Blockchain

Bitcoin Mining with MiningJOY: A Perfect Solution to Fight against Inflation

[PRESS RELEASE – Please read disclaimer] Bitcoin has the potential to provide both inflation protection and growth exposure concurrently. Looking for an easy and smart investment solution to invest? Cloud mining of Bitcoin at MiningJOY.com is the answer for you. This cloud mining provider gained a solid reputation for its convenience, stability, and best of […]

The post Bitcoin Mining with MiningJOY: A Perfect Solution to Fight against Inflation appeared first on CryptoPotato.

Published

8 months ago

September 4, 2020

Republished by Plato

[PRESS RELEASE – Please read disclaimer]

Bitcoin has the potential to provide both inflation protection and growth exposure concurrently. Looking for an easy and smart investment solution to invest? Cloud mining of Bitcoin at MiningJOY.com is the answer for you. This cloud mining provider gained a solid reputation for its convenience, stability, and best of all: transparency of mining-related data. MiningJOY holds dear the philosophy of bringing the most value and benefits of decentralization to its users, providing cloud computing power buyers with a good mining platform and an excellent opportunity to catch the profits that Bitcoin mining can bring!

MiningJOY has a state-of-the-art computing power backup and global decentralized mining farms. The uptime for all miners is over 99%, as you can see from the following screenshot of the backend managing broad, which is developed by its in-house maintenance team consisting of both software and hardware elites.

MiningJOY’s advantage features real-time, viewable computing power and transparent bills, a professional operation team hand-selected from a small number of public companies in the IDC industry, and backup computing power reserves to resist greater suspension risks. MiningJOY has multiple mining centers across North America, Northern Europe, Central Asia, and Southeast Asia.

The price of computing power on the market has spiked due to huge demand, yet MiningJOY cloud computing power has maintained a low price relative to the market price and has excellent security performance, which serves to better preserve the maximal mining outputs for its clients.

MiningJOY’s mining center with the most advanced miners

MiningJOY boasts large-scale miners based in distributed locations across the globe, equipped with professional operation and maintenance teams, and top-of-the-line miners. MiningJOY provides users with a one-stop efficient cryptocurrency mining service, going beyond merely Bitcoin mining products, which however, constitutes more than 90% of its asset portfolio. In the near future, MiningJOY would be channeling more diversified mining plans for its discerning clientele who like to chase highs with less-dominant cryptocurrencies, such as Ethereum, CKB (Nervos), and more to come.

At present, the MiningJOY platform mainly focuses on Bitcoin mining machines, both for rent and for purchase. They are unlike the majority of cloud mining platforms where clients receive a relatively obscure slip which details just a few parameters, leaving them with no clues about how the payout is composed and how their hashrate/miners are operated. MiningJOY realizes that Ponzi schemes are nothing new in the cloud mining market and provide their customers with as much details as possible about the contents of their order.

Many users, after having a bad experience, have lost faith in the possibility of fair mining in the cloud, and thus MiningJOY is ready to plug the leaks in the outdated cloud mining model. Backed by its full-stack management system, MiningJOY is capable of bringing the most authentic mining experience to its clients, which includes:

a hashrate pegged to running machines at the ratio of 1:1,
no more blanket scams,
24/7 running surveillance video on mining farms,
inclusive parameters, and
transparent bills.

Unlike most cloud mining services, with MiningJOY, clients get what they actually paid for.

MiningJOY was officially launched in June 2019 by Starwin Capital Limited with registry in Hong Kong, which extends to own Type 1, Type 6, and Type 9 Licenses under their belt. This allows them to lay a more substantial foundation for the emerging cryptocurrency-based financial landscape and fintech zeal.

MiningJOY’s business now involves two parts: cloud mining services for individual investors and supercomputer server rental hosting service for professional and institutional clients.

Currently with MiningJOY’s spot-delivery products, clients will start to receive Bitcoin mining payouts the next day. The prices start with $20.10 (mine until the last minute of your machine’s life expectancy), with the electricity rate as low as $0.052 per kW⋅h. If the price of Bitcoin stays above $11,000, the full-year return of Whatsminer M20s mining contract per terabyte (TB) is expected to be around $30.00, which results in an annual yield of 13.32%. The mini order quantity starts from just 1 TB.

Due in the second week of September, MiningJOY is set to launch its 500-day mining contract pegged to Whatsminer M20s as well as Antminer S17 Pro, starting from merely $15.70 per TB.

Register today to get your first-ever mining experience at MiningJOY.com! This is your great chance to hold on to greater fortune while fighting inflation.

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Source: https://cryptopotato.com/bitcoin-mining-with-miningjoy-a-perfect-solution-to-fight-against-inflation/

Blockchain

Bitcoin Price Prediction: BTC/USD Nosedives Toward $45,500

Published

6 mins ago

May 15, 2021

Republished by Plato

Bitcoin Price Prediction – May 15

According to the daily chart, the Bitcoin price loses traction after hitting $50,730; losses likely to continue in the near term.

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $55,000, $57,000, $59,000

Support Levels: $42,000, $40,000, $38,000

Looking at the daily chart, it can be easily seen that the market is back in the red zone as BTC/USD is posting losses of 5.27% on the day after touching the $50,730. It has an intraday high close to $51,000; although the world’s largest crypto faces a serious downtrend as it is currently trading at $47,265.19.

Bitcoin Price Prediction: BTC/USD May Return to Red Zone

Bitcoin price just plunged below $48,000 one more time, marking $47,250 as the current daily low at the moment. Does this mean that Bitcoin (BTC) is finally leaving the significant $48,000 level and searching for a new low? Nevertheless, looking at the declining daily volume candle, together with the steady movement below the 8-day and 21-day moving averages; it can be assumed that a serious bearish movement may be coming up soon into the market.

Moreover, at the time of writing, BTC/USD is struggling to maintain the $50,000 level and if the Bitcoin price follows the downward trend as the Relative Strength Index (14) moves into the oversold region, the next supports may likely come at $42,000, $40,000, and $38,000. From the upside, by maintaining the current level of $47,265 and any bullish movement could go above the 9-day and 21-day moving averages and send the price to the resistance levels of $55,000, $57,000, and $59,000 which could be well above the channel.

BTC/USD Medium-Term Trend: Bearish (4H Chart)

On the 4-Hour chart, BTC price hovers below the 9-day and 21-day moving averages around $48,446 which may take time to persistently trade above $50,000. In addition, if the bulls gather enough strength and regroup, the upward movement may be able to near the resistance level of $52,000 and above.

However, on the downside, immediate support is around the $47,500 level while the main support is at the $47,000 level. The price may likely fall below $46,000 if the bears step back into the market, a further movement could reach the critical support at $45,000 and below. Technically, BTC/USD is still moving in sideways while the Relative Strength Index (14) moves around 35-level, indicating an indecisive market movement.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://insidebitcoins.com/news/bitcoin-price-prediction-btc-usd-nosedives-toward-45500

Blockchain

Pollen: Simplifying decentralized finance and asset management

Published

57 mins ago

May 15, 2021

Republished by Plato

One of the biggest names – and the pioneer — in the fast-growing decentralized finance ecosystem, Pollen leads the pack for investors who are seeking to maximize their digital portfolio and more.

A Decentralized Autonomous Organization (DAO), Pollen allows investors to “customize” their asset management preferences without the need to comply with a centralized decision-making process, giving them greater flexibility and authority.

Pollen is on a campaign to “rethink” asset management, reduce market risk, and create safety nets for market uncertainty. Its platform allows others to select, maintain and organize custom asset pools that are dynamically rebalanced and can be customized for a specific use.

Unlike in a centralized management system, where clients have limited options and control on how to manage their assets, Pollen’s decentralized system provides more choices and authority.

DeFi for the people

With Pollen, participants collectively have better control over their digital asset pools, either directly or by entrusting their voting authority. The DAO platform’s community-governed protocol gets rid of centralization points and enhances portfolio performance while generating a new yield-bearing asset class.

Pollen was created in the belief that portfolio management is better maintained by members who have a significant stake in the business, where decisions are clear and straightforward, and where all stakeholders have sovereignty and supervision.

Pollen’s platform is specifically conceptualized to maintain its decentralized appeal by setting in place reputation-based governance and incentivized liquidity infrastructure.

Its platform’s capabilities allow people to deploy a custom governance model that enables others to launch their own asset indexes. Custom asset indexes can be deployed for specific use cases like Synthetics or NFT Indexes.

Pollen has an impressive track record in DeFi and blockchain. It is DeFi by the people and for the people.

Image courtesy of Pollen DAO/YouTube Screenshot

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/pollen-simplifying-decentralized-finance-and-asset-management/

Blockchain

Bad guys can’t cash out their loot in 2016 Bitfinex hack

Published

1 hour ago

May 15, 2021

Republished by Plato

Assets stolen from Bitfinex crypto exchange in a hacking incident back in 2016 will take over a century to be cashed out, blockchain intelligence firm Elliptic said in its latest report.

On Thursday, the company published a statement about the infamous hack that resulted in Bitfinex losing 120,000 bitcoin (valued today at around $7 billion). It detailed nearly 80% of the illegally obtained funds are still in the hacker(s) wallet.

The remaining 21% have been moved around by the malicious cyber attackers that have only managed to launder 4% of their total haul, which is approximately $270 million.

A roadblock for the attackers

Elliptic pointed out that the reason for their thesis is the evolution of crypto tracking tools, regulations, and law enforcement methodologies that make stolen or ill-gotten digital assets very challenging to cash out today.

The intelligence company explained that the hackers used “peel-chains” to exchange the stolen funds. In this method, crypto tokens are moved around numerous times, moving fast from wallet to wallet, and only a small amount of the bitcoin is “peeled off to their actual destination along the way.”

Back then, it was extremely hard to track crypto-assets laundered using this method. But today, the emergence of automatic tracing systems capable of determining the ultimate source or funds in an address makes the job a lot easier for the authorities.

The hacker after the cyber attack

After the successful attack on Bitfinex in 2016, the laundering process started in 2017 through the largest darknet market that time – Alphabay. Later that year, it was shut down by law enforcement, prompting the move to Hydra – the biggest illegal marketplace today.

Cryptoslate cited part of the report from Elliptic, stating, “After a hiatus in 2019, the launderers returned to Hydra in 2020 and are currently depositing $3 million of the stolen bitcoin every month.”

According to the report, to date, there is now approximately $72 million worth of the stolen cryptocurrency sent to Hydra.

Image courtesy of Cointelegraph News/YouTube

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://bitcoinerx.com/blockchain/bad-guys-cant-cash-out-their-loot-in-2016-bitfinex-hack/