Miami will launch its own cryptocurrency MiamiCoin (MIA) on August 3, local time. The cryptocurrency will be used to fund infrastructure projects or activities in the city. MiamiCoin will provide a continuous stream of encrypted income for the city, while also generating STX and BTC income for holders. MiamiCoin can be mined or purchased by individuals who want to support the city and obtain cryptographic proceeds from the Stacks protocol.
In May of this year, Noah Mine cooperated with Australia’s AVZZ Minerals to comprehensively deploy physical mining machines such as IPFS/Chia and launch in-depth cooperation in computing power distribution to help the development of mining ecology. According to the current construction progress, the new mine is expected to be completed in the middle of next month. According to the person in charge of Noah, after the completion of the Australian mine, the Noah mine will migrate from China to install and deploy some mining machines here, and cooperate in computing power. distribution.
The animal kingdom has added a new currency, BABYDOGE (baby dog) was just launched on June 1. It really complied with that sentence. The origin is that only the newcomers laugh. Whoever hears the old people cry, in the currency circle really likes to scold the new rather than the old.
“Baby Doge, doo, doo, doo, doo, doo,” Musk clearly mentioned Baby Shark Dance on Twitter. This is a nursery rhyme and the most viewed video on YouTube, with 8.8 billion views. The popularity of BaBydoge has soared all the way. Twitter ranked second in the hot discussion value on July 3, and the transaction volume is amazing. It can be seen that the number of fans of a blog has increased by 300,000 in three days. The market sentiment in the circle has gradually improved. The reason why the baby dog became popular is because of Musk, the previous Dogecoins and shibs were also called by Musk, as long as the popularity of the baby dog is gone. , It will be like Dogecoin and shib, so you can make a small profit when the heat is good. As the saying goes, you can’t make money in the currency circle.
It’s worth noting that it’s worth starting recently. In fact, I think it’s possible to start less in the primary market. In the huge primary market, I think there are not a few currencies like BaBydoge, such as the apn and bzz that went online some time ago. It is the leader in the primary market.
BABYDOGE- Introduction Details
Baby Doge is a deflationary coin designed to become scarcer over time.
Baby Doge is completely decentralized and owned by its fun and vibrant community.
For every transaction (buy or sell) in the Baby Doge network, 5% of the transaction will be allocated to the existing holders.
Baby Doge has many of the same symbolic meanings as Dogecoin, but has nothing to do with it on a technical level. In this sense, it is not a derivative product. Baby Doge is a token running on another blockchain infrastructure.
Dogecoin is a fork of Lucky Coin, which itself is forked from Litecoin. And Litecoin appeared as a fork of Bitcoin. Therefore, Dogecoin developers are committed to maintaining close contact with the Bitcoin blockchain.
BTC mining company HIVE announced the purchase of 3,019 mining machines, which will increase the hash power by 46% and join the Foundry USA mining pool.
BTC mining company HIVE Blockchain announced the purchase of 3,019 MicroBT WhatsMiner M30S mining equipment, increasing its hash power by nearly 46%. These are all mining machines purchased from Foundry Digital, and the mining machines have arrived at HIVE.
Frank Holmes, Executive Chairman of HIVE, said in the statement: “We are very pleased to execute a transaction that can greatly increase mining capacity without any logistics delays. We will enter the North American mining pool and further improve with our partners. The goal of transparency and accountability. Mining computing power is being transferred from the east to the west, and we are delighted to participate in this transfer process.”
Through this acquisition, HIVE and Foundry have formed a deeper cooperative relationship than a monetary contract. As part of the cooperation, the mining company will contribute some BTC hashing power to the Foundry USA mining pool.
Foundry CEO Mike Colyer also commented on the relationship, saying: “I am very pleased that HIVE can become a partner of Foundry USA’s mining pool and continue to play a role in protecting the BTC network.”
After 3,019 new mining machines are fully implemented, HIVE’s hash power may be significantly improved, currently about 566 PH/s. According to the statement, the hash power can climb to 830 PH/s. If the company’s plan is realized, HIVE’s hash power can enter the current top 15 in the world. However, it is not yet clear how much computing power HIVE will contribute as part of the hash rate allocated to the Foundry mining pool.
In addition, HIVE also introduced how the new miners will increase their BTC reserves faster. The company recently obtained approval to list common stock on the Nasdaq. Starting in early 2021, the company wants to hold the newly mined BTC for a long time. BTC miners seem to be forming a trend. More and more people choose to hold BTC and use BTC to support legal currency loans and other strategies to make up for short-term operating expenses.
Why is the PHA project mentioned today? That's because news came out recently: PHA is about to start mining! As the most potent and well-known star project in the current Polkadot ecology, PHA has attracted the attention of many miners. Before introducing PHA, we must first mention Polkadot. The Polkadot project was launched in May last year and was founded by Ethereum co-founder Gavin Wood, who served as the CTO of Ethereum during 2013-2015. There is absolutely no doubt about his technical ability. It is generally believed in the blockchain circle that he is another great technical master after Satoshi Nakamoto and V God. PHA chose to develop the Polkadot because of its technical strength. It was recognized.
How to allocate PHA token details
According to phyla’s white paper, the total issuance of PHA is 1 billion pieces, which are used in five significant aspects:
(1) 70% is used for TEE mining: This part of the reward is allocated to TEE miners, data owners, and data users. This part is fixed in quantity and does not participate in inflation distribution.
(2) 15% is used for private equity financing: mainly used for Phala development funds, operation promotion, etc.
(3) 9% is used for Polkadot community construction and para chain auctions: users are encouraged to use ETH and DOT tokens to participate in mortgages and get airdrops.
(4) 5% is used for team rewards: 10% will be unlocked after the mainnet is launched, and 5% will be unlocked every month after that.
(5) 1% is used for testnet rewards: this part is used to reward early test users.
How to participate in PHA mining
According to the data, Phala is expected to be available for mining on the mainnet in July 2021. At that time, PHA miners need to run the Phala mining pool protocol component to participate in PHA mining.
The Phala mining pool protocol component is an open-source development component for miners designed to assist public mining pools and cluster mining farms in managing TEE equipment. A public mining pool is a public mining pool system operated by a third party that provides access services for users' mining; a cluster mining farm is a network of multiple TEE devices that are private to users and require cluster management.
PHA recommended hardware configuration
To run the Phala mining pool protocol components, the CPU, RAM, storage, system, and network need to meet the following conditions:
CPU: Intel E5/8th Core I7
Storage: ≥ 1TB SSD with large cache (NVME PCI-E 3.0*4)
System: Ubuntu 18.04 server or Ubuntu 20.04 server
Network: LAN bandwidth ≥ 1GB
It should be noted that the Phala mining pool protocol component does not process TEE operations during operation, so SGX support is not required.
Many investors must be very familiar with the field of encrypted digital currency. In this field, they will exchange their experience about mining. After all, if you only have one mining machine, there is a high probability of digging for treasure. It can realize “turning stones into gold” and obtain huge benefits. So many people are very excited. This is a rare opportunity for wealth. So what is the most popular mining choice for most miners now, Bill Code!
Bitcoin mining is different from other mechanisms. This is because the POW consensus chain has a natural defect. This defect requires a considerable computing power base for Bitcoin mining. For absenteeism, if there is no professional mining equipment, Bitcoin mining requires a lot of electricity, which means that this operation will increase the cost of mining, which will cause the mining cost-benefit to exceed the profit, and ultimately affect the balance of payments, so this method is not advisable.
Of course, among the Bitcoin projects, the BILL Code project itself is the leader. Bill Code uses the node’s local hard disk as a consensus participant and issues incentive encryption economic tokens based on the CPC: Conditioned Proof Of Capacity mechanism. This makes it possible to significantly reduce energy consumption and entry barriers, making the mining of cryptocurrency safer and more decentralized, so it can not only meet the mining needs of every miner but also provide safe storage for everyone Ability, so BILL does not have very high requirements for mining machines. It does not require you to get a high-performance mining machine at a high cost. All you have is a hard disk with high storage space. This method is obviously better than other methods because it can improve mining efficiency, so it is very effective, and the low configuration requirements also allow more people to mine.
In addition to the CPC mining mechanism, Bill Code will also have a unique liquidity mining mechanism. Liquid mining means that users can use their BILL to pledge for mining. You only need to pledge a portion of BILL to mine more BILL rewards online, similar to receiving deposit interest from a bank. Therefore, as long as you are a participant of BILL, even if you don’t have BILL mining equipment, you can join the mining pool of liquid mining.
And we can also see through the distribution mechanism that the CPoC mining mechanism generates 50 BILLs every 10 minutes, while the liquid mining pool produces 40 BILLs every 10 minutes. This method not only removes the hardware technical barriers but also improves the participation of liquid mining. When such participation can increase, we will compare the mining output of the two. In this case, We can easily find that the two will form a virtuous circle of mutual incentives between the mining pool and the market. Such a virtuous circle is conducive to absenteeism and mining, especially for absenteeism, guaranteeing this kind of mining. Sustainability.
There is also another way. This method is CPoC mining + liquidity mining. The CPC mining + liquidity mining method will be the best way to balance the output of the mining area and the BILL currency market. It is also very beneficial for the development of absenteeism. It may also be the basis for all participants to build a mining pool and conduct BILL mining together.
Bloomberg news on May 31 pointed out that in the context of economic uncertainty and the government’s large amount of electricity subsidies, more and more Argentine residents are turning to Bitcoin mining.
Cryptocurrency has long been touted in Argentina as a way for locals to hedge against cyclical economic crises, including repeated currency devaluations, defaults, and hyperinflation. Now, the pandemic has made the three-year recession worse. In addition to cheap electricity, the return of foreign exchange controls in recent years has made Argentines banned from buying U.S. dollars, giving them more incentive to mine digital tokens.
Miners are benefiting from the country’s long-standing residential electricity subsidies, a policy designed to win political support from voters. Analyst Ezequiel Fernandez said that although Argentina is a net importer of natural gas, consumer electricity bills account for only 2% to 3% of average monthly income, while electricity bills in other Latin American markets such as Brazil, Colombia or Chile are about twice that.
Although many countries have experienced a boom in crypto mining this year, the recovery of ultra-low utility rates and capital controls are helping miners in this South American country increase their profits. Even after the Bitcoin price correction, anyone who digs in their own house will still have electricity bills that are only a small part of the total income generated by the mining.
In fact, in the past few months, more than 1 million Argentines have been buying cryptocurrencies. According to local media Ámbito, most of them are buying Bitcoin and stablecoins such as USDT, USDC and DAI. The media also emphasized that stablecoins have begun to build momentum in 2019 due to the U.S. dollar purchase limit imposed by Argentina. Users believe that this type of token is a more effective way to convert Argentine pesos into U.S. dollars. In addition, the adoption rate of Ethereum in the country is also increasing.
In addition, the adoption rate of cryptocurrency across South America is rising, and Argentines have opened at least 2 million cryptocurrency trading accounts. However, according to Infobae, “many industry sources” stated that Argentines have been increasing their cryptocurrency purchases in recent months. However, the media pointed out that experts agreed that the market is in an “experimental stage” and that “2 million accounts does not equal 2 million active customers.”
It is worth mentioning that Bitfarms, a listed Canadian mining company, signed a power purchase agreement with a utility-level private generator in Argentina to operate the largest bitcoin mining facility in the south. According to the agreement, Bitfarms has the right to use up to 210 megawatts of electricity at its discretion. The initial term of the contract is eight years. During the first four years, the effective cost of electricity is $0.022 per kilowatt hour.
Geoffrey Morphy, President of Bitfarms
, said in an interview that we are looking for places to overbuild power generation systems. Argentina’s economic activity has declined and electricity has not been fully utilized. So this is a win-win situation.
However, regardless of Bitcoin’s volatility in the coming months, as long as the government pays at least part of the electricity bill, Argentina’s mining industry will almost certainly bring profits to individuals.
Shenzhen-based Bit Mining plans to build and operate a 100 MW encrypted mining data center in Kazakhstan. The project will be implemented in cooperation with two local companies, providing a series of services to the company, with a total investment of more than 9 million U.S. dollars.
Kazakhstan will host a new 100 MW crypto mining facility
Bit Mining announced this week that it had signed a binding investment terms list with a Kazakhstan entity. The two companies will cooperate to build a new crypto mining facility in the Central Asian Republic. Bit Mining will own 80% of Kazakhstan’s new mining data center, and its local partners will hold the remaining 20%.
The Bitcoin mine will start up with 20 M.W., and the total capacity is expected to reach 100 MW after the whole operation. Bit Mining said it would invest 60 million yuan (approximately US$9.33 million) in the joint venture project.
CNPC also signed two service agreements for its mining equipment, one of which was signed with a significant partner, and the other was signed with another company in Kazakhstan. They will provide a series of required services, including on-site equipment hosting, broadband network support, security monitoring, server management, and maintenance. The agreement will take effect on July 1, 2021.
Bit Mining expands the global mining business.
Bit Mining, formerly known as 500.com, has been rapidly expanding in the cryptocurrency mining industry since earlier this year. Its activities now cover cryptocurrency mining, mining pools, and data center operations. Bit Mining currently has deployed Bitcoin mining equipment with a maximum hash rate capacity of approximately 1031.5 PH/s. It has three hydropower data centers with a total power generation capacity of 435 megawatts.
In April of this year, before the name change, the company acquired mining company Btc.com. It currently owns the entire mining pool business operated by Btc.com, including domain names and platform cryptocurrency wallets.
Non-polluting, low-cost, and highly stable nuclear power may be the most suitable energy source for Bitcoin mining.
On May 19, according to official news, the Resource Conservation and Environmental Protection Department of the Inner Mongolia Development and Reform Commission issued the “Announcement on Accepting Letters and Visits from Virtual Currency Mining Enterprises” to comprehensively clean up and shut down virtual currency “mining” projects, and improve virtual currency Channels for reporting problems in “mining
” companies. Inner Mongolia has continuously stepped up its policy of restricting virtual currency “mining” to “dual control of energy consumption.”
In recent days, Musk has continuously issued negative remarks on Bitcoin, accusing Bitcoin of its serious consumption of fossil energy, especially coal, which has caused the market to fall sharply. Some market participants believe that Musk will discuss the energy consumption of Bitcoin and other cryptocurrencies, which may cause the global elite to pay attention to this.
On the other hand, there is a view that thermal power is stable but easy to cause pollution. New energy sources such as hydropower, photovoltaic power, and wind power are unstable and difficult to store. For the mining industry, the shutdown means loss of profits. Non-polluting, low-cost, and highly stable nuclear power may be the most suitable energy source for Bitcoin mining.
In fact, in Eastern Europe, where electricity is surplus, nuclear energy may have begun mining Bitcoin. On May 6, 2020, a Facebook statement issued by the Ministry of Energy of Ukraine pointed out that Bitcoin and digital currency mining are modern and effective ways to use excess energy. The post stated that due to the national blockade of the new crown pneumonia, local nuclear power plants had generated a large number of surplus power resources. The deputy head of the Ministry of Energy of Ukraine asked the state-owned enterprise Energoatom to study potential methods of using nuclear power generation facilities for Bitcoin mining in the country by May 8.
In addition, countries with surplus electricity, such as Russia and Belarus, are also considering the use of nuclear energy for mining. In September 2017, the governor of the Leningrad region invited cryptocurrency miners to Sosnobeb near St. Petersburg to build an industrial-scale mine at the old Leningrad nuclear power plant. In 2019, the President of Belarus stated at a meeting with representatives of the I.T. industry that to develop digital currency mining with a nationwide effort, mining will set up factories in the country and use surplus nuclear power to provide electricity for new digital currency mines.
Huobi Research Institute believes that the current mining of Bitcoin and other cryptocurrencies in China is mainly about “discarding electricity,” consuming excess electrical energy. Now Eastern Europe and other places are beginning to use the “disused power” of nuclear power plants for mining, which is likely to become a future trend. At this stage, the Bitcoin mining industry has developed into a global industry, and it may be difficult for regional policies to change the entire industrial ecology. Therefore, due to policy restrictions in individual regions in the future, local mining may shift to areas with surplus energy. For this area, cryptocurrency mining can use surplus energy to create more significant benefits for it.
BTC continued to fall within the day, and the trading volume increased significantly
According to the Huobi trading platform data, BTC continued to fall within the day, as low as 38517.86USDT and rebounded slightly in the afternoon. It is currently trading sideways at 40,300, and the trading volume has been significantly enlarged. Looking at the one-hour level, the short side made a rapid decline in the morning, falling below the lower edge of the previous shock range, and then found support at the 40300 lines, and fell again in the afternoon, with the lower support at 39200. From the daily level, BTC ushered in five consecutive negatives, with a significant decline. In the evening, continue to pay attention to the continuation of the falling market and the breakthrough of 41000 above and the support of 39200 below.
According to the Huobi trading platform data, ETH continued to fall within the day, as low as 2857.92USDT. It is currently trading sideways at 2950, and the trading volume has increased significantly. Looking at the one-hour level, the short side made an effort to break the previous shock range in the morning, or a new round of sideways range will be formed at the 2950 line. ETH fell sharply today and returned to the 1/3 position of the previous ascending channel from the daily level. In the evening, continue to pay attention to the continuation of the falling market and the breakthrough of 3000 above and the support of 2860 below.
In terms of contracts, the big data of Huobi Contract shows that BTC contract holdings have declined slightly, contract trading volume has risen slightly, and the contract market is active. The basis of delivery contracts rose slightly.
ETH contract holdings declined slightly, contract trading volume rose slightly, and the contract market was active. The basis of delivery contracts rose slightly.
USDT is quoted at 6.51 yuan in the OTC market of Huobi Global.
According to the data monitoring of Huobi Research Institute, today’s total DeFi lock-up volume (TVL) dropped slightly to 100.81 billion U.S. dollars, and the accurate lock-up volume fell slightly to 72.21 billion U.S. dollars. Among them, Venus dropped significantly, reaching 26.45%. Today’s total Defi transaction volume rose slightly, reaching 10.80 billion U.S. dollars. Among them, PancakeSwap increased significantly, reaching 47.84%.
As the markets of IPFS, Filecoin and Chia gradually expand and achieve popular results; people are paying more and more attention to the development prospects of the distributed storage network project market. Recently, Swarm, a “king-of-king class” distributed storage network project, quickly entered people’s field of vision and gained recognition. So what is the origin of the Swarm project, what benefits it can generate, and what its prospects are, let’s take a look!
What is Swarm?
First of all, let’s learn about this V God endorsement. As a leading Swarm in the research and development of distributed storage project application technology, it is a decentralized practical application that provides content storage and distribution services for Swarm node users. At the beginning of 2015, Swarm was founded and promoted by Ethereum founder Vitalik Buterin in collaboration with Gavin Wood and Jeffrey Wilcke, and the Ethereum Foundation hosted the project development. It can be said that Swarm is one of the Ethereum projects, and the technology discussion and future vision of Ethereum during the same period of Internet development.
With the Internet web3.0 era approach, the realization and application of distributed storage projects can be realized more stably. In this situation, more and more technology companies realize the importance of distributed storage projects and actively invest funds. Scientific research and development and project experiments are carried out under the technical cost, which has achieved high configuration, high bandwidth, and high efficiency of network data exchange. This gradual maturity can allow storage resources, bandwidth resources, and computing resources to support related applications based on the Ethereum network. It can be said that the Swarm project is a king-level project that has undergone long-term technical discussion and project polishing, following the development of the Internet Web3.0 era, and has a mature concept and operation and maintenance system.
Swarm and Ethereum
As part of the Ethereum project, Swarm can exist in the original ecological public chain of Ethereum. Swarm has its own independent ecological public chain and can generate links with the Ethereum network public chain. The two together assist in promoting joint development. . It can be said that Swarm is a critical project that the Ethereum Foundation will focus on in the future. Its significance is the same as that of Ethereum, and it is kindly called the “Son of Ethereum” in the industry. Ethereum is currently the most mature application of blockchain projects. Swarm provides a more friendly way of participation and development for the development, promotion, and promotion of the project itself and the improvement of Ethereum. Any developer in Ethereum can realize the decentralized data storage function in the distributed storage network through the independently operated Swarm project, no longer relying on external ecology for services, based on its system, and more secure and stable.
What is the use of Swarm?
Swarm has always maintained the application and development of distributed storage networks from inception to the mature application of technology. It is committed to advancing the Web3.0 era of Internet decentralization, improving the status quo of Internet development, and promoting the development of the Internet in the new era. The future development of the Internet and the development of digital finance will inevitably require stability, security, and privacy. A mature, complete, decentralized, and distributed storage application is urgently needed to achieve this requirement. Swarm has robust, point-to-point content storage and retrieval service with comprehensive technology and complete content. The Swarm network can optimize the configuration and reasonable balance for the consumers and service providers of the Swarm project node. Swarm uses the public chain network to make small amounts. Incentive mechanisms such as payment and smart contracts promote the Swarm network’s ecological construction and configuration optimization and the Ethereum network.
Swarm and BZZ coins
The Swarm project uses high-quality protocols and technologies in the Ethereum blockchain and has a complete and unique incentive system. The currency of the incentive system is BZZ coins. The BZZ coin is implemented in the operation of the Swarm network in the three parts of Swap, Swear, and Swindle. These three essential components are closely related to each other, promoting the exchange and transfer of resource data value.
Principle of BZZ coin mechanism
BZZ currency is a functional service currency of Swarm, which can be used in Swarm and Ethereum and can be used for bandwidth and storage rewards in the Swarm network. According to official information, the total issuance of BZZ coins will be 62.5 million after the official launch. The release mechanism is not locked. It is expected that the mainnet will be launched in the second quarter of this year, and BZZ coins will be launched on three significant exchanges…
How to mine BZZ coins
The small partners in the currency circle only need one truth, and the secondary market will never have the stability, security, and convenience of the primary market. At present, the Swarm project airdrops millions of BZZ for verification and optimization of the Swarm1.0 mainnet, increasing the number of active nodes and collecting community feedback. Users who own the Bee node of the Swarm network data node need to inject test tokens to mine BZZ coins. Because the current Swarm airdrop has specific requirements for configuration and bandwidth requirements, few corporate users can effectively obtain BZZ currency checks on the market. A minimal number of top technology companies can achieve effective node QBee and obtain BZZ coins. Through the professional technical team and the cluster solution, large-scale construction of Qbee nodes and effective data exchange can be realized. A single Qbee node can generate 2~3 BZZ currency checks every day, and BZZ currency checks can obtain BZZ coins through a corresponding proportion. I don’t know how much money I will lose when the mining period is one hour late, and everyone in the currency circle knows the stakes.
At present, the swarm BZZ coin mainnet will be launched soon, and the airdrop will end shortly. According to the actual situation, we know that the BZZ coin futures price is around 4000 USD. Since the mainnet line mining needs to pledge BZZ coins, BZZ will be the first time. The currency source can only be millions of BZZ coins in the airdrop phase, which means that when the mainnet goes live, the number of BZZ coins in the whole network is minimal and limited. The price of BZZ futures is currently 20,000+. If you can seize this opportunity in the future, What will you be like?