Bitcoin, one of the cryptocurrencies with an ever-growing volume in the world, left behind 167 countries with 154.9 billion kilowatt-hours of electricity consumed in 2023.
Each Bitcoin requires approximately 1450 kilowatt hours of electricity.
However, in the first halving in 2012, the solution reward per block decreased to 25 Bitcoins, in the second halving in 2016 it decreased to 12.5, and in the third halving in 2020 it decreased to 6.25.
In the 4th halving, which is expected to occur this year, the Bitcoin reward per block solved is expected to drop to 3,125.
In this way, the system is expected to go through 28 halving periods until the last block is solved, and the last block is expected to be solved towards the year 2140.
USA, China, Kazakhstan, Canada and Russia are among the countries with the largest share in Bitcoin mining.
While the USA stands out with its easy access to the technical equipment and infrastructure required for mining, Kazakhstan and China are in demand due to their more affordable electricity costs.
Polygon's (MATIC) upcoming upgrade has led a large number of crypto investors to recognize MATIC as one of the best altcoins to buy in 2024. However, Algotech (ALGT) has attracted the highest market attention with the outstanding rewards it offers in the public pre-sale. Let's dig into the details and find out which is the best coin to invest in today.
Polygon (MATIC) bulls expect gains above $0.88 in February 2024.
Algotech (ALGT) gains 275% ahead of official launch.
Polygon Price Prediction: Can MATIC Rise Above $0.88?
The price of Polygon (MATIC) increased by 8.22% in seven days, from $0.73 on January 24 to $0.79 on January 31. According to the latest Polygon MATIC news, MATIC bulls expect price increases to continue in the coming period. More precisely, Polygon Labs announced the upcoming release of the AggLayer v1 mainnet in February.
As noted in Polygon's Jan. 24 blog announcement, the aggregation layer is set to interconnect the blockchain environment by creating a network of ZK-protected L1 and L2 chains.
According to a recent Polygon price prediction, this significant rise could see Polygon (MATIC) break through the $0.88 range by mid-February . That's why many market analysts have recommended MATIC as the best cryptocurrency to buy today.
Conversely, some experts have considered Polygon (MATIC) a particularly high-risk investment due to MATIC's significant price fluctuations. As for the latest pessimistic Polygon price prediction, MATIC may fall below the $0.74 level in the coming weeks. Polygon (MATIC) highlights the platform's regulatory issues as another reason for this negative MATIC price prediction.
!!! It is not investment advice. Do your research like every free individual.!!!
For more news... https://coinfomania.com/algotech-algt-presale-has-market-attention/
While the Curious Wait of Shiba Inu (SHIB) Investors Continues, a New Statement Came from the Team!
Shiba Inu (SHIB) attracted attention by sharing details of the upcoming launch of the Shibarium Token Burning mechanism. The team stated that the mechanism is in the testing phase and if it is completed successfully, it will be transferred to the main network. This announcement had a positive impact on the price of SHIB, causing it to rise. #Write2Earn #shibburn #ShibArmy