Expectations for recovery and growth Bitcoin is increasingly fading when this currency repeatedly punctured important thresholds. Bitcoin's course also becomes more difficult when affected by many external factors.
Today's bitcoin exchange rate (March 4) recorded at 10:50 at US $ 8,817, down 0.75% from the previous 24 hours. The bitcoin market capitalization remains at 160.59 billion USD, the market dominance rate (market share) of bitcoin is at 63.7% – according to BTA's bitcoin exchange rate (https://blogtienao.com/ty-gia/BTC/bitcoin/)
Contrary to yesterday, the market today has a lot of red when there are 55/100 falling cryptocurrencies compared to the last 24 hours.
In the top 10, except for tezos, which increased by 4.8% compared to the past 24 hours, the remaining currencies have not recorded any positive momentum, even in some coins which are still struggling.
The total market capitalization of cryptocurrencies recorded at 10:55 at 252.67 billion USD, almost no significant adjustment compared to the past 24 hours.
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Analyst said 98% of mining devices could not confirm transactions
Alex de Vries, founder of Digiconomist, has just made an assessment of the power consumption of bitcoin mining machines in an interview with the British news website. Telegraph.
According to de Vries, a bitcoin transaction simply consumes the electricity needed to power a home in 59 days, 780,650 VISA transactions, or 52,043 hours directly on Youtube.
The data in the article shows that the annual profit from bitcoin mining is nearly 5.9 billion USD, with about 4 million miners taking this money around the world. As of August 2019, bitcoin miners have earned a total of $ 14 billion in profits since the launch of this technology.
De Vries said 98% of miners will never confirm transactions, resulting in huge and inefficient electricity costs. They are like taking part in a huge lottery and every 10 minutes there will be a lucky person who receives the prize and creates a subsequent block, he commented.
Dubai invites businesses to invest with the fast blockchain system
Dubai International Financial Center (DIFC) and Mashreq Bank have just announced the launch of a new blockchain data sharing platform on March 1.
This platform allows all licensed businesses and corporations to open digital bank accounts immediately upon verification of identity via the internal blockchain.
Mashreq achieves this by eliminating the complicated paperwork for obtaining customer information and replacing it with blockchain digital processes.
DIFC will prepare business records and share with Mashreq through the blockchain system. This makes it easier and faster for new companies to do business in the UAE.