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'Application-Specific Integrated Circuit', ASIC is hardware specifically design to mine bitcoins or other cryptocurrencies.

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Australian Court Awards ASIC Interim Injunctions against Forex Capital Trading

ASIC recently secured interim injunctions against Forex Capital Trading, blocking the company from transferring any property or even client money overseas. This is the second major case of the regulator adopting a strict stance against FX companies based in the country and their business practices. Retail FX Company faces issues The Australian Securities & Investments Commission (ASIC) announced earlier today that it appeared before the Federal Court in Melbourne to protect investor interests in the Forex Capital Trading Pty Ltd. case. The Australian regulator is tightening its grip over the retail FX sector and wants to ensure that the customer funds remain secure while their investigations of the OTC derivatives issuer are underway. Forex Capital Trading operates as ForexCT on its website. The company provides foreign exchange (FX) and contracts for difference (CFD) trading through its web and mobile platforms. It claims that it is “the number one choice of margin Forex and CFD traders around the world.” The regulator, which is suspicious of its activities, is quickly ringfencing around it. On March 12 this year, the ASIC obtained ex parte interim orders from the Melbourne Court which banned the company from removing any of their assets from Australia. The company is not allowed to dispose of its property and money in their bank accounts will become inaccessible. The orders also restrict the company’s sole director Shlomi Yoshai from leaving the country. Court grants extension to ASIC On March 18 and 19, the matter was tabled at the court once again, and ASIC asked for an extension on the interim orders. The request was denied the court, but it issued orders to prevent Yoshai from leaving Australia until 5 pm, Monday, March 25. Forex Capital Trading has also been restricted from transferring any property overseas, including client money. The matter is due before the court on May 20, 2019. The ASIC took similar actions against Berndale Capital Securities in December 2018. It obtained orders from the Federal Court to freeze bank accounts of the company, its associated entities, and its ex-director Stavro D’Amore. They were prevented from selling or dealing in property without the Commission’s permission. The regulator suspected that D’Amore and Berndale might have breached client money obligations and broken several laws. Just like Forex Capital, Berndale was a retail OTC derivative issuer. In November 2018, just a month before ASIC’s actions, the company lost its Australian Financial Service license. D’Amore was also restricted from providing financial services for the next six years at the same time. The post Australian Court Awards ASIC Interim Injunctions against Forex Capital Trading appeared first on FXTimes.com - Daily Cryptocurrency and FX News.
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Did Bitmain Lose Out on Mining Profits Due to Overproduction of ASIC Mining Rigs?

As is common knowledge by now, mining giant Bitmain incurred massive financial losses all through 2018— thereby severely affecting not only the price Bitcoin but also reducing the overall clout of the mining industry. In regards to the issue, popular BTC analyst and miner, James McAvity, recently took to Twitter to show how Bitmain’s “overproduction […]
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Bitmain’s overproduction of ASIC miners led to lower mining profits, claims miner

Bitmain and other crypto companies suffered massive losses during the bear market. However, Bitmain’s effect on Bitcoin’s price, performance, and its decentralization was discovered to be more than what was previously anticipated. James McAvity, a Bitcoin enthusiast and miner, posted a series of tweets explaining how Bitmain’s overproduction of ASIC miners ultimately affected the coin’s miners. Source: Twitter | James McAvity When the Bitcoin frenzy reached its peak in 2017, so did the price. This resulted in the relentless production of Bitmain’s famed, top of the line, ASIC miners, that came to be used by most of the miners. McAvity also pointed out the increase in Bitcoin mining’s electricity usage from 2017 to 2019. The electricity usage at the start of 2017 was around ~$250,000, which later surged exponentially to $4,000,000 a day [McAvity assumed 75 watts/TH]. The graphs attached below show the same correlation, Source: Twitter | James McAvity Source: Twitter | James McAvity Bitmain controlled massive amounts of the hash rate for Bitcoin, at one point in the past. However, decisions taken by the company resulted in its dominance over Bitcoin mining weakening. According to some reports, Bitmain even sold most of their crypto holdings to survive the crypto winter that enveloped the coin market. In a subsequent thread, McAvity tweeted, “BITMAIN is the gift that keeps on giving. Not only did they (in)voluntarily give up their position as the leading mining manufacturer, fostering greater decentralization.. but they also flooded the market with ASICs, sentencing their customers to waning profitability.” As a result of the above, McAvity suggested that Bitcoins so purchased, would be from a “distressed miner” who would have to sell those BTCs to keep the mining farm alive. Most Bitcoin enthusiasts attributed the drop in BTC’s price from $6,000 to $3,000, to a reallocation of hash power by Bitmain during the hash wars. McAvity tweeted, “Look at the drop from $6400 BTC to $3300, at the time that was 10c KW/H breakeven to ~5c. Hashrate got crushed as high OPEX production got REKT. I predict we would drop to 20mm TH/s if the halving happens today, cutting network-wide miner electrical OPEX by 60%.” The post Bitmain’s overproduction of ASIC miners led to lower mining profits, claims miner appeared first on AMBCrypto.
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This article shows how to calculate mining profitability using the special formula, how much money you are going to spend for hardware depending on its type, approximate electricity costs by country and additional pool fees. Moreover, it provides the list of online calculators which will help you to estimate your expenditures.

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This guide provides an information on the details of mining hardware, the criteria and important factors which have to be paid attention to when choosing the appropriate hardware as well as its types, such as GPU, FPGA, and ASIC explained in depth.

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Everything you need to know about mining and how it works, difficulties which miner can face during the process, special hardware invented for mining as well as the explanation of the mining pool concept

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Maximine Coin Surge, eToro Adds TRON, Rakuten and Yahoo, Boss Crypto - Cryptocurrency News

Maximine coin is up more than 700% within the past 30 days. eToro also announced yesterday that they will add Tron TRX to its platform with more than 10 million registered users. Mattie will also talk about Rakuten and Yahoo continuing Mainstream Progression Towards Cryptocurrency as well as Boss Crypto, a crypto investment and education platform. ----------------------------------------------------------------------------------- Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ --------------------------------------------------------------------------------- References: BossCrypto – Crypto Investment and Education Platform https://www.altcoinbuzz.io/crypto-news/spotlight/bosscrypto-crypto-investment-and-education-platform/ Boss Crypto https://bosscrypto.co/buzz Yahoo and Rakuten Continue Mainstream Progression Towards Cryptocurrency https://coingape.com/yahoo-rakuten-progress-cryptocurrency/ Rakuten Wallet Launch Announced for March 30, 2019 https://www.ccn.com/rakuten-wallet-launch-announced-for-march-30-2019 Here’s Why Crypto Maximine Coin (MXM) Jumped 754.5% in March https://cryptoupdate.ca/heres-why-crypto-maximine-coin-mxm-jumped-754-5-in-march/ https://www.coingecko.com/en/coins/maximine https://maximine.io/ eToro adds Tron TRX to its Platform with More than 10 Million Users https://www.altcoinbuzz.io/crypto-news/product-release/etoro-adds-tron-trx-to-its-platform-with-more-than-10-million-users/ https://twitter.com/Altcoinbuzzio/status/1110447607250210817 -------------------------------------------------------------------------------- DISCLAIMER The information discussed on the Altcoin Buzz YouTube, Altcoin Buzz Ladies YouTube, Altcoin Buzz Podcast or other social media channels including but not limited to Twitter, Telegram chats, Instagram, facebook, website etc is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the writer, reviewer or narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding

In a continuous declining market, there’s one coin that stood out higher. Maximine Coin or MXM Coin broke a new record of entering into the graph of Top 40 cryptocurrencies with a spike of 30 percent over the past 24 hours. Why MXM Coin Pumped Higher? The value surge is quite surprising because the top crypto assets including Bitcoin, Ethereum, XRP, Litecoin, EOS, Bitcoin Cash, Binance Coin, and many other cryptos are on the way out. Nevertheless, the major concern comes after the spike of MXM Coin trading volume on CoinBene exchange which suspects to have wash trading activities. Despite this decline drive, Maximine Coin’s MXM token is ruling with rising volume among the top 40 cryptocurrencies. At the moment, the MXM’s average trading value counts $159,653,386 which has gained 30.11 Percent over the last 24 hours. Moreover, the coin is trading at $0.096818. Maximin Coin or MXM is presently available at a handful of crypto trading platforms including CoinBene, HitBTC, Coinbit, and Livecoin. Among these exchanges, the highest trading volume is split among CoinBene and HitBTC with pair of USDT, ETH, and BTC respectively. Is there anything Related to CoinBene’s Suspected Wash Trading? Looking closer at the coinmarketcap, the highest trading volume of MXM coin can be seen on CoinBene, the exchange which was once noticed of involving with wash trading activities as reported by Bitwise Asset Management. Reports further revealed that the volume is faked by the exchange itself that results to inflate actual numbers to catch user’s attention. Moreover, the exchange registered in Singapore and doesn’t need KYC for a user to have an account with. To note, the Bitforex exchange where MXM Coin will soon be listed is also based out in Singapore – moreover, Maximine Coin is reportedly registered in the same country. Additionally, recent reports reveal that the coin had gained mainstream concern from Bitforex, a Singapore based trading platform. The firm announced to list MXM coin on its exchange which many speculate and relate the coin’s significant performance with. Heard the news? 👂🏼 Seen the papers? 👀 If you haven't, keep your eyes glued to the screen and your ears wide open because @maximinecoin is coming to @bitforexcom ! 🍻🙌🏼 Details in link below! 👇🏼https://t.co/A8E21UuBz2 — MaxiMine (@maximinecoin) March 26, 2019 What do you think about CoinBene and its trading contribution to Maximine Coin? share your opinion with us  The post Maximine Coin [MXM] Jumps 30% Higher While Top Currencies Continued Bleeding appeared first on Coingape.
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