Blockchain Progress

2024-04-13 18:55:13 Bitcoin Miners Gear Up for Halving: Strong Reserves and Rising Hashrate

Publicly listed mining companies are flexing their digital muscles, with combined bitcoin reserves bouncing back to pre-June 2022 levels, as reported by theminermag.com.

These industry giants now hold over 46,200 BTC, inching closer to their peak of 48,000 BTC in April 2022.

With just 1,133 blocks remaining until the halving at block 840,000, miners are making moves. After a slight dip, the hashprice is on the rise again, hitting $119 per PH/s.

While Bitcoin's hashrate skyrockets to a record-breaking 644 EH/s, smaller miners may face challenges. Older machines could become unprofitable post-halving.

Marathon, Hut8, and Riot lead the pack among publicly listed miners. They're not holding back either, investing billions in new rigs and power capacity ahead of the halving.

The stakes are high as miners celebrate a record-breaking revenue of $2.01 billion in March alone. But as competition heats up, smaller operations may feel the squeeze.

As we countdown to the halving, the world of bitcoin mining is bracing for change. It's a race against time and technology for miners big and small. Open / Comment

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2024-04-11 17:01:38 Pssssst, folks…

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2024-04-09 21:01:28 Anticipation builds as Scorpion Casino approaches their Pinksale pre-sale launch — happening TOMORROW, April 10th at 2 PM UTC! They're on the verge of potentially breaking records and wrapping things up on April 14th at midnight UTC.

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They're preparing to launch on prestigious exchanges like Bitmart, Lbank, & XT, plus more.

With over $10M raised from 20K+ holders, they're on a roll!

They've established a reputable, regulated casino platform active since 2022.

Their alliances with key players and SIGMA event presence underline their industry credibility.

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2024-04-09 20:01:53 Ark Invest's ARKB ETF Unveils a Digital Delight: A Bitcoin Puppet NFT Worth $27,000!

In the realm of digital assets, Ark Invest's ARKB ETF has added a unique gem to its collection – a "Bitcoin Puppet" NFT. This whimsical virtual puppet, with its purple hat and a pipe in its mouth, is making waves in the crypto world.

Numbered 53,159,523 out of a limited edition of 10,001, this particular puppet holds a special place in ARKB's lineup. With a base price of 0.39 BTC (or around $27,913), it's not just any ordinary collectible.

But ARKB isn't the only player in this game. Blackrock has its own digital treasure from the "Speculum Aeternum" series, while Bitwise boasts an array of text-based wonders.

These ETFs aren't just about numbers; they're embracing the artistry and creativity of the digital age. It's like having a gallery of unique pieces within your investment portfolio.

And let's not forget about the intriguing phenomenon of "dust" – those tiny bitcoin fragments that find their way into wallets associated with big players. Sometimes it's more than just spare change; it can be a hidden message or even a digital token of appreciation.

In this ever-evolving landscape, ARKB's Bitcoin Puppet NFT shines as a testament to the fusion of finance and art. Who knows what other digital wonders await us in the world of crypto-collectibles? Open / Comment

2024-04-09 17:25:20 : History in the making! Scorpion Casino is gearing up for a blockbuster pre-sale on Pinksale — and it all kicks off TOMORROW, April 10th at 2 PM UTC! Can they smash the all-time Pinksale record? The countdown to April 14th at midnight UTC is on!

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2024-04-07 17:52:53 Bitcoin's Path to Halving — Anticipated Increase in Difficulty Sets Stage

As bitcoin (BTC) miners gear up for the upcoming halving, they face a hurdle in the form of an anticipated increase in difficulty. The last adjustment saw a slight decrease, but the next one could erase that with a projected 1.2% to 2.16% increase.

Miners have their eyes set on block height 838,656, where the adjustment is expected to take place. With 1,344 blocks until block 840,000, they aim to mine around 8,393.75 new bitcoins before the halving.

The hashprice, a measure of mining profitability, currently stands at about $104 per petahash per day, lower than its mid-March peak. Miners have amassed a total of $263 million, including $7 million from transaction fees.

Foundry USA leads the pack with a substantial 170.67 EH/s hashrate, contributing to the overall average of 600 EH/s over the past week. Antpool follows closely behind with a seven-day SMA hashrate of 134.06 EH/s.

Other notable contributors include F2pool, Viabtc, Binance Pool, and several others among the 1,017 blocks mined recently.

As bitcoin's journey to halving continues, miners brace themselves for both challenges and opportunities in this ever-evolving landscape. Open / Comment

2024-03-29 15:01:38 Dogecoin Rockets to New Heights, Surpassing $0.22 Milestone in 2021 Comeback!

The DOGE coin, affectionately dubbed the ‘Dog Father’ of meme currencies, is making headlines once again. March 28, 2024, marked a remarkable turnaround as DOGE soared by an impressive 43.3% against the mighty US dollar. With a staggering $6.9 billion in trading volume within just 24 hours, this digital pup is barking louder than ever!

Scaling new heights at $0.22, Dogecoin's market cap has now surpassed a whopping $31.4 billion, propelling it to the coveted position of the eighth largest cryptocurrency by market capitalization. This meteoric rise has also sent shockwaves through the short-sellers' camp, with a jaw-dropping $18.76 million in DOGE shorts liquidated recently.

In the fast-paced world of crypto, DOGE's resurgence isn't just a lone wolf howling at the moon; it reflects the vibrant ebb and flow of the entire market. As traders feverishly swap digital assets, DOGE's popularity shines through with top trading pairs including USDT, FDUSD, USD, KRW, and BTC – with the Korean won accounting for an impressive 12.12% of all DOGE transactions.

So what does this mean for investors? Well, it seems that the allure of meme-inspired tokens is far from fading away. Dogecoin's triumphant return not only showcases its own resilience but also hints at a broader trend: a continued surge in interest from those looking to ride the wave of whimsical yet potentially lucrative investments.

Remember: in this wild world of cryptocurrencies, it's always wise to keep an eye on the shiba inu – it just might hold the key to your next financial adventure! Open / Comment

2024-03-26 21:00:36 Binance Executive Escapes Custody in Nigeria, Interpol on Alert

In a daring move, Nadeem Anjarwalla, the detained Binance executive, has managed to elude Nigerian authorities. Reports suggest he cleverly used his Kenyan passport to board a Middle East-bound flight.

Under the guise of prayer, Anjarwalla vanished from a government guesthouse, leaving officials perplexed. The Office of the National Security Adviser is now scrambling to seek Interpol's assistance in bringing him back.

The Nigerian government's clash with Binance deepens as they pile on additional charges, including tax law violations. It all started when the crypto exchange allegedly failed to weed out users responsible for the local currency's decline.

With suspicions of inside help, it's believed that Anjarwalla may have used a phone at the guesthouse to orchestrate his escape. Meanwhile, the Blockchain Association of Kenya is rallying for his release, fearing a setback for African blockchain progress.

As this high-stakes drama unfolds, concerns over human rights and technological advancement hang in the balance. Will Anjarwalla's getaway further strain Nigeria's relationship with the crypto world? Stay tuned. Open / Comment