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‘Game-Changing’ Endothermic Mining Rigs Unveiled By Luxembourg Startup

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OnMiners S.A. is launching a new generation of endothermic cryptocurrency mining rigs that promise high power but low energy consumption while reducing heat and noise generation.


Lowering Mining Costs with Endothermic Chips

New companies and new technologies are entering the crypto mining space with the aim of lowering costs and energy consumption. OnMiners is one such company based in Luxembourg that was founded by a group of financiers that have invested in the creation of a new generation of Endothermic Multi-Algorithm CHIP.

Endothermic refers to a chemical reaction that absorbs energy from its surroundings and lowers the temperature.

On March 18, 2019, OnMiners announced the official launch of three mining rigs namely, On2U, On4U, and OnTower.

These rigs can mine an array of cryptocurrencies, including Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Monero (XMR), Dash (DASH), and Zcash (ZEC). OnMiners specifies the hash rates that each rig delivers, as follows:

• On2U: 140 TH/s for Bitcoin, 38 GH/s for Litecoin, 5 GH/s for Ethereum, 230 KH/s for Monero, 1.3 TH/s for Dash, and 1.1 MH/s
• On4U: 270 TH/s for Bitcoin, 75 GH/s for Litecoin, 9 GH/s for Ethereum, 450 KH/s for Monero, 2.5 TH/s for Dash, and 2.1 MH/s
• OnTower: 1620 TH/s for Bitcoin, 450 GH/s for Litecoin, 54 GH/s for Ethereum, 2700 KH/s for Monero, 15 TH/s for Dash, and 12.6 MH/s

At the launch of these mining rigs, Hisao Saito, the CEO of OnMiners said,

With hash-power rates like never before, we are extremely confident that our mining rigs will have a game-changing impact on the market.

Crypto Miners Arms-Race

For the last several months, adverse market conditions and high energy costs have significantly lowered cryptocurrency mining profitability.

As a result, to survive, crypto miners are being forced to try new technologies that take advantage of cheaper and alternative sources of energy. For example, some miners are now turning to solar power to cut mining costs.

The advent of this generation of the Endothermic Multi-Algorithm CHIP now offers miners another option to lower costs. As Hisao Saito put it,

The global market has seen lots of mining farms closing down their operations in the recent months. With the release of our new products, investors now have a great opportunity to get back in business with higher profitability than ever before.

What do you think about running Bitcoin mining operations on endothermic chip technology? Let us know in the comments below!


Images courtesy of OnMiners, Shutterstock

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Litecoin Price Analysis: LTC Struggles Heavily Against Rising Bitcoin, Drops to 5th Place Below Bitcoin Cash

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Litecoin has been struggling slightly after falling by 1.29% over the past 24 hours, bringing the current price down to $132.68. The coin met resistance a few days ago at the $145 level and subsequently started to decrease. The latest price drop can largely be attributed to Litecoin’s substantial decline against Bitcoin.

Litecoin currently sits on a market capitalization of around $8.24 billion. It has been unseated by Bitcoin Cash which took the place of the fourth largest cryptocurrency by market cap. Despite the recent price stagnation, LTC is still up by 117% over the past 3 months, as traders have started to build their positions ahead of the block halvening that’s scheduled for early August.

Looking at the LTC/USD 1-day chart:

  • Since our previous Litecoin price analysis, LTC has gone on to climb toward the expected resistance at $145.32. However, the market subsequently rolled over, and from there Litecoin found support at $130, allowing it to bounce back toward $132.
  • From above: The nearest levels of resistance now lie at $136 and $140. Above $140, the next level of resistance is $145.32 (the bearish .786 Fib retracement level) and then at $150. If the buyers continue above $150, further resistance is found at $153.82 and $160.99 (.886 Fib retracement level).
  • From below: The nearest level of support lies at $130. Beneath this, further support stands at $126.40, $122.40, and $120. If the sellers push the price of LTC beneath $120, support can be expected at $118.99, $107.99, $103.50, and $100.
  • The trading volume has remained above average over the past few days.
  • The Stochastic RSI recently slipped into overbought territory, which suggests that the selling may be coming to an end over the next few days as we wait for a bullish crossover signal above.

ltcusd_jun25

Looking at the LTC/BTC 1-day chart: 

  • Against Bitcoin, Litecoin has been struggling heavily, causing damage to the LTC/USD market. LTC has been falling against BTC since reaching resistance in early June at 0.01731 BTC. The coin went on to drop beneath both the 100-day EMA and the 200-day EMA to where it currently trades at 0.01175 BTC.
  • From above: The nearest levels of resistance lie at 0.012 BTC, 0.0125 BTC (200-day EMA), and 0.0135 BTC (July 2018 high). If the bulls continue above 0.0135 BTC, higher resistance stands at 0.014 BTC, 0.0145 BTC, 0.015 BTC, and 0.01610 BTC.
  • From below: The nearest level of support now lies at 0.01128 BTC. This support is considered strong, as it provided strong support for the market during May 2019 and also constitutes a long-term .618 Fib retracement level. Beneath this, further support can be found at 0.0111 BTC, 0.0106 BTC, 0.01 BTC, and 0.0093 BTC.
  • The trading volume has remained high but below the recent average.
  • Both the Stochastic RSI and the RSI itself suggest that the selling may be coming to a close as they approach oversold trading conditions. If the Stochastic RSI can produce a bullish crossover signal near the 0.0112 BTC support level, we may see the LTC/BTC market rebound.

ltcbtc_jun25

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Bitcoin (BTC) At Feb 2018 Levels, Investors Readying For $15,000?

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Bitcoin (BTC) rally, adds 23 percentCrypto awareness better than it was two years agoPresently, Bitcoin’s market cap exceeds $200 billion. These are levels last seen 17 months ago, revealing the strength of buyers. From the charts, BTC bulls are solid as buyers aim at $15,000, adding 23 percent week-to-date.Bitcoin Price AnalysisFundamentalsIt’s a milestone for Bitcoin. Trading at over $11,300, buyers are steadfast. However, beneath all this is BTC’s resilience. If anything, this has been a journey of pure grit and determination. After hitting rock bottom at the height of last year’s crypto freeze, the resurgence has been spectacular.Blistering past resistance zones-now support, at $4,500, $6,000 and recently $10,000, these price spikes are an encouraging sight. For holders, losses of last year have more than halved as prices recover.However, from candlestick arrangement, buoyed mainly by supportive fundamentals, there is more wriggling space for savvy traders. Not only are regulators thawing, understanding that cryptocurrencies are here to stay, but investor awareness is improving.In the US, young adults below 35 years now prefer digital Gold over physical Gold. Although both are making a comeback with the latter breaking away from a five-year trade range, BTC has more potential. It is global, a store of value and is also a settlement layer cutting across borders.Therefore, as Baby Boomers hand over their rightly accrued wealth, fund managers will likely slot part of these billions into BTC, further boosting the digital asset market cap currently standing at over $200 billion.Candlestick ArrangementBitcoin BTCExpectedly, accompanying this resurgence is improving sentiment. Revealing this optimism is increasing volatility and the rapidity of recent advances. As BTC bull candlesticks band along the upper Bollinger Band (BB), every correction is technically another buying opportunity.It will remain so as long as prices are trading above the $10,100 mark or June 22 low. At this pace-and coupled with geopolitical events, bulls are firmly in control. In light with increasing participation following the obliteration of the $10,000 resistance level, traders should tune their entries in smaller time frames. After that,targets will be at $12,000 and $15,000 as laid out in previous BTC/USD trade plans.Technical IndicatorsAnchoring this advance is June 22 bull candlestick. Behind it are high trading volumes at 38k, spelling the entry of buyers. Even though participation is picking up, it would be ideal if any surge above critical resistance is at the back of high trading volumes preferably exceeding 38k.Chart courtesy of Trading View. Image Courtesy of Shutterstock

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Happy TRON Independence Day!

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Buy TRON TRX on Changelly

What’s behind a successful crypto project? Obviously, the team, the idea, the community support, the technological core. Also, the last but not the least – partners. When one crypto project is surrounded by reliable partners it is much easier to reach new business highs. So, today we at Changelly are truly excited to congratulate one of our dearest partners – TRON Foundation. It’s been a year since TRON launched its mainnet, thus had its independence.

“When building a crypto business, it’s important to gain the support of reliable crypto projects while having a clear strategic vision of how the business will be in a years time. I’m genuinely pleased to congratulate TRON on the First Independence Day anniversary. For us (crypto pioneers), Independence is not merely a word but the very foundation of the blockchain and cryptocurrency ecosystem.”

Eric Benz, CEO at Changelly

In honor of this occasion, we at Changelly decided to recall all the milestones on the way of TRON evolution from a crypto start-up to a crypto giant with the market cap worth billions of dollars:

  • July 2017. TRON Foundation is established in Singapore
  • December 2017. TRON launches its open source protocol
  • May 31, 2018. TRON launches MainNet Odyssey 2.0 is a technical milestone for TRON. Worth mentioning that since the launch day TRON Mainnet has been updated over 20 times and the TRON team keeps updating it twice a month.  
  • June 25, 2018. TRON Independence Day. The Genesis block has been created with the consensus of the TRON community
  • July 20, 2018. TRON got listed on Changelly. Let’s remember how it was, to quote Justin Sun, CEO and Founder of TRON:

Thanks to Changelly and TRON partnership millions of crypto hodlers got an opportunity to exchange and buy TRX at a click of a button!

  • July 24, 2018. TRON successfully completed the acquisition of BitTorrent and all its products and incorporated them into TRON’s ecosystem
  • August 30, 2018. The TRON virtual machine (TVM) was officially launched
  • October 2018. TRON’s decentralized application store DappHouse was established
  • January 28, 2019. The BitTorrent (BTT) crowdfunding concluded within 14 minutes and 41 seconds on the Binance Launchpad
  • June 25, 2019. The One year anniversary of TRON Independence Day

Also, don’t miss TRON price prediction article for 2019-2020:

Subscribe to Changelly social media channels to keep abreast of the latest crypto news:

Twitter 
Facebook 
Telegram 
Reddit
Youtube

Nice swaps, #Changellions!

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BRIKCOIN tackles the UK’s affordable housing crisis using blockchain

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Property start-up BRIKCOIN has developed a unique financial model to answer the huge deficit in the affordable housing availability in the UK while solving the lack of liquidity for investments into private developments.

According to research undertaken by housing charity – Shelter, 3 million new affordable homes need to be built in the UK by 2040. Currently, just 6,000 homes are being built every year.

Deploying blockchain technology, BRIKCOIN aims to build, acquire or redevelop properties in order to create 100% affordable housing properties.

Blockchain technology, the only way forward

Currently, investors in private development companies and funds cannot withdraw their investment quickly. When faced with mass withdrawals of investor stakes, the companies have to, in turn, sell their property assets at below market rates to return funds.

Through market analysis and extensive research, James Hare, BRIKCOIN CEO, is convinced that blockchain technology is currently the only way to solve the UK’s affordable housing crisis while involving the community and secure investors benefits and liquidation. He stated: “Of all the benefits of blockchain, liquidity is the kicker for BRIKCOIN. Property investment is an inherently illiquid asset class. BRIKCOIN’s model allows investors to liquidate their investments on global cryptocurrency exchanges, 24/7.”

James Hare became immersed in the benefits of blockchain technology in early 2017 and has since been working on the BRIKCOIN model. James’s 20 years’ experience in the property industry and his financial background helped him figure out how blockchain could finally be the technology needed to shape his solution: “I was already working on a conventional affordable housing solution, an issue close to my heart, and at that time I was also beginning to learn more about cryptocurrencies and the benefits of blockchain technology. I then thought, what if we could create a truly cross border effect, to combine blockchain technology with a centuries-old understanding; land and property. The outcome is BRIKCOIN.”

A unique model for a national crisis

BRIKCOIN’s unique model is, according to James Hare, why BRIKCOIN will succeed in providing affordable housing while keeping the community and investors involved in the long run.

He explained: “Firstly, BRIKCOIN retains ownership of each of its properties, which backs, supports and increases the BRIKCOIN token value. Secondly, in selling the long lease guarantee from the Local Authority to financial institutions, such as the pension funds, BRIKCOIN will typically benefit from a competitive 20% profit. Finally, BRIKCOIN also generates revenues from fees associated with property development and facilities management.”

BRIKCOIN will issue 1 billion BRIKCOIN tokens sold on their user-friendly platform accepting FIAT currencies as well as cryptocurrencies. Following a successfully completed private sale of 10% of this amount, (over £300,000 raised before Q1 2019) the presale and crowd sale will distribute a further 50% of the BRIKCOIN total, with 10%, 5% and 5% set for the team, community rewards, and philanthropy respectively. 20% will be locked up in a smart contract for a period of 9 months and used for future token value growth.

From October onwards, BRIK will circulate on crypto exchanges as an ‘ERC-20’ token backed by the Ethereum blockchain.

The funds raised during the token sale will be invested in building affordable homes across the UK. The properties will then be handed over on a 50-year lease to the local council with an agreement in place that ensures that the rents will remain below pre-defined affordable rents.

The 50-year income guarantee will then be sold to financial institutions, who already invest in stable, long term income generating instruments. Since these payments will be made by the local council, it will be backed by the rock-solid guarantee of the central UK government, making them very attractive income-generating instruments for the institutions.

The team is in direct communication at the highest level with 18 of the 32 London Boroughs and have ongoing communications with the Greater London Authority, again at the highest level alongside Government ministers. Furthermore, they have forged strong ties with many other Local Authorities throughout the country, garnering the support of local MPs and Senior Civil Servants. As a private developer, BRIKCOIN will be moving forward with several schemes over the coming months.

James Hare concluded: “I believe every person should have a safe, secure shelter; a home.”

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Bitcoin Likely to be Overbought by July 13, Says Analyst

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Analyst and Economist, Alex Krüger, has predicted that Bitcoin could become overbought within the next 18 days, according to the Keltner channel chart indicator.


Keltner Channel Shows Bitcoin in Overbought Position

Analyst Alex Krüger tweeted on Monday (June 24, 2019) that bitcoin could be overbought over the next 18 days, based on an analysis of the Keltner Channel indicator – which provides information of price/trend breakouts and if an asset is overbought or oversold.

Is overbought? Since 2014, has traded fully outside the Keltner Channel (2.5/20) with RSI >90 on NINE occasions. ▷ 6/9 times retraced to the open of preceding day in under 20 days (avg 10d). ▷ 1/9 times it took 79 days. ▷ 2/9 times it never retraced (May 2017).

According to Krüger, bitcoin began trading fully outside the Keltner Channel on Sunday (June 23), making it the 10th time in BTC’s history since 2014. On seven out of the nine previous occasions, BTC experienced a price retrace.

The market analyst also revealed that over the 20 days following the time when BTC enters this overbought position, bitcoin prices declined by an average of 12.5%. Going by this trend, we could expect to see BTC fall just under $10k by July 13.

A decline in mid-July to August would be in keeping with historical trends that show the latter part of Summer as having the least annualized monthly returns for bitcoin.

Third Attempt at $11,500

Bitcoin is currently having its third upward trend towards the mid-$11k region and beyond. The top-ranked cryptocurrency has faced resistance at this level on the two previous occasions and this third run presents a temporary moment of truth.

Breaking above $11,500 could pave the way for an unimpeded run towards the $13,000 mark. However, failing to cross this resistant point will most likely trigger a “mini dump” back to the previous support level somewhere in the $10,200 to $10,300 price levels.

If Keltner Channel indicator is indeed accurate and BTC is currently overbought, then the bullish advanced might be a little fatigued at the current price. There also the matter of a second CME gap which if closed might cause a price drop back to the same $10k price mark.

All of these possible price retrace scenarios only constitute a temporary blip in short-term performance. The overarching bullish narrative is still in effect for bitcoin.

Google Trends for BTC

Data from Google Trends shows that search interest for bitcoin is at a similar level to the start of the FOMO-driven hype market of September and October 2017. This could mean a rekindling of retail interest in the top-ranked crypto given the 205% increase since the start of 2019.

Do you think bitcoin will break the mid-$11k resistance at the third time of asking? Let us know in the comments below.


Images via Twitter @krugermacro and Google Trends.

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