Bitcoin
Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’
Published
2 years agoon
By
adminJul 7, 2022 10:40 UTC
| Updated:
Jul 7, 2022 at 10:40 UTC
By Clark
On July 6, the crypto mining rig manufacturer Bitmain declared the launch of the extremely anticipated Antminer E9 when revealing the device on April fifteen, 2021. The machine boasts speeds of up to 2.4 gigahash per second (GH/s) and Bitmain is mercantilism the device for $9,999 per unit.
Bitmain Launches Antminer E9 for $4.17 per Megahash
447 days after revealing the Antminer E9, Bitmain has finally launched the merchandise. The corporation declared the launch on July 6, 2022, and affirmed “[The Antminer E9] is supplied with a hashrate of 2,400 [MH/s], 1920W power potency, and power potency of 0.8J/M. E9 is a sophisticated Ethereum manual laborer which boosts ETH/ETC mining operations.”
The new Antminer E9 leverages the agreement algorithmic program Ethhash and therefore the 2,400 MH/s of hashpower is adequate to 2.4 GH/s. At $9,999 per unit, the E9 is $4.17 per megahash and delivery can come about on July 15-31.
Interested consumers can buy the Antminer E9 with bitcoin (BTC), usd coin (USDC) and tether (USDT) tokens stemming from Ethereum and Tron. There’s a maximum of 5 units per account that may purchase the new Antminer, in keeping with the web site.
The new Antminer E9 will get a profit of around $37.98 per day with an electrical value of around $0.12 per kilowatt-hour (kWh) and using today’s ether exchange rates. The machine outpaces the highest 2 Ethhash compatible competitors that embody Innosilicon’s A11 professional ETH manual laborer with 1,500 MH/s and therefore the A10 Pro+ ETH manual laborer with 750 MH/s.
E9 Launches before Ethereum’s Proof-of-Stake Transition
Bitmain’s latest Antminer E9 comes at a time when Ethereum proof-of-work (PoW) mining is nearing the tip of the road with The Merge. whereas The Merge has been delayed on multiple occasions, ETH developer Tim Beiko aforesaid he “strongly suggests not finance additional in mining instrumentation at now.”
While Beiko affirmed that statement in April, Ethereum’s hashrate reached Associate in Nursing incomparable high on June 4, 2022, at block height 14,902,285 once the hashrate reached 1.32 petahash per second (PH/s).
When The Merge takes place, the Ethereum network can transition totally to a proof-of-stake (PoS) system instead of using POW. Currently, ETH miners will still mine ether however there’s conjointly a parallel blockchain known as the Beacon Chain that runs a PoS system.
After The Merge, miners won’t be able to mine ethereum (ETH) going forward, however the miners will mine on the Ethereum Classic (ETC) network. several expect the present hashrate that’s dedicated to ETH nowadays, can transition over to the ETC network following The Merge.
Clark
Head of the technology.
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Venture Capitalists Funnel Nearly $2,500,000,000 Into Crypto in Q1 of 2024: Galaxy Research
Published
3 hours agoon
May 4, 2024By
adminNew data from crypto insights firm Galaxy Research finds that during the first quarter of the year, venture capitalists poured in billions of dollars into the digital assets industry.
In a new article, Galaxy Research says that venture capitalists invested $2.49 billion into cryptocurrencies during Q1 of 2024, a 29% quarter-over-quarter (QoQ) rise.
The analytics platform says that heavy investments during Q1 of 2024 signal that Q4 of 2023 could have been the bottom of the market.
“In Q1 2024, venture capitalists invested $2.49 billion (+29% QoQ) into crypto and blockchain-focused companies across 603 deals (+68% QoQ).
This was the first rise in both capital invested and deal count in three quarters, perhaps signaling that Q4 2023 was the ‘bottom,’ although a continuation of QoQ increases – and a more meaningful increase – would confirm that over the coming quarters.”
Galaxy Research goes on to note that while venture capitalist investments into the crypto space have correlated with the price of Bitcoin (BTC) in the past, the crypto king’s massive rise in 2024 caused them to decouple.
“While venture capital investment in the crypto sector has typically correlated to the Bitcoin price, that correlation has broken down over the past year, with bitcoin rising significantly since January 2023 but VC activity mostly languishing.
Q1 2024 saw a significant rise in BTC, and while capital invested also rose, the investment activity is still nowhere near the levels when Bitcoin last traded over $60,000.
The combination of crypto industry-native catalysts (Bitcoin exchange-traded funds, new areas like restaking, modularity, Bitcoin layer-2s, etc.) and macro headwinds (rates) contributed to the notable divergence.”
Bitcoin is trading for $62,754 at time of writing, a 5.2% increase during the last 24 hours.
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Bitcoin and Other Cryptos Set To Begin ‘Slow Grind Higher,’ Says Arthur Hayes – Here Are His Top Altcoin Picks
Published
11 hours agoon
May 4, 2024By
adminBitMEX co-founder Arthur Hayes is saying that crypto assets are likely to benefit from the US monetary policy going forward.
In a new essay, Hayes says that the U.S. Treasury and the Federal Reserve are engaging in “stealth money printing policies.”
According to the BitMEX co-founder, the “slow addition of billions of dollars of liquidity each month will dampen negative price movement” for crypto assets.
“While I don’t expect crypto to fully realize the recent US monetary announcements’ inflationary nature immediately, I expect prices to bottom, chop, and begin a slow grind higher.”
Hayes says that the recent fall in the prices of crypto assets has offered an excellent opportunity to accumulate.
“I’m buying Solana and doggie coins (memecoins) for momentum trading positions. For longer-term sh*tcoin positions, I’m upping my allocations in Pendle and will identify other tokens that are ‘on sale.’
I will use the rest of May to increase my exposure. And then it’s time to set it, forget it, and wait for the market to appreciate the inflationary nature of the recent US monetary policy announcements.”
The BitMEX founder is an advisor and investor in Pendle (PENDLE), a decentralized finance crypto project that lets users tokenize and sell future yields.
On his Bitcoin (BTC) forecast between now and August, Hayes says,
“A rally to above $60,000 and then range-bound price action between $60,000 and $70,000 until August.”
Bitcoin is trading at $62,726 at time of writing.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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Crypto Expert Turns Bullish On Bitcoin, Predicts Quantitative Easing Will Begin Soon
Published
23 hours agoon
May 3, 2024By
adminCrypto expert Michaël van de Poppe has made a bullish case for Bitcoin as he alluded to macroeconomic factors that could soon play out in the flagship crypto’s favor. In line with this, he urged Bitcoin investors to take action with a parabolic surge on the horizon.
An Imminent Quantitative Easing Would Be Good For Bitcoin
Van de Poppe suggested in an X (formerly Twitter) post that Bitcoin will rise on the back of a Quantitative Easing (QE), which he anticipates is “close.” He noted that the Fed has already started to “unwind Treasury buybacks and is reducing QT [Quantitative Tightening].” He claims this is happening because the economic data has worsened, which puts the US at risk of a recession.
Therefore, the Fed seeks to avoid this recession by buying back long-term government bonds and injecting liquidity into the financial system. As the crypto expert predicts, this could be good since it will force the Fed to take a more dovish stance and possibly lower interest rates, boosting investors’ confidence to go all in on risk assets like Bitcoin.
Van de Popper further predicts that this Quantitative Easing will become evident in the data released in the coming months. In line with this, he advised investors to long Bitcoin. It is worth noting that Bitcoin dropped to as low as $57,000 ahead of the latest FOMC meeting, with many investors seeming to have anticipated a hawkish stance from the Fed.
However, as the crypto expert noted, the rates remain unchanged, and Fed Chair Jerome Powell raised the possibility of a rate cut as early as June. Given Bitcoin’s price recovery since then, this development looks to have already revived a bullish sentiment among investors.
What To Expect Going Forward
In another X post, Van de Popper revealed his expectations for the crypto market going forward. He stated that Bitcoin will consolidate and go sideways (possibly ahead of the QE which will boost its price in the coming months. Meanwhile, he also expects Altcoins to “heavily outperform and rotation kicks in.”
The crypto expert had previously echoed a similar sentiment when he stated that he expects altcoins to bounce in their Bitcoin pairs while Bitcoin faces a period of consolidation that he doesn’t expect to change in the “coming months.”
Back then, he also mentioned that there would be a narrative shift to Ethereum, and he reaffirmed this belief in a more recent X post, stating that he expects a lot from the second-largest crypto token by market cap.
At the time of writing, Bitcoin is trading at around $59,100, up over 2% in the last 24 hours, according to data from CoinMarketCap.
BTC bulls reclaim control of price | Source: BTCUSD on Tradingview.com
Featured image from Seu Dinheiro, chart from Tradingview.com
Disclaimer: The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
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