As for the market situation last week, according to reputable cryptocurrency analyst Joseph Young, during the sharp rise in the price of the “first cryptocurrency” that took place at the beginning of last week, most large traders recorded their profits at around $ 9400.
It is worth emphasizing that increased activity of sellers was also noted at Binance and Coinbase, which are the favorite sites of retail investors.
This allows us to conclude that significant activity was shown not only by large players.
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BoardAnnouncements (Altcoins)
Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control
by
woooooofa
on 26/05/2020, 16:40:22 UTC
Experts advised to mine only the first 20 coins by capitalization. These are the most famous and understandable projects. Altcoins that seem promising now may be blown away tomorrow.
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BoardAnnouncements (Altcoins)
Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control
There was Bitmain, but she almost broke out. Now I don’t know which one.
Since the middle of last year, the largest mining company Bitmain has had difficult times: it almost went bankrupt, mired in debt, reduced its own computing power from 2072 PH / s to 237.29 PH / s in a month and is experiencing a corporate conflict of the founders. Meanwhile, the main competitors increased sales, and the main pools (Bitmain, BTC.com and Antpool) lost first place to the competitors Poolin and F2Pool.
But Bitmain is trying to correct the situation: now the company’s hash rate is at 930 PH / s (about 1% of the network’s total hashrate), in October it applied for an IPO in the USA, completed the construction of a large mining center in Texas and announced the release of new ASIC- models miners of the S17 series with increased efficiency.
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BoardAnnouncements (Altcoins)
Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control
All bitcoins receive as a reward the one who generated the next block. The reward received for the blocks can be used after receiving 120 confirmations (that is, the network allows you to spend the reward in about 20 hours).
Does this mean that the bitcoin that was mined needs to be withdrawn within 20 hours?
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BoardAnnouncements (Altcoins)
Re: [ANN] [CryptoNight] BminerCoin - Heavy mining and remote control