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ENSIGN TRADING
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FUN FACT: Less than 5% of the global population is invested in crypto.
FUN FACT: Less than 5% of the global population is invested in crypto.
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🌐 BREAKING : Elon Musk announces #Tesla will invest $10 billion in #AI (Artificial Intelligence) This year to advance its autonomous driving technology. Good Job ELON X 😍🚀
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What is Mining Pools #Mining is integral to the security of Proof of Work blockchains. By computing hashes with certain properties, participants are able to secure #cryptocurrency networks without the need for a central authority. You could be running several high-powered ASICs, and you’d still be just a drop in the #Bitcoin mining ocean. The chances of you actually #mining a block are pretty slim, even though you’ve spent a lot of money on your hardware and the electricity required to run it. You don’t have a guarantee on when you’ll get paid with a block reward, or even if you’ll get paid at all. If consistent revenue is what you’re after, you’ll have much greater luck in a mining pool. Let’s say that you and nine other participants own 0.1% of the network’s total hashing power each. That means that, on average, you would expect to find one in every thousand blocks. With an estimated 144 blocks mined a day, you’d probably find one block a week. Depending on your cash flow and investment into hardware and electricity, this “solo mining” approach could be a feasible strategy. What if, if you power is not enough to be profitable? so, However, what if this revenue won’t be enough to turn a profit? Well, you could join forces with the other nine participants we mentioned. If all of you combine your hashing power, you’d have 1% of the network’s hash rate. This means you’d find one in every hundred blocks on average, which works out at one to two blocks a day. Then, you could just split up the reward and share it amongst all the involved #miners.
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Every 210,000 blocks (roughly a 4 year time period), a pre-determined reduction in issuance occurs, reducing the newly minted BTC coins by 50%. The fourth Bitcoin Halving took place over the weekend, seeing the block subsidy decline from 6.25BTC to 3.125BTC per block, or an approximate issuance of 450 BTC per day (for 144 blocks mined). With every Halving, we can see some strong bullrun, so you know in longer vision what comes next.
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This is Chris. Chris sees the market dip and panic sells at a loss. Chris disappears until the markets recover then buys back at higher price. Chris has no strategy and isn’t patient so he will sell again on the next dip. Chris will do this the entire bull run and end up loosing all his money. Chris will say crypto is a scam. Don’t be like Chris.
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Long ⚡️⚡️ #CFX/USDT ⚡️⚡️ Leverage: Cross (50х) Entry Targets: 0.24318 Take-Profit Targets: 1) 0.24683 2) 0.24926 3) 0.25169 4) 0.25534 5) 0.25777 6) 0.26142 7) 🚀🚀🚀 Stop Targets: 5-10% ⚡️⚡️ #CHR/USDT ⚡️⚡️ Leverage: Cross (20х) Entry Targets: 0.3220 Take-Profit Targets: 1) 0.32683 2) 0.33005 3) 0.33327 4) 0.33810 5) 0.34132 6) 0.34615 7) 🚀🚀🚀 Stop Targets: 5-10%
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