🐂 Ethiopia is becoming one of the centers for mining.

⏺Currently, electricity consumption for mining purposes in Ethiopia is 600 MW, which accounts for over 10% of the country's total consumption of 5,200 MW. This highlights the significance of cryptocurrency mining for Ethiopia's economy.

⏺By the end of 2024, the government plans to increase mining capacity by several hundred megawatts, with hydroelectric power stations remaining the primary source of energy.

⏺A favorable regulatory environment and support from the government create conditions for innovation and the implementation of advanced technologies in mining operations. As a result, Uminers has become one of the first companies to begin building its own data center in Ethiopia, launching the first phase of 100 MW by the end of 2024.

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🐂 The price of Bitcoin (BTC) has surpassed $68,000

🪙 Bitcoin (BTC) has reached a new high for October, climbing to $68,000.
The overall market capitalization of cryptocurrencies has reached $2.4 trillion, while the daily trading volume stands at $81 billion.

📈 According to a CoinDesk report, market sentiment is shifting towards buying, fueled by positive economic indicators from both China and the United States. The Fear and Greed Index in the cryptocurrency space has moved out of the fear territory and is currently at 73 out of 100.

⭕️ Bitcoin's price experienced a significant surge following the gains in Chinese stocks during the morning session on October 14.

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🐂 Uminers. News

🐂 The Trump Family's Crypto Project Sold Tokens for Only 4% of the Planned Amount

⭕️The sale of tokens for the crypto platform World Liberty Financial, which includes three of Donald Trump's sons on its team, was personally announced by him through his account on X. The platform is built on the Ethereum blockchain and utilizes the largest lending crypto protocol on the market, Aave.

⭕️Despite the hype, the project team managed to attract only 4% of the amount they aimed to raise from the token sale. According to the project's "roadmap," they planned to raise $300 million through the sale of WLFI tokens, with a project valuation of $1.5 billion, but the actual sales volume amounted to only $11.5 million.

⭕️According to the terms, buyers are not allowed to sell or even transfer WLFI tokens to anyone for a year.

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🐂 Uminers. News

🐂 DIGEST 14-18 OCTOBER

Stay ahead in the crypto world with our latest digest, covering essential updates and insights from the crypto mining industry

⭕️Blockchein Life 2024 - show more

⭕️Larry Fink: Bitcoin is an Asset Class, Like Gold - show more

⭕️Ethiopia is becoming one of the centers for mining - show more

⭕️The price of Bitcoin (BTC) has surpassed $68,000 - show more

⭕️The Trump Family's Crypto Project Sold Tokens for Only 4% of the Planned Amount - show more

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🐂 Uminers. News

❗️Blockchain Life 2024 starts tomorrow❗️

🐂 UMINERS is engaged, once again, as the event's general sponsor, so be sure to visit our booth A1. We have many exciting and surprising gifts reserved for the forum guests!

⚡️ Join us at the year's most important crypto conference.

❗️ This is an event you can't miss! See you in Dubai!

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🐂 Uminers. Events

🐂 As part of the Blockchain Life 2024 forum, a raffle for valuable prizes was held among the guests!

Congratulations to the winners, and thank you all for participating!

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🐂 Uminers. Events

🐂 Hong Kong Increases Tax Incentives for Cryptocurrency Investments

🪙 The head of the Hong Kong Treasury announced plans to expand tax incentives for cryptocurrency investments by the end of the year, as well as to issue more licenses for trading platforms.

💬 Christopher Hui, the Secretary for Financial Services and the Treasury, noted that the government aims to make tax incentives available to private funds and family offices, which will help attract interest in the market.

⚡️Since June 2023, Hong Kong has issued three licenses to cryptocurrency exchanges: OSL Exchange, HashKey Exchange, and HKVAX.

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🐂 Uminers. News

🐂 The price of Bitcoin has increased by nearly 5% over the past 24 hours, surpassing the $71,000 mark for the first time since early June.

🪙 Bitcoin's market capitalization has risen to $1.4 trillion, and its market dominance index has reached 59.78%.

💬 In the past day, the total amount of liquidations for traders betting against Bitcoin has exceeded $88 million. On major cryptocurrency exchanges, the total value of forced liquidations in short positions has surpassed $170 million, affecting more than 68,000 users.

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🐂 Uminers. News

🐂 The price of Bitcoin has surpassed the $73,000 mark and is approaching its all-time high.

🪙 At the moment, Bitcoin is just a few steps away from the record of $73,777, which was set on March 14 of this year.

💬 On the night of October 29, Bitcoin rose to $70,000, reaching its highest point since the beginning of summer.

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🐂 Uminers. News

🐂 Blockchain Life 2024: let's recall how one of the key forums in the field of web3, cryptocurrencies, and mining took place.

🪙 This year, Uminers was nominated in two categories: "Company of the Year" and "Distributor of the Year." We won in both nominations!


💬 Our team actively engaged with participants from various countries, shared experiences, and established valuable connections.

⚡️See you at the next Blockchain Life 2025!

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🐂 Uminers. Events

🐂 The cost of mining one BTC reached $49,500 in the second quarter.

🪙 This figure increased to $49,500 in the second quarter, compared to $47,200 in the first quarter. Taking into account depreciation and stock-based compensation, this amount rises to $96,100.

💬 The increase in costs is associated with the rise in mining difficulty and the increase in energy resource prices.

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🐂 Uminers. News