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[Yusra31]

While a major portion of hashrate is no longer dedicated to the Bitcoin network, a number of alternative mining ecosystems are growing in popularity.The ASIC exodus from China has fueled a surge in demand for storage power on both Filecoin and Chia's proof-of-storage networks. Since China's restriction on bitcoin mining, space allocation on both networks has increased dramatically..

 

[Brain]

I just read about filecoin from a previous thread and I think it is doing quite well in the market. As stated in the thread there's a 24% increase by the coin which I think it great to indulge

 

[Josemendez]

Actually people have to seek for alternative when the desired is not available . Chia and file are environmental friendly and as such they should be able to generate profit for people .

 

[AudraMiller]

While a major portion of hashrate is no longer dedicated to the Bitcoin network, a number of alternative mining ecosystems are growing in popularity.The ASIC exodus from China has fueled a surge in demand for storage power on both Filecoin and Chia's proof-of-storage networks. Since China's restriction on bitcoin mining, space allocation on both networks has increased dramatically..

This is very interesting news as i would have thought that the demand for these coins and any cryptocurrency for that matter in china, will be reduced a lot since their ban and almost seize to exist in its entirety.

 

[Josemendez]

I don't think there is any cryptocurrency mining going on in China especially not after the ban on cryptocurrency related activities.

 

[Wisdom01]

I love the fact that space allocation is increasing , probably the mining consumed lot of energy that period of time and I love the fact that space allocation was really on a boost that time ,I think China have a reason for banning cryptocurrency and we all need to respect the choices they have made too

 

[Ben Kempton]

I love the fact that space allocation is increasing , probably the mining consumed lot of energy that period of time and I love the fact that space allocation was really on a boost that time ,I think China have a reason for banning cryptocurrency and we all need to respect the choices they have made too

I have noticed that the popularity of bitcoin has a lot to do with its market value. Right now market value of bitcoin is decreasing and some big companies and sites like Wikipedia are no longer accepting cryptocurrencies as their payment option when it comes to donation. Do you think that the market value of Bitcoin can play a role when it comes to popularity of bitcoin?

 

[Wisdom01]

I have noticed that the popularity of bitcoin has a lot to do with its market value. Right now market value of bitcoin is decreasing and some big companies and sites like Wikipedia are no longer accepting cryptocurrencies as their payment option when it comes to donation. Do you think that the market value of Bitcoin can play a role when it comes to popularity of bitcoin?

the market value really plays a lot in the popularity , because when institution are placing interest in it we would see more popularity and improvement in the market cap , but currently the market is on a huge dip , I hope there is a boost after all , because I actually would not like to see more fall happening