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BDLLTD

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BDLLTD last won the day on June 25 2022

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  1. Golden Finance reports that BTC is approaching a "very favorable risk-reward price area" according to crypto analyst Rekt Capital on social media, who believes "BTC will be different in this cycle as its price has recently been hovering below its 200-week moving average (MA), a bottoming indicator that could face sell-side exhaustion. BTC is reaching historically oversold levels, and this extreme oversoldness will coincide with investment opportunities."
  2. The CME Bitcoin futures BTC main contract was at $19,370 late Friday (Chinese time) in New York, up 3.25% from Thursday's New York session, and trading in the $18,630-20,790 range during the session, down 8.87% for the week. the CME Ethereum futures DCR main contract was at $1065.50, up 5.08% from Thursday, and trading in the 1009.50-$1118.00 range, down 13.02% for the week.Maybe there is still a possibility of decline.
  3. Buying low and selling high is a profitable policy in the cryptocurrency world, but it's hard for anyone to do it in just four words, and it happens all the time that you can't buy to the bottom and sell to the top. History doesn't repeat itself, but it can be strikingly similar, and some statistics and key indicators can be used as appropriate references.According to price tracking site CoinMarketCap, Bitcoin is trading at $20,090 at press time, down 4.40% in the last 24 hours. In fact, BTC is in danger of closing below its 200-week moving average for the first time ever. So far this month, Bitcoin has failed to close above its 200-week moving average for the third time in a row.Analysis suggests that we are likely in the late stages of a bear market. However, it is likely that this trend will soon reverse. By using the rate of change of the Puell multiple, we are able to get a more optimized view than the indicator itself.The Three Stages Leading to Bitcoin's BottomThe Bitcoin market cycle is characterized by three cycles, which include a market top.The middle cycle at the orange line indicates the early stages of a general euphoria. After this, the market peaks at the red line. The euphoric bull market area breaks the red line with high precision.In the current phase, bear market entry and confirmation is shown along the green line at the bottom of Bitcoin. "When the indicator starts to rise again, it indicates that it is leaving the bear market area. We can assume that we are at the end of the bearish cycle and close to a complete reversal. We are in a bear market bottom pattern."The rebound from the bear market lows is a welcome change, but slowing economic growth and the fact that the shorts have yet to surrender has left many skeptical about the durability of the rally. Overall, there are still two major uncertainties facing the crypto market, the insolvency of some trading platforms within the crypto market and the possibility of further aggressive interest rate hikes by the Federal Reserve due to inflation, which has a high potential to cause trading platforms to explode, thus triggering a second major explosion in the crypto market.The bear market in 2011, 2014 and 2018, followed by the beginning of a long period of bottom consolidation and then the start of the bull market, has now fallen again to the area of the balance line, indicating that BTC may also have probed the bottom, and if no black swan appears, the probability of a sharp downward kill behind it is not great, but the probability of entering the bottom of the range oscillation is high, while the monthly long-term support line below is not broken, and the weekly line is not broken before the top 69000 descending channel support, so the back is still expected to build a bottom may, medium and long term can consider the layout of the low.Transferred from Jereh Finance
  4. BTC has recently shown signs of bottoming out, but data on multiple levels suggest that the price could fall further.During the previous bear market, BTC's price dropped about 85% from its peak to its eventual low. So, if history would repeat itself, it would cause BTC to drop another 50% from its current levels to come near $10,000.Will history repeat itself? Many people think it won't, for no other reason than the fact that the disk is getting bigger, institutional participation is increasing, and so on. But in reality, if Bitcoin can't hold up in the $14K-$16K range, the risk of a repeat of a similar collapse is higher than most people estimate.
  5. The JP Morgan strategy team, led by Nikolaos Panigirtzoglou, released a report saying that bitcoin miners will choose to keep selling bitcoin in order to meet ongoing costs or deleverage if their profitability fails to improve, which could continue into the third quarter of this year. With pressures such as soaring global power costs and an overall weaker crypto market currently hitting crypto miners' profitability, miners are trying to boost profits by cutting costs and selling some of their bitcoins.In addition, bitcoin miners are also facing significant pressure from creditors and other counterparties, and those who obtain funds through highly leveraged borrowing could even trigger a larger chain reaction leading to the bankruptcy of cryptocurrency lending service providers and hedge fund companies.
  6. Yesterday BTC early morning again touched 20000 near the build intraday effective support point, after stepping on the stable market rebound effect, the current short term 20000 support point from the naked K technical see is stable, the phase of the rebound will have, the market has been walking a shock, these days in the morning commentary is also talking about this market is actually very simple, is the phase of the rebound, coupled with a shock market The ETH market trend yesterday morning did not step back to the support range 1040-1060 given in yesterday's morning review, the strength of the step back is relatively small, to 1080 near the end, began to rebound, and now the overall oscillation in the market, in the rebound effect is not too strong, the daily is in a long trend, but the volume is not very strong. But the volume is not very strong, do short term partners, we pay attention to earnings.From the four-hour level, today will also go to the impact of the previous high point near 22000, short term attention to defense, the daily level on the emergence of a long trend, the wave of rebound stabilized 22000 points, we are concerned about the resistance level of 22800-23000 points, today once the four-hour level touched 22000 near the situation did not stand still, do a back pedal, pay attention to the following intra-day support points 20600-20800 range, the intra-day level inside the 20600-20800 position is considered an effective intra-day support points.ETH: four-hour level is also in a rebound trend at this stage, the daily same level is also in a long rebound trend, but the current phase of the rebound is not strong, the lack of volume, we pay attention to earnings, recognize the reality, do not think now can rebound to 1600 or 1800, the current market environment is not enough time to rebound to this range, today pay attention to the above 1200 points or we are concerned about the high point range position resistance, the following intra-day support points 1120 a line, the four-hour level of effective support points 1080 a line.
  7. Cryptocurrency mining is the process of validating transactions on the blockchain and creating new coins of cryptocurrency. Miners require a lot of computing resources, which also ensures the security of the blockchain network. Honest and successful miners can earn newly created cryptocurrency and transaction fee rewards.After a new blockchain transaction is concluded, it will be sent to the mining pool, which we call the mempool. The job of the miners is to verify the validity of these pending transactions and integrate them into blocks. You can think of blocks as pages of a blockchain ledger, where transactions are recorded.Specifically, mining nodes are responsible for collecting unconfirmed transactions from the mempool and integrating them into candidate blocks. Subsequently, miners attempt to convert this candidate block into a validly confirmed block. But they need to be able to solve complex Maths problems. This requires a lot of computing resources, but miners are issued a block reward for each successfully mined block, including the newly created cryptocurrency and transaction fees. Let's take a closer look at the mining process.Step 1 - Hash transactionTo mine a block, the first step is to operate the pending transactions one by one from the mempool through the hash function and submit them. Every time we submit a piece of data through a hash function, we generate a fixed-length output called a hash. During the mining process, the hash of each transaction consists of a string of numbers and letters used as an identifier. The transaction hash value represents all the information contained in that transaction.In addition to hashing and singling out each transaction, miners add custom transactions that send block rewards to themselves. This transaction, called a transaction, enables the creation of new coins. In most cases, transactions are the first to be recorded in a new block, followed by pending transactions that they want to verify.[/size]Step 2 - Create Merkle treeAfter each transaction is hashed, the hashes are combined into a structure called a Merkle tree. Merkle tree, also known as hash tree, works by combining transaction hashes into pairs and then hashing them. The new hash outputs are combined into pairs, hashed again, and the whole process is repeated until a single hash is created. The last hash also called the root hash (or Merkle root), basically represents all previous hashes used to generate the root hash.Step 3 - Find a valid block headerThe block header is used as the identifier of each independent block, representing that each block has its own hash value. When creating a new block, miners combine the hash of the previous block with the root hash of the candidate block to generate a new block hash. In addition to these two elements, they also need to add a random value called nonce.Therefore, when miners try to validate their candidate block, they need to combine the root hash, previous block hash and nonce and submit it through the hash function. Its goal is to create a hash that is considered valid.The root hash and the hash of the previous block cannot be changed, so miners need to make multiple changes to the nonce until a valid hash is found.The output (block hash) must be less than some target value determined by the protocol to be considered valid. In Bitcoin mining, the first few digits of the block hash must be zeros. This is what we call mining difficulty.Step 4 - Propagating mined blocksAs we can see, miners need to repeatedly hash the block header with different nonce values. They keep repeating this work until they find a valid block hash. The miner will propagate his block to the network. All other nodes will check if the block and its hash are valid, and if so, add the new block to the copy of the blockchain.At this point, the candidate block becomes a confirmed block and all miners move on to the next block. Miners who cannot find a valid hash in time will discard their candidate blocks and continue mining.
  8. A June 16 article on the BBC website, originally titled: Bitcoin: Will El Salvador's big cryptocurrency gamble pay off? The recent collapse in the price of cryptocurrencies like bitcoin is affecting investors around the world, including the government of El Salvador. The Central American country has pumped huge amounts of money into bitcoin and made it legal tender nine months ago, encouraging the population to use it in everyday transactions. People can buy almost anything in El Salvador with bitcoin, from trinkets and tacos to gasoline and even houses. Shopping with cryptocurrency at roadside stands and large chain stores is an extraordinary experience.It Started at "Bitcoin Beach"The recent cryptocurrency crash has raised more questions about the Salvadoran government's bitcoin policy, especially since the government used nearly $100 million in public funds to buy bitcoins. Today, the value of the 2,300 bitcoins purchased by the country has fallen to half of what it was when it was purchased, but the finance minister is unfazed by the criticism, claiming that the "fiscal risk is minimal.El Salvador's "bitcoin movement" began in the surfing and fishing town of El Centro in the south of the country, where an anonymous donor began offering bitcoins to local cryptocurrency enthusiasts in 2019 and has made multiple donations since then. No one admits to knowing who he is, and the town holds these digital currencies on the premise that they cannot be exchanged for dollars. The idea is to create the world's first circular bitcoin economy, where people can pay in bitcoin and make a living from it.It's a radical idea. In other parts of the world, bitcoin can be used for online purchases, but it's not yet possible for people to use it on the street, except for a few trendy cafes or one-off items. So far, Elsonte has received about $350,000 worth of bitcoin from that donor, no small amount for this decaying but beautiful town. Today, it's known as "Bitcoin Beach".What do you think?
  9. Pro-Bitcoin Salvadoran President Nayib Bukele has asked for patience after the price of Bitcoin fell below $20,000 (less than half the price paid by the Salvadoran government).  According to tracking site nayibtracker.com, El Salvador under Bukele has spent about $105 million on bitcoin since last September, paying an average of nearly $46,000 per piece.  The value of El Salvador's bitcoin investment is now down more than 57 percent, or a floating loss of about $61 million, according to calculations.  Buckley tweeted Saturday local time, "I see some people worried or anxious about the market price of Bitcoin. My advice: stop looking at charts and enjoy life. If you're invested in #BTC, your investment is safe and its value will grow substantially after the bear market."What do you think about this?
  10. The cryptocurrency market is deep in a bearish quagmire.  On June 13, the latest market data showed that bitcoin quotes briefly touched $25,000 a piece and were strung out back and forth at that point, with a 24-hour drop of 7. 4%, the lowest since Dec. 26, 2020.  The market's other major pillar, Ether, is even worse, with the latest offer having fallen below $1,400 a piece and is sliding towards the $1,300 mark, down 11. 01% in 24 hours, the lowest point since March 1, 2021.What do you think about this?
  11. Immersion cooling is a typical type of direct contact cooling with liquid, which is to submerge the heated ASIC mining machines in the cooling liquid (coolant) and rely on the two-way flow of liquid to take away the heat generated by the mining machines running high-speed operation. The heated coolant will then be cooled down through a cooling system and circulates back to the liquid immersion cooling tanks. Compared to conventional cooling methods, immersion cooling has the advantages of heat dissipation efficiency, optimizing energy efficiency ratio, low noise, reducing investment and operating costs, abridging time consumption and complexity in site construction.In the meantime, with the removal of redundant peripherals, a substantial amount of equipment footprint is no longer essential, hence a more flexible data center layout can be realized, miners will not be bound by the restriction in location selection before, nor the costs coming along with tract leveling or graveling.
  12. A mobile crypto mining container is often a shipping container or portable trailer that has been retrofitted to support multiple crypto mining rigs within. Think of a data center on wheels stored inside a shipping container, except instead of running servers, they’re running multiple crypto mining rigs.These crypto mining containers include additional required components such as fans and cooling systems that keep the machines running without overheating. Since miners tend to run indefinitely, there is always a large amount of heat produced, and excessive heat can negatively impact or even shut down mining operations due to equipment failure.Electrical apparatus like high voltage transformers, which are wired to the mining rigs for the purpose of preventing any potential down time from power outages or random power surges. Power outages can surely halt mining operations while power surges may even viciously damage mining rigs, both circumstances will render unwished losses in properties and even lives. So proper wiring and electrical installation are critical for these applications. Stable internet connection is configured to ensure that the miners can continue hashing without issue.An industrial grade generator is found at the core of these mining containers because this is often what produces the electricity to run these mining operations. The benefits of crypto mining containerMobileThis means that they can be deployed almost anywhere. As long as Bitcoin mining is legal in a specific area and there is power available, these containers can be used. It is easy to take these containers almost anywhere and find the best electricity price.Cost EfficiencyWhile traditional crypto mining operations and setups have tied miners to the local utility grid, a mobile crypto mining rig can benefit from a decentralized energy grid running off stranded gas/wellhead gas. This can greatly reduce costs of energy to help maximize profit when compared to paying higher energy bills from the main utility.One-stop solutionThe infrastructure is complete, and the box contains complete basic equipment such as heat dissipation and power supply. Only one power cable is provided on site to operate.Wide environmental adaptabilityIt can adapt to various climatic environments, has good environmental adaptability, work in the environment of -33℃~55C, and suitable for high temperature or low temperature areas.
  13. As a newcomer to the cryptocurrency world, many people are confused about what a mining machine is, and the difference between various types of mining machines!Today, I will accompany you to talk about the mystery.The mining machines currently used in the market are divided into ASIC miners, GPU miners, CDN miners and cloud miners, which can be subdivided into the calculation for different coins alone: ASIC miners and CPU miners.ASIC miner, also called professional miner, is a kind of miner that uses ASIC chip as the core of calculation force, for example: BBZ Raytheon S99 Asic Miner, Ant Miner S9, S9i and so on. The virtual currencies it can mine are BTC/BCC, LTC, DASH and so on.GPU miners, are miners that use a GPU graphics card as the core of calculation force. There are more virtual currencies that can be mined. In addition to the mainstream ETH/ETC, all other competing coins are basically mined with CPU miners.Many people may have this question, why only ETH/ETC can't be mined using ASIC miners inside the current mainstream virtual coins, while the other kinds can.The main reason is caused by the different calculation of ETH and BTC. The higher the calculation force of ETH, the larger the video memory occupation, and the faster the required speed.The high-speed MC is only private IP of big technology companies like AMD and NV, which means that the design difficulty of ETH miners is much higher than BTC.The other two are CDN miner and cloud miner. CDN miner is a new type of miner, which looks similar to a router and TV box, he does not mine by contributing calculation force, but by contributing network broadband and storage space, and the performance is not as strong compared to the first two miners mentioned. But in terms of low energy consumption, environmental protection and contribution to society, CDN miner makes more sense. Some of the virtual currencies it can mine are Play Coin, LLT, etc.The cloud miner, on the other hand, is equivalent to a rental hosting service, where the consumer pays a certain fee, decides what coins to mine, the service provider mines them for you, and then just waits to get paid, in theory for all coins it can mine are.Do you understand the difference between the various types of miners through this article? 😀😀😀😀😀😀
  14. Bitcoin mining has become talk of the town. The value at which bitcoin is expanding day by day, making people go crazy. People now more eager to have bite of this cake. And mining helps them achieve it. Mining is the process where you get bitcoincommission for confirming transactions.Also, there is a fixed supply of 21 million bitcoin in the market. Out of which around 18.5 million is in circulation.For the future trend of BTC development! In a recent interview with Bloomberg, Adam Back, a British cryptographer and CEO of Blockstream, said that Bitcoin will rise to $300,000 in five years from near its current level of $10,000.One reason for this is that he believes that with more people working from home due to the new crown epidemic, more risky real estate investments and potentially overvalued bonds, some investors may be turning to bitcoin. back stressed that "this is causing people to start thinking about the value of the currency and looking for ways to preserve it."He also believes that one indication of increased demand for bitcoin is that Grayscale Investments alone has purchased more bitcoins than newly mined in the past few weeks.In the interview, he also denied speculation that he is the creator of Bitcoin, "Satoshi Nakamoto".And BBZ recently launched a Raytheon S99 Asic Miner that is all-in-one model, with the advantages of high computing power, low power consumption, strong stability and high cost performance. It can help miner to increase the cost of unit calculation force and mining efficiency. Do you approve of the above statement? Please leave your comments!
  15. How can I mine more efficiently?Firstly, you must have a set of the latest technology mining equipment. For example, BBZ's BBZ drawer-type LIC liquid cooler can reduce power consumption by 35% compared to traditional cooling technology, which can reduce power costs and increase mining efficiency.Secondly, stay up to date with the latest bitcoin information. Make the latest mining plans based on the price increase of bitcoinThirdly, mining is a huge and time consuming job, and you need a professional team working for you.Finally, please leave your thoughts in the comments section. 😃😃😃😃😃
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