MineXMR is reaching too high of a hashrate and is approaching 50% hashrate. This would be bad and would give too much power to the pool to make soft forks and change code. It may not be the end of monero but it can lead to it. Right now google appears to put mine XMR…
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Nothing has shaped modern human life on this planet more than electricity. It powers our homes, our appliances, our heating and cooling systems, our electronics, our computers, our phones and the internet. It powers industry, science, research, hospitals, agriculture, manufacturing, construction, and public transportation. Electricity is so essential that we only realize how dependent we are on it when it is no longer available. As recent historic events have shown, including fires, floods, hurricanes and other severe weather events, our power grids are vulnerable to failure. They are built on aging and inadequate infrastructure. Whether these systems rely on the legacy electrical power generating systems or they are increasingly dependent on solar and wind, there are issues that we need to face in order to meet higher and higher demand. Global Power Outages In recent years, significant power outages caused by various events have affected countries all over the world. Natural disasters have shut down power grids and cut millions of people off for hours, days and sometimes even weeks. It is projected that violent weather and natural disasters will increase in frequency and severity due to climate change. Power outages caused by these events are inevitable. Just look at the recent past. Hurricane Ida tore a path of destruction through Lousiana in 2021, leaving over a million Americans in darkness for several days. A severe winter storm caused an outage in Texas, precipitating a major breakdown of the grid that cut power to over four million households, the largest and longest such outage recorded in U.S history. In Australia, the mega fire of the 2020 wildfire season created significant power outages, affecting millions. Many other nations have faced outages caused by unnatural factors, including regional unrest, terrorist activities and technical issues. Usually, power supply to a region requires complex mapping and transfers over transmission lines to regional substations. If one or more parts of this complex structure break down, an outage potent enough to shut down the entire grid may arise. Solutions through Blockchain Technology In recent years, many tech startups have tried to apply blockchain technology to the power sector in various ways. For some companies, the plan is to develop projects that enhance existing markets for electricity trading. For others, creating a blockchain-powered system that bypasses a central utility provider and enables peer-to-peer transactions is paramount. In addition, other startups track the production and distribution of clean energy using blockchain technology. Avatu is a new kind of company, one that seeks to revolutionize power distribution through blockchain technology and address issues around the reliability and dependability of energy distribution. As increased demand for electricity continues to spike and the current grid is unable to handle the pressure, Avatu has a solution that will democratize the distribution of energy and create an entirely new market within the electrical distribution ecosystem. The company has a solution that will allow users to transmit stored power on demand, managing the entire storage and transmission process through a decentralized blockchain system for reliability and transparency. Avatu will use a Proof of Power (PoP) consensus algorithm to ensure that readings are reliable and ready for deployment. Decarbonization Through Decentralization Avatu is a tech startup that focuses on delivering energy-related solutions and services. The company will address the issues of fragile and unreliable power utility grids, the rigidity of renewable power, and high costs of power consumption through a democratized power system run by its native token economy. The Avatu ecosystem accommodates ever-growing global energy demand by providing services anywhere there is power generation and consumption. Avatu facilitates seamless and instantaneous demand-based power generation and supply while rewarding users through its AVATU token. The main component of the Avatu system is The Magic Box which is designed for individual, residential use. It is a lithium-ion-based 1kWh battery that connects to the internet with a battery that discharges 250Wh for four hours. The Magic Box only requires a standard power outlet and a connection to an available wireless network. The link connects the Magic Box to the AVATUChain and allows users to track it on a mobile app or desktop dashboard, enabling real-time power generation and supply monitoring. The Magic Box also allows its users to perform energy mining to earn its native token. Solving Real-World Problems As the global population increases, demand for power will continue to surge. Avatu is seeking to prevent shortages and/or complete outages via the blockchain and change the face of power storage and distribution as we know it. Regions susceptible to power outages can rely on The Magic Box for a decentralized, user-powered network to access needed energy bringing more utility to crypto while solving problems that individuals might not otherwise be able to participate in.
The U.S. Treasury affirmed that crypto miners and wallet operators are exempt from the IRS reporting rules, preparing appropriate regulations.
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Ethereum (ETH) is trading at USD2,932.45, with a trading volume of USD9,666,018,686 in the last 24 hours. Ethereum price posted a gain of 1.23%, a 24-hour low of $2,870.18, and a high of $2,980.08. It is currently at the No. 2 spot on the Coin Market Cap chart, with a current market cap of USD350,616,744,281. Tokens in circulation now total 119,564,241 ETH. Three months ago, ETH – the second-biggest cryptocurrency – was trading at $4,809; on Jan. 11, 2022, it dropped to $3,251, and on Feb. 4, it was at $3,026. Other currencies, including Tether, BNB, USD Coin, XRP, Cardano, Solana, and Terra, are also seeing significant drops, hurting the market. These recent significant dips in Ethereum and Bitcoin are also driven by sustained increasing inflation, a dismal December employment report, and persistent hints by the Federal Reserve that the central bank may begin slowing down steps to prop up the economy as it improves. Ethereum Price Forecast Based on current data, Ethereum’s price will average $2,822.07 and reach a high of USD3,174.82. After reaching a high of $4,100 on Dec. 27, Ethereum has fluctuated between $2,100 and $4,000 in the days afterward. Despite the poor start to 2022, many analysts remain optimistic, forecasting that Ethereum would reach and exceed $12,000 this year. ETH/USD at $2886.5 in the daily chart | Source: TradingView.com Related Reading | Ethereum Faces Rejection, Why ETH Could Nosedive Below $3K Meanwhile, after a robust November, Bitcoin has also paused over the previous month. Bitcoin achieved a new all-time high when it crossed $68,000. There is little doubt that Bitcoin and Ethereum will continue to fluctuate in the future, and experts advise investors to remain cautious. Experts say to overlook the ups and downs while making a long-term investment. That doesn’t imply that the recent slide in price has extinguished Ethereum’s volatility. Crypto Expert Advises On ETH The real issue is whether or not these currencies will continue to increase after they are owned, Jeremy Schneider, the Personal Finance Club’s investment guru, said. “No more than 5% of your whole portfolio should be held as Ethereum due to the lack of assurance that its value will rise,” Schneider said. The investment expert added that people should not invest at the risk of not accomplishing their other financial objectives, such as paying off high-interest debt or preparing for future retirement. Like Bitcoin, Ethereum has its blockchain, maintained by a global network of over 2.4 million computers known as “nodes.” Anyone with the required hardware, skills, and time may run an Ethereum node and contribute to network validation. Miners are in charge of finding new blocks on the Ethereum network. These are analogous to digital boxes that store transaction and other data. Miners compete by utilizing specialized computer equipment to be the next person to add a block to the chain and collect transaction fees (from the transactions they add to the block) as well as “block rewards.” Related Reading | Ethereum Prints Bearish Technical Pattern, Why It Could Revisit $2.5K Featured image from CoinSpeaker, chart from TradingView.com
We keep forgetting one big component in all of this: luck. Let me illustrate this, using some of my own life experiences as examples. Here we go: – Me and 2 friends discover something called bitcoin when it was $40 a pop and litecoin at $2. Poor as church mice we collect all our money…
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Record hash rate and difficulty provide a positive overture to some uninspiring price moves, with Bitcoin now offering network security never seen before in its history.
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According to an announcement from Jamaica’s Prime Minister Andrew Holness the Bank of Jamaica plans to “roll out” its central bank digital currency (CBDC) after the country’s successful pilot last year. Jamaica’s CBDC Is Due to Launch This Year Jamaica, the island country situated in the Caribbean Sea is planning to launch its CBDC this […]
Gaming has become an integral part of our daily lives worldwide. The gaming industry is raking in billions of dollars year after year, attesting to its profitability and widespread adoption. According to Statista, more than 3.24 billion gamers worldwide were actively or passively involved in gaming last year. Despite the massive size of the gaming industry, gamers have expressed concerns about the traditional model of gaming, which is the “pay-to-win” model. Traditional gaming requires players to acquire in-game assets to rank up and achieve particular goals, which can strain the finances of active gamers. In this article, we’ll look at the role of blockchain technology in improving the gaming industry with the play-to-earn model. Current State Of Traditional Gaming Traditional gaming has come a long way in providing excitement and entertainment worldwide. However, despite its tremendous growth in recent years, the gaming industry still has several issues to address. To begin with, current gaming models lack transparency because players cannot track their in-game transactions, and the value of the game economy is determined by game developers, resulting in a highly centralized and opaque gaming industry. Furthermore, in-game items purchased in ‘pay-to-win’ gaming models have no ownership, as players have no right to gaming items purchased outside of the gaming environment. Another issue to consider is traditional game developers’ constant changes to gaming environments, forcing gamers to purchase new in-game items. The GameFi Concept Before GameFi, there were games with in-app purchases, in which users paid real money or special items obtained through gameplay to gain access to unique features or items. GameFi is an abbreviation for “Game Finance.” It refers to anything in the gaming industry supported by blockchain technology. GameFi is built on the play-to-earn mechanism. Play-to-earn (P2E) is a relatively new gaming concept made possible by introducing NFTs and blockchain technology. GameFi introduces the play-to-earn model, in which players can earn money simply by playing the game or acquiring in-game digital assets and trading them for real money with other players. This model paves the way for gamers to turn their passion for gaming into a passive income stream. GameFi is an intriguing new addition to the digital world. It only contains games that make use of blockchain technology, and it gained traction in 2021 as more and more gamers began to embrace the concept of the “play-to-earn” model, with the current market cap of Axie Infinity, the largest GameFi project, sitting at $3 billion, according to Coinmarketcap. The “play-to-earn” game industry is expected to grow globally and boost the gaming industry, reaching $314.40 billion by 2026. Innovative GameFi Project That Provides Utility Attack Wagon is an example of such a project. Attack Wagon is a blockchain game development studio specializing in free-to-play and play-to-earn games. Attack Wagon provides users with an immersive gaming experience by utilizing blockchain technology, DeFi, and NFTs. Scrap Guilds, a Sci-fi RPG with direct in-game use of Attack Wagon’s native token $ATK, was recently released by Attack Wagon and available for purchase on Gate.io and Quickswap. Attack Wagon intends to provide real-time value to users by allowing them to earn the same cryptocurrency passively across various games, increasing their chances of earning significantly more money. $ATK, is an ERC-20 polygon chain token. $ATK can be used for in-game purchases such as NFTs and PVP entry fees within the Attack Wagon ecosystem. Scrap Guild, Attack Wagon’s first game, has a rich storyline and exciting features such as multiplayer mode, quests, PvP, and so on. The game launch is planned by quarter three of this year. Their new website will be launched coming Friday and will feature details on the upcoming Land Sales, their Free NFT’s and more. In their announcement they mention that they will be giving away over 150k ATK in prizes by having multiple contests, starting at the time of the site launch. Gaming in the Future Without a doubt, blockchain technology will play a significant role in transforming the gaming industry and propelling it to new heights. The play-to-earn model is the future of gaming, and it is becoming more feasible with the introduction of blockchain and NFT technology. To address the issues gamers face in the current gaming industry, more gaming projects based on blockchain technology, such as Attack Wagon, must continue to gain mainstream adoption to appeal to users and provide gamers with immersive and exciting gameplay.
