Alarm Over Bitcoin Mining 5171

The amount of electricity consumed by bitcoin mining is not the global environmental crisis it is often portrayed to be. This is the professional assessment of Dr. Katrina Kelly-Pitou,  a research associate in electrical and computer engineering at the University of Pittsburgh.

‘New Technologies Are Energy Intensive’

Writing in an article penned for non-profit academic media outlet The Conversation, Kelly-Pitou criticizes the characterization of bitcoin mining’s energy consumption as some sort of fatal design flaw, stating that the general narrative around cryptocurrency as an environmental risk is a gross oversimplification that encourages the spread of factual inaccuracies as received wisdom.

Explaining why she thinks of the so-called “bitcoin energy crisis” as a red herring, she says:

“I am a researcher who studies clean energy technology, specifically the transition toward decarbonized energy systems…New technologies – such as data centers, computers and before them trains, planes and automobiles – are often energy-intensive. Over time, all of these have become more efficient, a natural progression of any technology: Saving energy equates to saving costs.”

At a time when a lot of the conversation around the future of bitcoin mining is dominated by statistics such as the fact that it currently consumes almost as much electricity as the Republic of Ireland, Kelly-Pitou believes that to restrict the conversation to the energy consumption of bitcoin mining alone is to miss a larger truth about energy and environmental concerns.

In her opinion, the use of renewable energy allows for increased power consumption for any purpose including bitcoin mining without having any negative environmental impact. The conversation should instead, she says, be centered around where the electricity used to power cryptocurrency mining comes from and how it is generated.

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Adventures in the Mine of Digital Wealth – An Ordinary Person’s Real Experience of Getting Rich 10805

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Peter, a middle-aged man, lived a simple life in a small town. He worked as an ordinary office employee, busying himself with mundane tasks and family responsibilities. Despite the stability of his life, Peter always dreamed of changing his destiny and pursuing greater financial freedom.

One day, while browsing the internet, Peter stumbled upon TokenCoin, an emerging cryptocurrency cloud mining platform. Though he knew nothing about cryptocurrencies, the concept of TokenCoin deeply intrigued him.

Peter decided to register with TokenCoin and embark on his mining journey. Since he didn’t have significant investment capital, he opted to lease some cloud mining hash power, an option offered by the TokenCoin platform.

As time passed, Peter began to receive mining rewards from TokenCoin. While these rewards were modest at first, they steadily accumulated, gradually becoming more substantial. Peter chose to reinvest his earnings into higher hash rate plans, further increasing his mining capabilities.

Peter’s financial situation improved, and he started sharing his journey with friends and family, who were astounded by his growing wealth. They inquired about his secret, and Peter shared his story, encouraging them to join TokenCoin. He also joined TokenCoin’s affiliate program, earning referral commissions and building a community of like-minded individuals.

Together with his friends and the TokenCoin community, Peter explored the world of digital currencies, supporting and inspiring each other. TokenCoin became the platform through which they collectively created wealth.


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The cloud mining platform, TokenCoin, introduced a revolutionary three-step process, making it incredibly easy to embark on a profitable cloud mining journey. It simplified the complexities of cloud mining, fostering substantial growth and rewards for its users.

Step One: Register an Account – Where Convenience Meets Rewards

TokenCoin welcomed new users through a straightforward registration process, initiating a journey towards potential gains. The registration process also included a $7 registration bonus, not merely a symbolic gesture, but a practical incentive that users could use to purchase plans aligned with their individual aspirations. Upon completing their selected plans, users could even withdraw their accrued rewards, turning the experience into tangible outcomes.

Step Two: Select Your Mining Plan – Empowerment Through Choice

The platform offered a diverse array of cloud hash rate plans, empowering users to tailor their cloud mining journey according to their distinct preferences. By navigating their crypto portfolios, users could make informed choices, aligning their path with their financial objectives and aspirations.

Step Three: Start Earning – Unlocking a Realm of Opportunities

Once the chosen plan was set, the journey to earnings commenced seamlessly. With the finalization of the order, TokenCoin efficiently allocated computing power to the designated mining pool, initiating the potential for swift rewards and returns.

Not long after, Peter and his friends had accumulated substantial wealth in the cryptocurrency field, enabling them to live the lives they had always desired. They not only achieved their personal financial goals but also provided hope and opportunities for others.

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This story underscores that the world of digital currencies is brimming with opportunities. With courage, continuous learning, and dedication, anyone can find their own fortune in this emerging field.

To explore the range of products and plans and begin your journey with a reliable partner in the crypto mining arena, please visit https://tokencoin.net

Bitcoin Price at 2011 Levels Returns as Bitcoin BSC Launch Provides Chance to Earn Free Bitcoin Clone Tokens 10657

Back in 2011, the Bitcoin price was $1, but today, following the launch of the Bitcoin BSC coin crypto presale on the BNB Smart Chain, buyers can acquire the token at a similarly low price and earn free Bitcoin clone tokens too.

Bitcoin, the world’s leading cryptocurrency, is struggling right now after bulls were trapped as enthusiasm at the prospect of the SEC spot bitcoin ETFs getting speedy approval receded. The price retraced below the $26k level, but it has been a different story for Bitcoin clone derivative coins.

During the past three months, for example, the Bitcoin Cash (BCH) fork from Bitcoin is up 73%, while Bitcoin has fallen -2.3% in the same time period.

Meanwhile, a similar staking-based bitcoin derivative coin to Bitcoin BSC, BTC20, which launched a month ago, is up 52%.

In fact, BTC20 hit an all-time (ATH) intraday high of $6, equating to a 688% 7x gain on its $1 presale and listing price.

Yet another bitcoin clone derivative, this time BTC2.0, rose to an ATH of $1.06 to register a return of 538x, although the price has retraced markedly from its peak.

Earn free Bitcoin clone tokens with stake-to-earn Bitcoin BSC coin

Bitcoin BSC aims to match, or beat, the success of all of these Bitcoin clone coins, and to achieve that end it has a not-so-secret weapon – staking.

While the performance of BTC2.0, not to be confused with BTC20, since its heights has been somewhat underwhelming, there has been more of a steady-as-she-goes approach by the likes of BTC20.

That’s probably largely down to the ballast effect of staking, which bears down on any selling pressure that may emerge at listing.

In this way, Bitcoin BSC seeks to emulate BTC20 by adopting a similar design and strategy, providing the price with a stable platform for takeoff.

Like BTC20, Bitcoin BSC has staking utility built into its design from the outset.

However, it should be noted that there is one important difference between Bitcoin BSC and BTC20 – Bitcoin BSC is a BEP-20 BNB Smart Chain-compliant token, and BTC20 is an ERC-20 Ethereum-compliant token – hence the BSC in the name.

Staking has been popular in the crypto DeFi space, but enthusiasm waned in the aftermath of high-profile implosions of staking ecosystems such as Terra Luna.

However, the attractiveness of transparent staking that has a clearly defined source of yield, unlike the opaque algorithms in use on Terra Luna, has not gone away.

With $BTCBSC, which runs on the BNB Smart Chain, the yield is paid out over a 120-year period, in line with Bitcoin block confirmations. Altogether, 69% of the total token supply is allocated to distribute as rewards.

Staking provides token holders with a way of earning token rewards in proportion to how many coins of the total pool they deposit into a staking smart contract and the time they choose to stake for.

It is this staking feature that will deliver price support while offering both positive capital returns and income yield to network participants.

Bitcoin BSC staking is operative now, even before the coin lists on the decentralized exchange PancakeSwap.

You can keep an eye on how many token holders are staking by visiting the real-time Bitcoin BSC staking dashboard.

You can snap up Bitcoin BSC at the low Bitcoin 2011 price of $0.99

$BTCBSC can be bought today for $ 0.99 – the same price the Bitcoin was at back in its 2011 early days, and a far cry from the $25,7000 it will cost you to purchase Bitcoin at today’s prices.

Bitcoin BSC’s comparatively low price means contributors to the presale could be sitting on substantial upside potential when the Bitcoin halving bull run takes off.

The four-yearly event that sees block rewards halved on the original Bitcoin network has previously ushered in mind-melting bull runs.

This halving is expected to have the effect of lifting all boats – especially the prices of quality Bitcoin clone derivative coins such as $BTCBSC.

Bitcoin BSC has the same total token supply as Bitcoin – 21 million. Of that total supply, 29% is up for grabs through the presale of 6,125,000 tokens, meaning BTCBSC has an initial market cap of $6,063,750.

Two percent of the supply is reserved for DEX liquidity provision to guarantee smooth trading at launch and beyond.

The remaining 14,455,000 BTCBSC tokens (69% of supply) is reserved for staking rewards, which are paid out every 10 minutes as new blocks are added to the chain.

At that token emission rate, the maximum supply will be reached in about 120 years – the same time frame as Bitcoin.

Presale and post-presale investors can buy and stake tokens at any time with a 7-day lock on withdrawals.

Bear in mind that because BTCBSC runs on the BNB Smart Chain, to buy and stake in the presale, you will need to use BNB for your purchase. However, those buying with ETH today can start staking after the presale ends.

Faster, cheaper, more powerful and expandable than other Bitcoin clones

Still, staking is not the only advantage BTCBSC has over Bitcoin and the larger-cap clone coins such as Bitcoin Cash, and Bitcoin SV.

For one thing, $BTCBSC uses a proof-of-stake protocol, which means it runs on a much more scalable blockchain that is also cheaper and more efficient to transact on.

Because BTCBSC is built on the BNB Smart Chain, transaction fees are less than $0.10, compared to around $10 on Bitcoin and approximately $20 on Ethereum, depending on network conditions.

Another advantage BTCBSC has is its fast transaction speeds, which are typically less than 5 seconds compared to 10 minutes for Bitcoin, BCH, and BSV.

BNB Smart Chain is capable of running applications, too, so there’s no limit to future development possibilities for Bitcoin BSC.

Bitcoin BSC has a lot going for it, and with only $3,960,000 being raised in the presale, demand is sure to be robust.

Crypto market prices are generally becalmed, but there are waters where the current is much healthier. In the Bitcoin derivative clone sector, there’s all to play for as far as bagging out 10x gains goes.

Get in early, and the rewards will not just accrue to long-term stakers earning a generous APY, but also to those who want the chance to access life-changing returns.

Powerbridge Technologies Invests in High-Performance Crypto Mining Equipment 3388

Powerbridge Technologies, a provider of multi-industry technology solutions, has announced its recent acquisition of 1,200 units of A1346 Avalon Bitcoin Miners. The investment aligns with the Company’s long-term strategy in the crypto market.

The A1346 Avalon Bitcoin Miners with a hash rate of 104TH/s, are known for their high performance, stability, and ease of use.

Stewart Lor, CEO of Powerbridge Technologies, commented: “We believe that this investment will help us expand our presence in the crypto market. As a leading provider of technology solutions, we will continue to explore new opportunities to accelerate our growth and bring values to our shareholders.”

About Powerbridge Technologies

Powerbridge Technologies Co., Ltd. is a leading provider of multi-industry technology solutions. The Company offers software and platform applications, IoT platform services and intelligent devices, supply chain platforms and interactive media services, metaverse and digital services, and cryptocurrency asset operations and services.

How blockchain games are changing approaches to education and business 3841

Blockchain

Author: Andrey Frost Moroz, CEO of Bluelight.inc

Blockchain games first emerged in the early 2000s and have undergone several transformations. We all remember CryptoKitties, which literally exploded the crypto and gaming communities, with cartoon cats selling for millions of dollars to sophisticated collectors. They were followed by PokemonGo, Axie Infinity, and thousands of other entertainment games, whose goal was easy money and fun pastime.

The coronavirus epidemic and the prolonged crypto winter, which lasted for over a year, exposed the “narrow” areas of blockchain games. Of course, entertainment games can occupy you, but do they provide valuable and useful skills? Rather not! Today, the gaming world has turned not towards entertainment, but towards education. Dozens of simulation games are entering the market that can, if not instill, then give an idea of important skills. I believe that the pioneer of this trend was Mark Zuckerberg, who announced back in 2022 that he intends to launch about 10 virtual universities in the metaverse Meta, and education will be conducted in the form of games. So far, these statements remain on paper and in plans, but the concept of developing simulation games has proven to be in high demand on the market.Today, you can find dozens of such games. For example, the game 0xUniverse is essentially a simulator of space construction factories and plants. It’s clear that playing the game, you’re unlikely to learn how to build spaceships, but you will definitely understand how it works and what components a rocket or satellite consists of. Another example is MegaCryptoPolis, a city-building simulator where players must build buildings according to certain rules, beautify streets, and maintain order.

However, my team and I went further and decided to create our own business simulator, a digital analogue of Silicon Valley. Players don’t just play and complete tasks. They learn how to manage projects, build teams based on the knowledge and abilities of each member, maintain a warm climate within the team, and much more.

If you’re seeing the Bluelight game for the first time, you’ll definitely notice familiar graphics and interesting characters. Yes, the creators of the cult NFT cartoon Take My Muffin became our partners in developing the visual part of the game. But if you immerse yourself in the gameplay, every gamer will be able to find useful information or gain new skills. It’s like trading cryptocurrency on a demo account: you’re making real trades, but you’re not losing your money in case of failure. Demo trading allows you to acquire and consolidate basic trading skills and understand how orders work, how to read technical analysis, and what all these Japanese candles, figures, and curves mean. The same thing goes for Bluelight.

So what knowledge and skills do users gain just by playing the game:

1. The ability to plan is a skill that many people lack. Poor planning leads to wasting time on project implementation and, in some cases, losing money and clients. By playing Bluelight, you will learn to accurately plan the time needed to complete a task.

2. Delegation is another important factor in business. Not all tasks can be delegated, nor can they be assigned to every employee. You will understand this better if you assign a task to the wrong character. By studying the abilities and experience of the characters, you will learn to accurately determine the executor and delegate tasks to them.

3. Team building is a crucial component of a successful business. A strong and loyal team is half the battle. Our simulator helps you learn to identify and meet the needs of each team member, from their work environment to their salary and vacation.

Who will benefit from our game? I would say everyone, without exception, because these are skills that will definitely come in handy in life. However, I would particularly recommend playing Bluelight to novice entrepreneurs who are just taking their first steps in business. By the way, you can get exclusive access to the game here (email or contact form). Soon, we will launch an open beta version, and anyone will be able to play Bluelight.

Will Bitcoin continue to fall? 6854

Bitcoin

It’s no secret that the cryptocurrency market is quite volatile. Almost any piece of global news can affect the price of digital assets in one way or another. Take billionaire Elon Musk, for example, who was able to influence the price of Dogecoin simply by tweeting. However, this does not always happen because of a particular case and with a particular coin. In 2020, for example, the world went into lockdown for the first time in a long time. Countries’ borders were closed and the logistics of many goods began to be disrupted. People had to stay at home, fearing for their health. The Covid-19 pandemic was to blame. You would think that a virus could have an impact on digital assets. As it turns out, it was able to reach cryptocurrency as well. Because of problems in the economy, cryptocurrency has begun to lose value.

This did not last long, and a year later Bitcoin set a new historical high. The price of the first cryptocurrency was above $63,000. Those enthusiasts, who during the chaos and lockdown did not stop believing that cryptocurrency was the future and continued to invest in digital gold, were able to make good money in just one year. Bitcoin began to be prophesied to reach $100,000 in the near future. There were many explanations from analysts and financial experts that Bitcoin could do this. Today, however, the picture for the crypto industry does not look so rosy.

Since the beginning of 2022, the first cryptocurrency began to lose heavily in price, for various reasons. Today, we can observe that Bitcoin is in prolonged drawdown, just like all other digital assets. Some call it a “crypto-winter”. This has already happened to the crypto market more than once. But why is the fall so noticeable?

Experts attribute the prolonged decline in quotations to the fact that the Federal Reserve System is tightening policy in the US, which raises rates to contain inflation in the country.

As cryptocurrency is a risky asset, investors and traders are trying to get rid of it or keep it to a minimum.

Also, the recent news that one of the world’s largest cryptocurrency exchanges, FTX, has filed for bankruptcy has not had a positive impact on the value of digital assets either. The first cryptocurrency still remains in a kind of sideways position. At the time of writing, it stands at $16,993, according to CoinGecko.

What if Bitcoin keeps falling?

If the cryptocurrency drawdown continues, nothing good can come of it. As analysts say, this will entail quite serious and large changes in the global crypto market. A similar scenario was discussed this summer, in the online edition of CNews. The publication’s experts believe that continued drawdown will mean that many tokens that are not widely known will simply disappear, until there are only the top and in-demand coins that are able to survive in today’s realities.

Of course it is too early to talk about it now, things may change tomorrow if there is any positive news. But we can only wait and see what happens.

And to start trading cryptocurrencies today, you can use the RevenueBot cryptocurrency bot service.

CME Group Announces Launch of Euro-denominated Bitcoin and Ether Futures 7346

CME Group, the world’s leading derivatives marketplace, today launched Bitcoin Euro and Ether Euro futures.

“The launch of these new futures contracts builds on the strong growth and deep liquidity we have seen in our existing U.S. dollar-denominated Bitcoin and Ether futures contracts,” said Tim McCourt, Global Head of Equity and FX Products, CME Group. “Our new Bitcoin Euro and Ether Euro futures will provide institutional clients, both within and outside the U.S., with more precise and regulated tools to trade and hedge exposure to the two largest cryptocurrencies by market cap.”

Bitcoin Euro and Ether Euro futures contracts will be sized at five bitcoin and 50 ether per contract. These new contracts will be cash-settled, based on the CME CF Bitcoin-Euro Reference Rate and CME CF Ether-Euro Reference Rate, which serve as once-a-day reference rates of the euro-denominated price of bitcoin and ether.

These new futures contracts will be listed on and subject to the rules of CME.

For more information on this product, please visit https://www.cmegroup.com/cryptocurrencies#explore-our-cryptocurrency-products.

As the world’s leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.