#bitcoin 2022

[themakeupbrush]

Miss Universe El Salvador 2022 National Costume: STORY OF THE SAVIOR'S COIN.

The theme of Miss Universe El Salvador's national costume this year is the evolution of the Salvadorian currency. Cocoa was originally used as currency in El Salvador. The Columbus became the official currency of El Salvador from 1892 until it was replaced by the U.S. dollar on January 1, 2001. Columbus is named Christopher Columbus. Being a country with a true vision of positive change for the future, El Salvador became the first country in the world to use cryptocurrencies as legal currency when it adopted Bitcoin in 2021. Miss Universe El Salvador's national costume features cocoa leaves, the Columbus, the dollar and the Bitcoin symbol on her cane and crown, which shines with quarry. The predominant colors of gold, silver and bronze reflect the main colors of the coin. The materials used in the national costume of Miss Universe El Salvador are sponge, cardboard, polyskin, leather, fabric, quarry and iron. The evolution of the Salvadorian monetary system over all these years is a testimony to how Salvadorians have transformed their economy at the different stages of their history.

[in-sufficientdata]

oh my god

I am absolutely roaring with laughter this is amazing

The nature of humanity is such that every so often someone will recreate dashcon

[sillyroundkatie]

Artfight '22 #10, Duke for @pyrrouge !

[jessewilliam005]

[linuxgamerdog]

I like this photo. Bitcoin coin close up photo

[synkroinc]

İnternetten para kazanmanın en kolay ve masrafsız yolu!

Pasif gelir elde etmek istiyorsanız aşağıdaki linke tıklayınız.

CryptoTab

[jcmarchi]

Because of Bitcoin ‘Halving’, Outdated Mining PCs from US Migrate Abroad - Technology Org

New Post has been published on https://thedigitalinsider.com/because-of-bitcoin-halving-outdated-mining-pcs-from-us-migrate-abroad-technology-org/

Because of Bitcoin ‘Halving’, Outdated Mining PCs from US Migrate Abroad - Technology Org

The Bitcoin “halving” event is driving the relocation of outdated US mining computers overseas.

The process of ‘mining’ new bitcoins requires a lot of computational power and needs energy. Image credit: BenjaminNelan via Pixabay, free license

In Bitcoin mining, specialized machines are utilized to validate transactions on the blockchain and earn operators fixed token rewards. Approximately 6,000 older Bitcoin mining machines in the US are slated to be decommissioned and transported to a warehouse in Colorado Springs. There, they will undergo refurbishment and be sold to buyers abroad seeking to capitalize on mining opportunities in more cost-effective environments.

These machines, among several hundred thousand expected, are being refurbished in anticipation of a significant quadrennial update in the Bitcoin blockchain, known as the halving event. Scheduled for late April, this event will reduce the reward that serves as the primary revenue source for miners. To mitigate the impact, miners are upgrading to the latest and most efficient technology.

Given that electricity constitutes the largest expense in mining operations, companies are compelled to seek lower-cost alternatives to maintain profitability. While older computers may still yield profits, they are unlikely to do so within the US market. Experts note that this trend represents a natural migration, with buyers of older machines situated in regions where power costs are minimal.

The concept of halving, integrated by the anonymous Bitcoin creator Satoshi Nakamoto, occurs once every four years to uphold the hard cap of 21 million tokens. The upcoming halving event, the fourth since 2012, will reduce the reward from 6.25 Bitcoin to 3.125 Bitcoin. Despite Bitcoin’s remarkable 50% surge this year to approximately $63,500, the impending halving has heightened the urgency to bring more efficient machines online.

As the halving approaches, the continued use of older equipment poses a risk of electricity costs surpassing mining revenue. While models like the S19 series may no longer be profitable to operate in the US post-halving, they can still yield substantial profits and enjoy an extended operational lifespan when hosted in regions such as Africa.

Some buyers are delaying their purchase of older computers until after the halving event, anticipating further price drops. For example, the cost of used S19 models was approximately $7,030 in March 2022. However, a year later, amidst declining Bitcoin prices, the price plummeted to about $900, further decreasing to approximately $427 this month. The price is projected to drop to around $356 in May, following the halving event.

In response to these price fluctuations, some miners in the US have opted not to sell their hardware but instead, plan to relocate the equipment to regions with lower electricity costs and third-party data centers.

However, not all mining equipment from the US is relocated abroad. Publicly traded companies face challenges in this regard due to the need to consider risk-averse shareholders and concerns regarding transportation costs, equipment breakage, and security.

These machines remain inactive for extended periods, collecting dust, yet companies retain them because they can still yield profits when Bitcoin prices surge, underscoring the cyclical nature of profitability in the mining industry.

Written by Alius Noreika

[staricrypto]

The Rise of Bitcoin: Is It Still a Good Investment?

Introduction: Rise of Bitcoin, Since its inception, Bitcoin, the world’s first decentralized digital currency, has experienced significant growth and volatility. As Bitcoin continues to capture mainstream attention, many investors wonder whether it is a viable investment option. In this blog post, we will delve into the rise of Bitcoin, explore the factors behind its popularity, and analyze…

[hmatrading]

There are various trading platforms available for beginners, but the best platform depends on your requirements and preferences. However, some of the best trading platform and user-friendly options include:

When it comes to trading platforms in India, there are several options available for beginners. However, the best trading platform would be one that is user-friendly, offers a wide range of investment products and tools, and has low fees. Based on these criteria, the best trading platform in India for beginners would be Zerodha. This online brokerage firm has gained popularity among traders due to its advanced technology features and low-cost pricing structure.

[cryptonewspod]

Best App For Cryptocurrency Trading In India - CryptoNewsPod

Best App For Cryptocurrency Trading In India – Cryptocurrencies have become increasingly popular in India over the last few years. With the rise in demand, there has been a surge in the number of cryptocurrency trading apps in the market. In any case, not all applications are made equivalent, Additionally, selecting the appropriate app can seem like a daunting task. In this article, we will take…

[assilstore]

أحد أكبر أحداث NFT على الساحل الشرقي للولايات المتحدة ، عاد Miami NFT Week للمرة الثانية في شهر مارس! يهدف الحدث الذي يستمر ثلاثة أيام إلى تعزيز الروابط بين مجتمعات التشفير المتنامية الناشئة في مناطق مختلفة بما في ذلك أمريكا اللاتينية والولايات المتحدة وأماكن أخرى. يسلط الحدث الضوء على أهمية التنوع والشمول والتعليم في مجالات NFT و Web3.

[anbuselvi1]

Top BEST Cold Wallet | Hardware Crypto Wallets for your cryptocurrency

BEST Cold Wallet

A Bitcoin/cryptocurrency wallet is the first step to using Bitcoin or crypto. Why? A “wallet” is basically the equivalent of a bank account. It allows you to receive bitcoins and other coins, store them, and then send them to others. You can think of a wallet as your personal interface to the Bitcoin network, similar to how your online bank account is an interface to the regular monetary…

[arbehi]

الربح من الانترنت عن طريق جمع العملات الرقمية تلقائيًا