Olya

@ossun

326 Following

86 Followers

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1/4 What is Hashrate? A hash is a fixed-length alphanumeric code used to represent a word, message, or data. Hash is a fingerprint or summary of digital data. Each crypto-asset uses different hashing algorithms to generate different types of hash codes – these algorithms generate random alphanumerics. These alphanumeric codes are numbers written in hexadecimal notation.

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2/4 When mining crypto assets, miners have to compete by using their mining engine to guess the hash output. More specifically, miners try to generate a hash that is lower than or equal to the numeric value of the target “hash” by changing a single value called a nonce. Every time the nonce changes, then a completely new hash will be created. Basically, the mining machine’s function is to guess the numbers and letters from this hash. Since each generated hash is random and impossible to predict, millions of hash guesses are required. Hashrate is a unit for measuring the speed of a computer or mining machine to perform hashing. The amount of hashing performed by this mining machine per second is what we call the hashrate.

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3/4 Why is Hashrate important? The hash rate is a critical measure of a blockchain network’s health. It measures the computational power used to mine and process transactions. A higher hash rate means a more secure network, requiring more computational power to alter the blockchain and making it more resistant to attacks. Conversely, a lower hash rate indicates less computational power for mining and processing transactions, reducing the network’s overall security. What is the relationship between hashrate and mining difficulty? The more hashing conducted by the miners, the more hashrate or the more “guesses” are generated. New blocks are expected to be discovered at a constant rate of once every 10 minutes. If the miner manages to find a new block in less than 10 minutes, the difficulty level for mining will be increased. If the miner finds a new block for more than 10 minutes then the difficulty level for mining will decrease. This is known as mining difficulty.

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4/4 Mining difficulty can also change if more machines participate in mining. The more online mining, the mining hashrate will increase, so the mining difficulty will also be increased. If there are fewer miners online, the hashrate will decrease, so mining difficulty will also decrease. Mining difficulty is set every 2,016 blocks or on average about once every 2 weeks. Mining Difficulty is also closely related to the cost of electricity and the market price of Bitcoin to pay for electricity. The more difficult it is to do hashing, the miner’s electricity cost will also be higher. With mining difficulty, the Bitcoin network will continue to run even if the number of miners decreases. And the Bitcoin network will always be safe regardless of how many miners are involved in the mining process.

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1/3 The origin story of Shiba Inu Coin 🐕 Shiba Inu $SHIB was created in August 2020 by an anonymous developer known as Ryoshi. Inspired by the success of Dogecoin and the viral Shiba Inu dog meme, Ryoshi aimed to create an 'experiment in decentralized spontaneous community building' The Shiba Inu whitepaper, humorously called the 'Woofpaper,' outlines the project's goals and tokenomics. It emphasizes community-driven development and the importance of decentralization. This quirky document has become a staple in the SHIB community

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2/3 In a surprising move, Ryoshi sent 50% of total SHIB supply to Ethereum co-founder Vitalik Buterin. While some saw this as a risky strategy, it brought massive attention to Shiba Inu. Buterin later donated a significant portion of his SHIB holdings to the India COVID19 relief fund, further boosting SHIB's visibility ShibaSwap the decentralized exchange for the Shiba Inu ecosystem, launched in July 2021. It allows users to trade SHIB, LEASH, and BONE, the three main tokens of the Shiba Inu ecosystem and participate in various DeFi activities The Shiba Inu community, affectionately known as the Shiba Army, has been a driving force behind the coin's popularity. With over 3.8 million followers on Twitter, the community's enthusiasm and support have been crucial to SHIB's success SHIB gained further momentum through endorsements from celebrities like Kai Greene and listings on major exchanges such as Binance. These events helped SHIB achieve a market cap in the billions and attract a vast number of holders

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3/3 After Ryoshi's departure, Shytoshi Kusama took over as the lead developer. Shytoshi has been instrumental in driving the project's development and maintaining its community engagement, regularly providing updates and interacting with followers on social media The Shiba Inu ecosystem includes several innovative projects, such as the Shiba Inu Incubator for creative talent and Shiboshis, a collection of 10,000 unique NFTs. These initiatives aim to foster creativity and expand the SHIB ecosystem The power of memes cannot be underestimated. Tweets from Elon Musk and other influencers have significantly impacted SHIB's price movements, demonstrating the unique intersection of internet culture and cryptocurrency

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The capitulation of #Bitcoin miners has reached levels comparable to December 2022: a drawdown of 7.6%. December 2022 marked the bottom of the cycle after the collapse of the FTX.

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Have they did something? Zero testnet is live and so is Zerion mint on Zora https://zora.co/collect/base:0x44ed3043f924aa678402f8e06cc03cd4bad05680/1?referrer=0x04Ad3f3ec23bA3ccDbAD8A211DD10b13E5b58F05 It’s just the start but if you have the heart For another testnet, could be the best yet Mint on Zora and bridge eth for a Chance for an airdrop when Zerion hits the top https://bridge.zero.network/bridge/

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We have prepared for you a list of major coin unlocks for the week of June 24 to June 30, 2024: - $ALT 6.92% ($20.03m) - June 25 - $GT 7.15% ($52.78m) - June 26 - $YGG 4.48% ($10.94m) - June 27 - $AXL 3.55% ($15.57m) - June 27 - $AGIX 0.67% ($5.44m) - June 28 - $PRIME 1.83% ($7.79m) - June 30 - $OP 2.88% ($56.41m) - June 30

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Managing my stable farming risk. 1/3 Stablecoin Exposure I track exposure ($s held) for each stablecoin across my various positions. Then these amounts are aggregated so that I can generate a column chart and easily see where I am over-exposed or where I could afford more exposure. Of course, some stablecoins are inherently more risky than others so I consider that when analyzing the allocation for various tokens.

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2/3 Protocol Exposure DEXes, auto-compounders, lending protocols, yield optimizers, etc. Some protocols are more risky than others and this needs to be accounted for as well. I do have a lot of exposure to Aerodrome right now, so an exploit there would be very bad for me. The yield has been too good to pass up. I used to have a greater concentration of funds in Aerodrome; I've since reduced my exposure. Beefy is a big one for me. Beefy is a proven pillar of defi and saves me a ton of time. I'd honestly have more invested in Beefy if they didn't charge a 10% fee for auto-compounding.

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3/3 Chain Exposure Lastly, there is some risk attached to the actual blockchain, so not a bad idea to spread out your assets a bit rather than having everything on a single chain. However, the risk here is much smaller compared to the token and protocol risks. I also like to have my assets spread out between a few of my favorite chains because that makes it easier/faster to take advantage of new interesting farming opportunities when they pop up on various chains.

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New Linea Attestation Badge on Mercle 🔹 8 Attestations 🔹 180 DeFI XP 🔹 40 Social XP https://app.mercle.xyz/exploringlinea/event

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1/6 Love Bybit - Love to be rekt We would not like to write only about provocative cases in crypto, but this is the only way to point out problems in the industry. Today we will talk about top 3 CEX exchange Bybit and their pre-market. As you know, one of the main hits of this season is Blast. Therefore, many platforms added a pre-market of their token. For example, AEVO, the pioneer of this market, opened the market back in November 2023. Since the premarket on AEVO is Perps, the platform indicated in advance that the calculation on the platform is based on the value of 1 billion Blast tokens.

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2/6 Thus, you can easily estimate the full cap and trade it. After some time, other daps and many CEXs opened the pre-market trading. Bybit stands out here as the large platform. They also decided to open the Blast market at the end of May. But there is a peculiarity: these are not Perps, but P2P of future tokens. However, there was an established Aevo pre-market with 1 billion supply, so users began to trade on Bybit based on these figures. You can look at the trading history and see that the price fully correlates with the chart on Aevo. At the same time, the volumes on Bybit were quite high.

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3/6 For example, these were the deals on Bybit: 2024-06-04 06:34:00 5,000 BLAST at 5.67 USDT = 28,350 USDT as well as many small ones in the range of 2-6$. All these 4 weeks, the price of Bybit coincided with the price of Aevo. Today it became known that most likely the supply of the Blast token will be equal to 100 billion tokens. This led to a sharp candle on the Bybit premarket and now the token price is equal to 0.04. Conservative result x0.01 for any size. Yes, rekt to -99%.

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4/6 Bybit support thoughtfully replies that we only provide a p2p exchange, take a 2% commission and are not responsible for anything else. You can write that users need to read the terms before taking action. And you will be right. However, this is a terrible precedent when such a large player opens a market where the supply is unknown. Can you imagine how you can trade a token without knowing its supply? How is this even possible? After all, the price can fluctuate hundreds or thousands of times. This is complete absurdity.

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5/6 Instead of opening a p2p premarket (not perp) after the announcement of tokenomics, exchanges are rushing for their commissions and do not care about their users. We are extremely disappointed with this policy of Bybit. They are trying to become a large player in the industry, but in fact they just want to collect commissions from you, and not create a fair market where the conditions are transparent.

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6/6 For example, when you go to the Blast premarket, you won't immediately find information about an supply until you accidentally click on a small, barely noticeable inscription with a dotted line, where a window with unknown supply will then drop down. Reminds us footnotes in bank agreements, so that no one will see them. A great trick, because the main thing is that you trade. Therefore, it is quite easy to get confused, knowing about Aevo as an established premarket brand, on which this market has existed for six months. Don't treat your users like Bybit does: users are not a cash cow!

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