Alarm Over Bitcoin Mining 5199

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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Microvisionchain announce MVC-20: The first protocol for free-minting assets on the bitcoin sidechain 10369

The future of assets protocol:

Fair launch, simplicity, efficiency, and low transaction fees

As we journey through 2023, the blockchain industry is buzzing with excitement, particularly the BRC-20 token market, led by the innovative Ordinals protocol. Moving forward, in 2024, the surge in market demand has ignited a quest for more efficient blockchain functionality, lower gas fees, and simplified operations. The market is also yearning for a fair competition environment for all participants.

Enter MVC-20, a revolutionary assets protocol that fully harnesses the high concurrency and low latency transaction characteristics of the MVC Layer1 smart contract. It’s designed to build an innovative fair distribution mechanism that addresses the fairness issues plaguing traditional models. MVC-20 is poised to bring about a seismic shift in the Bitcoin ecology token and NFT markets.

Introducing MVC-20: The First Protocol for Free-Minting Assets on the Bitcoin Sidechain

MVC-20 is a trailblazer, being the first free-Mint assets Protocol on the MVC Chain. It adopts a unique “burn to mint” mechanism, ensuring a fair start for everyone – no pre-sales, no whitelists, no team allocation, and no gas fee front-running transactions. The cost of minting MVC-20 tokens is burned, converting the value of the burned ‘Space’ [MVC network’s gas] into the intrinsic value of the MVC-20 token, without flowing into the project party or miners’ wallets.

Introducing the Burn to Mint Mechanism:

MVC-20 stands out from BRC-20 asset protocols with its innovative Burn to Mint concept. This allows the deployer to decide the burn rate of the MVC-20 token at deployment. Subsequently, all users who mint the MVC-20 token must burn a specified amount of SPACE [MVC network’s gas] to carry out the minting. The burn rate can be set between 0 and 10 quantity of SPACE.

Key Features of MVC-20:

  1. Layer 1
  2. Fair distribution [Fair Launch]
  3. High concurrency and low latency transactions
  4. Burn to mint
  5. Customizable: Burn rate 0-10 Space
  6. Permissionless
  7. Multi-functional Launchpad
  8. Compatible with various existing ecosystems and wallets, such as Show3, Orders.Exchange, MVCswap, Metalet and Indexer

MVC-20 Official Launch Day:

Starting from January 22, 2024 [UTC 15:00PM], user can begin to explore the innovative burn to mint mechanism of MVC-20 protocol. Get ready to experience the future of blockchain with MVC-20.

For more details, please visit:
https://mvc20.space/
https://mvc20.gitbook.io/intro

Microvisionchain: Introducing the Ultimate Solution to Bitcoin’s Scalability Challenge!

Microvisionchain presents a novel concept of Unified Scaling Ecosystems for Bitcoin, aiming to resolve Bitcoin’s scalability issue definitively. This plan doesn’t merely offer a same structure to Bitcoin but enhances Bitcoin’s capabilities by:

1. Superior Scaling:
Introducing a scaling solution that outperforms traditional ETH layer2 solutions. Imagine a Bitcoin ecosystem that’s ever-expanding, equipped with a Turing complete smart contract layer, and offering ultra-low fees without congestion.

2. User-Friendly:
Keeping it simple. A single private key can be used across all related second layers/sidechains, making the transition of ecosystem applications seamless and straightforward.

3. Unified Ecosystem:
Unifying countless second layers/sidechains with BTC at the core to collectively tackle BTC’s scalability issues. This will enable global user participation in Bitcoin ecosystem applications.

Implementation Steps:

Step 1: 1 MVC

The MVC node is expected to upgrade in March or April 2024, enabling the BTC ecosystem to transition seamlessly to MVC. MVC has already solved its scalability issue, with a measured TPS of up to 10,000 and transaction fees lower than 0.1 cent. MVC is the first Bitcoin-structure side-chain to implement a layer 1 smart contract on the UTXO structure, enhancing user experience and application capabilities.

Step 2: 100 MVCs

Developers can run a replicated MVC network within half an hour and adjust parameters as needed, provided the core UTXO structure and underlying capabilities remain unchanged for future compatibility with MVC and BTC.

Step 3: Use of Bitcoin

The creation of a global Unified Scaling Ecosystem for Bitcoin will permanently solve BTC’s scalability issue. Having 100 MVCs equates to having 100 large UTXO networks fully conforming to Bitcoin. Subsequent updates will support these 100 MVCs and various third-party Bitcoin-structure second layers/sidechains/ecosystems to form a globally expanding Bitcoin ecosystem expansion network.

Supporting ecosystems:

  • Mapping Satoshi Asset Bridge
  • UTXO chain block time synchronization system
  • Wallets that support multiple chains, and more.

We’re confident that, through MVC’s POB mechanism with builder grant program, we can attract global developers to revolutionize the whole blockchain industry and permanently resolve BTC’s scalability issue together.

Benefits of the MVC Unified Scaling Ecosystem plan:

Microvisionchain is a simple and elegant scalability solution that will permanently solve Bitcoin’s scalability issue and enable Bitcoin assets to possess smart contract capability. It is a superior scaling solution than many ETH second layers, uniting future second layers to collectively address Bitcoin’s scalability in a global network.

Blockchain mining platform Pacminer has announced a collaborative investment of $50 million to enhance substantial mining pools and cloud computing infrastructure within the Ghanaian region 10114

On October 20th, since its foray into the Ghanaian sector, blockchain mining platform Pacminer has not only introduced innovative employment and investment paradigms to the locale but also significantly broadened the scope of the mining market, earning the fervent acclaim of over a million global users. In a bid to expand its industrial chain and augment user earnings, Pacminer has declared a joint venture with Ghana’s relevant departments and blockchain platforms, pledging an investment of $50 million. This substantial capital is earmarked for the optimization of extensive mining pools and advanced cloud computing apparatus, poised to cater to the surging user exigencies within the Ghanaian domain.

Over recent years, through relentless advancements in equipment and technology, Pacminer has catapulted its network mining capacity to over 20% within the industry, thereby earning recognition from various societal echelons. This collaborative endowment is also indicative of the platform’s profound credibility. Capitalizing on its collective resources and cutting-edge technology, Pacminer is set to orchestrate a continuous intelligent evolution of mining rigs throughout their entire lifecycle. This strategy is intended to deeply integrate smart computing power throughout the mining process, consequently lowering both the financial and technical barriers for users in the Ghanaian enclave, streamlining their mining endeavors.

Comprising early cryptocurrency investors and researchers, the team members at Pacminer bring a wealth of R&D and operational experience within the digital currency realm. It is through the extensive knowledge and professional expertise of this core team that Pacminer actively facilitates the global free circulation of the digital economy. In its current initiative, Pacminer is optimizing mining pool construction solutions to achieve the most efficient output at the lowest costs, while also offering clients comprehensive, full-industry-chain solutions. This strategic approach not only underscores their commitment to excellence but also fortifies their role as catalysts in enhancing digital economic exchanges globally.

The realm of mining pool extraction has transitioned from a digital phase into an era of intelligent refinement, where meticulous mining methodologies are gradually supplanting the erstwhile extensive modes of extraction. Embracing principles of green development, Pacminer prioritizes the utilization of large-scale data centers powered by low-carbon energy sources. Employing distributed node consensus algorithms for the generation and renewal of data, the company ensures minimal disturbance to the mining areas and their surrounding ecological environments during the extraction processes. This approach is further enhanced by a judicious selection of mining methods, coupled with the efficient deployment of innovative technologies for astute oversight, reflecting their dedication to environmental stewardship and sustainable practices.

Focusing on machine upgrades tailored for the sector’s sealing process and profound algorithm optimization, expert personnel anticipate that the current enhancements to the substantial mining pools and cloud computing infrastructure will boost extraction efficiency in Ghana by 20%. These advancements are poised to elevate the high availability and reliability of data access, laying the groundwork for long-term stability of online data. Furthermore, they provide the agility to expand storage capacity flexibly, catering to the demands of a high-caliber cloud computing platform. This strategic foresight not only signifies a leap in operational excellence but also reinforces the commitment to seamless, uninterrupted access and data preservation in the evolving digital landscape.

Leveraging its formidable expertise and robust advantages, Pacminer remains steadfast at the industry’s vanguard, perpetually delving into and discerning solutions quintessentially suited for contemporary scenarios. By effectively curtailing mining expenses and continually amplifying computational power, the platform is unwavering in its commitment to safeguarding user interests. It is this pioneering spirit that not only guides but also propels industry growth, marking Pacminer as a luminary in the ever-evolving digital mining landscape.

Adventures in the Mine of Digital Wealth – An Ordinary Person’s Real Experience of Getting Rich 10841

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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 10714

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 3403

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 3871

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.