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Bitmain ASIC Mining Machine Antminer T19 84T 3150W
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Bitmain ASIC Mining Machine Antminer t19 84T 3150W (CALL FOR PRICE in stock) Quick Details Brand Name: bitmain Algorithm: SHA256 Power Consumption: 3150w Hashrate: 84T Encryption: Yes Products Status: Stock, Used Rating Power: > 1000W Place of Origin: Guangdong, China Material: metal Warranty(Year): 30 days After-sales Service: Others Product name: antmain t19 84t Hash Ra...

Ethereum launched in summer 2015 with the aim of expanding the use cases of blockchain and cryptocurrency to encompass all manner of decentralized applications beyond Bitcoin’s initial scope, from permissionless financial services and crowdfunding to new organizational structures.

Ethereum was envisioned as a “global computer” that would allow developers to publish and execute apps powered by smart contracts — programmable scripts that facilitate the flow of digital assets.

Ethereum’s native cryptocurrency, Ether (ETH), not only provides an incentive structure similar to Bitcoin (BTC) in securing and maintaining the network but is also used as “gas” to run transactions through smart contracts. This functions as a security measure to protect the network from inefficient code and attacks by malicious actors.

At Cointelegraph, we are chronicling the progress of the Ethereum space. Will it become essential infrastructure for a more open, freer internet? Or will it be surpassed by other smart contract (or traditional) platforms vying for mind and market share?

Stay tuned.

The demand for mining stocks increases as the majority of firms focuses on two important prospects: scaling and holding.

For instance, Marathon reported in its non-audited August report that it had received 21,584 top-tier Bitcoin mining ASIC machines from Bitmain in 2021, adding that it is due to get another 5,916 that are currently in transit. As a result, the company expects to run at least 133,000 Bitcoin mining machines by the middle of next year.

Meanwhile, Marathon noted that it now holds 6,695 BTC, including the 4,812.66 BTC it purchased in Jan 2021. As a result, the fair market value of Marathon’s current bitcoin holdings is now around $333.4 million, giving the firm adequate capital to scale up its productions in the future.

Similarly, Riot Blockchain's August report showed a 451% increase in its Bitcoin mining capacity on a year-over-year basis, helped by its fleet of 22,050 miners, with a hash rate capacity of 2.2 exahash per second (EH/s). The firm mined 441 BTC in Aug 2021.

The performance of spot Bitcoin versus crypto-focused stocks in a year. Source: Ecoinometrics

As global regulators continue to scrutinize the cryptocurrency industry, Tesla CEO Elon Musk has expressed support for crypto, calling it indestructible.

“It is not possible to, I think, destroy crypto, but it is possible for governments to slow down its advancement,” Musk said at the Code Conference in California, CNBC reported Tuesday.

According to the Tesla CEO, the decentralized nature of cryptocurrencies may be a challenge for the Chinese government, which announced a new war on crypto last Friday.

“I suppose cryptocurrency is fundamentally aimed at reducing the power of a centralized government,” Musk noted, adding, “They don’t like that.” He also suggested that the latest Chinese crackdown on crypto is likely to have something to do with the country’s “significant electricity generation issues.”

“Part of it may actually be due to electricity shortages in many parts of China. A lot of South China right now is having random power outages because the power demand is higher than expected [...] Crypto mining might be playing a role in that,” he said.

Despite Musk not considering himself as a “massive cryptocurrency expert,” the tech mogul stressed regulators should not be trying to slow down cryptocurrency adoption. When asked whether the United States government should be involved in regulating crypto, Musk responded:

“I would say, ‘Do nothing.’”
Related: Dogecoin more popular than ever... even as TXs hit lowest level since 2017

Musk has emerged as a significant crypto price influencer on Twitter, with many experts linking his posts to massive price movements for tokens such as Shiba Inu (SHIB), Dogecoin (DOGE), as well as Bitcoin (BTC). The Tesla CEO was widely criticized in the crypto community after suspending Tesla’s BTC payments option over presumed environmental concerns about Bitcoin mining in May 2021.

Musk previously caused massive optimism on the crypto market by announcing a $1.5-billion Bitcoin purchase in February.

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Gigabyte Auros Master RTX 3090 24GB.
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