I am very new to mining, i've had a 3070 since last december and since I've really lost interest in gaming I should solo mine and learn about it. I'm using minerstat and kawpow which runs between 27-29 mh/s at 145watts and 99.6% efficiency. The projection for the last 24hrs had been i was mining…
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A company that is built on porn is totally changing its own business model because banks and payment processors are forcing them to. If crypto was just a little more mainstream this would not be able to happen. We are still so goddamn early. Change is coming. submitted by /u/gourmet_hot_dog [link] [comments]
I know the ETH 2.0 POS algorithm uses slashing to avoid bad behaviour, but in order for it to work, there must be hard rules for when someone will be slashed, right? I don't really understand it yet and got a lot of questions. What event is considered slashable? Who decides if someone will be…
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“As the Polygon ecosystem grows, the committee members have a front-seat opportunity over others to increase cross-collaboration for their products,” said the platform.
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There are countless posts asking what we desired most or what we want to get when selling our precious crypto. Many people say paying off debt, mortages, getting a house, financial freedom. So in the end we all just want FIAT plain said, but it is the truth. We talk about mass adoption of crypto,…
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hello, first time mining rvn coin. my 3060ti stopped working and they changed me for 3060 LHR version. is it normal to have this much incorrect shares? i am trying with lowering memory clock and still giving me incorrect shares. thank you https://preview.redd.it/62n408jv5di71.png?width=1299&format=png&auto=webp&s=eaad399e318d51e5111911577d44c74547df29d4 submitted by /u/dogdreamming [link] [comments]
On-chain data shows Bitcoin netflows are still deeply negative, a sign that means BTC remains bullish. This is despite the dip to $44k. Exchanges Observe Deeply Negative Bitcoin Netflow As per a CryptoQuant post, the Bitcoin netflow indicator has been deeply negative recently, suggesting that signs are still overall bullish for the market. Related to the netflow are two other indicators, the outflow and the inflow. The first one is defined as the total amount of BTC flowing out of exchanges towards personal wallets. Related Reading | Hot Bitcoin Summer. But Why Altcoins Are On The Rebound When the value of this metric goes up, it means more investors are interested in hodling or selling through OTC deals. The inflow indicator is just the opposite; it is the amount of Bitcoin moving from personal wallets to centralized exchanges. When the value goes up, it implies more investors want to sell their coins or exchange for altcoins. The netflow is calculated by subtracting the inflow from the outflow. When this indicator has a negative value, it indicates there are more outflows happening than the inflows. Such a situation could signify there is a buying pressure in the market. Related Reading | Will Ethereum Reach Its All-Time-High Before Bitcoin? On the other hand, a positive value happens when inflows are overwhelming the outflows. Thus, a positive value could mean there is a buying pressure in the market. Now, here is how the chart for all exchanges BTC netflow looks like after taking a 30-day moving average to smooth out the curve: The BTC netflow shows negative values | Source: CryptoQuant Looking at the above graph, it seems like Bitcoin has started to catch a negative netflow trend with the values getting deeper more recently. Also, the chart shows some interesting correlations with the price of the coin over the past year. Before the bull run started, netflows were very negative. And when the crash happened, the curve became highly positive. Considering the above trends, it could possibly mean that decently negative values like right now could be bullish for the price. Bitcoin Price At the time of writing, BTC’s price floats around $45.5k, up 3% in the last 7 days. Over the past month, the cryptocurrency has amassed 53% in gains. Below is a chart that shows the trends in the price of Bitcoin over the past three months: BTC’s price zig-zags its way downwards | Source: BTCUSD on TradingView After stagnating around the $47k price mark, Bitcoin’s value seems to be going down. Right now it’s unclear how long this trend might last. If the netflows are anything to go by, signs still seem to be bullish for the cryptocurrency. Featured image from Unsplash.com, charts from CryptoQuant.com, TradingView.com
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