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MoonLite Providing A Novel Cryptocurrency Mining Approach With Great Investment Opportunities

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MoonLite

Over the last half a decade, cryptocurrency mining has grown by almost 50% annually with a peak rise of almost 90% year on year in 2017. Such growth has spilled over to allied sectors with the computer hardware market seeing a corresponding surge. For instance, the lead computer graphics card manufacturer with a clear lead in the market saw their turnover in the third quarter of 2017 rise by almost 75% majorly due to demand from miners of Ethereum and other altcoins.

There is a projected rise in 2018, and aside from the surge in share prices of firms making mining hardware, the MoonLite Project is providing a new approach to cryptocurrency mining that benefits not just a cross-section of associated industries, but the mining ecosystem as well.

What is MoonLite and Why Does It Matter?

The MoonLite Project is a large-scale cryptocurrency mining operation with bases in Iceland. It will initially concentrate on Bitcoin and its various derivatives, Ethereum, Litecoin, and Dash. The operations will utilize 100% green energy with an emphasis on wind, hydro and geothermal-generated power. Iceland is an automatic choice for the project’s initial data center because it has a considerably lower energy tariff for industrial connections and a secure and finalized power delivery contract that promises fixed rates for several years. At just US$ 0.043 per kWh, Iceland’s energy tariffs are among the lowest in the world.

Also, the country is politically stable, and its overall climatic conditions do not necessitate intensive cooling of the cryptocurrency mining hardware, a fact that further lowers the total cost of the mining operations.

The approach by the MoonLite Project is especially revolutionizing since the industry has not witnessed efforts geared towards large-scale mining that targets the projected future demand for crypto coins. And, while the Envion Project proposes an almost similar model aimed at making the cryptocurrency mining process environmentally friendly, its parameters only address environmental effects of mining and not the scaling up production. The MoonLite Project, as such, is the first of its kind in terms of seeking to meet the estimated future demand for cryptocurrencies.

The project is not only revolutionary in its context but also in its operational structure. For instance, the project’s build program has room for 15,000 miners in its first data center, powered by an energy supply hedged on a 12-year fixed rate. Moreover, the entire project is run by a competent operational team with assistance from an equally talented board of advisors.

Investment Opportunities Available

The MoonLite Project ICO isn’t on until February 28, 2018. However, the early bird offer is already out for investors that want to participate in the pre-sale. Aside from joining the project on the ground floor, investors that choose this path shall also enjoy between 100% and 300% token bonus depending on contribution levels. Participants that take part in this Pre-Swap Phase will be prioritized during the Token Buy-Back program. In addition, they have more legroom as they can participate using either their Visa or MasterCard or their choice of up to six different cryptocurrencies.

How to Hop On Board

Investors that are looking to make the most of the project can opt in now by securing the tokens through the MoonLite Sales Portal. This portal allows interested investors to use up to seven different, convenient payment options to buy the tokens in a flawless process that lasts just under a minute.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Thomas Maluck 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

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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