#Crypto Mining

[mostlysignssomeportents]

“Carbon neutral” Bitcoin operation founded by coal plant operator wasn’t actually carbon neutral

I'm at DEFCON! TODAY (Aug 9), I'm emceeing the EFF POKER TOURNAMENT (noon at the Horseshoe Poker Room), and appearing on the BRICKED AND ABANDONED panel (5PM, LVCC - L1 - HW1–11–01). TOMORROW (Aug 10), I'm giving a keynote called "DISENSHITTIFY OR DIE! How hackers can seize the means of computation and build a new, good internet that is hardened against our asshole bosses' insatiable horniness for enshittification" (noon, LVCC - L1 - HW1–11–01).

Water is wet, and a Bitcoin thing turned out to be a scam. Why am I writing about a Bitcoin scam? Two reasons:

I. It's also a climate scam; and

II. The journalists who uncovered it have a unique business-model.

Here's the scam. Terawulf is a publicly traded company that purports to do "green" Bitcoin mining. Now, cryptocurrency mining is one of the most gratuitously climate-wrecking activities we have. Mining Bitcoin is an environmental crime on par with opening a brunch place that only serves Spotted Owl omelets.

Despite Terawulf's claim to be carbon-neutral, it is not. It plugs into the NY power grid and sucks up farcical quantities of energy produced from fossil fuel sources. The company doesn't buy even buy carbon credits (carbon credits are a scam, but buying carbon credits would at least make its crimes nonfraudulent):

https://pluralistic.net/2023/10/31/carbon-upsets/#big-tradeoff

Terawulf is a scam from top to bottom. Its NY state permit application promises not to pursue cryptocurrency mining, a thing it was actively trumpeting its plan to do even as it filed that application.

The company has its roots in the very dirtiest kinds of Bitcoin mining. Its top execs (including CEO Paul Prager) were involved with Beowulf Energy LLC, a company that convinced struggling coal plant operators to keep operating in order to fuel Bitcoin mining rigs. There's evidence that top execs at Terawulf, the "carbon neutral" Bitcoin mining op, are also running Beowulf, the coal Bitcoin mining op.

This is a very profitable scam. Prager owns a "small village" in Maryland, with more that 20 structures, including a private gas station for his Ferrari collection (he also has a five bedroom place on Fifth Ave). More than a third of Terawulf's earnings were funneled to Beowulf. Terawulf also leases its facilities from a company that Prager owns 99.9% of, and Terawulf has *showered * that company in its stock.

So here we are, a typical Bitcoin story: scammers lying like hell, wrecking the planet, and getting indecently rich. The guy's even spending his money like an asshole. So far, so normal.

But what's interesting about this story is where it came from: Hunterbrook Media, an investigative news outlet that's funded by a short seller – an investment firm that makes bets that companies' share prices are likely to decline. They stand to make a ton of money if the journalists they hire find fraud in the companies they investigate:

https://hntrbrk.com/terawulf/

It's an amazing source of class disunity among the investment class:

https://pluralistic.net/2024/04/08/money-talks/#bullshit-walks

As the icing on the cake, Prager and Terawulf are pivoting to AI training. Because of course they are.

If you'd like an essay-formatted version of this post to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:

https://pluralistic.net/2024/08/09/terawulf/#hunterbrook

[gainercryptocom]

Caw Crypto Price Prediction: Unveiling Future Market Trends

[mommatakescareofthebills]

i love being told everything btw. if i love you and youre talking to me not a single detail is too much. youll never overestimate how much of the fabric of your day to day i want to hold in my hands and know the model and make of. im Everything Matters girl and everything matters to me

[purplebitcoin]

Purple Bitcoin: A Safe and Deflationary Vision for Cryptocurrency

Given the unpredictable nature of the cryptocurrency world, stability and trust are often hard to come by, but not so with Purple Bitcoin (PBTC). The idea behind PBTC is to build the one that is the least ambiguous, transparent, and safest for investors. Purple Bitcoin, built on the Solana blockchain, is a blockchain project that focuses on efficient transactions, while incorporating scarcity driven value, using advanced technology. Unlike most other tokens, this one doesn’t rely on hype or the latest short lived trend, but rather builds long term trust through audited contracts, a deflationary burn mechanism and a commitment to transparent tokenomics.

What’s unique about PBTC is that it focuses on investor protection and sustainable growth. Unlike many cryptocurrencies where there is room for sudden change or hidden risk, Purple Bitcoin is immutable and secure. The developer has renounced ownership, and with no hidden minting, investors can confidently trust that the token's supply and functionality are permanently fixed. With each PBTC transaction the supply of the token is reduced through token burns, making the token even more scarce and valuable over time. Purple Bitcoin is a forward looking cryptocurrency that provides a secure store of value with integrity and a dedication to its community.

A Rare Endorsement from Industry Titans

In a world where trust is often in short supply, Purple Bitcoin (PBTC) has accomplished what few other projects can boast: It also has validation from two highly regarded developers with ties to U.S. government blockchain initiatives. These are the same experts who have worked on critical, high stakes systems, and reviewed the PBTC contract in great detail and confirmed that it is a perfectly designed contract. Because of their experience in finding vulnerabilities, they were able to confirm that PBTC is free of hidden exploits, un mintable, and immutable.

This is more than a formality, it's a true endorsement of our integrity. This validation is a refreshing sense of security for the investors who have been through the volatile cryptocurrency market. Because of these developers supporting the project, PBTC is a reliable, transparent token that will survive the trials of the digital asset world.

The Burn Mechanism: A Formula for Scarcity

PBTC employs a burn mechanism that systematically reduces its token supply, creating scarcity with every transaction. This isn’t a gimmick; it’s the foundation of the token’s value, crafted with precision to reward long-term holders.

The Three Pillars of PBTC’s Burn Process:

Transaction-Based Reductions

Everytime PBTC is bought, sold, or transferred, a portion of the transaction is taken out of circulation permanently. This is a transaction based burn mechanism intended to incrementally reduce the total supply of the token with every transaction. The more people interact with PBTC, the more the burn process continues to function in the background, adding to the deflationary nature of the token with every transaction. As a result of linking supply reduction to market activity, PBTC is in sync with natural trading behavior, forming a self-sustaining system that rewards long term holders by increasing scarcity and value.

Scheduled Token Burns

PBTC reduces transaction based, and also has scheduled token burns where a pre determined amount of the token is burned at certain intervals, over time. They are scheduled burns done in a controlled and predictable way so as to reduce supply further. These scheduled reductions complement the transaction based burns by guaranteeing that PBTC’s scarcity is not only driven by transactional activity, but by ongoing, deliberate efforts as well. The strategic burn approach of PBTC supports long term stability and value of the asset, making it a deflationary asset that rewards patience and long term investment.

Immutable Automation

The entire process of the burn is entirely integrated into the PBTC smart contract on the Solana blockchain and runs automatically without any manual intervention. The burn mechanism of this smart contract technology is both tamper proof and unalterable by any outside party, thereby protecting the token’s integrity. The burn process of PBTC is transparent and immutable, and is made possible through the use of Solana’s highly secure and efficient blockchain, giving investors confidence that PBTC’s deflationary features are inherent to the core structure of the token, and can’t be manipulated or changed without consensus. It is an immutable automation, which assures a fair and reliable system for all the participants.

This deflationary mechanism doesn’t just shrink supply—it builds confidence. Every reduction contributes to a stronger, more valuable token for those willing to hold.

What Bitcoin Did, Refined

PBTC draws inspiration from Bitcoin’s model of scarcity-driven value. Bitcoin became a store of wealth not just because of its technological innovation, but because its limited supply created a sense of rarity. PBTC takes that same idea and enhances it with real-time burn mechanics.

PBTC offers a path to scarcity that doesn’t rely on waiting years for halving events. Its design actively aligns with market activity, adapting to demand while protecting supply integrity.

A Token Built for Trust

In the cryptocurrency market, Purple Bitcoin (PBTC) is unique in that it does not base its existence on vague promises and flashy marketing. While many projects are built on hype and uncertainty, PBTC was built on transparency, security and sustainability for the long term. One of its main priorities was to solve problems crypto investors have been struggling with for a long time—fake contracts, sudden token mining, and unpredictable prices. Through careful planning and a clear vision, PBTC is looking to bring a stable & transparent token to investors.

This is not for people looking to make quick money or to speculate. It is designed for investors who prize clarity, security, and smart design, instead. PBTC’s unique features such as an audited contract, renounced ownership, and deflationary supply model are built to make sure that PBTC is a trustworthy long term project. Its value is founded on these fundamental principles, creating an ecosystem which rewards patience and makes it possible for investors to have faith in the token’s future. With PBTC we are trying to create a digital asset that will stand the test of time and provide transparency and stability for those who invest in it.

Why Investors Are Watching PBTC

Purple Bitcoin (PBTC) is appealing because it’s simple, and it’s committed to transparency. Unlike many projects that promise to dominate the market quickly or gain speculative profits, PBTC is about delivering a reliable and predictable token with a sustainable future. Using a deflationary model with tokens being burned with every transaction, PBTC slowly reduces its supply and may therefore create scarcity and drive long term value. By being a calculated approach, this makes PBTC a good investment choice for those who want stability over high risk volatility.

As the cryptocurrency market gets more mature, PBTC is a strategic move towards safer, more thoughtful tokenomics. Created with investors who are tired of hype projects and are looking for a project that has tangible value, transparency, trust, and sustainability. PBTC isn’t another speculative asset, it’s a token that is built on principles of reward for patience and long term commitment. The PBTC approach is a refreshing change for anyone who’s had enough of the wild swings that are characteristic of crypto and instead wants to focus on long term growth with minimal risk. 

Join the PBTC Community Today

We at Purple Bitcoin (PBTC) believe in community driven decision making and transparency. When you join our ecosystem, you’re part of a movement that believes in stability, trust, and long term growth. Whether you’ve been investing for decades or you’re just getting your feet wet, PBTC is a chance to be a part of a token with a long life. Don’t miss out on the opportunity to help build a safer, more sustainable financial ecosystem – join the PBTC community today to help us shape the future of cryptocurrency. We can do more together!

[deennes]

the 2021 COVID cripto mining experiece.

I'm a computer technician, so at the time i thought "ok, it will be easy". god damn how much i suffer with bugs, crashes, freezing... and as you can see... a bended motherboard. havent found the burned power supply photo. lol.

altought, all the terrible moments, it was fun, made me come back to studing computers, software and hardware. noneless, made me "survive" the economy and the lack of work as a lawyer in the pandemic.

Now, i'm using the video cards for games and waiting to come back, but.... i don't think i will have time to.

brain aneurysm sucks.

love, Dennis.

[mhbayzid]

Is it Legal to Buy Crypto in Bangladesh?

Cryptocurrencies have gained global traction in recent years, but their legal status varies significantly from one country to another. In Bangladesh, the question of legality regarding cryptocurrency is a topic of considerable debate and interest among enthusiasts and potential investors. This article will dive into the current legal framework for cryptocurrencies in Bangladesh, discuss the risks and benefits, and explore the future outlook for crypto in the country.

1. Understanding Cryptocurrency: A Brief Overview

Cryptocurrencies, such as Bitcoin and Ethereum, are digital or virtual forms of money that operate on blockchain technology. Unlike traditional currencies, cryptocurrencies are decentralized, meaning they are not controlled by any central authority, such as a government or bank. They offer various advantages, including lower transaction fees, faster transfers, and the potential for investment growth. However, the decentralized nature of cryptocurrencies also presents challenges regarding regulation and legal oversight.

Read More :

What is Staking in Cryptocurrency? A Beginner’s Guide

Top 10 Upcoming Cryptocurrency Trends in 2024

How to Avoid Common Cryptocurrency Scams

2. The Legal Status of Cryptocurrency Globally

Across the globe, cryptocurrency laws differ significantly, with countries adopting a range of approaches. For instance:

The United States has taken a generally positive stance, allowing crypto trading and taxation on profits.

Japan was one of the first countries to recognize Bitcoin as legal tender and has a well-developed regulatory framework for cryptocurrencies.

China, on the other hand, has implemented a complete ban on all crypto-related activities, including mining and trading.

The global stance on cryptocurrency often influences other countries, as governments assess both the risks and potential benefits associated with digital assets.

3. History of Cryptocurrency in Bangladesh

Government Stance and Regulations

In Bangladesh, the regulatory environment around cryptocurrency has historically been restrictive. The Bangladeshi government and the Bangladesh Bank have issued warnings and statements advising citizens against using or trading cryptocurrencies. As early as 2014, Bangladesh Bank declared that using Bitcoin or any other cryptocurrency was not only discouraged but could result in criminal prosecution.

Key Events and Milestones

Several events have shaped Bangladesh’s crypto landscape:

In 2014, the Bangladesh Bank issued a statement clarifying its position against Bitcoin, mentioning that using crypto could lead to fines or imprisonment.

Over the years, Bangladesh’s government has taken action against crypto traders, emphasizing the risks of money laundering and financing of terrorism.

Despite these restrictions, there remains a growing interest in crypto among Bangladeshis, many of whom continue to invest in and trade cryptocurrencies through various means.

4. Current Legal Framework in Bangladesh

Central Bank’s Role and Statements

The Bangladesh Bank is the primary financial regulatory authority in Bangladesh and has taken a strong stance against cryptocurrencies. According to the bank, cryptocurrencies are not recognized as legal tender, and the trading of these digital assets may violate existing anti-money laundering laws.

The Bank has cited concerns such as:

Risk of Fraud: The unregulated nature of crypto makes it susceptible to scams.

Money Laundering: Due to its anonymity, cryptocurrency transactions may facilitate illegal activities.

Anti-Money Laundering Laws

Bangladesh has stringent anti-money laundering (AML) and anti-terrorism financing (ATF) laws, which apply to all forms of financial transactions. The government has pointed out that cryptocurrency’s anonymous and decentralized nature poses risks in terms of enforcing these regulations.

5. Risks of Buying Cryptocurrency in Bangladesh

Legal Risks

Given the current legal framework, buying cryptocurrency in Bangladesh carries significant legal risks. Individuals caught trading or holding crypto could face penalties, including fines or jail time, as the government views it as a violation of foreign exchange laws and AML regulations.

Financial Risks

Even if legal risks are set aside, cryptocurrency trading comes with financial risks. The crypto market is highly volatile, meaning that values can fluctuate wildly. This unpredictability, coupled with the legal environment in Bangladesh, makes crypto investments particularly precarious for Bangladeshi citizens.

6. Potential Benefits of Cryptocurrency for Bangladesh

While the government has taken a cautious approach, there are several potential benefits that cryptocurrencies could bring to Bangladesh:

Financial Inclusion: With a large portion of Bangladesh’s population unbanked, crypto could provide an alternative means for people to store and transfer value.

Remittances: Crypto could make remittances faster and cheaper, benefiting the many Bangladeshi citizens who work abroad.

Blockchain Innovation: Embracing blockchain technology could foster innovation in various sectors, including supply chain management and digital identity verification.

7. How to Buy Cryptocurrency in Bangladesh (If It’s Legal)

For those interested in exploring cryptocurrency, it is crucial to stay informed about the legal context. However, if one were to proceed, the following steps outline how to do so:

Steps to Safely Purchase Crypto

Research Local Regulations: Before proceeding, consult the latest information on cryptocurrency laws in Bangladesh.

Choose a Reliable Exchange: International platforms like Binance or Coinbase are generally reputable, though accessibility may vary in Bangladesh.

Use a Secure Wallet: After purchasing crypto, transfer it to a secure wallet, such as a hardware wallet, for safekeeping.

Monitor Your Investments: Keep an eye on your portfolio and make informed decisions based on market trends.

Recommended Platforms

Since local exchanges are not available, Bangladeshi users typically access international platforms. These platforms often require additional steps for compliance, such as VPN usage or third-party wallets. However, it’s important to proceed with caution, as legal risks still apply.

8. The Future of Cryptocurrency in Bangladesh

While the current regulatory stance is restrictive, there is a possibility for change as global adoption of cryptocurrency continues. The government may consider the following trends:

Exploring Central Bank Digital Currencies (CBDCs): Some countries have explored CBDCs as a regulated alternative to cryptocurrencies, which could influence Bangladesh's approach.

Adopting Clearer Regulations: As more countries establish frameworks for crypto, Bangladesh may revisit its stance to accommodate blockchain technology’s benefits while minimizing risks.

9. Frequently Asked Questions (FAQs)

Q1: Is it illegal to own cryptocurrency in Bangladesh?

A: Yes, owning or trading cryptocurrency is currently considered illegal in Bangladesh, according to Bangladesh Bank regulations.

Q2: Can I use a VPN to access crypto exchanges?

A: While some users may use VPNs to access international exchanges, this is still legally risky, as it may violate Bangladeshi regulations.

Q3: Will Bangladesh legalize crypto in the future?

A: It’s uncertain. As crypto adoption grows globally, the Bangladeshi government may consider new regulatory approaches, but no official changes have been announced

[freeecryptobank]

TAPSWAP

[cruptodrop]

How to make money in cryptocurrency without investment?

There are many ways to earn cryptocurrency without any investment. We can participate in projects that will give us their project coins.

But now we will consider earnings in Telegram. I analyzed and selected 3 projects in Telegram that will distribute airdrops by the end of 2024.

All these projects have been officially confirmed by Telegram.

1. Blum is another popular Telegram clicker that also offers a wide range of earning tasks. Its main feature is the opportunity to earn not only on the completion of tasks, but also on the referral program. By inviting friends and acquaintances, users can receive additional bonuses. Blum is also known for its stable operation and high level of safety. Binance labs also supported the project.

2. Tapswap is one of the most popular clickers on Telegram that offers users the opportunity to earn money for completing simple tasks. It has a convenient interface and a large number of available tasks. Users can earn money for viewing messages, subscribing to channels or groups, and other activities. The official Telegram channel of the project wrote that the listing is planned for the 3rd quarter of 2024.

3. MemeFi is a clicker that is aimed at a youth audience and combines the elements of entertainment and earning. Users can receive rewards for interacting with memes, subscribing to channels with entertaining content, and participating in various contests. MemeFi stands out from other clickers with its unique concept and a large number of fun tasks, which makes it popular among young people.

Thank you for attention!!!

[voiceofurm]

WHITE BUNNY game, a Telegram tap-and-earn game | SOLANA

[diffinmarsh]

Buy virtual card with bitcoin and get #discount

Unlimited transition and Buy virtual credit card with cryptocurrency

[gainercryptocom]

New Crypto Coins: Exploring the Latest Digital Investments

[menericard]

Buy virtual card with bitcoin and get #discount

Unlimited transition and Buy virtual credit card with cryptocurrency

[health-2021]

About Company

With rich experience, team members have been working in the cryptocurrency mining industry, software industry, and information security industry for over 6 years.

Cloud mining is a new type of mining that has the characteristics of low cost, low risk, and high profit. Users do not need to understand the principles of mining and various software and hardware, nor do not need to buy expensive mining machines and pay expensive electricity bills. And also do not need to maintain it. Its only need to purchase a computing power contract to start mining.

link

video

[asicminershub]

Market Impact of Innosilicon's ASIC Miners

Innosilicon

Innosilicon is a well-known company in the cryptocurrency mining industry that specializes in the design and production of high-performance ASIC miners. Founded in 2006, Innosilicon has established itself as a leading player in the market, delivering innovative and efficient mining hardware solutions to miners worldwide.

The company prides itself on its commitment to research and development, continuously striving to improve upon its previous designs and deliver cutting-edge technology to its customers. By leveraging its expertise in semiconductor design and fabrication, Innosilicon has managed to stay ahead of the competition and earn a solid reputation for its products.

Here is the list of the best innosilicon miners as of 2023 ranked according to profitability, price and durability.

1.Innosilicon KAS Master Pro

2.Innosilicon Kas master 2 THS

3.Innosilicon Kas master 1 THS

4.Innosilicon T4 BTC Miner

5.Innosilicon a11 Pro 8gb

6.Innosilicon a10 pro 6 GB

Mining Hardware

Mining hardware is an essential component of the cryptocurrency mining process. It refers to the physical equipment utilized to validate and record transactions on a blockchain network. As the complexity of mining cryptocurrencies increases, miners require powerful and specialized hardware to compete and generate profits.

In the early days of cryptocurrency mining, miners utilized general-purpose CPUs and GPUs to mine cryptocurrencies like Bitcoin. However, as the industry evolved, ASIC miners emerged as the most efficient and cost-effective solution for mining popular cryptocurrencies. Companies like Innosilicon have played a crucial role in designing and manufacturing ASIC miners that offer superior performance and energy efficiency.

ASIC Miner

An ASIC (Application-Specific Integrated Circuit) miner is a mining device specifically designed to mine cryptocurrencies. Unlike general-purpose CPUs or GPUs, ASIC miners are optimized to perform a single task - the computation required for mining. This specialization allows ASIC miners to perform mining operations significantly faster and more efficiently than other hardware alternatives.

Innosilicon has been at the forefront of ASIC miner development and has released several generations of mining hardware over the years. Its ASIC miners are known for their high hash rates, low power consumption, and durability. The company's dedication to innovation has enabled them to continuously push the boundaries of mining technology.

Their ASIC miners are designed to mine various cryptocurrencies, including Bitcoin, Litecoin, Ethereum, and more. Innosilicon's product lineup includes a range of models catering to different levels of mining operations, from individual miners to large-scale mining farms.

One notable aspect of Innosilicon's ASIC miners is their focus on energy efficiency. The company understands the ecological impact of cryptocurrency mining and aims to minimize energy consumption while maximizing mining performance. This approach not only benefits the environment but also leads to reduced operational costs for miners.

Innosilicon's ASIC miners are designed to be user-friendly and accessible to miners of all skill levels. The setup process is straightforward, and the company provides comprehensive support and documentation to assist miners in getting started quickly. Additionally, their mining hardware is known for its reliability and durability, ensuring that miners can operate their machines without any major interruptions.

The constant evolution of Innosilicon's ASIC miners showcases their commitment to staying ahead in the competitive mining industry. By incorporating the latest advancements in semiconductor technology and constantly refining their designs, they continue to deliver top-of-the-line mining hardware to miners worldwide.

In conclusion, the rise of ASIC miners in the cryptocurrency mining industry has revolutionized the way miners operate. Innosilicon, as a prominent player in this space, has played a vital role in driving this evolution. Their dedication to innovation, energy efficiency, and user-friendly designs has contributed significantly to the progression of the mining hardware market. As the industry continues to evolve, it will be interesting to see what new advancements Innosilicon brings forth to further enhance the mining experience.

[freeecryptobank]

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