Could BTC surpass six figures in the coming months?
In recent days, the markets have observed that the price of oil and gas has been Bitcoin (BTC) reached new all-time highs, surpassing $70,000. However, a closer reading of activity on the blockchain reveals a strikingly different picture.
According to data tracked by Glassnode, the dollar value of average transfers on the Bitcoin blockchain remains significantly below the peak reached in 2021. This discrepancy between the rising price and economic activity on the blockchain partly reflects a strong withholding sentiment in the market, a research firm notes.
Blockware Solutions analysts, in their latest Blockware Intelligence newsletter, note: "Average transfer volume on the blockchain (in dollar terms) is well below the 2021 bull market peak. Hardly any value is moving on the blockchain. No one wants to sell.
Glassnode's metric considers the US dollar value of total BTC transferred on the blockchain, only accounting for successful transfers. At the time of going to press, the average volume of seven- and 14-day transfers was below $200,000, in stark contrast to $1 million and more during the 2021 bull market.
The recent approval of spot Bitcoin ETFs by Wall Street, listed on the Nasdaq, has been pointed to as the main reason behind Bitcoin's latest rally. This has resulted in a concentration of spot volume in ETFs, which also explains the low volume on the blockchain.
However, other indicators suggest that investors who survived the bear market of 2022 are holding on to their bitcoin reserves in anticipation of a continued rise in prices. For example, the percentage of bitcoin supply that was last active three to five years ago continues to rise.
Analysts project that Bitcoin's price could surpass six figures in the coming months, even topping $150,000. Blockware analysts add: "When we see the price really start to move, volume on the blockchain will skyrocket. Older coins will be sold on the exchanges. Until then, low volume on the blockchain is a sign of supply-side illiquidity.
Discover the Future of Cryptocurrency Mining: The Asic Goldshell KA BOX KAS Miner
Overview: Introducing the Miner Asic Goldshell KA BOX KAS, a cutting-edge solution designed for cryptocurrency enthusiasts Kaspa. With its remarkable efficiency and quiet operation, this miner is the perfect addition to any home mining setup. Experience the power of 1.18 TH/s at just 400W, all housed in a compact and sleek design.
Characteristics:
High Performance Mining: Achieves an impressive hash rate of 1.18 TH/s for mining the Kaspa cryptocurrency, ensuring optimal efficiency and profitability. Energy Efficient: Operates on as little as 400W, making it a cost-effective choice for long-term mining operations. Quiet Operation: With a noise level ranging from 0-35 dB, it is designed to blend seamlessly into your home without causing a disturbance. Compact and Lightweight: With dimensions of 198x150x96mm and a weight of only 2.3kg, it allows for easy placement and setup. Optimal Operating Conditions: Works best within a temperature range of 0-35°C, ensuring stable performance under various environmental conditions. Versatile Power Compatibility: Supports input voltages of 100-240V with a 10A power cord, meeting global electrical standards. Advanced Cooling: Equipped with a high-speed 4500RPM fan to maintain optimal operating temperatures. Future Ready: Launched on 13.03.2024, it represents the latest in Asic mining technology.
Why choose the Goldshell KA BOX KAS?
Home Friendly Design: Quiet operation and compact size make it an ideal choice for home miners. PSU not included: Offers flexibility to choose a PSU to meet your specific needs. Requires 2x 6-pin PCIE with at least 400W. Cutting-Edge Technology: Stay ahead of the mining game with the most up-to-date equipment, designed for efficiency and performance. Elevate your mining game with the Asic Goldshell KA BOX KAS Miner. Whether you're an experienced miner or just starting out, this device offers the perfect combination of power, efficiency and convenience, making it an essential component of your mining platform. Get ready to mine the Kaspa cryptocurrency like never before!
How to generate passive income at home with ASIC KS0 PRO
If you are looking for a miner with which to enter the world of cryptocurrency mining with a controlled investment, but with good profit figures, this should be your choice. Enter the world of mining with the help of the KS0 ProYou won't regret it! You will generate passive income every day.
Why choose the KS0 Pro cryptocurrency miner?
There are many reasons why they strongly recommend choosing a KS0 Pro, among them the investment/benefit ratio, which is very positive. But there are other factors, such as the low noise level generated or low power consumptionThe miners are a very interesting option.
It is a recently launched miner, a ASIC designed for home mining, ideal for those who want to enter the world of cryptocurrency mining.
Another major advantage of the KS0 Pro is that it can be used for no special adaptations required in the mining environment. Unlike other ASICs, which often require properly ventilated and cooled spaces, the KS0 Pro features two fans and a heatsink-like shape, ensuring highly effective cooling without generating enough heat to require adjustments to your environment.
Therefore, its installation does not require anything extraordinary and can be carried out in any home. Its current performance puts it at the forefront of cryptocurrency mining. The KS0 Pro stands out for its 200 GH/s hashrate..
Cost-effectiveness and consumption of the KS0 Pro miner
With an electricity consumption of approximately 5 Euro per month, the Iceriver KS0 Pro is capable of generating around $50 per month at the moment. In addition to its economic efficiency, it stands out for its ability to operate in silence, registering noise levels of less than 50 decibels. These noise levels are very low compared to similar equipment.
KS0 Pro Technical Specifications
It is a machine with impressive features:
KAS hashrate: 200GH/S (±10%).
Power consumption: 100W/h (±10%).
Compact dimensions: 200x194x74 (millimetres).
Net weight: 2.5 kilos.
Due to its features, coupled with its effortless connectivity, as it connects via Ethernet, this mining equipment has established itself as the preferred choice for many users.
Where to install KS0 Pro?
Due to its characteristics, and above all taking into account its size, weight and consumption, this mining equipment can be installed in almost any space. Thanks to its low noise levels, and the fact that it does not emit heat, this miner can be installed in homes, garages or premises without any problems.
Minandovoy Revolutionising Cryptocurrency Mining with Electric Hosting in Dubai
Dubai, the Epicentre of Energy Innovation for Cryptocurrency Mining
In a world increasingly driven by blockchain technology and cryptocurrencies, energy efficiency is becoming a central concern for miners around the world. It is in this context that an innovative solution emerges from Dubai, which promises to change the landscape of cryptocurrency mining: the Electric Hosting in Dubai.
Transparent and Affordable Fixed Costs
The Electric Hosting in Dubai offers a transparent and affordable fixed cost structure for miners. With a price per kWh of only 0.07 $/kWh, electricity costs are significantly reduced compared to other regions, providing a more cost-effective environment for cryptocurrency mining.
In addition, with an installation cost of €125 per machine and an annual maintenance charge of €60, miners can plan their expenses with clarity and confidence. Shipping the machines from Hong Kong to Abu Dhabi and then to Hosting costs a total of €300 per machine, ensuring efficient logistics with no additional surprises.
Hosting Flexibility and Security
Electricity Hosting in Dubai offers flexibility in electricity payments, allowing for monthly or block options of 3 or 6 months. With a minimum 12-month contract, miners can operate with peace of mind and long-term stability.
In addition, the slot where the machine(s) are located is protected by a 24-hour alarm and video surveillance system, providing unparalleled security for mining equipment.
State of the Art Machines at Competitive Prices
At Electric Hosting in Dubai, state-of-the-art machines are offered at highly competitive prices. The model BITMAIN KS3(KAS) - 9.4 TH/s, the ANTMINER L7 9.5 TH/s and the Bitmain Antminer KS5 20 TH/s provide exceptional performance with optimised energy consumption.
Priced at 18,000 Euros, 6,000 Euros and 31,600 Euros respectively, these machines offer a perfect balance between performance and profitability. With well-calculated monthly electricity consumptions, miners can maximise their profits while minimising their operating costs.
Bitmain Antminer KS5 20 TH/s Electrical Power Calculation
The Bitmain Antminer KS5 20 TH/s consumes 3000 W/h. With a price of 0.07 $/kWh and a consumption of 3000 W/h, the monthly electricity cost would be approximately 142 Euros in Dubai Hosting compared to 269 Euros in Spain.
In short, Electric Hosting in Dubai represents a step forward in the cryptocurrency mining industry, offering a unique combination of low costs, operational flexibility and robust security. With Dubai at the forefront of energy innovation and Minandovoy at the forefront, the future of cryptocurrency mining has never been brighter.
"Bullish Trends: Bitcoin Reaches New Record High and Promising Prospects".
5 March 2024, Bitcoin (BTC) reached a remarkable milestone by surpassing USD 69,200, setting a new all-time high for its value. This milestone came on the back of a 5% surge in the last 24 hours, reflecting renewed investor confidence in the leading cryptocurrency. This achievement follows a 21% rise over the previous week, breaking the previous record of USD 68,990 set on the Coinbase platform in November 2021.
The BTC price rally is attributed to several key factors, including the entry of new bitcoin exchange-traded funds (ETFs) in the United States. These ETFs have generated growing demand, confirming bitcoin's position as a reliable store of value in global financial markets. Bitfinex analysts have issued bullish projections, predicting a conservative range of between $100,000 and $120,000 for the Bitcoin price by Q4 2024. They further suggest that the peak of the bull cycle could occur sometime in 2025, marking a milestone in total cryptocurrency market capitalisation.
The rise of bitcoin ETFs has been a significant catalyst in this price increase. To date, these financial products have accounted for approximately 75% of new Bitcoin investment, demonstrating growing institutional interest in the world's largest cryptocurrency. Experts also anticipate that bitcoin ETFs could surpass gold ETFs in assets under management within the next two years, underscoring Bitcoin's growing appeal as a diversified and lucrative asset class.
Despite the prevailing optimism, many analysts predict a bullish outlook for Bitcoin in the near future. The halving of the block reward per mined block, an event that occurs approximately every four years, is expected to further boost Bitcoin's price. This historic event, known as halving, has traditionally proven to be a catalyst for significant increases in the Bitcoin price in previous cycles. Experts believe that the combination of the deflationary impact of halving and the growing demand for Bitcoin ETFs could lead to a sustained increase in the price of the leading cryptocurrency. This bullish outlook highlights Bitcoin's potential as an attractive investment in a changing and increasingly digitised economic environment.
In conclusion, Bitcoin's new all-time high represents a significant milestone in the evolution and adoption of cryptocurrencies globally. As Bitcoin continues to gain legitimacy and acceptance in traditional financial markets, its value and relevance are likely to continue to increase in the coming years, offering new opportunities and challenges for investors and cryptocurrency enthusiasts around the world.
Generate €2,000 A Month With These 42 Miners From Home!
Unlocking the Potential of Cryptomining with the Kaspa ks0 Asic Miner
In our exciting journey through the world of cryptocurrency, we want to take you to a new level of discovery with the latest video from Mining I go. In this video, we explore the astonishing performance of the Asic Miner Kaspa ks0a device that has been generating a buzz in the cryptocurrency community. Don't worry if you are new to this exciting world, because we will guide you through every detail.
Power and Efficiency of the Asic Miner Kaspa ks0
The Asic Miner Kaspa ks0 is a true technological marvel. This powerful miner is designed for mining cryptocurrencies Kaspa using the k-heavyhash algorithm. One of its most notable advantages is its energy efficiency. With a power consumption of only 65 watts per hour and the ability to operate on voltages ranging from 100-240V, the Kaspa ks0 is an environmentally friendly device that will not cause any noise in your environment, as it operates at only 30 decibels.
At Minando Voy, we offer you two options to explore the amazing world of cryptocurrency mining:
Kaspa ks0 of 100 g/h: This model is ideal for those who want to dive into cryptocurrency mining in an efficient and profitable way. You can find out more and purchase it here.
Kaspa ks0 Pro 200 g/h: If you're looking for even more performance, the Pro model is perfect for you. Get more details and buy it now. here.
42 Simultaneous Miners: Cracking the Profits
This video will take you on an exciting journey where 42 Kaspa ks0 miners operate simultaneously. The results are more than impressive, with estimated earnings of €2,179 per month. This feat clearly demonstrates the immense lucrative potential of cryptocurrency mining and how the Kaspa ks0 Asic Miner can be your partner in this financial journey.
Exploring the Fascinating World of Kaspa
But what is Kaspa? Kaspa is a cryptocurrency based on blockchain technology, a technology that it shares with Bitcoin and other popular cryptocurrencies. For beginners, it is essential to understand that a cryptocurrency is a form of digital currency that uses cryptography to secure and verify transactions made on its network. Kaspa stands out as a network specifically designed to address challenges and limitations seen in other cryptocurrencies.
One of Kaspa's most prominent features is its consensus algorithm, known as kPoW (Kaspa Proof of Work), which ensures the security and reliability of the network. What sets Kaspa apart from other cryptocurrencies is its efficient scalability, which allows it to handle a higher number of transactions per second and grow effectively as more users join the network. This scalability improves the speed and efficiency of transactions, which is critical to the widespread adoption of the cryptocurrency.
Kaspa prides itself on being a decentralised, open source network. This means that it is not controlled by a central authority and that anyone can access its source code and contribute to the development of the platform. This encourages innovation and collaboration, making Kaspa an attractive option for those looking to participate in the cryptocurrency revolution.
The KuCoin Advantage: Your Partner in the Cryptocurrency World
If you are thinking of venturing into the world of cryptocurrencies, KuCoin is an exchange platform you should consider. KuCoin is a leading cryptocurrency platform that offers a wide range of benefits, from creating secure wallets to participating in mining pools.
Some of the advantages of KuCoin include:
Diversity of cryptocurrencies: KuCoin offers you access to a wide variety of cryptocurrencies, giving you the opportunity to explore different investment options.
Secure Wallets: The KuCoin platform provides secure and reliable wallets to safeguard your digital assets.
Mining Pools: KuCoin offers mining pool services that allow you to join with other miners to increase your reward possibilities and optimise your mining experience.
Exploring the world of cryptocurrencies is exciting, and KuCoin is a reliable partner in this journey.
New Bitmain release: Antminer KS3
Bitmainone of the world's leading manufacturers of mining equipment in Bitcoinhas announced the launch of its first miner designed specifically for the cryptocurrency. Kaspa (KAS). It is called Antminer KS3.
This new device achieves a hash rate of 8.3 terahashes per second (Th/s). Energy efficiency is also a highlight of the KS3at 3,188W (similar to the Bitcoin S19 XP miner). Meanwhile, the energy efficiency ratio reported by Bitmain in its announcement is 0.38 J/G, a key factor in maximising miners' profits.
It is worth noting that Bitmain, which also makes miners ASIC for Bitcoin, Litecoin, Ethereum Classic and Zcashhas not yet revealed the price of the KS3 for Kaspa mining. This is because the company is offering a discount coupon to those who guess the price of the device before 19 May.
The launch of KS3 represents an important milestone for both Bitmain and Kaspa. Although Kaspa is a relatively new cryptocurrency, it has achieved a strong position in the industry in a very short time. Kaspa's hash rate tripled in the first quarter of 2023. Towards the end of last year, after the Ethereum merger, it became one of the most profitable cryptocurrencies to mine with graphics cards (GPUs).
Bitmain's announcement divides the launch of the KS3 Kaspa miner into several stages. The first stage, from 16-19 May, consists of a contest where customers can guess the price of the miner to win a $10,000 voucher.
The second stage begins on 19 May and runs until 24 May, and involves deposits to reserve the product. On 26 May, the purchase will be open for those who have made a deposit, and finally, on 27 May, distribution will begin and continue until August, according to the company's plans.
E300 14Ghs... The new miner for Kaspa!
The miner of Kaspa E300 is a cryptocurrency mining device designed to mine the Kaspercoin (KAS) cryptocurrency. The device has a hash rate of 14 Ghs, which means it can perform 14 trillion cryptographic calculations per second to verify transactions on the Kaspercoin network and add new blocks to the blockchain.
The E300 is equipped with customised ASIC (Application Specific Integrated Circuit) mining chips that have been designed to maximise power efficiency and processing speed. The device consumes 800 watts of power and has a compact size, making it suitable for small-scale mining.
The E300 also features a efficient cooling system to prevent the device from overheating during continuous use. In addition, the device comes with pre-installed mining software that makes it easy to set up and use.
Overall, the Kaspa E300 14 Ghs miner is a solid choice for those interested in Kaspercoin mining, as it offers respectable hashing speed, power efficiency and ease of use in a compact package.
WHAT IS KASPA?
Kaspa distinguishes itself as a community-based project that focuses on blockchain as a Bitcoin, Litecoin y Monero. However, unlike conventional cryptocurrencies that use blockchain, Kaspa uses a DAG (directed acyclic graph) to track transactions. In this way, the network is able to process multiple blocks simultaneously, which makes it significantly more scalable than older cryptocurrencies such as Bitcoin. In addition, KASPA uses the GHOSTDAG protocol that allows orphan blocks to coexist and be ordered by consensus, which increases the security of the network.
How to do triple mining?
Dual or triple mining (or, in English, "dual mining" or "triple mining") is a method that boosts the profitability of a GPU, allowing 2 or 3 cryptocurrencies to be mined in parallel. Software such as Lolminer has integrated this type of solution, which we will show you how to use step by step in this tutorial.
Double or triple mining is based on mining coins with supported mining algorithms. In other words, this modality cannot be applied to any pair or trio of existing currencies, but only to some specific ones, such as the case of Ethereum Classic (ETC) along with Kaspa (KAS) and Zilliqa (ZIL).
This mode of mining allows the use of the GPU to be boosted, as it uses the excess memory that is not being used when mining a cryptocurrency. This is important because only 1 of the 3 cryptocurrencies will offer a similar return to that obtained by individual miningthe others will share the remaining memory. This is why double or triple mining does not mean double or triple profit.
We have chosen to show how to set up Lolminer to mine ETC+KAS and ETC+KAS+ZIL, which offer the highest stability. A curious fact about ETC and KAS is that these cryptocurrencies were the ones that received part of the hashrate that left Ethereum after the Merge.
1. Download Lolminer
Lolminer is the mining software we will be using in this tutorial. It was released in 2020 by the developer known as Lolliedieb. Originally, this software was only compatible with AMD-branded GPUs; however, recent updates have added support for NVIDIA.
Lolminer has support for more than 15 mining algorithms, including Ethereum Classic's Etchash, EthereumPoW's Ethash, Kaspa's kHeavyHash, Zilliqa's ZelHash, among others.
To download Lolminer, you'll need to go to the official repository and download the latest version, which, at the time of this publication, is 1.67.
With the downloaded file, unzip it and go to the next step.
What you see in the image above is the list of files to mine in Lolminer. Each of these executable files is configured for a specific type of mining and a specific cryptocurrency, which you can see the name of each file. In our case, we will focus on the "triple_miner_zil_etc_kas" and "dual_mine_etc_kas" files, which are specifically for ETC, KAS and ZIL.
Dual mining configuration
For configure the file to dual minerSelect the file "dual_mine_etc_kas" and open it from a text editor. From Windows, you can right-click on the file and then click on "Edit".
Occasionally, the antivirus may be activated, as it identifies the Lolminer ".bat" files as viruses. In this case, it will be necessary to give the antivirus permissions to continue with the process.
The ".bat" files in the Lolminer Windows file are responsible for running the miner. Source: Screenshot/ Lolminer file.
For the Dual mining configuration of the file we have just opened in the text editor, we will only pay attention to the 3 values marked in the red boxes in the image above. The file comes preconfigured to run, only we must define the pool to be used (optional) and the wallet where the funds are to be deposited (compulsory).
By default, Lolminer uses the 2miner pool for ETC and Accpool for Kaspa. You you can define the pool of your choice. On the wallet, you must indicate an address for both ETC and KAS. Once you have these values, let's configure it.
In the first box, on the option "POOL=etc.2miner.com:1010" (this may vary depending on the version of Lolminer), you must delete the text "etc.2miner.com:1010" and place the link corresponding to the pool of your choice. On "WALLET=0x1334...", which corresponds to Ethereum Classic, you will repeat the same procedure: you will remove the default wallet and insert your wallet.
You must repeat this step for the Kaspa box. In this case, the values would be "KASPAPOOL=..." and "KASPAWALLET=...". Remember to delete only the values after the "=" sign, preserving the inverted commas.
Finally, you can change the name of your miner by modifying the "Worker=..." option. This value has no direct effect on the mining configuration, but allows you to identify the miner within the pool.
With everything ready, you must save the file. To do this, select the "File" option at the top and click on "Save".
Triple mining configuration
For triple mining, the configuration is basically the same. In this case, you will select the file "triple_miner_zil_etc_kas".
Unlike the dual mininghere you will have to set up 3 cryptocurrencieseach with its own pool and wallet. For ETC and KAS, the same parameters apply as above. For Zilliqa, you must change the values of "ZILPOOL=..." and "ZILWALLET=...". You can leave the default pool configured or modify it.
Triple mining configuration file in Lolminer. Source: Screenshot/ Lolminer file.
Always remember to change the default wallet setting.Otherwise, you will not receive your earnings. Also, as a recommendation, save the file and check by closing and opening it to make sure that the changes have been made. Don't trust, verify.
Ethereum Classic, a project powered by Bitmain 2022
Bitmainthe world's largest manufacturer of ASIC announced the creation of DAO, a Decentralised Autonomous Organisation, whose objective is to develop the ecosystem of ETCwhich continues to use mining as a method of security and consensus.
The company's manager has stated that it is a non-profit organisation composed of FTE and POW (Proof Of Work) builders.
The announcement of Bitmain as a driver of ETHEREUM CLASSIC was made during the World Digital Mining Summit Global 2022.
They already have a fund of USD 10 million, albeit split into USD 5 million in USDT and 5 million in ETC. This fund has one goal, which is to support specialist developers and programmers of Ethereum Classic software and cryptocurrency mining. It also involves the development and design of mining equipment.
Bitmain's representative states: "We want to introduce ETC at the highest level of intelligent blockchains that are based on PoW consensus, with high decentralised security and resistance to censorship".
Consequences of ETHEREUM CLASSIC after Merge
Bitmain has an interest in Ethereum Classic mining and its ecosystem, because of the recent ETH merger.
The ETHEREUM miners were forced, after the Merge, to migrate to other networks, and ETHEREUM CLASSIC was the main network for them, receiving more than 150 TH/s. In addition, it is the network with the highest number of Hashrate o GPU mining participation.
Bitmain's interest is based on all the equipment it could develop in the future, as mining can be done with graphics cards (GPUs) or ASICs.
During his presentation, Xmei Lin also raised the idea that Bitmain is reportedly working on a deal with Tether, a company whose main product is a stablecoin tied to the price of the dollar.
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