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❕NEWS Foundry USA Now The Second Largest Bitcoin Mining Pool After China ban

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It is clear fact that China's crackdown on cryptocurrencies was a big opportunity to make US ahead of the game because more innovative ideas and development arround cryptocurrencies are now from US.
The recent one is the New York-based crypto-mining service provider Foundry USA has taking the first step to becoming the world's second-largest Bitcoin (BTC) mining pool after taking up a 15.42% increase share of the network.
The Digital Currency Group-owned Foundry USA is just behind the pool leader AntPool by a hash rate of just 4,000 PH/s, of course, contributing to a 17.76% network share at the time of writing.

Letother countries key into cryptocurrencies and compete favourably with US
 
As the United States moves toward major Bitcoin adoption, regulators are seeking clarity regarding new reporting requirements set by the Biden administration.
Members of the Republican Party and the Democratic Party have, on various occasions, appealed to amend crypto tax reporting reforms along with a call to redefine the word "intermediary" in crypto transactions.
 
The Us is definitely home to the most of the miners that had to shift from China and the Russia region , energy crisis was a role player there , but since this allows their economy to extract profits in the form of taxes they will welcome those miners with open arms till they are getting revenue which can be used to run their economy .
 
The Us is definitely home to the most of the miners that had to shift from China and the Russia region , energy crisis was a role player there , but since this allows their economy to extract profits in the form of taxes they will welcome those miners with open arms till they are getting revenue which can be used to run their economy .
I think when the policies isn't favourable the miners would not mind shifting to another country ,they can't continue to face the burden of mining and others in a particular country ,they would meet to set up mining projects and standard in other countries that's it
 
As the United States moves toward major Bitcoin adoption, regulators are seeking clarity regarding new reporting requirements set by the Biden administration.
Members of the Republican Party and the Democratic Party have, on various occasions, appealed to amend crypto tax reporting reforms along with a call to redefine the word "intermediary" in crypto transactions.
This is how strict regulation starts,the US government does not believe in a decentralised intermediary for the management and processing of transactions,they want something physical,something that involves people involved which is what Defi is trying to run a way from.They can invalidate decentralised intermediaries to chip in strict regulation or even open a gateway to introduce CBDCs this is what other countries are doing,turning against crypto
 
The Us is definitely home to the most of the miners that had to shift from China and the Russia region , energy crisis was a role player there , but since this allows their economy to extract profits in the form of taxes they will welcome those miners with open arms till they are getting revenue which can be used to run their economy .

I am wondering why don't countries like Turkmenistan start mining cryptocurrencies. There are many other countries that offer electricity for a really low price. Some of them are Zimbabwe, Libya, etc. Most of them are from the African continent. Maybe @vivid shadow X could throw some light on this issue as he is from Zimbabwe.
 
I am wondering why don't countries like Turkmenistan start mining cryptocurrencies. There are many other countries that offer electricity for a really low price. Some of them are Zimbabwe, Libya, etc. Most of them are from the African continent. Maybe @vivid shadow X could throw some light on this issue as he is from Zimbabwe.
The reason why some countries offering cheap electricity can't start mining cryptocurrencies is because some of these countries still have power cuts so when they can run a whole country without any outage that is when we would have reached a status worth trying bitcoin mining.Our power grid can't sustain whole nation without any power cuts,and we do have electricity imports from countries like Zambia and South Africa
 
The reason why some countries offering cheap electricity can't start mining cryptocurrencies is because some of these countries still have power cuts so when they can run a whole country without any outage that is when we would have reached a status worth trying bitcoin mining.Our power grid can't sustain whole nation without any power cuts,and we do have electricity imports from countries like Zambia and South Africa

What's quite interesting is the fact that certain countries like Turkmenistan offers free electricity to its citizens. They even offered help to Uzbekistan when they were facing problems related to electricity. I do not think that Turkmenistan is itself suffering from power outages if they supply electricity to other countries. If African countries try to manage their electricity crisis somehow, then I think that many countries in Africa will manage to become a hub of cryptocurrency miners.
 
You need to know that there is life above Crypto and if the people are happy let them be would you disturb a person to become an investor if he wants to sleep at a time , that's why you should leave some things on the choice of a person and should never force them on it for any purpose indeed .
 
You need to know that there is life above Crypto and if the people are happy let them be would you disturb a person to become an investor if he wants to sleep at a time , that's why you should leave some things on the choice of a person and should never force them on it for any purpose indeed .

Well, definitely mining cryptocurrencies could make you money while you are busy with other activities. However, management of mining farms and huge rigs is something that you must do. If you possess a large mining farm that needs attention, then you could hire any cryptocurrency enthusiast to look after the set up.
 
I don't understand that why is Crypto that important because there are people who are living happily and are spending their life in a real possible way so that is why people who hate Crypto are normal as well , and they should be appreciated for this own opinion as well .
 
I don't understand that why is Crypto that important because there are people who are living happily and are spending their life in a real possible way so that is why people who hate Crypto are normal as well , and they should be appreciated for this own opinion as well .

Cryptocurrency is indeed very important for many people as many people rely a lot on cryptocurrencies to make payments and transfer funds. Cryptocurrency is a billion dollar market and this is why many people trade in this market in order to make profits. These are some of the reasons why cryptocurrency is important.
 
Well the once trillion dollar market is under $1t and that is why it has lost 66% from its ath and it is slowly but surely getting more loss the supports can be broken simply with few statements and that's it for the Crypto we need to invest in more comprehensive markets indeed .
 
Well.. lots of the miners previously located in china has migrated to other countries that allows them to do their business. I think one of those are the United States.. some city has offered to take them in.. i think both has benefited a lot the city has gained more income tax from that
 
Well the once trillion dollar market is under $1t and that is why it has lost 66% from its ath and it is slowly but surely getting more loss the supports can be broken simply with few statements and that's it for the Crypto we need to invest in more comprehensive markets indeed .

The overall market value of the Bitcoin market was around $3 Trillion (approximately). However, when the bloodbath of coins began, Bitcoin lost more than half of its value and many important factors like unsympathetic polices surrounding cryptocurrencies and reluctance of investors was the main reasons that led to downfall of cryptocurrencies.
 
Yes , that right at the moment the market has fallen more than 63% and it is currently under a trillion , the biggest impact of this war on Tesla share which has fallen from $740 to $270 in just 2 months and also because some wrong decisions by the founder as well which tool it to downfall .
 
Yes , that right at the moment the market has fallen more than 63% and it is currently under a trillion , the biggest impact of this war on Tesla share which has fallen from $740 to $270 in just 2 months and also because some wrong decisions by the founder as well which tool it to downfall .

Losing that much value is a concerning thing. This is because when a market loses that much money, it could have a major effect on the decisions made by investors when it comes to investing money in that market in the future. I am not saying that game is over for cryptocurrencies now. However, what I am trying to say is that the market now needs new investors.
 

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