2017.
By using an accessible calculator to determine mining yields, you may choose the optimal choice. There are web and mobile applications for ECOS.
The company offers cryptocurrency indexes for investment in addition to hosting mining equipment and offering mining contracts. The NFT Index, Elon Musk Index, the top ten Index, Defi Protocol Index, and Metaverse Index are a few more. The smartphone software also features a multi-currency cryptocurrency wallet allowing people to store and trade 247 coins.
Features:
- Consistent payments
- Using a simple slider on the website, customized contract purchasing enables you to change the length, the amount of the hash rate and your contract’s profit.
- Use Android and iOS applications to manage your mining contracts and other crypto assets.
- The wallet’s ridiculously low withdrawal threshold is 0.000001 BTC.
- A 180-day guarantee on their equipment for the hosting service and equipment. I can have gadgets for five years.
- A one-month free trial mining contract to evaluate the platform.
For more details, please visit https://ecos.am/
4- NiceHash
A mining hosting & computing marketplace is called NiceHash. You can use it to connect your miners, deposit money, purchase mining packs to mine other cryptocurrencies, or offer hash rates to other users of the peer-to-peer network. Install the NiceHash program on your computer, decide the GPU you want to utilize, and then sell hash rates using the GPU’s hash rate.
Features:
- Mining Bitcoin, Litecoin, Dogecoin, and other cryptocurrencies.
- Fiat withdrawals
- A bitcoin trading platform within an app
- Management and supervision of remote mining
- Trading between peers using a hash rate
Fees/pricing/cost:
• 0.2258 BTC for a daily rate of one mH/s
• For the new order fees, 0.00001 BTC
• 3% to pay for hash power.
• 2% when selling hash power again
For more details, please visit https://www.nicehash.com/
5- Genesis Mining
Genesis Mining created the first mine in Eastern Europe from Hong Kong. It currently serves clients from more than 200,000 different countries. They offer a wide selection of cryptocurrency mining options for various miner types, including rookies, family miners, and large investors.
Features:
- Daily mining profit payments to your wallet address
- Top-notch customer support
- Mining multiple coins at once is possible.
- Cryptocurrencies, Visa, and Mastercard are all accepted as payment options.
- No recurring monthly fees
Fees/pricing/cost:
• mH/s for $29
• Minimum determined by the price of the contractÂ
package
• from $499 to $4,498.5
For more details, please visit https://genesis-mining.com/
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SEC Makes Another Controversial Move: Crypto Mining Equipment Under Scrutiny
In recent years, the Securities and Exchange Commission (SEC) has increasingly asserted its authority in the realm of digital assets. However, the lack of a systematic process or clear rulemaking by the SEC has led to regulatory uncertainty, causing instability in the digital asset regulatory landscape.
SEC’s Inclusion of Crypto Mining Equipment
The crypto industry has been captivated by a shocking new case filed by the SEC. The SEC aims to categorize the sale of crypto mining equipment and the provision of hosting services within the scope of “investment contracts” under the Howey Test, as seen in this particular case.
A Closer Look at the SEC’s Allegations
MetaLawMan, a Lawyer and Crypto Enthusiast brought attention to the SEC’s surprising case through a recent tweet. According to the SEC’s allegations, selling cryptocurrency mining equipment and offering hosting services for such equipment could potentially fall under the definition of an “investment contract” as defined by the Howey Test. Notably, the SEC has not provided any formal or informal guidance indicating that the sale of mining equipment could be considered an unregistered securities offering.
SEC’s Expanding Jurisdiction
This recent attempt by the SEC to broaden its jurisdiction to encompass the sale of mining equipment adds to a growing series of cases where the agency seems to be pushing the limits of its statutory authority.
In response to the SEC’s concerns, a Twitter user aimed to shed light on the matter by emphasizing that the core issue lies not in the sale of mining equipment itself but in the sale of a token that promises future profits. However, David Schwartz, the CTO of Ripple, stepped in to clarify the issue.
Schwartz clarified that the company involved in the case was not selling tokens but rather argued that the SEC’s legal theory revolves around the sale of crypto-mining equipment as securities. He drew a parallel to Howey’s sale of orange groves as securities and stated that this situation aligns closely with the principles outlined in the Howey Test.
Orange Groves and Crypto Miners
According to Schwartz, the crypto miners being sold can be compared to orange groves, while the hosting agreement serves as the service contract. In this context, the token itself becomes irrelevant. The SEC’s argument centers around applying the same Howey factors to the sale of crypto miners as they did to the sale of orange groves.
Maximizing Passive Income with NFT Investments and Cloud Mining
NFTproX is an innovative platform for buying and selling NFTs (Non-Fungible Tokens), which utilizes blockchain technology to provide investors with a new way to earn passive income. By combining NFT investing with cloud mining, NFTproX offers a unique investment opportunity for users looking to diversify their investment portfolio. In this comprehensive guide, we’ll cover everything investors need to know about investing in NFT projects on NFTproX to maximize their return on investment.
What is NFTproX?
NFTproX is a UK-based company that provides cloud mining and NFT investment services. Their unique investment model is based on smart contracts, ensuring transparency and security of all transactions. The combination of cloud mining and NFT investment aims to provide users with diversified investment opportunities and maximize investment returns.
Investing in NFT projects on NFTproX:Â
Create an account: Users can quickly register and verify using the simple web interface provided by NFTproX. As a reward for new users, users will receive a $10 registration reward for investing in NFT projects and cloud mining contracts. In addition, NFTproX has an affiliate network where he can introduce partners and receive a commission of up to 5%.
NFT selection: After depositing funds into the account, investors can choose NFT projects for investment. The uniqueness, rarity, and potential growth potential of NFTs should be carefully considered before investing.
NFTproX’s business model is simple: users make deposits like any bank and automatically receive dollars in profits on the account every day.
NFTproX offers a variety of price package options, such as $10, $100, $1500, and $6800 options, among others. Each gives a unique Return on Investment and has a particular contract period.
What to expect from packages options:
| Price | Terms | Payouts | Daily Rate |
| $10 | 1 Day | $10+$1 | 10% |
| $100 | 3 Days | $100+$3 | 1% |
| $450 | 10 Days | $450+$54 | 1.2% |
| $1,500 | 20 Days | $1,500+$435 | 1.45% |
| $3,400 | 35 Days | $3,400+$2,023 | 1.7% |
| $6,800 | 64 Days | $6,800+$9,139 | 2.1% |
Due to the platform’s daily payout of income, users may be sure that they will get paid every day. At the end of the contract period, the user can immediately withdraw the balance or continue to invest. For every investment, NFTproX offers complete protection of the principal and profit.
Investing in NFT projects on NFTproX: Benefits
Passive income: Investing in NFT projects on NFTproX offers users the opportunity to earn passive income by leasing out their NFTs on the platform.
Diversified Portfolio: Investing in NFT projects and cloud mining contracts allows users to diversify their investment portfolio and reduce their overall risk exposure.
High Growth Potential: Investing in NFT projects with high growth potential can provide a solid return on investment when later sold on NFTproX.
Ease of Management: NFTproX’s user-friendly platform makes it easy for investors to manage their NFT investments and cloud mining contracts.
Invest in NFT projects on NFTproX: Cloud Mining
Cloud mining allows users to rent computing power from remote data centres to mine cryptocurrencies such as Bitcoin and Ethereum. By investing in cloud mining contracts, users can earn a portion of the profits without doing any mining themselves.
Investing in NFT projects on NFTproX: Requirements
Choosing a Cloud Mining Provider: Users must choose a cloud mining provider carefully, making sure they are reputable and offer lucrative contracts.
Selecting an Investment Option: Users can then select the cloud mining investment option that best suits their investment goals and desired return on investment.
Transfer your tokens to a cloud miner: After a user chooses an investment plan, they must transfer their staked tokens to a cloud miner to start the contract.
Manage your investment: After starting a cloud mining contract, users must regularly monitor their investment to ensure it is performing as expected.
Investing in NFT projects on NFTproX: investment income
Investors can obtain investment income through NFT investment and cloud mining contracts. The earning potential depends on various factors such as the rarity, uniqueness and growth potential of the NFT, as well as the hash rate and cryptocurrency mining difficulty of the cloud mining contract.
Cloud Mining Contracts: Cloud mining contracts are another source of investment income. Earning potential depends on factors such as the cloud mining contract’s hash rate and cryptocurrency mining difficulty.
NFTproX offers cloud mining contracts with daily payouts, allowing investors to reinvest their earnings to maximize their investment returns.
Help centre
1. How to invest for free?
NFTproX provides Novice experience package users can buy daily to earn profits. They can withdraw the entire balance once have made $100.
2. How to use the affiliate program?
Users can join NFTproX’s affiliate program to earn lifetime referral rewards. Why is it a good idea to join an affiliate program on NFTproX? After registering for a website account, review all the perks on user account. Every user who refers new clients receives a lifetime 5% incentive from their NFTproX payments. Everything is transparent and secure.
3. Is NFTproX secure and trustworthy?
NFTproX is a secure and trustworthy platform for NFT Cloud Mining and investment. NFTproX takes several measures to ensure the safety and security of its users, including Email authentication, SSL encryption, audits, and compliance with regulations.
4. How to contact NFTproX?
On the platform, customer service is available round-the-clock. Expert professionals can always assist users and resolve any technical or financial problems. They can reach the company by email at [email protected]
Conclusion
Investing in NFT projects on NFTproX can be a lucrative way to earn passive income while diversifying one’s investment portfolio. The combination of NFT investments and cloud mining provides users with a unique and efficient way to invest in the blockchain industry. To maximize their investment income, Investors should carefully select NFT projects and cloud mining providers, regularly monitor their investments, and stay abreast of market developments. While investment risks exist, the diverse investment opportunities on NFTproX offer enormous potential returns. So why not give it a try today at https://www.nftprox.com/?
Twitter: https://twitter.com/NFTproX
Youtube: https://www.youtube.com/@NFTproX
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Cloud Mining Earning Made Easy By GbitcoinsÂ
With the rise in the wide adaptability of cryptocurrencies, there is an emerging need to generate ways to earn from these coins. Founded in 2016, Gbitcoins is one of the earliest companies that provide cloud mining services by taking minimum charges and giving lucrative rewards to the miners. Thus cloud mining becomes one of the vital ways to earn a variety of cryptocurrencies in 2023, and Gbitcoins plays an important role in delivering this opportunity.
What is Cloud Mining?
In cloud mining, a miner purchases hash power from the service provider and executes the mining process without buying expensive hardware. By picking the best packages, miners can minimize the mining cost and earn a substantial amount of cryptocurrencies as incentives. Even if you are not tech-savvy, you can easily participate in the mining process at a basic cost by eliminating the need for equipment maintenance and high energy cost.
Advantages Of Cloud Mining PlatformsÂ
Suitable for Beginners – If you are not technically sound with mining and unaware of mining methods and procedures, cloud mining is the best way to establish yourself as a miner. For cloud mining, you just need money and knowledge about the service-providing company you are about to associate with.
Minimal Infrastructural Requirement – For cloud mining, you won’t require expensive equipment and space.
Mine Various Cryptocurrencies – Cloud mining platforms enable you to mine various cryptocurrencies.
Why Gbitcoins?
Trusted Name – With over 490k active members from 200+ countries, Gbitcoins has already established itself as one of the leading names in the market. The Gbitcoins business is continuously expanding, it provides the world’s top cloud mining services and aims to cover the whole cryptocurrency industry.
Prioritized R&D – Gbitcoins focuses on eliminating technical hindrances and improving the service execution process. More than half of the Gbitcoins team works in the R&D department to enrich the technical expertise and provide the best service to the clients.
Usage of Renewable Energy – To reduce the cost of mining, Gbitcoins uses solar and wind energy, sending the remaining power to the grid to provide miners with more mining power.
Regular Profits – The profits come consistently with Gbitcoins because of their expert team at work and are updated daily on your portal.
SSL Safety – By enabling SSL encryptions, Gbitcoins provides an extra layer of security to service seekers and protects their investment from malicious intentions.
Follow these steps to start earningÂ
Step 1 (Sign Up)
Go to https://gbitcoins.net/Home, scroll down, and click on sign up to register yourself or create an account on Gbitcoins.
Step 2 (Select Mining Package)
Gbitcoins have a variety of mining packages in different cryptocurrencies to offer a wide-ranging option to service seekers. Some of them are:
Free Cloud MiningÂ
Contract Terms: 1
Contract Price: $15
Fixed Return: $15 + $0.9
Daily Rate: 6%
Bitcoin Mining
Contract Terms: 3
Contract Price: $100
Fixed Return: $100 + $5.45
Daily Rate: 1.82%
Bitcoin Mining (May Day)
Contract Terms: 3
Contract Price: $300
Fixed Return: $300 + $19.5
Daily Rate: 2.17%
Litecoin Mining
Contract Terms: 7
Contract Price: $500
Fixed Return: $500 + $70
Daily Rate: 2%
BitcoinCash Mining
Contract Terms: 14
Contract Price: $1500
Fixed Return: $1500 + $472.5
Daily Rate: 2.25%
Dogecoin Mining
Contract Terms: 21
Contract Price: $3000
Fixed Return: $3000 + $1638
Daily Rate: 2.6%
Dashcoin Mining
Contract Terms: 30
Contract Price: $6000
Fixed Return: $6000 + $5400
Daily Rate: 3%
Step 3 (Start Earning)
After selecting the package, start receiving your daily profits in your mining account as per the contract guidelines.
Take part in the Invite Friend’s Program and earn a reward of 5.5%
Gbitcoins, the world’s top cloud mining service is offering a bounty of up to 5.5% on each sign-up of your friends. Suggest Gbitcoins to your friends to earn free money through the invite friend program. You’ll also get a $15 reward on your sign-up.
Final Thoughts
If you’re thinking to start your journey as a miner in the vast world of cryptocurrencies, Gbitcoins cloud mining is the suitable go-to platform. Gbitcoins’ positive reputation in the market and its large network of associates & service seekers generate a sense of trust and assures a safe cloud mining environment.
Crypto Mining in the Himalayas: Bhutan and Nasdaq-Listed Bitdeer Partner to Raise $500 Million
Bitdeer Technologies Group, a top cryptocurrency mining technology provider, has announced a strategic partnership with Druk Holding & Investments (DHI), the commercial arm of the Royal Government of Bhutan, to develop environmentally sustainable, carbon-free digital asset mining operations in the Kingdom of Bhutan.
Creating a Sustainable Fund
The partnership aims to establish a closed-end fund, estimated to be worth up to $500 million. Fundraising is set to begin at the end of May, with the objective of attracting investment from the international community. The fund will leverage Bitdeer’s expertise to advance DHI’s digital asset mining and investment initiatives, as well as blockchain projects in Bhutan. Bitdeer will serve as the general partner, while DHI will act as a strategic limited partner.
Fostering Global Innovation Networks
Bitdeer’s Chairman, Jihan Wu, expressed enthusiasm about working with DHI to access Bhutan’s zero-emission power for sustainable blockchain development. He emphasized that the new fund will foster global stakeholder networks driving growth and innovation in Bhutan’s technology sector.
Ujjwal Deep Dahal, CEO of Druk Holding and Investments, commented on the partnership’s significance for DHI and its mission to improve the lives of the Bhutanese people. The collaboration with Bitdeer to launch a carbon-free digital asset mining data center is an investment in a more connected and sustainable domestic economy, positioning Bhutan at the forefront of global innovation.
Investing in a Green Future
The capital raised will be directed toward greenfield operations in Bhutan, including constructing data centers and acquiring cutting-edge technology. This initiative is in line with Bhutan’s ambitious plans to accelerate the kingdom’s digital transformation and economic diversification by exploring emerging sectors.Â
Investments will be made in strategic areas such as renewable energy assets, including hydropower, green ammonia, and the hydrogen fuel economy, as well as in emerging technologies like blockchain, artificial intelligence, machine learning systems, carbon credit platforms, and the metaverse.
Guide to Earning Passive Income through Cryptocurrency Cloud Mining
Cryptocurrency mining has always redeemed people who refrain from crypto trading due to several risks. But with time, crypto mining difficulty has increased as the expense of operating miners gets out of hand. The reasons for that are:
- Crypto mining requires a lot of energy.
- Mining rigs and other equipment are way too expensive.
- The inefficiencies of the PoW system are evident now more than ever.
- Mining farms and pools have turned crypto mining into a fierce competition.
Despite these challenges, crypto mining is not dead but rather transformed into what is now known as cloud mining. Cloud mining is a method of crypto mining that utilizes remote mining facilities and a datacenter and shares the profits among subscribers.
Why is cloud mining the future of crypto mining?
Many could see the benefits of cloud mining when it first emerged, and since then, it has become famous as a way to generate passive income. Here’s why cloud mining is such a big deal:
- Cloud mining platforms are comprehensive solutions to all your crypto mining requirements. This means that once you sign up on a trusted platform and determine what you want to mine, everything else is taken care of.
- Cloud mining eliminates the need for hardware, software, and even technical skills. These used to be must-haves for traditional crypto mining. But now, anyone, irrespective of their skill, can benefit from crypto mining.
- Traditional crypto mining, where individuals were responsible for maintaining uptime and 24/7 connectivity. But by eliminating all those hassles, cloud mining gives users the freedom and time to do more.
- Participating in cloud mining does not require one to buy expensive mining rigs, make space for equipment, bear electricity bills, or worry about excess heat and fan noise. A trusted company manages everything on your behalf while you easily receive your earnings.
Due to the aforementioned benefits, there is a growing demand for reliable cloud mining platforms. One such platform is Fancy Crypto, which is now a fan favourite for cloud mining.
Fancy Crypto – a user-friendly cloud mining service you can trust.
Fancy Crypto first launched as a cloud mining company, which quickly grew to over 360,000 users around the globe. Fancy Crypto aims to make cloud mining globally accessible.
Before Fancy Crypto, people had to scan the available options and then determine legitimacy before opting for a cloud mining platform. But then Fancy Crypto emerged, whose cutting-edge technology powers high-end industrial data centres from any device and almost anywhere.
Now this platform offers;
- 2%–10% of the world’s cloud mining hashrate
- A rare and extensive technological expertise
- Easy and risk-free cloud mining contracts
- Daily profits per your mining contract
Packages and Profits
The reason why Fancy Crypto is deemed a user-friendly and truly affordable cloud mining service is due to the packages it offers. Currently, there are seven best cloud mining packages available for users on their website. All of these packages provide daily profit, which is credited to the user’s account every 24 hours. Here’s a rundown of different packages and their profit margins:
- Free: Daily profit in this tier is $0.15 with a contract price of $10.
- Experience: The daily profit in this one is $2.50, with a contract price of $100.
- ETH: Daily profit is $4.80 with a contract price of $300.
- LTC: Daily profit is $14.40 with a contract price of $800.
- DOGE: Daily profit is $29.25 with a contract price of $1,500.
- ETC: Daily profit of $64.50 with contract price of $3,000
- BTC: Daily profit is $117.50 with a contract price of $5,000.
Note that Fancy Crypto settles interest within just 24 hours.
Referral Program
Fancy Crypto’s referral program turns you into an affiliate and provides you with several benefits along the way, for example:
- You receive 3% off of your referrals’ purchase orders.
- No need for investment for becoming an affiliate
- You get an instant payout for referral rewards.
Conclusion
Fancy Crypto is a feature-rich, lucrative, globally accessible, and affordable cloud mining platform that can easily fill the gap left by traditional crypto mining. Through their referral program, it’s possible to more details, please visit https://fancycrypto.comearn without even investing. For more details, please visit https://fancycrypto.com/
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Your Ultimate Guide to Mastering the World of Cryptocurrency Mining
Introduction
In today’s digital world, cryptocurrencies have emerged as an alternative to traditional forms of payment and investment. Among these cryptocurrencies, Bitcoin stands out as the most popular and widely accepted. As the demand for Bitcoin and the understanding of its underlying technology grows, the mining process has become increasingly competitive and complex. To address this gap in knowledge and help aspiring miners, the “Bitcoin Mining Academy” has been launched. This comprehensive blog website covers all aspects of Bitcoin mining, from understanding the terminology to providing advice on starting your own mining operation.
Understanding Bitcoin Mining
Bitcoin Mining Academy begins by offering users an in-depth understanding of the fundamentals of Bitcoin mining. For those who are new to the concept, the website explains how mining is the process of verifying Bitcoin transactions and adding them to the blockchain, which is a public ledger of all transactions. Miners are rewarded with newly created bitcoins and transaction fees. The website delves into essential concepts, such as hash rates, difficulty, and mining pools, making it easier for beginners to grasp the complexities of the mining process.
Hardware and Software Options
The blog also offers a comprehensive guide to the hardware and software required for Bitcoin mining. It covers various mining hardware options, such as ASICs (Application-Specific Integrated Circuits), GPUs (Graphics Processing Units), and FPGAs (Field-Programmable Gate Arrays), and compares their efficiency, power consumption, and profitability. In addition to hardware, the website explores popular mining software, including both proprietary and open-source solutions. This information enables users to make informed decisions about the equipment they need to start their mining journey.
Mining Strategies and Techniques
Bitcoin Mining Academy does not stop at hardware and software. It goes further by offering users insights into effective mining strategies and techniques. This includes advice on choosing the right mining pool, optimizing the mining setup for maximum efficiency, and managing power consumption to reduce costs. Moreover, the blog discusses solo mining versus joining a mining pool, and how to select the most appropriate mining method based on individual goals and resources.
Operating a Mining Farm
For users interested in large-scale mining operations, Bitcoin Mining Academy provides guidance on setting up and managing a mining farm. This includes practical advice on selecting the right location, evaluating electricity costs, ensuring adequate cooling and ventilation, and implementing proper security measures. It also covers the financial aspects of running a mining farm, such as calculating return on investment (ROI), managing cash flow, and navigating the tax implications of mining operations.
Environmental Impact and Sustainability
One of the concerns surrounding Bitcoin mining is its environmental impact, particularly the high energy consumption associated with the process. Bitcoin Mining Academy addresses these concerns by offering guidance on sustainable mining practices. This includes exploring renewable energy options, such as solar and wind power, to reduce the carbon footprint of mining operations. Additionally, the website discusses the ongoing development of energy-efficient mining technologies and the potential impact of these innovations on the future of cryptocurrency mining.
Regulatory Compliance and Legal Considerations
As Bitcoin mining becomes more mainstream, it is essential to consider regulatory compliance and legal issues. The blog covers the evolving landscape of cryptocurrency regulations and their impact on mining operations. This includes discussions on mining licenses, taxation, and Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements. Bitcoin Mining Academy aims to keep users informed of the latest regulatory changes and help them stay compliant with local and international laws.
Conclusion
The launch of Bitcoin Mining Academy marks a significant step forward for individuals interested in entering the world of cryptocurrency mining. By providing comprehensive information and guidance on all aspects of the mining process, this website is poised to become an invaluable resource for both beginners and experienced miners.
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Passive Income With Cloud Mining: Free Tutorial 2023
Most individuals return their investment amount within 3-10 days on HappyMiner.
In this HappyMiner review, You will read about cloud mining services a well-known US hash provider provides. Let’s find out if HappyMiner is legitimate or a scam, what services they now supply to investors, and how realistically profitable their contracts are.
What is HappyMiner?
HappyMiner is a licensed cloud mining company founded in 2018 in the United States. Like any certified hash provider, HappyMiner owns industrial facilities with a big tech park of professional Bitcoin mining rigs. Data centers are located in Iceland, Norway, and Canada. 2,800K+ individuals from all around the globe currently earn cryptocurrency on HappyMiner.
Features for Investors
- Sign up to get $10 immediately.
- Automated daily payouts.
- The free package can be purchased daily.
- An affiliate program with 4.5% lifetime rewards.
- Different Crypto contracts to choose from.
- No overhead or electricity fees.
- 24-hour online support.
- DDos and SSL protect the system.
Advantages
Next, in our HappyMiner review, let’s see the main benefits of the company and its services. What is pretty apparent, unlike HappyMiner, scam cloud mining websites won’t bring you all those opportunities for your passive income.
- When you sign up, you get $10 immediately. You can use it to buy the Primary Mining package daily, and you will get $0.80 daily.
- The minimal deposit amount is $100 only. Create your cryptocurrency business without huge investments.
- Quick and straightforward start process. Sign up and start mining Bitcoin in a few minutes.
- Instant daily payouts. Get a profit from cloud hash contracts daily on HappyMiner (review available withdrawal methods on their website).
- No commitments. Exit cloud mining business at any moment on HappyMiner (scam websites can impose particular obligations on users simultaneously).
- High profitability. Depending on the chosen Crypto package, the daily yield rate starts at 8%.
Is HappyMiner Scam or Trustworthy?
| HappyMiner | Scam Websites |
| Works under the license of the United States | Do not have any licenses |
| A certified cloud mining company | Do not have certificates (or have fake ones) |
| Your personal and financial information is protected by SSL on HappyMiner | Scam websites do not guard but rather steal your information |
| Provides guaranteed 24-hour payouts | Regular payouts are not guaranteed |
| To ensure the security of the cloud mining process, users must use real emails to register. | Scam platforms do not care if you use a real or fake email. |
As we can see, the question is whether the HappyMiner scam or legit cloud mining platform makes no sense. With trusted companies, your funds are always safe. And unlike HappyMiner, scam websites are the real danger for you and your money.
Is It Profitable?
Interested in the profitability of cloud mining on HappyMiner? Review the numbers below.
| Contract Price | Contract Terms | Fixed Return | Daily Rate |
| $10 | 1 Day | $10+$0.8 | 8% |
| $100 | 3 Days | $100+$4.5 | 1.5% |
| $500 | 7 Days | $500+$63 | 1.8% |
| $1,200 | 15 Days | $1,200+$345 | 1.92% |
| $3,000 | 30 Days | $3,000+$1,890 | 2.1% |
| $6,400 | 60 Days | $6,400+$8,880 | 2.31% |
FAQ
Payouts will be made daily. You don’t need any special hardware or software to keep your computer on to do mining; we will do the cloud mining on your behalf.
You have to be at least 18 years old before you’re allowed to become a member. In addition to this, you must agree to our Terms of Service. Anybody from anywhere in the world can join. Even if you live in the desert, you can join with an internet connection.
Every HappyMiner customer has a unique referral link, which can be shared with anyone, you would like to invite to start using HappyMiner. Any new user who registers using your referral link becomes a lifetime referral.
If you have any questions or concerns, please get in touch with our official email or our 24-hour online customer service; we will gladly assist you.
Conclusion
With a leased-hash model, you can rent hash power from a company that runs powerful mining equipment and associated facilities. Bitcoin mining in the cloud looks like the future of digital money and is promising. You have regular passive income in cryptocurrency with trusted certified hash providers like HappyMiner. Profit depends on the investment amount and selected contract. We truly hope you will use our detailed HappyMiner review to select a profitable Bitcoin miner to rent.
To learn more about HappyMiner and purchase cloud mining packages, visit its website at https://happyminer.us/
Twitter: https://twitter.com/happyminerUS
Youtube: https://www.youtube.com/@happyminerUS
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