MoonLite Is Giving Investors A Chance To Get Started In Crypto Mining 417

With the overall market capitalization of cryptocurrencies gradually trending towards $1 trillion, increasing from just under $20 billion at the start of 2017 to over $700 billion at the beginning of the current year, it’s simply a good time to invest in the revolutionary technology called blockchain. Last year alone, bitcoin, the pioneer cryptocurrency, which introduced the blockchain technology too, rose from the $1000 region at the beginning of the year to over $19,000 at a point during the year.

Over the past month, or so, cryptocurrencies including ethereum, litecoin and ripple have enjoyed impressive rallies too. With governments and financial institutions around the world exploring the possibilities of issuing some form of cryptocurrency to benefit from the improved efficiency that blockchain powered money brings to the digital world, it’s safe to say that cryptocurrencies are here for the long haul and they’re likely to change the way we use money. The case for investing in blockchain and cryptocurrencies has never been stronger. The problem, however, is that the cryptocurrency market is plagued with instability and many useless coins, making it difficult for long-term investors to find a good entry points. Moreover, at present, partly because it’s still early days, it’s currently difficult to determine what a fair value is for cryptocurrencies. So this leaves the question of how to, genuinely, benefit from the blockchain and cryptocurrency revolution over the long term.

One effective way is to invest in cryptocurrency mining, the process that generates new cryptocurrencies. Many of the major cryptocurrencies including bitcoin, ethereum and litecoin depend on mining to function.

What miners do and why they’re important

Mining cryptocurrencies simply has to do with the process of verifying cryptocurrency transactions and adding them to the public ledger. Recall that crypto transactions are peer-to-peer, which means there are no intermediaries. In order to maintain the integrity of the system and avoid double spending, which had been one of the things that the traditional banks do, miners serve as witnesses to transactions. To verify transactions, miners use a computer or group of computers to solve a mathematical puzzle, called cryptographic function and they are rewarded with freshly generated cryptocurrency – the part that’s actually the mining. Miners can either sell the cryptocurrency rewards for fiat money on exchanges or keep them as an investment to bet on an increase in the value of the cryptocurrency. Just to point it out, it’s the process of mining described here that leads to an increase in the number of cryptocurrencies in circulation.

Is cryptocurrency mining profitable?

In a similar fashion to the saying that “not all cryptocurrencies are created equal,” all cryptocurrencies aren’t equally profitable. Cryptocurrency mining is designed to increase in difficulty as the number of miners of a particular cryptocurrency increases and the number that cryptocurrency in circulation increases. Consequentially, the cost of mining a cryptocurrency tends to increase as the usage of that cryptocurrency increases. So there’s simply no one formula to determine if cryptocurrency mining is profitable on an overall basis. Like all businesses, it would depend on the set up — like how much computational power is allocated to the mining of the cryptocurrencies of interest and the energy tariffs at the mining site. On a general basis, setting up a mining operation that is profitable depends on the ability of the owners to identify areas where energy costs are relatively lower and the cryptocurrencies that offer lower costs on a relative basis so they can assign them more computing power just to optimize operations.

Specific cryptocurrencies like bitcoin and ethereum have been said to be profitable for miners. For instance, bitcoin miners in China reportedly break even at $6,925 per bitcoin when energy cost in China is at its highest, according to Bloomberg New Energy Finance. With bitcoin hovering around the $14,000 mark, this means that bitcoin miners in China potentially making about 100 percent profit.

In addition, a calculation on the website Ethereumin suggests that, with a Geass ASIC setup, which cost about $2,289 with the capability to provide 200 MH/s (mega hashes per second) in hash rate, your profit could be 18.215 ETH in a year. With this sort of profit margin, it’s safe to say that a properly set up mining business should be profitable over the long haul.

How to Invest In Cryptocurrency Mining

There are mainly two ways to invest in the cryptocurrency mining business. You can setup either your own mining operation or investing in a mining business. If you have the technical expertise and time to start your own mining rig, as it’s commonly called, it could be profitable. However, for most people, the best option would be to invest in a mining business and one of the easiest options is to buy tokens during the ICO of a cryptocurrency mining company.

MoonLite is one of such companies. The MoonLite project is an industrial scale cryptocurrency mining operation focusing on the mining of all forms of bitcoin, litecoin and dash.

Cryptocurrency mining operations have been under pressure in recent times for the amount of energy they consume. In fact, Power Compare, a U.K. energy tariffs comparison platform cited Digiconomist, a cryptocurrency power usage tracking website, to suggest that bitcoin mining operations now account for approximately 0.13 percent of the total global electricity consumption. Going by that number, if bitcoin miners were a country, they would be the 61st largest consumer of electricity in the world. While some researchers have argued that Digiconomist’s data has a few layers of error in it, there’s no denying that bitcoin mining consumes a considerable amount of energy — just like any set up of computers doing high-level computation.

These consumption issues have started making governments around the world look into crypto mining operations. In the end, only cryptocurrency mining projects built to be efficient in terms of energy would win. That’s one thing to like about the Moonlite project.

Moonlite is building its first datacenter in Iceland, which is the unofficial capital of the world datacenter due to its inherent need for more heat energy that datacenters could offer. Moonlite datacenter will be running at roughly 14.6MW with 100 percent of the power coming from green sources. The mining company has been able to lock down a 12-year fixed and guaranteed energy cost with the Icelandic Power Producer at a huge discount to the local energy cost. It’s worthy to note that Iceland already has one of the cheapest energy tariffs in the world.

MoonLite plans to start its ICO on February 28 although it’s currently offering a presale, which will end before the start of the main ICO. Another unique thing about the MoonLite ICO, unlike many ICOs, is that the MoonLite tokens confer voting rights on all of the company’s financial, HR and branding affairs through Secure.Vote. That offers an extra layer of security and transparency that’s often missing in the ICO market.

To bring it all together, in world that’s filled with over a thousand cryptocurrencies from which one is to decide which ones are worth an investment, it might help to look in the direction of companies like MoonLite who help bring cryptocurrencies to the market.

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ShowPay successfully raised funding of $1.5 million to build MetaID 5078

ShowPay, a well-known blockchain enterprise from the Bitcoin SV (BSV) ecosystem in China announced the completion of an angel round of funding. This round of investment is led by Jinghe Investment, a subsidiary of China Lantian Corporation, with another VC participating. The funds will be mainly used for: 1) strengthening the basic research and development of the global distributed ID “MetaID” based on BSV; 2) establishing a non-profit fund to promote the adoption of MetaID; 3) expanding the team.

ShowPay is a blockchain company established in 2019 with the main development team in Guangzhou China. It is a blockchain company focusing on the underlying technology of BSV.

According to the investors, the chairman of Jinghe Investment Mr.Gong said, “I think the global ID based on blockchain is the most important link in the future blockchain world, and it must be the next wave of the blockchain industry, because without the global ID based on blockchain, it is impossible to usher in the large-scale popularization of blockchain applications. I am very optimistic about the MetaID being built by the ShowPay team. I believe that MetaID will become the largest global ID scheme on the blockchain in the next five years, and will become the most important infrastructure of the next generation Internet. We will continue to invest in important infrastructure blockchain projects.”

Jinghe Investment is a company with a background related to China state-owned assets. Previous investment cases of Jinghe were mostly industrial projects, and it is the first time they’ve invested in blockchain field projects.

It is one of the largest investments to date in Chinese BSV enterprises, highlighting that more and more people in China can see the value of BSV. The ShowPay team hopes that in the future MetaID can detonate the explosion of blockchain ecology and make blockchain a technology that really benefits society.

TOMIA and Clear Join Forces to Deliver A New Blockchain-Based Automated Approach for The Global Roaming Ecosystem 7378

TOMIA, the market leader in end-to-end connectivity optimization solutions, and Clear, the developer of blockchain-based settlement and clearing networks, today announced a partnership to provide the global roaming ecosystem with a joint roaming management, reconciliation and settlement platform. Combining Clear’s best-in-class blockchain solutions and TOMIA’s roaming deal management and settlement solutions, the two will collaborate to offer the telecoms industry increased savings and efficiency. This partnership will formulate an end to end solution for both existing as well as new services from set up to settlement, for the enablement of new 5G, IoT and edge services. This platform will truly transform the Operators’ ability to innovate and increase revenues in the coming years.

TOMIA is upgrading its roaming deal management and partner settlement applications to be interoperable with various blockchain workflows ensuring partner collaboration and automation for the blockchain enabled partners. The partnership between Clear and TOMIA brings together the strengths of both Clear’s blockchain solution with TOMIA’s application ensuring a seamless wholesale roaming deal management and settlement solution for both blockchain and non-blockchain partners.

Clear is changing B2B trade by enabling enterprises to seamlessly transition from the current inefficient and manual processes to automated settlement and clearing systems, reducing disputes and creating a more collaborative, frictionless ecosystem. As the telecommunications industry continues to develop rapidly, Clear and TOMIA will work closely together to support the industry in this venture by developing new solutions for the automation of wholesale roaming settlement processes. The pair will also collaborate to build a joint blockchain-based solution with the aim of enhancing both parties’ current service offerings.

Marco Limena, CEO of TOMIA, said, “TOMIA and Clear share the common goal of seeking to offer transformative solutions to the telecommunications industry. Automated settlement solutions that drive partner collaboration and dispute automation processes are something the telecommunications industry has wanted for some time. It brings the much-needed benefits such as reduced costs, improved time management, and increased cash flow efficiencies. System upgrades like these are increasingly important at a time when the industry is undergoing significant change, and telecoms providers seek to drive connectivity through new innovative technologies like 5G.”

Commenting, Eran Haggiag, Co-Founder and Executive Chairman of Clear said, “We are thrilled to enter a strategic partnership with an industry leader like TOMIA. Our partnership gives expression to our commitment to working side by side and sharing expertise and insights in order to cultivate new solutions that will automate the entire wholesale roaming settlement process, right the way through, from agreement management to settlement stage.”

About TOMIA

TOMIA was formed from the merger of Starhome Mach and Telarix, industry leaders in Roaming and Interconnect. TOMIA offers transformative connectivity solutions to service providers worldwide. Its innovative offering enables customers to manage a unified optimization process of both roaming and interconnect while driving the future of connectivity through new technologies and services such as VoLTE, NFV, Machine Learning and 5G. With regional headquarters in the US, Israel, Luxembourg, India, and a presence in over 30 countries, TOMIA serves over 400 operators globally. To learn more visit www.tomiaglobal.com.

About Clear

Clear builds blockchain-based settlement and clearing networks for global industries. Founded in 2018, Clear facilitates frictionless B2B trade by enabling enterprises to transition from current inefficient and manual processes to real-time trading and clearing on a global scale. Clear’s platform helps enterprises automate contracts and data management while guaranteeing control, security, and privacy in networks with multiple partners. This also provides automatic payments and clearing, reducing transaction fees, long payment cycles, and managing fraud prevention. For more information, visit www.clearx.io.

LH-Crypto: the Difference between a Crypto Broker and a Crypto Exchange 7945

Bitcoin

There has been over two years since LH-Crypto, the first crypto broker, entered the market. Before and after that, there have been launched many crypto exchanges that enable people to trade with different digital currencies, so what’s the point of creating a crypto broker? And what’s the difference between it and a normal crypto exchange? We have studied this question and we can share our insights with you.

Let’s start with trading instruments. On a crypto exchange, one can obtain crypto currency and different tokens based on such currencies. LH-Crypto broker has a much wider choice of everything one might need: stocks, crypto, commodities, metals, currency pairs. All of it one can buy or sell from one account, no need to open a special account for every type of assets.

Replenishment and withdrawal

On a crypto exchange, one can operate with only cryptocurrencies, while with LH-Crypto broker, one can open an account and use it for operations with crypto and Euro at the same time. Therefore, one can replenish his or her account not only from a crypto wallet, but also with a bank wire or just a card transaction. And the broker does not charge anything for that. Moreover, if a bank charges a commission for card transactions, LH-Crypto compensates it, so the account is replenished with the full amount charged from the client.

Withdrawal is also available for both a crypto wallet and a bank account. But there is one little thing – one should always use the same method for withdrawal as the one he or she used for replenishment. For example, if one opens an account in Bitcoins, replenishes it from his or her Bitcoin wallet, then it’s not possible for him or her to withdraw funds to a credit card.

Also, it is important to note that there are two ways to withdraw funds from an LH-Crypto account: manual and automated. Automated withdrawal is fast and convenient. A client just needs to fill in a form in their Client Area on the site, and the funds are withdrawn instantly. The only drawback is that the daily limit is 500$. For a larger amount of money, one will need to fill in a paper request, sign it with his or her own hand, upload a scanned copy to their Client Area; in a couple of days the request is checked and approved by the Finances Department: this is when the client finally gets the funds. This is done solely for the safety purposes, so there is no objection to this policy of LH-Crypto.

Verification

Exchanges have rather strict policies in verifications of their new clients. For registration, one normally needs to go through a time-consuming procedure, which includes but may not limit to providing personal documents, uploading special photos or videos with the client’s face and other peculiar requirements from different exchanges. After all the manipulations have been finished, one still needs to wait till his or her account is verified, which may take up to several days.     

LH-Crypto exchange enables a client to register without providing any personal data, only an e-mail. However, that only works for crypto accounts and for one service type – Start. A Euro account or more advanced tariffs – Standard or PRO, which have lower commissions and higher daily limits for withdrawal, – will demand going through a KYC procedure. Know Your Client is a verification system that includes checking basic documents – a passport or any other ID that has a photo and a special number on the same page, like a driving license. Verification will not take much, just up to 48 hours.

Leverage

The broker provides much higher leverage than exchanges. It makes trading more easily accessible for everyone. The higher is the leverage, the less are the funds that a client needs to invest at first. But higher leverage also means higher risks; to control them, one needs to make sure if there are enough funds on the account. To lower potential risks, LH-Crypto broker adjusts the leverage automatically, so that the leverage level was perfect for every account size and every service type.

Shorting

Another peculiar feature that makes a broker stand out. All exchanges are designed so that only its clients can buy or sell assets there. Usually, there are not too many clients, so if an unpopular coin loses liquidity and its price goes down, it can be hard to find a buyer. Meanwhile, brokers provide a purely speculative income, so it is possible and even simple to earn not only from growth, but from falling prices as well.

Moreover, the technologies used by brokers allow one to turn on special programmes to influence his or her trading, like trading advisors or robots that analyse the technical data and help find the best moments for coming into the market and opening an order.

To conclude, it is also important to mention another nice feature of LH-Crypto broker – it often offers different bonus programmes with up to +200% as a gift for opening or replenishing an account. And even though at this particular moment this offer is not active, LH-Crypto announced that soon it will start other bonus programmes.

Bitcoin SV now is available for trading against euros at a regulated crypto exchange, NovaDAX 8149

NovaDAX, the popular global digital asset exchange that originated in Brazil, today announces that it has introduced support for buying and trading Bitcoin SV [BSV] for its European customers. With immediate effect, a BSV/EUR trading pair is available for use on NovaDAX, part of a range of new offerings following the launch of its European operations earlier this month. The move by NovaDAX to launch Bitcoin SV trading for its European customers follows the introduction of BSV/BRL and BSV/USDT trading pairs earlier this year. It comes as demand for Bitcoin SV continues to climb globally, as the utility of its massively scaling blockchain drives growth across its ecosystem of applications and services. Bitcoin SV also functions as a fast and cost-effective payments rail (sending a BSV payment currently costs less than 1/100 of a U.S. cent).

Launched in 2018, NovaDAX quickly grew to become one of the top exchanges in both Brazil and Latin America. In October 2020, NovaDAX officially launched its European operations via its UK Financial Conduct Authority (FCA) authorised entity, introducing several EUR fiat trading pairs, as well as the ability to deposit and withdraw via SEPA for all customers in European Economic Area (EEA) countries. NovaDAX in Europe offers all of its services in full compliance with all relevant EU laws and regulations. The entity of NovaDAX in Europe, is authorised as an Authorised Payment Institution (API) and an Electronic Money Services Directive (EMD) agent by the FCA.

Speaking on today’s announcement, Beibei Liu, CEO of NovaDAX, said:

“We’re developing NovaDAX in the European market to achieve outstanding results, just as we did in Brazil. We aim to provide the best liquidity in BSV/EUR trading pairs amongst all the major competitors in Europe while being regulated and authorised. We see huge potential in the adoption of Bitcoin SV and are aiming to provide the best experience in BSV trading which will bring us a lot of long term growth.”

Jimmy Nguyen, Founding President of Bitcoin Association, the Switzerland-based global industry organisation that supports BSV, commented on today’s news, saying:

“Bitcoin Association welcomes the addition of new fiat on-ramps to buy and sell Bitcoin SV for our European community. As a business that prioritises operating in a transparent and legally-compliant manner – and one that has already seen first-hand the growing wave of demand for Bitcoin SV all over the globe – NovaDAX is an ideal partner to continue that growth story across Europe.”

About NovaDAX

NovaDAX is a leading global crypto trading exchange, providing various crypto trading services to global advanced traders. As an international exchange with world-class team members around the world, NovaDAX receives internal investments from its holding company, Abakus Group, which has raised $300m in Series A to D financing.

Powered by Abakus Tech, the Nova ecosystem has its headquarters in Switzerland and NovaDAX base is located in Sao Paulo, Brazil. With its global headquarters in Beijing, China, Abakus Group has offices in Europe, America, Brazil and Southeast Asia and a world-class team of tech experts from Google, Amazon, Tencent etc, creating a company DNA that is focused around technology, innovation and agility.

Yeahka’s Consumer Cloud Platform Listed as Registered Blockchain Information Service Provider by CAC to Explore Blockchain Application for Coupons 9641

YEAHKA LIMITED (“Yeahka” or the “Company”, stock code: 9923.HK), a leading technology platform in China, announced that its proprietary consumer cloud and blockchain-powered coupon platform (the “Consumer Cloud Platform”) has been included in the fourth set of blockchain information service providers released on 30th by the Cyberspace Administration of China (CAC). Yeahka’s Consumer Cloud Platform aims to provide merchants with solutions for store management and traffic-driving customer acquisition. So far, the platform has served almost 20,000 merchants to date, of which the majority issue coupons with the main product “YueHuiQuan” on consumer cloud platform and develop their own private traffic are restaurants, and snack and beverage vendors.

In terms of specific applications, any coupon transaction that takes place on the Consumer Cloud Platform can be traced, which allows coupons to be securely and reliably traded and regifted. Leveraging the data immutability of blockchain, the Consumer Cloud Platform creates a trusted and standalone network that operates independently of any third parties. It also makes it easier for the government to track the creditworthiness of merchants, manage commercial services, and protect consumer rights.

On January 10, 2019, the CAC published the Administrative Provisions on Blockchain Information Services, which became effective on February 15, 2019. As of today, the Internet regulator has released four sets of domestic blockchain service providers, involving a total of 1015 companies and projects. The compliance document of service providers aims to provide an effective legal basis for the provision, use, and management of blockchain information services.

Companies named so far have included major Chinese Internet giants, such as Tencent (00700.HK), Alibaba (9988.HK), Baidu (BIDU.US) and JD.com (JD.US), which indicates that blockchain technology will be applied to a wide range of situations and sectors.

Through the Consumer Cloud Platform, Yeahka will further explore its potential of applying blockchain technology to specific applications involving coupons. While optimizing the experience for both merchants and consumers, the Company will enhance its data analysis capabilities around private traffic and operations of coupons to optimize marketing efforts and boost the business growth for merchants.

Bit Digital Bitcoin Mining Company Releases the First Half 2020 Financial Results Announcing Over $10 Million Worth of Bitcoins Earned 10716

Bit Digital, Inc. (Nasdaq: BTBT), the Nasdaq listed Bitcoin mining company headquartered in New York, released the first half 2020 financial results report at 9:00 EST on October 19, 2020. The report showed the Company has earned 949.51 bitcoins since its principal business shifted to bitcoin mining in February 2020.

Highlights from the first half 2020 financial results include as follows:

1) Bit Digital (NASDAQ: BTBT) has reached 1250 PH/s of bitcoin hash rate capacity and ranked one of the largest Nasdaq listed bitcoin mining company in terms of the computer power.

2) Bit Digital launched its bitcoin mining operation in February 2020. As of the date of the report, 22,869 miners have generated an aggregate of 949.51 bitcoins, approximately $10.08 million.

3) Bit Digital’s bitcoin mining business rapidly expanded. As of June 30, 2020, the bitcoin mining business has generated over $690,000 in revenue.

4) Bit Digital disposed of its peer-to-peer lending business and car rental operations in PRC.

The full first half 2020 financial results report is available on https://bit-digital.com/financial-information and showed that after the shift of the main business of Bit Digital’s (NASDAQ: BTBT) to bitcoin mining, the Company swiftly accumulated computing power while rapidly expanded operations and miners. Erke Huang, the Chief Financial Officer of the Company, said, “The bitcoin mining industry is becoming a sought for alternative asset allocation, and we’re looking forward to making bitcoin mining business more accessible to the public and investors.”