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Bitcoin Mining: How Energy Prices are Impacting Mining

Both 2018 and 2019 have been well known in the space and for a lot of reasons. The whole mining industry nearly stopped in 2018 because of multiple different factors. Both 2018 and 2019 have been well known in the space, and for a lot of reasons. The incredible crypto highs and depressing crypto lows are just a few of the reasons.  One thing that has remained consistent through the years though, is the fall in the profitability of Bitcoin mining. The whole mining industry nearly stopped in 2018 because of multiple different factors.  So with this all in mind,...

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The Environmental Factor of Bitcoin Mining

Given that Bitcoin is not tied to a bank or government, it has been able to and has been able to increase massively in value. Bitcoin has a hard cap of 21 million, so after that’s all been mined, that’s it. Following bitcoins rise two years ago in 2017 to highs of $20k, the question was asked on whether the leading cryptocurrency was having an impact on the environment.  Although it has dipped, flown and been seen all over the place since then, it has only grown since its creation in 2009. It is the first and most popular cryptocurrency...

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Bitcoin Bulls Have Lost The Momentum

Bitcoin has been struggling to break towards the trend line resistance to test it again before the subsequent decline. However, it does not have enough bullish momentum for me to decide to be bullish on the market even near-term. The conditions are ripe for a major downtrend from this point forward but we just need to sit this out and wait for BTC/USD to face rejection at the top of the symmetrical triangle. We have the same situation with the stock market. The NASDAQ 100 (US100) has run into a key trend line resistance and faced a rejection. The last...

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Blockstream CEO on being Satoshi, “not me”

The real identity of Satoshi Nakamoto has been long questioned throughout the industry.  Ever since bitcoin was created in 2009 following the financial crash of 2008, the infamous and mysterious inventor of the first cryptocurrency has never uttered a word. The real identity of Satoshi Nakamoto has been long questioned throughout the industry. Ever since bitcoin was created in 2009 following the financial crash of 2008, the infamous and mysterious inventor of the first cryptocurrency has never uttered a word. That’s been said, many people throughout the community Have pointed the finger at many big industry names. One of which...

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Why current events indicate bitcoin to be bullish

Anthony Pompliano has recently said that it is hard to not be bullish on bitcoin.  This comes despite the ongoing chaos throughout the world brought on through COVID-19. The co-founder of Morgan Creek digital and well-known bitcoin advocate, Anthony Pompliano has recently said that it is hard to not be bullish on bitcoin. This comes despite the ongoing chaos throughout the world brought on through the pandemic of COVID-19 and the demonstrations of the black lives matter movement. In fact, Pompliano said that due to the ongoing tension in regards to Fiat currency, bitcoin is looking extremely good.  When it...

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