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2022-11-15 Market unwinding after FTX crash increased bitcoin futures below spot price The turmoil triggered by the sudden collapse of the FTX cryptocurrency empire is rippling through the bitcoin futures market. IlanSolot, co-head of digital assets at MarexSolutions, said the bitcoin futures curve is in what's known as Backwardation, meaning the spot price of bitcoin is higher than the futures price, something that didn't happen in previous sell-offs. "The obvious answer is speculative short selling, probably by institutional investors who prefer to trade futures, some of which may be proxy hedging for investors whose money is locked up, bet or not available," Solot said. Solot said the reversal may also reflect the liquidation of positions by hedge funds. Exchanges or trading desks that hold bitcoins for clients may temporarily sell them to reinvest the proceeds and use futures to hedge against price increases. Investors have been nervous since the FTX crash, and some of these trades may be being unwound as clients withdraw money. "In order to unwind the trade, exchanges and trading platforms would need to sell futures and buy back physical bitcoin, possibly in the over-the-counter market, reversing the curve," Solot said. It's worth noting that the cryptocurrency market is experiencing a historic swing as once popular digital asset exchange FTX filed for bankruptcy last week. The price of Bitcoin, the largest token, fell more than 20% last week to around $16,500. That compares with nearly $69,000 a year ago. In addition, Ethereum has lost about a quarter of its value, while the FTX token, FTT, has lost about 95% of its value, trading around $1.60, according to the data.

2022-11-04 New Bluestar L1 4900Mh/2000Mh Scrypt LTC/Doge Miner Product model: Blackminer L1 Encryption algorithm: Scrypt Currency: Litecoin + Dogecoin joint mining, LTC+DOGE Rated computing power: 4.3GH/s ±5% Wall power consumption: 3450W ±5% Connection mode: Ethernet Bare machine size: 340 (mm) *178 (mm) *305 (mm) Box size: 466 (mm) *388 (mm) *265 (mm) Bare machine weight: 11Kg Machine weight: 13Kg From the perspective of the current LTC family members, except Ant L7 series, other models can only pass in the low-end market and remain blank in the middle market. The revenue is calculated by the calculation power 4300M of Blackminer L1, and the static revenue is about 101 yuan. In the current market from the multi-model mining machine, LTC+DOGE investment is a good choice, the future can be.

2022-10-14 Digital currency? Digital gold? Inflation hedge? Uncorrelated assets? The concept of Bitcoin has been completely lost this year. Virtual currency, digital gold, inflation hedge, uncorrelated asset, store of value -- these are all the titles Bitcoin has been given. Now, bitcoin is just bitcoin. In recent days, many people on Twitter have posted that 1 BTC=1 BTC, suggesting that the value of bitcoin doesn't really matter anymore when the price of bitcoin falls sharply, and that it is quoted at a fixed price that should theoretically support the price in the long run. Joshua Lim, former head of derivatives at Genesis Trading, was quoted as saying recently: "When the price of bitcoin continues to fall against the dollar, 1 bitcoin = 1 bitcoin is a tongue-in-cheek 'bitcoin maximalist' claim. That means Bitcoin will eventually become a unit of account, so just focus on the absolute number of bitcoins you have today." "Bitcoin maximalists" is a term coined by Ethereum founder Vitalik Buterin, who in a 2014 article called those who believe that Bitcoin's monopoly in the cryptocurrency space is both correct and untouchable. Ahead of 2022, Bitcoin loyalists have added many overviews of the cryptocurrency, including that it could replace gold at some point, or that it's a good inflation hedge. This year, however, bitcoin is down about 60% for the year, trading below $19,000 in recent days, well below its high of nearly $69,000 at the end of 2021, as central banks around the world sharply raise interest rates and inflation increases. When the coronavirus pandemic first hit the world, cryptocurrency investors saw Bitcoin as a hedge against rising prices because of its limited supply. But this year, most cryptocurrencies are falling sharply. Many market watchers say bitcoin investors are looking for a new story for the digital currency market, and that the sp

2022-10-08 MicroBT Whatsminer M50 Series MicroBT Whatsminer M50 is out, and the miner will become available as early as July 2022. Also known as the Whatsminer M50, the mining unit has a maximum hashrate of 114 TH/s. It uses the SHA-256 algorithm and mines over 40 coins. The miner mines some of the top coins, including Acoin and Bitcoin. It comes with a maximum power consumption of 3306W. Here`s more in our detailed MICROBT WHATSMINER M50 REVIEW. MicroBT Whatsminer M50 It`s the first miner from the MicroBT manufacturer for the year 2022. The manufacturer has been quiet for a while and has developed a stunning Bitcoin miner. It's a serious competitor to the S19 Pro+ Bitmain miner. At first glance, you will notice a few design changes from other Whatsminer brands. First, the top has another rectangular portion that sets the miner apart from the rest. There are a few naked wires to spot, and the miner is perfect for large-scale mining. It comes with a size of 125*225*425mm with no specific weight. Due to the rectangular shape, you can easily store the miner even in a small space setup. To top it all of

2022-10-02 What is Ethereum PoW (ETHW)? What does it give us? Since its launch on July 30, 2015, Ethereum has been using a proof-of-work (PoW) consensus mechanism to secure its network. The PoW mechanism involves solving complex mathematical puzzles to create new blockchain blocks. This process allows Ethereum nodes (distributed computers) to agree on transaction requests and prohibit manipulation. However, Ethereum switched from PoW to a proof of interest (PoS) mechanism on September 15, 2022. The transition from PoW to PoS split the Ethereum network into EthereumPoW and Ethereum. This article takes you through EthereumPoW, why EthereumPoW hard forks happen, ETHW vs. ETH, ETHW vs. ETC, and if EthereumPoW will succeed. What is Ethereum PoW? EthereumPoW (ETHW), the proof-of-work (PoW) offshoot of Ethereum, is a community project for sovereign developers and miners led by crypto industry veteran Chandler Guo. Guo proposed the idea of ETHW on Twitter on July 27, 2022. Since then, The topic has attracted a lot of attention, especially from miners who oppose The Merge. Even Tron founder and Poloniex investor Yuchen Sun campaigned for the project to support PoW mechanisms on Ethereum and offered to donate some forked ETHW to build the ecosystem. However, after the merger, Poloniex ended up supporting another fork called EthereumFair (ETHF). ETHW core contributors publish a Twitter thread that contains the main network activation roadmap for the ETHW mechanism. According to The plan, The main web will go live a few hours after The Merge, The transition from PoW to PoS. In addition, the main network will be activated in the 2,049th block epoch after the change. This is why ETHW's block height will always be The Merge +2,048 height. Initially, it will have an average mining difficulty of about 220 transactions, while the hash rate will exceed 15 transactions per second (TPS).

2022-10-01 BITMAIN Launches ANTMINER KA3, Opening Presale--Into KADENA Ecosystem With Hashrate Performance BITMAIN, the world's leading manufacturer of cryptocurrency mining servers, hosted the ANTMINER KA3 Online Launch Event on September 13, sharing its support and confidence in the KADENA ecosystem. The Online Launch Event was co-hosted by ANTPOOL, the world's leading cryptocurrency mining platform, and HASHFROG, the world's first Bitcoin hash rate standardization cloud mining platform. The research and development team from KADENA and the community leader from KADENA MINING CLUB also participated in the event, sharing their confidence in the KADENA ecosystem and the future outlook of KADENA mining. The event debuted ANTMINER KA3, which delivers an extraordinary hash rate performance of 166T, providing a huge improvement compared to the current market output. The latest server introduces a new industry standard of 19 J/T, pioneering efficiency into a new era of energy savings and optimized performance. Incorporating the latest design from BITMAIN's flagship lineup, the 19