The three-month-long abundant water period is due to begin on May 25, and a “hashrate war” is about to begin. In the meantime, more than 40,000 hydroelectric dams in southwest China will see a peak in power production and the lowest price of electricity in a year — allowing miners to obtain Bitcoin at lower costs. Therefore, the success of grasping the abundant water period directly relates to the miner’s overall income of a year and survival problems. The importance of abundant water period for miners is self-evident. Mining during abundant water period isRead More

CryptoArts, a new favorite in the digital age Recently, a NFT painting of digital artist Beeple was sold for $69.34 million, setting a record price for cryptoart. Earlier, Dorsey, the CEO of twitter, transferred his first tweet as a NFT, with the price of about $2.9 million. The birth of these high-priced works of art has pushed the cryptoart into the artistic field，which has been changing people’s traditional cognition and empirical judgement of art. So what is NFT? Is NFT valuable? NFT (non-homogeneous token) is also a kind of cryptocurrency asset, which relying on the blockchainRead More