In a significant stride towards sustainability, Bitcoin mining has witnessed a remarkable transformation. A recent study from the University of Cambridge reveals that the energy efficiency of Bitcoin mining has soared to be "20 times greater" than figures from 2015. But what does "energy efficiency" mean in this context? Simply put, it's the ability to achieve the same output using less electricity. When applied to the realm of mining, there have been notable advancements in devices operating on the Proof of Work (PoW) algorithm. These devices can now mine more Bitcoins while consuming equal or even lesser energy. In his presentation at the World Digital Mining Summit 2023, Alexander Neumüller, an esteemed researcher at the Center for Alternative Finance (CCAF), attributes this efficiency leap to technological innovations in the mining sector. These advancements have not only reduced electricity consumption but also bolstered the processing power of the Bitcoin network. Highlighting the magnitude of this progress, Neumüller emphasized an astounding "20-fold increase" in Bitcoin mining's energy efficiency over the past eight years. Historically, Bitcoin mining has been criticized for its hefty energy consumption, which many environmentalists claim leads to increased pollution. However, with the dual approach of enhancing energy efficiency and integrating renewable energy sources, the cryptocurrency industry is making strides towards a greener future.
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Countless analysts say the next bull run will be the biggest in crypto history, and if you aren't running a bot when it hits, you will regret it. Sock traders have it easy. Prices literally freeze every night of the week so traders can spend their evenings not working, plus weekends. The day I decided to seriously look into crypto trading bots was in the middle of the first big bull run since I entered crypto, back in early 2017. For a couple weeks Bitcoin and some of the top altcoins would run up, dip a bit, then quickly recover and often to a new high. I had slept for 2-3 hours a day for about a week as I tried to buy as many of those dips as I could. Professional Strategies Even Newbies Can Implement... Crypto trading requires a certain degree of knowledge and understanding about market trends, price fluctuations, and investment strategies. However, with a crypto trading bot like Cryptohopper, there's no need to be a pro. Cryptohopper has a built-in marketplace where you can copy strategies from professional traders. By subscribing to these trading signals, you can direct your bot to execute trades based on specific triggers, such as when to buy or sell. This feature allows even beginners to leverage professional insights and strategies, effectively bridging the knowledge gap. In a bull market, when prices are generally on the rise, using strategies from experienced traders can help maximize gains. It allows you to capitalize on market movements effectively and efficiently, without having to constantly monitor trends and make quick decisions yourself. World’s Most Customizable Bot: Make It Fit Your Trading Style... One of the standout features of Cryptohopper is its customizability. It's heralded as the world’s "most customizable" trading bot, allowing users to tailor their bots according to their trading or investment style. Whether you're a day trader looking for quick profits through multiple daily trades, a swing trader waiting for the right moment to enter and exit the market, or a long-term investor focused on gradual growth over time, Cryptohopper can be configured to meet your specific needs, which is why many consider it the best crypto trading bot currently available. This adaptability is invaluable in a bull market, where the right strategy can lead to significant returns.
This article contains links that pay us a commission when someone signs up, however, the author genuinely uses this product.
In this current economic slowdown, workers are accepting low-quality jobs with unspecified duty hours and at low pay rates. While challenging economic conditions are pushing people into informal employment, declining job creation has stagnant employment opportunities. Slow economic growth combined with high unemployment and elevated inflation compelled people to look for ways to earn extra money online. In the area of cryptocurrency, cloud mining motivated many to earn a steady income online from their homes. Cloud mining seems a promising avenue for individuals who want to improve their financial conditions. Anyone can create an extra income source by investing modestly and using an internet connection. Because the market is filled with several cloud mining platforms, not everyone will offer the desired accessibility and reliability. One platform that stands out from the rest is TopHash. If you want easy access alongside an improved experience, continue reading the post for more valuable insights. TopHash is an advanced cloud mining platform and a leading hash rate provider that is increasingly becoming popular. TopHash is more than an ordinary provider of cloud mining. It offers cutting-edge technology along with diversified product packages, making it stand out from the rest. Behind the success of TopHash cloud mining lies the expertise of professionals. They have profound experience in Bitcoin mining, blockchain technology, data security, etc. TopHash is an intuitive cloud mining platform designed to enable users to make passive income even with small investments. Besides, TopHash is committed to improving its services while making significant changes that will revolutionize the cryptocurrency cloud mining industry. Furthermore, this cloud mining platform is secure and users don't have to think about safety measures. They can earn extra money while investing what they can afford. TopHash aims to provide its users with the ultimate environment that guarantees a seamless experience in every aspect. That way, users can have the best experience when investing in crypto assets. The best part is, that users don't have to buy expensive hardware or require technical knowledge. All it takes is a few clicks to get started with cryptocurrency mining. If you have been looking for a reliable cloud mining service that helps you earn extra cash, TopHash is your best bet. It is a trusted service provider that offers the best cloud mining solutions you can find elsewhere. Users expect many things from a reliable cloud mining provider and TopHash is not an exception. So, keeping in mind the expectations of its users, TopHash offers them numerous benefits with crypto cloud mining. Below listed are a few popular ones that you should know. 1. Perfect Solution for Beginners Cloud mining might seem a complex thing for many people. But TopHash has made things easy for most people, especially those who have ventured out more recently. Their unique program on cloud mining includes packages where users don't have to spend a fortune. The Company's mining program uses the latest software and hardware to get the best outcome from cloud mining. That way, TopHash doesn't have to purchase them for their needs. So, you don't need to spend money buying space for certain items or bear the electricity costs. People are more concerned about the start-up costs because of the sluggish economic condition and unemployment. They need something that helps generate a decent income with minimal investment. 2. You Don't Need Technical Experience Gone are those days when you should know how to operate mining equipment. TopHash is dedicated to providing the best user experience, unlike other cloud mining services. Most programs from TopHash rely on cloud-based technologies. Moreover, the experts ensure they are up and running 24/7. As such, you can focus on crypto mining while leaving the headache to TopHash. Their systems are always online. 3. You Can Mine Different Types of Cryptocurrencies Through TopHash's cloud-based platform, you can mine Ethereum, Bitcoin, Litecoin, and many more. You don't have to sign up for different platforms to take part in several cryptocurrencies. You can access your favorite crypto on their secure platform. TopHash Cloud Mining Plans Here are the affordable plans offered by TopHash for everyone. Enjoy the perks of crypto cloud mining and the best services from TopHash.
Earn More Money with TopHash's Affiliate Program Earn more money on TopHash through their affiliate program. Whenever someone uses your referral to sign up and make purchases, you will earn 4.5% as a commission. Make sure to join the affiliate program on TopHash's official website. After receiving the referral link, share it with people you know. Withdraw commissions without any investment. Earn Extra Cash with TopHash Today: Do you want to start earning extra money? Get started with TopHash today and grow your crypto portfolio. Take a look at the affordable plans offered by TopHash. Register your account with TopHash now. FAQs 1. Is TopHash Safe? TopHash has certified professionals who have expertise in several areas from cryptocurrency security to blockchain technology. Their systems use EV SSL Encryption that prevents data theft. The servers are safe against DDoS threats. 2. Do I Need to Invest to Earn? If you want to earn extra cash without investing money, join their affiliate program. The earnings will be limitless because you will make extra cash on others' purchases. 3. What is the minimum deposit and withdrawal amount? $50 is the minimum amount set for both deposits and withdrawals. In short, cloud mining is a good way to earn extra cash at home. For more details, click here: https://tophash.net Crypto Will Be a "Hot Topic" in 2024 Elections According to Coinbase CEO Brian Armstrong...9/11/2023 Coinbase CEO Brian Armstrong explains why crypto will be a hot topic in the 2024 elections. Video courtesy of Yahoo Finance In a shocking turn of events, Vitalik Buterin's official Twitter account was compromised by hackers on Saturday, September 9, 2023. The breach led to a loss of nearly $700,000 in cryptocurrencies, highlighting the vulnerabilities even high-profile figures face in the digital realm. The Deceptive Tweet The hackers, with just a single tweet, managed to deceive a significant number of Buterin's followers. The tweet announced a purported free NFT giveaway from Consensys, a renowned blockchain technology company. This was supposedly in celebration of the release of proto-darksharding, a much-anticipated update to the Ethereum protocol. The update, as claimed, would reduce the costs associated with Ethereum sidechains, commonly referred to as rollups. The 'Drainer' Exploit Many followers, seeing the tweet from the official account of Ethereum's creator, were lured into a trap. The link provided in the tweet redirected users to a malicious website designed to exploit their trust. High-Value NFTs Stolen In addition to the stolen cryptocurrencies, the hackers made away with two high-value 'Crypto Punks' NFTs. These digital collectibles have gained immense popularity and value in recent years. Unanswered Questions The method employed by the hackers to gain access to Buterin's Twitter account remains a mystery. As of now, there are no details available on how the breach occurred.
Coinbase, one of the world's most prominent cryptocurrency exchanges, has recently unveiled its new lending service, specifically designed for U.S institutional clients. This move signifies a strategic expansion of Coinbase's offerings, aiming to cater to the growing demand for crypto-backed financial services. Here's an in-depth look at what this new service entails and its potential implications for the crypto industry.
While specific details about the lending service's features are yet to be fully disclosed, it's expected that the service will allow institutional clients to borrow against their crypto holdings, with rates varying based on the type and amount of cryptocurrency used as collateral.
Smart Timing...
The decision to launch their lending service comes in the backdrop of the bankruptcies BlockFi and Genesis within the past year, these would have been their main competition.
Coinbase can enter the market leveraging their established reputation and infrastructure, as most people feel Coinbase would not repeat the mistakes of previous failed lenders.
Traditional financial markets offer a myriad of lending and borrowing options, the crypto market has been playing catch-up. Coinbase has a chance to now fill this significant gap in the crypto market, which will attract institutional investors that may have been waiting for these options to become available.
Financial Backing...
According to a filing with the U.S Securities and Exchange Commission (SEC), Coinbase has successfully raised $57 million for this new venture as of September 1st. While this isn't a massive amount, it's enough to allow Coinbase to prove their potential and gain confidence in their lending model, if successful, access to more capital will come easily.
Potential Challenges
Coinbase's foray into lending is not without challenges. The company is currently embroiled in a legal battle with the SEC, which has accused it of operating as an unregistered Securities Exchange broker and clearing agency. This lawsuit, initiated in June, could have implications for Coinbase's lending service, especially concerning regulatory compliance and the classification of crypto assets.
Wider Implications:
Coinbase's lending service could benefit the market as a whole, as increased liquidity and making it easier for institutional clients to leverage their assets is bound to attract new investors, and entice current investors to increase their holdings.
The one question worth considering - Coinbase isn't the only exchange that offers services beyond trading, many now seem to be aiming to become a "1 stop shop" offering every service that has a demand for it.
I'm honestly undecided on if this is a good or bad thing. Under responsible leadership there are some clear advantages of a high-volume exchange offering services they can support with their existing resources.
But it's an unpredictable world, even more so when it comes to crypto and tech - which is why I can't help but feel a bit nervous when I see a single company offering a dozen services, in an industry where companies offering a single service can suddenly find themselves struggling to stay alive. Companies with multiple revenue streams also run a risk of draining resources from healthier portions of the business in order to fill the losses of failed ventures.
However, this isn't a major concern in this specific scenario, as Coinbase has proven themselves a company evaluates long term results and avoids overly risky behavior, which stands out in the crypto world.
------- Author: Jules Laurent Euro Newsroom | Breaking Crypto News In the world of cryptocurrency, Cardano stands as a unique venture with far-reaching implications beyond profit. This blockchain-based platform, backed by meticulous academic research, has cultivated a robust community that has grown over time. Cardano has suffered increasing volatility in recent months as ADA investors sought for signals of the rollout of its delayed Vasil upgrade, making a Cardano price projection for the cryptocurrency more challenging than it may have otherwise been, especially in light of a market rebound in early 2023. If you’re an investor or trader looking for price predictions for the upcoming years, you’re at the right place. Remember that this is not financial advice and the prices of Cardano can quickly change to unprecedented levels, so take all crypto advice with a grain of salt. Cardano (ADA): The Basics Cardano, often dubbed as the third-generation blockchain, embodies a decentralized proof-of-stake (PoS) network. At its heart lies ADA, the cryptocurrency of Cardano, paying homage to Augusta Ada King, Countess of Lovelace—a pioneering figure in the realm of computing. This digital currency is an integral part of Cardano's PoS consensus mechanism, rewarding participants in the form of ADA for their contributions to the blockchain. What Is the Process of Cardano Staking Pools? Central to Cardano's architecture is the Proof-of-Stake (PoS) consensus algorithm, a departure from the energy-intensive PoW approach. PoS introduces the concept of staking, where individuals commit their coins to become validators, ensuring the network's integrity. This process unfolds through stake pool operators and owners. Stake pools, akin to trusted nodes, validate transactions, while individuals can either establish their own pools or participate in existing ones. The symbiotic relationship between stake pool owners and operators underscores the intricate dance of responsibility and contribution. 2023 Price Prediction for Cardano With 2023 ushering in a market resurgence, ADA has experienced heightened volatility. This phenomenon can be attributed to the anticipation surrounding the delayed Vasil upgrade. However, within this narrative, three pivotal factors demand attention in predicting Cardano's price trajectory. Market dynamics: The third quarter of 2023 holds immense significance. ADA's ability to maintain its current support level in the midst of market shifts will offer insights into its resilience. A market downturn, coupled with the SEC designating ADA as a security, has generated apprehension. The lingering SEC v. Ripple case, laden with uncertainty, could potentially dissuade new investors. Interest rate impact: The resurgence of interest rate hikes can cast shadows on ADA's price outlook. As interest rates rise, consumer spending contracts, subsequently impacting financial markets. The correlation between interest rate hikes and ADA's value underscores the nuanced interplay between market dynamics and economic forces. Global acceptance: While challenges within the US regulatory landscape persist, global acceptance of cryptocurrencies continues to burgeon. Nations like the United Arab Emirates, the UK, and Hong Kong are embracing cryptocurrencies. Cardano's potential integration of "RealFi," aimed at bringing decentralized finance to the tangible world, presents opportunities for broader adoption and price growth. 2024 ADA Price Prediction The legal battle between XRP and the SEC showcases that coins can appreciate even amidst regulatory turmoil. However, the outcome of ongoing SEC battles holds sway over the entire Crypto sphere. Amidst global debates on decentralization, the resilience of ADA is poised to be tested. Optimism prevails as the world embraces crypto, yet the US regulatory stance looms as a potential damper. A forecasted ADA cost of $0.95 by 2024 is underscored by potential highs of $1.55 and lows of $0.35; a spectrum of possibilities underlined by regulatory shifts and market sentiment. 2025 Price Prediction for Cardano By 2025, the Cardano ecosystem might be flourishing. Cardano has so far drawn criticism for having fewer dApps and TVL than Ethereum and for having a network that has developed significantly more slowly. Cardano is less interoperable than Ethereum by design, which has stifled its development thus far. Longer term, however, this might be advantageous for users because Cardano is built to be decentralized, scalable, and safe. The development of "RealFi" is Cardano's stated goal, according to research firm Input Output Hong Kong. Since many of the individuals who may most benefit from DeFi are now unable to access it, the term "RealFi" refers to bringing DeFi to the actual world. With Cardano, value transfers across borders will be seamless and inexpensive. The 2025 ADA price will probably reflect the success of the deployment. As a result, at the end of 2025, our ADA price prediction pegs the price at $2.80. Depending on how the ecosystem develops and how the recent SEC claims turn out, people also anticipate potential highs of $3.50 and lows of $2.10 in 2025. -------------- Information Submitted via Guest Author Inside the Binance US / MoonPay Strategic Partnership to Navigate Regulatory Uncertainty...8/29/2023 In a significant move aimed at overcoming regulatory hurdles and enhancing customer experience, Binance US has entered into a strategic partnership with MoonPay, a crypto payment infrastructure provider. This collaboration comes at a time when Binance US has been grappling with challenges related to customer payments in US Dollars (USD). Here, we delve deeper into the implications and objectives of this partnership. Background: The Problem Binance US Faced For over two months, Binance US customers have faced difficulties in depositing and withdrawing US Dollars. The exchange had to pause USD transfers after its banking partners signaled their intent to sever ties, citing regulatory uncertainties in the U.S. This disruption severely impacted the exchange's liquidity and customer trust. The MoonPay Solution MoonPay specializes in providing secure and user-friendly payment solutions for cryptocurrencies. By partnering with MoonPay, Binance US aims to offer its customers new and convenient USD on-ramps that support USDT (Tether) purchases. These on-ramps will be facilitated through various payment methods, including debit cards, credit cards, Apple Pay, and Google Pay. Transition to a Crypto-Only Exchange As part of its strategy to navigate the regulatory landscape, Binance US has transitioned to a crypto-only exchange. It has replaced USD with USDT, a stablecoin pegged to the U.S. dollar, as its new base asset for transactions. This move is seen as a way to sidestep the complications arising from traditional banking relationships while still offering a stable trading asset closely tied to the value of the U.S. dollar. Strategic Importance The partnership with MoonPay is not just a tactical move but a strategic one. It allows Binance US to regain a steady flow of customer payments, thereby restoring liquidity and enhancing user experience. Moreover, it sends a strong message to the market and regulators that Binance US is committed to compliance and is taking proactive steps to adapt to the evolving regulatory environment. Future Outlook While the partnership is a positive step, it's worth noting that the broader issue of regulatory uncertainty remains. Both companies will need to continue working closely to ensure that the new payment solutions align with future regulatory changes and customer needs. The Binance US and MoonPay partnership marks a pivotal moment in the crypto exchange's journey to adapt and thrive in a challenging regulatory climate. By offering new and convenient payment options, the exchange aims to regain customer trust and solidify its position in the U.S. market. However, the success of this partnership will ultimately depend on how well both entities can navigate the complex and ever-changing regulatory landscape.
There's a real danger living in a country where tech-illiterate elderly politicians create policy. Biden looks ridiculous talking about this elderly-brained fantasy of raising $3.5 billion by taxing crypto miners. "One new proposal in this year’s Budget, the Digital Asset Mining Energy (DAME) excise tax, is an example of the President’s commitment to addressing both long-standing national challenges as well as emerging risks – in this case, the economic and environmental costs of current practices for mining crypto assets (crypto mining, for short"). After a phase-in period, firms would face a tax equal to 30 percent of the cost of the electricity they use in crypto mining." Occasionally there's moments with some of our older politicians where I'm reminded just how bad it is - of course I don't expect them to understand crypto, but the not grasping that this business can operate anywhere means he doesn't understand the basics of the internet. The press release goes on to gloat that it will "raise $3.5 billion in revenue over 10 years". Another To See This: By LEAVING The US, the Crypto Mining Industry Can Increase Profits by $3.5 Billion Over 10 Years.. I can only imagine Biden thinks these companies will 'have to stay where the mines are - you can't take a mine with you' - this is actually slightly less stupid than believing you can tell a relatively small industry "you'll make $3.65 billion more if you leave the US" and think they won't. This exposes another cause for concern - no advisor told him miners can set up operations anywhere in the world where there's internet access and electricity? If one country imposes heavy taxes or regulations, miners can easily relocate to a more favorable jurisdiction. Once the global tech leader, America has become the grumpy, confused old man yelling "get off my lawn" while the house next door is having a BBQ and invited over the entire neighborhood. Because that's what is happening - countries with younger leaders, who aren't afraid of technology are actively competing to bring in the companies the US is scaring away. Some mining companies bring in a substantial amount of money, and the administration seems oblivious to the fact that their proposal is one that simply delivers this money to other countries - and the $3.5 billion someone misled the President in to believing just isn't coming. I'd be shocked if 10% of that is collected. These blunders in policy decisions, especially in areas as dynamic as cryptocurrency, can have long-lasting implications for a country's economic and technological future. While thousands of companies went under, it left the United States with Google, Microsoft, Apple, Intel, Cisco, Adobe, which have since made up for the losses of every failed tech startup and then some. While California's Mismanagement Pushes Companies to Other States, Biden's Plan Brags that No State Will be Able to Escape a Federal Nation-Wide Tax... The tech industry, crypto included, has shown they're willing to pay taxes when the tax rates are reasonable and fall somewhere near the average for other businesses. But adding an additional 30% to a company's already largest expense (electricity) will make it hard to resident when smarter countries call offering tax breaks. One final thing to consider - there's a number of publicly traded crypto mining companies in the US, I wonder how investors would react if they were invested in a company that began paying this new tax, while competing companies that relocated were obviously benefiting from it when comparing earnings reports. Would we see share holders demanding companies free themselves of this optional 30% increase in expenses? The US has given a lot of money to Ukraine, and while President Biden has been able to secure those funds by reducing spending on American cities and citizens, as seen recently following the massive Maui fire - it isn't nearly enough.
Perhaps anticipating an influx people moving funds in to Bitcoin over concerns surrounding the US dollar, the administration is taking steps to insure citizens who do will still pay proper portions to tax. Video courtesy of CNBC |