π A huge congratulations to ACE2000 π³π±, the latest winner in our weekly raffle!
π You've earned an exclusive access key to our premium GoMiners Avatars, ready to elevate your mining game. Enhance your setup with these top-tier avatars for unmatched performance.
π Want to boost your mining efficiency? Hereβs how you can join the raffle:
1) Havenβt got an NFT yet? Nowβs the perfect time to get started;
2) Upgrade your digital miner with a minimum of $10 to enhance power and efficiency.
π‘ Every $10 invested in upgrades not only fine-tunes your mining capabilities but also increases your chances of winning. This week's winner, ACE2000 π³π±, had a winning probability of just 0.061%, showing that anyone can win.
π Mark your calendars: The next draw will conclude on June 25th. Keep enhancing your setup to boost your chances.
π Best of luck to everyone in the next draw!
#GoMining #NFT #WeeklyRaffle
π You've earned an exclusive access key to our premium GoMiners Avatars, ready to elevate your mining game. Enhance your setup with these top-tier avatars for unmatched performance.
π Want to boost your mining efficiency? Hereβs how you can join the raffle:
1) Havenβt got an NFT yet? Nowβs the perfect time to get started;
2) Upgrade your digital miner with a minimum of $10 to enhance power and efficiency.
π‘ Every $10 invested in upgrades not only fine-tunes your mining capabilities but also increases your chances of winning. This week's winner, ACE2000 π³π±, had a winning probability of just 0.061%, showing that anyone can win.
π Mark your calendars: The next draw will conclude on June 25th. Keep enhancing your setup to boost your chances.
π Best of luck to everyone in the next draw!
#GoMining #NFT #WeeklyRaffle
π Wrapping up the 43rd Burn & Mint Cycle!
π₯ 2,442,332 GOMINING tokens were burned;
π¨ 2,027,135 GOMINING tokens have since been minted.
They were allocated as follows:
β‘οΈ 1,317,638 to the Service Provider;
π 405,427 to the owners of veGOMINING votes;
πͺ 202,714 to GoMining Rewards;
π₯ 101,357 to the GoMining team.
The voting results for the 44th cycle are:
π Extra Solo mining discount is 2.49%;
π Pool mining multiplier is 1.01Ρ ;
π The Greedy Machines power has increased by 0.17% for each NFT sold from this collection.
π Claim Your Weekly Gains!
Make sure your GOMINING tokens are securely locked on the veGOMINING - My Lock page to start receiving consistent rewards.
π€ Boost Your Savings:
Utilize your GOMINING tokens for NFT maintenance to benefit from a 10% reduction in electricity costs and amplify your weekly rewards!
Learn how to make the most of these benefits here π https://help.nft.gomining.com/instructions/how-to-get-a-maintenance-discount
#GoMining #NFT #BurnMint
π₯ 2,442,332 GOMINING tokens were burned;
π¨ 2,027,135 GOMINING tokens have since been minted.
They were allocated as follows:
β‘οΈ 1,317,638 to the Service Provider;
π 405,427 to the owners of veGOMINING votes;
πͺ 202,714 to GoMining Rewards;
π₯ 101,357 to the GoMining team.
The voting results for the 44th cycle are:
π Extra Solo mining discount is 2.49%;
π Pool mining multiplier is 1.01Ρ ;
π The Greedy Machines power has increased by 0.17% for each NFT sold from this collection.
π Claim Your Weekly Gains!
Make sure your GOMINING tokens are securely locked on the veGOMINING - My Lock page to start receiving consistent rewards.
π€ Boost Your Savings:
Utilize your GOMINING tokens for NFT maintenance to benefit from a 10% reduction in electricity costs and amplify your weekly rewards!
Learn how to make the most of these benefits here π https://help.nft.gomining.com/instructions/how-to-get-a-maintenance-discount
#GoMining #NFT #BurnMint
Crypto World Highlights for June 19th
-Bitcoin Market Dynamics and Trader Sentiment
Why are top Bitcoin traders bullish despite BTC price dip to $64.3K? Bitcoin whales and miners remain cautiously optimistic, strengthening the bullish case for $64,300 support.
Bitcoinβs volatility hits new lows during prolonged market consolidation. Bitcoin's realized volatility has dropped to 30% from its March high, highlighting market stability.
Bitcoin falls below key support level, potentially triggering 8%-12% correction: CryptoQuant. Bitcoin has fallen through a key price support that could signal an 8%-12% correction, potentially leading the price to decline towards $60,000.
Bitcoin hits one-month low as altcoin sell-off triggers $455 million crypto liquidation. Altcoin crashes and significant ETF outflows have driven Bitcoin's price down.
-Corporate Moves and Institutional Interest
CleanSpark buys bitcoin mining facilities in $25.6 million deal. CleanSpark has purchased five turnkey bitcoin mining facilities, with a combined operating hashrate anticipated to exceed 3.7 EH/s.
Hashdex proposes new ETF that would own both spot Ethereum and Bitcoin. Nasdaq posted the proposal via Form 19b-4 for the Hashdex Nasdaq Crypto Index US ETF, which would own both spot bitcoin and ether.
Bitcoin and Ether can βgreatly improveβ portfolio performance: BBVA. Bitcoinβs price has outperformed the S&P 500 by more than threefold in 2024.
-Regulatory Developments and Compliance Issues
President Biden's move to nominate two CFTC commissioners to other roles could shake up crypto policy at regulator: TD Cowen. President Joe Bidenβs nominations could impact the regulatory landscape for crypto.
Two former Chinese bank executives allegedly laundered $248 million through crypto: report. A local Chinese bank uncovered an alleged embezzlement and money laundering scheme involving its two former executives.
-Technology and Security Updates
MetaMask privacy updates: What users should know. MetaMaskβs new privacy features and updates allow users to configure their wallets according to their privacy preferences.
Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves. Hashrate for the Bitcoin network typically flattens or declines during North American summer time, industry experts say.
#GoMining #MarketNews
-Bitcoin Market Dynamics and Trader Sentiment
Why are top Bitcoin traders bullish despite BTC price dip to $64.3K? Bitcoin whales and miners remain cautiously optimistic, strengthening the bullish case for $64,300 support.
Bitcoinβs volatility hits new lows during prolonged market consolidation. Bitcoin's realized volatility has dropped to 30% from its March high, highlighting market stability.
Bitcoin falls below key support level, potentially triggering 8%-12% correction: CryptoQuant. Bitcoin has fallen through a key price support that could signal an 8%-12% correction, potentially leading the price to decline towards $60,000.
Bitcoin hits one-month low as altcoin sell-off triggers $455 million crypto liquidation. Altcoin crashes and significant ETF outflows have driven Bitcoin's price down.
-Corporate Moves and Institutional Interest
CleanSpark buys bitcoin mining facilities in $25.6 million deal. CleanSpark has purchased five turnkey bitcoin mining facilities, with a combined operating hashrate anticipated to exceed 3.7 EH/s.
Hashdex proposes new ETF that would own both spot Ethereum and Bitcoin. Nasdaq posted the proposal via Form 19b-4 for the Hashdex Nasdaq Crypto Index US ETF, which would own both spot bitcoin and ether.
Bitcoin and Ether can βgreatly improveβ portfolio performance: BBVA. Bitcoinβs price has outperformed the S&P 500 by more than threefold in 2024.
-Regulatory Developments and Compliance Issues
President Biden's move to nominate two CFTC commissioners to other roles could shake up crypto policy at regulator: TD Cowen. President Joe Bidenβs nominations could impact the regulatory landscape for crypto.
Two former Chinese bank executives allegedly laundered $248 million through crypto: report. A local Chinese bank uncovered an alleged embezzlement and money laundering scheme involving its two former executives.
-Technology and Security Updates
MetaMask privacy updates: What users should know. MetaMaskβs new privacy features and updates allow users to configure their wallets according to their privacy preferences.
Bitcoin Hashrate May Finally Slow as Miners Face Scorching Summer Heatwaves. Hashrate for the Bitcoin network typically flattens or declines during North American summer time, industry experts say.
#GoMining #MarketNews
π #MiningTrends: U.S.-Listed Bitcoin Miners Reach New Heights
The total market capitalization of 14 U.S.-listed Bitcoin mining companies has reached a record high of $22.8 billion as of June 15, according to a recent report by JPMorgan.
π This remarkable growth underscores the strength and resilience of U.S. Bitcoin miners, who have outperformed Bitcoin itself in the first half of June. With increases up to 117% in market value for top-performing companies, this trend highlights investor confidence in the sector.
β‘ Additionally, U.S.-listed miners have boosted their share of the global network hashrate for the second consecutive month. This increase in hashrate share, now at approximately 23.8%, reflects the growing dominance and efficiency of American mining operations.
π± As the industry continues to evolve, these achievements demonstrate the potential for sustainable and profitable mining practices. The decline in network hashrate and mining difficulty since the April halving further indicates a more competitive and optimized mining environment.
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 gmt.io.
#GoMining #CryptoNews #BitcoinMining #SustainableMining #Blockchain
The total market capitalization of 14 U.S.-listed Bitcoin mining companies has reached a record high of $22.8 billion as of June 15, according to a recent report by JPMorgan.
π This remarkable growth underscores the strength and resilience of U.S. Bitcoin miners, who have outperformed Bitcoin itself in the first half of June. With increases up to 117% in market value for top-performing companies, this trend highlights investor confidence in the sector.
β‘ Additionally, U.S.-listed miners have boosted their share of the global network hashrate for the second consecutive month. This increase in hashrate share, now at approximately 23.8%, reflects the growing dominance and efficiency of American mining operations.
π± As the industry continues to evolve, these achievements demonstrate the potential for sustainable and profitable mining practices. The decline in network hashrate and mining difficulty since the April halving further indicates a more competitive and optimized mining environment.
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 gmt.io.
#GoMining #CryptoNews #BitcoinMining #SustainableMining #Blockchain
π Reminder: Join our exciting #GoMining Meme Contest!
Showcase your memes and win amazing prizes! π¨
π₯ 1st Place: 500 GOMINING Tokens
π₯ 2nd Place: 300 GOMINING Tokens
π₯ 3rd Place: 200 GOMINING Tokens
ποΈ 4th-6th Place: 1TH NFT each
π Our contest is in full swing, but we know there are many undiscovered talents among you! Don't miss your chance to showcase your humor and creativity with the world. Join the GoMining Meme Contest and create a meme that will have everyone talking long after the competition ends!
How to Enter:
π Like and retweet this post to spread the word!
π Create an original meme that captures the essence of GoMining (it should be viral and fun). π
π Post your meme (image, GIF, or video under 15 seconds) on X or Instagram.
π Include the hashtags #GoMining and #GoMiningMeme in your comment.
π Submit your User ID and link to your post. π
Note: Use the π logo and follow the style guidelines.
Memes will be judged on virality and image quality. π
π Hurry up! The contest ends on June 30 at 12:00 PM UTC.
#GoMining #Meme #NFTs
Showcase your memes and win amazing prizes! π¨
π₯ 1st Place: 500 GOMINING Tokens
π₯ 2nd Place: 300 GOMINING Tokens
π₯ 3rd Place: 200 GOMINING Tokens
ποΈ 4th-6th Place: 1TH NFT each
π Our contest is in full swing, but we know there are many undiscovered talents among you! Don't miss your chance to showcase your humor and creativity with the world. Join the GoMining Meme Contest and create a meme that will have everyone talking long after the competition ends!
How to Enter:
π Like and retweet this post to spread the word!
π Create an original meme that captures the essence of GoMining (it should be viral and fun). π
π Post your meme (image, GIF, or video under 15 seconds) on X or Instagram.
π Include the hashtags #GoMining and #GoMiningMeme in your comment.
π Submit your User ID and link to your post. π
Note: Use the π logo and follow the style guidelines.
Memes will be judged on virality and image quality. π
π Hurry up! The contest ends on June 30 at 12:00 PM UTC.
#GoMining #Meme #NFTs
Crypto World Highlights for June 20th
-Bitcoin Market Dynamics and Trends
Bitcoin's dominance in the crypto market has surged past 50% again despite ongoing market volatility, with its market dominance fluctuating between 44% and 53% over the past year.
Bitcoin exchange reserves have reached a three-year low, indicating low selling pressure and a potential supply shock as institutional investors continue to accumulate Bitcoin.
Bitcoin whales have sold over $1 billion worth of BTC in the past two weeks, coinciding with net outflows from U.S.-listed bitcoin ETFs during the same period.
-Regulatory Developments and Financial Products
The German Federal Criminal Police Office (BKA) has moved $425 million worth of Bitcoin, some of which was transferred to crypto exchanges. The BKA had seized nearly 50,000 BTC from a piracy site.
The SEC has decided not to pursue legal action against Consensys regarding Ethereum's potential status as a security.
Stablecoin transfer volumes have surged 16 times in the past four years, indicating growing crypto adoption and industry maturation.
-Major Movements and Market Sentiments
Fetch.ai has led a significant rally in AI-related cryptocurrency tokens, surging over 25% as Nvidia becomes the world's most valuable company.
Bitcoin's realized volatility has dropped to 30% from its March high, highlighting increased market stability during prolonged consolidation.
-Technology and Innovation
The IMF suggests that CBDCs could enhance financial inclusion and payment efficiency in the Middle East, with 19 central banks in the region exploring CBDC issuance.
-Incidents and Legal Issues
Kraken experienced a bug-related exploit resulting in almost $3 million in losses. The incident is being treated as a criminal case, with Kraken coordinating with law enforcement.
An analyst has suggested that Martin Shkreli may be the creator of the Donald Trump memecoin, $DJT, which soared to a market cap of $400 million, on claims of backing by Trumpβs son, Barron.
#GoMining #MarketNews
-Bitcoin Market Dynamics and Trends
Bitcoin's dominance in the crypto market has surged past 50% again despite ongoing market volatility, with its market dominance fluctuating between 44% and 53% over the past year.
Bitcoin exchange reserves have reached a three-year low, indicating low selling pressure and a potential supply shock as institutional investors continue to accumulate Bitcoin.
Bitcoin whales have sold over $1 billion worth of BTC in the past two weeks, coinciding with net outflows from U.S.-listed bitcoin ETFs during the same period.
-Regulatory Developments and Financial Products
The German Federal Criminal Police Office (BKA) has moved $425 million worth of Bitcoin, some of which was transferred to crypto exchanges. The BKA had seized nearly 50,000 BTC from a piracy site.
The SEC has decided not to pursue legal action against Consensys regarding Ethereum's potential status as a security.
Stablecoin transfer volumes have surged 16 times in the past four years, indicating growing crypto adoption and industry maturation.
-Major Movements and Market Sentiments
Fetch.ai has led a significant rally in AI-related cryptocurrency tokens, surging over 25% as Nvidia becomes the world's most valuable company.
Bitcoin's realized volatility has dropped to 30% from its March high, highlighting increased market stability during prolonged consolidation.
-Technology and Innovation
The IMF suggests that CBDCs could enhance financial inclusion and payment efficiency in the Middle East, with 19 central banks in the region exploring CBDC issuance.
-Incidents and Legal Issues
Kraken experienced a bug-related exploit resulting in almost $3 million in losses. The incident is being treated as a criminal case, with Kraken coordinating with law enforcement.
An analyst has suggested that Martin Shkreli may be the creator of the Donald Trump memecoin, $DJT, which soared to a market cap of $400 million, on claims of backing by Trumpβs son, Barron.
#GoMining #MarketNews
Crypto World Highlights for June 21st
-Market Trends and Predictions
Recent liquidity pulls have resulted in a 2.8% slip in Bitcoin's price as it was nearing $66.5K, largely attributed to actions by Bitcoin whales, illustrating the impact of large holders on price volatility.
The short-term realized price of Bitcoin reached $64,097, representing the average acquisition cost of Bitcoin on-chain, which helps understand the collective cost basis of holders.
Bitcoin's price shows a strong correlation to Federal Reserve liquidity, hinting at a potential price rebound in about ten days.
-Innovative Uses of Technology
Marathon is using Bitcoin mining to provide heating for a town of 11,000 in Finland, showcasing a sustainable approach to utilizing byproducts of cryptocurrency mining.
-Corporate Strategy and Investments
MicroStrategy has acquired an additional 11.9K bitcoins for $786M, increasing its holdings to 226,331 bitcoins valued at nearly $15 billion.
MicroStrategy's significant adoption of Bitcoin as a treasury asset has seen its shares soar, with the stock price increasing over 900%, significantly outperforming the rise in Bitcoin's price.
-Economic and Regulatory Dynamics
Stablecoin issuers have emerged as the 18th largest holders of U.S. debt, highlighting the growing role of digital assets in traditional financial markets.
Martin Shkreli's involvement with Trumpcoin has raised questions regarding securities fraud, especially if misrepresentations about involvement were made, potentially leading to legal repercussions.
The U.S. Treasury Department has noted an increased use of cryptocurrencies by Mexican cartels to buy fentanyl ingredients.
-Industry Expansions and Innovations
BitFlyer plans to revamp FTX Japan into a digital asset custodial firm, targeting institutional investors.
LayerZero's introduction of a new claiming mechanism for its ZRO token involves a donation requirement, which is expected to generate up to $18.5 million for Protocol Guild.
-Security and Forensics
CertiK researchers have been linked to a $3 million attack against Kraken, with the incident being described as a case of extortion.
#GoMining #MarketNews
-Market Trends and Predictions
Recent liquidity pulls have resulted in a 2.8% slip in Bitcoin's price as it was nearing $66.5K, largely attributed to actions by Bitcoin whales, illustrating the impact of large holders on price volatility.
The short-term realized price of Bitcoin reached $64,097, representing the average acquisition cost of Bitcoin on-chain, which helps understand the collective cost basis of holders.
Bitcoin's price shows a strong correlation to Federal Reserve liquidity, hinting at a potential price rebound in about ten days.
-Innovative Uses of Technology
Marathon is using Bitcoin mining to provide heating for a town of 11,000 in Finland, showcasing a sustainable approach to utilizing byproducts of cryptocurrency mining.
-Corporate Strategy and Investments
MicroStrategy has acquired an additional 11.9K bitcoins for $786M, increasing its holdings to 226,331 bitcoins valued at nearly $15 billion.
MicroStrategy's significant adoption of Bitcoin as a treasury asset has seen its shares soar, with the stock price increasing over 900%, significantly outperforming the rise in Bitcoin's price.
-Economic and Regulatory Dynamics
Stablecoin issuers have emerged as the 18th largest holders of U.S. debt, highlighting the growing role of digital assets in traditional financial markets.
Martin Shkreli's involvement with Trumpcoin has raised questions regarding securities fraud, especially if misrepresentations about involvement were made, potentially leading to legal repercussions.
The U.S. Treasury Department has noted an increased use of cryptocurrencies by Mexican cartels to buy fentanyl ingredients.
-Industry Expansions and Innovations
BitFlyer plans to revamp FTX Japan into a digital asset custodial firm, targeting institutional investors.
LayerZero's introduction of a new claiming mechanism for its ZRO token involves a donation requirement, which is expected to generate up to $18.5 million for Protocol Guild.
-Security and Forensics
CertiK researchers have been linked to a $3 million attack against Kraken, with the incident being described as a case of extortion.
#GoMining #MarketNews
π¬Get ready for an exciting AMA session with GoMining CEO Mark Zalan!π
π When: Today, Friday, June 21st
π Time: 1:00 PM UTC
π To participate, click the Twitter Space link
Be an active participant, interact with the team, and ask questions. You have a chance to win a prize!
π We're giving away 5 prizes of $100 each!
Join the AMA session, be active, and don't miss the opportunity to learn more about GoMining and win a prize!
π We look forward to your participation and questions!
#GoMining #AMA
π When: Today, Friday, June 21st
π Time: 1:00 PM UTC
π To participate, click the Twitter Space link
Be an active participant, interact with the team, and ask questions. You have a chance to win a prize!
π We're giving away 5 prizes of $100 each!
Join the AMA session, be active, and don't miss the opportunity to learn more about GoMining and win a prize!
π We look forward to your participation and questions!
#GoMining #AMA
Forwarded from Bitcoin.com News
As Bitcoin enters a new cycle following the halving event in April 2024, the landscape of Bitcoin mining continues to evolve. Mining plays a crucial role in maintaining the sustainability of the Bitcoin ecosystem, yet the industry has transformed significantly over the years. Dominated by large-scale players, the barriers to entry for individual miners have [β¦]
https://news.bitcoin.com/bitcoin-mining-made-easy-how-gomining-leads-the-btc-adoption-through-redefining-the-industrys-accessibility/
https://news.bitcoin.com/bitcoin-mining-made-easy-how-gomining-leads-the-btc-adoption-through-redefining-the-industrys-accessibility/
Bitcoin News
Bitcoin Mining Made Easy: How GoMining Leads the BTC Adoption Through Redefining the Industry's Accessibility β Branded Spotlightβ¦
As Bitcoin enters a new cycle following the halving event in April 2024, the landscape of Bitcoin mining continues to evolve. Mining plays a crucial role
π GoMarket Weekly #15 π
Stay up-to-date with the latest edition of GoMarket Weekly! Our trusted crypto expert Mike Ermolaev breaks down the recent developments in the cryptocurrency world, beginning with Bitcoin's consolidation phase, and moving on to Ethereum's bold ambitions, regulatory developments, and mining trends.
π Bitcoinβs Consolidation and ETF Outflows π Bitcoin has been trading in the $64,258-$67,099 price range this week, undergoing a consolidation phase, driven by selling from miners, whales, and long-term holders. U.S. spot Bitcoin ETFs saw significant weekly net outflows of almost $600 million. Despite this, Bitcoin remains profitable for investors, maintaining an equilibrium in the market.
π Ethereumβs Resilience and ETF Anticipation π Ethereum has been fluctuating between $3,384 and $3,632, showing strength after the SEC dropped its investigation into Ethereum 2.0. Bloombergβs Eric Balchunas predicts ETH ETFs might launch on July 2nd, potentially pushing prices above $4,000 with sights on $4,800.
ποΈ Global Regulatory Updates ποΈ The EUβs new MiCA regulations for stablecoins take effect on June 30, imposing stricter standards. South Korea will implement its first virtual asset user protection law on July 19, affecting 29 exchanges. Meanwhile, VanEck launches a Bitcoin ETF on Australiaβs main stock exchange.
π‘ Bitcoin Miners Maintain Profitability π‘ US-listed Bitcoin miners have reached a market cap of $22.8 billion, driven by a rising hashrate and AI opportunities, despite a decline in miner reserves to their lowest in 14 years. Miner reserves in USD remain at high levels at around $117.8 billion.
π Donβt miss out on these crucial updates in the crypto worldβread the full analysis now! π
#GoMining #NFT #GoMarket #MarketReview
Stay up-to-date with the latest edition of GoMarket Weekly! Our trusted crypto expert Mike Ermolaev breaks down the recent developments in the cryptocurrency world, beginning with Bitcoin's consolidation phase, and moving on to Ethereum's bold ambitions, regulatory developments, and mining trends.
π Bitcoinβs Consolidation and ETF Outflows π Bitcoin has been trading in the $64,258-$67,099 price range this week, undergoing a consolidation phase, driven by selling from miners, whales, and long-term holders. U.S. spot Bitcoin ETFs saw significant weekly net outflows of almost $600 million. Despite this, Bitcoin remains profitable for investors, maintaining an equilibrium in the market.
π Ethereumβs Resilience and ETF Anticipation π Ethereum has been fluctuating between $3,384 and $3,632, showing strength after the SEC dropped its investigation into Ethereum 2.0. Bloombergβs Eric Balchunas predicts ETH ETFs might launch on July 2nd, potentially pushing prices above $4,000 with sights on $4,800.
ποΈ Global Regulatory Updates ποΈ The EUβs new MiCA regulations for stablecoins take effect on June 30, imposing stricter standards. South Korea will implement its first virtual asset user protection law on July 19, affecting 29 exchanges. Meanwhile, VanEck launches a Bitcoin ETF on Australiaβs main stock exchange.
π‘ Bitcoin Miners Maintain Profitability π‘ US-listed Bitcoin miners have reached a market cap of $22.8 billion, driven by a rising hashrate and AI opportunities, despite a decline in miner reserves to their lowest in 14 years. Miner reserves in USD remain at high levels at around $117.8 billion.
π Donβt miss out on these crucial updates in the crypto worldβread the full analysis now! π
#GoMining #NFT #GoMarket #MarketReview
π GoMining Academy: Debunking Bitcoin Myths
Today, weβre tackling some of the most common myths about Bitcoin. Let's dive in and set the record straight.
π Myth 1: Bitcoin is Harmful to the Environment
There's a misconception that Bitcoin mining is excessively harmful to the environment due to its energy consumption. While it is true that Bitcoin mining uses significant energy, it's important to compare it with traditional financial systems. Research shows that the energy consumption of data centers for the top 100 global banks is more than double that of the Bitcoin network. Moreover, the industry is increasingly turning to renewable energy sources.
π Myth 2: Bitcoin is Too Complicated for Regular Users
Bitcoin is often seen as a technology reserved for tech enthusiasts. However, the reality is that the user interfaces of Bitcoin wallets and exchanges have greatly improved. Today, many user-friendly products and guides are available, making Bitcoin accessible to people with various levels of technical expertise.
π Myth 3: Bitcoinβs Volatility Makes It Unusable as a Currency
Bitcoin's price volatility is frequently cited as a drawback. While Bitcoin has experienced significant price swings, its volatility is gradually decreasing as the market matures and institutional adoption increases. For those seeking stability, stablecoins pegged to traditional currencies offer a less volatile option while still leveraging blockchain technology.
We'll continue debunking more myths in future posts. Share in the comments which other Bitcoin myths you'd like us to address!
#GoMiningAcademy #Bitcoin
Today, weβre tackling some of the most common myths about Bitcoin. Let's dive in and set the record straight.
π Myth 1: Bitcoin is Harmful to the Environment
There's a misconception that Bitcoin mining is excessively harmful to the environment due to its energy consumption. While it is true that Bitcoin mining uses significant energy, it's important to compare it with traditional financial systems. Research shows that the energy consumption of data centers for the top 100 global banks is more than double that of the Bitcoin network. Moreover, the industry is increasingly turning to renewable energy sources.
π Myth 2: Bitcoin is Too Complicated for Regular Users
Bitcoin is often seen as a technology reserved for tech enthusiasts. However, the reality is that the user interfaces of Bitcoin wallets and exchanges have greatly improved. Today, many user-friendly products and guides are available, making Bitcoin accessible to people with various levels of technical expertise.
π Myth 3: Bitcoinβs Volatility Makes It Unusable as a Currency
Bitcoin's price volatility is frequently cited as a drawback. While Bitcoin has experienced significant price swings, its volatility is gradually decreasing as the market matures and institutional adoption increases. For those seeking stability, stablecoins pegged to traditional currencies offer a less volatile option while still leveraging blockchain technology.
We'll continue debunking more myths in future posts. Share in the comments which other Bitcoin myths you'd like us to address!
#GoMiningAcademy #Bitcoin
Best analysis and insights (June 17-23)
π ETH's next hard fork is a bigger deal than you think, focusing on the upcoming Pectra upgrade that could significantly alter Ethereum's functionality.
π Tether's journey through challenges in 2022 demonstrates its stability compared to traditional banks, as explained by Tether CEO Paolo Ardoino in an exclusive interview.
π Eight merchants at the almost 100-year-old market, a hub for both tradition and innovation, now let customers pay with Bitcoin, marking Bitcoin's growing acceptance in South London's Tooting Market.
π Keith Gill β also known as "Roaring Kitty" β has become a hero of the people, but he is also a menace to stable markets, with his actions surrounding GameStop.
π The real security challenge often lies not in the length of the seed phrase but in how users store and protect it, discussing whether 24-word Bitcoin seed phrases offer better security than 12 words.
π We know Trump has expressed dissatisfaction with SEC head Gary Gensler, but questions remain about his plans for the SEC should he return to the White House.
π Pantera believes the blockchain sector will converge around a few key networks and Solana's integrated approach is poised to capture a significant share of this consolidation, comparing Solana's potential dominance to Apple's success with macOS.
π Blockchain holds the key to feeding AI with verifiable information, and the Polkadot ecosystem is gearing up to make it happen in the data-driven future, exploring how blockchain technology can enhance AI by providing authentic information at scale.
#GoMining #NFT #MarketReview
π ETH's next hard fork is a bigger deal than you think, focusing on the upcoming Pectra upgrade that could significantly alter Ethereum's functionality.
π Tether's journey through challenges in 2022 demonstrates its stability compared to traditional banks, as explained by Tether CEO Paolo Ardoino in an exclusive interview.
π Eight merchants at the almost 100-year-old market, a hub for both tradition and innovation, now let customers pay with Bitcoin, marking Bitcoin's growing acceptance in South London's Tooting Market.
π Keith Gill β also known as "Roaring Kitty" β has become a hero of the people, but he is also a menace to stable markets, with his actions surrounding GameStop.
π The real security challenge often lies not in the length of the seed phrase but in how users store and protect it, discussing whether 24-word Bitcoin seed phrases offer better security than 12 words.
π We know Trump has expressed dissatisfaction with SEC head Gary Gensler, but questions remain about his plans for the SEC should he return to the White House.
π Pantera believes the blockchain sector will converge around a few key networks and Solana's integrated approach is poised to capture a significant share of this consolidation, comparing Solana's potential dominance to Apple's success with macOS.
π Blockchain holds the key to feeding AI with verifiable information, and the Polkadot ecosystem is gearing up to make it happen in the data-driven future, exploring how blockchain technology can enhance AI by providing authentic information at scale.
#GoMining #NFT #MarketReview
Crypto World Highlights for June 24th
-Market Movements and Predictions
Bitcoin's rally above $70,000 has stalled due to a significant sell-off by miners and ETF outflows, with on-chain data showing that BTC miners have sold approximately $2 billion worth of Bitcoin since June.
Bitcoin price is in a bullish recovery mode, with bears getting exhausted, a more imminent rally might be ahead for the coin.
Today we'll cover: Bitcoin is losing ground against the stock market, the Japanese yen is taking a dive against the U.S. dollar, and not all regions are equal when facing inflation.
Bitcoin faces a key weekly close as BTC price indicators keep bulls' hopes alive when it comes to new all-time highs.
-Security Incidents and Scams
A MakerDAO governance delegate fell victim to a sophisticated phishing attack, resulting in the loss of $11 million and led to a 7% drop in MKR's price.
Rapper 50 Cent informed his 32.8 million Instagram followers that hackers used his X account to carry out a multimillion-dollar memecoin rug pull.
The Turkish cryptocurrency exchange BtcTurk said on Saturday that a cyberattack affected the funds held in ten of its hot wallets, though the exchange claimed the vast majority of its crypto, which is stored in cold wallets, remains secure.
-Regulatory Actions and Investigations
Worldcoin - the crypto "proof of personhood" startup - has been given the green light to resume iris-scanning and other operations in Kenya after a year-long government probe over privacy concerns was dropped.
U.S. lawmakers have made a visit to Kuje Prison in Nigeria, where detained Binance executive Tigran Gambaryan is being held.
The watchdog said that criminal organizations are increasingly using crypto to conduct their illicit activity, especially in the fentanyl supply chains, but this also creates new "opportunities" for detection.
-Market Movements and Predictions
Bitcoin's rally above $70,000 has stalled due to a significant sell-off by miners and ETF outflows, with on-chain data showing that BTC miners have sold approximately $2 billion worth of Bitcoin since June.
Bitcoin price is in a bullish recovery mode, with bears getting exhausted, a more imminent rally might be ahead for the coin.
Today we'll cover: Bitcoin is losing ground against the stock market, the Japanese yen is taking a dive against the U.S. dollar, and not all regions are equal when facing inflation.
Bitcoin faces a key weekly close as BTC price indicators keep bulls' hopes alive when it comes to new all-time highs.
-Security Incidents and Scams
A MakerDAO governance delegate fell victim to a sophisticated phishing attack, resulting in the loss of $11 million and led to a 7% drop in MKR's price.
Rapper 50 Cent informed his 32.8 million Instagram followers that hackers used his X account to carry out a multimillion-dollar memecoin rug pull.
The Turkish cryptocurrency exchange BtcTurk said on Saturday that a cyberattack affected the funds held in ten of its hot wallets, though the exchange claimed the vast majority of its crypto, which is stored in cold wallets, remains secure.
-Regulatory Actions and Investigations
Worldcoin - the crypto "proof of personhood" startup - has been given the green light to resume iris-scanning and other operations in Kenya after a year-long government probe over privacy concerns was dropped.
U.S. lawmakers have made a visit to Kuje Prison in Nigeria, where detained Binance executive Tigran Gambaryan is being held.
The watchdog said that criminal organizations are increasingly using crypto to conduct their illicit activity, especially in the fentanyl supply chains, but this also creates new "opportunities" for detection.
π²Manual BTC reward withdrawals now available!π
Hey there! π
Part of our mission is to provide you with greater flexibility and control over your Bitcoin rewards. Well, we're back with more opportunities!
πBefore
Your mining Bitcoin rewards could only be withdrawn through auto-withdrawal. This happened when you reached the minimum threshold of 10,000 satoshis set in the rewards settings and the service covered the transfer fee for auto-withdrawal.
Weβve made some changes! ππ’
Manual Withdrawals
πYou can now manually withdraw your mining BTC rewards at any time with a fixed fee of 2,000 satoshis per transaction (depends on the blockchain you use).
πThe minimum withdrawal amount is 1,000 satoshis, so youβll need at least 3,000 satoshis in your wallet.
πThe manual withdrawal function will withdraw the entire BTC balance accumulated in your virtual balance and it is impossible to withdraw only a part of it.
Auto-Withdrawals
0οΈβ£Weβre still keeping our auto-withdrawal option, offering you zero transfer fees and a minimum withdrawal threshold of 10,000 satoshis.
β οΈImportant Security Note
Manual withdrawals offer flexibility, but small withdrawals might be seen as dust attacks by your wallets, which can compromise the safety of your funds. To avoid this, we recommend using an exchange wallet.
Read more about crypto dust in our π article on Medium.
#GoMining #NFT #Updates
Hey there! π
Part of our mission is to provide you with greater flexibility and control over your Bitcoin rewards. Well, we're back with more opportunities!
πBefore
Your mining Bitcoin rewards could only be withdrawn through auto-withdrawal. This happened when you reached the minimum threshold of 10,000 satoshis set in the rewards settings and the service covered the transfer fee for auto-withdrawal.
Weβve made some changes! ππ’
Manual Withdrawals
πYou can now manually withdraw your mining BTC rewards at any time with a fixed fee of 2,000 satoshis per transaction (depends on the blockchain you use).
πThe minimum withdrawal amount is 1,000 satoshis, so youβll need at least 3,000 satoshis in your wallet.
πThe manual withdrawal function will withdraw the entire BTC balance accumulated in your virtual balance and it is impossible to withdraw only a part of it.
Auto-Withdrawals
0οΈβ£Weβre still keeping our auto-withdrawal option, offering you zero transfer fees and a minimum withdrawal threshold of 10,000 satoshis.
β οΈImportant Security Note
Manual withdrawals offer flexibility, but small withdrawals might be seen as dust attacks by your wallets, which can compromise the safety of your funds. To avoid this, we recommend using an exchange wallet.
Read more about crypto dust in our π article on Medium.
#GoMining #NFT #Updates
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
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
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
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