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QI BENQI is a non-custodial liquidity market protocol running on Avalanche. The BENQI protocol states that it was designed to address issues of high network fees that create a barrier of entry for people looking to enter the crypto trading market by offering a suite of DeFi protocols on a purportedly scalable and decentralized platform. The platform is powered by its native token QI, denominated by the $QI ticker. The protocol enables users to contribute their assets to a shared pool, making them available for others to borrow. By supplying liquidity to the protocol, users can earn rewards, whereas borrowers can access funds by providing collateral exceeding the loan amount. #Q1

QI

BENQI is a non-custodial liquidity market protocol running on Avalanche. The BENQI protocol states that it was designed to address issues of high network fees that create a barrier of entry for people looking to enter the crypto trading market by offering a suite of DeFi protocols on a purportedly scalable and decentralized platform. The platform is powered by its native token QI, denominated by the $QI ticker.

The protocol enables users to contribute their assets to a shared pool, making them available for others to borrow. By supplying liquidity to the protocol, users can earn rewards, whereas borrowers can access funds by providing collateral exceeding the loan amount. #Q1

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I lost nearly all my bitcoin by mining bitcoin On August 2021 I spent exactly 1 BTC on 6 Antminer S19j Pros. These were state-of-the art miners that cost $7,500 each, and were hosted with Compass Mining, which sources warehouses with cheap electricity ($0.06 kw/h which gradually increased to $0.08 kw/h). As of today, these miners are no longer profitable to run. These miners are now worth $500 each (0.05 BTC for 6) which means I lost .95 BTC on the hardware cost. Electricity for the miners was paid each month with the bitcoin mined. Of the .9 BTC mined between 2021 and today, .7 BTC went to electricity costs. This means in 3 years, the miners only made .2 BTC of profit. So my initial investment of 1 BTC has resulted in .2 BTC of revenue and .05 BTC worth of hardware. I only have .25 BTC to show for all of this, a loss of 75%. Please do not make the mistake I did, you are infinitely better off just buying and holding bitcoin than by trying to mine it. The bottom line is bitcoin mining is subsidized by fiat loans, companies can absolutely make a profit in fiat terms by taking out loans to buy miners, but by spending bitcoin on miners directly the depreciation of the hardware will make it so you never, ever make a return in bitcoin. Right now an Antminer S21 costs 0.09 BTC and will net you 0.001-0.002 BTC a month after electricity costs. With a break even time of 4-7 years at the current hash rate (and hash rate only gets exponentially higher over time), you will never, ever make your bitcoin back. #miningBTC
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Chromia is a blockchain platform and self-proclaimed relational database. A relational database is the fundamental structure most often used to enable networking on social media platforms, banking, and other modern implementations. It is the science which is used to develop databases characterized by objects or conditions which relate to one another. Chromia is an open-source blockchain network which is layer 1 in its fundamental function and design. The platform, however, boasts of being able to function also as a layer 2 solution. Chromia is interoperable with the BNB Chain and Ethereum blockchain networks. The fundamental aim and purpose of the network is described as being to encourage a blockchain environment which enables developers to easily build decentralized applications (dApps) which make sense in real-world use. Chromia was developed by Chromaway AB, a Swedish-based start-up led by seasoned engineers with an established history in the crypto space. #CHR
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Fellow Binancians, Binance is excited to announce that BounceBit (BB) has been added to Binance Simple Earn, "Buy Crypto", and Binance Convert. In addition, Binance will add BB on Binance Margin, Binance Futures and Binance Auto-Invest at 2024-05-13 12:30 (UTC), 2024-05-13 12:30 (UTC) and 2024-05-15 10:00 (UTC) respectively.  Earn Users can now subscribe to BB Flexible Products on Binance Simple Earn. From 2024-05-15 at 10:00 (UTC), users may purchase BB using any of the payment options supported on Binance Auto-Invest. #binance
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Top Payments tokens by market capitalization. #Market_Update
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FIDA Bonfida is a product suite that offers products and services, including Audaces Protocol, which according to Bonfida, is the first perpetual contracting protocol in the Solana ecosystem. The Bonfida suite also includes the Solana domain name service, Bonfida Bot, the Serum DEX front-end, and the Serum API service.  Bonfida's Solana name service enables the creation of a "Humanized ID," or a human-readable identifier that is tied to a user's Solana Wallet. Instead of being identified by an alphanumeric string, users can use a human-readable identifier, such as "bonfida.sol" for example.  #FIDAUSDT $FIDA
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