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take note: Complete the survey and verification requirements, terms and conditions to qualify and get your rewards from Binance..
[survey and conditions] (https://www.binance.com/en/feed/post/1597045311218?ref=22195716&utm_campaign=app_share_link) #CryptoChristmas #BinanceChallenge
KoinBay is a leading crypto platform that offers diverse trading options for both seasoned and novice users. Whether you’re looking for immediate digital asset acquisition or leveraging advanced crypto trading strategies, KoinBay caters to your needs with a user-friendly interface and competitive transaction fees. Spot Trading On the KoinBay Crypto Platform Buyers: Placing bids at desired purchase prices. Order Book: A digital record of all outstanding buy and sell orders, constantly updated with the latest bids and asks.Bid Price: The highest price a buyer is willing to pay for a specific cryptocurrency. Ask Price: The lowest price a seller is willing to accept for their crypto holding. Spot trading involves understanding concepts like the current spot price, the trade date (when the trade is executed), and the settlement date (when the assets are transferred). Your spot account balance is easily accessible under the “Balances” section on the KoinBay homepage. Limit Order: The default option allows you to set a specific price for buying or selling, ensuring your trade is executed only at that price point or better. Market Order: Ideal for quick execution, market orders instantly trade your crypto at the current market price.Margin TradingFor experienced traders seeking amplified drawings, KoinBay offers margin trading. This involves borrowing funds from the exchange to increase your trading capital and potentially magnify your gains. However, it also amplifies potential losses, so tread cautiously Before venturing into margin trading, ensure you’ve completed your KYC process and enabled 2FA for enhanced security.Once approved, transfer funds from your exchange wallet to your margin wallet as collateral. Leverage is set at a fixed 5:1 ratio, meaning you can borrow up to five times your collateral #Write2Earn #Write2Earn
We're spreading the joy of the season with a chance for you to earn and share $1500! Here's how:
1. Prizes: $150 each for 10 lucky participants! 2. Task: Share your #BinanceChristmas decoration photos in Xmas spirit 🎄 3. How to Participate: - Post your festive photo with #BinanceChristmas . - Complete the survey and meet the conditions to qualify.
plane tickets for me and my kids to visit my father and spend Christmas with him miss you papa I love you 😭😭😭#BinanceWish
LIVE
Trading Heights
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🎄 Christmas Giveaway $150,000! 🎁✨
📅 Activity Period: Dec 12, 2023, 13:00 (UTC) to Dec 22, 2023, 13:00 (UTC)
This festive season, Binance is granting your Christmas wishes with a whopping $150,000 in BNB token vouchers!
✍️How to Participate:
🐦 Twitter: - Retweet: Spread the cheer! - Follow Binance for exciting updates. - Tweet your wish using #BinanceWish, tagging two friends.
📸 Instagram: - Follow Binance on Instagram. - Comment your wish on the giveaway post, tagging two friends. - Share the post on your Stories with #BinanceWish.
🕺 TikTok: - Follow Binance on TikTok. - Tag two friends in the comments. - Create a video explaining your wish with #BinanceWish.
🔲 Binance Square: - Follow Binance_Square_Official. - Quote the giveaway post. - Share your wish with #BinanceWish, mentioning two friends.
🗨️ Telegram: - Join Binance Telegram communities. - Share your wish using #BinanceWish.
💬 Discord: - Join Binance Discord. - Share your wish in #global-chat with #BinanceWish.
🏆 Winners: - One winner per platform. - Each gets $25,000 in BNB token vouchers.
📜 Terms & Conditions: - KYC-ed Binance.com users eligible. - Not associated with Twitter, Instagram, TikTok, Discord, or Telegram. - Winners chosen based on creativity. - Public accounts until winners announced.
📢 Winners announced on Binance social accounts in 4 weeks.
🎁 Rewards sent within 30 days in BNB token vouchers.
⚖️ In case of discrepancies, the English version prevails.
Join the festive fun, spread joy, and let the Christmas magic begin! 🌟🎅 #BinanceWish
Crypto mining and staking play a crucial role in ensuring the operation of each blockchain network. Both concepts help to maintain, improve, and secure their respective blockchain networks.
Both concepts lead to the creation of new coins on their networks.
Stakers and miners earn rewards for maintaining and securing their respective blockchains.
Differences
Mining is associated with a Proof-of-work consensus mechanism, while crypto staking is attached to Proof-of-stake blockchain networks.
Mining requires specialized equipment that consumes enormous amounts of energy. Staking does not have high energy demands or require special computers for maintaining a blockchain.
The first crypto miner to solve the cryptographic puzzles adds a new block to the network. For staking, nodes add new blocks by locking their native coins into a smart contract.
To earn rewards, miners must solve cryptographic puzzles. In contrast, nodes simply need to lock their cryptocurrencies to validate transactions on the blockchain. Nodes will earn rewards based on the amount of their staked tokens.
Mining requires high computational power. Hence the need for specialized mining equipment. In contrast, nodes that commit a significant number of crypto assets to the staking pool have a higher chance of becoming blockchain validators.
All crypto products and services that are available to users today are built on blockchain technology. Distributed ledgers, peer networks, wallets, system integrations, system management, and smart contracts are some of the mst comon parts of a blockchain network.
Crypto Staking
Staking crypto assets means locking up digital currencies for a set amount of time in a crypto wallet connected to a proof-of-stake (PoS) blockchain network. This action aims to maintain and improve the performance of such blockchains. Additionally, this process plays a crucial role in securing transactions on the blockchain. Staking rewards are given to investors who lock up their cryptocurrencies on a blockchain network to keep them safe. Cryptocurrency staking was created to improve the operation and safety of blockchain networks that run on a proof-of-stake consensus mechanism.But now that rewards are part of the staking process, many crypto investors see this idea as a way to make passive income and therefore as an investment opportunity. Most of the time, the stakes and rewards for this process are higher than those offered by traditional financial platforms like banks. To fully understand how cryptocurrency staking helps keep a blockchain network running, you need to know how proof-of-stake consensus mechanisms work.
Crypto Mining
Mining is the process by which proof-of-work (PoW) blockchains like Bitcoin validate transactions and generate new coins. Cryptocurrency mining is an energy-intensive process that requires high levels of computing power. Most of the time, mining uses large, decentralized networks of computers in different parts of the world to check and protect POW blockchains. These decentralized networks also act as virtual ledgers that keep track of all the transactions that happen on the blockchain. Computers on the proof-of-work network are given new coins in exchange for validating transactions on their blockchain. This process is continuous as miners secure and manage the blockchain. In return, they earn coins as rewards for their activities.
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Bitcoin mining is the process by which transactions are verified on the blockchain. It is also the way new bitcoins are entered into circulation. "Mining" is performed using hardware and software to generate a cryptographic number that matches criteria. The first miner to find the solution to the problem receives the bitcoin reward and the process begins again.
The bitcoin reward that miners receive is an incentive that motivates people to assist in the primary purpose of mining: to legitimize and monitor Bitcoin transactions, ensuring their validity. Before you invest the time and equipment, read this explainer to see whether mining is really for you.
KEY TAKEAWAYS
Bitcoin miners receive bitcoin as a reward for completing "blocks" of verified transactions, which are added to the blockchain.
Mining rewards are paid to the miner(s) who discovers a solution, and the probability that a participant will be the one to discover the solution is related to the portion of the network's total mining power.
You need either a graphics processing unit (GPU) or an application-specific integrated circuit (ASIC) in order to set up a mining rig.
Throughout, we use "Bitcoin" with a capital "B" when referring to the network or the cryptocurrency as a concept, and "bitcoin" with a small "b" when we're referring to a quantity of individual tokens.
peer-to-peer digital, decentralized cryptocurrency created by an individual under pseudonym Satoshi Nakamoto. In fact, it is the first digital, decentralized currency. Several developers and organizations have explored the importance of digital cryptocurrency and the concept of the blockchain. Bitcoin is assumed to be one of the secure and comfortable payment methods that can be used in the upcoming days. The backbone of Bitcoin mining is the concept of the blockchain, which is assumed to beone of the ingenious invention of this century. The blockchain is the collection of blocks that are linked together in such a way that the hash of the previous block is contained in the present block. Any change of information in any blocks in a blockchain result in an error on the whole blockchain. Bitcoins are generated by a process called mining, where miners solve a complex mathematical puzzle. The miners are competing with each other to mine the Bitcoin as fast as possible and claim the reward. The mining of Bitcoin requires very high computation power. Since miners are solving the complex mathematical puzzle through hardware, they need to be fast in order to be the first solving the block. The miner who successfully solves the block gets rewarded with Bitcoin. Mining can be done by a single person, or it can be done by pool, where a bunch of miners combines in a network to mine a single block. Single mining, also referred to as solo mining is difficult since the difficulty of Bitcoin mining is increasing every day. Pool mining is another option for those who have fewer resources for mining. We propose an efficient way of mining Bitcoin by analyzing several results through self-experiment, online exchange market data, real-time Bitcoin block data, different mining pools’ efficiency data and much more. Several factors are needed to be taken into consideration during mining because we may never mine a single
Bitcoin’s mining difficulty, an important metric for the health of the network, has seen another positive adjustment, 62.46T, marking the fourth consecutive rise. This time, the increase is slightly over 2%, a subtle yet important change that signifies the continued growth and resilience. As a consequence of this adjustment, the hash rate—representing the processing power of the Bitcoin network—has experienced a surge. Currently, it hovers just under 450 exahashes per second (eh/s), based on a 7-day moving average. The hash rate is a key indicator of miner participation and overall network security.
CryptoSlate previously addressed the impact of such hash rate surges, particularly in the context of halving events. Halving, a pre-programmed reduction in the reward miners receive for adding a new block to the blockchain, has potential implications on the hash rate — not only affecting the miners but also shapes the broader landscape of Bitcoin’s market