Altcoins Talks - Cryptocurrency Forum
Further Discussions => General Discussion => Topic started by: Marryan on June 22, 2021, 01:36:17 PM
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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?
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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.
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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?
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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.
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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!
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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.
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such a jump in the rate is associated with the high volatility of the cryptocurrency. this is what distinguishes cryptocurrency from other payment instruments
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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.
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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.
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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.
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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?
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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.
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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.
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This is a good plan. The crypto community now especially needs a promising and eco-friendly project. Especially after the dramatic collapse of chia.
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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.
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You're right. Mining chIa burned too many solid-state drives. In addition, the appearance of this coin has prompted many crypto enthusiasts to invest in it. But unfortunately, they did not receive an actual profit.
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I think I've found what can be really great, especially for those, who care about its anonymity - UUSD stablecoin (https://utopiap2p.medium.com/utopia-p2p-introduces-anonymous-usd-stablecoin-backed-by-dai-f9fc213901db) from Utopia p2p. Coin is connected to US dollar 1:1 and will hold its stability. Taking in consideration the fact that it became hard to stay anonymous with crypto, it's a good way out.
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have you seen how high bitcoin flies right now?)
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have you seen how high bitcoin flies right now?)
It's not the first and not the last rise or fall :) But anyway, it's a great news! Because I'm 100% sure no matter which coins do we support, all of us have something in BTC :) Moreover, most of the coins usually follow Bitcoin's behavior.
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By the way, I discussed this new stablecoin with my friend - he called it extremely promising. As far as I understand, he combines two strengths and this i
its advantage.
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Of course it's an advantage over other many coins as they're or stable or private and there's no coins that combine these 2 features. Moreover, it's a decentralized project, what is also unique for that type. But let's wait for its listing on some popular exchanges to see what will happen next.
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Hmm, I hope it will. And, perhaps, this will increase the level of user confidence in the project. After all, in general, the closed source of the ecosystem causes many distrust.
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I won't say that the project has no trust. The number of active Crypton nodes already reached 31K, even not all top coins have similar numbers. It means that there are lots of miners, which are in a long term process. I think it's a good index.
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Yes, at least - this is an indicator of a large number of users interested in this project. I think this is definitely a good sign=)
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I'm more interested if this will affect the price of Crypton as a result. As a great amount of coins were mined already, but it needs some additional steps in order to make the coin grow.
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As you correctly said, the value of the coin is influenced by many external factors. Therefore, we can only judge the security and reliability of the network by the number of nodes.
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I think that even more Crypton holders will appear soon as another bounty campaign started today: https://www.altcoinstalks.com/index.php?topic=234636.0 For now you can receive Cryptons for your activity on the inner Utopia forum uTalk. Very easy money.
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It looks like the developers of Utopia have prepared Christmas gifts for users!I've never seen an even simpler bounty. This is really an easy opportunity to make a profit
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Of course it will rise (it always does)
Another phase that we've seen time and time again. The traders may appreciate the cheap Bitcoin
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True. Such a depreciation is a good chance to buy Bitcoin from a much lower level and hodl. It's one thing to buy at 60k, entirely different at 40k.
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Dear do not see that the bitcoin is going low. I have very good experience in this market and I want to tell you that bitcoin is the only coin that will give you a good profit. It goes down for a short period of time but when it rise its price goes too much high.
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The bitcoin rate will always play in the market when it goes down, it is a chance to invest in it, as it will always go up and in 2022 it will be about twice the current rate, so it is worth thinking about investing!