In crypto world news, the Coinbase Stock Price has soared as Bitcoin (BTC) holds key levels, and Bitcoin Spark (BTCS) investors hype the potential for a final bonus event. Let’s explore.
Coinbase Stock price
Coinbase Global (COIN), the popular US-based cryptocurrency exchange continues to defy regulatory headwinds, showcasing remarkable resilience and growth potential. The company’s performance, marked by a mixed but improving earnings since its 2021 IPO, has seen successive double-digit EPS surprises in recent quarters. Investors are particularly intrigued by the first half of 2024, anticipating the next Bitcoin halving event. This event is poised to reduce the rate of new Bitcoin creation, resulting in a supply decrease and a potential boost in Bitcoin’s value, which could positively impact the COIN stock.
How to mine Bitcoin?
With the halving event drawing closer, many people around the world are looking at how to mine BTC. Miners play a crucial role in securing the network and are rewarded with newly created Bitcoins for their efforts. The mining process involves solving complex mathematical puzzles through a process called Proof-of-Work (PoW), with the first miner to solve the puzzle getting the opportunity to add a new block to the Bitcoin blockchain. To mine BTC, one needs specialized computer hardware known as ASIC(Application-Specific Integrated Circuit since the computational power required for mining has increased significantly over the years. Miners also need to join a mining pool, where they combine their computational resources with other miners to increase the likelihood of successfully mining a block and receiving rewards.
Bitcoin Spark investors increase hype for final bonus
Bitcoin Spark has created quite a buzz in the crypto market with its outstanding performance and visionary approach towards blockchain technology. This unique Bitcoin fork maintains the scarcity characteristic of its predecessor by having a limited supply of 21 million BTCS coins but combines this with innovative technologies geared towards sparking a new generation of crypto transactions.
The Bitcoin Spark blockchain boasts fast and cost-efficient transaction processing capabilities, with features like a low block time, massive network nodes, and a high transaction capacity per block. The blockchain will also support smart contracts and decentralized applications (Dapps). Its design will include multiple integrated layers, with a dedicated smart contract layer fitted with separate execution systems, all reaching finality on the main network. This innovative infrastructure will ensure enhanced scalability and versatility, enabling developers to use a myriad of programming languages, including Rust, Solidity, and Vyper.
Bitcoin Spark has pioneered a new mining process, one underpinned by its proprietary consensus mechanism, the Proof-of-process (PoP). This new technology will reward miners for confirming blocks and sharing the processing power of their mining devices with the network. However, the PoP’s rewards will not be linear, meaning a 2x higher hash rate will not result in 2x the rewards. The nonlinearity of the rewards, coupled with the vast network nodes, will allow those with low-powered devices to effectively mine BTCS. The Bitcoin Spark team will even launch the network mainnet with a mining application compatible with various operating systems, including macOS, Windows, iOS, and Android. The app is designed to be secure, lightweight, and user-friendly, with features like automatic adjustment of processing power used to prevent overheating, conserve battery, and accommodate simultaneous device usage needs.
Bitcoin Spark also introduces decentralized CPU and GPU rental, enabling institutions and individuals in need of additional computing power to make use of the miners’ contributed power. This ensures that electricity consumption has a valid purpose. The network’s clients will pay for the service in BTCS, and the miners will share 97% of the revenue plus the newly minted BTCS and transaction fees from confirmed blocks.
The viability, sustainability, and security of the Bitcoin Spark network have been confirmed by audits from multiple renowned auditors.
Bitcoin Spark’s Initial Coin Offering (ICO) has soared past its phases, with the final stage having BTCS at $3.75 and investors getting a 4% bonus. With more than five million dollars raised so far, it’s undeniably clear that the BTCS community has grown significantly. The Bitcoin Spark team has had multiple bonus events throughout the ICO period, and investors are increasingly discussing the potential for a final bonus event, which could see them gain immensely as BTCS is set to launch at $10.
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