ASIC BTC miners (an abbreviation of the English application-specific integrated circuit, "integrated circuit for a specific application") — machines optimized exclusively for bitcoin mining are currently being sold at minimum prices not seen since 2020 and 2021, which is seen as another sign of the deepening of the bear market of cryptocurrencies
The protracted bearish trend in the crypto market and the fall in the bitcoin exchange rate, on the one hand, reduced the income of miners, but on the other hand, opened up some opportunities. It is enough to turn to statistics.
Last week, the hashrate of bitcoin fell by about 38% due to the massive disconnection of American miners from the network. On December 25, the capacity decreased to 170.6 hashes per second (Eh/s), this is evidenced by the data of the CoinWarz service.
A journalist from China, Colin Wu, spoke about the main news of cryptomining over the past week, in the period from December 19 to December 25, 2022. He noted: The US National Weather Service reported a snowstorm from the Midwest to the Northeast with a sharp cold snap, which led to negative temperatures in about 80% of the state.
According to the Hashrate Index, public mining companies collectively owe more than $4 billion. The largest debt is due to Core Scientific, Marathon and Greenridge Generation.
The lead developer of XRP Ledger and Xumm Wallet, Witse Wind, answered a question from his subscriber and revealed theoretical scenarios in which XRP can become a stablecoin. In the manner of Michael Saylor or Changpeng Zhao, Wind stated that 1 XRP is equal to 1 XRP.
The developer said that, theoretically, he can assume two scenarios, both of which are quite impossible in themselves. The first assumes that all centralized and decentralized crypto platforms will sell XRP only for a certain amount of fiat. Wind rejected this on the grounds that there are too many crypto platforms.
The material is not an investment recommendation and is published solely for informational purposes.
What happened? The co-founder of the Ethereum network Vitalik Buterin expressed support for the Solana(SOL) blockchain team. Referring to his own authoritative sources, he said that a "serious community of smart developers" has gathered around Solana, and the project has prospects for development, since "mercantile investors" are no longer related to it. "It's hard for me to judge from the outside, but I hope that the community will get a fair chance to flourish," Buterin added.
The whale on the Chiliz fan token market has set in motion 20 million CHZ belonging to it. Such large-scale movements can collapse the price of a token in a thin market
On the penultimate day of December, ForkLog magazine prepared a traditional calendar of important events for the next month.
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Spain
Portugal
