What is the function of Antminer (Is Antminer a scam)?
What is the function of Antminer? According to official news, on May 29, 2019,
What is the function of Antminer? According to official news, on May 29, 2019, Antminer released the latest upgrade announcement in Beijing, stating that it will start a comprehensive upgrade in the third quarter of 2020. The biggest feature of the new version of Antminer is its automatic power gain and automatic mining functions. At the same time, in order to ensure the safe, stable, and efficient operation of the machine, we have introduced a new generation of mining machine S19Pro.
It is reported that 30% of the total network computing power of Antminer S19pro is provided by Bitmain, and it adopts “static” power consumption design, with an energy efficiency ratio as low as 3W/TH. It supports multi-mode operation (not limited to single unit), which can bring higher performance and improve mining efficiency for users. In addition, the new version of the bitcoin halving algorithm has incorporated ASIC chip technology, making mining simpler and faster, with a high share of computing power.
Is Antminer a scam?
Is Antminer a scam? In the currency circle, there is a saying that they attract many investors with “cloud computing power”. In fact, these speculators bought it in order to obtain high returns. However, this model is not without risks and flaws. The value of “cloud computing power” comes from price increases and investment in new products. This sentence vividly expresses the expectations of cryptocurrency investors for future digital assets: “We believe that future digital assets will become very stable.” So why does this phenomenon occur? First of all, there are a large number of false propaganda and pyramid schemes on the market currently. “There are hundreds of selling activities on Tmall platform every day.” In addition, some criminals take this opportunity to engage in fraud, money laundering, and other illegal activities. “Blockchain + supply chain finance” and “smart contracts” also have related fraud cases. Some even claim that they can bypass bank accounts and directly obtain huge profits through virtual currency transactions.
But if you regard it as a Ponzi scheme, it may become a scam, because once people discover that a business or product is suspected of illegal operation or violation of regulatory provisions, the company will be forced to shut down. Therefore, similar situations occur:
Firstly, starting from December 2017 to mid-August 2018, many media reported on the products provided by the service provider to its customers, AntPool. Secondly, since July last year, the company has established partnerships with many Internet technology companies, including Alibaba (China), Huawei (China), Xiaomi Group, etc. (Note from Planet Daily: Previously, in April 2017, the Xiaoshan District Government of Hangzhou issued the “Measures to Accelerate the High-Quality Development of E-commerce”, which clearly stated that it will encourage and support the development of online e-commerce. The “Implementation Opinions” pointed out the importance of developing online consumption, building a consumer-centric brand culture, and actively guiding the public to participate in online production and lifestyle. Thirdly, set up a sales fund to provide one-stop coupon exchange services to enterprises that meet the requirements of national policies. Fourthly, establish a national-level network security emergency response team led by the People’s Bank of China to crack down on network infringement of personal privacy issues.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/25186/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
El Salvador Grants Bitfinex its First Digital Asset Service Provider License
According to reports, El Salvador has granted Bitfinex the country\’s first digital asset service provider license. The new license was issued following a law passed by the legislat
-
a16z Announces First Batch of Optimism Foundation Representatives
On February 15, a16z announced the first batch of representatives of Optimism Foundation who voted on behalf of a16z. The list consists of seven representative…
-
Biden’s plan to strengthen supervision over large banks
On March 13, US President Joe Biden said that he was pleased that the Ministry of Finance had quickly solved the problem of banks in Silicon Valley, and would continue to pursue the responsibilities of the relevant parties that caused the chaos, and planned to continue to strengthen the supervision of large banks. Biden: Relevant parties responsible for the “chaos” of banks in Silicon Valley will be investigated, and the supervision of large banks will be strengthened Analysis based on this information:In a recent statement by US President Joe Biden, he expressed satisfaction regarding the swift actions taken by the Ministry of Finance to resolve issues with banks in Silicon Valley. However, he emphasized that this was not the end of the matter and that the relevant parties responsible for causing the chaos would be held accountable. Furthermore, he outlined his plans to strengthen the supervision of large banks in the country. The fact that Biden expressed his approval of…
-
ParaSpace Contract Issues: Understanding the Risks of Asset Extraction
On March 17th, the Web3 Knowledge Map Protocol 0xscope tweeted, saying, “The ParaSpace contract is not working properly: 1. Users can extract more APEs than they thought. 2. User debt calculation errors have led to 268 liquidations in progress.” 0xscope reminded, “Extracting your assets requires you to assume your own risk.” The contract failed before the ParaSpace protocol was suspended, allowing users to overdraw APE and causing a large number of incorrect clearing Analysis based on this information:The recent tweet by the Web3 Knowledge Map Protocol 0xscope brings attention to some serious issues related to the ParaSpace contract. According to the tweet, users may extract more APEs than they intended, and calculation errors could lead to liquidations. It is important for users to understand the risks associated with asset extraction and the need to assume their own risk. Overall, the tweet highlights the need for better monitoring and risk management strategies in the world of blockchain technology. In this context,…
-
The Rise of Bitcoin NFT Protocol Ordinals: A Look into its Increasing Popularity
According to reports, according to Dune Analytics data, the number of inscriptions cast on the Bitcoin NFT protocol Ordinals reached 151000 on April 26, setting the second highest
-
Regulating Cryptocurrencies: Perspectives of Stellar Officials on Stable Currency Regulation
According to reports, US financial regulatory agencies are strengthening their control over the cryptocurrency industry, but Stellar officials say stable currency regulation may so
-
Creating Stable Currencies: Why Coinbase’s Focus on Resisting Inflation is Vital
According to reports, Coinbase, the US cryptocurrency exchange, encourages developers working on its new blockchain to focus on creating stable currencies that resist inflation. Co
-
The Surging Trading Volume of TrueUSD (TUSD) – What’s Behind the Rise?
According to reports, CoinGecko data shows that the trading volume of TrueUSD (TUSD) stable currencies has surged within a week. During most of Thursday and Friday, the 24-hour tra
-
The Impact of Government Policy on the Banking System and the Economy
On April 16th, US Treasury Secretary Yellen stated in an interview that the policy actions taken by the US government to curb the systemic threat caused by the collapse of Silicon
-
**Russian Central Bank to Allow Controlled Experimental Use of Cryptocurrency in External Settlements: What This Means for the Crypto Industry**
On April 19th, Elvira Nabiullina, the governor of the Russian Central Bank, announced that the bank plans to allow trading companies to use cryptocurrency for external settlement i
-
USDT Dominates Stable Currency Market with Consistent Growth
According to reports, Blockworks statistics show that in the stable currency market, USDT has been steadily increasing over the past 18 months. Currently, its market share is at the highest level since July 12, 2021, reaching 56.4%, and has increased by 5.4% in the past 30 days. Data: USDT’s stable currency market share reached 56.4%, reaching an 18-month high Analysis based on this information:The stable currency market has seen significant growth in the past 18 months, with USD Tether (USDT) emerging as the top contender in the market. According to Blockworks statistics, USDT has consistently increased its market share, currently standing at 56.4%, which is the highest level since July 12, 2021. Over the past 30 days, USDT’s market share has increased by 5.4%, indicating that it is dominating the stable currency market. The stability of USDT is a significant factor in the stable currency market, where digital currencies are designed to maintain their value and avoid volatility. In many…
-
When will okcoin close (what is okcoin like)?
When will okcoin close? According to the announcement from OKEx, according to Si
-
#Ethereum Re Pledge Agreement EigenLayer Completes a $50 Million Round A Financing
According to reports, the Ethereum Re Pledge Agreement EigenLayer completed a round A financing of US $50 million, with Blockchain Capital leading the investment, and other investo
-
Wallchain Secures $2 Million Investment Led by Cypher Capital for Anti-MEV Research
On March 16th, Wallchain, an anti MEV solution provider, announced that it had received a $2 million investment led by Cypher Capital. This investment will be used to promote Wallchain’s in-depth research on Web3 to achieve revenue growth and launch new MEV solutions. Cypher Capital is a cryptocurrency investment company headquartered in the United Arab Emirates, covering venture capital, nodes, mining, and more. Wallchain, an anti MEV solution provider, received $2 million in investment Analysis based on this information:Wallchain, an anti-MEV (Maximal Extractable Value) solution provider, has recently announced that it raised $2 million in investment led by Cypher Capital. The investment will be used to fund Wallchain’s in-depth research on Web3 to achieve revenue growth and launch new MEV solutions. MEV refers to the potential profit that can be extracted from a blockchain transaction. This can be done by placing a transaction in a certain order or adding some additional information to the transaction. As a result, MEV has…
-
What Does Dogecoin Mean? (Dogecoin, Bitcoin)
What does Dogecoin mean? What does Dogecoin mean? In day-to-day social activitie
-
Transparency in Fashion: Tex.tracer and the Power of Blockchain Technology
It is reported that the blockchain fashion transparency platform, tex.tracer, announced the completion of 1.5 million euros of seed round financing, with the p…