The #Bitcoin 💰 bull market starts NOW!
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NEW: 🇭🇰Hong Kong #Bitcoin ETFs launching in 3days.
Chinese investors with Hong Kong residence permits will be allowed to buy shares in these Bitcoin ETFs.
Chinese investors with Hong Kong residence permits will be allowed to buy shares in these Bitcoin ETFs.
Forwarded from Yo Crypto Academy Masterclass | Education Course
What is Mining Pools
#Mining is integral to the security of Proof of Work blockchains. By computing hashes with certain properties, participants are able to secure #cryptocurrency networks without the need for a central authority.
You could be running several high-powered ASICs, and you’d still be just a drop in the #Bitcoin mining ocean. The chances of you actually #mining a block are pretty slim, even though you’ve spent a lot of money on your hardware and the electricity required to run it. You don’t have a guarantee on when you’ll get paid with a block reward, or even if you’ll get paid at all. If consistent revenue is what you’re after, you’ll have much greater luck in a mining pool.
Let’s say that you and nine other participants own 0.1% of the network’s total hashing power each. That means that, on average, you would expect to find one in every thousand blocks. With an estimated 144 blocks mined a day, you’d probably find one block a week. Depending on your cash flow and investment into hardware and electricity, this “solo mining” approach could be a feasible strategy.
What if, if you power is not enough to be profitable? so, However, what if this revenue won’t be enough to turn a profit? Well, you could join forces with the other nine participants we mentioned. If all of you combine your hashing power, you’d have 1% of the network’s hash rate. This means you’d find one in every hundred blocks on average, which works out at one to two blocks a day. Then, you could just split up the reward and share it amongst all the involved #miners.
#Mining is integral to the security of Proof of Work blockchains. By computing hashes with certain properties, participants are able to secure #cryptocurrency networks without the need for a central authority.
You could be running several high-powered ASICs, and you’d still be just a drop in the #Bitcoin mining ocean. The chances of you actually #mining a block are pretty slim, even though you’ve spent a lot of money on your hardware and the electricity required to run it. You don’t have a guarantee on when you’ll get paid with a block reward, or even if you’ll get paid at all. If consistent revenue is what you’re after, you’ll have much greater luck in a mining pool.
Let’s say that you and nine other participants own 0.1% of the network’s total hashing power each. That means that, on average, you would expect to find one in every thousand blocks. With an estimated 144 blocks mined a day, you’d probably find one block a week. Depending on your cash flow and investment into hardware and electricity, this “solo mining” approach could be a feasible strategy.
What if, if you power is not enough to be profitable? so, However, what if this revenue won’t be enough to turn a profit? Well, you could join forces with the other nine participants we mentioned. If all of you combine your hashing power, you’d have 1% of the network’s hash rate. This means you’d find one in every hundred blocks on average, which works out at one to two blocks a day. Then, you could just split up the reward and share it amongst all the involved #miners.
Forwarded from Data Dash Premium VIP
📌INSIDER UPDATE
🔥 ASX Ltd. is poised to greenlight Australia's🇦🇺 first-ever spot Bitcoin💰 ETFs by the end of 2024, potentially ushering significant inflows into #Bitcoin ETFs from the country's $2.3 trillion pension market.
🔥 ASX Ltd. is poised to greenlight Australia's🇦🇺 first-ever spot Bitcoin💰 ETFs by the end of 2024, potentially ushering significant inflows into #Bitcoin ETFs from the country's $2.3 trillion pension market.
JUST IN: Tether's latest attestation for Q1 2024 shows they hold $5.37 billion in #Bitcoin as reserves 👀
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💥BREAKING: Yesterday the Spot #Bitcoin ETF saw more than $563,700,000 outflow!
🚨 Breaking News: #Bitcoin Whale Alert! 🚨
A Bitcoin whale has made a significant move, buying more than 4500+ $BTC in the last 24 hours.
Whale Address: 1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP
➡️ Massive accumulation suggests bullish sentiment.
➡️ Whale moves like this often precede market changes.
➡️ Keep an eye on the markets for potential impact.
A Bitcoin whale has made a significant move, buying more than 4500+ $BTC in the last 24 hours.
Whale Address: 1Ay8vMC7R1UbyCCZRVULMV7iQpHSAbguJP
➡️ Massive accumulation suggests bullish sentiment.
➡️ Whale moves like this often precede market changes.
➡️ Keep an eye on the markets for potential impact.
NEW: A dormant #Bitcoin address has just been activated after 10.3 years.
Owner hodled from $900 to $65K 💎 🙌
Owner hodled from $900 to $65K 💎 🙌
Spot #BitcoinETFs saw Positive inflows with $11.54M ( 08-05-024 )
🔹 #Bitwise $BITB is the only ETF that purchased #Bitcoin Yesterday
🔹 $BITB Acquired 184.60 BTC, worth ~$11.50M
🔹 Total Net Assets $51.50 Billion in 🇺🇸 Spot ETFs
Total 🇺🇸 #BitcoinETF Overview:
🔰 1 ETFs = +ve Inflow
🔰 10 ETFs = 0 Inflow/Outflow
US Bitcoin ETFs Purchased 184.60 $BTC Yesterday.
🔹 #Bitwise $BITB is the only ETF that purchased #Bitcoin Yesterday
🔹 $BITB Acquired 184.60 BTC, worth ~$11.50M
🔹 Total Net Assets $51.50 Billion in 🇺🇸 Spot ETFs
Total 🇺🇸 #BitcoinETF Overview:
🔰 1 ETFs = +ve Inflow
🔰 10 ETFs = 0 Inflow/Outflow
US Bitcoin ETFs Purchased 184.60 $BTC Yesterday.
If #Bitcoin goes to $70k, we will see more than $8,600,000,000 worth of $BTC Short Liquidations!
14 years ago today the first #Bitcoin purchase was made. Two pizzas were bought for 10k BTC, which at that time was equivalent to $40.
Those pizzas would not be worth almost $700m.
Those pizzas would not be worth almost $700m.