Här är varför Bitcoin Hashrate bara såg massiv droppe över natten

Bitcoin-svårigheten är på väg att följa hashrate med en signifikant negativ justering
Här är varför Bitcoin Hashrate bara såg massiv droppe över natten

• Översvämningar gör gruvarbetare sårbara
• En stor svårighetsgrad är på korten

Den 26 oktober upplevde stora Bitcoin-gruvpooler en betydande minskning av hashrate, enligt NovaBlock-data.

Som förklarats  Bitcoin Code av Thomas Heller från HASHR8 är slutet på regnsäsongen i Sichuan som inträffade den 25 oktober skyldig för den kraftiga nedgången.

Heller uppskattar att de bästa gruvpoolerna har tappat cirka 22 EH / s:

”Om vi ​​tittar på de 10 bästa poolerna kan vi se att cirka 22 EH / s lämnade Bitcoin-nätverket. Inte ett exakt mått naturligtvis, men överlagrat med antalet block som bryts per dag, kan vi få en grov uppfattning om hashrate-förändringen. ”

Översvämningar gör gruvarbetare sårbara

Sichuan, en sydvästra kinesiska provinsen, ansvarar för 9,66 procent av landets totala hashrat eftersom det lockar Bitcoin-gruvarbetare med sitt överskott av vattenkraft.

För närvarande migrerar gruvarbetare till Xinjiang, Inre Mongoliet och andra regioner eftersom de inte längre kan dra nytta av extremt billiga elkostnader.

Regnsäsonger varar vanligtvis i Sichuan från maj till september. I maj led dock Sichuan av kraftbrist på grund av långvariga höga temperaturer som fångade lokala gruvarbetare och tvingade dem att minska sin verksamhet.

Torrential regnar som plågade provinsen i augusti också avsevärt bucklade Bitcoin hashrate innan det så småningom återhämtat sig till nya all-time highs.

U påminner sina läsare om att mer än kinesiska gruvarbetare kontrollerar över 65 procent av nätverkets totala datorkraft.
Relaterade Bitcoin Hashrate att nå ny all-time high är “Death Knell” för Bitcoin Cash och Bitcoin SV, säger Max

En stor svårighetsgrad är på korten

Bitcoin-gruvsvårigheter förväntas nu registrera en negativ justering på cirka 10 procent nästa söndag efter den massiva hashratnedgången.

Detta skulle vara den näst största negativa justeringen 2020 efter den historiska nedgången på 15,95 procent som registrerades efter “Black Thursday” den 13 mars.

Santiment, a blockchain analytics company, writes that Ethereum’s NVT is still bullish.

NVT is the ratio of network value to transaction, which is viewed as the price-performance ratio for blockchain networks.

The data also shows that investors are amassing ETH masses, with the coins leaving the exchanges in no time at all. It is HODLED.

Ethereum’s on-chain trends are still favoring the bulls

Ethereum has seen a sharp drop from its weekly highs of $ 385. The coin fell below $ 370 on Tuesday morning as capital streamed back towards Bitcoin from the altcoin market.

Despite the local, short-term decline, the analysts remain bullish on ETH.

A main reason for this is that Ethereum’s on-chain trends are still hugely positive.

Santiment, a blockchain analytics firm, recently shared the chart below. It shows the price action of ETH in relation to the meter of network value to transactions, which is seen as the price / earnings ratio for blockchain networks.

On the current status of the relationship, Santiment writes that Ethereum is still “bullish”, but the trend is moving into “neutral territory”.

Chart of the price behavior of ETH in recent years with an overlay of the NVT model. Chart from blockchain analytics firm Santiment

Shortly before this post was published, the company had discovered that massive accumulation had occurred among Ethereum owners and investors. According to Santiment, the number of ETH held on exchanges has fallen quite dramatically in the past two months – and that suggests accumulation:

“$ ETH’s top 10 whale exchanges continued to move their funds to non-exchange wallets and move their holdings at an impressive pace. The 20.5% decline in tokens on the exchanges in the past 2 months indicates the price confidence of the top owners of #Ethereum. ”

Chart of the price development of ETH in the last few months with an overlay of the number of the top 10 stock exchange holdings against the non-stock exchange holdings.

Chart from Santiment, a blockchain analytics company.

Not everyone is convinced of altcoins

However, not all investors and analysts in this room are convinced of altcoins like Ethereum in the current phase of the Bitcoin market cycle.

Kyle Davies, co-founder of the Three Arrows Capital crypto fund, recently hinted that bitcoin is likely to outperform altcoins dramatically. Previously, his business partner Su Zhu had pointed out that this was a time when BTC had to recover while altcoins were falling.

“You are about to find out why all the rich OG’s mostly hold $ BTC.”

Just today, BTC was able to rebound by 2% while Ethereum is down by 2%.

Het Crypto voor het Congres initiatief is gelanceerd. Alle leden van het Congres zullen bitcoin krijgen als campagnebijdragen om hen te helpen leren over cryptocurrency. Het initiatief wordt ondersteund door leden van de Congressional Blockchain Caucus, waaronder pro-crypto vertegenwoordigers Darren Soto en Tom Emmer.

Elk congreslid dat een Bitcoin-bijdrage ontvangt

Het “Crypto voor het Congres” initiatief is gelanceerd, de Kamer van Digitale Handel kondigde maandag aan. “Vandaag krijgen alle leden van het Amerikaanse Congres een campagnebijdrage in bitcoin” als onderdeel van dit initiatief, de aankondiging details. Er zijn 535 leden van het Congres: 100 dienen in de Amerikaanse Senaat en 435 in het Huis van Afgevaardigden.

Het Politiek Actiecomité van de Kamer van Koophandel zal een bijdrage van $50 bitcoin leveren aan alle 535 leden van het Congres. De organisatie biedt ook online openbare educatieve training, een toolkit, en diverse middelen aan congresleden van alle partijen “om hen te helpen zich direct in te zetten voor het cryptocurrency ecosysteem”, zo wordt in de aankondiging uitgelegd. Volgens de informatie op de website van het initiatief:

Crypto for Congress is een educatief initiatief gericht op het uitbreiden van het gebruik en de adoptie van digitale middelen onder Congreskandidaten, gekozen leiders en betrokken burgers.

“Nu is het moment voor alle leden van het Congres om te leren over en omarmen van cryptocurrencies en blokketentechnologie, en de beste manier om dat te doen is om een digitale portemonnee op te zetten en te beginnen met de blokketenreis,” zei Perianne Boring, de oprichter en voorzitter van de organisatie. “Veel andere landen zoals China, Japan, Singapore en Zwitserland hebben de blokkettechnologie snel omarmd en hebben robuuste nationale plannen gemaakt om op dit gebied wereldleider te worden. De Verenigde Staten lopen een achterstand op het gebied van technologische innovatie op en dit is geen risico dat we bereid moeten zijn te nemen”.

Het Crypto Trader for Congress initiatief wordt gesteund door leden van de Congressional Blockchain Caucus, waaronder pro-cryptocurrency vertegenwoordigers Darren Soto en Tom Emmer. Sponsors van het onlangs gelanceerde initiatief zijn Anchorage, Bitpay, Blockfi, CMT Digital, Circle, Civic, Etoro, Flipside Crypto, Medici Ventures, Messari, en Paxos.

“Crypto voor het Congres brengt een kans voor onze hele Congresgemeenschap om zich aan te sluiten bij deze generatiewisseling op het gebied van financiën en technologie”, aldus Tom Emmer. “Door de digital asset beweging te omarmen, hebben we een kans om een belangrijke stap voorwaarts te zetten om Amerika’s leiderschapspositie in de toekomst van de wereldeconomie te verzekeren.”

Faced with the problems in Argentina, Paxful chose to take the bitcoin quote with the price of the informal dollar

In Argentina, Paxful updated the Bitcoin price quote taking into account the price of the informal dollar. They used to take the official dollar price, but they said that it no longer makes sense to do so. For more details, Cointelegraph en Español spoke with Magdiela Rivas, Paxful’s manager for Latin America.

Argentina is a country with a complicated economic history and its national currency, the Argentine peso, has devalued a lot in the last decades.

Paxful expands beyond bitcoin and adds tether to its platform

But in addition, you can see that the country has different quotes from the US dollar. This situation has been aggravated by the tightening of restrictions on the acquisition of foreign currency. Today, many Argentine citizens are forbidden by the government to buy dollars at the official price.

“Paxful is adapting to reality. Citing the official dollar as a quotation is obsolete. The reality is that the real quotation of the dollar is, sadly, the informal one”, pointed out Magdiela Rivas.

Paxful survey: Argentines believe that investing in cryptomonies is the most effective way to save

Then he explained: “It was one of the complaints that there were from Paxful users, especially the new ones. Because they saw that the price of Bitcoin was cheap, since it was quoted between USD 700,000 and USD 800,000 approximately. This happened while in the exchanges and on the street it was already USD 1,500,000. That was already a barrier for new users because they didn’t understand that price.

And he added: “When you looked at the sales price, you could see the price they were putting, and you noticed, for example, the price of Bitcoin plus a 100% bonus. So it seemed that users were overpricing, when in fact it was reflecting what the dollar was really worth.

Paxful launches its international entrepreneurship program in Argentina

For all this, it was decided to take reference to some applications that show the quotation of the informal dollar, or also called “blue dollar”.

Con l’inizio di ottobre di un’epidemia ribassista, la Bitcoin è scesa a 10.380 dollari da 10.940 a 10.380 in un intervallo di 12 ore. Mentre il recupero è stato encomiabile al momento della stampa, un analista di spicco ha suggerito che c’era più di quello che si vede nello spazio Bitcoin.

In un thread di tweet pubblicato da Cole Garner, l’analista ha indicato che gli indirizzi Crypto Cash hanno registrato un picco importante nel grafico la scorsa settimana. Con i volumi che hanno preceduto il prezzo durante il periodo, ha dichiarato che la solita cifra di 5-10k indirizzi BTC/giorno, ha raggiunto un nuovo picco a 22k indirizzi la scorsa settimana, immaginando un nuovo picco negli ultimi 2 anni.

Anche se un aumento inquietante in termini di indirizzi BTC, si è ipotizzato che possa essere dovuto all’intervento tempestivo della Cina.

La Cina chiama l’asset crypto con le migliori prestazioni nel 2020

Un rapporto che apparentemente ha mancato l’attenzione di tutti, China Central Television (CCTV) ha pubblicato un clip di 3 minuti verso la fine di settembre, che ha evidenziato che le risorse digitali sono cresciute del 70% nel 2020.

Dovey Wan, un importante sostenitore della crittografia, e socio fondatore di Primitive crypto, ha anche optato per il fatto che si è trattato di uno sforzo collettivo da parte dei media cinesi per promuovere lo sviluppo di crypto nel 2020. Si è spinta fino ad affermare che si è trattato di un “raro sforzo coordinato”.

Allora, cosa significa tutto questo?

Se si spara al buio, tutto ha senso da un punto di vista economico, che l’ascesa di Bitcoin alla ribalta aiuterà anche la Cina. Prendere il predominio della Cina nel settore minerario Bitcoin. Con l’aumento di valore della Bitcoin, BTC è indirettamente l’oca d’oro della Cina o, per usare un termine raffinato, un tesoro nazionale.

Ma la Cina non dovrebbe essere uno stato anti-Bitcoin?

Sulla carta, sì. Considerando che il Paese sta mettendo tutte le uova nel paniere con il suo DCEP, l’obiettivo della Cina è quello di promuovere la sua moneta digitale in una prospettiva a lungo termine. Ma stanno prendendo i colpi dalla spalla di Bitcoin.

Non è inverosimile affermare che l’enorme pressione di vendita della Bitcoin nell’ultima settimana potrebbe essere stata assorbita dalla vendita al dettaglio in Cina e quindi la Bitcoin sopravvive a un enorme calo.

Dove si inserisce il DCEP?

Si inserisce nel quadro a lungo termine. Se il valore del Bitcoin aumenta nei prossimi mesi, e la Cina può promuovere collettivamente che il DCEP è una forma migliore di risorsa digitale rispetto al Bitcoin già in crescita, sta creando una situazione in cui il DCEP potrebbe apparire come il migliore all’interno del migliore. Quindi, per la Cina, un toro Bitcoin gioca nel gioco dell’internazionalizzazione della sua valuta digitale.

Mentre molto deve accadere prima che tutti i pezzi cadano al loro posto, il piano potrebbe essere già in movimento per la Cina, e per il Bitcoin.