BitDeer’s S17 plans support BTC/BCH mining and will be offered in 120-day, 180-day, 240-day, and 360-day durations. Users can now purchase the presale S17 plans on BitDeer.com.
Unveiled by Chinese mining giant Bitmain on March 29, the Antminer S17 series miners will be powered by the new and improved 2nd generation 7nm ASIC BM1397 mining chips. With an energy efficiency ratio [EER] of 39.5 J/T, the new miner model will greatly reduce mining costs and comparatively save nearly 60% in electricity costs. Chinese media reported that the first batch of Bitmain’s new miner model was sold out after it went on sale for only five minutes.
Celine Lu, Founder & CEO of BitDeer.com, said,
“Mining rigs using the SHA256 algorithm are currently the most sought-after devices for the crypto mining community, to which BitDeer.com has provided a more convenient and cost-effective option. For our new energy-efficient new plans, electricity price will only make up 39 percent of the mining costs.”
Lu made the official announcement to launch the new S17 plans during a keynote speech given at the 2019 New Age Mining Summit, a cynosure event of China’s crypto mining industry. Chinese mining leaders and professionals gathered in Chengdu, Sichuan Province of China due to the industrial confidence infused by the region’s abundance of low-cost hydroelectric power. In order to take advantage of cheap hydroelectric power costs during the summer following the excessive rains in southwestern China, the whole industry geared up to salute a bullish season.
Lu also introduced in her keynote speech that, to stand out in the competition and fully utilize the favorable weather conditions, BitDeer.com has identified its three pillars of competitive advantages: cutting edge technology, competitive pricing, as well as world-class operations and maintenance.
BitDeer.com’s proprietary real-time computing power allocation technology allows users to be connected to a designated mining pool and offers daily payouts directly to the user’s chosen wallet address. Users can monitor the mining process and rewards with BitDeer.com’s dashboard tools. BitDeer.com also developed a monitoring system and contingency plan which will immediately detect system breakdown and outage and automatically switch to backup computing power.
BitDeer’s ability to leverage global resources has endowed the leading computing power-sharing platform unparalleled bargaining power and therefore very competitive pricing. To date, BitDeer.com has teamed up with eight out of the ten largest mining pools in the world and also has forged strategic partnerships with major cryptocurrency exchanges and first-class mining facilities all over the world.
Last but not least, with the support from BitDeer.com’s world-class operations and maintenance team and facilities, the platform has been providing a transparent, reliable, and convenient computing power-sharing service to users around the world. Ever since its official launch in December 2018, the platform has been running smoothly with zero downtime.
BitDeer.com is the world’s leading computing power-sharing platform, enabling global users to mine cryptocurrencies in a transparent, reliable, and convenient way. It saves users from the complicated process of purchasing, installing, and hosting mining machines. Individual miners can enjoy the service with just one click.
Media Contact: MagicFew
WaykiChain Confirms Stablecoin: WUSD Offering Coming in Q3
Current Market Landscape
Coins like Bitcoin and Ethereum are highly volatile. On any given day, it is common to see an increase of 10% – 20% or even a decrease. That makes using most cryptocurrencies for daily transactions inconvenient. Imagine paying $5 for your soybean latte today and finding out tomorrow that it should have been $4. Price changes like that are shocking for a consumer. The adoption of stablecoins will be a catalyst to the new decentralized internet becoming mainstream.
Four Traits Necessary for an Optimal Stablecoin
An optimal stablecoin should have the following four traits: price stability, scalability, privacy and decentralization. Additional traits that will assist the wider adoption of any stablecoin are simplicity along with elegance of concept, easy integration points for partners, and ability for an decentralized exchange to work with.There are three main categories of stablecoins: Here we are going through one by one.
Defects of Mainstream Stablecoin
Likely, the most well known stablecoin is Tether. It’s been in operation for the last few years and boasts a large market capitalization of over $2.7 billion. Tether achieves it’s price stability in a very intuitive way – direct pegging 1:1 with the US dollar in theory. However, Tether does have its detractors. There has been a lot of speculation around the legitimacy of Tethers USD holdings due to the lack of transparency since they have not made public any audited reports supporting the funds they have in “reserve”.
As for the Rising Star: Maker, its stability of the system is obtained by means of smart contracts. According to the Maker model, users do not purchase Dai, rather they create it in exchange for Ethereum. Price stability is maintained by the system automatically auctioning its Ethereum to maintain the price. This coin is not backed by fiat currency, which is a criticism of many of the stable coins and seen as a positive move forward to a fully decentralized and autonomous stable coin. Another case to this, it has been proved highly complex and slow-moving.
Terra pegs their price to $1 USD, and it is also endorsed by the South Korean government. However, because the south Korean government does not allow other countries to conduct digital currency transactions in South Korea, the policy makes it impossible for global users to open bank accounts in South Korea, so no one can actually buy any cryptocurrencies from other markets to trade in South Korea.
Stable coins offer the most critical component for widespread cryptocurrency adoption – Price Stability. However, this market is still in its infancy and although there are a lot of promising projects underway, it still haven’t been done to identify a clear winner. The market is calling for a new trend.
Dark Horse Being Visible
As a low-key high performance project constructed by a programmable technology infrastructure, we are here to fight a way out, by adopting our integral ecosystem supported WaykiChain stablecoin. WaykiChain WUSD is pledged by WICC, which lower the barrier for smart contracts development, optimize the project operation and business operation. An optimal cryptocurrency should have the following four traits: price stability, scalability, privacy and decentralization. Additional traits that will assist the users out of blockchain industry ringer on an easier way to the system, that will give users the confidence in making daily transactions.
We hope the full adoption of WUSD will alleviate the worry of your purchase with the volatility of coins like Ethereum and Bitcoin. For unveiling its mysterious veil, please stay tuned.
How to access:
Bitcoin up for a long run as it re-visits an old bullish pattern
GateHub: Stolen XRP funds transferred to prominent exchanges
Bitcoin’s volatility – an indication of growth or regression?
XRP closes 48 million ledger; XRPL Labs introduces solution for users’ destination tag problem
8 crypto exchanges were shut down in 2019; how does that affect the overall crypto space?
Tron’s 24-hour DApp volume zooms ahead of both Ethereum and EOS
Bitcoin [BTC]: #DropGold campaign gets called out for being ‘Bitcoin cartel’
Tron’s [TRX] Sun Network testnet goes live as Justin Sun places bet on its ‘unlimited scaling capacity’
Ripple’s David Schwartz defends XRP against BTC’s ‘mediocre finality and censorship resistance’
Ripple’s David Schwartz breaks down how ILP and Coil will change the face of payments
Tron join hands with LATOKEN to become an IEO payment token
Bittrex follows Binance’s cue, delists over 40 altcoins from Bittrex US; sign of things to come?
Bitcoin’s ‘supply shock’ ahead, scaling progressing rapidly, says VC
Bitcoin prices would go upto $60,000 by August 2020 according to Stock-to-Flow analysis