π #MiningTrends: Deutsche Telekom Ventures Into Bitcoin Mining
In a groundbreaking move, Deutsche Telekom, Europe's largest telecom provider and parent of T-Mobile, has announced its entry into the bitcoin mining industry. Revealed at the conference BTC Prague, Dirk RΓΆder, head of Web3 infrastructure at Deutsche Telekom's subsidiary T-Systems MMS, shared the company's plans to not only mine Bitcoin but also innovate the process.
π With operations in over 50 countries, Deutsche Telekom's foray into bitcoin mining is expected to revolutionize the industry. This initiative aligns with the company's broader blockchain activities, including running nodes for Ethereum, Polygon, and Celo.
π‘ The company plans to address bitcoin mining's notorious energy consumption by optimizing energy use through a pilot program. This original approach will adjust mining operations based on energy availability, reducing activity during shortages and increasing it during surpluses.
π Deutsche Telekom is not alone in this venture. Other major corporations, such as the Chinese telecom company Coolpad Group, have also entered the mining arena, while asset manager BlackRock has become a significant shareholder in several bitcoin mining firms.
π For those interested in beginning their own mining journey, GoMining offers NFTs that allow you to mine Bitcoin effectively and sustainably. Discover more and start your mining journey at π gomining.com
#GoMining #CryptoNews #BitcoinMining #Blockchain
In a groundbreaking move, Deutsche Telekom, Europe's largest telecom provider and parent of T-Mobile, has announced its entry into the bitcoin mining industry. Revealed at the conference BTC Prague, Dirk RΓΆder, head of Web3 infrastructure at Deutsche Telekom's subsidiary T-Systems MMS, shared the company's plans to not only mine Bitcoin but also innovate the process.
π With operations in over 50 countries, Deutsche Telekom's foray into bitcoin mining is expected to revolutionize the industry. This initiative aligns with the company's broader blockchain activities, including running nodes for Ethereum, Polygon, and Celo.
π‘ The company plans to address bitcoin mining's notorious energy consumption by optimizing energy use through a pilot program. This original approach will adjust mining operations based on energy availability, reducing activity during shortages and increasing it during surpluses.
π Deutsche Telekom is not alone in this venture. Other major corporations, such as the Chinese telecom company Coolpad Group, have also entered the mining arena, while asset manager BlackRock has become a significant shareholder in several bitcoin mining firms.
π For those interested in beginning their own mining journey, GoMining offers NFTs that allow you to mine Bitcoin effectively and sustainably. Discover more and start your mining journey at π gomining.com
#GoMining #CryptoNews #BitcoinMining #Blockchain
β€27π24π20π₯12πΎ3β‘2
π A hearty congratulations to Danzinon, the newest winner in our weekly raffle!
π You've secured exclusive access to our premium GoMiners Avatars, designed to elevate your mining setup to new heights. These top-tier avatars will boost your performance and efficiency.
π Want to enhance your mining potential? Hereβs how to participate in the raffle:
1) If you haven't yet acquired an NFT, now is the ideal time to start;
2) Upgrade your digital miner with at least $10 to boost both its power and efficiency.
π‘ Each $10 investment in upgrades not only optimizes your mining performance but also increases your chances of winning. This week's winner, Danzinon, had a winning probability of 1.52%.
π Mark your calendars: The next draw will conclude on July 2nd. Keep upgrading your setup to improve your chances of winning.
π Good luck to everyone in the next draw!
#GoMining #NFT #WeeklyRaffle
π You've secured exclusive access to our premium GoMiners Avatars, designed to elevate your mining setup to new heights. These top-tier avatars will boost your performance and efficiency.
π Want to enhance your mining potential? Hereβs how to participate in the raffle:
1) If you haven't yet acquired an NFT, now is the ideal time to start;
2) Upgrade your digital miner with at least $10 to boost both its power and efficiency.
π‘ Each $10 investment in upgrades not only optimizes your mining performance but also increases your chances of winning. This week's winner, Danzinon, had a winning probability of 1.52%.
π Mark your calendars: The next draw will conclude on July 2nd. Keep upgrading your setup to improve your chances of winning.
π Good luck to everyone in the next draw!
#GoMining #NFT #WeeklyRaffle
π25π18π₯14β€10π³4π1
π Concluding the 44th Burn & Mint Cycle!
π₯ 2,368,634 GOMINING tokens were burned;
π¨ 1,965,966 GOMINING tokens have since been minted.
They were allocated as follows:
β‘οΈ 1,277,878 to the Service Provider;
π 393,193 to the owners of veGOMINING votes;
πͺ 196,597 to GoMining Rewards;
π₯ 98,298 to the GoMining team.
The voting results for the 45th cycle are:
π Extra Solo mining discount is 2.53%;
π Pool mining multiplier is 1.01Ρ ;
π The Greedy Machines power has increased by 0.14% for each NFT sold from this collection.
π Unlock Your Weekly Benefits!
Ensure your GOMINING tokens are locked on the veGOMINING - My Lock page to begin receiving regular rewards.
π€ Maximize Your Savings:
Use your GOMINING tokens for NFT maintenance to get a 10% discount on electricity costs and boost your weekly rewards!
Find out how to take advantage of these benefits here π https://help.nft.gomining.com/instructions/how-to-get-a-maintenance-discount
#GoMining #NFT #BurnMint
π₯ 2,368,634 GOMINING tokens were burned;
π¨ 1,965,966 GOMINING tokens have since been minted.
They were allocated as follows:
β‘οΈ 1,277,878 to the Service Provider;
π 393,193 to the owners of veGOMINING votes;
πͺ 196,597 to GoMining Rewards;
π₯ 98,298 to the GoMining team.
The voting results for the 45th cycle are:
π Extra Solo mining discount is 2.53%;
π Pool mining multiplier is 1.01Ρ ;
π The Greedy Machines power has increased by 0.14% for each NFT sold from this collection.
π Unlock Your Weekly Benefits!
Ensure your GOMINING tokens are locked on the veGOMINING - My Lock page to begin receiving regular rewards.
π€ Maximize Your Savings:
Use your GOMINING tokens for NFT maintenance to get a 10% discount on electricity costs and boost your weekly rewards!
Find out how to take advantage of these benefits here π https://help.nft.gomining.com/instructions/how-to-get-a-maintenance-discount
#GoMining #NFT #BurnMint
β€24π18π₯15π12πΎ2π1
Crypto World Highlights for June 25th
-Market Trends and Predictions
At least one analyst believes fewer coins will be distributed than is commonly thought from the Mt. Gox settlement, which could mean less selling pressure on Bitcoin than expected.
Bitcoin supply in profit metric reveals a sharp post-halving decline, indicating potential adjustments in market sentiment.
A handful of Bitcoin analysts now believe BTC price is headed below $50,000, exploring why a further drop might precede a parabolic run.
CoinShares analyst James Butterfill said a βtrue correctionβ was now underway amid significant outflows from U.S. spot Bitcoin ETFs last week.
-Institutional and Legal Developments
Defunct Bitcoin exchange Mt. Gox announced it will finally begin distributing assets stolen in its 2014 hack to victims starting in July 2024.
Riot Platforms said it is abandoning its Bitfarms acquisition bid until a new board is constituted, calling for a shareholder meeting to oust Bitfarms' founder from the board.
-Market Manipulations and Challenges
$58 billion in token unlocks is impacting altcoin prices, sparking potential bear market concerns with significant market dynamics influenced by major token releases.
One formula indicates that up to 78% of new token listings since April 2024 have been conducted badly, raising concerns about market manipulation in crypto listings.
-Sector Interest and Growth
The Bitcoin Mining sector is attracting growing investor interest, especially following the Core Scientific deal, with companies like Iris Energy well-positioned to take advantage of high-performance computing and AI opportunities.
-Political and Promotional Events
Former President Donald Trump is in talks to speak at crypto conference Bitcoin 2024, according to Axios, which could coincide with his debate with President Joe Biden, where crypto could be discussed.
#GoMining #MarketNews
-Market Trends and Predictions
At least one analyst believes fewer coins will be distributed than is commonly thought from the Mt. Gox settlement, which could mean less selling pressure on Bitcoin than expected.
Bitcoin supply in profit metric reveals a sharp post-halving decline, indicating potential adjustments in market sentiment.
A handful of Bitcoin analysts now believe BTC price is headed below $50,000, exploring why a further drop might precede a parabolic run.
CoinShares analyst James Butterfill said a βtrue correctionβ was now underway amid significant outflows from U.S. spot Bitcoin ETFs last week.
-Institutional and Legal Developments
Defunct Bitcoin exchange Mt. Gox announced it will finally begin distributing assets stolen in its 2014 hack to victims starting in July 2024.
Riot Platforms said it is abandoning its Bitfarms acquisition bid until a new board is constituted, calling for a shareholder meeting to oust Bitfarms' founder from the board.
-Market Manipulations and Challenges
$58 billion in token unlocks is impacting altcoin prices, sparking potential bear market concerns with significant market dynamics influenced by major token releases.
One formula indicates that up to 78% of new token listings since April 2024 have been conducted badly, raising concerns about market manipulation in crypto listings.
-Sector Interest and Growth
The Bitcoin Mining sector is attracting growing investor interest, especially following the Core Scientific deal, with companies like Iris Energy well-positioned to take advantage of high-performance computing and AI opportunities.
-Political and Promotional Events
Former President Donald Trump is in talks to speak at crypto conference Bitcoin 2024, according to Axios, which could coincide with his debate with President Joe Biden, where crypto could be discussed.
#GoMining #MarketNews
β€15π10π9π₯7β‘2π2
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π
GM, GoMining Community! π Wishing you a productive and profitable day ahead! π
#GoMining #GM
#GoMining #GM
π18π15π9β€8π₯6π€1π³1
Crypto World Highlights for June 26th
-Market Volatility and Sentiment
BTC's dominance tanked Monday as news of Mt. Gox repayments bolstered concerns of supply overhang entering the market, marking the most significant drop in five months.
Market sentiment turns cautious as the Fear and Greed Index falls to 30, the lowest since January 2023, amid ongoing market volatility.
BTCβs price recovers from seven-week lows, but its rebound runs into the headwinds of a strong US dollar.
-Institutional Adoption and Payments Integration
Nu's 100 million customers will now be able to transact using the Bitcoin Lightning Network, marking a significant step for Latin America's largest fintech bank.
The German government transferred millions in seized Bitcoin to exchanges Kraken and Coinbase, which could signal plans to sell and potentially pressure Bitcoin prices downward.
Rep. Matt Gaetz introduces a bill requiring the IRS to accept bitcoin as payment for federal income taxes, indicating a push towards modernizing the tax system.
-Regulatory Developments and Legal Proceedings
SEC Chair Gary Gensler said the process for launching a spot Ethereum ETF is βgoing smoothlyβ, though he remained non-committal on the timing.
Expected to plead guilty to conspiring to disclose classified US documents, Julian Assange's release marks a potential end to his prolonged legal battle.
-Exchange Dynamics and Financial Instruments
Bybit strengthens its position in the derivatives market amid Binance's regulatory hurdles, surpassing Coinbase to become the second-largest crypto exchange by volume.
Roughly $1.1 billion has left US spot funds since June 13 as BTC price is down more than 10% in the past month, marking the seventh straight day of outflows and tying a record.
-Market Concerns and Speculations
The defunct crypto exchangeβs trustees said Monday they are preparing to start distributing bitcoin (BTC) stolen from clients in a 2014 hack in the first week of July, but traders say redemption fears are 'overblown'.
#GoMining #MarketNews
-Market Volatility and Sentiment
BTC's dominance tanked Monday as news of Mt. Gox repayments bolstered concerns of supply overhang entering the market, marking the most significant drop in five months.
Market sentiment turns cautious as the Fear and Greed Index falls to 30, the lowest since January 2023, amid ongoing market volatility.
BTCβs price recovers from seven-week lows, but its rebound runs into the headwinds of a strong US dollar.
-Institutional Adoption and Payments Integration
Nu's 100 million customers will now be able to transact using the Bitcoin Lightning Network, marking a significant step for Latin America's largest fintech bank.
The German government transferred millions in seized Bitcoin to exchanges Kraken and Coinbase, which could signal plans to sell and potentially pressure Bitcoin prices downward.
Rep. Matt Gaetz introduces a bill requiring the IRS to accept bitcoin as payment for federal income taxes, indicating a push towards modernizing the tax system.
-Regulatory Developments and Legal Proceedings
SEC Chair Gary Gensler said the process for launching a spot Ethereum ETF is βgoing smoothlyβ, though he remained non-committal on the timing.
Expected to plead guilty to conspiring to disclose classified US documents, Julian Assange's release marks a potential end to his prolonged legal battle.
-Exchange Dynamics and Financial Instruments
Bybit strengthens its position in the derivatives market amid Binance's regulatory hurdles, surpassing Coinbase to become the second-largest crypto exchange by volume.
Roughly $1.1 billion has left US spot funds since June 13 as BTC price is down more than 10% in the past month, marking the seventh straight day of outflows and tying a record.
-Market Concerns and Speculations
The defunct crypto exchangeβs trustees said Monday they are preparing to start distributing bitcoin (BTC) stolen from clients in a 2014 hack in the first week of July, but traders say redemption fears are 'overblown'.
#GoMining #MarketNews
β€16π10π5π₯5
Forwarded from GoMining News
Get insights and news from stories on our channel π±
A few months ago, Telegram made it possible to post stories. But we're still not there, let's fix that!πͺ
We need to know you're for it. Vote for more beautiful visuals on π Gomining News, and we'll make stories happen!π
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A few months ago, Telegram made it possible to post stories. But we're still not there, let's fix that!πͺ
We need to know you're for it. Vote for more beautiful visuals on π Gomining News, and we'll make stories happen!π
#Vote
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π22β€21π12π₯11
π GoMining Academy: Debunking Bitcoin Myths Part 2
Continuing our journey to dispel common myths about Bitcoin, let's dive into three more misconceptions and set the record straight.
π Myth 4: Bitcoin Lacks Real Value
Some argue that Bitcoin has no intrinsic value, seeing it as purely speculative. However, Bitcoinβs value comes from its decentralized nature, borderless functionality, limited supply, and resistance to censorship. These characteristics make it a valuable asset and potential store of value, increasingly recognized by both individuals and institutions.
π Myth 5: Bitcoin Is Only for Wealthy Investors
There is a belief that Bitcoin investment requires large sums of money, deterring average investors. In truth, Bitcoin is highly divisible, allowing people to buy even small fractions. This makes it accessible to investors of all budgets, with user-friendly exchanges simplifying the process.
π Myth 6: Bitcoin Is Just a Fad
Some think Bitcoin is a temporary trend driven by hype. However, its longevity of over a decade and increasing institutional adoption suggest otherwise. The continuous development of blockchain technology and integration into traditional finance indicate that Bitcoin has long-term staying power.
We'll continue debunking more myths in future posts. Let us know in the comments which other Bitcoin myths youβd like us to address next!
#GoMiningAcademy #Bitcoin
Continuing our journey to dispel common myths about Bitcoin, let's dive into three more misconceptions and set the record straight.
π Myth 4: Bitcoin Lacks Real Value
Some argue that Bitcoin has no intrinsic value, seeing it as purely speculative. However, Bitcoinβs value comes from its decentralized nature, borderless functionality, limited supply, and resistance to censorship. These characteristics make it a valuable asset and potential store of value, increasingly recognized by both individuals and institutions.
π Myth 5: Bitcoin Is Only for Wealthy Investors
There is a belief that Bitcoin investment requires large sums of money, deterring average investors. In truth, Bitcoin is highly divisible, allowing people to buy even small fractions. This makes it accessible to investors of all budgets, with user-friendly exchanges simplifying the process.
π Myth 6: Bitcoin Is Just a Fad
Some think Bitcoin is a temporary trend driven by hype. However, its longevity of over a decade and increasing institutional adoption suggest otherwise. The continuous development of blockchain technology and integration into traditional finance indicate that Bitcoin has long-term staying power.
We'll continue debunking more myths in future posts. Let us know in the comments which other Bitcoin myths youβd like us to address next!
#GoMiningAcademy #Bitcoin
β€11π₯11π6π4
Crypto World Highlights for June 27th
-Market Volatility and Corrections
As Friday's quarterly options expiry approaches, Bitcoin derivatives brace for heightened volatility, driven by the phenomenon of a "quadruple witching."
Bitcoin's latest correction highlights cyclic market health adjustments, enduring its sixth major correction since the FTX collapse, dropping nearly 20%.
-Regulatory Movements and ETF Developments
The SEC may approve spot Ethereum ETFs by July 4, according to Reuters, with BlackRock, Fidelity, and Franklin Templeton among the asset managers involved.
The EU's stablecoin activity could be adversely affected by the upcoming MiCA rules, which becomes partially applicable for crypto asset service providers at the end of this month.
-Significant Transactions and Crypto Usage
The U.S. government moved nearly 4,000 BTC worth $240 million to an exchange, reportedly part of the funds seized from drug trafficker Banmeet Singh.
A Bitcoiner has helped Julian Assange return home debt-free after 14 years of fighting against U.S. extradition, by paying $500K in BTC.
Yusef Mahmoud has been using Bitcoin to collect donations for civilians trapped in Gaza, demonstrating a practical use of Bitcoin in crisis situations.
-Security and Cyber Threats
Metallica's official X account was hacked, and exploiters posted about a Solana token dubbed METAL, highlighting security vulnerabilities in social media accounts.
No downtime was observed as a Cardano developer managed to thwart a DDoS attack targeting staked ADA, showcasing the resilience of Cardano's network.
-Cryptocurrency in the Global Spotlight
The U.S. State Department is offering a new $5M reward for information leading to the capture of the missing "Cryptoqueen," OneCoin founder Ruja Ignatova, who disappeared in 2017.
Worldcoin is teaming up with Alchemy to launch World Chain, aiming to integrate advanced blockchain infrastructure and expand into Europe with World ID orb verifications.
#GoMining #MarketNews
-Market Volatility and Corrections
As Friday's quarterly options expiry approaches, Bitcoin derivatives brace for heightened volatility, driven by the phenomenon of a "quadruple witching."
Bitcoin's latest correction highlights cyclic market health adjustments, enduring its sixth major correction since the FTX collapse, dropping nearly 20%.
-Regulatory Movements and ETF Developments
The SEC may approve spot Ethereum ETFs by July 4, according to Reuters, with BlackRock, Fidelity, and Franklin Templeton among the asset managers involved.
The EU's stablecoin activity could be adversely affected by the upcoming MiCA rules, which becomes partially applicable for crypto asset service providers at the end of this month.
-Significant Transactions and Crypto Usage
The U.S. government moved nearly 4,000 BTC worth $240 million to an exchange, reportedly part of the funds seized from drug trafficker Banmeet Singh.
A Bitcoiner has helped Julian Assange return home debt-free after 14 years of fighting against U.S. extradition, by paying $500K in BTC.
Yusef Mahmoud has been using Bitcoin to collect donations for civilians trapped in Gaza, demonstrating a practical use of Bitcoin in crisis situations.
-Security and Cyber Threats
Metallica's official X account was hacked, and exploiters posted about a Solana token dubbed METAL, highlighting security vulnerabilities in social media accounts.
No downtime was observed as a Cardano developer managed to thwart a DDoS attack targeting staked ADA, showcasing the resilience of Cardano's network.
-Cryptocurrency in the Global Spotlight
The U.S. State Department is offering a new $5M reward for information leading to the capture of the missing "Cryptoqueen," OneCoin founder Ruja Ignatova, who disappeared in 2017.
Worldcoin is teaming up with Alchemy to launch World Chain, aiming to integrate advanced blockchain infrastructure and expand into Europe with World ID orb verifications.
#GoMining #MarketNews
β€22π13π₯6π6
π #MiningTrends: Investor Interest in Bitcoin Mining Surges Post Core Scientific Deal
Investor interest in the bitcoin mining sector has surged following Core Scientific's groundbreaking deal with AI company CoreWeave. This move signals a transformative shift, highlighting the expanding potential for mining facilities and the critical value of energy access.
π Core Scientific's 200 MW deal with CoreWeave aims to integrate artificial intelligence into mining operations, optimizing the use of computational resources for high-performance computing (HPC). This innovative approach not only diversifies the applications of mining infrastructure but also enhances energy efficiency, addressing one of the industry's most pressing challenges.
π± These developments underscore the potential for sustainable and profitable mining practices. As the industry continues to evolve, the adoption of HPC and AI technologies marks a new era of innovation and efficiency in bitcoin mining.
π According to JPMorgan, the total market capitalization of 14 bitcoin miners has increased by 22%, or $4 billion, since the announcement. This significant growth contrasts with a 7% decline in bitcoin's value, demonstrating the strong investor confidence in mining stocks amid these technological advancements.
π For those eager to explore bitcoin mining with a sustainable edge, GoMining offers an accessible entry point through NFTs that leverage real mining power. Discover more and start your mining journey at π gomining.com
#GoMining #CryptoNews #BitcoinMining #Blockchain #SustainableMining
Investor interest in the bitcoin mining sector has surged following Core Scientific's groundbreaking deal with AI company CoreWeave. This move signals a transformative shift, highlighting the expanding potential for mining facilities and the critical value of energy access.
π Core Scientific's 200 MW deal with CoreWeave aims to integrate artificial intelligence into mining operations, optimizing the use of computational resources for high-performance computing (HPC). This innovative approach not only diversifies the applications of mining infrastructure but also enhances energy efficiency, addressing one of the industry's most pressing challenges.
π± These developments underscore the potential for sustainable and profitable mining practices. As the industry continues to evolve, the adoption of HPC and AI technologies marks a new era of innovation and efficiency in bitcoin mining.
π According to JPMorgan, the total market capitalization of 14 bitcoin miners has increased by 22%, or $4 billion, since the announcement. This significant growth contrasts with a 7% decline in bitcoin's value, demonstrating the strong investor confidence in mining stocks amid these technological advancements.
π For those eager to explore bitcoin mining with a sustainable edge, GoMining offers an accessible entry point through NFTs that leverage real mining power. Discover more and start your mining journey at π gomining.com
#GoMining #CryptoNews #BitcoinMining #Blockchain #SustainableMining
β€13π11π5π₯3β‘2
Crypto World Highlights for June 28th
-Market Trends and Volatility
Bitcoin bulls seek a more convincing BTC price rebound as ask liquidity sits piled high between spot and $70,000, with hopes for a liquidity snatch as BTC returns to $62K.
Lower leverage ratios in Bitcoin futures reflect market caution and potential stabilization, indicating a market deleverage phase.
PoliFi Tokens and BTC are under pressure ahead of the Biden-Trump debate, with crypto-friendly Republican candidate Trump's performance being closely watched.
If most of the liquidations by Mt. Gox creditors occur next month, crypto markets are expected to sell off in July and then rebound in August, according to a JPMorgan report.
-Regulatory and Legal Battles
Coinbase opens up its third separate legal battle with the SEC, suing the latter and the FDIC over blocked info requests.
VanEck files for the first Solana ETF in the U.S., seeking to attract institutional investors and provide exposure to Solana.
The SEC may approve spot Ethereum ETFs by July 4, with anticipation building in the industry.
-Security and Hacks
Crypto losses stemming from hacks and rug pulls are up 112% year-over-year, with year-to-date losses up 24% compared to the previous year, according to Immunefi.
Marathon Digital has expanded into altcoin mining to diversify its revenue streams post-Bitcoin halving, deploying its first Kaspa miner in September and mining 93 million KAS worth around $15 million.
-Investment and Political Landscape
CleanSpark has acquired GRIID in a $155M stock transaction that is expected to add more than 400 megawatts to the company's power grid over two years.
Just 41 U.S. politicians are now "strongly against" crypto, with 310 being "strongly supportive"; Republicans have a higher number of pro-crypto candidates.
If spot ETFs for proof-of-stake chains launch without staking provisions, it could undermine the security and decentralization of networks like Ethereum and Solana, due to SEC requirements.
#GoMining #MarketNews
-Market Trends and Volatility
Bitcoin bulls seek a more convincing BTC price rebound as ask liquidity sits piled high between spot and $70,000, with hopes for a liquidity snatch as BTC returns to $62K.
Lower leverage ratios in Bitcoin futures reflect market caution and potential stabilization, indicating a market deleverage phase.
PoliFi Tokens and BTC are under pressure ahead of the Biden-Trump debate, with crypto-friendly Republican candidate Trump's performance being closely watched.
If most of the liquidations by Mt. Gox creditors occur next month, crypto markets are expected to sell off in July and then rebound in August, according to a JPMorgan report.
-Regulatory and Legal Battles
Coinbase opens up its third separate legal battle with the SEC, suing the latter and the FDIC over blocked info requests.
VanEck files for the first Solana ETF in the U.S., seeking to attract institutional investors and provide exposure to Solana.
The SEC may approve spot Ethereum ETFs by July 4, with anticipation building in the industry.
-Security and Hacks
Crypto losses stemming from hacks and rug pulls are up 112% year-over-year, with year-to-date losses up 24% compared to the previous year, according to Immunefi.
Marathon Digital has expanded into altcoin mining to diversify its revenue streams post-Bitcoin halving, deploying its first Kaspa miner in September and mining 93 million KAS worth around $15 million.
-Investment and Political Landscape
CleanSpark has acquired GRIID in a $155M stock transaction that is expected to add more than 400 megawatts to the company's power grid over two years.
Just 41 U.S. politicians are now "strongly against" crypto, with 310 being "strongly supportive"; Republicans have a higher number of pro-crypto candidates.
If spot ETFs for proof-of-stake chains launch without staking provisions, it could undermine the security and decentralization of networks like Ethereum and Solana, due to SEC requirements.
#GoMining #MarketNews
β€24π14π₯11π10π³2
Forwarded from Bitcoin.com News
The Bitcoin mining industry has come a long way since the days when block rewards were 25 or even 50 BTC, and individuals had a high chance of success using just a single PC to solve blockchain βpuzzles.β Today, the competition to mine the next block is intense, with large mining enterprises predominantly dominating the [β¦]
https://news.bitcoin.com/how-bitcoin-mining-is-becoming-a-sustainable-hub-for-btc-adoption-gomining-ecosystem-outlook/
https://news.bitcoin.com/how-bitcoin-mining-is-becoming-a-sustainable-hub-for-btc-adoption-gomining-ecosystem-outlook/
Bitcoin News
How Bitcoin Mining is Becoming a Sustainable Hub for BTC Adoption: GoMining Ecosystem Outlook β Branded Spotlight Bitcoin News
The Bitcoin mining industry has come a long way since the days when block rewards were 25 or even 50 BTC, and individuals had a high chance of success
π₯12β€11π5π5
π GoMarket Weekly #16 π
Don't miss the latest edition of GoMarket Weekly, where crypto analyst Mike Ermolaev dives into the whirlwind of recent cryptocurrency developments. Whether it's Bitcoin's price fluctuations, Ethereum's standing, or insights into mining activities β you'll find comprehensive coverage right here.
πBitcoin Price and Sentiment Are Downπ
Bitcoin experienced a decline this week, with prices ranging from $64K to $59K and the Crypto Fear and Greed Index plummeting from 63 to 47, signaling a shift in market sentiment. Is fear gripping the market?
πEthereum's DeFi Dominance and ETF Progressπ
Ethereum traded between roughly $3,200 and $3,500. It remains dominant in DeFi, holding around 60% of the sector. SEC Chair Gary Gensler stated that Ethereum ETF approvals are "going smoothly," with VanEck submitting a Form 8-A for its Ethereum ETF. Could this be the catalyst for Ethereum's next big move?
βοΈMarket Challenges and Regulatory ImpactβοΈ
Market impacted by weak Bitcoin ETF interest, Fed policy uncertainty, and a 42% drop in large transactions.
Significant Bitcoin transfers by the German Federal Criminal Police Office (BKA) and the U.S. government added pressure. High-profile deals sending shockwaves through the market?
Upcoming Mt. Gox repayments could increase volatility. The question now is what this means for the overall stability of Bitcoin prices - will we see wild swings in the coming days?
π Ripple CEO Lashes Out at SECπ
Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler's statements at the Bloomberg summit, calling them "absolute nonsense." Could Gensler's policies impact Joe Biden's chances in the upcoming elections? Garlinghouse suggests so, highlighting Gensler's missteps with FTX and Binance.
βοΈBitcoin Minersβ Resilience βοΈ
Glassnode and Blockware analysts highlight that Bitcoin miners are managing to operate effectively despite some stress. There's hope on the horizon for mining as this latest indication suggests a powerful capacity for recovery.
π‘ Bitcoin Tax Legislationπ‘
Congressman Matt Gaetz proposed a bill to allow federal income tax payments using Bitcoin, inspired by El Salvador's policy. Is the U.S. ready for Bitcoin tax payments?
π Stay Informed π
The next chapter of crypto is being written β what will the BTC future look like? Is Ethereum on the cusp of a major power surge now that an ETF is looming on the horizon?
Can Bitcoin miners find a way out of their current squeeze? Read the full version of the analysis now to get deeper insights!
Canvassing the crypto landscape, GoMarket Weekly tunes in to the whispers of the market, transforming the noise into clarity for you.
π Donβt miss out on these crucial updates in the crypto worldβread the full analysis now! π
#GoMining #NFT #GoMarket #MarketReview
Don't miss the latest edition of GoMarket Weekly, where crypto analyst Mike Ermolaev dives into the whirlwind of recent cryptocurrency developments. Whether it's Bitcoin's price fluctuations, Ethereum's standing, or insights into mining activities β you'll find comprehensive coverage right here.
πBitcoin Price and Sentiment Are Downπ
Bitcoin experienced a decline this week, with prices ranging from $64K to $59K and the Crypto Fear and Greed Index plummeting from 63 to 47, signaling a shift in market sentiment. Is fear gripping the market?
πEthereum's DeFi Dominance and ETF Progressπ
Ethereum traded between roughly $3,200 and $3,500. It remains dominant in DeFi, holding around 60% of the sector. SEC Chair Gary Gensler stated that Ethereum ETF approvals are "going smoothly," with VanEck submitting a Form 8-A for its Ethereum ETF. Could this be the catalyst for Ethereum's next big move?
βοΈMarket Challenges and Regulatory ImpactβοΈ
Market impacted by weak Bitcoin ETF interest, Fed policy uncertainty, and a 42% drop in large transactions.
Significant Bitcoin transfers by the German Federal Criminal Police Office (BKA) and the U.S. government added pressure. High-profile deals sending shockwaves through the market?
Upcoming Mt. Gox repayments could increase volatility. The question now is what this means for the overall stability of Bitcoin prices - will we see wild swings in the coming days?
π Ripple CEO Lashes Out at SECπ
Ripple CEO Brad Garlinghouse criticized SEC Chair Gary Gensler's statements at the Bloomberg summit, calling them "absolute nonsense." Could Gensler's policies impact Joe Biden's chances in the upcoming elections? Garlinghouse suggests so, highlighting Gensler's missteps with FTX and Binance.
βοΈBitcoin Minersβ Resilience βοΈ
Glassnode and Blockware analysts highlight that Bitcoin miners are managing to operate effectively despite some stress. There's hope on the horizon for mining as this latest indication suggests a powerful capacity for recovery.
π‘ Bitcoin Tax Legislationπ‘
Congressman Matt Gaetz proposed a bill to allow federal income tax payments using Bitcoin, inspired by El Salvador's policy. Is the U.S. ready for Bitcoin tax payments?
π Stay Informed π
The next chapter of crypto is being written β what will the BTC future look like? Is Ethereum on the cusp of a major power surge now that an ETF is looming on the horizon?
Can Bitcoin miners find a way out of their current squeeze? Read the full version of the analysis now to get deeper insights!
Canvassing the crypto landscape, GoMarket Weekly tunes in to the whispers of the market, transforming the noise into clarity for you.
π Donβt miss out on these crucial updates in the crypto worldβread the full analysis now! π
#GoMining #NFT #GoMarket #MarketReview
π29π₯20β€15π8π―1
How Do You Use Your Mining Rewards?π
Anonymous Poll
49%
Reinvestπ
51%
HODLππ
10%
Sellπ€¨
5%
Commentπ¬
π21π₯12β€10π7β‘6πΎ3
π’β¨ Announcement: Community Call With Mark Zalan β¨π’
Join us today, July 1st, at 3 p.m. CET for an exciting Community Call with Mark Zalan! π
This is your opportunity to gain insights directly from Mark and engage with the GoMining community. We value your questions and input, so we're offering a special reward: the top 5 questions will each receive $20 in GOMINING tokens (total prize pool of $100)! π°π
π Submit your questions π
π Twitter Space Link (Part I and Part II) π¬
Don't miss this chance to participate and potentially win some tokens. The link for the Community Call will be shared soonπ
We look forward to seeing you there! Stay tuned! π
#GoMining #NFT #CommunityCall
Join us today, July 1st, at 3 p.m. CET for an exciting Community Call with Mark Zalan! π
This is your opportunity to gain insights directly from Mark and engage with the GoMining community. We value your questions and input, so we're offering a special reward: the top 5 questions will each receive $20 in GOMINING tokens (total prize pool of $100)! π°π
π Submit your questions π
π Twitter Space Link (Part I and Part II) π¬
Don't miss this chance to participate and potentially win some tokens. The link for the Community Call will be shared soonπ
We look forward to seeing you there! Stay tuned! π
#GoMining #NFT #CommunityCall
π20β€11π₯7π2
Crypto World Highlights for July 1st
-Halving Effects and Market Performance
Two months after Bitcoin's halving, there have been no inflows for Bitcoin ETFs and the Federal Reserve maintains its inflation target, affecting the cryptocurrency's valuation.
Bitcoin price action gets interesting as it sees a return to $61.5K during a triple candle close, signaling potential volatility ahead of Bitcoin's weekly, monthly, and quarterly close.
Historically, June has been a bearish month for Bitcoin, but there is optimism that July might end on a positive note, potentially repeating historical patterns.
-Potential Challenges for Bitcoin in July
Three factors could spoil a potentially bullish July for Bitcoin, including Mt. Gox repayments that might lead to a "bull pennant" breakdown on the charts.
Bitcoin's weekend trading volumes have hit all-time lows following the adoption of spot Bitcoin ETFs, which also brought a period of low volatility, impacting several critical blockchain metrics.
-Miner Challenges and Innovations
Bitcoin miners are facing significant challenges, with economic pressures similar to those seen during the FTX exchange collapse in 2022, leading many to shut down operations or diversify.
Bitcoin Runes transactions tanked over 88% in June, with miners earning significantly less from these transactions compared to earlier in the year.
-Regulatory Updates and Global Responses
Europe's MiCA regulatory framework is finally here, prompting discussions on how the U.S. will respond to maintain its leadership in financial services regulation and innovation.
Bolivia has lifted its ban on Bitcoin, authorizing crypto transactions via banks and marking a significant shift in regulatory stance since 2014.
-Corporate and Community Impact
Yield App has suspended all platform activity and entered liquidation proceedings, citing impacts from the FTX collapse and signaling broader repercussions within the crypto community.
#GoMining #MarketNews
-Halving Effects and Market Performance
Two months after Bitcoin's halving, there have been no inflows for Bitcoin ETFs and the Federal Reserve maintains its inflation target, affecting the cryptocurrency's valuation.
Bitcoin price action gets interesting as it sees a return to $61.5K during a triple candle close, signaling potential volatility ahead of Bitcoin's weekly, monthly, and quarterly close.
Historically, June has been a bearish month for Bitcoin, but there is optimism that July might end on a positive note, potentially repeating historical patterns.
-Potential Challenges for Bitcoin in July
Three factors could spoil a potentially bullish July for Bitcoin, including Mt. Gox repayments that might lead to a "bull pennant" breakdown on the charts.
Bitcoin's weekend trading volumes have hit all-time lows following the adoption of spot Bitcoin ETFs, which also brought a period of low volatility, impacting several critical blockchain metrics.
-Miner Challenges and Innovations
Bitcoin miners are facing significant challenges, with economic pressures similar to those seen during the FTX exchange collapse in 2022, leading many to shut down operations or diversify.
Bitcoin Runes transactions tanked over 88% in June, with miners earning significantly less from these transactions compared to earlier in the year.
-Regulatory Updates and Global Responses
Europe's MiCA regulatory framework is finally here, prompting discussions on how the U.S. will respond to maintain its leadership in financial services regulation and innovation.
Bolivia has lifted its ban on Bitcoin, authorizing crypto transactions via banks and marking a significant shift in regulatory stance since 2014.
-Corporate and Community Impact
Yield App has suspended all platform activity and entered liquidation proceedings, citing impacts from the FTX collapse and signaling broader repercussions within the crypto community.
#GoMining #MarketNews
π17β€11π₯10π8
Best analysis and insights (June 24-30)
π Experts expressed optimism about Bitcoin layers and covenant technology driving future growth, enhancing Bitcoin's scalability and functionality.
π Permission-based repo ledgers, using private blockchains, handle over $1.5T in securities financing a month, showcasing successful applications of blockchain technology.
π A look at the different Bitcoin L2s beyond the Lightning Network reveals diverse possibilities for enhancing Bitcoin's scalability and utility.
π The Right/Left divide could hinder Bitcoin adoption in the U.S., as polarization and politicking at Bitcoin's expense may worsen before improving.
π Bitcoin isn't inherently political, and its potential shouldn't be overshadowed by political maneuvering, advocating for a neutral stance towards its technological promise.
π The SEC's comments have delayed the launch of spot Ether ETFs, requesting resubmissions by July 8, potentially delaying launches until mid-to-late July.
π The SEC's lawsuit against Consensys over the MetaMask wallet has sparked debate, with some experts arguing the agency may have a weak case.
π The IRS has finalized regulations for crypto brokers, focusing on enhanced reporting systems without extending to decentralized exchanges or self-custodial wallets.
π Solana's performance issues continue, with over 150 hours of downtime reported over the last three years, affecting its reliability despite its low-cost and fast transaction capabilities.
π The Asia-Pacific market is heating up for Bitcoin and Ethereum ETFs, with multiple launches in Hong Kong and Australia indicating a growing interest.
π The Hamster Kombat token launch has created a significant buzz in the play-to-earn crypto sector, raising questions about marketing tactics and the game's social dynamics.
π The debate around Hamster Kombat's marketing strategies raises intriguing questions about the intersection of growth hacking, play-to-earn gaming, and universal basic income.
π Will Ethereum NFTs make a comeback? Blur and OpenSea have driven Ethereum gas consumption peaks since the start of 2024, suggesting potential resurgence in NFT activities.
#GoMining #Analysis
π Experts expressed optimism about Bitcoin layers and covenant technology driving future growth, enhancing Bitcoin's scalability and functionality.
π Permission-based repo ledgers, using private blockchains, handle over $1.5T in securities financing a month, showcasing successful applications of blockchain technology.
π A look at the different Bitcoin L2s beyond the Lightning Network reveals diverse possibilities for enhancing Bitcoin's scalability and utility.
π The Right/Left divide could hinder Bitcoin adoption in the U.S., as polarization and politicking at Bitcoin's expense may worsen before improving.
π Bitcoin isn't inherently political, and its potential shouldn't be overshadowed by political maneuvering, advocating for a neutral stance towards its technological promise.
π The SEC's comments have delayed the launch of spot Ether ETFs, requesting resubmissions by July 8, potentially delaying launches until mid-to-late July.
π The SEC's lawsuit against Consensys over the MetaMask wallet has sparked debate, with some experts arguing the agency may have a weak case.
π The IRS has finalized regulations for crypto brokers, focusing on enhanced reporting systems without extending to decentralized exchanges or self-custodial wallets.
π Solana's performance issues continue, with over 150 hours of downtime reported over the last three years, affecting its reliability despite its low-cost and fast transaction capabilities.
π The Asia-Pacific market is heating up for Bitcoin and Ethereum ETFs, with multiple launches in Hong Kong and Australia indicating a growing interest.
π The Hamster Kombat token launch has created a significant buzz in the play-to-earn crypto sector, raising questions about marketing tactics and the game's social dynamics.
π The debate around Hamster Kombat's marketing strategies raises intriguing questions about the intersection of growth hacking, play-to-earn gaming, and universal basic income.
π Will Ethereum NFTs make a comeback? Blur and OpenSea have driven Ethereum gas consumption peaks since the start of 2024, suggesting potential resurgence in NFT activities.
#GoMining #Analysis
π22β€10π₯9π8
TON network 5% cashback promotion!
Hey there! π
Have you heard the news? GOMINING tokens are now available on the TON network!π
20,000,000 GOMINING tokens on the ETH (ERC-20) network have been burned to be issued on the TON network π
This not only provides more flexibility and opportunities within the blockchain ecosystem, but it marks another step in our journey to making mining accessible to all.π
To celebrate the occasion, weβre offering a special 5% cashback treat! π₯³
Exclusive for TON Users! ππ
ποΈ Duration: From July 1st at 12:00 UTC until July 8th 12:00 UTC.
π Eligibility: Spend GOMINING tokens on the TON network by creating and upgrading miners in the βCreate Minerβ section.
π° Cashback rewards: At the end of the promo period, the cashback will be calculated and paid as a fixed amount in GOMINING tokens to your virtual wallet.
Bonus! One winner will receive a GoMiner PFP at the end of the promo!
πHow to Buy GOMINING on TON:
Link your TON Wallet if you havenβt done so yet. Hereβs a guide on π how to add a TON wallet π
Buy your GOMINING on TON. You can buy GOMINING on TON using Crypto or Credit Card payments π here π
βοΈIMPORTANT! Choose your TON wallet address as a recipient address.
How to Take Part:
πMake your choice: Select the NFT or upgrade you want to purchase.
πChoose your payment method: Select βBy cryptoβ and then choose βGOMINING.β
πProceed to payment: Click βPayβ to be redirected to the payment gateway.
πSelect network: Choose the TON network.
πComplete payment: Follow the prompts to pay for your purchase.
Thatβs it! Congratulations, youβve been entered into the promotion!π
βοΈNote! The cashback is only valid for purchases made in the βCreate Minerβ section and does not apply to the secondary market and electricity payments.
At GoMining, we take pride in our strong partnerships and continuous efforts to enhance user experience. This collaboration with the TON network shows our dedication to innovation and growth, offering you more opportunities to maximize your GOMINING tokens π
#GoMining #NFT #TON
Hey there! π
Have you heard the news? GOMINING tokens are now available on the TON network!π
20,000,000 GOMINING tokens on the ETH (ERC-20) network have been burned to be issued on the TON network π
This not only provides more flexibility and opportunities within the blockchain ecosystem, but it marks another step in our journey to making mining accessible to all.π
To celebrate the occasion, weβre offering a special 5% cashback treat! π₯³
Exclusive for TON Users! ππ
ποΈ Duration: From July 1st at 12:00 UTC until July 8th 12:00 UTC.
π Eligibility: Spend GOMINING tokens on the TON network by creating and upgrading miners in the βCreate Minerβ section.
π° Cashback rewards: At the end of the promo period, the cashback will be calculated and paid as a fixed amount in GOMINING tokens to your virtual wallet.
Bonus! One winner will receive a GoMiner PFP at the end of the promo!
πHow to Buy GOMINING on TON:
Link your TON Wallet if you havenβt done so yet. Hereβs a guide on π how to add a TON wallet π
Buy your GOMINING on TON. You can buy GOMINING on TON using Crypto or Credit Card payments π here π
βοΈIMPORTANT! Choose your TON wallet address as a recipient address.
How to Take Part:
πMake your choice: Select the NFT or upgrade you want to purchase.
πChoose your payment method: Select βBy cryptoβ and then choose βGOMINING.β
πProceed to payment: Click βPayβ to be redirected to the payment gateway.
πSelect network: Choose the TON network.
πComplete payment: Follow the prompts to pay for your purchase.
Thatβs it! Congratulations, youβve been entered into the promotion!π
βοΈNote! The cashback is only valid for purchases made in the βCreate Minerβ section and does not apply to the secondary market and electricity payments.
At GoMining, we take pride in our strong partnerships and continuous efforts to enhance user experience. This collaboration with the TON network shows our dedication to innovation and growth, offering you more opportunities to maximize your GOMINING tokens π
#GoMining #NFT #TON
π₯13β€12π12π9β€βπ₯7πΎ2