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Bitcoin reserves on exchanges hit a 3-year low. #Bitcoin 🐋🐳💯
Low reserves on exchanges indicate low selling pressure and could trigger a supply shock as institutional investors continue to accumulate Bitcoin. According to data as of June 19, 2024, the #BTC exchange reserve, or the total amount of Bitcoin available on exchanges exchange, fell to 3-year lows.🚀🚀🚀💪
CryptoQuant analyzes have revealed that there are currently 2,825,703 Bitcoins left out of the #exchange
In the month of January 2024, the exchange balance was approximately 3,039,000.
Low exchange reserves, sometimes called exchange balances, indicate low selling pressure and a potential supply shock due to the relatively low supply available for purchase. He told his interviewer, "This is really the first wave of early adopters , and I believe that the next one will be that of the larger institutions".🫣😁👍💸
If Johnson's prediction proves true, institutional capital will continue to flow into Bitcoin, putting further pressure on exchanges' limited supply in the coming months.
#halving of April 2024 🆕️
Furthermore, following the April 2024 halving, the supply of Bitcoin is further limited by the decrease in the block reward for mining.
Before the latest halving, #miner received 6.25 BTC for each successfully mined block, now they receive 3.125. $BTC
Low reserves on exchanges indicate low selling pressure and could trigger a supply shock as institutional investors continue to accumulate Bitcoin. According to data as of June 19, 2024, the #BTC exchange reserve, or the total amount of Bitcoin available on exchanges exchange, fell to 3-year lows.🚀🚀🚀💪
CryptoQuant analyzes have revealed that there are currently 2,825,703 Bitcoins left out of the #exchange
In the month of January 2024, the exchange balance was approximately 3,039,000.
Low exchange reserves, sometimes called exchange balances, indicate low selling pressure and a potential supply shock due to the relatively low supply available for purchase. He told his interviewer, "This is really the first wave of early adopters , and I believe that the next one will be that of the larger institutions".🫣😁👍💸
If Johnson's prediction proves true, institutional capital will continue to flow into Bitcoin, putting further pressure on exchanges' limited supply in the coming months.
#halving of April 2024 🆕️
Furthermore, following the April 2024 halving, the supply of Bitcoin is further limited by the decrease in the block reward for mining.
Before the latest halving, #miner received 6.25 BTC for each successfully mined block, now they receive 3.125. $BTC
Bitcoin Surges to $70,700 as Miner Reserves Deplete
#Bitcoin #binance #BTC🔥🔥🔥🔥🔥 #miner #Mining $BTC $BNB
Bitcoin mining reserves have dropped to their lowest level since the start of the year, indicating a rising trend of coin sell-offs by miners.Bitcoin has surged to $70,700, marking its highest price in nearly two weeks.
Analyzing the three-day chart, Bitcoin’s Relative Strength Index (RSI) and Money Flow Index (MFI) stand at 57.72 and 40.95, respectively. The combined readings of these momentum indicators suggest that while there is an increase in buying activity, notable selling activity is also present in the market.
Data from CryptoQuant reveals that Bitcoin’s [BTC] mining reserves have dropped to their lowest level since the beginning of the year.
This metric measures the amount of Bitcoin held in miners’ wallets. It indicates the reserves that miners have yet to sell. As of the time of writing, 1.81 million BTC, worth $125 billion at current market prices, is held in miners’ wallets. A decrease in BTC mining reserves indicates that Bitcoin miners are distributing their coins to take profits or cover mining costs. Data from CryptoQuant shows that after a prolonged decline, BTC mining reserves began to trend upwards on April 8, as the market anticipates the fourth Bitcoin halving event scheduled for April 19.
Following the halving event, this metric swiftly climbed to a peak of 1.82 million BTC on April 23, before resuming a downward trend. Since then, the amount of BTC held by miners has decreased by 1%.
Interestingly, mining activity on exchanges has declined over the past three months.According to CryptoQuant, the flow of BTC from miners’ wallets to exchanges (assessed using a 30-day moving average) has dropped by 48% since reaching a year-to-date high of 11,853 BTC on March 27. However, this doesn’t necessarily mean miners aren’t selling their coins. They might be selling BTC through over-the-counter (OTC) markets rather than directly on exchanges.
They may also be engaging in peer-to-peer transactions, selling directly to buyers without using exchanges.
Bitcoin mining reserves have dropped to their lowest level since the start of the year, indicating a rising trend of coin sell-offs by miners.Bitcoin has surged to $70,700, marking its highest price in nearly two weeks.
Analyzing the three-day chart, Bitcoin’s Relative Strength Index (RSI) and Money Flow Index (MFI) stand at 57.72 and 40.95, respectively. The combined readings of these momentum indicators suggest that while there is an increase in buying activity, notable selling activity is also present in the market.
Data from CryptoQuant reveals that Bitcoin’s [BTC] mining reserves have dropped to their lowest level since the beginning of the year.
This metric measures the amount of Bitcoin held in miners’ wallets. It indicates the reserves that miners have yet to sell. As of the time of writing, 1.81 million BTC, worth $125 billion at current market prices, is held in miners’ wallets. A decrease in BTC mining reserves indicates that Bitcoin miners are distributing their coins to take profits or cover mining costs. Data from CryptoQuant shows that after a prolonged decline, BTC mining reserves began to trend upwards on April 8, as the market anticipates the fourth Bitcoin halving event scheduled for April 19.
Following the halving event, this metric swiftly climbed to a peak of 1.82 million BTC on April 23, before resuming a downward trend. Since then, the amount of BTC held by miners has decreased by 1%.
Interestingly, mining activity on exchanges has declined over the past three months.According to CryptoQuant, the flow of BTC from miners’ wallets to exchanges (assessed using a 30-day moving average) has dropped by 48% since reaching a year-to-date high of 11,853 BTC on March 27. However, this doesn’t necessarily mean miners aren’t selling their coins. They might be selling BTC through over-the-counter (OTC) markets rather than directly on exchanges.
They may also be engaging in peer-to-peer transactions, selling directly to buyers without using exchanges.
An individual miner won $222,000 in a bitcoin raffle, securing a reward for the entire block.
According to blockchain data, the lucky miner processed block number 867,118 at 4:18 a.m. ET. The block contained a total of 3,285 transactions, and the miner received 3,329 BTC, or a total of $222,455, as a reward for his work.
The #miner responsible for processing the block was Solo CK Pool, which usually aggregates the hashrates of smaller miners, but only the miner responsible for resolving the block gets rewarded.
#Bitcoin blocks are created roughly every 10 minutes and are usually mined by large #mining pools that pool their computing power to get the best chance at a block reward. Currently, the reward for successfully mining a block is 3.125 #BTC , after it was halved for the first time in four years on April 20.
n n Over the years, mining has become increasingly complex as the size and security of the network has grown. Recently, bitcoin's hash rate reached an all-time high of 769.8 EH/s. Currently, Chinese company Antpool and ViaBTC (the mining pool that mined the first block after bitcoin's recent halving) control 38% of the bitcoin network's total hash rate. However, it is not uncommon for a lone miner to find a block, an unlikely event that is directly related to the miner's ability to solve complex cryptocurrency puzzles on the network.
Last month, another lone miner hit the jackpot by solving 860,749 blocks for a reward of 3,169 BTC.
Read us at: Compass Investments
The #miner responsible for processing the block was Solo CK Pool, which usually aggregates the hashrates of smaller miners, but only the miner responsible for resolving the block gets rewarded.
#Bitcoin blocks are created roughly every 10 minutes and are usually mined by large #mining pools that pool their computing power to get the best chance at a block reward. Currently, the reward for successfully mining a block is 3.125 #BTC , after it was halved for the first time in four years on April 20.
n n Over the years, mining has become increasingly complex as the size and security of the network has grown. Recently, bitcoin's hash rate reached an all-time high of 769.8 EH/s. Currently, Chinese company Antpool and ViaBTC (the mining pool that mined the first block after bitcoin's recent halving) control 38% of the bitcoin network's total hash rate. However, it is not uncommon for a lone miner to find a block, an unlikely event that is directly related to the miner's ability to solve complex cryptocurrency puzzles on the network.
Last month, another lone miner hit the jackpot by solving 860,749 blocks for a reward of 3,169 BTC.
Read us at: Compass Investments
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#bitcoinupdate2024 #Bitcoin❗️ #miner
#bitcoinupdate2024 #Bitcoin❗️ #miner
Zilliqa introduces a mechanism to reduce mining rewards.
On October 14, the Zilliqa team announced that a community vote approved a plan to halve blockchain miner rewards.
As a result, as part of the plan to move to #proof-of-stake in #Zilliqa 2.0, the network has implemented a mechanism to cut #miner payouts by 50% per month.
In Zilliqa 2.0, the network will fully transition to proof-of-work, and miners will be rewarded for protecting the network. This next milestone will turn Zilliqa into a proof-of-stake (PoS) #blockchain , similar to how Ethereum (ETH) merged.
As we get closer to the platform upgrade, payments to miners will be reduced, which will benefit validators and miners; ZIL miners will switch to staking during this period to support the network.
From September 28 to October 12, GZIL held a vote on the proposal. According to the blog, 97% of those who voted approved the vote, which ended on October 12.
As a result, miners will receive 22.25% of the originally planned incentives in October, 20% in November and 12.5% in December.
According to the Zilliqa team, the additional ZIL tokens received by miners before the halving will be used for other community projects. These include investment funds and incentive systems developed by the community.
Read us at: Compass Investments
#CompassInvestments
As a result, as part of the plan to move to #proof-of-stake in #Zilliqa 2.0, the network has implemented a mechanism to cut #miner payouts by 50% per month.
In Zilliqa 2.0, the network will fully transition to proof-of-work, and miners will be rewarded for protecting the network. This next milestone will turn Zilliqa into a proof-of-stake (PoS) #blockchain , similar to how Ethereum (ETH) merged.
As we get closer to the platform upgrade, payments to miners will be reduced, which will benefit validators and miners; ZIL miners will switch to staking during this period to support the network.
From September 28 to October 12, GZIL held a vote on the proposal. According to the blog, 97% of those who voted approved the vote, which ended on October 12.
As a result, miners will receive 22.25% of the originally planned incentives in October, 20% in November and 12.5% in December.
According to the Zilliqa team, the additional ZIL tokens received by miners before the halving will be used for other community projects. These include investment funds and incentive systems developed by the community.
Read us at: Compass Investments
#CompassInvestments
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Blake3 is now the most profitable PoW algorithm for crypto miners, KAS falls in rank
In July, the Kheavyhash proof-of-work (PoW) cryptocurrency mining algorithm, used by the crypto asset kaspa (KAS), held the top spot in terms of profitability among consensus algorithms. Back today, the Blake3 algorithm is leading the way, with alephium (ALPH) miners reaping an estimated $40.53 in daily profits.
Blake3 Leads PoW Mining, Followed by Scrypt, Kheavyhash, SHA256, and Eaglesong
Blake3 Leads PoW Mining, Followed by Scrypt, Kheavyhash, SHA256, and Eaglesong
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Decentralized Bitcoin Mining Pool OCEAN Raises Over $6 Million in Seed Funding
The funding round was led by Twitter founder Jack Dorsey, whose work has increasingly been devoted to web3 in recent years.
OCEAN, a new decentralized Bitcoin mining pool, announced that it had raised $6.3 million in seed funding from various sources on November 28.
The seed funding round is notably led by Jack Dorsey, co-founder and CEO of Block Inc. and also co-founder and former CEO of Twitter/X.
Dorsey said in a statement:
“Our contribution to OCEAN comes from a deep respect for its mission… OCEAN is solving a problem for Bitcoiners that I think we are all feeling: greater centralization of pools and mining pools that could affect Bitcoin, and how that puts at risk to a lot of Bitcoin. attributes that we appreciate.”
Other contributors to the seed round include Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and Bitcoin Opportunity Fund.
OCEAN is operated by Mummolin, Inc., a company that describes itself as the successor to the Eligius Bitcoin mining pool that operated between 2011 and 2017. Luke Dashjr, who currently serves as co-founder of Mummolin Inc., also created Eligius. which aimed to provide a decentralized approach to Bitcoin mining.
#bitcoin #BTC #Miners #miner #etf $BTC
The funding round was led by Twitter founder Jack Dorsey, whose work has increasingly been devoted to web3 in recent years.
OCEAN, a new decentralized Bitcoin mining pool, announced that it had raised $6.3 million in seed funding from various sources on November 28.
The seed funding round is notably led by Jack Dorsey, co-founder and CEO of Block Inc. and also co-founder and former CEO of Twitter/X.
Dorsey said in a statement:
“Our contribution to OCEAN comes from a deep respect for its mission… OCEAN is solving a problem for Bitcoiners that I think we are all feeling: greater centralization of pools and mining pools that could affect Bitcoin, and how that puts at risk to a lot of Bitcoin. attributes that we appreciate.”
Other contributors to the seed round include Accomplice, Barefoot Bitcoin Fund, MoonKite, NewLayer Capital, and Bitcoin Opportunity Fund.
OCEAN is operated by Mummolin, Inc., a company that describes itself as the successor to the Eligius Bitcoin mining pool that operated between 2011 and 2017. Luke Dashjr, who currently serves as co-founder of Mummolin Inc., also created Eligius. which aimed to provide a decentralized approach to Bitcoin mining.
#bitcoin #BTC #Miners #miner #etf $BTC
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🤑Grass Mining Profit 🍀
Certainly! Let's dive into the details of Grass Mining Profit and explore how you can potentially earn rewards. 🌱
1. What Is Grass?
- Grass is an innovative solution that allows you to sell your excess bandwidth to a select group of companies vetted by Wynd Network.
- By linking your devices, you'll be fairly rewarded for contributing your unused internet bandwidth to the Grass network.
2. How Does Grass Mining Work?
- Grass operates on a free-to-earn airdrop model.
- Here's how it works:
- Provide Your Unused Bandwidth: Set up your devices to contribute bandwidth to the Grass network.
- Earn Grass Rewards: As you continue to provide bandwidth, you'll accumulate Grass points.
- Token Conversion: These points will eventually be converted to network ownership of Grass token.
- Decentralization: Grass aims to be completely decentralized, and at the end of the beta, network ownership will transfer to tokenholders based on their holdings.
3. Post-Beta Ownership and Token Value:
- After the beta, the network will be completely owned by tokenholders.
- You'll still earn tokens used for governance, ensuring that long-term contributors have a stake.
- Token value will be determined by supply and demand, with the network's growth enhancing token value.
4. Price of Grass Tokens:
- While specific tokenomics aren't finalized, the price will be market-driven.
- Remember that referring others not only boosts your points now but also contributes to the token's value after launch.
5. Get Started:
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- Good luck, and always remember to DYOR (Do Your Own Research)!
Feel free to explore this exciting opportunity and contribute to the Grass network! 🌐🌿#GRASSAirdrop #miner #grass #Airdrop
Certainly! Let's dive into the details of Grass Mining Profit and explore how you can potentially earn rewards. 🌱
1. What Is Grass?
- Grass is an innovative solution that allows you to sell your excess bandwidth to a select group of companies vetted by Wynd Network.
- By linking your devices, you'll be fairly rewarded for contributing your unused internet bandwidth to the Grass network.
2. How Does Grass Mining Work?
- Grass operates on a free-to-earn airdrop model.
- Here's how it works:
- Provide Your Unused Bandwidth: Set up your devices to contribute bandwidth to the Grass network.
- Earn Grass Rewards: As you continue to provide bandwidth, you'll accumulate Grass points.
- Token Conversion: These points will eventually be converted to network ownership of Grass token.
- Decentralization: Grass aims to be completely decentralized, and at the end of the beta, network ownership will transfer to tokenholders based on their holdings.
3. Post-Beta Ownership and Token Value:
- After the beta, the network will be completely owned by tokenholders.
- You'll still earn tokens used for governance, ensuring that long-term contributors have a stake.
- Token value will be determined by supply and demand, with the network's growth enhancing token value.
4. Price of Grass Tokens:
- While specific tokenomics aren't finalized, the price will be market-driven.
- Remember that referring others not only boosts your points now but also contributes to the token's value after launch.
5. Get Started:
- To participate in the Grass Airdrop, follow this link:
- Good luck, and always remember to DYOR (Do Your Own Research)!
Feel free to explore this exciting opportunity and contribute to the Grass network! 🌐🌿#GRASSAirdrop #miner #grass #Airdrop
Hut 8 partners w/Bitmain; releases new gen ASIC miner w/80% better hash rates - TLDR under !
Hat8 Corporation announced that it has expanded its partnership with Bitmain Technologies by launching the U3S21EXPH next-generation ASIC miner.
-many miners are focusing on efficiency, cost management and strategic investments amid the growing complexity of the #bitcoin network.
On Thursday, bitcoin #miner Hut 8 Corp. announced an expanded partnership with #mining rig manufacturer Bitmain Technologies and the release of the next-generation U3S21EXPH ASIC miner.
Hat8 plans to deploy this model in the second quarter of 2025 under a hosting agreement at 15 exahash per second using its own dedicated data center infrastructure.
This deployment represents further collaboration between Hut 8 and Bitmain to expand ASIC technology and bring artificial intelligence to data center operations.
The collaboration with Bitmain has allowed us to deepen our understanding of ASIC computing and create a scalable model for data center design The U3S21EXPH is the first small-sized DLC-cooled processor introduced by BITMAIN in a U form factor, ready to be rack-mounted like traditional data center hardware. This innovation bridges an important engineering gap between bitcoin mining and #AI data center infrastructure in both form factor and cooling technology, and we believe this convergence will enable significant synergies and flexibility in the future.
Read us at: Compass Investments
#transscreen.ru
-many miners are focusing on efficiency, cost management and strategic investments amid the growing complexity of the #bitcoin network.
On Thursday, bitcoin #miner Hut 8 Corp. announced an expanded partnership with #mining rig manufacturer Bitmain Technologies and the release of the next-generation U3S21EXPH ASIC miner.
Hat8 plans to deploy this model in the second quarter of 2025 under a hosting agreement at 15 exahash per second using its own dedicated data center infrastructure.
This deployment represents further collaboration between Hut 8 and Bitmain to expand ASIC technology and bring artificial intelligence to data center operations.
The collaboration with Bitmain has allowed us to deepen our understanding of ASIC computing and create a scalable model for data center design The U3S21EXPH is the first small-sized DLC-cooled processor introduced by BITMAIN in a U form factor, ready to be rack-mounted like traditional data center hardware. This innovation bridges an important engineering gap between bitcoin mining and #AI data center infrastructure in both form factor and cooling technology, and we believe this convergence will enable significant synergies and flexibility in the future.
Read us at: Compass Investments
#transscreen.ru
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4696032342#MININGMULTIPLE CURRENCIES AT THE SAME TIME
**EVERYTHING from the CLOUD**
It is a super simple application. This app is to start/track your mining sessions along with mined coin balances and withdrawals. As soon as you set up your account, you will assign a mining account on our cloud server.
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When you reach the minimum amount, you can go to the withdrawal request.
Transfer amount according to the terms and conditions of the application and the update of the policy and privacy.
*IMPORTANT*:
1. Download from play store "Crypto mining"
2. Choose the mining currency and start.
3. Every 24 hours you update the miner
4. Withdrawals with the minimum depends on the currency you chose.
5. ENJOY IT!!
#cryptographic #Miners #mineriacripto #miner
**EVERYTHING from the CLOUD**
It is a super simple application. This app is to start/track your mining sessions along with mined coin balances and withdrawals. As soon as you set up your account, you will assign a mining account on our cloud server.
-*CLOUD MINING*
Start mining SHIB and get easy access to the world of cryptocurrencies for everyone.
-*REFERENCE SYSTEM*
Invite a friend and you'll both get a special bonus based on ongoing offers.
-*WITHDRAW*
When you reach the minimum amount, you can go to the withdrawal request.
Transfer amount according to the terms and conditions of the application and the update of the policy and privacy.
*IMPORTANT*:
1. Download from play store "Crypto mining"
2. Choose the mining currency and start.
3. Every 24 hours you update the miner
4. Withdrawals with the minimum depends on the currency you chose.
5. ENJOY IT!!
#cryptographic #Miners #mineriacripto #miner
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Telecommunication Giant Deutsche Telekom Set to Enter Bitcoin Mining
According to CoinDesk, Deutsche Telekom, the parent company of T-Mobile, one of the largest U.S. telcos, is planning to venture into Bitcoin mining. The announcement was made by Dirk Röder, Head of web3 infrastructure and solutions of T-Mobile's Telekom MMS, during the BTC Prague conference. Röder confirmed that the company will soon engage in 'digital monetary photosynthesis', a term he used to describe Bitcoin mining.
The news comes amidst a tumultuous period for the mining sector, which has seen a bull market in 2021, a subsequent crypto winter, and a halving event that reduced Bitcoin rewards by half. While Röder did not provide specifics about the company's mining plans, the entry of such a large corporation into the sector could have both positive and potentially negative impacts on the industry.
Deutsche Telekom has been actively involved in the digital assets sector for several years, running validators on networks such as #Polygon on, Q, Flow, Celo, #Chainlink , and Ethereum. The company also launched the Energy Web Chain last year, which it described as the world's first public blockchain designed specifically for the energy sector, aimed at creating a more decentralized, digitalized, and decarbonized energy system.
#Röder also revealed that his company has been running a Bitcoin node and Lightning nodes since 2023. The company's entry into Bitcoin mining has been seen as a positive development by the Bitcoin mining community, given T-Mobile's market cap of over $200 billion. However, it also raises questions about the potential increase in competition for existing miners.
T-Mobile's journey into #Web3 has not been without controversy. The company has faced several lawsuits after customers of T-Mobile and its competitor AT&T fell victim to 'SIM swapping' attacks.#Bitcoin $BTC #Binance
According to CoinDesk, Deutsche Telekom, the parent company of T-Mobile, one of the largest U.S. telcos, is planning to venture into Bitcoin mining. The announcement was made by Dirk Röder, Head of web3 infrastructure and solutions of T-Mobile's Telekom MMS, during the BTC Prague conference. Röder confirmed that the company will soon engage in 'digital monetary photosynthesis', a term he used to describe Bitcoin mining.
The news comes amidst a tumultuous period for the mining sector, which has seen a bull market in 2021, a subsequent crypto winter, and a halving event that reduced Bitcoin rewards by half. While Röder did not provide specifics about the company's mining plans, the entry of such a large corporation into the sector could have both positive and potentially negative impacts on the industry.
Deutsche Telekom has been actively involved in the digital assets sector for several years, running validators on networks such as #Polygon on, Q, Flow, Celo, #Chainlink , and Ethereum. The company also launched the Energy Web Chain last year, which it described as the world's first public blockchain designed specifically for the energy sector, aimed at creating a more decentralized, digitalized, and decarbonized energy system.
#Röder also revealed that his company has been running a Bitcoin node and Lightning nodes since 2023. The company's entry into Bitcoin mining has been seen as a positive development by the Bitcoin mining community, given T-Mobile's market cap of over $200 billion. However, it also raises questions about the potential increase in competition for existing miners.
T-Mobile's journey into #Web3 has not been without controversy. The company has faced several lawsuits after customers of T-Mobile and its competitor AT&T fell victim to 'SIM swapping' attacks.#Bitcoin $BTC #Binance
🪙 Crypto and Blockchain News (December 29, 2023):
1️⃣ Michael Bouhanna: According to the results of 2023, digital art sales at Sotheby's reached nearly $35 million. This was announced by the Vice President and head of the corresponding department of the auction house, Michael Bouhanna. He stated that the outgoing year has been one of the most exciting for digital art. Sotheby's managed to set a new price record in the segment – $6.2 million for the #nft Ringers 879 (The Goose) by artist Dmitry Chernyak. 🎨 This opens up new opportunities for artists and investors.
2️⃣ REN-TV: A gang of extortionists kidnapped a cryptocurrency #miner in Izhevsk and demanded a ransom of 15 million rubles. The incident occurred on December 25. Three men abducted a 23-year-old guy in the courtyard of his house. The young man was placed in a "Niva" registered to a pensioner from Perm and taken in an unknown direction. 🕵️♂️
3️⃣ DLNews: As of the end of 2023, the European Union (EU) registered about two thousand virtual asset service providers (VASP). However, in total, not less than 11,597 new cryptocurrency companies appeared in Europe, but only 1,988 firms obtained VASP licenses. 🌐
4️⃣ Vedomosti: The Russian fintech service CarMoney, providing loans secured by cars, issued digital financial assets (DFA). This is the first implementation of a new tool in the microfinance segment. According to the company's press service, several investors and firms have already fully purchased all digital assets. 💳
5️⃣ Thor Hartvigsen: The native token of the second-layer (L2) network MetisDAO (METIS) surged by more than 50% at the moment. Meanwhile, the total value locked (TVL) in the protocol surpassed $695 million. The cryptocurrency community is actively discussing the launch of a $360 million incentive program. This significantly fuels investor interest in the #metis token, which continues to grow along with the entire project's ecosystem. 🚀
👉 Subscribe, like, comment! Your perspective is important to us.
1️⃣ Michael Bouhanna: According to the results of 2023, digital art sales at Sotheby's reached nearly $35 million. This was announced by the Vice President and head of the corresponding department of the auction house, Michael Bouhanna. He stated that the outgoing year has been one of the most exciting for digital art. Sotheby's managed to set a new price record in the segment – $6.2 million for the #nft Ringers 879 (The Goose) by artist Dmitry Chernyak. 🎨 This opens up new opportunities for artists and investors.
2️⃣ REN-TV: A gang of extortionists kidnapped a cryptocurrency #miner in Izhevsk and demanded a ransom of 15 million rubles. The incident occurred on December 25. Three men abducted a 23-year-old guy in the courtyard of his house. The young man was placed in a "Niva" registered to a pensioner from Perm and taken in an unknown direction. 🕵️♂️
3️⃣ DLNews: As of the end of 2023, the European Union (EU) registered about two thousand virtual asset service providers (VASP). However, in total, not less than 11,597 new cryptocurrency companies appeared in Europe, but only 1,988 firms obtained VASP licenses. 🌐
4️⃣ Vedomosti: The Russian fintech service CarMoney, providing loans secured by cars, issued digital financial assets (DFA). This is the first implementation of a new tool in the microfinance segment. According to the company's press service, several investors and firms have already fully purchased all digital assets. 💳
5️⃣ Thor Hartvigsen: The native token of the second-layer (L2) network MetisDAO (METIS) surged by more than 50% at the moment. Meanwhile, the total value locked (TVL) in the protocol surpassed $695 million. The cryptocurrency community is actively discussing the launch of a $360 million incentive program. This significantly fuels investor interest in the #metis token, which continues to grow along with the entire project's ecosystem. 🚀
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leanpark expands bitcoin mining
-CleanSpark expands bitcoin mining in Tennessee despite the growing complexity of mining, increasing competition and the challenges of falling markets.
CleanSpark, a low-carbon #bitcoin #mining company, is expanding its business by acquiring 7 new properties in East Tennessee for £2,750 million. This strategic move is aimed at improving efficiency and consolidating operations as the mining industry faces significant headwinds.
September 11, CleanSpark announced the purchase of 7 operating mining operations in East Tennessee, which were attracted to the region by its low-emission hydroelectric infrastructure. The company's decision to expand its operations in Tennessee coincides with its commitment to sustainable bitcoin mining, which is based primarily on renewable energy.
the company says these acquisitions were carefully planned to take advantage of falling market prices for mining infrastructure. Following the acquisition, CleanSpark will use the s21pro #miner to perform a series of upgrades that will increase hashing speeds by more than 22%. The move is part of CleanSpark's long-term strategy to expand its business and remain competitive in the marketplace.
CEO Zach Bradford said that these capabilities will help CleanSpark reach its 2024 goal by the end of '37. He emphasized that the timely procurement of servers and data center equipment has allowed the company to obtain competitive pricing for these new facilities.
East Tennessee has become an attractive hub for bitcoin miners in recent years due to cheap land, favorable regulation, and an extensive network of hydroelectric power plants maintained by the Tennessee Valley Authority (TVA). This clean energy infrastructure has made large-scale bitcoin mining possible in the region, especially for companies like CleanSpark that prioritize low-emission mining.
Bradford compared the political and energy environment in Tennessee to that of Georgia, where CleanSpark has already invested heavily in mining infrastructure.
Read us at: Compass Investments
#CryptoAdoption #GlobalCrypto
CleanSpark, a low-carbon #bitcoin #mining company, is expanding its business by acquiring 7 new properties in East Tennessee for £2,750 million. This strategic move is aimed at improving efficiency and consolidating operations as the mining industry faces significant headwinds.
September 11, CleanSpark announced the purchase of 7 operating mining operations in East Tennessee, which were attracted to the region by its low-emission hydroelectric infrastructure. The company's decision to expand its operations in Tennessee coincides with its commitment to sustainable bitcoin mining, which is based primarily on renewable energy.
the company says these acquisitions were carefully planned to take advantage of falling market prices for mining infrastructure. Following the acquisition, CleanSpark will use the s21pro #miner to perform a series of upgrades that will increase hashing speeds by more than 22%. The move is part of CleanSpark's long-term strategy to expand its business and remain competitive in the marketplace.
CEO Zach Bradford said that these capabilities will help CleanSpark reach its 2024 goal by the end of '37. He emphasized that the timely procurement of servers and data center equipment has allowed the company to obtain competitive pricing for these new facilities.
East Tennessee has become an attractive hub for bitcoin miners in recent years due to cheap land, favorable regulation, and an extensive network of hydroelectric power plants maintained by the Tennessee Valley Authority (TVA). This clean energy infrastructure has made large-scale bitcoin mining possible in the region, especially for companies like CleanSpark that prioritize low-emission mining.
Bradford compared the political and energy environment in Tennessee to that of Georgia, where CleanSpark has already invested heavily in mining infrastructure.
Read us at: Compass Investments
#CryptoAdoption #GlobalCrypto