CES 2025: ElphaPex DG Home 1 dogecoin miner is so versatile and efficient! Gadget Flow
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Cardano Mithril upgrade will make the network faster & efficient Crypto News Flash
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Crypto-friendly congressional candidate claims that Cardano is efficient blockchain while criticizing Bitcoin
January Walker, a 33-year-old congressional candidate who represents the centrist United Utah Party, named Cardano as one of the examples of “efficient” blockchains in a recent tweet.
At the same time, she claims that Bitcoin, the world’s largest cryptocurrency that relies on the energy-intensive proof-of-work mode, is “inefficient.”
Walker positions herself as a “futuristic” and “pragmatic” candidate. Prior to venturing into politics, she worked as a product manager.
The United Utah Party aims to overcome tribalism in politics by focusing on issues that the vast majority of voters can agree on.
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On Monday, Walker faced some backlash on Twitter after tweeting that blockchains could solve the water crisis. Many users did not share her enthusiasm for the cutting-edge technology. “Utah doesn’t deserve much, but man, they deserve better than this,” one Twitter user quipped.
Walker, however, explains that it could be possible to enhance sustainability, compliance and consumption management by integrating blockchain and internet-of-things (IoT) technologies.
The third-party candidate is also convinced that blockchain may be able to eliminate the national debt three decades from now and protect users’ personal data from social media companies.
She believes that people will be able to see the utility of blockchain 10 years from now, likening it to the internet.
Walker is running for Utah’s 4th Congressional District. She will have to run against Republican Burgess Owens, who won the seat in 2020. Back then, United Utah only managed to get 2.13% of the vote, which means that it is virtually impossible for Walker to win this race.
Uniglo (GLO) Ultra-Burn Feature Sets New Standard, Way More Efficient Than Stellar (XLM) And Shiba Inu (SHIB) BurnsWhen weighing up new crypto investments, you might want to take a closer look at burn rates. Cryptos that burn more tokens arguably set the future price up for more success, as they decrease supply and increase scarcity. It’s simple economics, if demand continues while supply goes down, prices go up. Many cryptocurrencies apply burns to help do this, and stand up as deflationary measures that outclass traditional currencies.
When fiat currencies scrapped their gold standard pegs many years ago to raise instant funds, they managed to achieve more short-term money, but also meant that new money could be printed whenever necessary. Prior to that, for every dollar in circulation, an equivalent amount of gold had to be stored in reserves to back up the price. This was known as the gold standard, but it was scrapped long ago. This meant that new currency could be printed whenever necessary, raising funds for the reserve but also devaluating the price of currency already in circulation. This can lead to hyperinflation, which many argue is on its way. If you’ve noticed your dollars becoming worth less and less, or paid any attention to economic news, you’ll have seen how much of an issue inflation has become. It needs an answer, and this answer is arguably in crypto. Especially with GLO, which has a huge range of deflationary features as well as the best burn mechanics the space has ever seen.
Uniglo (GLO)
Uniglo reintroduces that gold standard peg that fiat lost long ago with the GLO vault. This is made up of a range of assets and provides full 1:1 asset-backed store of value, a peg for the price that people can have faith in.
But it’s GLO’s ultra-burn mechanics that really add to these deflationary credentials and help make it the most deflationary coin around. GLO burns tokens on every transaction, but also buys back unsold tokens to burn over time. Both these features make up the GLO dual-burn model, and continue to ensure scarcity over time. They also set GLO up for strong future price gains, and as more people hear about GLO as it comes out of pre-sale, these could be even stronger. So right now you have the chance to grab GLO at a discount during pre-sale and enjoy its ride all the way to the top.
Stellar (XLM)
Recently, the Stellar Development Foundation burned 50% of their XLM supply. This was a huge burn that managed to shore up the price and potential for the future of XLM. It’s already one of the most established coins around, and could continue to have a huge future, but it isn’t looking as strong as GLO right now.
(SHIB)
SHIB recently introduced new burns, offering users rewards for burning some of their own tokens. This was to help shore up supply after some recent dips, and arguably had a positive impact on the future potential for SHIB. It could still be a good investment thanks to that.
Conclusion
GLO has some of the best burn mechanics the space has ever seen, and should outpace the likes of XLM and SHIB as it forges its way up the altcoin charts.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter (NYSE:): https://twitter.com/GloFoundation1
Cardano (ADA) Is More Energy Efficient Than YouTube, PayPal, And NetflixCardano, a Proof-of-Stake (PoS) blockchain, has been reported to be more energy efficient than tech giants including Paypal, YouTube, and Netflix (NASDAQ:) based on its energy consumption.
is More Energy Efficient than PayPal (NASDAQ:) and Netflix
The energy consumption of blockchain projects, especially , has been a hotly debated topic. To cut down energy consumption, Cardano adopted a decentralized proof-of-stake (PoS) blockchain.
According to Cardano Daily, a Cardano community-focused Twitter (NYSE:) account, the PoS project has been more energy efficient than many leading tech firms, including Paypal, YouTube, and Netflix.
Data from the Cardano explorer shows that the network runs on 3,198 pools, which puts its estimated yearly consumption at 3.103 GWh, or 0.0031 TWh.
According to data, Netflix streaming consumed around 94 terawatt hours (TWh) in 2021. YouTube’s annual consumption was pegged at 244 TWh year, while PayPal consumed 254,700 MWh (0.25 TWh) of electricity in 2019.
Proof-of-Work (PoW) Still Not Energy Efficient
The energy efficiency of PoS is in stark contrast with POW like Bitcoin. For example, the Bitcoin network uses 131 TWh annually, more electricity than Argentina, Holland and the United Arab Emirates
With the mainnet migrating from PoW to PoS in September, the power consumption of Proof-of-Work is being debated as something that can be avoided, especially with the low consumption of PoS blockchains.
On the Flipside
- The much anticipated Cardano hard fork has been delayed multiple times as the Input Output Global (IOG) says it is one of the most complex upgrades it has undertaken to date.
Why You Should Care
By being energy efficient, PoS supports scalability, interoperability, and sustainability, while reducing the overhead and energy expenditure.
Read the latest about Cardano’s hard fork in:
Cardano’s Ecosystem Developer Says Testnet Is Now “Better Than Ever”
The energy consumption of Bitcoin has led to:
U.S. Lawmakers Look to Limit Energy Use of Crypto Mining Firms
(Pocket-lint) – Disclosure: The owners of this content may be paid to recommend cryptocurrencies. The content on this page, including any positive views of Mountenaz or Dogecoin may not be neutral or independent. This article does not constitute financial advice. You should only invest what you can afford to lose.
Big names like Dogecoin (DOGE), Ethereum (ETH), and Bitcoin (BTC) have upped the game for all the crypto newcomers. These coins are known for their efficiency, adaptability and popularity.
However, with the fast-paced development of the crypto world, some very good tokens are entering the market, making a mark and changing the whole game.
A new entrant, Mountanaz (MNAZ) could be an amazing addition to your investor’s portfolio if held for the long term.
Let’s analyse the details.
Memecoin Fan? Invest in Dogecoin (DOGE)
Dogecoin (DOGE) was created as a meme coin with a Shiba Inu dog as its logo. Soon, the “joke” token gained immense popularity and became one of the most traded coins in the market.
Created by Billy Markus and Jackson Palmer, Dogecoin (DOGE) is a peer-to-peer (P2P) digital currency. It has a star fan following, with Elon Musk leading its popularity.
Unlike Bitcoin (BTC), Dogecoin (DOGE) is abundantly mined, with 10,000 new coins mined every minute without any maximum supply.
Dogecoin (DOGE) uses Litecoin’s technology and is a proof-of-work PoW protocol. Proof of work allows for safe and decentralised consensus.
Dogecoin (DOGE) has been in the news recently for some very significant developments it has been making. Recently, the Dogecoin (DOGE) development team sent a Doge payment without using the internet via a protocol called “RadioDoge” and Starlink satellite network through radio transmission.
Mountanaz (MNAZ)
Mountanaz (MNAZ) is here to improve decentralised finance and overcome the pre-existing flaws in the decentralised financial system. Its DeFi protocol gives users seamless access to financial services and tools.
Mountanaz (MNAZ) seeks to take peer-to-peer lending to a whole other level by creating a liquidity pool where everyone can deposit their choice of cryptocurrency. This strategy is more efficient for borrowers as the existing liquidity pool reduces request time and transaction fees.
Mountanaz (MNAZ) is built on Binance Smart Chain (BSC).
BSC was chosen as it is fast, even on heavy traffic days. Not only that, but Binance Smart Chain is compatible with Ethereum Virtual Machine (EVM).
Ethereum and its variants dominate the world of DeFi. Binance Smart Chain (BSC) enables asset transfer between networks to strengthen its position in the decentralised finance industry and smooth the cross-carpeting of investors to the network.
Mountanaz (MNAZ), with the help of Binance Smart Chain (BSC), will achieve high-level security, fast transaction speed, and automated transactions.
The Mountanaz (MNAZ) lending protocol, which uses deposited and lent assets to create multiple lending pools, will improve the effectiveness and efficiency of digital asset capital.
Mountanaz’s (MNAZ) loan pool is a key structure and feature. It holds all the specific digital assets that lenders have deposited. The oracle will standardise the data needed to calculate interest for various assets in the liquidity pool, interacting with reserve assets.
Conclusion
Even though big names like Dogecoin (DOGE) and Bitcoin (BTC) have made themselves a brand, we cannot overlook the advantages of smaller protocols like Mountanaz (MNAZ). Diversification is the key. With new tokens like Mountanaz (MNAZ) coming up with the latest developments and a promise to provide superior service, one cannot avoid having them in their portfolio.
It can be said that Mountanaz (MNAZ) will be able to give tough competition to its peers. Investing early could be the key to hefty returns.
More on Mountanaz
Presale: https://purchase.mountanaz.io/register
Website: http://mountanaz.io
Telegram: https://t.me/Mountanaz_Token
Twitter: https://twitter.com/mountanaz
Instagram: https://www.instagram.com/mountanaztoken
This could be huge. Intel plans to enter the Bitcoin mining space with a cleverly marketed “ultra-low-voltage energy-efficient” ASIC chip. Considering that the chip shortage severely delayed the next generation of ASIC miners, this is tremendous. And, more importantly, it opens up the door for Bitcoin miners manufacturing in the USA. And in the rest of the Western world, even.
Related Reading | Why Did China Ban Bitcoin Mining? Here Are The Seven Leading Theories
In December, Raja Koduri hinted at Intel’s intention to get into the Bitcoin mining space. Even though he’s the chief architect and senior vice president of Intel’s architecture, graphics and software division, no one expected Intel to deliver so soon.
Intel jumping into the #Bitcoin mining ASIC manufacturing is a huge. We need way more chip fab in the USA. It will result in:
– Improved National Security
– Supply Chain robustnessAnd it will also result in less reliance on Taiwan, who is being threatened by China aggression.
— Dennis Porter (@Dennis_Porter_) January 18, 2022
Details are scarce. There’s nothing on Intel’s official site. A quick search reveals that “Access to additional search results for “bonanza” is restricted”. However, we have the 411 on the project that goes by the code name “Bonanza Mine.”
What Do We Know About Intel ’s “Bonanza Mine”?
The product will be an “ultra-low-voltage energy-efficient Bitcoin mining ASIC.” According to Tom’s Hardware, the page that broke the news, Intel will reveal their new chip at:
“The ISSCC conference is a yearly gathering of the best and brightest minds in the chip industry. This year, Intel has a presentation scheduled in the ‘Highlighted Chip Releases’ category to outline a new “Bonanza Mine” processor, a new chip described as an “ultra-low-voltage energy-efficient Bitcoin mining ASIC.”
Apparently, Intel has been developing the product since at least 2018, when they registered “a patent for a specialized processing system that uses an optimized SHA-256 datapath.”According to Tom’s Hardware, “Intel has a wealth of experience in hardware-assisted SHA-256 algorithms due to the use of these instructions in its CPU products.”
This is huge news!
More competition in the hardware mining sector is welcome
pic.twitter.com/C7I1FQJxH6
— Dan Held (@danheld) January 18, 2022
A more recent indication of the company’s intentions came when the already mentioned Intel executive Raja Koduri “appeared on popular streamer Dr. Lupo’s show.” He told him point-blank:
“Being able to do much more efficient blockchain validation at a much lower cost, much lower power, is a pretty solvable problem. And you know, we are working on that, and at some point in time, hopefully not too far into the future, we will kinda share some interesting hardware for that.”
BTC price chart for 01/18/2022 on Bitstamp | Source: BTC/USD on TradingView.com
Why Is This Development Important?
Until now, ASIC Bitcoin miners manufacturing is controlled by Bitmain and Microbt, with Canaan, Strongu, and Ebang handling a minority of the market. All of those companies are Chinese. The chips are all made in Taiwan and South Korea. This poses a centralization problem for the Bitcoin network that seemed unsolvable until Intel’s soft announcement.
Now, the open-source Bitcoin miner that Jack Dorsey’s Block is working on makes a lot more sense. Theoretically, the silicon chip is the only part of an ASIC machine that can’t be bought in a hardware store. With that problem solved, by no less than an industry leader with immense manufacturing power, the sky’s the limit. If this whole thing materializes, expect a huge leap forward in the further decentralization of Bitcoin mining.
Intel, a $220 billion industry leader, is preparing to launch ASIC hardware for bitcoin mining.
Bitcoin is a computer network. Every technology company will eventually plug themselves into it. https://t.co/pbTFiRqx0B
— Pomp
(@APompliano) January 18, 2022
Also, Intel’s announcement certainly legitimizes Bitcoin mining as a business to watch for the next 100 years. As podcaster Anthony Pompliano said, “Bitcoin is a computer network. Every technology company will eventually plug themselves into it.” With this announcement, Bitcoin not only gets Intel’s seal of approval. The giant company now has skin in the game.
Related Reading | Intel, Microsoft Took 10+ Years to See Gains, Crypto Investors in Good Position
To close this off, let’s quote Tom’s Hardware one more time:
“For now, it isn’t clear if Intel will release the Bonanza Mine chip as a product for the public or if it remains confined to a research project. However, given that the chip is in the “highlighted Chip Releases: Digital/ML” track and Koduri’s comments, it’s logical to expect that these chips will be offered to customers in the near future.”
So, everything we said is not a done deal just yet. It smells good, though.
Featured Image by Badar ul islam Majid on Unsplash | Charts by TradingView