Crypto Mining Companies Will Consume More Energy Than Households In 2018 in Iceland Hindi

author Mohsin Khan YT   4 дн. назад
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Hong Kong Regulator says They’ll Continue To Police Crypto Exchanges And Sales Hindi

Hong Kong Regulator says They’ll Continue To Police Crypto Exchanges And Sales Hindi Hong Kong’s financial regulator vowed to keep “policing” cryptocurrency and ICO markets Friday during a fresh warning to potential investors. In an announcement from the territory’s Securities and Futures Commission (SFC), CEO Ashley Alder said that following a vetting of exchanges and ICO providers for compliance, “market professionals” should also play their role in ensuring the legality of token issuance and exchange. This echoes similar sentiments from US regulator the Securities and Exchange Commission (SEC) in December. “We will continue to police the market and enforce when necessary,” he commented. “But we are also urging market professionals to do proper gatekeeping to prevent frauds or dubious fundraising and to assist us in ensuring compliance with the law.” Hong Kong has sought to strike a balance between permissiveness and investor protection regarding cryptocurrency and ICO regulation. In contrast to mainland China, where crypto trading and ICOs are both de facto banned, lawmakers have chosen a middle-of-the-road approach, with the SFC issuing warnings instead of restrictions prior to China’s ban in September 2017. The result has been a burgeoning crypto startup scene in Hong Kong, with major international crypto exchange Bitfinex among the best-known residents. Binance, currently the world’s second largest crypto exchange by trading volume, has also been based there, despite CEO Zhao Changpeng opting for a multi-country presence. As China seeks to close the net on remaining exchange loopholes, the outlook for Hong Kong meanwhile remains broadly similar to before, the SFC hints. “If investors cannot fully understand the risks of cryptocurrencies and ICOs or they are not prepared for a significant loss, they should not invest,” Julia Leung, the organization’s executive director of intermediaries continued in the announcement, underscoring the responsibility of investors themselves. “Investors who store their fiat currencies and cryptocurrencies with unregulated cryptocurrency exchanges should be aware of the risks of hacking and misappropriation of assets.” --------------------------------- Support us to improve videos and add more informative and entertaining videos. Make Donations on following wallets of your choice. Bitcoin Wallet: 1JEaDDogBEXUSQFga6CtVxs3hoc4PXnngv Bitcoin Cash Wallet: 1AWmhNFcfLK6wY9tte2byurQyc4EBRGQGM Bitcoin Gold Wallet: GXGRHZTQ5DypKgvDQQpDzuUEtt1fXxUCt1 Ethereum Wallet: 0x7cf692cdf2b3b26e40b80c58f821ff5a08b70681 Litecoin Wallet: LiQ2QDpuPzUeU6bPrCMQC2MDbNWrFvLgep Dash Wallet: XwxyfJMSGSzNJonDdxiqYaNXACGrrNvHoF Lisk Wallet: 7604897663042760135L Ripple Wallet: rfXkJ5nixWMwQUryGubG8gUnMQvW1J4jNF SunContract Wallet: 0xadbe23efda8e0c01f30b3b74ae4e46ea2a92e7ed District0x Network Wallet: 0x4705e7f7ff745d66ea68f26d18327c7379f1cc54 EOS Wallet: 0x6909af0e298f7ccee791854aaeccb589995dadcb Digital Note: ddcdjx14z1UGMQg9NWbdKbdVtKH2t4Yid3B2ePpsZtxqNT4snkrh6cUgUw7wMnJH82FS8noajsHKGiNABUygXMdm1oKkUUR24 Hive Project: 0xefed35475c59bba8438523c8d9d6e2751a30d5a0 Energy Eco Token: 0x5b231db2a12af7579b2d3dbb1d8a46f8b2768a5f --------------------------------------------------------------------------------------------- You're watching Channel "Mohsin Khan YT" formerly "Crypto Era/Cold Sea". A channel of Crypto News, prediction and analysis and Latest Tech videos. ------------------------------------------------------------------------------------------------------------------------------- Facebook Official https://www.facebook.com/mohsinkhanyt/ Twitter https://twitter.com/mohsinkhanYT Google+ https://plus.google.com/u/0/111063973630903279252

The Largest Bitcoin Mining Farm in Russia

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Bitcoin To $50k, Overall Market Cap To $1 Trillion Crypto Experts Predict 2018 Bull Run

Crypto Experts Predict 2018 Bull Run Bitcoin To $50k, Overall Market Cap To $1 Trln Following a volatile few days in the crypto markets this week, with Bitcoin (BTC) dipping below $7000 for the first time since November, 2017, several crypto experts have predicted an overall bull run. Experts told CNBC today, Feb. 7, that the total market cap of all cryptocurrencies could reach $1 trillion and that BTC itself could hit $50,000 by the end of this year. Jamie Burke, CEO at Outlier Ventures, Europe’s first Blockchain-based incubator, told CNBC that the predicted bull run will be followed by a general settling down of the market: "We believe after February the market will likely go on a bull run comparative if not greater than last year potentially reaching the trillion-dollar mark before a proper crypto winter sets in where the market becomes more focused on proper market fundamentals.” Thomas Glucksmann, head of APAC business at Gatecoin, sees regulation, the introduction of institutional capital, and technological advances like the Lightning Network as the main factors in rising cryptocurrency prices. He told CNBC over email: "There is no reason why we couldn't see bitcoin pushing $50,000 by December." Back in April 2017 when BTC reached a former high of $1,300, Glucksmann had commented on the connection between the price jump and the start of the US Securities and Exchange Commission’s (SEC) month-long review of the Winklevoss twins Bitcoin ETF proposal. The joint SEC and The Commodity Futures Trading Commission (CFTC) hearings held yesterday, Feb. 6, on their roles in the cryptocurrency sphere may have helped cause the market to see substantial rebound today, Feb. 7. Glucksmann also wrote that a possible element in market growth going forward could be the release of a cryptocurrency-based ETF, similar to when BTC’s price shot up to $16,800 in Dec. 2017 after the CBOE’s futures launch: "One possible appetizer for the bulls, or the catalyst for the recovery, will be the release of another cryptocurrency backed instrument listed on a major exchange. There are several candidates in the pipeline, it's only a matter of time until we have a cryptocurrency backed ETF (exchange-traded fund)." Utility tokens like IOTA, NEO, and Ethereum are also something to watch in the coming months, CEO of Hercules Tech Mick Sherman told NBC: "Utility tokens and assets with a working platform and a clear-cut reason for requiring both a blockchain and their own token, are more likely to appreciate in value this year. Some of these cryptoassets will not be used for years, meaning they have no utility value.” Ran Neuner, host of CNBC’s show CryptoTrader, has pinned his Feb. 1 tweet that predicted Bitcoin hitting $50,000 at the end of 2018: --------------------------------- Support us to improve videos and add more informative and entertaining videos. Make Donations on following wallets of your choice. Bitcoin Wallet: 1JEaDDogBEXUSQFga6CtVxs3hoc4PXnngv Bitcoin Cash Wallet: 1AWmhNFcfLK6wY9tte2byurQyc4EBRGQGM Bitcoin Gold Wallet: GXGRHZTQ5DypKgvDQQpDzuUEtt1fXxUCt1 Ethereum Wallet: 0x7cf692cdf2b3b26e40b80c58f821ff5a08b70681 Litecoin Wallet: LiQ2QDpuPzUeU6bPrCMQC2MDbNWrFvLgep Dash Wallet: XwxyfJMSGSzNJonDdxiqYaNXACGrrNvHoF Lisk Wallet: 7604897663042760135L Ripple Wallet: rfXkJ5nixWMwQUryGubG8gUnMQvW1J4jNF SunContract Wallet: 0xadbe23efda8e0c01f30b3b74ae4e46ea2a92e7ed District0x Network Wallet: 0x4705e7f7ff745d66ea68f26d18327c7379f1cc54 EOS Wallet: 0x6909af0e298f7ccee791854aaeccb589995dadcb Digital Note: ddcdjx14z1UGMQg9NWbdKbdVtKH2t4Yid3B2ePpsZtxqNT4snkrh6cUgUw7wMnJH82FS8noajsHKGiNABUygXMdm1oKkUUR24 Hive Project: 0xefed35475c59bba8438523c8d9d6e2751a30d5a0 Energy Eco Token: 0x5b231db2a12af7579b2d3dbb1d8a46f8b2768a5f --------------------------------------------------------------------------------------------- You're watching Channel "Mohsin Khan YT" formerly "Crypto Era/Cold Sea". A channel of Crypto News, prediction and analysis and Latest Tech videos. ------------------------------------------------------------------------------------------------------------------------------- Facebook Official https://www.facebook.com/mohsinkhanyt/ Twitter https://twitter.com/mohsinkhanYT Google+ https://plus.google.com/u/0/111063973630903279252

Crypto Mining Companies Will Consume More Energy Than Households In 2018 in Iceland Hindi

Iceland is set to consume more energy for crypto mining than for household use this year, the Associated Press reports Monday, Feb. 12. The naturally cold climate and access to renewable energy are listed as the primary reasons for the influx of crypto mining companies to the Nordic island nation.

Icelandic businessman Johan Snorri Sigurbergsson of the energy company Hitaveita Sudurnesja predicts a doubling of the country’s cryptocurrency mining energy consumption to 100 megawatts this year, more energy than the 340,000 residents of Iceland will consume for personal use in that time.

Sigurbergsson told the AP that he “could not have predicted this trend” four months ago, “- but then Bitcoin skyrocketed.” He reports that he had just met with a mining company wanting to buy 18 megawatts.

Bitcoin mining hardware requires a large amount of energy to perform the calculations to find “hashes,” which then gives the miner a Bitcoin reward. Alternatives to the current energy-consumption-heavy method of mining have been proposed, like using a Proof-of Stake system instead of Proof-of Work, or using renewable energy to power mining computers.

Mining sites in Iceland naturally have the opportunity to produce less pollution than the coal-burning mining sites located in China, for they have access to geothermal and hydroelectric power plants, both cheaper and more environmentally friendly alternatives to coal.

Keflavik, a coastal town on the southern peninsula of Iceland, is home to three of the biggest Bitcoin mining sites in the country. These mining “farms” have walls that are open to the elements, which allows cold wind to naturally cool down the mining hardware.

In the US, when mining companies began moving en masse to Washington to take advantage of the state’s cheaper electricity, the data infrastructure of one small county became quickly overloaded and now requires an addition of 100 megawatts.

Smari McCarthy of Iceland's Pirate Party, an anti-establishment political party that entered Iceland’s Parliament after the 2008 financial crash, brought up the possibility of taxing any profits made by Bitcoin mining, considering that a mining company falls under the category of “creating value” within the country.

Regardless of the potential profits, McCarthy is unsure about what Bitcoin mining can bring to Iceland, reports the AP:

"We are spending tens or maybe hundreds of megawatts on producing something that has no tangible existence and no real use for humans outside the realm of financial speculation. That can't be good."

In December 2016, when Iceland was rallying to form an alternative coalition that included the Pirate Party after inconclusive election results, the Pirate Party’s founder referred to their platform as the most “favorable” for Bitcoin’s path to legality in the country.
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