Introduction The digital gold rush of the 21st century, cryptocurrency mining, has seen a significant upsurge in interest across Australia. With the promise of rewards in the form of digital currency, many are diving into the world of crypto mining, eager to stake their claim. But embarking on this digital venture is more complex than...Continue Reading
Introduction In the dynamic realm of digital currencies, crypto mining emerges as a significant endeavor. Yet, amidst the enthusiasts and investors in Australia, a pressing question lingers: “Is crypto mining profitable in Australia?” As the digital currency landscape is perpetually in flux, knowing the profitability of crypto mining within Australia’s diverse context necessitates an in-depth...Continue Reading
Introduction to Bitcoin Mining Australia Bitcoin mining is the heart of the Bitcoin network. It’s a process that involves validating transactions and adding them to the blockchain, Bitcoin’s public ledger. This critical role helps maintain the network’s security and introduces new bitcoins into the system. Let’s dive deeper into what Bitcoin mining Australia and learn...Continue Reading
Why is The BTC network hash rate still so High? Firstly, an increase in the BTC hash rate means more mining power is being added to the Bitcoin network. Whenever new miners join the network, the mining difficulty increases. This is due to a mechanism implemented on the Bitcoin network which ensures 1 block is...Continue Reading
How BlackRock is Shaping the Future of Blockchain with its New ETF Blackrock, an American multinational investment management corporation that is a leader in investment management, risk management and advisory services worldwide, has launched its blockchain ETF, offering its investors exposure to the cryptocurrency sector. Blackrock is the world’s largest asset manager with $10 trillion...Continue Reading
Crypto Market- Bitcoin Fundamental & Technical Report The crypto market bounced higher in the early hours this morning and is showing signs of a possible short term bottom. Volatility increased across all financial markets due to the highly anticipated FED interest rate decision, economic projections and policy statement. Risk assets surged higher post FED announcement...Continue Reading
BTC Congress gets a crash course on cryptocurrency. BTC Congress witnessed testimony from 6 major crypto CEOs over the past 24 hours, discussing the superior security and transparency of cryptocurrencies compared to the traditional financial system. The hearing, initiated by Representative Maxine Waters, the California Democrat leading the committee, aimed to deepen understanding of rapidly...Continue Reading
BTC Whales and Market Movements BTC Whales should note that there has been no real significant change in the technical structure of BTC since our last report. BTC continues to trade within the rising channel structure, offering bulls hope for a potential continuation to the upside. However, it’s crucial to stay informed about several fundamental...Continue Reading
This week we cover: When will we see Bitcoin break 20k? Ethereum going from strength to strength How Cryptocurrency can help our future? Fear, Greed & Mentality When will we see Bitcoin break 20k? This week saw Bitcoin finally break it’s all time high but also abruptly rejected near the $20,000 resistance. Let’s look at...Continue Reading
This week we cover: Ethereum 2.0 launch COVID-19 and the effects on the Cryptocurrency market Record highs across the whole market Fear, Greed & Mentality Ethereum 2.0 to be launched on 1st December The long anticipated Ethereum 2.0 has finally been announced, and will be released on 01/12/2020. The concerns following low staking contributions seem...Continue Reading
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