Pros and Cons of Crypto Mining

By

-

April 25, 2023

Crypto mining is the process of validating transactions on a blockchain network and creating new units of cryptocurrency. It is a crucial component of decentralized finance, as it ensures the security and integrity of the ledger. Crypto mining can be done by anyone with a computer and an internet connection, but it requires a lot of computational power and electricity.

There are different types of crypto mining, such as proof-of-work (PoW), proof-of-stake (PoS), and proof-of-authority (PoA). Each one has its own advantages and disadvantages, depending on the goals and design of the network. In this blog post, we will explore some of the pros and cons of crypto mining in general, and how it affects the environment, the economy, and the society.

Pros of Crypto Mining

Crypto mining rewards miners for securing the network and verifying transactions. This creates an incentive for people to participate in the network and contribute to its growth and stability. Crypto mining enables anyone to become a part of the financial system, without relying on intermediaries or centralized authorities. This promotes financial inclusion, innovation, and democratization. Crypto mining supports the development of new technologies and applications that leverage blockchain and cryptocurrency. For example, smart contracts, decentralized applications (DApps), non-fungible tokens (NFTs), and decentralized autonomous organizations (DAOs).

Crypto mining can generate income for miners, especially if they have access to cheap and renewable energy sources. Some miners also use their earnings to invest in other crypto projects or support social causes.

Cons of Crypto Mining

Crypto mining consumes a lot of energy and resources, which can have a negative impact on the environment. According to some estimates, Bitcoin mining alone accounts for more than 0.5% of global electricity consumption and emits more carbon dioxide than some countries. Crypto mining can create market volatility and price fluctuations, as miners may sell their coins to cover their costs or take profits. This can affect the value and stability of the cryptocurrency and its network.

Crypto mining can pose security risks and challenges, as hackers may attempt to compromise the network or steal the coins. For example, in 2014, Mt. Gox, a major Bitcoin exchange, was hacked and lost 850,000 Bitcoins worth about $450 million at the time. Crypto mining can face regulatory uncertainty and opposition from governments and institutions that may view it as a threat to their authority or sovereignty. For example, in 2021, China banned crypto mining and trading activities in its territory, causing a significant drop in the global hash rate.

Conclusion

Crypto mining is a complex and controversial topic that has both positive and negative implications for the world. It is important to understand its benefits and drawbacks, as well as its potential future developments and challenges. As crypto enthusiasts, we should also strive to make crypto mining more sustainable, efficient, and accessible for everyone.

Meanwhile, one of the largest crypto exchanges is suing the US regulator.

Coinbase is suing the Securities and Exchange Commission, demanding a public answer from the regulator regarding a petition on whether it would allow the crypto industry to be regulated using existing SEC frameworks. The lawsuit is the “latest pushback the SEC has received in recent months,” says TechCrunch, as it cracks down on the industry, including on Coinbase, the largest U.S. cryptocurrency exchange. Last month, Coinbase received a Wells notice — a letter from the SEC that typically precedes the filing of federal charges. In its June 2022 petition, the company asked whether the SEC would “propose and adopt rules to govern the regulation of securities that are offered and traded via digitally native methods,” to which it never got a response.

CEO Brian Armstrong recently said that Coinbase would consider moving its headquarters outside of the U.S.due to the lack of clarity around digital assets. Tech investor and “bitcoin bull” Chamath Palihapitiya believes “crypto is dead in America,” per CNBC.

The Drogba’s Effect: Creating Value with a Service-mindset

By

Tiamiyu Ismail

-

April 25, 2023

0

Not many people are likely to describe Jose Mourinho as a man of few words, but most will definitely admit that the Portuguese born manager has undeniably paid his dues when it comes to mining talents and setting and breaking of records in the business of football, so his name should never go unmentioned in the history of the round leather game. Many also see the football strategist retiring to a pundit, giving insights and his confidence-laden opinions about events and the fates of players and teams alike.

Jose Mourinho did not build his reputation as a lenient critic; he is mostly hated for his customary acerbic remarks about people which according to many of his fans could be termed clear facts stated in candour. Jose is known to be rationally dauntless, necessarily brutish, and far from being senile. However, his letters about Didier Drogba, one of the rare talents he had groomed into stardom, replete with unfettered emotions, depicting the picture of a gaffer longing to savour once more the good old days he’d shared with his beloved kid.

Joseph Mourinho’s remarks about Diedier Drogba:

“Didier Drogba came into my life in the fifth minute of a Champions League game in Marseille’s mythical Velodrome. I’d hardly sat down when that giant with the 11 on his shirt scored. He celebrated that goal like it was his last, the crowd went mad, the noise was deafening… At half-time I found him in the tunnel and told him; I don’t have the money to buy you, but do you have any cousins that can play like you in the Ivory Coast? He laughed, hugged me and said; one day you’ll be in a club that can buy me.

“Six months later I signed for Chelsea. I had found a super powerful club that everybody wanted to negotiate with, link to, and play for. I had a number of options, but I arrived and said; I want Didier Drogba…. A few days passed and I met with Didier in a private airport in London. Again he hugged me, but this time in an unforgettable way: an embrace that showed this man’s gratitude and affection he feels towards people who mean a lot to him. Then he told me, ‘thank you. I will fight for you. You won’t regret it. I will stay loyal to you forever.’ And that’s just what he’s done…

“His loyalty came out in his leadership and in the way he always faced up to the difficult moments; moments when nothing else matters than to be there for your leader and your colleagues. This was a person I knew I could count on whenever and wherever I needed him. When the team was under pressure he would help defend; when he felt pain he would stretch himself to the limit and then, of course, came what he did best; scoring goals. These goals brought him titles and awards, but what stays with me are the countless stories we have together.”

What is special about Drogba that had made him to secure a soft spot in the heart of Mourinho? Hard work and service mindset.

Drogba has been described by many as an embodiment of hard work and service. I could remember, growing up, how I had drawn strength and hope from watching Drogba exhibit these two characteristics on the football pitch. The footballer had a significant influence on this writer’s childhood experience, and several other people have mentioned how they have also developed a passion for football because of the Drogba’s effect.

A football fan who commented on a documentary about Drogba posted on youtube stated ‘’Didier Drogba is perhaps the most underrated player of his time… Statistics junkie and per minutes lovers are less likely to rate this influential player”.

Didier Drogba was not only an influential player of his time. He was a prophet — the Jesus and the Mohammed — that successfully gained a significant number of followers to his camp. When you look for style and grace, Drogba may not be your best point of reference, for he’s not an artist or a poet on the pitch. However, if you care for meaning and relevance, he’s a force to reckon with. He was a finished engineer, so they call him the clutch player. Drogba also added many other names to his titles, some of them include; legend, the man of big games, and Arsenal’s waterloo, etc.

His story was told at the 88th minute of the 2012 UEFA champions league final. Spectators had matched in thousands to the Allianz Arena, Munich, to witness what would be the breaking of a jinx for the London blues or an extension of history for the Red Germans. No sooner had Muller’s earthly header latched the ball to the north of the blues’ goal-post than Drogba’s rebuttal header ignited a new hope for the blues. The sensational equalizer made it to the book of life on three grounds — timeliness, relevance, and hope. Then followed his westerly penalty kick that made the difference. Nuer went East and the London blues danced triumphantly to the west with the trophy in their hands.

Hailed from a rural community in Ivory Coast, West Africa, the ‘black panther’ had many odds against him and needed to go the extra mile to gain any scintilla of attention in Europe. He deliberately scattered the tables, broke the jinx, and cleared all doubts. With a resounding force, he cast his own shadow to be larger than life. He was crowned king both home and abroad leaving his adversaries with two options – to sing his praise or mock themselves.

Drogba’s life is a life of purpose that is well lived and worthy of emulation in all ramifications of life. Even in building a successful business.

First Published on LinkedIn

Near Protocol (NEAR) Surges 4.74% As Daily Users Approaches ATH, Collateral Network (COLT) Real-World Utility Leads to 40% Presale Gains

By

TI Partners

-

April 25, 2023

0

In this article, we’ll discuss the recent 4.74% surge in Near Protocol (NEAR) as it experiences a remarkable increase in daily users, approaching it’s all-time high. We will also delve into the innovative Collateral Network (COLT), which is currently in its presale phase and has already witnessed a noteworthy 40% gain as a result of its game-changing use case.

>>BUY COLT TOKENS NOW<<

Analyzing Near Protocol’s (NEAR) Growing Popularity

Near Protocol (NEAR) has recently been experiencing a surge in user activity, with daily users averaging 62,000 during the last 30 days — a 13.3% increase compared to the previous 30-day period.

This remarkable growth can be attributed to the various developments and infrastructure upgrades implemented by Near Protocol (NEAR) over the past year, such as the release of the Blockchain Operating System (BOS) — a common layer that makes it easier to navigate Web3.

These improvements have made it much easier for developers to build applications on Near Protocol (NEAR). In fact, active developers are also on the rise, with a 5% increase compared to the previous month.

This surge in user activity has led to Near Protocol (NEAR)’s price soaring 4.74% over the past 24 hours, which means that Near Protocol (NEAR) is now 71% up since the turn of the year. As more users adopt Near Protocol (NEAR) and developers continue to build applications on Near Protocol (NEAR), these gains are likely to keep increasing.

Analysts predict that the price of Near Protocol (NEAR) will continue to range under $2.80, with a breach of this resistance leading to Near Protocol (NEAR) quickly moving to the $6.00 level within weeks.

Collateral Network (COLT) Gains 40% During Presale

Collateral Network (COLT) is a blockchain-based lending platform that allows users to borrow against their physical assets. It’s the unique way that these assets are used as collateral that has led to its 40% gain during the presale phase. Cars, jewelry, fine art and even expensive bottles of wine can be used for a loan.

Collateral Network (COLT) tokenizes collateral into fractionalized NFTs that can be broken into smaller sizes and stored on the blockchain. This makes it easier for users to borrow against their physical assets, without having to deal with a bank or other financial institution.

With collateral broken into smaller pieces, different lenders can finance different parts of the collateral. This is a game-changer for the lending industry as now potential lenders aren’t locked out of the industry due to high minimum loan amounts.

Collateral Network (COLT) streamlines the process further with smart contracts that automatically execute the loan agreement, eliminating the need to wait for manual processing. Plus, with all loan information stored inside the NFT metadata, there is a transparent, auditable record of the loan agreement.

The COLT token is used as a means of exchange between all parties on Collateral Network (COLT). Plus, COLT holders receive the best borrowing rates, reduced fees, passive income staking, and more as Collateral Network (COLT) expands.

Analysts note that the unique use case of the COLT token and the fractionalization of collateral make Collateral Network (COLT) a game-changing product. If Collateral Network (COLT) can capture just a small chunk of the $800 billion peer-to-peer lending market, then its 40% gain during the presale phase will be only a fraction of what is yet to come.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Which Will Be Crowned King of 2023: Bitcoin Cash (BCH), Uwerx (WERX), or Curve (CRV)?

By

TI Partners

-

April 25, 2023

0

The crypto world seems to be shaking off the crashes of powerhouses Terra and FTX finally. The market is making a stride upward and all cryptocurrencies seem to be rising along.

Three assets, Bitcoin Cash (BCH), Uwerx (WERX), and Curve (CRV) will dominate the market this year. But out of these three, which will lead?

Will Bitcoin Cash (BCH) Be King?

The most famous fork of the original Bitcoin, Bitcoin Cash (BCH) split back in 2017 after differences arose on how to improve the original cryptocurrency. While Bitcoin Cash (BCH) itself went to another fork a few years later, it is still a popular coin amongst users. Faster and more efficient, Bitcoin Cash (BCH) is valued at $2.6 billion capitalization and $193 million worth change hands a day.

Bitcoin Cash (BCH) YTD progress has been good. Gaining 39% in January alone, moving from $97 to $135. The future also holds a good outlook for Bitcoin Cash (BCH), with technical and fundamental indicators pointing to a possible high of $250, or an 85% growth.

Uwerx (WERX)’s Possible Meteoric Rise

It is seldom that new projects can have an impact that lasts a lifetime. Uwerx has all the ingredients to do so this year.

An upcoming project that aims to disrupt the freelancing industry, Uwerx allows freelancers to earn more. Uwerx will offer a reduced fee, instant payment release, and copyrights protection where market leaders fail to do so.

While its planned services are efficient, it also intends to make the whole ecosystem secure and safe for its users. Plans include a 25-year liquidity lock after presale to protect WERX (its native token) holders. Uwerx has also achieved one of its security goals. The prestigious InterFi Network and SolidProof have both already completed code audits and declared Uwerx free from weaknesses.

All planned taxes on transactions will also be let go, along with ownership moved to users eventually.

The result is an industry-wide interest in its WERX token, with forecasts putting it at $1.5 in 2023, starting from its planned presale of $0.0075. If the prediction pans out, this is a massive 14,900% jump.

Curve (CRV) Graph on The Rise

Curve (CRV) pioneered the use of AMM to offer a stablecoin trading market. Over the years, Curve (CRV) has expanded operations and uses its token for governance purposes under its DAO. As a DeFi service, Curve (CRV) has always enjoyed growth as the crypto market expands.

With 2023 starting good, Curve (CRV) is also swelling in value. The first 30 days of 2023 have resulted in a 100%+ jump. Curve (CRV) has already grown from $0.52 to $1.08.

There are predictions of another doubling this year for Curve (CRV) as people start returning to DeFi platforms. As such, it can do a 94% jump easily, with $2.1 a possibility.

Where to Invest Then?

While Curve (CRV) and Bitcoin Cash (BCH) are well-established projects and their tokens have market worth, new projects like Uwerx are where the real profit opportunities lie.

Uwerx has some strong factors that give it a real shot at being a mainstream token this year. At the same time, the expected jump in price is something that you should keep in mind when comparing Bitcoin Cash (BCH) or Curve (CRV) in your trading and investing strategies.

Sign up now and find out more about the 25% purchase bonus.

Presale: invest.uwerx.network

Telegram: https://t.me/uwerx_network

Twitter: https://twitter.com/uwerx_network

Website: https://www.uwerx.network/

Why Sociology of C.Ronaldo?

By

Tiamiyu Ismail

-

April 25, 2023

0

Growing up as a teenager, I was always in my element when playing the soccer game. I had always wanted to become a footballer. I was a formidable central midfielder. My Coach, we called him Coach Samuel, got a lot of admiration for me due to my customary zest and show of team-spirit on the pitch. I inspired much grace and éclat on the field. Yet I didn’t have a big name I could think I modelled my style against. But I was sure I got a lot of love for Diedier Drogba and Christiano Ronaldo.

My general performance on the field of play was not only impacted by my practical trainings and motor skills; my habit of visualizing also significantly influenced my playmaking. I always had a mental construction of every game before it kick-started. My power of imagination was so high that I was practically unstoppable.

Back then, as a Blues fan, I often found it quite excruciating to watch C. Ronaldo play against Chelsea. The pair of Ronaldo and Wayne Rooney at the Red devil’s central forward was anybody’s source of fever. The Drogba’s effect at the Chelsea’s forward was largely dreaded too.

However, what is generally exciting about C. Ronaldo beyond his antics on the pitch is his traverse career trajectory. From his discovery at Sporting Lisbon FC in Portugal to his emergence at Manchester United in England and his heydays at Real Madrid FC in Spain, Ronaldo developed to be a role model and source of inspiration to millions of football fans globally. His conquest in Italy, playing for Juventus FC, and his current reign at Al nassr in Riyadh, Saudi Arabia also contributed to his peripatetic influence.

Ronaldo’s doggedness and competitive spirit which earned him five times ballond’ore winner are undoubtedly worthy of emulation. These qualities have given him a space in the world’s history. Among the other achievements of C. Ronaldo is that he is the only footballer that has scored goals at every minute in the overall ninety minutes in the soccer game. He is the first and currently the only player that has won the world best footballer from the English football league while he was in Manchester United in 2008. His soccer exploits spanned across different cultures and this has afforded him more currency than some other notable players.

It is not surprising that Ronaldo has become a major frame of reference in some institutions of learning in Europe and the Americas. In 2015, the British-Columbia University (UBC), Canada introduced a full-time semester course dedicated to the sociological analysis of C. Ronaldo. The sociology of Cristiano Ronaldo, although certainly not first of its kind, is intended to systematically explore and understand the socio-cultural influences on, and life histories of, Ronaldo and how these have impacted his motivation, psychology, thought pattern, achievements and global image.

The course is meant to expose students to the sociological relevance of the organised sport and what it takes to become a global celebrity and to also afford them of the opportunity to study Ronaldo’s impact on the Portuguese diaspora as well as his national identity.

According to Luis Aguiar, a professor of Sociology at the UBC Okanagan’s school of Arts and sciences and a leading pioneer of the Sociology of Ronaldo, ‘’sociology is nothing if not the delving into the processes of structuring identities and experiences and exposing the social forces that push these processes.’’

During an interview session with the UBC press, Professor Aguiar gave the following remarks about Cristiano Ronaldo:

‘’Ronaldo is said to embody features and characteristics of speed, strength, competitiveness, dogged work ethic, discipline and adaptability. These features are also in a sense very Portuguese since the Portuguese outside of the homeland are nothing if not constructed as hard working, disciplined and determined.

“Thus, even as a global athlete transcending geographical boundaries, Ronaldo cannot escape the stereotypical construction of the Portuguese.

‘’I don’t think there is anybody bigger in terms of media visibility. He may even be better known than someone like Obama.’’ Aguiar said.

The professor of sociology further expressed that his two greatest passions are football and critical sociology, and that a course on Cristiano Ronaldo availed him of the opportunity to combine the two endearvours. According to him;

‘’While I’m an admirer of Ronaldo, I’m also a sociologist interested in understanding the social and economic forces driving the various constructions of this athlete and what this says about our contemporary values and culture.’’

Like Professor Aguiar, my interest in C. Ronaldo has been partly informed by my real-life experience of his performance on the field and partly by my sociological conceptual apparatus. I strongly believe that how Ronaldo has risen through the ranks in his field and build influence across multiple cultures should be subjected to sociological inquiry and sociological imagination.

The Possibility of the Sociology of C. Ronaldo as an academic discipline has a tendency to inspire controversies. However, this should not be a problem since there can be sociology of everything or sociology of anything.

Though, having courses focussing only on the study of C. Ronaldo or any other significant personality in the society may be costly and seemingly unnecessary, there can be sociology of the celebrity and personalities where students can get to know more about their super stars. Programmes of this nature will enable the students to move beyond abstractions to relatable case studies capable of influencing their success.