New Bitcoin mining facility operates on stranded gas in Argentina
🔥 GDA Limited, one of the largest mining companies, has announced a new facility in Argentina in partnership with YPF Luz. This facility will use stranded gas to power 1,200 bitcoin mining machines - a win-win for both the environment and the industry.
🚀 This marks a significant shift in the mining landscape in Latin America, with potential for further growth in countries like Paraguay and Venezuela.
🇦🇷 Argentina's favorable conditions:
- supportive political climate for crypto
- growing use of cryptocurrencies to combat inflation
make it an ideal starting point for GDA's regional expansion.
Recent surge in interest and adoption of cryptocurrencies in Argentina makes the future bright for the industry.
🔥 GDA Limited, one of the largest mining companies, has announced a new facility in Argentina in partnership with YPF Luz. This facility will use stranded gas to power 1,200 bitcoin mining machines - a win-win for both the environment and the industry.
🚀 This marks a significant shift in the mining landscape in Latin America, with potential for further growth in countries like Paraguay and Venezuela.
🇦🇷 Argentina's favorable conditions:
- supportive political climate for crypto
- growing use of cryptocurrencies to combat inflation
make it an ideal starting point for GDA's regional expansion.
Recent surge in interest and adoption of cryptocurrencies in Argentina makes the future bright for the industry.
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Bitcoin largest downward correction since 2022
Bitcoin is at a critical juncture, testing key support levels around $61,000. Traders are closely watching the 100-day SMA and STH-RP for market insights.
📉 Last week, BTC tested $56,500 but held above crucial levels. Currently, the 100-day SMA is at $61,200 and STH-RP at $60,100. Skew underlines the importance of confirming strong demand.
💡 BTC's price is intertwined with network fundamentals. Mining difficulty is set to decrease by 5.5%, the largest drop since the 2022 bear market end. Hashrate is declining, but miners focus on difficulty level for mining efficiency (assuming a -7% adjustment, the difficulty hashrate would be ~585 EH/s).
Despite the hashrate drop, it has surpassed previous expectations, pointing to continued mining activity.
Bitcoin is at a critical juncture, testing key support levels around $61,000. Traders are closely watching the 100-day SMA and STH-RP for market insights.
📉 Last week, BTC tested $56,500 but held above crucial levels. Currently, the 100-day SMA is at $61,200 and STH-RP at $60,100. Skew underlines the importance of confirming strong demand.
💡 BTC's price is intertwined with network fundamentals. Mining difficulty is set to decrease by 5.5%, the largest drop since the 2022 bear market end. Hashrate is declining, but miners focus on difficulty level for mining efficiency (assuming a -7% adjustment, the difficulty hashrate would be ~585 EH/s).
Despite the hashrate drop, it has surpassed previous expectations, pointing to continued mining activity.
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Canaan announces game-changing release of Avalon A15 Series
Canaan Inc., a pioneer in blockchain technology, unveiled the highly anticipated Avalon A15 series A1566, setting a new standard in cryptocurrency mining efficiency and performance
The A1566 showcases exceptional capabilities with:
🔸 remarkable energy efficiency ratio (18.5J/T)
🔸 potent hashing power (185T)
🔸 low power consumption (3420W) - significant advancement in the industry
🔗 The Avalon A15 series was created through market research and partnerships to develop chips with top performance.
⚡️ The A1566 chip aims to help users navigate the "post-halving" era more effectively and boost profitability.
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Canaan Inc.’s latest release embodies a profound dedication to advancing the field of blockchain technology, creating resilient mining solutions
Canaan Inc., a pioneer in blockchain technology, unveiled the highly anticipated Avalon A15 series A1566, setting a new standard in cryptocurrency mining efficiency and performance
The A1566 showcases exceptional capabilities with:
🔸 remarkable energy efficiency ratio (18.5J/T)
🔸 potent hashing power (185T)
🔸 low power consumption (3420W) - significant advancement in the industry
🔗 The Avalon A15 series was created through market research and partnerships to develop chips with top performance.
⚡️ The A1566 chip aims to help users navigate the "post-halving" era more effectively and boost profitability.
————————————————————
Canaan Inc.’s latest release embodies a profound dedication to advancing the field of blockchain technology, creating resilient mining solutions
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Ex-Twitter CEO has predicted when Bitcoin will reach $1 million
Jack Dorsey, the former CEO of X (formerly Twitter), has shared his insights about Bitcoin hitting $1 million in the future during an interview with Pirate Wiresmade.
🔸 According to Dorsey, Bitcoin could reach the impressive milestone of
$1 million by 2030 and beyond.
🔸 He praised the transformative nature of the Bitcoin ecosystem, emphasizing how everyone involved in it contributes to the rise in the value of digital gold.
🔸 Dorsey's digital payments company, Block, has accumulated over 8,000 BTC and plans to invest 10% of its monthly Bitcoin-related gross profits into acquiring more BTC. This investment strategy could lead to Block investing up to $24 million in BTC within a year.
🔸 Additionally, Dorsey has been actively engaged in building within the Bitcoin ecosystem, including plans for a decentralized exchange (DEX) and the recent completion of a BTC mining system.
Jack Dorsey, the former CEO of X (formerly Twitter), has shared his insights about Bitcoin hitting $1 million in the future during an interview with Pirate Wiresmade.
🔸 According to Dorsey, Bitcoin could reach the impressive milestone of
$1 million by 2030 and beyond.
🔸 He praised the transformative nature of the Bitcoin ecosystem, emphasizing how everyone involved in it contributes to the rise in the value of digital gold.
🔸 Dorsey's digital payments company, Block, has accumulated over 8,000 BTC and plans to invest 10% of its monthly Bitcoin-related gross profits into acquiring more BTC. This investment strategy could lead to Block investing up to $24 million in BTC within a year.
🔸 Additionally, Dorsey has been actively engaged in building within the Bitcoin ecosystem, including plans for a decentralized exchange (DEX) and the recent completion of a BTC mining system.
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Flattish Bitcoin prices are beneficial for crypto miners
Analysts at Bernstein have uncovered the overlooked benefits of stable Bitcoin prices. While many expected the recent halving event to pose challenges for miners, the subsequent price stability has actually played in their favor.
🔹 Despite rising in operational costs, the stability in Bitcoin prices helped miners to maintain profitability. This has led to notable shifts in the mining landscape, including a decrease in the Bitcoin hash rate and mining difficulty (dropped by 6% to 83.1 trillion hashes).
🔹 The decline in hash rate has resulted in longer block times
(~10 min 36 secs). But it has also presented opportunities for established, cost-effective miners to solidify their market positions.
🔹 Leading companies like CleanSpark and Riot Platforms are capitalizing on this trend with plans for expansion and enhanced production capabilities.
🔹 CleanSpark is establishing new facilities in Mississippi and Wyoming, while Riot Platforms is set to triple its capacity at a new Corsicana facility.
🔹 By leveraging their competitive production costs and robust reserves, these key players are poised to bolster their network share to around 6% by 2025.
Analysts at Bernstein have uncovered the overlooked benefits of stable Bitcoin prices. While many expected the recent halving event to pose challenges for miners, the subsequent price stability has actually played in their favor.
🔹 Despite rising in operational costs, the stability in Bitcoin prices helped miners to maintain profitability. This has led to notable shifts in the mining landscape, including a decrease in the Bitcoin hash rate and mining difficulty (dropped by 6% to 83.1 trillion hashes).
🔹 The decline in hash rate has resulted in longer block times
(~10 min 36 secs). But it has also presented opportunities for established, cost-effective miners to solidify their market positions.
🔹 Leading companies like CleanSpark and Riot Platforms are capitalizing on this trend with plans for expansion and enhanced production capabilities.
🔹 CleanSpark is establishing new facilities in Mississippi and Wyoming, while Riot Platforms is set to triple its capacity at a new Corsicana facility.
🔹 By leveraging their competitive production costs and robust reserves, these key players are poised to bolster their network share to around 6% by 2025.
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El Salvador harnesses volcano power
to mine Bitcoin
The country is leading the way in sustainable Bitcoin mining
🇸🇻 El Salvador owns 5,750 Bitcoin, worth $354 million, and has mined 474 more Bitcoin using geothermal energy from the Tecapa volcano. This setup uses 300 processors and 1.5 megawatts of power from a government-owned plant.
💲 In 2021, El Salvador became the first country to make Bitcoin legal tender and started using renewable energy for Bitcoin mining. Despite criticism from groups like the World Bank, President Nayib Bukele, who plans to buy one Bitcoin daily, won the 2024 election with strong support.
🌱 Bitcoin mining's environmental impact is a hot topic. Some suggest changing from proof-of-work (PoW) to proof-of-stake (PoS). In 2023, New York banned PoW mining for two years due to environmental concerns, the first US state to do so.
💰 Tesla CEO Elon Musk initially accepted Bitcoin for car purchases but later stopped due to environmental worries. He said he'd reconsider if over 50% of Bitcoin mining used renewable energy. Now, reports say over 60% does, but Musk hasn't reintroduced Bitcoin payments.
to mine Bitcoin
The country is leading the way in sustainable Bitcoin mining
🇸🇻 El Salvador owns 5,750 Bitcoin, worth $354 million, and has mined 474 more Bitcoin using geothermal energy from the Tecapa volcano. This setup uses 300 processors and 1.5 megawatts of power from a government-owned plant.
💲 In 2021, El Salvador became the first country to make Bitcoin legal tender and started using renewable energy for Bitcoin mining. Despite criticism from groups like the World Bank, President Nayib Bukele, who plans to buy one Bitcoin daily, won the 2024 election with strong support.
🌱 Bitcoin mining's environmental impact is a hot topic. Some suggest changing from proof-of-work (PoW) to proof-of-stake (PoS). In 2023, New York banned PoW mining for two years due to environmental concerns, the first US state to do so.
💰 Tesla CEO Elon Musk initially accepted Bitcoin for car purchases but later stopped due to environmental worries. He said he'd reconsider if over 50% of Bitcoin mining used renewable energy. Now, reports say over 60% does, but Musk hasn't reintroduced Bitcoin payments.
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Chinese authorities bust $1.9 Billion 🪙 -based banking scheme
Authorities have dismantled two underground USDT (Tether) banking operations in Fujian and Hunan, freezing around 149 million yuan (~$20 million)
⭕️ In Chengdu, police uncovered a $1.9 billion underground banking scheme leading to 193 arrests across 26 provinces.
⭕️ These illicit activities started in January 2021, facilitating smuggling goods (e.g. medicine and cosmetics) and overseas investments. Despite China's crypto ban, many traders have found ways to continue trading. A Kyros Ventures report highlights that 33.3% of Chinese investors hold multiple stablecoins, second only to Vietnam's 58.6%.
⭕️ China has outlawed cryptocurrency activities and banned Bitcoin mining, yet it remains a major player in the crypto space. Traders have shifted to decentralized exchanges and DeFi protocols, often using VPNs to bypass restrictions.
Authorities have dismantled two underground USDT (Tether) banking operations in Fujian and Hunan, freezing around 149 million yuan (~$20 million)
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New crypto regulations were proposed in Turkey
The Turkish ruling party has introduced a draft bill in parliament to regulate the cryptocurrency market. The legislation aims to meet international standards, emphasizing licensing, registration, consumer protection, and platform transparency.
💬 Key Highlights:
⭕️ Licensing & Regulation:
Crypto service providers will need to obtain licenses from the Capital Markets Board (CMB).
⭕️ Increased Oversight:
Enhanced oversight by the CMB to safeguard consumer assets and resolve disputes effectively.
⭕️ Revenue Collection:
Crypto service providers are mandated to contribute revenue to the CMB and the Scientific and Technological Research Council of Turkey.
⭕️ Foreign Broker Ban:
Prohibition on foreign crypto brokers to promote a domestically regulated industry.
⭕️ FATF Compliance:
Includes the FATF Travel Rule, requiring accurate information on transaction originators and beneficiaries.
💬 Background:
Turkey was added to the FATF “gray list” in October 2021 for failing to implement adequate Anti-Money Laundering measures. The new bill aims to improve the nation's crypto market's security and reliability to address these concerns.
The Turkish ruling party has introduced a draft bill in parliament to regulate the cryptocurrency market. The legislation aims to meet international standards, emphasizing licensing, registration, consumer protection, and platform transparency.
💬 Key Highlights:
⭕️ Licensing & Regulation:
Crypto service providers will need to obtain licenses from the Capital Markets Board (CMB).
⭕️ Increased Oversight:
Enhanced oversight by the CMB to safeguard consumer assets and resolve disputes effectively.
⭕️ Revenue Collection:
Crypto service providers are mandated to contribute revenue to the CMB and the Scientific and Technological Research Council of Turkey.
⭕️ Foreign Broker Ban:
Prohibition on foreign crypto brokers to promote a domestically regulated industry.
⭕️ FATF Compliance:
Includes the FATF Travel Rule, requiring accurate information on transaction originators and beneficiaries.
💬 Background:
Turkey was added to the FATF “gray list” in October 2021 for failing to implement adequate Anti-Money Laundering measures. The new bill aims to improve the nation's crypto market's security and reliability to address these concerns.
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price.pdf
4.5 MB
Price list as at 15.05 for mining equipment orders
UMINERS – is a turnkey solution company in crypto mining industry
🔹 Direct contracts with manufacturers such as Bitmain, MicroBT, and Canaan
🔹 Hosting in our data centers on favorable terms
🔹 Large range of miners in stock
🔹 Personalized approach to each client
🔹 Company offices located in several countries around the world
☑️ You can place an order by phone or through our TG
phone: +852 6 874 3717
TG: @uminersglobal
UMINERS – is a turnkey solution company in crypto mining industry
🔹 Direct contracts with manufacturers such as Bitmain, MicroBT, and Canaan
🔹 Hosting in our data centers on favorable terms
🔹 Large range of miners in stock
🔹 Personalized approach to each client
🔹 Company offices located in several countries around the world
☑️ You can place an order by phone or through our TG
phone: +852 6 874 3717
TG: @uminersglobal
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The crypto industry still has a very promising future and offers the opportunity to make you a millionaire. Consider starting mining.
Uminers is always here to help facilitate your journey to becoming a mining investor.
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*price in China excluding shipping cost
phone: +852 6 874 3717
TG: @uminersglobal
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Bitcoin Outlook: Correction or Bull Run?
Bitcoin's future is under debate, with mixed opinions on whether a "deep correction" is imminent:
🪙 Current Status:
Bitcoin is maintaining a strong position above its key support level of $65,000.
⚡️ Analyst Views:
- Trader Yoddha: Believes no deep correction is likely due to strong price support.
- Rekt Capital: Points out a recent 15% correction from $66,421 on April 24 to $56,792 on May 2, suggesting we've already experienced substantial correction.
- Starbust: Notes that quick, sharp corrections are common during bull runs, followed by swift rebounds.
⚡️ Market Sentiment:
- Trader Mags: Refers to the Wall Street Cheat Sheet’s "Psychology of a Market Cycle" to indicate that Bitcoin may be entering the "belief" phase, where investor confidence grows.
⚡️ Historical Insight:
- The last Bitcoin halving in May 2020 saw its price surge from $9,383 to $58,958 within a year, followed by a 40% correction to $35,484 in June 2021.
- Analysts are drawing parallels to this cycle, keeping an eye on the post-halving price movement.
⚡️ Analysts’ Focus:
- Mati Greenspan, Quantum Economics founder, asserts that real excitement will come with breakouts above $70,000 and towards the all-time high.
- Trader PlanC: Advises ignoring short-term price fluctuations and focusing on significant breakout movements.
Bitcoin's future is under debate, with mixed opinions on whether a "deep correction" is imminent:
Bitcoin is maintaining a strong position above its key support level of $65,000.
- Trader Yoddha: Believes no deep correction is likely due to strong price support.
- Rekt Capital: Points out a recent 15% correction from $66,421 on April 24 to $56,792 on May 2, suggesting we've already experienced substantial correction.
- Starbust: Notes that quick, sharp corrections are common during bull runs, followed by swift rebounds.
- Trader Mags: Refers to the Wall Street Cheat Sheet’s "Psychology of a Market Cycle" to indicate that Bitcoin may be entering the "belief" phase, where investor confidence grows.
- The last Bitcoin halving in May 2020 saw its price surge from $9,383 to $58,958 within a year, followed by a 40% correction to $35,484 in June 2021.
- Analysts are drawing parallels to this cycle, keeping an eye on the post-halving price movement.
- Mati Greenspan, Quantum Economics founder, asserts that real excitement will come with breakouts above $70,000 and towards the all-time high.
- Trader PlanC: Advises ignoring short-term price fluctuations and focusing on significant breakout movements.
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Today, this is the most powerful device for mining Kaspa.
Leader in profitability and payback:
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