Minexo administration is glad to announce that there are several new widely used e-wallets on our platform. We always try to follow our investors’ demands and attempt to improve the working process with our website. So, on the numerous requests from the company clients, we have launched the following popular payment systems: BNB Coin Mainnet and BSC Chain, and Monero. While making a deposit, you can choose the needed BNB chain to process the money transfer to your account.
The Bitcoin Mining Council made a formal debut on Thursday as the debate regarding the environmental impact of the digital asset intensifies. The Bitcoin Mining Council describes itself as a “voluntary and open forum of Bitcoin miners committed to the network and its core principles.”
Its mandate is to promote transparency, endorse good practices, and foster Bitcoin education according to the official website. The organization consists of a group of energy-conscious North American Bitcoin mining companies. It was first suggested by Elon Musk in a tweet in late May, but he has since clarified that he will have no role at the council.
Luxor announced the $5 million funding round on June 9, adding that NYDIG will collaborate with Luxor on a number of mining-related ventures and hashrate-based products. Also participating in the equity round were mining companies Blockware Solutions, Celsius Network, DPO, Navier, and Supplybit.
A number of angel investors along with Bitnomial, Hodl Capital, and Routemaster also participated. According to the announcement, Luxor and NYDIG aim to help grow the North American mining industry with Luxor working on making hashrate a commodity, and NYDIG providing Bitcoin investment and technology solutions to insurers, banks, corporations, and institutions.
While writing the world’s most famous white paper, Satoshi Nakamoto defined the Bitcoin (BTC) mining process. It was established that the minting of new coins would take place through proof-of-work. To carry out this verification and to be able to mine the cryptocurrency, computers would need to solve complex mathematical calculations.
In the beginning, there were not many miners. However, that changed before the first Bitcoin bull run. Mining competition skyrocketed, causing a sharp increase in the cost of machines capable of competing. Even more importantly, energy demand exploded with the new machines — which needed energy mainly for processing and cooling.
Cybersecurity firm, NortonLifeLock, has launched Norton Crypto, a tool allowing consumers to “safely” mine cryptocurrency through its Norton 360 product. NortonLifeLock chief product officer Vincent Pilette expressed pride in his firm becoming the first cybersecurity company offering services allowing miners to safely and easily turn the idle time on their PCs into an opportunity to earn digital currency.
Paid plans users will be invited to join Norton’s early adopter program for Ether mining. Norton also plans to open up the mining service to all of its nearly 13 million 360 customers in the coming months. Norton emphasized that its service allows users to mine without requiring them to switch off their antivirus software.
Southwest province of China was humming a slightly different tune as the Sichuan Energy Regulatory Office organized a symposium on the topic. The province has a heavy mining concentration due to low cost energy generated from a developed hydroelectric power system. The symposium failed to reach a resolution, leading to speculation that the green energy of the province will lead to much more positive regulation.
Despite the increasingly harsh regulatory environment, China hasn’t backed down on its pro-technology stance. Recently, new blockchain technician standards were released from the Ministry of Human Resources and Social Security and the Ministry of Industry and Information Technology. The standards detailed what skills and core competencies are required to work in the industry.
The CEO of Nasdaq-listed Canaan Inc, a China-based firm that specializes in Bitcoin mining equipment, argued that China’s Bitcoin mining ban should make allowances for green-energy users during a conference call on Tuesday. Bitcoin miners also help create jobs in impoverished regions and contribute to fiscal coffers.
Zhang Nangeng said that an indiscriminate ban on Bitcoin mining failed to take into account the potential economic benefits that could arise from embracing green-energy mining. Zhang stated that mining could present a solution to the oversupply of electricity in certain regions of the country, where resultant low energy prices already attract miners.
Dear cloud miners! Our platform is visited by lots of people with different cloud mining backgrounds. To help them get to know our platform faster, we decided to create several video tutorials due to which you can easily learn how does the Minexo platform work and get to know its basic functions. In our videos, we explain:
- how to buy Hashes
- how to register on the site
- how to withdraw money
- how to participate in our affiliate program
Watch the instructions to learn more about our platform and get maximum profit from cloud mining!
We are glad to present to you Minexo’s mining farm video presentation with Portuguese subtitles.
Video link: https://youtu.be/fcvjx_9iRLw
Hello Pal, a Vancouver-based producer of phrasebooks and real-time translations apps, has acquired a startup, bringing it direct exposure to cryptocurrency. While the purchase of mining platform Crypto Pal was revealed on May 25, the Canadian firm, which is listed on several stock exchanges (CSE:HP) (Frankfurt:27H) (OTC:HLLPF), published more details on mining investments.
Crypto Pal was acquired for the “low” cost of $3.5 million, according to Hello Pal, including $1.5 million in cash and 1,800,000 common shares, plus warrants. As a result, Hello Pal owns a 51% stake in the miner, and will soon offer users the ability to own all or fractions of its cryptocurrency mining rigs and receive the crypto assets mined.