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MoonLite Blazes A Trail In Commercial Crypto Mining

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MoonLite Project

It is almost surprising that up until now, with the anticipated rise in the demand for cryptocurrencies, there has never been a similar mining strategy to meet the expected demand. And, while a few projects, notably Envion, have worked on policy set to cut on the environmental degradation that results from cryptocurrency mining, it has not been until the MoonLite Project that investors can now look forward to putting their money in a venture that is both environment-friendly and satiates industrial demand.

About the MoonLite Project

The MoonLite Project is a mega cryptocurrency mining that will start by addressing the future market demand for the four leading crypto coins; Bitcoin, Ethereum, Litecoin, and DASH. With the initial mining infrastructure based in Iceland because of the Nordic island country’s low power tariffs, the project will rely on energy generated exclusively from hydro, wind and geothermal sources. Furthermore, these data centers will enjoy this clean energy over a contractual multi-year fixed rate.

Why is the MoonLite Project Critical?

Aside from presenting a cryptocurrency mining strategy that will undoubtedly meet the future demand, the MoonLite Project has a skilled operational team that will oversee this project. The said team will work in close collaboration with an equally talented advisory board and rely on the cutting-edge emergent technologies that is a combination of custom algorithms and AI. The said technologies are set to work in synergy to ensure that the targeted output is attained to provide the best possible profitability for investors.

The optimal output expected from the initial 15,000 miners the build program highlights, and the excellent climatic conditions of Iceland that further cuts down on power consumption will conspire to ensure that investors get high returns.

In this regard, the MoonLite project hopes to be the largest cryptocurrency-mining establishment in the world. Of equal importance, however, is the unique structure for sharing proceeds from the mining operation. The MoonLite project proposes to retain a portion of the crypto it mines for both appreciation and investment and another portion that it will trade to maximize profits. This strategy provides a win-win situation for everyone; investors earn handsome ROI, the FinTech ecosystem gets to satiate its demand for crypto coins, and the world is protected for the otherwise harsh effects of large-scale mining of digital assets.

What is the Place for Investors?

The MoonLite Project has an ICO planned to begin at the end of February 2018, and this presents an excellent opportunity for people that want to put some money into clean crypto-mining processes with the hope of significant returns. However, before the ICO kicks off, the project has already availed early bird offers in the pre-sale where investors can put in cash and gain when the ICO finally begins.

Additional Value for Pre-Sale Investors

Investors that put in their money during the pre-sale period shall have other benefits such as the automatic 100%+ bonus as well as the proprietorial during the token buy-back program. In fact, after a year, the buy-back program shall be a preserve of the Pre-Swap customers.

How can Customers Make their Moves?

The MoonLite Project, through its user-friendly website and sales portal, gives users a chance to exchange up to six different cryptocurrencies for the MoonLite token. Furthermore, this sales portal accepts Visa and MasterCard, and the transaction takes less than a minute to complete.

In summation, cryptocurrency-mining will only make sense in the future is the economies of scale swap places with the exclusive use hi-tech mining paraphernalia currently in use. Embracing the novel innovations that the MoonLite Project presents is one way of hastening this transition.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Kamil Porembinski via Flickr

Bitcoin

Bitcoin Price Dumps Below $41,000 Amid Uncertainty

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Bitcoin price dumped hard on Monday, briefly slipping below $41,000, erasing gains recorded in the previous week. The premier cryptocurrency seems to have exhausted its recent rally propelled by industry vulnerabilities. At the time of writing, the world’s largest cryptocurrency was trading slightly lower at $41,385. Bitcoin’s total market cap has dipped by 2% over the past day, while the total volume of BTC tokens traded over the same period climbed by 58%.

Fundamentals

Bitcoin price has been facing retracements and a rollercoaster over the past few days after recently rocketing to a 20-month peak. On-chain data has suggested that many investors used the opportunity to take some profits, leading to a decline in the asset’s price.

Bitcoin’s price slump is mirrored in the wider crypto market, with the global crypto market cap decreasing by 1.85% over the past 24 hours to $1.55 trillion. The total crypto market volume has increased by 32% over the same period. The Crypto Fear and Greed Index has plunged from a level of extreme greed to a greed level of 70, suggesting a decline in risk appetite.

Ethereum, the largest altcoin by market capitalization, is currently trading at $2,167, down almost 3% for the day. Meme coins have been hit hard by the market slump, with Dogecoin and Shiba Inu down by more than 4% over the last day.

Last week on Thursday, cryptocurrency experts took notice of…

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Bitcoin Price is in Consolidation Mode Despite Market Optimism Post-Fed Decision

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Bitcoin price edged lower on Thursday despite optimism in wider markets on the back of the Fed’s interest rate decision. The flagship cryptocurrency has been consolidating above the critical level of $42,000 after briefly topping $44,000, its highest level in 20 months. Bitcoin was trading 0.71% lower at $42,569 at press time. BTC’s total market cap has increased by more than 3% over the last day to $832 billion, while the total volume of the asset traded over the same period jumped by 22%.

Economic Outlook

Bitcoin price has been trading sideways over the past few days, suggesting a pause in its recent rally towards $45,000. The premier cryptocurrency has decreased by 4% in the past week but remains 15.22% higher in the month to date. The digital asset has staged a significant recovery this year after a torrid 2022 in which a string of scandals, including the collapse of FTX, led to a market meltdown, undermining the credibility of the sector.

The crypto market has been buoyed by the Fed’s latest interest rate decision. The US Federal Reserve on Wednesday held its key interest rate unchanged for the third consecutive time, in line with market expectations. With the easing of the inflation rate, members of the Federal Open Market Committee (FOMC) voted to keep the benchmark overnight borrowing rate in a targeted range between 5.25%-5.5%.

Additionally, the central bank indicated that three rate…

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Bitcoin Price Blasts $44K in Spectacular Surge as Spot Bitcoin ETF Approval Looms Large

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Bitcoin price has been hovering above the $43,000 psychological level over the past two days amid anticipation about the potential approval of a spot bitcoin ETF. The flagship cryptocurrency has climbed more than 16% in the past week and nearly 170% in the year to date. Bitcoin’s total market cap has increased by nearly 5% over the past 24 hours to $858.9 billion, while the total volume of the token traded rose by 43%. The Bitcoin price was trading at $43,914 at press time.

Fundamentals

Bitcoin price has posted significant gains over the past few days, climbing to its highest level since April 2022, before the crash of a stablecoin that started a litany of company failures, pummeling crypto prices. The world’s largest cryptocurrency briefly topped the crucial level of $44,000 on Wednesday amid rising momentum despite being massively overbought.

According to analysts, with no spot bitcoin ETF approvals yet and the halving event five to six months away, the market is riding on FOMO. Capital has been flowing in the Bitcoin market amid enthusiasm that the launches of spot ETF will bring in billions of dollars of new investment into the crypto sector.

Investors have already started providing capital as seed money for ETF products. Notably, a recent report by CoinDesk showed that the world’s largest fund manager, BlackRock, received $100,000 in capital from a seed investor for its spot bitcoin exchange-traded fund…

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