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ETH Price Analysis: Ethereum At Key Resistance, What’s The Next Target on Breakout?

Ethereum is about to close a third green weekly candle. However, it seems like the bullish move has weakened as ETH faces strong resistance (marked by red). The weekly candle closes soon, and the bulls still seem to have control over the market. The opening of global markets on Monday may have a significant impact on determining the market’s trend. Technical analysis by Grizzly The Daily Chart Ethereum has reached a zone of solid resistance on the daily timeframe, combined...

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BTC Miner PrimeBlock to go Public Through a $1.25B SPAC Merger (Report)

The US-based cryptocurrency mining and infrastructure startup – Prime Blockchain Inc. (PrimeBlock) – will reportedly become a publicly-traded company. The organization plans to merge with a blank-check firm in a $1.25 billion deal, including debt. According to a recent Reuters coverage, bitcoin mining company – PrimeBlock – will soon start trading as a publicly-traded company on Nasdaq after securing $300 million in equity financing from an affiliate of Cantor Fitzerald &...

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LBank Exchange Will List UncleMine (UM) on April 5, 2022

INTERNET CITY, DUBAI, Apr. 2, 2022 – LBank Exchange, a global digital asset trading platform, will list UncleMine (UM) on April 5, 2022. For all users of LBank Exchange, the UM/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on April 5, 2022. In a typical cryptocurrency ecosystem, many mining assets (hereinafter MA), cannot be decentrally verified and are difficult to integrate into the mainstream DeFi ecosystem. Ordinary investors cannot...

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Could BTC Switching to a PoS Module Solve Its Mining Issues?

Experts are saying that a simple switch in the bitcoin code would be enough to make the crypto mining process a lot safer for the planet. Mining Arguments Continue to Permeate the Space The arguments surrounding crypto mining have raged for years. While many say that crypto mining really doesn’t use as much energy as environmentalists think, others say the process is very damaging and will ultimately cause the planet to turn an irreversible corner. Men like Elon Musk,...

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Ripple Co-Founder Donates $5M to Environmental Campaign Against Bitcoin Mining

Chris Larsen – angel investor and co-founder of Ripple – is funding an environmental campaign to change Bitcoin’s code. Using his funds, a consortium of environmental groups will run ads across major newspapers to convince miners, software developers, and others to drop the network’s ‘proof of work’ consensus mechanism. Explaining Proof of Work To be clear, the environmental ‘lobby’ seeks not to end Bitcoin itself, but to see it shift toward a less energy-intensive security...

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Brenham, Texas Is Scaling Back Energy for Crypto Mining

The city of Brenham in Texas has always been a major crypto mining hub. Many residents have taken to crypto mining as a hobby or as a means of earning extra funds. They do not employ expensive machines or have large warehouses filled with mining rigs to do this. Instead, they just do it out of their own homes, a testament to how loose the city has been with its regulations. Brenham, Texas Is Scaling Back Crypto Mining Energy Usage However, it looks like the city of...

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Bitcoin’s Supply Passes 19 Million Coins, Less Than 2 Million Left

As of Friday, the 19 millionth Bitcoin was officially mined, leaving only 2 million left to enter circulation. The Bitcoin network regularly produces new coins each time a block of transactions is added to its ledger. Each block is produced through a process called “mining”, whereby users race to solve a mathematical problem for completing the block using computer power. The first to produce the block is rewarded with the new Bitcoin, plus all relevant transaction fees. At...

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Intel Arc GPU, Moore’s Law, and Crypto Mining in 2022

Intel’s new gaming chip is now available on laptops, and it’s being hailed by some in the crypto industry as a major disruptor to the cryptocurrency mining hash race. Here’s a short primer on Moore’s Law from Intel: “In 1965, Gordon Moore made a prediction that would set the pace for our modern digital revolution. From careful observation of an emerging trend, Moore extrapolated that computing would dramatically increase in power, and decrease in relative cost, at an...

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BREAKING: the 19 millionth bitcoin has been mined!

Bitcoin Mining wird umweldfeundlich. In diesem Artikel steht warum. As of today, there are 19 million bitcoin in circulation. This means there are only 2 million left to be mined. Due to the maximum amount of bitcoin – 21 million – bitcoin is scarce. The inflow will only decrease in the coming years. When will the last bitcoin be mined? The bitcoin algorithm states that the last bitcoin will be mined around 2140. Thus, the mining of the...

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ExxonMobil Is Getting Involved in Crypto Mining

ExxonMobil – one of the biggest gas and diesel providers in the United States – is taking a page out of the ConocoPhillips book and is looking to mine bitcoin in North Dakota. ExxonMobil Seeks to Use Natural Gas to Mine BTC This is a testament to how big crypto mining has become in America. Not long ago, ConocoPhillips – a major provider of gas and oil – announced that it would be selling excess energy to mine the world’s number one digital currency by market cap. Now,...

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