The price of electricity as the key to success

With a lower price, only those who purchase their electricity at a competitive price level can continue to participate in mining. It is likely that difficulty will fall again or the price will rise, so that all cloud mining users with a cheap power supply can expect an even more positive development. Thus, the mining ecosystem regulates itself. The basis for guaranteeing successful mining in the long term is therefore low electricity prices.

7Cloud Mining AG can supply the cheap electricity, including the corresponding hardware and the necessary infrastructure. However, the crypto currency can only be secured through the participation of the individual participants. In the crypto market, there must be a balanced distribution of computing power worldwide in the long term. The Bitcoin thus secures its own success, its existence and a sustained rise in prices through a fair and transparent distribution of computing power.

Long-term returns instead of speculative Bitcoin revolution

Preparation that is geared to these scenarios in the long term can accordingly lead to a considerable Bitcoin revolution. He continues about the Bitcoin revolution: “Every miner and every cloud mining company is enormously important for the success and existence of Bitcoin. Some crypto mentors and supposed experts, who claim it is wiser to buy Bitcoin than to mine it, have not understood the principle of crypto currencies. It is a selfish and short-term way of thinking which is counterproductive for crypto currencies.

Based on a thorough analysis of the available facts, 7Cloud Mining AG has been able to make a clear positive forecast for 2018. In addition, mining has potentiating advantages, e.g. by timing the right time for buying or selling activities. In this case, cloud mining users benefit from the possibilities offered by their high-performance computers. The motto is to mine as much Bitcoin as possible and ultimately own it, because many experts and 7Cloud Mining AG are convinced that prices will rise in the coming years.

Furthermore, the high-tech hardware that the customer purchases directly is always the equivalent of his investment. At 7Cloud Mining AG, mining takes place without a limited term according to the “24/7 principle”. The income can therefore be secured for years.

Seriousness is the key to choosing the right Bitcoin revolution

There are still many cloud mining providers who have unsettled mining users with incomprehensible technical terms and impermissible gag contracts. 7Cloud Mining AG makes direct contact with the Bitcoin revolution miners. Read more about it: Miners in Europe can communicate with each other in a personal way, and the fixed and low fees currently offered on the market make it possible to ensure long-term mining.

7Cloud Mining AG can offer these conditions and advantages; the respective requirements of the hardware can be fulfilled by the technically sound know-how and the competence of the employees. The opportunity to achieve profitable capital growth through the mining method has been put on a serious and solid process basis and has been stabilised and structured.

Top Bitcoin News of the Week: Blockchain Banking, Gold and Growing Interest

Bitcoin: A week under the sign of cards. Bitwala begins with its blockchain bank, TenX begins with KYC checks. We’ll explain why Bitcoin is better than gold. Top Bitcoin news of the week.

Once again a week moved into the country, in which all kinds of things happened in the world of crypto currencies and blockchain technology. For all of you who spent the last week behind the moon, forgot everything or just want to know what happened in the field of crypto: the BTC-ECHO-Newsflash. The most important at a glance.

Bitwala: Blockchain Banking begins the news spy

On 12 December, Bitwala gave the go-ahead for its Blockchain Bank. In cooperation with the news spy solarisBank, the FinTech company now offers crypto and traditional banking services from a single source – including crypto debit cards.

Breaking: TenX launches credit card
Number two of our article of the week goes to TenX. The crypto company around Dr. Julian Hosp gave the starting signal on the same day as Bitwala – for the start of the Know-Your-Customer checks of their customers. However, the two crypto card companies should (for the time being) not get in each other’s way. TenX initially focuses its card on Singapore and the Asian region. It will take some time before the TenX cards reach us.

5 reasons why Bitcoin secret is better than gold

Bitcoin secret: Better than gold? You can already hear Warren Buffett and his friends snorting angrily through their permabar nostrils. But we don’t really care. Because here are 5 reasons why Bitcoin secret is better than gold.

Bitcoin falls? Interest is rising – a silver lining on the horizon
Apropos Perma: The crypto market and the flourishing industry around it are probably quite indifferent to the current frosty weather on the Bitcoin market. Blockchain developers are in demand like never before, the Google search volume for Bitcoin & Co. is constantly increasing. In short: Interest in Bitcoin is rising – despite falling prices.

Gemini: Exchange opts for Bitcoin ABC (BCH)
The Winklevoss brothers don’t seem to mind the current prices either – especially with regard to Bitcoin Cash. The crypto currency, which should now be called Bitcoin ABC but which somehow remains the old one, is listed on the Gemini stock exchange of twins for the time being. However, they’re not quite sure about “Vision Satoshi” yet.

The situation on Wednesday: Bitcoin à la carte
Our middle of the week was also dominated by the cards: Bitcoin à la carte was a hot topic last week. Why was that so? Read it yourself.

Bitcoin mining: Up to 800,000 devices switched off

Between 600,000 and 800,000 Bitcoin Miners have been temporarily shut down since the beginning of the price turbulence in November. What sounds like a Bitcoin exodus is the natural reaction to falling prices and rising electricity costs.

For the Bitcoin secret miners who remain on the market, the lower hash rate also means decreasing competitive pressure

We already reported on the Bitcoin secret difficulties of the mining industry to operate profitably in these stormy times on 22 November: The vague term “difficulties” now seems to be taking on concrete form. According to F2pool founder Mao Shixing in an interview with CoinDesk, an estimated 600,000 to 800,000 miners have been taken off the grid since mid-November.

As a result, the hash rate, which rose steadily until the beginning of November despite the bear market, has shown a downward trend in the course of the crash of the last two weeks. This is shown by the data from

Judging by the chart, the hash rate has fallen from its 30-day high on 4th November from around 54 million terahashs per second (TH/s) to 41 million TH/s on 24th November. This represents a loss of about 15 percent of the hash rate in just 20 days.

According to Mao, the loss of hashing power in the network is primarily due to the fact that a large number of miners can no longer operate profitably and are therefore forced to take their devices off the grid. This is especially true for Bitcoin miners that still rely on older and therefore less efficient ASIC miners such as the Bitmain Antminer T9+. According to the report, these provide only a hashing power of 10 TH/second. Too little to operate profitably on the market in view of the price turbulence.

Mining Pool F2pool alone has broken away more than ten percent of the miners in recent weeks. Although the exact figure is difficult to estimate, according to Mao the mining pool would have seen “tens of thousands of miners shut down” after talks with individual mining farms.

Various cryptosoft factors responsible

However, the cryptosoft crash cannot be identified as the sole cause. There is also the increase in electricity costs: Due to water shortages, these tend to be higher in winter than in summer. In the summer, Miner calculate the equivalent of 0.029 US dollars per kilowatt hour (KWh) of electricity, while the price per KWh can rise to 0.043 US dollars per KWh in the cold months.

Mao emphasizes, however, that Bitcoin mining is a dynamic process. Switching off the equipment is often a temporary reaction to the market situation. Should prices rise again, the break-even point could be attainable again for a large number of competitors. Then, according to Mao, the hash rate will rise again.

Difficulty also on the downswing
For those who have been around a bit longer, the direct connection between hash rate and difficulty is intuitively clear. For all others it should be pointed out that a lower hash rate also results in a decreasing difficulty. The difficulty is the dynamic indicator for the “difficulty”, i.e. the amount of computing power that the miners have to muster in order to propagate a new block.

Infinitus has found the solution to the biggest problem of crypto currencies

Infinitus has become immersed in a core problem that has long plagued the crypto community and found an amazing way to protect countless users from losing valuable data. With the INF token, Infinitus has created a smart data archive in which confidential information can be securely stored and retrieved.

A common criticism of the Bitcoin loophole

Is that there is no way to gain access to lost or forgotten private keys without control authorities such as banks: There are many notorious stories of unsuspecting crypto-enthusiasts who have lost thousands and even millions of dollars in Bitcoin loophole crypto assets due to poor security and unfortunate incidents.

None of these stories is more famous than that of Bitcoin pioneer James Howells of Newport, Wales, who requests permission from the local council to search a landfill after accidentally disposing of a 7,500 Bitcoin hard drive worth about $75 million.

Due to the cunning of hackers, it is more important than ever to use strict security and encryption measures to protect sensitive information such as private keys. However, this has led to an unfortunate trend where such security controls lead to data or file loss, which in turn prevents access to valuable crypto assets.

Currently, there is not a single all-in-one solution for the news spy

That solves this inherent problem in an easy-to-understand way by onlinebetrug that can be applied by almost anyone. Infinitus has not only solved this inherent problem in a revolutionary creative way, but has also created the solution to a host of other problems that have the potential to make the news spy use of crypto currencies more difficult for users.

Infinitus has developed INF Token, an intelligent storage system (SmartDes repository) to store digital data on the blockchain that is accessible only to a specific location (or person) and by a user-defined event. If sensitive data is lost, the smart contract is then executed and the INF token collects the data and sends it to the specified location.

For example, a new user who has invested in Bitcoin would like to create additional protection for their private keys.
He uses the standard soft and hard copy backups and also uses an INF token to store his private keys in the SmartDes repository. He downloads the INF app from the Apple App Store or the Google Play Store. He then sets the retrieval trigger to 90 days inactive and specifies his wife as the recipient.
In the event that he loses access to the soft and hard copy of his private key, he will log out of the INF-Mobile app for 90 days and automatically activate the INF-Smart-Contract, retrieve his keys and send them to his wife.

The data stored in the repository is fragmented, encrypted, replicated and distributed to all peer-to-peer nodes in the distributed network. INF tokens are used to store any alphanumeric data such as passwords, wallet files, private keys, JSON files, UTC files, keystore files, memory phrases, recovery seeds, and even short text messages.

This means that by using INF tokens, you can provide sensitive information with an additional protection mechanism that only you can access if that information is lost.

The core team consists of 10 members. It is led by Xanne Leo, a business consultant with proven success in the start-up scene, and Eric Song, a former stock and futures trader with portfolio management experience in a billion hedge fund.

Other core members are Dr. Ting Shang Ping with more than a decade of experience in financial technology and AI and Ronald Aai, a blockchain veteran who has proven his ability to lead new ideas to entrepreneurial success.

Infinitus counts the last days until the launch of the ICO, where the public can access INF tokens for the first time. The Infinitus Tech team also recently announced that the INF-MVP is available for Android users in the GooglePlay Store. Now they’re working on making the INF Wallet app available, with the release of the iOS version in the fourth quarter of this year, for receiving rewards in the form of

U.S. agency plans to sell seized Bitcoin

The United States Marshals Service (USMS) announces the sale of almost 660 Bitcoin (BTC). In total, BTC with a total value of over 4.25 million US dollars will go under the hammer. The auction is scheduled to take place on November 5.

Bitcoin of the cryptosoft

According to the USMS, Bitcoin with a value of 4.25 million US dollars is up for sale. According to the cryptosoft, interested parties will be able to register between 22 and 29 October and place their bid after paying a deposit. If a bid is accepted, the deposit will be deducted from the cryptosoft bid and retained. Those who are left empty will receive their deposit of US$200,000 fully refunded. The message reads as follows:

“The winning bidder’s deposit will be retained by the USMS and credited to the purchase price. The deposit from a bidder whose bid was not selected as a winning bid will be returned to the original account from which the deposit was received.

The USMS plans to offer said Bitcoin in two tranches. The first round consists of six blocks of 100 BTC each and round two consists of one block of 60 BTC each. The offers are based on current market prices and interested parties must loosen at least 380,000 US dollars for the purchase. It can therefore be assumed that the auction is aimed specifically at institutional investors.

Bitcoin come mainly from crypto trader

The 660 BTC offered are confiscated tokens from various criminal and civil cases in recent American legal history like this The abbreviation DEA is frequently used in the processes listed by name. This stands for “Drug Enforcement Agency”, the US anti-drug agency. This leads to the conclusion that the majority of the crypto trader confiscated BTCs originate from the Darknet trade with prohibited narcotics.

In addition, the USMS announcement states that part of the BTCs offered were owned by Thomas Mario Constanzo. In March, a US court sentenced the Bitcoin trader to 41 months’ imprisonment for money laundering activities. The district court also ordered the seizure of 81 BTC, which are now also under the hammer.

Silk road sale still unchallenged
The auction follows a whole series of sales of confiscated Bitcoin by US authorities. We reported in detail on the auction of over 3,800 Bitcoin in January of this year.

The highlight of the long tradition of Bitcoin auctions, however, was the auction of the seized Silk Road Bitcoin. In three attempts in 2014 and 2016, the authorities offered a total of over 144,000 BTC from the property of Silk Road founder Ross Ulbricht for sale. One of the customers at the time, Tim Draper, has since become a dazzling figure in the Bitcoin cosmos. The billion-dollar venture capital investor made the USMS 40,000 BTC easier at the time and continues to cause a stir with bullish price forecasts. Whether Draper would like to participate also this time in the auction, is however not known.

New banks for Bitfinex and Tether (USDT)

The criticised crypto exchange Bitfinex is relocating its banking operations to Hong Kong. The bagged “stable coin” Tether has also found a new bank in the Bahamas after the debacle over the Noble Bank.

As complaints from Bitfinex customers who could no longer make Fiat deposits increased, some saw a large-scale exit scam in progress. (False) reports of a supposed delisting of the stable coin by the Exchanges KuCoin and Binance did not help the USDT exchange rate any more than did the strengthening of the competition, for example in the form of the Gemini Dollar (GUSD).

Hong Kong and the Bahamas

Now both Tether and Bitfinex are said to have found new banks to handle their business. As The Block reports with reference to insider sources, Bitfinex is supposed to move to Hong Kong. There Bitfinex should maintain a private account with the bank PROSPERITY REVENUE MERCHANDISING LIMITED. Citibank is to act as an intermediary bank for transfers in US dollars to Bitfinex. PROSPERITY REVENUE MERCHANDISING LIMITED is owned in part by HSBC Holding. Bitfinex has not yet commented on the rumours, but an announcement by the company on October 16th has attracted attention: The Crypto Exchange has a “new, improved and increasingly robust system” for the transfer of Fiat currencies to Bitfinex.

Tether Limited, the company behind the stable coin, has also apparently transferred its banking operations from Noble Bank to the Bahamas. She has been a customer of Nassauer Deltec Bank for several weeks now. The bank is said to have already received initial enquiries from over-the-counter trading desks about the opening of accounts for USDT redemption. This is the result of insider statements made by The Block.

Tether price remains depressed

It is questionable whether the bank bill will help the image of the stable coin USDT. As long as Tether Limited does not have itself audited by every trick in the book, doubts remain as to whether the US dollar will fully cover Tether. So it is not surprising that these concerns are still reflected in the price of the stable coin. Currently, at 0.95 US dollars, the stable coin is still below the target value of one US dollar.

The recent price slump at Tether (USDT) has provided plenty of discussion material in the crypto community over the past few days. In view of the impending insolvency of Noble Bank, where the Bitfinex crypto exchange held most of its tether deposits, both Bitfinex and Tether had to look for a new partner bank. The fact that Tether and Bitfinex were customers of Noble Bank gave rise to speculation about the integrity of the crypto exchange. In addition, there were the entanglements of Bitfinex, Tether and Noble Bank, personified by Brock Peirce.