#Bitcoin Is price of Bitcoin going to kill the bitcoin mining industry? Published 3 weeks ago on November 27, 2018 By Nadja Eriksson Share Tweet Chinese Bitcoin Mining Companies shutting down Recently F2Pool which is one of the largest bitcoin mining pools reported of shutting down 800,000 miners are selling them by the ‘Kilos‘. The bitcoin hashrate dropping from 61.8 million tera hashes in late August to a low of 36.7 million tera hashes just recently sounds very drastic. Russian Miners selling their equipment despite the cheap electricity rates In Russia, reports are coming out that home miners are unsurprisingly being squeezed out even in regions where electricity is super cheap. Miners are now looking to sell their old hardware instead of staying in the bitcoin mining game. But is that the end? Sweden Attracting Bitcoin Mining Companies After Norway decided to end its power subsidies to bitcoin miners which results in a massive increase in electricity rates in the region starting from 2019. In response to this news, Sweden is opening the doors to the expected wave of refugee miners. Sweden’s municipality of Boden which already has 10 different bitcoin mining farms located in the region expects to see a wave of bitcoin miners entering their region very soon. The local business agency director said that the bitcoin mining companies from Norway have already started to inquire about the facilities in Bodan and said that Bodan will be very happy to see them. Paraguay to support ‘Golden Goose’ Bitcoin Mining Project The Vice President of Paraguay has declared his support for what is being called the Golden Goose project. This would see the South Korean Blockchain Foundation building 5 farms on Paraguay State-owned land. The data center will be located next to the Itaipu Hydro Dam. This hydroelectric dam produced the highest amount of energy of any hydroelectric dam in the world. The dam’s current production of energy is quite high in accordance to the demand in the local area and so it will be able to offer a great collaboration with crypto miners who want to build the largest bitcoin mining farm just next to the dam. This is just an idea at the moment as the construction or any other sort of work hasn’t been started yet in accordance with the project. Large Bitcoin Mining Farm opens up in Armenia In Armenia, a new $50 million bitcoin mining farm building has been opened up and backed by real estate company Multi Group Concern. They are starting off with 3000 machines and are in a process of procuring and powering up an additional 120,000 bitcoin mining machines. This will put Armenia in the bitcoin mining world map. So the bitcoin crash is not killing the mining industry and even if the price falls even more underneath the $2000 range as being predicted by analysts, there are new bitcoin mining machine models coming up which will consume very low levels of electricity and keep the mining industry running successfully. Related Topics:Bitcoinbitcoin blockchainbitcoin chartbitcoin forecastbitcoin futurebitcoin minersBitcoin miningbitcoin mining companybitcoin mining farmsbitcoin predictionbitcoin pricebitcoin price 2018bitcoin price todaybitcoin to usdbitcoin tradebitcoin tradingBlockchainbtcbtc analysisBTC exchangeBTC exchange rateBTC forecastBTC futureBTC minersBTC miningBTC predictionbtc pricebtc price analysisBTC TO USDBTC TRADINGBTC USD Chartbtc/usdbtcusddaytradingminingmining business Up Next Reasons to Buy Bitcoin Now: Bitcoin Predictions for 2019 Don't Miss Bitcoin Whale Alert: 4557 BTC transferred to Bitfinex as price temporarily up Continue Reading You may like Bitcoin institutional adoption rising: BTC price analysis Is Bitcoin ready for the Santa Rally: Off to $4400. Bitcoin Coffee: The first blockchain coffee is a fact! Seven Popular Ways to Earn Bitcoin Bitcoin Whale Alert: 5351 BTC transferred to Bitfinex Hong Kong tightening Bitcoin laws amidst the cryptocurrency market crash 1 Comment 1 Comment Pingback: Is price of Bitcoin going to kill the bitcoin mining industry? - Satoshiuncle Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Bitcoin Bitcoin institutional adoption rising: BTC price analysis Published 13 hours ago on December 18, 2018 By Janet F. Sanchez Amidst the crypto winters which led to the price of bitcoin falling massively, institutional adoption is on a rise with many analysts predicting that the bear market was being manipulated by large institutional investors in order to buy bitcoin at the cheapest rates before the entering into the markets. Greg Tusarm an ex Goldman Sachs executive is comparing the current situation in the cryptocurrency market as early days of equity trading according to Bloomberg. The ex Goldman Sachs executive sees a great future for bitcoin and other cryptocurrencies ahead and believes that there are a lot of opportunities for businesses in the crypto space. Greg has also launched his own crypto brokerage called Tagomi Holdings which is backed by large investment firms such as Founders Fund. Just a few days back, Jeremy Allaire, the CEO of Circle predicted that the price of bitcoin along with other cryptocurrencies will be rising tremendously in the next 3 years. Paypal Co-founder launches Tagomi Holdings Inc Peter Thiel, the head of ‘Paypal Mafia’ which is a group of former Paypal employees and founders who have since founded and developed companies such as Tesla motors, Linkedin, Youtube etc. has successfully launched an electronic brokerage startup Tagomi Holdings Inc. The company will help to overcome operational challenges in relation to trading digital assets such as bitcoin. The launch was announced by the company in a press release. Peter had also claimed that Bitcoin can be a hedge against economic downturns. The Founders Fund led by Peter has made huge a massive fund allocation in cryptocurrency startups all around the world. Bitcoin Price Analysis: BTCUSD Bitfinex 24 hour chart After being bearish for a over a month, bitcoin started a bull run yesterday rising over $200 in just a matter of minutes. Though trading volumes are quite low in comparison to last year’s trading volumes, the current volumes are quite higher than the last few months. Since yesterday Bitcoin is continuing its bullish pattern currently trading around $3641 on Bitfinex (at the time of writing). The price is expected to rise further as a major bullish pattern is formed with the new key support at $3550 (In accordance to Bitfinex Chart). The major bullish pattern line formed will most likely push bitcoin price above $4000 in short term. Bears turning bullish Market analysts who were earlier predicting bitcoin to fall below $3000 have now started to make bullish predictions stating that the price of bitcoin can soon reach its original position above $6000 where it was trading earlier before the start of the bearish trend in November this year. More and more institutional investors are buying cryptocurrencies at the current price which is the lowest price for bitcoin for more than a year. Diar has reported that more and more institutional investors are shifting to large over the counter trades for buying bitcoin and other cryptocurrencies lately. The total market capitalization of cryptocurrencies has risen more than $12 billion in 2 days. On Monday, the total market cap was around $103 billion which today stands at around $115 billion. The following article is not financial advice. The readers are advised to do their own research and analysis before making any investment decisions in the cryptocurrency markets. The following are the viewpoints of the writer and not Coinnounce. Continue Reading #Bitcoin Seven Popular Ways to Earn Bitcoin Published 2 days ago on December 17, 2018 By Guest Author It has always been hard to believe that the blockchain-driven cryptocurrency is yielding a real-time value. The crypto-world is blurring the lines between the real and the virtual, therefore, now is the right time to join this virtual league of crypto-users and earn some Bitcoin. Even if you are fascinated by the idea, you must be troubled with the means to begin your journey with Bitcoin. Solving this issue, here we have enlisted some popular ways to start earning Bitcoin with the least possibilities of risks. You will discover some amazing opportunities to capitalize on the cryptocurrency trend and earn some extra bucks while coping-up with your regular jobs. 1. Bitcoin Mining Bitcoin Mining is one most conventional way of earning Bitcoin. Mining is the process of solving mathematical operations using a set of computer hardware and software to create Bitcoin. It is not an easy job; Bitcoin Miners need to be ultra-skilled to be successful at this job. Since a lot of miners have entered the market, it is easily noticeable that the difficulty of this job is increasing exorbitantly. Though, taking the support of external devices with better processing ability can be a relieving factor. 2. Micro Tasks for Bitcoin For those looking for small-scale means, you can go for some micro-tasks that pay in terms of Bitcoin. Cumbersome efforts are not required to do these micro-jobs. They are small, easy and less time-consuming jobs which may include watching an advertisement, posting on social media, filling a survey etc. This is similar to the ordinary micro-jobs; the only difference is the pay. The payment is done in the form of Bitcoin. The pay is low but apt in terms of the time invested and the low risks involved. 3. Invest in Bitcoin and Bitcoin Derivatives It is the most recent development in the bitcoin world. It is a popular investment asset providing lucrative means of making money with Bitcoin. The most common way is to buy Bitcoin and sell them after a point when the price is increased enough to turn a profit. Using this method, people have turned millionaires after the record-breaking hike in the value of Bitcoin in 2017. Investing in Bitcoin is a new yet extremely profitable source of investment. Before selecting one of the ways, opt for a rational approach. There is an infinite potential to earn in this market but being a beginner, begin with tiny steps. It requires heavy investments to earn heavy amounts which are not usually affordable. Bitcoin Investments can be fairly profitable but nobody can take charge of the reliability. They are risk-prone investments which tend to fluctuate all the time. One mindful suggestion could be to invest while considering your personal level of risk tolerance. 4. Bitcoin Games and Gambling There are abundant games available online that payout in Bitcoin. The payments are equivalent to the amounts one would get by doing the micro-tasks. They are fun and enjoyable, something that micro-tasks can never be. If you are a gaming fanatic, look out for such games and get yourself rewarded. Casinos and in the virtual realm are called the digital casinos, same goes for betting and Sportsbet is an extension of the same concept. It uses Bitcoin as currency while the rest of the elements remain the same. However, it’s not a reliable source of money. Indulge in bitcoin gambling and betting only if you don’t mind losing your money. 5. Become a Freelancer and take payments in Bitcoin Freelancing is a profession almost everyone is aware of. There are multiple platforms that help buyers and sellers to trade services. The services range from making a graphic art to creating a computer algorithm. The buyers pay these freelancers for their bit of work. A delightful twist in the process is the introduction of Bitcoin Payments. Only a handful of sites have introduced this feature. If you have a skill that you think you can sell, join such site today! Freelancing is a good option for various reasons. First of all, unlike mining or investing, there are no initial costs. You just have to log in, create a profile and start making gigs. Second, you can earn decent amounts. You will be paid for a skilled job, unlike the micro jobs. Third, you will get better at your work and get recognized for your work. Freelancing is a reasonable way to earn bitcoin without investing a large amount of money. 6. Bitcoin Blogging monetized with Bitcoin-based Advertisements Bloggers earn through their content on their websites. They place ads in between the content and the more clicks they get, the more money they make. If you wish to earn Bitcoin by content creation, you can sign-up Bitcoin-based ad network. These networks pay in terms of Bitcoin. The ads on the blogs match the context of the content. That is why it is always a good idea to create content that revolves around cryptocurrency. This method allows you to diversify your income stream into two. You can earn Bitcoin and Dollars simultaneously from one website. 7. Lend your Bitcoin Lending is a very traditional way of earning a passive income and the now the same proposition holds true with Bitcoin and other cryptocurrencies. ‘Peer-to-peer lending’ is an emerging form of lending which is done via online portals. It has eradicated the roles of the bank and other financial institutions. You can earn Bitcoin through loans by using one of these lending platforms. Remember that you need to have some initial Bitcoin in the first place, to begin with, this practice. Also, the default is a possibility in the lending process. Make sure that the person taking the loan is reliable enough to return your Bitcoin along with interest. We thank Davey Cross for this guest post. Continue Reading #Bitcoin Bitcoin Whale Alert: 5351 BTC transferred to Bitfinex Published 2 days ago on December 17, 2018 By Layla Harding Bitcoin showed quite a bullish momentum today rising around $200 in just a couple of hours. Bitcoin is currently trading around $3397 (at the time of writing) according to CoinGecko. The current price is a bonus for the bitcoin whales who were waiting for the best moment to sell their holdings in the midst of crypto winters. Though bitcoin showed bullish pattern today, the market trend still seems to be bearish as market analysts are predicting that the current bounce is just an illusion which is soon going to turn into a disaster for the price of bitcoin. Seeking the best opportunity, big bitcoin whales were already ready to sell their holdings in order to gain profits when the market crashes again. Just a few hours ago, around 5351 BTC were transferred from unknown wallets to Bitfinex exchange probably for selling when the short term bulls show up. Here are the details for the transactions: Transaction 1: 1909 BTC https://www.blockchain.com/btc/tx/622ddee30e9b5bbac2053ef4042d37e8ba6b2728ccdcedc85f5aac4c8a3fa9a3 Transaction 2: 1721 BTC https://www.blockchain.com/btc/tx/39616ab5255bf9c58875f66431e06b4c57b4825bebb912e246585b290a8440b9 Transaction 3: 1721 BTC https://www.blockchain.com/btc/tx/a9ed866dcb578155cefa2d8bce16a1b22f4ff016584f8ff131437a944025316b The crypto market trend is quite bearish at the moment with the price of bitcoin crashing down from above $6500 to around $3200 in just a month of time. The small-time investors should be quite cautious while trading in such a market situation as the large whales maybe waiting for the best time to make a profit out of your anxiety. The following article is not financial advice and readers are advised to do a thorough research and analysis before making any investment decisions in the crypto market which is quite volatile. 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