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7 Best Bitcoin Cloud Mining Investment Platform in 2024

2024 will see the continued popularity of cloud mining as a way for people to mine cryptocurrencies passively without the need for costly gear or specialized knowledge. As the market develops, a few platforms stand out as the leaders in offering dependable and lucrative cloud mining services. Here, we list the best seven Bitcoin cloud mining services for 2024, emphasizing each one’s special qualities and advantages.Choose the #1 investment platform NFTCOLO, sign up to get a $100 bonus, and...

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This Hedge Fund Plans to Raise $500M for AI and Blockchain Investments

North Carolina-based hedge fund manager Morgan Creek Digital intends to raise roughly $500 million for a new fund focused on investing in artificial intelligence (AI), blockchain technologies, chips, and data opportunities. According to a press release, Morgan Creek’s new fund will invest in early-stage companies that combine AI power with blockchain technology and the associated chips to unlock value from data. Morgan Creek To Raise $500M for New Fund Morgan Creek is looking...

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Bitcoin Mining Contributing to Massive Electricity Theft in Malaysia: Report

According to a report by a Malaysian news outlet, MalayMail, Bitcoin and crypto mining operations were mostly responsible for the massive electricity theft in the country between 2018 and 2023. Despite the crackdown, crypto mining and general services are not illegal in the Asian country. Bitcoin Mining Using Stolen Energy Akmal Nasrullah Mohd Nasir, the Deputy Minister for the Energy Transition and Water Transformation docket in Malaysia, noted that between 2018 and 2023,...

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IREN Shares Plunge 24% on Nasdaq Following ‘Wildly Overvalued’ Criticism

Shares of Bitcoin mining company IREN, formerly known as Iris Energy, tumbled by 24% on the Nasdaq following a report from short-seller firm Culper Research. The paper, released on July 11, labeled the company as “wildly overvalued” and suggested its stock should be valued 52-79% lower than its current market price. HPC Plans and Underinvesting Following the report, according to Google Finance data, IREN’s shares fell 24.5% to $10.36 before partially recovering to $11.20 by...

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SKALE Pacifica V3 Upgrade: Increases Transaction Throughput by 122% and Accelerates Block Mining Speed by 108%

[PRESS RELEASE – Brussels, Belgium, July 10th, 2024] SKALE is enhancing scalability and efficiency for over 10 million monthly active users, solidifying its position as one of the world’s most efficient blockchains. SKALE, the gas-less EVM-compatible modular blockchain network, today launched the Pacifica V3 upgrade which accelerates block mining speed by 108% and increases transaction throughput by 122%. Leveraging its unique modular AppChain architecture, this upgrade...

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Hut 8 Secures Power Deal to Open Data Centre in Texas

Hut 8, a well-known Bitcoin mining firm, has secured a deal to acquire 205 megawatts of power in West Texas, as well as the land needed to set up its data center. This move takes the miner’s energy capacity up to 1,300 megawatts. Hut 8’s power purchase agreement (PPA) with Texas will place it next to a wind farm. This deal will also have Hut 8 channel into a reliable power source, as the location is connected to the Electric Reliability Council of Texas (ERCOT), supplying 90% of Texas’ power...

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Could WienerAI Replicate MINU’s Succes? Viral Presale Raises Over $7M

Just when it looked like meme coins were cooling off, along comes Minu (MINU). This dog-themed token has surged 26% in the past day and topped the meme coin gainers list. But MINU isn’t the only coin performing well. WienerAI (WAI), an AI-themed project still in presale, has gone viral after passing the $7.2 million funding milestone. MINU Surges on Unique “Mining Dog Coin” Model In a surprising twist, MINU’s price has exploded. The token now trades at $0.000000272, with its...

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Bitcoin Outlook for Q4 2024: Analyst Look at Historical Price Patterns

Bitcoin is currently down 23% from its peak price, with most of those losses coming over the past week. The summer crash had been predicted on the premise that the four-year cycle was too early to peak. On July 7, market analyst Benjamin Cowen eyed the Bitcoin bull market support band (BMSB) as a key technical indicator to determine if the asset will recover later this year. BMSB a Key Indicator The analyst compared current trends to historical patterns from 2013, 2016, 2019,...

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Bitcoin Mining: Understanding the Process and Realities

Bitcoin is the flagship cryptocurrency, and it has become very popular due to its surge in value and huge price swings since its creation in 2009. As Bitcoin and cryptocurrency prices have surged in recent years, it is understandable that people are interested in how Bitcoin mining works. However, Bitcoin mining isn’t a good prospect for many individuals since it is very costly to run and quite complex. Below, we will explore the process of Bitcoin mining and other things you should know. ...

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