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utk-hlp · 4 years

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Understand the overall game procedure for miners' behavior in Bitcoin halving

Many analysts believe that Bitcoin has a cheap limit because the production cost of Bitcoin miners has a break-even point. This statement is not accurate. In fact, as the cost of Bitcoin gets closer and closer to the production cost of miners, Bitcoin sell-offs tend to accelerate. Bitcoin prices have been facing selling pressure from miners. The supporting factors for the purchase price actually result from the surrender of miners and the net reduction of hash power around the Bitcoin network-that will be, favorable difficulty changes. We have to learn how to use game theory to analyze the actions of miners, which is extremely critical.

The cost of a miner to create Bitcoin is determined by its electricity bill, because for your miner, 95% of the operating expenses are power bills. Bitcoin needs to reach a certain price so that the Bitcoin revenue earned by miners can go beyond the electricity costs. The miners who is able to get the most affordable electricity price possess a substantial comparative advantage. We shall analyze it the following:

* Bitcoin network: Who are the marketplace participants and just how do they affect the price tag on Bitcoin? Dissecting all levels of the mining network

* How the next generation of mining machines will degree the game-so that miners with high electricity prices can still stay in the game.

* Break the misconception that "the break-even point of miners may be the lower limitation of Bitcoin's cost".

* The impact of the 2020 halving around the Bitcoin industry-three consecutive victories.

* Difficulty of mining: Satoshi Nakamoto's sophisticated network stability mechanism-understanding its gravity grip.

* How miners surrendered to accelerate Bitcoin's cost bottoming. There are three main forms of participants within the Bitcoin market:

* Investment funds: hedge funds, venture capital funds, family wealth administration along with other institutional investors. They almost totally follow a "lengthy only" technique and rarely short. They usually possess a long-term inclination to bullish, but if their values are tested, they have the capability to withdraw their jobs anytime and then keep.

* Hodlers: Long-term accumulators wanting to maximize Bitcoin holdings. Gold coin hoarders possess a long-term bullish inclination and are less sensitive to cost fluctuations than expense funds. Nevertheless, like investment funds, hoarders can withdraw almost all their jobs and leave anytime.

* Miner: The backbone of the Bitcoin network. Weighed against investment funds and coin hoarders, miners have a higher belief in Bitcoin. They have a long-term expense horizon. They spend money on assets with an extended existence cycle, which can neither be utilized for other purposes, nor can they become quickly recognized at fair marketplace value. For instance, ASIC miners possess a existence cycle of more than 3 years and will only be utilized to mine Sha-256 protocol coins (almost only Bitcoin). Bitcoin mining amenities have a existence cycle of more than 5 yrs and are usually renovated warehouses specifically designed for chilling mining machines. On average, it takes 18 months for miners to achieve a balance of obligations after investing funds in mining machines, facility design, and electricity expenses. Miners will be the primary driving power of selling strain on the Bitcoin network. All the recently issued bitcoins are usually gathered by them, plus they must market bitcoins to be able to fund the administrative centre and operating expenditures of their mining business. Around 54,000 new bitcoins are mined on a monthly basis due to selling pressure from miners. Let's assume that the deal cost of Bitcoin will be USD 10,000, that is equal to a monthly supply of USD 540 million of new Bitcoin released into the fingers of miners. Of the 54,000 bitcoins, miners must market a large portion to pay for electrical power. Miners with increased electricity prices must sell a more substantial percent of Bitcoin to pay for electricity. Therefore, a large area of the capital outflow around the Bitcoin network is usually powered by miners. The brand new bitcoins released are potential selling pressure Anatomy of the mining network level, the proper figure shows the distribution of miners' electrical power fees as well as the percent of hash power controlled by miners with each degree. The percent of hash power comes from the percent of bitcoin mining benefits received at each level

How does the next generation of mining machines level the field? Due to the launch of a new generation of mining machines, the dynamic connection before 8 months provides changed significantly. Bitmain's S17 Pro 50T uses 50% more energy than S9 13.5T, but generates 300% more hash power than the second option. Deploying one S17 Pro 50T is equivalent to the hash power of four S9 13.5T mining machines. The initial and second coating miners once held a large proportion of the network hash rate. For their low electricity prices, they did not have much motivation to upgrade to the next generation of mining machines. The older generation S9 13.5T uses a 16nm chip, as the S17 Pro 50T uses a 7nm chip. Innovations in chips possess made electricity less important, because each terahash consumes less electricity. The next generation of mining machines reduces the economic impact of high electricity prices. In contrast, the older generation of low-efficiency mining machines won't have much relative disadvantage if they're at low electricity prices. In the perspective of coating 1 and coating 2 miners, considering the percent of older mining machines nevertheless on the network, if you update mining equipment to obtain lower production expenses, there are possibilities for Bitcoin/balance sheet depletion The price isn't worthwhile. So long as the miners in other layers are still using older mining machines, the first and second levels it's still competitive even if they use older mining machines. Mining depends upon survivability and getting more competitive than peers. Because the miners from another to 8th flooring switch to a new generation of mining machines, in the future when their hash control is close to 100%, the first and second flooring will be pressured to up grade. Bitcoin halving is likely to be the fuse of the incident. So long as the price tag on electricity rises, if the Bitcoin reserve/balance sheet is consumed to obtain funds for your buy of next-generation mining machines, it will immediately become a bargain from the opportunity cost. As soon as May 2019, forward-thinking miners began to predict that due to the 2020 halving, S9 will face the risk of shutting down. As a result, before 8 months, coating 3-8 miners have actively came into the hardware up grade cycle and switched to next-generation mining machines, while coating 1 and coating 2 miners are still running their old generation S9. The upgrade of the next generation of mining machines has increased the hash rate of the network by 80%, and increased the proportion of the network hash rate represented by layers 3-8-diluting the first and second layers in the entire network The share of the hash rate.

As a result, environmentalists' predictions around the Bitcoin network were beaten. Many people forecast that as the Bitcoin network exceeds a certain hash rate, it'll cause excessive energy consumption. Nevertheless, as mining machines are becoming more efficient, the energy usage rate of network hashing has fell significantly. Understanding the behavior of Bitcoin miners The next analysis will describe how miners operating under different electricity prices will sell down the marketplace when their gains are usually squeezed, and after unprofitable miners shut down (effect of difficulty) The offering pressure caused is eased. We simulated the manners and choices of miners in various scenarios predicated on video game theory. These scenarios aren't to propose a certain target cost of Bitcoin, but to demonstrate the way the mining network will be impacted when Bitcoin reaches various price levels before and following the halving. In order to facilitate the simulation, we use a one average kWh price for several miners in the same "miner layer". Only by this simplification can we confirm the number of miners that are "shut down" at the purchase price threshold of each Bitcoin break-even point. This also leads to a waterfall to form once the miner shuts down, because it amplifies the next network difficulty adjusting and also magnifies the profit of the remaining miners. Because of these assumptions, this design creates a "phase diagram", which really helps to conceptualize the truth, but the actuality should be a smoother, more linear change. To become consistent, this analysis helps make the following configurations:

* Bitmain S17 represents the next generation of mining machines, and Bitmain's S9 represents the prior generation of mining machines. The next generation and the prior generation account for the percent of hashes in the complete network, currently 61.38% and 38.63%.

* Within each coating, the electricity cost of all miners is unified and in line with the typical kWh rate of all miners in that coating. Therefore, with this analysis, the break-even manufacturing costs of all miners at each degree are consistent. When the cost of Bitcoin drops below this aspect, all miners will shut down.

* During the analysis, no new miners joined the network.

* The proportion of S17 and S9 mining machines in each floor differs, in line with the distribution inside the following desk: The key reason why we have full confidence in these settings originates from the following points:

* Blockware Options, LLC is one of the largest Bitcoin mining device distributors in THE UNITED STATES. Our customers and partners mine in the following countries and areas: USA, Canada, Mexico, Venezuela, Paraguay, South Africa, Iceland, Sweden, Norway, United kingdom Columbia, Germany, Eastern Europe, Kazakhstan, Russia, UAE, Iran, Mongolia, Tiongkok, Japan and Australia. Our business scope is wide: customer bottom, strategic partners, business partners and systems, which account for a lot more than 20% of the total hash rate of the network.

* We are performing work meetings and peer reviews with the top mining swimming pools and the biggest ASIC manufacturers to gain insights into the percent of hash prices, electricity prices as well as the distribution of mining device versions in each region.

* We have visited a lot more than 30 megawatt mines inside Chengdu, China, as well as operations inside hydropower-rich areas inside northern NY State as well as the Pacific Northwest.

* Customers and partners inside China's Sichuan Province, Venezuela, Kazakhstan, West Texas, northern NY as well as the Pacific Northwest have electricity costs significantly less than 3 cents per kilowatt-hour, but most of them use the earlier generation of mining machines. They have little incentive to up grade to the next generation of mining machines, because the electrical power price is quite low, and the benefits of using more efficient mining machines aren't high, so there is absolutely no cause to upgrade to the next generation of mining machines due to the huge cost. When the cost of Bitcoin reaches $10,000: every layer of miners has healthy income When Bitcoin is investing at $10,000, every miner degree enjoys a wholesome profit margin, especially the S17 miner products. However, for your 8th flooring miners, the S9 mining device is close to the shutdown price. Even if Bitcoin reaches a high cost of US$10,000, the S9 mining device around the 8th coating still needs to market 96.3% of the Bitcoin it produces to protect electricity expenses. Based on the over scenario, all miners must market at the very least 39.12% of Bitcoin (equal to US$211,225,815) monthly to protect electricity expenses. Which means that new funds deployed by expense funds and coin hoarders must get to $211,225,815 monthly to keep up with the lawful currency expenditures required by miners for their operations. The offering pressure of miners will be continuous, as the new funds raised by investment funds and foreign currency holders are powered by marketplace sentiment and vary according to different levels of the marketplace cycle. When the cost of Bitcoin was at $7,500: "The break-even point of the miner may be the bottom line of the purchase price" is broken As the cost of Bitcoin fell, the income of miners were squeezed. As a result, they are pressured to sell a more substantial percent of mining benefits to pay for electricity (revenue is usually declining, while fees remain the same). Let's take a look at the miners operating S9 around the 6th, 7th, and 8th levels: Because the cost of Bitcoin techniques and breaks through the miners' break-even cost, the miners are actually operating baffled. They have to market all the bitcoin they mined, plus they also have to market their earlier bitcoin reserves to pay for the electricity costs. This has delivered to the market offering pressure beyond new mining coins-the opposite force of cost support. Understanding the difference between actual operating results and document talks. Many people believe that once the cost of Bitcoin gets to the break-even point, miners can directly shut down and they'll not operate baffled. This can be a significantly misunderstood idea. Contractual commitments and failed economic management often maintain miners operating baffled. This also causes miners to sell more cash than they have mined; depletes Bitcoin reserves and brings additional selling strain on the market:

* The miners have negotiated with the power company to attain a lower price electricity fee agreement, but the prerequisite for obtaining these electricity prices is to meet the least electricity usage threshold. Thus, some miners may find that even if mining reaches a loss during a particular period, they nevertheless have to continue mining to meet up the least usage requirements, in any other case they'll not be able to benefit from the predetermined long-term electrical power price. (When it's unprofitable) They cannot simply shut down for weekly or a 30 days to wait for Bitcoin to rebound.

* A lot of miners send their mining machines to hosting amenities. These escrow contracts lock miners at a set rate for one to two 2 years, that is, each mining device is charged a set monthly fee (dependant on the electricity cost). If a miner defaults around the payment, the guardianship facility can confiscate the miner. As a result, numerous miners will drill down for several weeks even if they are baffled, so as to avoid default and steer clear of the risk of losing expensive mining machines.

* The miner becomes a speculator. Miners may also be human, so mood swings are unavoidable. A lot of miners may make an effort to adopt a plan to sell a certain amount of Bitcoin on the proper period. Some miners may market when they get a block reward, while some might want to market weekly, monthly, or only market enough bitcoins to pay for electricity. Unfortunately, when Bitcoin increases, miners often become speculators, wishing to seize a wave of bull marketplace. We have propagated ideas with among the largest over-the-counter investing platforms within the crypto area. In September 2019, we discussed why some mining customers of over-the-counter investing platforms would deviate using their money out programs and thought we would hold rather than offering their mined bitcoins in July and August because they considered that bitcoins Will continue steadily to rise. Nevertheless, Bitcoin peaked in past due June, and these miners got to sell Bitcoin at lower prices in September and October. This situation provides accelerated the offering of bitcoins, because as well as the recently mined bitcoins, the money from bitcoin reserves provides caused additional offering pressure. In short: When the cost of Bitcoin is 10,000 USD, the total amount of Bitcoin mined on a monthly basis only needs to be sold 39.12% to protect the electrical power bill. Once Bitcoin drops to $7,500, the income of all miners will fall, as well as the S9 miners around the 6th, seventh and eighth floors can only operate baffled. As a result, the bitcoin mined on a monthly basis needs to market 53.18% of the total to protect the electricity bill. The explanation of the aforementioned figure on the road map of miners surrender is really as follows:

* Bitcoin is close to the break-even cost of a certain miner. The miner's profit margin was compacted, and he had to sell most of the bitcoin he mined. This caused greater selling pressure in the market.

* Bitcoin fell below the breakeven cost of a miner, in order that he can only operate inside a loss state.

* The miner must offer all the bitcoins he's got mined, and he's got to sell his bitcoin reserves to be able to cover the electricity costs. This has developed a selling strain on the marketplace other than new mining coins.

* This additional marketing pressure accelerated the Bitcoin sell-off and continued before miners operating baffled finally surrendered. They will clear their whole balance sheet and move bankrupt (it may take almost a year).

* After bankruptcy/surrender, these miners shut down the mining machines, which furthermore caused a decrease in the hash price of the complete network. This resulted in a favorable problems adjustment.

* With this particular difficulty adjustment, recently mined bitcoins are usually transferred from inefficient miners to making it through miners. The making it through miners have healthier income, which reduces the selling strain on the cost of Bitcoin, and also offers a healthier environment for the rise of Bitcoin. When Bitcoin cost reaches $7,500-just before the halving There are lots of inefficient, old-generation miners nevertheless mining Bitcoin (miners running S9 in layers 3-8). These miners have caused the largest selling pressure on Bitcoin because most of the cash they dig need to be sold to pay power bills. The miners working S9 at ranges 3-8 have the highest breakeven bitcoin cost. They represent pressure points in the current mining network that place downward pressure on Bitcoin prices. Bitcoin price with $5,000 - before the halving In the case that Bitcoin continues to fall to 5,000 USD, the S9 miners around the 6th, 7th and 8th floors will undoubtedly be forced to shut down. This has resulted in a favorable problems adjustment that will also enhance the break-even cost of all remaining miners. However, regardless of the benefits of problems changes, when Bitcoin reaches $5,000, the 4th and 5th layer miners operating S9 are still running baffled. The S9 miners around the 4th and 5th levels represent a new pressure point within the mining network, which makes the price tag on Bitcoin very vulnerable. These S9s will observe the aforementioned roadmap for miners to surrender: they'll begin to unfilled their Bitcoin reserves to protect the expense of electrical power, until each goes bankrupt and are pressured to shut down-continuing to improve the selling pressure of Bitcoin before the shutdown. Bitcoin price with $5,000 - after inefficient miners shut down After running baffled for a long period, the S9 around the 4th and 5th floors furthermore shut down. As a result, the remaining miners finally noticed the difficulty adjusting in their favor. The S9 shut down around the 4th and 5th coating accounts for 14.5% of the total network hash rate. Which means that following the shutdown, 14.5% of the new coins previously mined from the 4th and 5th coating S9 will undoubtedly be redistributed to the remaining miners. This redistribution will enhance the break-even price of the retained miners and decrease the selling pressure of Bitcoin because the profit margins of the retained miners will improve. The recently mined bitcoins are now accumulated within the fingers of strong fingers (more efficient miners). The minimum selling pressure from miners fell from 69.60% to 51.49%. When Bitcoin cost reaches $5,000 - following the halving When Bitcoin is halved and the purchase price reaches $5,000, the network will undergo a wholesome clean-up, and Bitcoin will undoubtedly be in the best position to attain a new high again (even if the price tag on Bitcoin reaches $8,000, it'll bring a substantial Clean up). The halving event in-may 2020 will reduce the benefits for miners by 50%. Mining revenue denominated in Bitcoin will lower by 50%. In order to stabilize the profit margin of mining, only when the price tag on Bitcoin increases, can the mining revenue denominated in USD received by miners stay unchanged. That is essential, because only then can miners finance their power bills. All miners working S9 with power bills exceeding 2.5 cents per kilowatt-hour (levels 2-8); and working S17 with power bills exceeding 6.5 cents (layers 7 and 8) are operating baffled. When they are usually forced to shut down, An extreme occasion of miner surrender will take place. When Bitcoin reaches $5,000-right after the halving-after inefficient miners shut down Satoshi Nakamoto's sophisticated network stability system: understand the gravity grip of mining difficulty around the profit margin of miners. If the Bitcoin cost remains at a minimal degree for 2-4 weeks following the halving, numerous miners operating baffled will undoubtedly be forced to shut down. After all of the miners operating baffled are shut down, the making it through miners will encounter huge profit margin release. We will see a short-term network chaos, as soon as the inefficient miners shut down, the difficulty adjusting will restore stability to the planet. Trouble: The Bitcoin protocol has a self-correction system that can stabilize the profit margin of the mining network to ensure that miners will get good enough incentives to continue to ensure the safety of the network. Miners will be the backbone and safety layer of the Bitcoin blockchain. The difficulty system ensures that efficient miners are inspired to believe their roles. That is probably one of the most underestimated and unidentified phenomena within the Bitcoin mining field. If the mining network is experiencing profit margin compression, minimal efficient miners will undoubtedly be eliminated coating by layer. Using the shutdown of inefficient miners, there are fewer hashes for timely block generation around the network, so it takes longer for your network to mine a block. If the network will not generate blocks within 10 minutes, a favorable problems adjustment will take place. The rewards which were initially acquired by shutting down miners are actually distributed to miners who remain on the network. Individuals think this can be a beneficial difficulty adjustment. This process will continue before profit rate results to normal, which is even very appealing for the remaining / most effective miners. Mining is a battle for success. The difficulty adjusting will reduce the effect of Bitcoin cost corrections on effectively operating miners. The shock before the breakthrough-three consecutive victories * Halving-the improvement of the supply part economy Many market individuals are speculating about the future of Bitcoin. What is certain is the fact that by mid-May, as the recently issued mining benefits are halved, the selling pressure of Bitcoin will undoubtedly be decreased by 50%. A 50% reduction in the supply-side issuance will reduce the supply of Bitcoin. According to the Bitcoin protocol code, this source has been slowly declining. This can be a beneficial catalyst for Bitcoin prices.

* The halving furthermore improves the demand-side economy and triggers beneficial sentiment Some economists may say that Bitcoin is worthless because it is currently too unstable to become an effective store of value; it is also too slow to be an effective transaction system. The maximalists of Bitcoin state that Bitcoin will be digital gold because of its scarcity. In the long run, it's the marketplace that determines the price tag on Bitcoin. Historically, when Bitcoin is heading towards a halving event, you will see a continuous upward/bull market cycle (several serious price corrections will occur along the way). Most marketplace participants possess a deep knowledge of this traditional trend. Some individuals believe that the halving has been reflected within the Bitcoin cost, but if you don't can confirm that nearly all market participants possess mobilized their money positions and reached the target cost, this can't be confirmed. Market participants possess different views, but most of them keep a certain amount of money position. Everyone understands which the halving time will create positive emotions around the demand side. This psychologically positive sentiment can make market participants anticipate and prepare to mobilize cash positions for upward momentum. Everyone understands about the earlier Bitcoin halving, and everyone skipped the sharp rise of Bitcoin at some point-this is excatly why Bitcoin has more "hoarders" than any asset. The hoarders did not want to be strike again and skipped a surge. This can be a market, and the marketplace is powered by human psychology. The psychology of Bitcoin marketplace participants, before the halving, is commonly bullish. This has spawned beneficial sentiment around the demand part of Bitcoin.

* Opportunistic environment: capitalization due to available debt After the Bitcoin network has experienced significant or sustained favorable difficulty adjustments, the chance of Bitcoin cost bottoming increases (). This is because the recently mined bitcoins are actually distributed to the most efficient and financially audio miners, and they're accumulated. The number of bitcoins acquired by maintained miners will be proportional to the number of bitcoins acquired by shutdown miners. This uncommon opportunity to make money permitted surviving miners to accumulate large amounts of Bitcoin. Many market individuals are quickly purchasing a new stimulus. Through centralized lending establishments and decentralized lending platforms, miners can use the mined bitcoins as guarantee in exchange for money or stable cash to obtain debt. Now, miners may also hold rather than sell bitcoins. Needless to say, they still have to bear power bills, guardianship contracts, purchase more mining machines, or further increase infrastructure. In short, this change provides reduced the offering pressure through the network, and we believe this is an important catalyst for your rise of Bitcoin prices. When more bitcoin is accumulated simply by strong players, it may be hoarded for a long period, which is equal to removing a certain amount of supply through the network. These experienced miners have seen miners surrender before, and their balance sheets likewise have solid Bitcoin counts. Many people choose to keep when they believe that the price tag on Bitcoin is low. For miners who keep a great deal of Bitcoin, getting debt in the market will undoubtedly be another tool for them to keep Bitcoin through the cost correction, which will reduce selling pressure and accelerate bottoming through the correction. Needless to say, this may furthermore become another stimulus for the Internet, and its outcomes deserve careful observation, because debt often leads to tragedy when accompanied by excessive speculation. Combining the aforementioned three forces, we are able to expect that with the rapid improvement of the supply-side and demand-side economies of Bitcoin prices, a strong multiplier effect will undoubtedly be produced. For this reason the halving could make bitcoin prices bullish. When Bitcoin rebounds to $7,500-right after the halving-how miners' capitulation accelerates bottoming After the miners shut down (surrender), the recently mined bitcoins are allocated to the most efficient miners, which will minimize the selling strain on the bitcoin market place because these miners are far above the break-even point. When the miner shuts down, the sale of bitcoin may cause some friction. Likewise, once the bitcoin increases, if the miner wants to restart the machine, there will also be some friction. A lot of miners might have been in arrears for many months of electrical power, custody or land lease fees. If indeed they do not pay out the funds for most weeks of arrears, they can not restart the system. This helps it be easier for the price tag on Bitcoin to go up. As the cost increases, just a small area of the recently mined Bitcoin needs to be sold to protect the expense of electrical power (the cost remains the same), because the making it through miners have healthy profit margins. Miners who've shut down cannot start their machines synchronously once the cost of Bitcoin increases. When prices drop, miners operating baffled cannot shut down immediately. The two are comparable frictions. When the Bitcoin cost rebounds after going through major troubles and adjustments, it generates a favorable environment for efficient miners who do not need to shut down, and they'll also get a larger portion of the cake. When Bitcoin cost rebounds to $10,000-right after the halving-how miners' capitulation accelerates cost bottoming Friction prevents low-efficiency miners from resuming their machines in time. As a result, the benefits for recently mined bitcoins are all obtained by efficient miners, and therefore, the minimum offering pressure from recently mined bitcoins proceeds to decrease. When the Bitcoin price gets to $10,000, the least proportion of offering pressure from miners drops to 23.33%. The next comparison illustrates well how healthy it is to completely clean up by detatching inefficient miners and reducing potential online selling pressure: The cycle repeats again: Bitcoin rises to $10,000-after the halving-rise after difficulty adjustment After the cost of Bitcoin has increased long sufficiently, the inefficient miners are finally in a position to reboot. This resulted in an unfavorable problems adjustment, as more miners contend for the same level of Bitcoin. This resulted in the least percentage of offering pressure from miners rising from 23.33% to 51.49%. This example is a good illustration of the gravity traction aftereffect of mining difficulty. Needless to say, what we observe may be the unfavorable problems adjustment caused by miners signing up for the network, which leads to compression of income. Difficulty adjustment helps to keep the mining network stable and also provides sufficient bonuses for keeping the security coating of Bitcoin. Over time, regardless of how the cost of Bitcoin fluctuates, strong and efficient miners even now have sufficient income to maintain profitability. Ultimately, the issue of mining will eliminate those miners with inefficient operations, but when the price tag on Bitcoin increases sharply for a while, even inefficient miners can appreciate healthy income. Many people fear so much halving. But in the event that you understand the psychology of miners and exactly how game concept drives people's actions, before and following the halving, then efficient miners should encouraged the halving. Miners with the most efficient mining machines (electricity costs significantly less than 6.3 cents per kWh) will encounter pain, but will survive. Bitcoin may naturally face marketing pressure from miners, which will depress the price tag on Bitcoin. After the halving, you merely need to invest less fiat foreign currency to offset the miners' offering pressure. As a result, by injecting sufficiently new legal foreign currency into the system, investment funds and coin hoarders could be more in a position to stabilize the downward pressure and attain long-term raises in Bitcoin prices.

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mikall-manastorm · 7 years

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Top 100 Bitcoin Blogs and Websites on Bitcoin & Blockchain Technology

1 CoinDesk - Bitcoin News, Blockchain News, Prices, Charts & Analysis+ Follow coindesk.com New York, USA About Blog - CoinDesk is the world leader in news, prices, and information on bitcoin, blockchain technology, and other digital currencies. They cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world. Frequency - about 58 posts per week 34,298 130,692 5,224 2 29,667 33,639 15,427 3 n/a 42,039 16,862 4 44,940 146,941 25,388 5 Reddit - Bitcoin+ Follow reddit.com/r/Bitcoin About Blog - A community dedicated to Bitcoin, *the currency of the Internet*. Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. You might be interested in Bitcoin if you like cryptography, distributed peer-to-peer systems, or economics. Frequency - about 350 posts per week 1,098,114 480,418 9 6 Bitcoin.org Blog+ Follow bitcoin.org/en/blog Worldwide About Blog - The Official blog of Bitcoin. Bitcoin is a peer-to-peer network based digital currency. Peer-to-peer (P2P) means that there is no central authority to issue new money or keep track of transactions. 30,579 177,528 11,626 7 NEWSBTC - Bitcoin News, Price, Analysis+ Follow newsbtc.com Bitcoin News Service (Global) About Blog - NewsBTC is a Bitcoin news service that covers cryptocurrency news, technical analysis and forecasts for bitcoin, litecoin, dash, doge & digital currencies. Frequency - about 117 posts per week 3,795 9,540 39,543 8 5,695 3,927 32,022 9 The Coinbase Blog+ Follow blog.coinbase.com San Francisco, CA About Blog - Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin and ethereum. Frequency - about 1 post per month 33,504 154,869 1,895 10 14,843 10,994 93,149 11 ForkLog Magazine+ Follow forklog.net About Blog - ForkLog magazine is an information resource dedicated to Bitcoin, Blockchain, and decentralized technologies. Cryptocurrency events, Bitcoin price analysis, op-ed's, crypto-technologies, and all the news about Bitcoin. Frequency - about 4 posts per week 1,230 1,650 674,072 12 Abitco News+ Follow abitco.in Cryptosphere About Blog - ABITCO.IN strives to be the most comprehensive Bitcoin news, decentralization news, and cryptocurrency news aggregation website on the planet. All the Bitcoin news you need presented beautifully to you the reader because you deserve nothing less. Frequency - about 350 posts per week 113 7,857 3,381,057 13 65,270 1,572 132 14 Bitcoin News+ Follow news.bitcoin.com About Blog - Bitcoin.com is your premier source for everything Bitcoin related. This section of the site focuses on delivering the latest news from the bitcoin space. Frequency - about 44 posts per week 29,907 19,129 11,416 15 3,761 26,040 10,330 16 22,776,067 213,005 1 17 2,785 20,139 19,716 18 Reddit - Bitcoin | The Internet of Money+ Follow reddit.com/r/btc About Blog - Welcome to r/btc! Home of: Up to date bitcoin discussions, News and Exclusive AMA (Ask Me Anything) interviews from top bitcoin industry leaders! Bitcoin is the *currency of the Internet*. A distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without the need for any central authority whatsoever. Frequency - about 350 posts per week 1,098,114 480,418 9 19 48,061 7,548 11,482 20 Ethereum Blog+ Follow blog.ethereum.org worldwide About Blog - Ethereum can be used to codify, decentralize, secure and trade just about anything: voting, domain names, financial exchanges, crowdfunding, company governance, contracts and agreements of most kind, intellectual property, and even smart property thanks to hardware integration. Frequency - about 1 post per month 35,394 67,891 19,476 21 5,235 7,538 19,637 22 284 22,239 2 23 CEX.IO Official Blog+ Follow blog.cex.io UK About Blog - The corporate blog of CEX.IO Bitcoin exchange. Find the latest announcements of CEX.IO, recent Bitcoin price, and cryptocurrency news. Frequency - about 1 post per month 29,478 4,930 21,511 24 99 Bitcoins+ Follow 99bitcoins.com FL About Blog - 99Bitcoins supplies video and text tutorial on how to buy Bitcoins with Paypal, Credit Card, debit card and more. They also supply you with your first Bitcoin. Frequency - about 1 posts per week 7,313 8,979 22,696 25 The BitPay Blog+ Follow blog.bitpay.com Atlanta About Blog - A staff-driven look into enterprise bitcoin development. Accept bitcoin, store and spend bitcoin securely, or turn bitcoin into dollars with the BitPay Card. Frequency - about 1 post per month 10,013 69,313 24,279 26 Bitmain Blog+ Follow blog.bitmain.com/en Beijing, China About Blog - Bitmain Technologies, described as the world's most valuable bitcoin company, was established to develop and sell the world's leading bitcoin miners using Bitmain's ASIC chip technology. 10,315 6,240 27,934 27 619 1,295 37,686 28 The Cryptopay blog+ Follow blog.cryptopay.me London, UK About Blog - A personal blockchain based financial account, where you can buy and sell bitcoins, order a bitcoin debit card and send international payments worldwide. 5,822 2,531 38,684 29 Crypto Mining Blog+ Follow cryptomining-blog.com About Blog - All about BItcoin and Litecoin mining and other alternative crypto currencies, always be up to date with us. This is a blog dedicated to crypto currency miners and users of Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH) and other altcoins. Frequency - about 5 posts per week n/a 1,122 42,886 30 BitPanda News+ Follow news.bitpanda.com Vienna, Austria About Blog - Coinimal GmbH is an Austrian start-up company that specialise in selling and buying Bitcoins and other cryptocurrencies. BitPanda.com is a fully automated platform: As soon as payment is confirmed, the Bitcoins and other cryptocurrencies are automatically sent to the buyers. Frequency - about 1 post per month 2,372 1,040 43,961 31 The BTC Blog+ Follow blog.btc.com Amsterdam & Beijing About Blog - All you need to know about the safe and trusted BTC.com wallet, backed by the world's leading bitcoin manufacturer. Frequency - about 2 posts per week 7,844 2,473 48,017 32 Andreas M. Antonopoulos | Youtube+ Follow youtube.com/user/aantonop/vi.. About Blog - Andreas M. Antonopoulos is a security expert, author, public speaker and entrepreneur who has become one of the most well-known and well-respected figures in bitcoin. He is the author of two books: "Mastering Bitcoin", published by O'Reilly Media and considered the best technical guide to bitcoin and "The Internet of Money", a book about why bitcoin matters. Frequency - about 3 posts per week 5,483 73,949 2 33 Gemini Blog+ Follow gemini.com/blog New York, NY About Blog - Gemini Is Now the World's First Licensed Bitcoin and Ether Exchange. The Next Generation Digital Asset Exchange. 196,041 7,086 48,486 34 Wirex Blog+ Follow wirexapp.com/blog London About Blog - Wirex is the first financial platform to combine bitcoin with traditional currency. Easily use bitcoin debit card, mobile banking, and send money across borders. Frequency - about 2 posts per week 3,611 6,802 49,505 35 TREZOR Blog+ Follow blog.trezor.io About Blog - Intrigues and stories on online security, privacy and the development of the world's most secure and ubiquitous hardware wallet for Bitcoin -- the TREZOR. Frequency - about 1 post per week 5,203 10,591 56,594 36 Purse Blog+ Follow blog.purse.io San Francisco, CA About Blog - Purse is the Earth's largest marketplace, with the lowest listed price on virtually everything online. Purse's endless pursuit of frictionless marketplaces is making global commerce flatter with the one currency that can truly be accepted, anywhere, bitcoin. Frequency - about 1 post per month 2,441 8,001 64,275 37 Zebpay Blog+ Follow blog.zebpay.com India About Blog - Zebpay is India's leading bitcoin exchange. Buy and Sell Bitcoins in India. Buy vouchers and more. Frequency - about 1 post per week 9,496 2,505 65,583 38 Brave New Coin News+ Follow bravenewcoin.com/news New Zealand, Australia About Blog - BNC provides industry news and insights. The coverage spans every aspect of the Digital Currency and Blockchain Ecosystem, including its impact on the greater FinTech and Payments space. Frequency - about 6 posts per week 4,957 11,213 101,246 39 197 161 110,940 40 n/a 1,540 113,545 41 CoinJar Blog+ Follow blog.coinjar.com Europe & Australia About Blog - A simple way to buy, sell and spend bitcoin. CoinJar is a next-gen personal finance account. Frequency - about 1 post per month 3,029 5,258 118,145 42 1,237 2,070 129,706 43 CoinGate Blog+ Follow blog.coingate.com Lithuania About Blog - CoinGate offers Merchant services for various businesses to accept Bitcoin as payment from their customers. We automatically convert Bitcoins to local currency such as EUR/USD which means no price volatility risks for business. Frequency - about 1 post per month 304 303 154,406 44 n/a 10,457 166,043 45 BTCMANAGER+ Follow btcmanager.com About Blog - The home for Bitcoin, Blockchain, Ethereum and FinTech news and information. Stay on top of developments in the digital world of finance. Frequency - about 18 posts per week 4,865 10,249 174,934 46 Bitwala News+ Follow bitwala.io/news Berlin, Germany About Blog - Pay Bills with Bitcoin. Send & receive money, and load your VISA debit card using Bitcoin at best rates, high speed and at a low 0.5% fee through Bitwala. Frequency - about 1 posts per week 6,913 2,563 188,832 47 342 3,168 199,307 48 189 212 206,413 49 755 44,973 212,493 50 CryptoNinjas+ Follow cryptoninjas.net About Blog - CryptoNinjas is a global news & information source that supplies economic and industry information on bitcoin, blockchain and the cryptocurrency market. Frequency - about 50 posts per week 40 672 270,078 51 Bitcoin Chaser+ Follow bitcoinchaser.com About Blog - Bitcoin Chaser is your FIRST source for Bitcoin casinos, reviews, cryptocurrency news and Bitcoin information. Get special offers and free coins exclusively on Bitcoin Chaser. Frequency - about 11 posts per week 7,876 1,025 276,551 52 162 370 297,051 53 Bitcoin PR Buzz+ Follow bitcoinprbuzz.com Bitcoin About Blog - Bitcoin PR Buzz's mission is to spread the word about revolutionary Bitcoin projects and businesses worldwide. Best Bitcoin Press Release Services, PR Agency & Writing Services for the Cryptocurrency & Fintech Industry, with over 500 clients & 4 years of experience. Frequency - about 7 posts per week 4,297 20,739 311,887 54 Abra Blog+ Follow goabra.com/blog About Blog - Abra is the first global, peer-to-peer, cash money transfer app. They use the Blockchain/Bitcoin technology for secure low cost transfers while protecting the value of deposits in U.S. Dollars. Frequency - about 1 post per month 1,167 2,364 367,927 55 415 66,768 389,379 56 A blog by Vinny Lingham + Follow vinnylingham.com Palo Alto, California About Blog - Minessence: To miniaturise and simplify complex ideas or technology into concrete and practical applications for the purpose of creatively impacting on the world-view of the user. Frequency - about 7 posts per week n/a 31,018 432,278 57 3,012 10,963 437,040 58 168 437 448,755 59 CoinIdol News+ Follow coinidol.com About Blog - CoinIdol News is an international crypto and currencies media outlet focusing on the latest news about Bitcoin and altcoins, Blockchain and distributed ledger technology solutions, FinTech and financial innovations on the world's market. Frequency - about 15 posts per week 727 893 482,375 60 Vaultoro Blog+ Follow blog.vaultoro.com London About Blog - Vaultoro is an internet platform where you can trade physical gold and bitcoin. Real-time, low fees, bank independent. Frequency - about 7 posts per week 628 3,469 601,623 61 40,342 3,348 603,403 62 73 335 604,457 63 Bitcoin Suisse AG+ Follow bitcoinsuisse.ch/blog 6340 Baar Schweiz About Blog - Bitcoin Suisse AG is a privately owned registered Swiss legal entity in the form of a shareholder company. Swiss Bitcoin and Digital Finance Broker, Financial Intermediary & Asset Manager. Operating a Bitcoin ATM network. 3,179 1,127 714,325 64 95 8,798 715,867 65 n/a 10,053 779,262 66 Max Bronstein's Blog+ Follow maxbronstein.com/blog Los Angeles, CA About Blog - Thoughts on Bitcoin, Crytpocurrencies, and Blockchain Technology. Max Bronstein is an aspiring entrepreneur, technologist, and recent UCLA Graduate. My strongest fascinations include: Bitcoin, Blockchain Technology, Distributed Computing, Cryptocurrencies, Monetary Policy and Investing. n/a 27 803,583 67 BitKonga+ Follow bitkonga.com/bitcoin-blog Nigeria About Blog - Buy and Sell Bitcoin in Nigeria made easy with Bitkonga. You can buy bitcoins with naira bank transfer and also with PayPal. Sell your bitcoins to us and you will receive funding almost instantly in your Nigerian bank account. 438 12 962,576 68 Bitcoin Lectures+ Follow youtube.com/channel/UC5nV.. About Blog - This Channel is made possible through the support of the Bitcoin Association Switzerland. Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube. Frequency - about 1 post per month n/a 33 2 69 n/a n/a 2 70 BuxLister Blog+ Follow buxlister.com/blog United States About Blog - BuxLister is a directory of top bux websites ranked by votes. BuxLister.com is a new voting system, money forum, link exchange and directory of top and most trusted bux websites ranked by votes. Frequency - about 175 posts per week 427 527 1,046,367 71 n/a n/a 1,079,962 72 Bitcoin XYZ+ Follow bitcoin.xyz Blockchain About Blog - Bitcoin XYZ blog about Everything Bitcoin & Blockchain. Whether you're just finding out about bitcoin & blockchain technology or are a seasoned veteran in the industry, Bitcoin XYZ is designed to be your portal to everything Bitcoin. With articles and the latest news posts, curated content from most of the major bitcoin industry providers, access to multiple bitcoin services, and other data. Frequency - about 25 posts per week 214,012 42,494 1,123,123 73 CoinFabrik Blog+ Follow blog.coinfabrik.com About Blog - CoinFabrik have more than 20 years of experience building and reviewing security applications, and have active in the cryptocurrency field. We have designed new bitcoin-related cryptocurrency protocols and discovered and reported various security vulnerabilities. 19 234 1,148,517 74 XBT.MONEY+ Follow xbt.money About Blog - Bitcoin News Aggregator - Bringing the latest Bitcoin News from the most popular XBT BTC news sites. Frequency - about 175 posts per week 8 6,775 1,404,676 75 n/a 2,393 1,749,346 76 7 310 1,841,204 77 492 542 1,985,967 78 Belfrics Blog+ Follow belfrics.com/blog About Blog - Belfrics is a global bitcoin trading platform & digital bitcoin wallet that lets you buy and sell bitcoins across the world. Frequency - about 3 posts per week 18,084 39 2,304,121 79 Bitedge Blog+ Follow bitedge.com/blog Mebourne About Blog - Bitedge is your insider's guide to bitcoin sports betting with all the resources you need to make it a fun & profitable part of your life! Frequency - about 1 post per week 161 505 2,620,104 80 251 438 2,663,151 81 Bitcoins Pakistan+ Follow bitcoinspakistan.com Karachi, Pakistan About Blog - Bitcoins Pakistan is a blog about Bitcoin - the global P2P currency. On this blog we focus on the technical aspects of Bitcoin including how it works under the hood. 1,646 21 2,806,420 82 2 3,240 2,923,677 83 n/a n/a 2,775,554 84 57 313 3,695,290 85 9 6,994 3,830,674 86 Coinsecure Blog+ Follow blog.coinsecure.com India About Blog - Coinsecure is the fastest Bitcoin exchange in India to buy and sell Bitcoin. Easy & quick trades with instant deposits/withdrawals of BTC/INR. Safe & Secure wallet. 19,700 7,848 4,274,697 87 BITRSS Bitcoin Worldwide News+ Follow bitrss.com About Blog - BITRSS Bitcoin World News: Search and discover the lates Bitcoin Stories in Categories. Follow the top cryptocurrency articles on the Web, submit free your BTC website Feed. Frequency - about 350 posts per week n/a 175 6,383,633 88 n/a 379 7,562,806 89 760 363 8,016,720 90 n/a 6 8,335,246 91 2 246 10,544,471 92 n/a 346 11,142,352 93 Blockchain Australia+ Follow bitcoin.asn.au Australia About Blog - Australia is at the forefront of the digital currency revolution. Bitcoin represents a unique opportunity - both technologically and economically - previously unavailable to the world. Frequency - about 1 post per month 514 7,055 11,210,837 94 17 773 13,725,095 95 BTC World News+ Follow btcworldnews.com Lake Mary, Florida About Blog - BTC World News features the latest headlines about Bitcoin. Discover a broad range of information on trending Bitcoin topics, government, politics and popular news from around the world. Frequency - about 70 posts per week 688 1,887 n/a 96 Devcoin Blog+ Follow devcoins.org About Blog - Devcoin is an ethically inspired cryptocurrency created in 2011 to support open source programmers and writers worldwide. They bring you news, prices, and more! Frequency - about 44 posts per week 51 176 n/a 97 n/a n/a n/a 98 43,285 16,173 52,290 99 CoinSpace Bitcoin Wallet Blog+ Follow coin.space/blog About Blog - Coin.Space Wallet is a free online bitcoin & litecoin wallet which you can use to make worldwide payments for free. They make paying with bitcoins easy and secure. Frequency - about 1 post per month 4,381 5,853 574,805 100 Cashila Blog+ Follow blog.cashila.com Jaselska 10, 602 00 Brno About Blog - Cashila is an early stage business, with the idea of making everyday bill payments simple, convenient and accessible for everyone and everywhere. We work hard and play fair to build an innovative and useful product that enables you to pay bills instantly and inexpensively with bitcoin. 427 655 758,073 101 Bitcoin Foundation+ Follow bitcoinfoundation.org About Blog - The Bitcoin Foundation co-ordinates the efforts of the members in the Bitcoin community, helping to create awareness of the benefits of Bitcoin, how to use it and its related technology requirements, for technologists, regulators, the media and everyone globally. l 11,456 80,412 872,270 102 369 256 1,292,225 103 n/a 4,330 5,612,208

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jacobhinkley · 6 years

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The Daily: Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos

In today’s edition of Bitcoin in Brief we cover stories about Shapeshift acquiring Bitfract, Bitmain investing in Tribeos, a dozen regulators from around the world setting up a global fintech sandbox and an ICO mogul reportedly buying a soccer team.

Also Read: Crypto Tax App Libra Raises $15M in Series B Funding

Shapeshift Acquires Bitfract

Shapeshift AG has announced the acquisition of Bitfract, an Austin, Texas-based software firm which recently developed a service that allows users to swap from one cryptocurrency to many in an instant. Following the sale, the tool will be maintained and continue to operate, and the functionality that the platform provides (multiple output transactions) will be incorporated into Shapeshift’s core platform in the near future.

“The Bitfract team made expert use of ShapeShift’s open API to build a product that we ourselves were planning to build,” said Erik Voorhees, Founder and CEO of Shapeshift. “This demonstrated a great alignment of strategy and thinking, and their execution was so exceptional that we wanted to bring their talented team and technology on board.” Willy Ogorzaly, Co-Founder and CEO of Bitfract, added: “When Erik asked if we wanted to join ShapeShift, the answer was immediately yes. We believe in a decentralized future where individuals freely control their digital wealth, and our team is honored to work alongside Erik and everyone at ShapeShift to make this a reality.”

Bitmain Invests in Tribeos

Bitmain Technologies Ltd., the Beijing-headquartered bitcoin mining hardware developer, made a $3 million seed investment in Tribeos – a digital advertising platform built on Bitcoin Cash (BCH). Funds are meant for building out the company’s core team and final development of the ads marketplace, scheduled to launch in 2019.

CEO Matt Gallant commented: “When industry leaders like Bitmain invest in a blockchain-based advertising platform like tribeOS, it signals a paradigm shift, not only in ad tech, but for the entire online advertising industry.” He added: “Every company doing online marketing has lost considerable amounts of money to scammers on digital advertising platforms. Fortunately, we now see a growing awareness about ad fraud. It’s about time. This has been an invisible crime for far too long. Platforms like ours will mean that the world’s value creators will no longer need to fight their way to sustainability, hoping to be one of the fortunate few who survive. tribeOS will end ad-fraud, allowing advertisers to find their audience quickly.”

Global Fintech Sandbox

A dozen financial regulators and related bodies have joined forces for the creation of a Global Financial Innovation Network (GFIN), based on the UK FCA’s proposal to create a ‘global sandbox’. The new network’s stated aim is to provide a more efficient way for firms to interact with regulators, helping them navigate between jurisdictions. It will also create a framework for co-operation between regulators on innovation-related topics. Current members include: Abu Dhabi Global Market (ADGM), Autorité des marchés financiers (AMF, Québec), Australian Securities & Investments Commission (ASIC), Central Bank of Bahrain (CBB), Bureau of Consumer Financial Protection (BCFP, USA), Dubai Financial Services Authority (DFSA), Financial Conduct Authority (FCA, UK), Guernsey Financial Services Commission (GFSC), Hong Kong Monetary Authority (HKMA), Monetary Authority of Singapore (MAS), Ontario Securities Commission (OSC), and the Consultative Group to Assist the Poor (CGAP).

ICO Mogul to Buy Soccer Team

According to newspaper reports from Israel, the serial entrepreneur and cryptocurrency advocate Moshe Hogeg has agreed to buy a local professional soccer team. Once the group’s debt issues are resolved, he will take over the Israeli Premier League member, Beitar Jerusalem Football Club, for 20 million shekels (about $5.4 million USD).

Hogeg is the man behind Sirin Labs, which raised $157.8 million in an initial coin offering (ICO) last year. The money was meant to be used to build an “ultra-secure” cold storage crypto wallet-phone which was promoted by soccer superstar Leo Messi. In June, he reportedly bought 5,000 square meters of private land to build himself a new house for about $19 million and paid 15% of that sum in crypto.

What do you think about today’s news tidbits? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

Verify and track bitcoin cash transactions on our BCH Block Explorer, the best of its kind anywhere in the world. Also, keep up with your holdings, BCH and other coins, on our market charts at Satoshi’s Pulse, another original and free service from Bitcoin.com.

The post The Daily: Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos appeared first on Bitcoin News.

The Daily: Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos published first on https://medium.com/@smartoptions

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bowsetter · 6 years

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The Daily: Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos

Also Read: Crypto Tax App Libra Raises $15M in Series B Funding

Shapeshift Acquires Bitfract

Bitmain Invests in Tribeos

Global Fintech Sandbox

ICO Mogul to Buy Soccer Team

What do you think about today’s news tidbits? Share your thoughts in the comments section below.

Images courtesy of Shutterstock.

The post The Daily: Shapeshift Acquires Bitfract, Bitmain Invests in Tribeos appeared first on Bitcoin News.

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kingmindint · 6 years

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Bitcoin Rallies Above $8,000, Takes Altcoin Market With It: Week in Review Apr. 16

In the past week, bitcoin investors finally experienced much-needed relief. The price of bitcoin rallied by over 15 percent to close the week above the $8,000 mark for the first time since March 28.

Despite Barclays Bank thinking that bitcoin has already reached its peak and Bank of America stating that the supposed bitcoin bubble is bursting, it seems that market sentiment is finally turning in the crypto asset market.

The reason for that could be that successful cryptocurrency investors, who have converted some of the digital asset investment income into fiat currency to cover their capital gains tax payments for the past tax year are now re-entering the market as U.S. tax day falls on Tuesday, April 17. Some investors may also be buying in anticipation of the end of tax season as some financial experts, such as Fundstrat’s Tom Lee, have suggested this could be a turnaround point for the market.

Altcoin investors also rejoiced this week as major altcoins gained up to 50 percent in value in the past week. Leading cryptocurrencies ether (ETH), ripple (XRP), and Cardano (ADA) gained around 30 percent while EOS (EOS) and IOTA (IOTA) outperformed, gaining 40 and 50 percent respectively week-on-week.

This week’s contributions have been provided by Cindy Huynh, Kieran Smith, Nuno Menezes, Priyeshu Garg, Ogwu Osaemezu Emmanuel, and Shaurya Malwa.

Experts from Barclays Bank Believe Bitcoin Has Reached its Peak

Expert strategists at Barclays say that a fear of missing out explicitly drove the December demand. Many investors went in because they were afraid of missing a great investment opportunity and this was probably one of the leading causes of the short-term price increase.

According to the Bank’s strategists, this was one of the main reasons pushing the value of bitcoin up, and now the race to buy the digital asset seems to have cooled down considerably. Barclay’s expressed its opinions in research presented on April 3, 2018.

“Combined with the results of our theoretical modeling, survey findings suggest that, unlike the peaks in bitcoin prices in 2011 and 2013, the most recent peak may have been the ultimate top and that speculative interest could decrease from here.”

This pause in speculative interest is leaving bitcoin holders oversupplied, overriding the supply-demand factor and thus dictating the bearish market sentiment.

Pantera Capital Management Recommends Buying Bitcoin

Pantera Capital Management, a cryptocurrency hedge fund with more than $800 million in assets, believes that bitcoin will not go under $6,500 in this seemingly slowing market. In a note to investors, the fund mentioned that the pioneer cryptocurrency’s prices would most likely exceed their previous high of $20,000 in late December 2017.

Since January 2018, bitcoin’s value has been slowly declining. Despite the following prices, however, Dan Morehead and Joey Krug, CEO and co-chief investment officer of Pantera Capital, announced to investors that “a wall of institutional money will drive the markets much higher.”

Although the cryptocurrency markets have been historically volatile, the hedge fund recommends others to buy soon as the 200-day moving average shows positive signs.

“For those who are new to Pantera who might think a fund manager like Pantera would always be saying ‘Today’s a great day to get long.’ I rarely have such strong conviction on timing,” said Morehead and Krug.

Agency Declares Cryptocurrencies as ‘Halal,’ Permits Muslims to Invest in Bitcoin and Cryptos

Amongst the neverending chaos surrounding it, one question that stands out is bitcoin’s compliance with the religious ‘Shariah’ law. To answer that, Blossom Finance, a microfinance firm based in Indonesia, published a detailed 22-page paper this week which inferred “Bitcoin qualifies as Islamic money, except where it is banned by a local government.”

Since bitcoin has gained momentum worldwide, Muslims have wondered if cryptocurrencies are compatible with Shariah-compliant finance. The Islamic religion has a strict set of governing laws, and Islamic banks are very particular about the rules that apply to the sharing of profit, bearing of loss, leasing, safekeeping and more. Stock markets and speculative assets are “frowned” upon in the Islamic traditions. Thus, bitcoin and cryptocurrencies have been meandering in the battlefield of compliance within the Islamic law for years.

Recently, a Muslim cleric initiated the debate that Bitcoin was, in fact, compatible with Islamic financial laws. Contrastingly, other clerics refrained from agreeing with him, and one Egyptian Islamic cleric went to the extent of issuing a religious edict against bitcoin.

Samsung Reportedly Developing ASIC Chips for Halong’s Bitcoin Miners

Bitmain, the world’s biggest ASIC crypto mining hardware manufacturer, might be in for some serious competition in the shape of Halong Mining if the tweet from an online mining rig retailer is to be believed. MyRig, an online mining rig retailer tweeted a photo of a thin slice of semiconductor material called a wafer.

According to MyRig, the 10-nanometer wafer is being produced by Samsung to fabricate Application-Specific Integrated Circuits (ASICs) for Halong Mining. In January 2018, MyRig and Halong signed a collaborative partnership.

In February 2018, BTCManager reported that Samsung was developing bitcoin mining hardware. The only real nuggets of information released at the time were that the mining company was based in China and that Samsung was getting ready to scale up its production to meet the potential market demand once the product was released into the market.

If the story from MyRig is to be believed, then Halong Mining is the mysterious mining company that is in partnership with Samsung. With the technical backing of Samsung, it is probably not beyond the realms of possibility to think that Halong might be able to challenge the market dominance of Bitmain.

The world leading ASIC manufacturer, Bitmain, currently controls 70 percent of the market for bitcoin mining rigs. The company has also taken steps to establish its dominance on other blockchains that have proven difficult for ASIC mining in the past.

Karma: Jamie Dimon’s JPMorgan Sued for Illegal Charges on Bitcoin Transactions

On February 3, 2018, customers of JPMorgan chase along with some other banks were informed about the ban on cryptocurrency purchases with credit cards. However, they could still buy bitcoin and other cryptocurrencies via cash advances and other payment channels.

Under normal circumstances, customers are charged higher fees when they purchase bitcoin using cash advances compared to when they transact utilizing credit cards.

Meanwhile, Brady Tucker a ‘bitcoiner’ who regularly purchases bitcoin with his credit card at Chase claims he was slapped with hefty charges of over 30 percent a year on his purchases from January 27 to February 2, 2018, without any prior notice from JPMorgan Chase. The case is Brady Tucker v. Chase Bank USA NA, 18-cv-3155, U.S. District Court, Southern District of New York (Manhattan.)

According to reports, Tucker filed a lawsuit on April 10, 20,18 claiming he was charged $143.30 in fees and $20.61 in “surprise interest charges” by the bank for five virtual currency transactions he made before Chase banned crypto purchases with credit cards.

After Launching Massive ICO, Telegram Is Now Banned in Russia

Just weeks after launching one of the most successful ICOs ever, Telegram is to be banned in Russia. The ruling came after the company refused to yield encryption keys to the Russian authorities and Moscow has now ordered telecommunications companies to block the app.

Russia’s Federal Security Service (FSB) said they need the keys to monitor the messages of potential terrorists, and had given Telegram a deadline of April 4, 2018, to hand them over.

The company, however, claimed that the way the app is built means it is not possible to provide the encryption keys that would grant access to user messages. The platform is critical to many communities in the cryptocurrency space and is also one of the most popular encrypted messaging services available in Russia.

Telegram is not the only private messaging service available in the country, but it is one of the most widely used. The service is particularly popular with Russian politicians and Kremlin officials but is also known to have been used by the Islamic State and its supporters.

On that last note, the company has stated that efforts have been made to close down channels supporting the radical Islamist organizations.

Part of the appeal of Telegram is that markets itself as a secure messaging app. It claims to allow groups of up to 5,000 people to share messages, documents, videos, and pictures freely and with complete privacy.

The post Bitcoin Rallies Above $8,000, Takes Altcoin Market With It: Week in Review Apr. 16 appeared first on BTCMANAGER.

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glennherington6-blog · 6 years

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What is Bitcoin Mining?

The one place the place CPU based mostly mining becomes possible is for criminals who have botnets that mine Bitcoins on all infected computer systems and based on a current report, India ranks 4th in the number of PCs having malware mining Bitcoins. There are different generations of ASICs that can do extra in less time as they develop into more recent. Scarcity arguably creates demand, which in turns makes the coins extra valuable. Mining can also be the mechanism buy bitcoin miners video to introduce Bitcoins into the system: Miners are paid any transaction fees source well as a "subsidy" of newly created coins. Buying and selling cryptonote coins into bitcoin is incredibly easy, my choice is Poloniex. A Bitcoin wallet is a "digital wallet" (the identical as in the event you had a checking account) the place you possibly can receive, keep and send the bitcoins you mine. Pastime Bitcoin mining can still be enjoyable and even profitable when you've got low cost electricity, an efficient bitcoin mining machine and get the best Bitcoin mining hardware.

$7.2 billion USD (£5.Four billion), which even on the dearer estimates listed above, means it’s still very worthwhile. The chain that's extra useful will have more transactions, and so present miners with probably the most profit. When you attempt to chain it, it would battle back. The Bitcoin coordinate inverse of recognition yearly is open, that affiliation some individual will perceive regarding unquestionably the inverse of a chosen billfold. Bitcoin mining is profitable solely when the process is electricity environment friendly. Because of its manufacturing means of 16nm and high hashrate we estimate that they are going to be at the highest of our list for a great time. This simple Bitcoin mining calculator will permit you to find out how a lot you possibly can revenue from a certain Bitcoin miner. Individuals who scam with bitcoin wallet normally will tell you their bitcoin Wallet is the safest and most safe manner to maintain and transact your bitcoin. Several marketplaces, referred to as "bitcoin exchanges," enable folks to buy or sell bitcoins using different currencies--that is actual cash from about any country. Its creator was an nameless group of brilliant mathematicians (utilizing the pseudonym Satoski Nakamoto) who designed it in 2008 to be "digital gold" and launched the first Bitcoin software program in early 2009 in the course of the peak of the USA financial disaster.

It's possible you'll wish to have a power financial institution with you so in case your cell shutdowns immediately, then you may have an emergency energy provide utilizing that power financial institution. If they don't add up a miner can reject the transaction. The first transaction recorded in that next block is a transaction that awards newly minted bitcoins to the profitable miner who completed the previous block. China mines the most bitcoins and due to this fact ends up "exporting" the most bitcoins. The 16NM fabrication methodology used in manufacturing Ant Miner S9 is taken into account a primary benefit in comparison with the 28MN design of other mining hardware. It is specifically a Bitcoin consumer, but it surely additionally helps another currencies since it's a multi - foreign money miner. It’s not recognized which currency precisely. Computer systems margin:0px ! You may need to assemble the machine and install the OS and mining software yourself, so it is best bitcoin miner site to solely go down this route if you are tech-savvy and familiar with computers. Bitcoin is peer-to-peer payment system that launched as open source software.

How to mine BitCoin? The first phase was the Bitcoin Money exhausting fork. FOR Windows 10 about zero.002 bitcoin a day appeared first on BitcoinVideosPro. Bitcoin has grown a password. If the hash algorithm you calculate produces the suitable digests, you obtain bitcoin. The best way bitcoin deals function is very basic, everyone has a bitcoin wallet that they utilize to send and obtain funds. What do you concentrate on the way forward for bitcoin mining? Again, I think the evidence right here is pretty unfastened; still, Jed McCaleb is an fascinating candidate. This wallet now holds your personal keys. Enter your Monero wallet address within the "enter cost deal with" box at the underside of the dashboard web page, then click "monitor live stats". Enter an engineering workforce from Samsung known as the C-Lab, function of which is to find inventive solutions or initiatives. There are often misconceptions about thefts and security breaches that happened on numerous exchanges and companies. There have been a number of points involving Jupiter and Neptune, which resulted in a transfer up from June 21st. Jupiter and Neptune are the co-rulers of Crude and NatGas.

You probably have a slower CPU/GPU machine, it could be something you can get an affordable yield out of. Receivers do care concerning the script circumstances and, if they want, they can ask spenders to use a selected pubkey script. Apart from that the lack of knowledge on the owners will be suspicious for future shoppers. Nonetheless, that isn't all there's to them. The federal government is reportedly concerned about pollution and the havoc that could be triggered by buyers who lose cash investing in mining and cryptocurrency. Some abandoned claims and mining rigs solely to find that they left too soon. The positioning The money Venture has put together a collection of fascinating footage describing the market cap of the world’s cash and markets. Proof BCH goes up. I also consider that Bitcoincash goes to grow quite bit in the coming months. The "Block difficulty" is how difficult the math equation is to solve.

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bitcoinminershasrate · 3 years

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Ethermine Review: 2021 Interface| Setting Up And Connecting Farms

Earning cryptocurrencies Ethereum and Ethereum classic is possible only in mining pools. Given the high complexity of mining, lone miners, and even small mining communities, are doomed to painfully long time to decrypt a block, which significantly reduces the profitability of mining. Another thing is powerful pools, which employ tens or even hundreds of thousands of specialists. They crack Ethereum blocks like nuts, 60-70 per hour, and each miner receives a reward depending on the contribution to the common cauldron. The largest Ethereum / Ethereum Classic mountain pool is the Ethermine pool . The resource was created back in 2016 in the USA and still holds the palm in the ranking of the most popular Ethash pools, thanks to a low commission and an adequate payment system. Ethermine interface and pool registration Official site - https://ethermine.org The Ethermine pool does not support the Russian interface, this is the only drawback of its interface. However, everything is intuitively clear anyway, and without a minimum knowledge of the English language, mining will be difficult. Main coins available for mining Welcome to Ethermine High Performance Ethereum Mining Pool. Payments are instant and you will receive ETH as soon as you reach the set payment threshold. This is the translation of the phrase on the title page of the site for Ethereum miners. Below it is a summary of the status of the pool and its benefits. Let's list in order. - Anonymous mining, that is, registration on the pool is not required. - Servers in the US, EU and Asia. - PPLNS payment scheme in real time. - Accurate reporting on hash rate. - Full payment of mining rewards (blocks and fees). - Instant transfer of earned assets. - Configurable minimum payment threshold. - Professional support - Full stratum support. - Efficient mining mechanism, low percentage of orphan blocks. - Detailed global statistics and statistics for each miner. - Email notification system, warnings of invalid promotions - Low commission (1%) - Third party apps for iOS, Android and Telegram The ETC Ethermine service is an exact copy of the ETH Ethermine pool.Important!!! Help for those who do not know what an Orphan's Block or Orphan is. An orphan does not appear due to a mistake or malicious intent of hackers. Users often use the terms “Stale” and “Orphan's Block,” referring to an orphan as a block rejected by the main chain. "Stale" happens mainly because, earlier, his twin brother, decrypted by another miner, was already enrolled in the blockchain. Such a block is called abandoned. Hackers sometimes try to create double blocks in order to destroy the cryptocurrency network. An orphan appears at the deactivated end of the blockchain. The checking nodes assumed it was the best block, but then switched to a different chain. Orphan blocks have been checked, but they are simply not active. Main coins available for mining In addition to ETH and ETC , the Ethermine pool supports the mining of the Zcash cryptocurrency . This unit has its own name zcash .flypool.org , we talked about it in a separate article. More recently, two more digital coins have been added: Beam and Ravencoin . How to set up hardware on Ethermine To work on Ethermine, rigs are suitable for both AMD and Nvidia cards. Overclocking parameters depend on both the GPU device model and the mined coin, as well as the manufacturer of the video memory chips installed on your cards. Different batches of video cards of the same model can have video memory from Samsung, Hynix, Micron or Elpida. When adjusting overclocking settings, you need to know the manufacturer of the video memory installed on each of the cards in your rig, especially if you have a GTX 1660S . Therefore, it is extremely difficult to give general recommendations for setting up equipment. It's easier to recommend mining software. To work on Ethermine, it is recommended to use crypto-mining utilities: - Phoenix Miner ; - Teamredminer ; - T-Rex ; - Lolminer; - NBminer. If you are going to mine Ether or Ether classic, use the Phoenix miner, this is a universal solution for any model of video card. The choice of utilities for Beam and RVN depends on the manufacturer of the video cards. Beam on red cards is mined with Lolminer, and RVN with Teamredminer. For mining on Nvidia graphics chips, you can use NBminer. On Ezermine, this program will come in handy in green on any coin, however, some miners prefer the T-Rex miner. It can be used to mine ETH / ETC / RVN on Nvidia cards. However, the last coin, as well as Beam, is of no interest to the green ones in the current market situation. Setting and batch file for mining ETC If you have built a farm on video cards of the GTX 1660Super level and higher, then Ether is the most profitable coin. True, if you believe the online mining profitability calculator Whattomine , then Ravencoin is more profitable for the RTX 2080, but miners rarely buy these video cards, preferring either the more budgetary GTX1660S, or the much more efficient 30-series cards. As for AMD graphics processors, their choice of a coin depends on the amount of built-in video memory. If you have RX 5600/5700 / 6700XT cards, then you need to mine Ether, and for the outdated RX 570/580 models with 4 GB of video memory, all other coins of the Ethermine pool are suitable. As of 07/02/2021, the most profitable cryptocurrency for mining on AMD 4-gig cards is ETC. But if RBN slightly increases in price, then ETC will become more profitable. In addition, ETC mining equipment heats up less than KawPow, which is very important when summer is in full swing, especially for miners from southern regions. Now let's talk in more detail about the settings of the executive file for each of the cryptocurrencies offered on this pool. Setting and batch file for mining ETH On the Ethermine service, the miner settings are very simple, you must specify in the batch file: - Program launch code. - Selected server and connection port, e.g. eu1.ethermine.org:4444 - Payment wallet address. It is recommended to leave the password value empty (Leave empty), but if you write -epasw x, the miner will still connect to the pool. An example of a Phoenix Miner batch file : PhoenixMiner.exe -pool eu1.ethermine.org:4444 -pool2 us1.ethermine.org:4444 -wal YourEthWalletAddress.WorkerName -proto 3 -tstop 85 Instead of ADRESS WALLET, write the billing address of your wallet, save the file with the bat extension, name it so as not to be confused and run it in the miner's folder. If the specified server fails, the miner will automatically switch to pool2. The -proto 3 parameter helps determine the type of protocol, and -tstop 85 will protect your cards from overheating. It can be set for each card separately, and then, if one or all of the fans fail on one of them, it will be removed from mining before the graphics chip falls off from overheating. Although, of course, cards in mining can get very hot for various reasons and each specific case should be considered separately.https://www.youtube.com/embed/Cu3lE7i54O4?wmode=transparent&rel=0&feature=oembed In PhoenixMiner, you can also set acceleration, target temperature, rotation speed of the propeller blades of the cooling system and other operating parameters. You can read more about the settings of the Phoenix crypto mining utility and other programs in the thematic reviews on our website. Setting and batch file for mining ETC This blockchain project experienced a 51% success rate in November 2020. To prevent the repetition of these sad events, the developers carried out a hard fork with a change in the algorithm. The coin switched from regular Ethash to the modernized Etchash protocol. All new versions of Ethereum miners work with it, you only need to specify a coin (etc) or protocol (ETCHASH) depending on the settings of a particular mining utility. The batch file for ETC Ethermine miner settings looks like this @echo off lolMiner.exe --algo ETCHASH --pool eu1-etc.ethermine.org:4444 --user Your ETC wallet address pause Setting and batch file for RVN mining ETH / ETC cryptocurrencies are mined on ethermine.org, all others on flypool.org, but this is the same pool. The executable file for RVN mining will look like this: teamredminer.exe -a kawpow -o stratum + tcp: // stratum-ravencoin.flypool.org:3333 -u Wallet address.Farm name -px Setting and batch file for mining Beam It is more profitable to get the Beam coin on red cards using Lolminer. Bat file example: @echo off lolMiner --coin BEAM --pool eu1-beam.flypool.org --port 3333 --user Wallet address. Farm name --tls 0 pause When drawing up a batch file, you must not miss a single detail, the absence of a dash or dot will immediately cause a failure. To see where the mistake was made, write at the end of pause. If the executable file is correctly compiled, the miner will start, otherwise the process will freeze and the reason for the failure will be indicated in the terminal. Setting and batch file for mining ZEC This coin is only mined by ASIC miners, Innosilicon A9 ++ ZMaster and Antminer Z9 . IC devices are configured through the miner control panel and usually run at factory overclocked settings. But, for Antminer Z9, a custom firmware has been created to increase mining productivity. The download link can be taken directly from the pool, page https://zcash.flypool.org/start . Payment of remuneration and commission After mining is launched, it is necessary to control the mining process. Your personal statistics will start to be displayed after about 8-10 sent shares. To see it, enter the wallet number specified in the Ethermine miner settings in the “ Address ” field in the upper right corner, and click on the “ Search ” icon . A window with your page will appear on the display, in which it will be displayed: - The miner's hashrate at the moment, as well as the average speed for the past hour and for the day. If you have just started mining the hourly and daily hash rates will be much less than the actual one, do not panic over time, the statistics will level out. - Balance. - The number of active farms. - The number of balloons sent. Payment of remuneration and commission On the Payouts page , you will see the calculation of the estimated payout. The system performs it on the basis of indicators, hourly and daily hash rates, so in the first minutes the amount will be very small. Wait until the speed for 24 hours equals the current one, and then you will see the real numbers. A preliminary calculation of profitability can be done on the WhatToMine online service. Withdraw funds Withdraw funds ETC By default, the minimum payout for ethermine org is 0.1 ETH and 0.01 ETC, which is a perfectly acceptable figure. To change the size of the automatic payment, you need to go to the “ Setting ” page in the personal statistics of the miner and select the Payment Method section . minimum payout for ethermine org is 0.1 ETH and 0.01 ETC Next select Change Threshold and make changes: - Withdrawal amount in the range from minimum to maximum. - The farm's IP address. The IP can be found on one of the online services. If you are using multiple IPs, write the one from which your rig was launched. The last 3 digits of the IP that you will enter must match the digits previously specified by the pool in the lower settings field. Click " Update Threshold " and if everything is done correctly, a green line will appear with a message that the changes have been accepted. Ethermine pool will transfer money to you automatically as soon as you reach the required amount. But even if you cannot accumulate the minimum wage in a week, the pool will pay you the amount that you have already earned. All transaction fees associated with payments on the service are paid by the pool, regardless of the amount of payments. Ethermine pool will transfer money to you automatically Reviews On the mining forums and social networks, you will see a lot of reviews about the Ethermine pool. Sometimes they complain that Ethermine is not working, you need to switch to another server or contact support. However, if, due to server failures, statistics are lost, the Ethermine pool recalculates earnings, crediting the miners with the missed hours. Throughout its history, the service has not given serious grounds for fraud charges. And the number of miners speaks for itself. If you need a reliable Ethereum / Ethereum Classic pool head over to ethermine.org. Happy mining! Read the full article

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