The bitcoin exchange rate fell by 7% in half an hour

[Marryan]

The cost of the first cryptocurrency again fell below $32.3 thousand. The asset has updated the price minimum since June 8.
The Dogecoin rate in this regard fell by 43% per day.

The value of bitcoin began to actively decline after negative news from China, where the authorities of Sichuan Province, a major center for the production of cryptocurrency, banned mining. The new rules primarily affected the 26 mining companies that were officially operating in the region. By June 20, they had cut off their electricity supply.


Does it mean that the crypto market is rapidly falling and will no longer be able to rise?

[Zardbeig]

What a rave. It's not the first and not the last fall of the market. For now, it's possible to earn on small coins like Crypton http://utopia-ecosystem.com as it doesn't lose much and requires zero investments for mining. What concerns more valuable coins, it's time to hold as it will fall, even more, I'm sure. Then you could invest more.

[Marryan]

Сrypton? isn't there a lot of discussion about it on Twitter right now? Users claim that the energy intensity of mining is minimal. Is this really true? Which of the hardware wears out?

[Zardbeig]

As I know, it can be mined on almost any PC without any additional supplies. All you need is an internet connection. So yes, you can mine it with zero investments. It can bump now, especially as its main alternative Chia is already crashing.

[Marryan]

Have you heard the latest news dedicated to chia? As it may be called the alternative of Crypton, it's scary to see how it loses positions and the support of miners. All those people that invested thousands of dollars on hard drives, will never reclaim their investments. So happy that I've decided to mine Crypton with 0 investments!

[Zardbeig]

And have you decided to participate in their new promo action for miners https://www.altcoinstalks.com/index.php?topic=223611.0 ? If you already mine, it would be only an additional bonus for you. As you could also get a part of the prize pool. I think we'll see many new users around Utopia p2p.

[crazy-pilot]

such a jump in the rate is associated with the high volatility of the cryptocurrency. this is what distinguishes cryptocurrency from other payment instruments

[Marryan]

And have you decided to participate in their new promo action for miners https://www.altcoinstalks.com/index.php?topic=223611.0 ? If you already mine, it would be only an additional bonus for you. As you could also get a part of the prize pool. I think we'll see many new users around Utopia p2p.

No, I haven't tried mining yet, but this promotion is a good incentive to finally test it.

[Zardbeig]

It's especially interesting as you can run up to 50 mining bots on one PC if you use LCX or Docker. It extremely rises the opportunity to mine more and more. And the prize pool of 5000$ looks impressive 🙂 We have to participate, I think.

[Marryan]

So, I hope that you will have success during this promo! As far as I remember, the prize pool in this bounty is quite large. I will not stop rejoicing at how the project is a success and enjoys growing popularity among users.

[Zardbeig]

I'm really interested in the number of active users and participants of the action. If even half of them will run by 50 mining bots on their PCs, how will increase the number of mined coins and how will it affect its rate. Won't it kill the coin?

[Marryan]

I have never thought about this, but I hope that the developers have provided for such a risk. As far as I know, this promo was not made by an outside person, so it is more extensive and reliable.

[Zardbeig]

Sure, it's hold by the developers, not by a 3rd party person. Who will decide to make such a valuable give-away just for nothing? Especially, taking in consideration the fact that Utopia p2p is a self-financed project without any outside investments. Guys are just making their app more popular and crowded.

[Marryan]

This is a good plan. The crypto community now especially needs a promising and eco-friendly project. Especially after the dramatic collapse of chia.

[Zardbeig]

Please, forget about that chia shit. There are so many better projects that are worth attention! Why do you continue promoting that stuff? Let all that sillies mine it further and wait while it will burn-out like all their SSDs and HDDs.