Bitcoin mining: Marathon per diventare il più grande minatore degli Stati Uniti con 2,56 Eh / s

Marathon ha effettuato un altro ordine per aumentare le sue macchine per l’estrazione di Bitcoin con ulteriori 10.000 antiminer.

L’azienda stima che il suo tasso di hash raggiungerà i 2,56 Eh / s

L’industria mineraria di Bitcoin si sta gradualmente riscaldando e ci sarà molta concorrenza nei prossimi anni poiché le società minerarie continuano ad acquistare minatori di prossima generazione. Recentemente, Marathon Patent Group, Inc., ha informato in un comunicato stampa di aver aperto un nuovo contratto con il produttore cinese di ASIC Bitcoin, Bitmain, per ricevere altri 10.000 Antminer S19 Pro.

Maratona obiettivi 2,56 Eh / s

Secondo le informazioni , Bitmain dovrebbe completare la spedizione di 10.000 Antiminer S19 Pro entro marzo del prossimo anno. Come prevede l’accordo, la società di mining di Bitcoin riceverà le consegne in lotti a partire da gennaio del prossimo anno. I 10.000 antiminer verranno distribuiti più velocemente rispetto al precedente ordine della società effettuato ad agosto. Precisamente, il nuovo ordine sarà interamente e completamente implementato entro il primo trimestre.

„Di conseguenza, ci sarà un aumento sostanziale delle nostre entrate di Bitcoin Mining prima di quanto avevamo previsto“, ha detto la società.

In precedenza, ad agosto, Marathon aveva ordinato 10.500 Antiminer S19 Pro da Bitmain. La consegna dovrebbe iniziare anche a gennaio 2021. Tuttavia, sarà completamente e completamente implementata a giugno, tre mesi dopo gli ultimi 10.000 antiminer. Fondamentalmente, tutti questi miner dovrebbero aumentare la potenza di mining di Bitcoin dell’azienda a 2,56 Eh / s quando saranno completamente implementati.

Con questo potere di hashing, Marathon potrebbe diventare la più grande società di mining di Bitcoin negli Stati Uniti e nel Nord America in generale.

Integrating crypto-currencies into PayPal means that Bitcoin could triple its user base

PayPal’s decision to integrate crypto-currencies into its platform may augur well for Bitcoin’s price, as its user base could triple.

The price of Bitcoin (BTC) has once again surpassed the USD 13,000 mark after yesterday’s PayPal announcement caused a powerful spike that brought the price to a new annual high.

Currently close to USD 13,100, Bitcoin’s price has risen almost 10% since the announcement and BTC is now close to overtaking PayPal as the largest asset 21 by market cap. (Update: Bitcoin Era is now more than PayPal by market cap)

For the first time since 2018, Bitcoin’s balance sheet in the exchanges fell below 2.5 million

The announcement that PayPal will integrate crypto-currencies into its platform comes two weeks after Square, another payment giant, announced its own foray into crypto space by investing approximately 1% of its assets in Bitcoin.

According to Lanre Jonathan Ige, researcher at Amun AG, the continuous trend of high profile investments will be key to attract institutional interest in Bitcoin. Ige said:

„Corporations tend to follow trends and we can expect other corporations to follow the example of Square and Microstrategy as asset returns continue to impress.

However, the recent news from PayPal is more likely to draw the masses to Bitcoin than to the institutions. This is because PayPal can bring a more widespread audience up to speed with cryptomoney as an investment vehicle for now and as a payment method in the future, which has been one of the main focuses of the Bitcoin community when it comes to mass adoption.

PayPal should boost Bitcoin’s user base

According to Glassnode data, Bitcoin currently has over 187 million users or „hodlers“. Although it’s an impressive figure, cryptomoney analyst Willy Woo pointed out that this pales in comparison to the 487 million users that PayPal has.

Total number of Bitcoin HODLers.

With the integration of Bitcoin, PayPal brings the name of cryptomoney to a conventional audience. While at the moment it’s only possible to buy, sell and maintain Bitcoin through PayPal, the company announced that it will add payments and transfers in cryptomonics in 2021. Once this happens, it could cement Bitcoin’s reputation as a payment and remittance mechanism.

Transactions through PayPal and other centralized platforms could even become one of the ways Bitcoin can scale to a more conventional user base. Centralized transactions (along with other methods such as side chains and the Lightning Network) could be used to ease congestion in the Bitcoin block chain, allowing it to be used only for larger transactions that require more security, transparency or immutable proof of ownership.
Bitcoin is aimed at outperforming banks

While it seems that payment processing companies and crypto-currencies are finding more momentum over time, the same cannot be said for banks and this struggle is reflected in their share price.

Major traders say Bitcoin’s logarithmic chart points to a bullish cycle similar to that of late 2017

Jon Erlichman, technology correspondent for BNN Bloomberg, noted that assets such as Bitcoin, Ether and shares of payment companies such as PayPal and Square were performing very well this year, but since the COVID-19 pandemic, financial stocks have underperformed.
Bitcoin and Ethereum’s performance so far this year Source: Digital Assets Data

To date, Bitcoin and Ether prices have appreciated by 80.5% and 217%. Meanwhile, PayPal went up 99% and Square 186%. Banks like JPMorgan and Bank of America, on the other hand, have lost 28% and 32% respectively. Citigroup has seen the value of its shares fall by 46% and Wells Fargo by 58%.

Bitcoin now has a 7% chance of surpassing its historic high of $20,000 in the next 2 months

As for Bitcoin, it remains one of the best performing assets around, outperforming gold and the S&P 500 by a wide margin this 2020.
Macro-asset performance in 2020.

As more people interact with Bitcoin as an investment vehicle, consumers may turn their backs on banks and invest more in cryptosystems.

According to experts, Bitcoin may even benefit from what some call the „Robinhood effect,“ a phenomenon in which retail investors with disposable income buy an asset through investment platforms

United States vs China: who will win the digital currency war?

The United States needs to adopt privacy-focused crypto-currencies to compete with China’s digital renminbi.

Electric Capital co-founder and managing partner Avichal Garg believes that the only way the U.S. can catch up with China in the digital currency war is by adopting privacy-focused cryptomonics.

According to Garg, China is already well ahead of the United States in the race for a digital currency, its DCEP, or Digital Currency Electronic Payment, is scheduled to be launched by the end of the year. That’s why developing a digital US dollar may not be enough to compete, given the long time it will take to develop it.

„The Chinese system […] will be on the market for 5 to 10 years before the United States launches its own alternative.“

Rather than develop its own product, Garg believes that the US government should support the initiatives of established dollar-based stablecoins such as USDT.

By relaxing the regulation around these stablecoins, which are fixed to the US dollar and under US jurisdiction, the US will be able to use them as substitutes in order to compete with China in the digital currency market and Bitcoin Future.

„In 12 or 24 months, I think they could basically give the green light to all these hybrid crypto dollars“.

Even so, Garg is convinced that it is possible that the United States will be defeated if it competes with China on the mere side of technology. Ultimately, to get competitive coverage, the United States needs to offer what an authoritarian regime like China cannot offer, which is a digital currency focused on privacy and resistant to censorship.

To achieve this, the United States should join forces with the cryptocommunity and enhance those crypto-currency networks that encode democratic values.

„The best option for them (the United States) to compete is to adopt the best features of crypto currencies and really push them as a kind of offensive tool against the Chinese“.

El principal analista criptográfico dice que el movimiento masivo de ballenas de Bitcoin, por valor de 2.760.000.000 dólares, es una señal de alto valor neto para los inversores de BTC.

Los inversores de ballenas están recogiendo Bitcoin en grandes cantidades, lo que es una buena señal del valor futuro de la BTC, dice el estratega criptográfico e influyente Willy Woo.

En una tormenta de tweets, Woo llama a la reciente compra de Square de 4.709 BTC y a la inversión de MicroStrategy de 38.250 BTC como „la punta del iceberg“. En los últimos ocho meses, dice que los inversores han reducido el stock especulativo de Bitcoin en las bolsas en 250.000 BTC, con un valor total de unos 2.762 millones de dólares en el momento de escribir este artículo, según CoinMarketCap.

Es probable que gran parte de este BTC recién adquirido esté aterrizando en las manos de individuos de alto poder adquisitivo, explica Woo.

El analista dice que este es un desarrollo muy alcista.

„Esta es una de las pocas veces en mi carrera en Bitcoin en que los fundamentos (datos en cadena y métricas de los jugadores de infraestructura) están en modo luna, pero el mercado no se despierta a ello. Lo estarán para el 2021. Esta es una oportunidad que no he visto desde mediados de 2016.

El mercado no está „despierto“ porque la acción de los precios es un indicador muy rezagado de la demanda y la oferta fundamentales. Las fases de manía de un mercado alcista es cuando todo el mundo está „despierto“ y es demasiado tarde. En este momento la oferta está siendo aspirada“.

A diferencia de muchos analistas, Woo incluso siente que los recientes cargos de BitMEX son positivos para Bitcoin.

La semana pasada, la Comisión de Comercio de Futuros de Materias Primas de los Estados Unidos (CFTC) anunció que estaba cobrando a cinco entidades operativas de BitMEX y a los tres fundadores de la plataforma de comercio criptográfica, Arthur Hayes, Benjamin Delo y Samuel Reed, por violar múltiples regulaciones de la CFTC.

El Departamento de Justicia de los Estados Unidos (DOJ) también ha acusado a los tres fundadores y a su jefe de desarrollo de negocios, Gregory Dwyer, de violar la Ley de Secreto Bancario.

Woo dice que los cargos contra BitMEX deberían ser buenos para la salud a largo plazo de la industria de la criptografía.

„Fundamentalmente el mercado está asustado por todas las razones equivocadas. MEX NO fue hackeado. Ningún comerciante perderá monedas. Las bolsas de futuros limpiarán sus prácticas. Veremos menos volatilidad, menos estafas, más volúmenes al contado, más movimientos orgánicos, más dinero institucional.“

Bare 2,5 millioner Bitcoin igjen å gruve

Men med etterspørsel etter Bitcoin, kan vi forvente mer knapphet?

Med bare 21 millioner Bitcoin (BTC) som skal utstedes, gjenstår litt under 2,5 millioner BTC for gruvedrift.

I en tweet sa ChartBTC at Bitcoin-nettverket allerede passerte 18,5 millioner BTC-mark i omløp. Dette betyr at det er mindre enn 2,5 millioner Bitcoin Evolution igjen, eller omtrent 11,9% av den totale Bitcoin som skal genereres.

ChartBTC påpekte at halvparten av de resterende 2,5 millioner BTC vil bli utvunnet de neste fire årene. Siden opprinnelsesblokken tilbake i 2009 har Bitcoin-nettverket allerede gjennomgått tre halvdeler, med den tredje halveringen som finner sted i mai i år. Ettersom utstedelsen av nye mynter halveres hvert fjerde år, forventes ikke den siste Bitcoin å bli utvunnet før 2140. Ingen nye Bitcoin kan utvinnes etter det året.

Som Cointelegraph tidligere rapporterte, trodde en gruppe på åtte Crypto Valley-eksperter at den siste halveringen var forskjellig fra tidligere, fordi flere vurderer å lagre livssparingen i BTC.

Siden begynnelsen av 2020 hadde institusjonell etterspørsel etter Bitcoin økt jevnlig. Nye undersøkelsesdata viste at institusjonelle investorer har til hensikt å øke sine Bitcoin-tildelinger uavhengig av kortsiktige fall i pris. Gjennom investeringen i MicroStrategy eier verdens største statlige fond nå 577,6 BTC.