Bitcoin Mining Industry Fully Recovered After China Ban

Bitcoin mining has fully recovered from China’s crypto crackdown that left more than half of the world’s miners in a pinch overnight in mid-May of this year.

Recovery is measured by looking at hashrate, a term used to describe the computing power of all miners in the Bitcoin network. China has long been the epicenter of the crypto industry, with past estimates suggesting that 65% to 75% of the world’s Bitcoin mining takes place in the country.

But after the Vice Premier of China ordered the establishment of a corridor for Bitcoin mining and trading, the main cause of Bitcoin’s price drop of more than 50% from the old peak of 64,000 USD to 30,000 USD, at the same time more than 1 /2 of Bitcoin’s hashrate has dropped off the global network.

As of December 13, data from Blockchain.com shows that the Bitcoin network has fully covered these losses. The network’s hashrate is up by about 113% in five months, showing that Bitcoin has won over China as it has ever been in history.

Hashrate of the Bitcoin network. Source: Blockchain.com

The increase in hashrate could be a good predictor of the future price of Bitcoin, although BTC is currently down 30% from its ATH of $69,000 over the last month. According to Bitcoin mining engineer Brandon Arvanaghi of Meow, a company that allows corporate treasury to participate in the cryptocurrency market, China’s ban is a very clear buy signal.

However, the greatest value achieved during the whole ordeal is that Bitcoin mining has survived after Bitcoin mining became the biggest tension with China, further affirming the industry’s strong position in the market. overall field.

Interestingly, when Bitcoin crashed in late 2017 and the market entered the long-term winter, there was not much demand for BTC mining farms. But the reality shows that US operators have seen the opportunity and seized the opportunity to deploy and build a domestic mining ecosystem.

The success of BTC miners this year proves it all. Their stock returns have been incredibly performant and completely beat BTC. If the likes of MicroStrategy, Tesla, and Square are all x2 from their initial Bitcoin investment, mining giants Hut 8 Mining Corp, Bitfarms Limited and Riot Blockchain, Inc. increased by 7-8 times.

Bitcoin investments and holdings by many of the top giants. Source: Bitcoin Treasuries

However, mature capital markets and financial instruments have played an important role in the rapid growth of the Bitcoin mining industry in the US. Combined with the situation that large investment funds are gradually turning away from projects from China, the US has a great advantage to become a new mining center for miners.

The US becomes the largest Bitcoin mining center in the world

According to data from the Cambridge financial selection center, the US has overtaken China for the highest share of Bitcoin mining market share in the world.

China’s ban on Bitcoin mining and trading activities has had a huge impact on the sector, forcing miners to close mining centers or move abroad. China’s total hashrate (an indicator of mining capacity) fell to 0% in July, while in May it was 44% and in 2019 it was 75%.

Mining activity in many other countries continued to stagnate as equipment manufacturers shifted to North America and Central Asia. Meanwhile, a series of large mining companies in China have had to leave and are having difficulty moving.

As a result, the US rose to the top of the market share with a hashrate of 35.4% in August. Kazakhstan and Russia followed.

Bitcoin mining is based on high-powered computer systems and consumes a lot of electricity. Many governments still accept and even support this practice, while the Chinese authorities introduced stricter regulations on Bitcoin mining and trading last month.

Crypto miners hunt for CPU to make Bitcoin miner

After the thirst for graphics cards, miners are looking to buy CPUs to mine Raptoreum – the digital currency that has just appeared on the market.

The Raptoreum project launched on February 26, but began to grow strongly from the beginning of November. Within the past week, the price of Raptoreum has tripled from $0.21 to $0.60, ranking 3,384 in the market.

According to Bitcoin Press, Raptoreum is creating massive upheavals in the crypto world. One of the reasons is that it is designed as an ASIC resistant cryptocurrency – specialized mining machines.

The project development team believes that ASIC mining will reduce the efficiency of distribution of Bitcoin and other cryptocurrencies. Expensive ASIC systems also cause the level of cryptocurrency mining to be pushed up and miners’ profits are reduced.

Therefore, the team is going in the direction of CPU mining instead of traditional VGA or GPU. They chose the Ghostrider algorithm, which combines Cryptonite and x16r to keep the Raptoreum blockchain network untouched by expensive ASICs. In addition, the team integrated some special lines of code to increase randomness. Therefore, the Raptoreum coin is especially suitable for CPU models with large caches of L3 (temporary storage of instructions that the CPU needs to process).

Price chart of Raptoreum over the past week.

According to TechSpot, many are starting to install bulk Ryzen CPU rigs at Raptoreum mining farms. On a cryptocurrency forum, the account ElChapuzasTV shared a video of a miner using 28 Asus Prime X570P motherboards and 28 Ryzen 9 CPUs.

Meanwhile, international miners are also hunting for AMD’s Ryzen 9, Threadripper and EPYC CPUs. According to calculations, Ryzen 9 5950X can mine 205 Raptoreum per day with a profit of about 5.4 USD, while Ryzen 5900X earns 4.5 USD per day. After deducting the costs of machinery and electricity, users can pay back within half a year.

According to miners, Raptoreum is still in the early stages of the project. The competitive advantage over older blockchain platforms like Bitcoin and Ethereum is still unclear. But from the project’s white paper, this blockchain network can create a new type of mining protocol that will solve the growing thirst for graphics cards.

However, ExtremeTech predicts that when Raptoreum becomes popular, it will again sweep the CPU market the way Bitcoin devastated the hard drive market. If this project proves to be stable and superior, the CPU thirst will repeat as Bitcoin, Ehtereum pushed the graphics card market to its peak in a long time.

Bitmain S19XP Bitcoin Miner

The Bitmain S19XP model uses a 5 nm chip manufactured by TSMC, costs $ 10,500 and has a processing capacity of 140 billion hashes per second.

Antminer S19XP is the new version announced this month of the S19 series, first launched in mid-2020. S19XP claims to be 27% more powerful and 27% more energy efficient than the current flagship S19 Pro series.

Bitmain has begun accepting orders with a starting price of 10,500 USD/machine and is expected to deliver the first products to customers from the third quarter of next year.

The S19 XP on display at the WDMS event. Photo: Twitter/DenisRusinovich.

The manufacturer says that the S19XP can process 140 billion hashes per second (TH/s), compared to 110 TH/s of the S19 Pro series or 11.5 TH/s of the S9 series popular in many Bitcoin mining pools. .

Each S19XP consumes about 3,010 W, equivalent to 21.5 W per TH (W/TH), significantly lower than the S19 Pro’s 29.55 W/TH. This is thanks to the semiconductor chips manufactured using TSMC’s 5 nm process, compared to the 7 nm chips on previous S19 models.

The product’s price of 10,500 USD is equivalent to 75 USD/TH, lower than 105 USD/TH of many excavator models on the secondary market. This difference makes up for the 7-10 month waiting period from order to delivery, possibly even longer if global chip shortages and supply chain bottlenecks continue.

According to Forbes, Bitmain aims to ship 20,000 S19XP units per month. However, this number can change depending on many factors in the supply chain, or the impact of the Chinese government’s ban on mining and trading virtual currencies in the middle of the year.

Minings in North America may be the first to own such machines. When in operation, the total mining capacity of the entire Bitcoin network will increase significantly, making older machines like the S9 become obsolete and less efficient. At that time, the S9 will only bring profits in places where electricity prices are extremely cheap, while newer models will still maintain profits but at a much lower rate.

Countries look to nuclear power to mine Bitcoin

Kazakhstan is considering using nuclear power in the context of a power shortage due to the influx of Bitcoin miners from China.

President Kassym-Jomart Tokayev of Kazakhstan admitted that the country is in a severe shortage of electricity. After China banned cryptocurrency mining in May, Bitcoin miners quickly looked to other countries with cheap electricity, including Kazakhstan. Most of the major mining camps here mine Bitcoin.

According to the Cambridge Center for Alternative Finance, Kazakhstan is quickly ranking second in the world after the US in terms of total cryptocurrency mining. The hash rate increased from 8.8% in June to 18.1% now. Hash rate is a parameter that represents the computing power in cryptocurrency mining.

Fossil fuels are not enough to meet Kazakhstan’s needs. Photo: Samruk Energy

Fortune quoted President Tokayev as saying that the country had no other choice but to find nuclear energy to maintain daily operations, including cryptocurrency mining.

Since 2019, Kazakhstan has invested hundreds of millions of dollars to support cryptocurrency mining activities. The government believes that Kazakhstan’s abundant and cheap fossil fuel resources can attract miners and help increase revenue. Taxes from mining farms could contribute about $1.5 billion to government revenue over the next five years, according to an October report.

Attracting a large number of miners leaves Kazakhstan facing an energy shortage. Tokayev discussed the construction of a nuclear power plant in April 2019, but the public reaction was so intense that the plan was not implemented.

However, the power shortage came faster than expected. Since the beginning of this year, energy demand in Kazakhstan has increased by 8%, exceeding the average increase of 2% in previous years. Officials said the cause was the massive immigration of Chinese crypto miners.

Many parts of the country have been without power continuously since July. In mid-October, two large power plants in the northern region of Pavlodar had to stop working urgently due to overload. Kazakhstan’s Energy Ministry said it would have to import electricity from Russia to get through the cold winter.

According to Fortune, cryptocurrency miners are also gradually moving locations because of power shortages. On November 24, the company Xive announced to move a mining farm out of southern Kazakhstan.

Currently, Kazakhstan is still open to cryptocurrency mining. The government believes that illegal mining is the root of the energy shortage. They estimate illegal farms can consume twice as much electricity as properly registered farms. Therefore, instead of banning, the government of this country is looking to expand the scale of operations of places where many miners are concentrated.

The fate of millions of Bitcoin miners in China

Millions of Bitcoin miners from China have traveled to other countries including many in the US, Kazakhstan, Russia and Canada, following the mid-year ban.

According to the Financial Times, the 14 largest cryptocurrency miners in the world have moved more than 2 million Bitcoin miners out of China following a crackdown by the Chinese government in May.

In fact, investors have started moving Bitcoin mining machines since March 2020. But by the time the ban was announced, there were still more than 20,000 machines left here. This is just the number of statistics at Bit Digital.

Bit Digital hired an international logistics company to move tens of thousands of Bitcoin miners elsewhere, but there are still a shipment of 1,000 waiting to be shipped to New York and 372 are left behind because they have expired.

The places that benefit the most

In the midst of panic as China cracked down on cryptocurrency mining operations, many companies in this field received offers to buy back Bitcoin miners.

According to mining company Luxor, the ban from China triggered the liquidation of Bitcoin miners at a very cheap price. For instance, the Bitmain Antminer S19, one of the popular models, dropped 41.7% in price in the May-July period.

Bitman, today’s leading mining machine manufacturer, sold 30,000 S19 models to Marathon Digital Holdings – a company based in Las Vegas – in August. Similar machines were also supplied to Terauulf in Maryland. However, the company is currently limiting the number of units sold because of concerns that their prices will continue to fall.

Besides North America, Kazakhstan is also becoming an attractive destination. Financial Times data shows that the majority of miners shipped to the Central Asian country are from Chinese company Bitfufu, with 80,000 machines arriving at farms in Kazakhstan in August.

Russia is the place that attracts the most miners after China’s ban. Source: Financial Times

However, the place that benefits the most is Russia when it attracts 205,000 mining machines from China. In which, BitRiver alone received 200,000 machines, shipped in lots, the rest belonged to Bit Cluster in Moscow.

Jaran Mellerud, an analyst at research firm Arcane Crypto, said that there are currently less than 700,000 miners in China that have not yet been activated. They are likely being stored or discarded as many of them are of an older generation, which would make long-distance transportation less efficient in terms of cost.

Old Bitcoin miner – opportunity for small countries

According to experts, the old machine’s fate will follow two paths: being discarded or scattered to less noticeable mining locations. South America, especially Venezuela or Paraguay, becomes an ideal destination because of low electricity prices.

Juan Jose Pinto, co-founder of Doctor Miner, a Venezuelan mining company, said the Chinese limits are a great opportunity to buy a machine at a good price. So far, there are three major companies in China contacted to provide about 7,000 machines. If we had the resources, we would continue to buy and hoard more, Pinto said.

According to him, Venezuela currently has relatively cheap electricity and Doctor Miner only has to pay $ 0.01 per kWh. This is an opportunity for the old, power-hungry Bitcoin miner to have a chance to be used.

Besides, because old machines often fail, the company tries to make use of working components to assemble new machines. Usable components will be combined with each other in the hope of creating a coin miner.

Digital Assets, a company based in Paraguay, is also set to receive 15,500 miners in the coming months. However, these companies are facing competition from some people who are also starting to buy machines and mine independently.

In the context of the economy going down, cryptocurrencies are a way for people to earn extra income. Getting $100 a month also makes a big difference to them.

What will happen when all 21 million BTC are mined

Like gold, Bitcoin cannot simply be created arbitrarily. Gold must be extracted from gold mines on Earth. Bitcoins must be mined through highly configurable machines. The Bitcoin mining algorithm and process was created and predefined by the founder. Like gold, bitcoin has a finite supply.

In fact, only a total of 21 million Bitcoins can be mined. Once miners have unlocked this many bitcoins, the supply of the Bitcoin network will essentially be exhausted, unless bitcoin’s protocol is changed to allow for a larger increase in supply. Bitcoin advocates say that, like gold, a fixed supply of the currency means that banks are vetted and not allowed to arbitrarily issue fiduciary media. What happens when the global bitcoin supply reaches its limit? This is the subject of much debate among followers and fans of all things crypto.

Currently, about 18 million bitcoins have been mined, less than 3 million more waiting to be mined. To better understand what will happen to these remaining bitcoins and when and how the network will mine its final tokens, we will need to explore some details of the mining process itself. waterfall.

Bitcoin Mining Rewards

With the first 18 million bitcoins mined in just a decade since the bitcoin network launched, and only 3 million more to go, it seems like we are in the final stages of bitcoin mining. This is true, but only in a certain sense. While it is true that the majority of bitcoin has been mined, the timeline is more complicated than that.

After each Bitcoin Halving, the BTC reward for miners will be reduced by half. When bitcoin first launched, the reward was 50 BTC. A few years later, in 2012, it halved to 25 BTC. In 2016 it halved to 12.5 BTC. Miners now receive this reward when they succeed in their efforts.

When will you run out of Bitcoins?

Around 2020, the reward will be halved to 6.25 BTC. It will continue to halve every four years or so until the last bitcoin is mined. This means that the rewards for miners are getting smaller and smaller over time and also taking longer to reach the final bitcoin than it has been so far.

In fact, the last bitcoin is unlikely to be mined until around 2140, unless the bitcoin network protocol is changed sometime between now and then.

Thus, by 2140, the supply of Bitcoin will be almost exhausted. In fact, Bitcoin will never really be mined. Because the reward will continue to be divided gradually over time. You just try to take the current 12.5 BTC and halve it in a row to see if it ever reaches absolute zero? The number of BTC that has not been mined is only asymptote to zero, never zero.

Impact on Bitcoin Miners

It seems likely that the group of individuals most directly affected by the cap of the bitcoin supply will be the bitcoin miners themselves. On the one hand, there are detractors of the protocol who say that miners will be forced out of the block rewards they receive for their work once the bitcoin supply has reached 21 million in circulation.

Without the incentive provided by a bitcoin prize at the end of a rigorous and expensive mining process, miners may not be motivated to continue supporting the network. This will have catastrophic effects on bitcoin. Because mining is not only a process by which new tokens are introduced into the ecosystem, but first and foremost the way in which the decentralized blockchain is supported and maintained in the absence of a central bank or authority. The only other thing, if miners give up their networks will potentially move towards centralization or collapse altogether.

Even if bitcoin is eventually produced, miners will likely continue to actively participate and compete for and confirm new transactions. The reason is that every bitcoin transaction has a small transaction fee attached to it. These fees, while today represent several hundred dollars per block, can potentially add up to thousands of dollars or more per block as the number of transactions on the blockchain increases and as the price of bitcoin rises. Ultimately, it will act like a closed economy, where transaction fees are assessed like taxes.

However, it is worth noting that it will be more than 100 years before the bitcoin network mines its final token. In fact, when the year 2140, miners will spend years getting rewards that are actually only a tiny fraction of the final bitcoins mined. A significant reduction in reward size could mean that the mining process will change radically before the 2140 deadline.

It is also important to note that the bitcoin network is likely to change dramatically between now and then. Consider how much has happened to bitcoin in just a decade, hard forks, new protocols, new methods of recording and processing transactions, and any number of other factors that can affect the mining process. . Even in general, at some point before 2140 bitcoins are most likely going out of favor at all, essentially completing a whole-thought-out test of what happens after the last token is mined. waterfall.

Top 10 Coin Miners

Up to $3 billion in Bitcoin is expected to be divided among bitcoin miners in the next year. If you are planning to invest in a Coin miner, then the top 10 miners below cannot be ignored.

Before talking about Bitcoin miners aka buffalo plows, let’s learn the basic terms, which will help us understand the techniques involved in Bitcoin mining. Recently Samsung announced that it will start designing chips for mining purposes. This information came out during one of the conferences in China, and it proves that the competition is going to be tough.

Hash Rate means the number of complex computations that the hardware can complete in one second. The Hash Rate increases the chances of solving the complex calculations necessary to earn Bitcoin as a reward. Hash rate is measured in Megahash or Gigahash or Terahash per second. The first mining hardware has a hash rate from 336 MH/s to 14,000,000 MH/s.

Given that Bitcoin mining is an investment and you have to be willing to bear a certain cost to complete the mining process efficiently, of which one of the main costs is the cost of energy. You can get approximate cost in bitcoin mining calculator by bitcoin mining contract. The more powerful the hardware, the more power you consume. Before purchasing any mining hardware, you should consider the power consumption rating in watts, this will allow you to calculate the cost of energy consumed by the unit and will help you determine the mining capacity. BTC with the aforementioned hardware.

Power consumption and hash rate numbers can help you understand how many hashes can be mined from each watt of electricity that runs through the mining hardware. Then divide the hash rate by the watt consumption of the hardware to get the calculation.

Nice Miner is a free Bitcoin miner that can be used by beginners and is popularly used by bitcoin mining pools and bitcoin mining sites. USB Bitcoin Miners, when connected to a PC with the right software, perform mining with a certain hash rate.

Top 10 Coin Miners

  1. BitMain AntMiner S5

Even if the Antminer S5 may not be as up-to-date as the other models – the S7 and S9, its functionality is exemplary. The Bitmain Antminer S5 has a power supply labeled 115 Volts, which draws about 560 Watts. Its power consumption is low, similar to those running bitcoin mining computers can accommodate Antminer S5. The device generates about 1 GH/s for every 0.51 watts consumed relative to its efficiency. S3, the efficiency of the S5 has been improved compared to its predecessor. This is one of the best Bitcoin mining hardware of 2019.

  1. BitMain AntMiner S7

Since its introduction in 2015, BitMain AntMiner S7 has become one of the most popular Bitcoin mining hardware because of its lower energy consumption factor. The recommended power supply unit for using the S7 is 1600 watts APW3, one of the best available on the market, designed specifically for Bitcoin mining. The effectiveness of AntMiner S7 depends on the effectiveness of the ambient temperature and the power used. But, at room temperature around 25 degrees Celsius, the S7 generates about 1300 watts.

  1. BitMain AntMiner S9

Bitmain Antminer S9 is one of the best Bitcoin mining hardware available in the market. It has the highest hash rate around 14 TH/s. This high hash rate was made possible with the courtesy of 3 circuit boards totaling 189 chips. It is one of the efficient bitcoin mining software out there, where it consumes 300 watts more than the S7, twice as efficient at around 0.1 Joules per Gigahash.

  1. AntMiner T9

AntMiner T9 is another Bitcoin mining hardware that is a bit expensive compared to S9. The T9 draws about 1450 watts for about 11.5 TH/s for Batch 23 and has an efficiency of 0.125 J/GH. Going by the numbers, the S9 is better than the T9. S9 quality chips are of lower quality which leads to their stability decrease. But then T9 Miner has lower quality problem fixed.

  1. AvalonMiner 741

AvalonMiner 741 is one of the affordable Bitcoin mining hardware created by a company called Canaan. It offers a good hash rate of around 7.3 TH/s with an efficiency of 0.16 J/GH and has an air-forming cooling system that allows the 88 chips to work as a unit. It even helps keep miners running all the time.

  1. AntMiner L3 +

The AntMiner L3+ features four boards containing 288 chips, double that of its predecessor. The L3+ is an easy-to-use, power packed mining hardware with a hash rate of about 504 MH/s and use of about 800 watts and sports performance of 1.6 J/MH.

  1. BitMain AntMiner D3

AntMiner D3 is the best when it comes to Dash ASIC miners. Most of the miners are using this hardware to mine the first coin they convert into Bitcoin and make a profit in the process. The Bitmain Antminer D3 offers a hash rate of 15 GH/s and uses around 1200 Watts. It has dimensions of 320x130x190mm which can really be a good arrangement when running multiple miners at the same time.

  1. Dragonmint T16

Dragonmint T16 is the first BTC mining hardware to achieve a hash rate of 16 TH/s, making it special. It requires a 1600 W supply but only consumes 0.075J/GH compared to 0.098J/GH in Bitmain’s Antminer S9. Due to ASICBOOST algorithm, Dragonmint T16 efficiency can be increased by 20 percent. This is one of the best Bitcoin mining hardware of 2019.

  1. Pagolin Miner M3X

The Pagolin Miner M3X is not as energy efficient or efficient as its aforementioned contemporaries but a larger unit because of its embedded ASIC chips. It is the most power demanding Bitcoin mining device on the market, with withdrawal rates ranging from 1.8kw to 2kw. It appeals to people because of its high hash rate of 13 TH/s.

  1. Avalon6

Avalon6 is one of the best Bitcoin mining hardware for beginners. The setup process is quite simple and is one of the profitable ones that have been around for a long time. From the 1050W it draws, it can only output 3.5 TH/s. Unfortunately, the Avalon6 does not come with its own power supply and they can be purchased separately. The Avalon6 makes for a good unit to run in the office or at home that can cost money but serves a very selfless purpose by securing the network.

Profit of investing in Bitcoin mining

Bitcoin mining can prove to be beneficial for some individuals as the equipment is easily obtainable and flexible to different environments. They can perform a cost/benefit analysis to understand the breakeven price. There are several web-based profit calculators that help with cost benefit equation analysis. Even individuals can join a mining pool to compete with major mining hubs.

Earn Bitcoin and Ethereum by playing games

With Bitcoin (BTC) continuously setting the highest price peaks, it is possible that investors will be afraid to invest in this currency, because at this point the price of Bitcoin is too big for newbies. . We also had this thought.

Fortunately, however, investing is not the only way to get started in the field. If you want to start your trading journey without facing any risk, crypto faucets will be a suitable choice.

What are Crypto Faucets?

Crypto faucets are mobile apps or websites that reward small amounts of BTC, ETH, and other coins when you complete requested tasks. Imagine a plumbing pipe that is leaking water. Crypto faucets are similar, but instead of water, the site gradually distributes cryptocurrencies.

These conduits don’t offer much crypto but they are completely free. On these apps and websites, you get rewarded for completing simple tasks like watching product videos, completing surveys, clicking links, viewing ads, and playing games.

Play the following 6 games to get Ethereum and Bitcoin

Do you like video games and cryptocurrencies? Then you will definitely like this way of making money. We will teach you how to earn Bitcoin and Ethereum by playing games

RollerCoin

This is a virtual BTC mining simulator where you pit against your friends and get a chance to get block rewards. Basically, this game removes all the clutter from the mining operation and just challenges your skills. You need to complete quests, take on challenges and play games to build your mining empire.

Improve mining power through side quests, mini quests, and upgrades after performing actual tasks like paying electricity bills, repairing data centers, paying air conditioner bills, and more. . This site will disburse one block reward every five minutes and share to all participants based on their mining power.

Bitcoin Alien Run

Bitcoin Alien Run is a Super Mario game where you go on a journey with Daniel D’Allen and face special missions across the galaxy and receive BTC rewards for completing them.

This smartphone game is available for Android and iOS operating systems, and rewards are distributed every Tuesday.

Spark Profit

Want to challenge your judgment? Spark Profit is an interactive application for Bitcoin market prediction. Your task is to make predictions about the market like cryptocurrencies or derivatives, the better you predict, the more money you will make.

After reaching enough points in the game, you can convert them into BTC. This game is available for any browser or application running Android and iOS operating systems.

Fantasy Altcoins

Like Spark Point, Altcoin Fantasy is a simulator. However, instead of focusing on the price prediction aspect, this game is about trading digital assets in a risk-free environment. Trade virtual USD, practice trading strategies and use them in weekly and monthly contests for a chance to win BTC and other cryptocurrencies.

Altcoin Fantasy can be played on web browsers and iOS or Android devices.

Satoshi Quiz

Do you like trivia game style? Then Satoshi Quiz was born for you. This quiz program allows you to win BTC by answering questions from various categories.

To win, create an account, log in and be one of the first three correct answers. The reward for each round depends on the tiering system and each user can choose daily, weekly or monthly rewards. Payments are processed at the end of the month with a withdrawal limit as low as 11,000 satoshis.

Axie Infinity

Axie Infinity is an electronic pet universe where you can raise, trade, and participate in battles between creatures called Axies. Start by downloading the app through their website and then build Axies with Ethereum.

Earn Small Love Porions (SLP) by completing daily quests, going on adventures (PvE) and winning in arenas (PvP) to earn coins. You can then sell them on the secondary market for money. In addition, Axie will also reward players who climb up in the arena.

This is one of the most attractive games because players can earn money by playing the game hard – up to 400 USD per week. This number may be small for some countries, but it is enough to support a family in developing countries.

This blockchain game runs on the Ethereum platform. You can play Axie Infinity on iOS and Android devices.

Try it out, it’s completely free

Let’s say you’ve always been interested in the cryptocurrency market but aren’t ready to actually invest. If so, these Bitcoin and Ethereum games are the best way to help you step-by-step into the crypto space.

It can be said that this has been a great year for cryptocurrencies as Bitcoin continues to reach new valuations. However, the prospect of these coins becoming popular among the masses is still a distant future. Currently, the idea of cryptocurrency is still new to many people and blockchain games are a great way for them to learn about the field.

Free Bitcoin Mining With CryptoTab Browser

Hello friends, today I would like to introduce to you a free form of Bitcoin mining, which is Bitcoin mining with CryptoTab Browser.

So what is CryptoTab Browser? Why can it mine Bitcoins? In this article, I will learn about this browser with you.

  1. What is CryptoTab Browser?

CryptoTab is a browser with an interface based on Google’s Chrome, so when you use the CryptoTab Browser, there is no difference compared to if you are using the Chrome browser.

In addition to normal web browsing functions like browsers, it is also designed to allow users to conduct Bitcoin mining right on this browser.

  1. Hanging BTC miner on CryptoTab Browser?

This is not cloud mining like Eobot so you will have to keep your browser active if you want to mine Bitcoin.

However, this is a browser so you can combine 2 in 1: It is both mining and surfing the web, this is a great function of this browser.

Since this is a copy of Chrome, if you are currently using Chrome to browse the web, you can consider switching to CryptoTab Browser, and still earn money while browsing the web.

  1. Bitcoin Mining Instructions on CryptoTab Browser

Step 1: Download and install CryptoTab browser

You access the link below to download the browser to your device. After you access the homepage, usually the web will display French, so you go to switch to English for easier use.

Now everyone click Download to start downloading the browser to your device. After downloading, you proceed to run the installation file just downloaded.

Step 2: Start mining Bitcoin

The first thing you need to do is log into your Gmail account to start mining. If you do not log in to Gmail, the coins you mine will not be counted. You go to Sign in and proceed to log in to Gmail as usual.

After successfully logging into Gmail, now will start to mine Bitcoin. You notice in the right corner of the screen, click on the $ icon to enter the Coin mining configuration page.

After entering the mining settings. The Mining slider, you pull to OFF to stop mining and drag to the left to conduct mining, if you dig at MAX, the machine will dig at full capacity.

We encourage everyone to only mine at a medium level, because mining at MAX will be very heavy.

You can use the link below the right corner of the screen to recruit refs and enjoy referral commissions, your commission will be up to 10 levels.

  1. Withdraw coins from CryptoTab

You click on the 3 dashes in the right corner of the screen, then go to Withdraw and then continue to enter the Bitcoin wallet address to proceed with the withdrawal. Note that min withdrawal is 0.00001 BTC.

  1. Conclusion

CryptoTab Browser is a pretty cool browser for you to earn extra income for yourself by using it to mine coins.

Hope the article will be useful to you, share to help us let everyone know about this mining method. And regularly monitor the Website to update the latest ways to earn free Bitcoins.