Welcome to this insightful blog post on the environmental impact of hosted mining in the world of cryptocurrency. As a crypto-expert, I understand that the popularity of bitcoin hosting has led to a significant increase in hosted mining operations. Hosted mining refers to the process where miners rent space in data centers to host their mining equipment. While this model may seem cost-effective and convenient, it has raised concerns about its sustainability and impact on the environment. As such, the …
Category: Cryptocurrency
NFTs are a trendy word in the tech and crypto worlds. But what are NFTs? And more specifically how are they affecting the music industry? Read on to find out more about this hot topic. What Are NFTs? NFTs, or non-fungible tokens, are a new form of the digital asset. NFTs are crypto-backed digital tokens, each unique and unable to be replicated. They can represent one or more of the following: A work of art, whether a painting or sculpture …
In 2022, the cryptocurrency market saw significant losses, losing 50% of its value from the previous year’s peak. Most financial assets including stocks and shares also lost ground. As inflation hit levels not seen since the early 1980s, reacted by increasing interest rates. In the US, the Federal Reserve raised interest rates by a cumulative 4.25% following years of stagnant, near-zero interest rates. Many investors were left wondering what causes inflation and how long it would last. Higher interest rates …
Given the negative news in the crypto, blockchain, and decentralized finance (DeFi) spaces in 2022, determining which are the best cryptocurrencies to buy right now may be difficult. There are currently over 21,000 distinct cryptocurrencies available to buy or trade. While it can be challenging to determine the optimal allocation of your cryptocurrency holdings in order to maximize your long-term crypto investments even under the best of market conditions, doing so during a bear market can be extremely stressful. 5 …
Large and popular crypto platforms aim to expand their application scope and draw more attention and clients. For that purpose, they do everything possible to increase their liquidity and users’ loyalty, offering them many benefits and discounts on trades and other beneficial options. Such crypto exchanges as WhiteBIT, FTX, and Binance have released their internal crypto assets with the purpose of expanding users’ earning opportunities. For example, the FTX crypto exchange has its FTT token, which brings many benefits both …